JOHN HOPE BRYANT in the Trap! | 85 South Show Podcast

JOHN HOPE BRYANT sits down with the fellas to share some financial gems!

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Episode Transcript

Speaker 1 (00:07):
This is our studio.

Speaker 2 (00:08):
I got that.

Speaker 1 (00:09):
We're going with this set up right here. We're gonna
shoot some TV. Out of here, we're gonna shoot some movies.
We got a couple of shows that we produce outside
of this in the studio.

Speaker 2 (00:18):
We should have walked you around.

Speaker 3 (00:19):
Here is just our hood for us to create. Can't
nobody tell.

Speaker 2 (00:23):
Us no, I got that before we do it. Let's
let's give him a quick But it's but it's the
music business. It's the show business. It's a business of
so doing the creative. That's great, and that's in the moment,
that's beautiful. But I'm talking about licensing rights, publishing rights, publishing.
You have publishing deals, you have licensing deals.

Speaker 3 (00:43):
We have a licensing deal with who Black Effect, Black Effects.
That's great when it comes to the audio. So that's
the only deal we got.

Speaker 2 (00:54):
I'm on the board of Black Effect, you know what
I'm saying.

Speaker 4 (00:57):
So that's a good We do need help with Brandon
deals in those aspects and of the deals.

Speaker 1 (01:05):
We are sponges. We learned. We just some young entrepreneurs
who took an opportunity, took the little money we did make,
and when we were slipping in it to the ownership, and
we need to have a conversations like this.

Speaker 2 (01:17):
What you guys are done in bread Man, I just
want you to go from I've said a lot of frustrating.
I've observed a lot of frustrating I can't in the
last week of people who who are young, temporarily successful
and actually think that they know what the fuck's going on.
In reality, God gave you two ears and one mouth.

(01:39):
You listen twice as much as you talk. And the
and the guy who was doing the talking, who was
referred to me by Killer Mike, didn't know shit about
what he was talking about. But he was talking to
somebody who has built the ship that he's talking about.
And it didn't bother me because I'm gonna be fine.
But this guy, I literally believe this guy who was
coming back and forth with me, he's making seven figures

(01:59):
right now, He's gonna be broken five years because he
just runs his mouth too much. So what we have mastered,
we've mastered hustle, we mastered the bag, we've mastered making money,
but we don't know how to build wealth. You make
money during the day, you build wealth in your sleep.

Speaker 1 (02:13):
This is gonna be my first question, though, where is
the black wealth.

Speaker 2 (02:17):
There is no black wealth. It's only green wealth. So
if you want black wealth, you create green wealth and
you take and you go back into your Black community
with your philanthropy and with your investments, and you build
up your community. But you don't see Jewish people saying
I want a Jewish customer. You don't see white people
are Asian people saying, or latinos. He was saying, I
want Latino customers. You want every customer you can get.

(02:39):
You want to get every dollar you can get, and
then you take that. You're a great business person who
happens to be black. If Obama was a black president,
and that would have been president. Now the last two
years of his legacy, he reaffirmed his black legacy, but
he had to appeal to everybody in order to become
president of United States Black. Ninety six percent of Black
businesses don't happen in ninety six percent. Most of our

(03:03):
Black community is consumer spending. Most of the one point
seven trillion dollars is consumer spending. We don't own shit.
We talk shit. We make a dollar, but it doesn't circulate,
but one time in our community, then it's out. We're
rocking the micro we don't own it. Forty four percent
of us own a home compared to seventy five percent
of white folks. But the number one you build home ownership,

(03:25):
build wealth in America without question is home ownership, without question.
But if you talk to a lot of us, we say,
oh shit, I don't want to know. I don't own
the home. The bank owned the home. Thing. Shut the
fuck up. You own that if you don't pay, the
bank owns a home. But the entire tax policy in
America is designed around home ownership, the entire tax policy.
So you give you a thirty year mortgage. By the way,

(03:46):
there has no billionaire. I talked to two of them today.
There's no billionaire three of them today. No billionaire. No
successful city, no successful county, no successful state, no successful country,
no successful company. That didn't do it on the back
of good debt. Mortgage is good debt. Good debt's tied
to something that appreciates. Bad debt is sided something that depreciates.

(04:08):
So you finance jewelry, that's a bad debt. Financing a
car typically that's a bad debt financing unless it's tied
to write a write off. But financing a home with
a thirty year mortgage, with twenty of those thirty years
you actually write off in interest payments. It's interest expense
what you write off against your income, which you get
back in a tax refund. Then you get the benefit

(04:30):
of the appreciation of the house. That's free equity. You
get the benefit of the depreciation. That's the tax benefit.
You get up basically some place to live. That's you're
also some going up in value because if they aren't
growing anywhere, land and real estate only goes up. But
only forty four percent of us own a home. But
we've been listening all this bullshit byle people saying don't

(04:51):
own a home. People on TV telling you not to
own a home. Own a home, the folks on CNBC
telling you that poor people working, cize people, minority shitting
on a home. I guarantee you if you do some
research or whoever that commentator is, they own one or
several homes. They want you to rent. They want this

(05:14):
group wants they want in five years, they want seventy
percent of the country to be renters and they will
be the honers. Capitalism is the gladiator sports, not personal.
It's just business. Have you make an emotional decision. It's
a bad one.

Speaker 1 (05:27):
Let me ask you this about you know they having
a big answered.

Speaker 2 (05:30):
I over answered your question.

Speaker 1 (05:31):
I probably because that's what it is. I don't have
no lot of questions.

Speaker 2 (05:34):
I told you it's this.

Speaker 1 (05:35):
I just came here to listen because you know what
the fuck you talking about? And I need to hear
that shit.

Speaker 2 (05:40):
Well, God give us two ears in one mouth, and
we listen to twice as much as we talk. So
so what I'm nosy as fuck from.

Speaker 1 (05:45):
With the private equity buying up all of.

Speaker 2 (05:47):
Don't get my cursing on the on camera? Please what
you mean? Don't get you don't cuss? No, it's not
not that's not that's your brand, it's not mine, all right,
So you want us to believe it up? You guys?
Tape it already, Yes, niggas, you gotta start now.

Speaker 1 (06:09):
Sorry, we ain't wasting a word, and yeah, but we
got I was waiting for my tour, the mogul, the.

Speaker 4 (06:18):
Chairman Tokyo talk, Hold on, hold on, Wait a minute, wute,
wait a minute.

Speaker 3 (06:22):
We don't have a lot of niggas hit on the cap.

Speaker 5 (06:24):
No, this is not a nigga that No, no, no,
I mean no, no, no, yes, sir, We're not doing
none of that today.

Speaker 2 (06:36):
D C.

Speaker 1 (06:36):
We got the chairman in here with us today.

Speaker 3 (06:39):
Man, all right, we got to keep it.

Speaker 1 (06:40):
We got to keep it all the way thorough. This
ain't an episode. This is a class. This is a
crass class, a master class.

Speaker 2 (06:47):
But I am from Compton, years from Compton.

Speaker 1 (06:50):
Don't bring the Compton out none other than mister John.

Speaker 3 (06:56):
In the trap. Like money right here, man, you know
what I'm.

Speaker 1 (07:00):
Saying, No cap, not just money, currency, wealth, wealth, allation.

Speaker 2 (07:08):
All of it.

Speaker 1 (07:09):
Welcome to the AA fast.

Speaker 2 (07:11):
Thank you, brother. Money is actually pretty irrelevant right off
the top. I mean, we obsessed about money, to bag
the dollar, it, all that stuff. It's really it's it's
rearranging the deck Taors and the Titanic. All money is
is an exchange of value. So if I take your
your hoodie off, and on the back of your back

(07:32):
of your hoodie, I write pay to the order of
and I put your routing number for your checking account,
put your checking account number, put in an amount, sign
it and date it. You can take your hoodie off
and go down to the bank. And they'd sit there
scratching their head trying to figure out whether they are

(07:53):
legally obligated to cast your hoodie, because it's the check
that we Up until five years ago, everybody would write checks.
That checkbook was simply a way to transfer the value
of the money that you have sitting somewhere, that you own.
So now it's an ATM card, or it's a debit card,

(08:16):
or it's a digital card, but all of it is
just a means to transfer value. The question is not
what are you transferring the value? What are you transferring
it for? Or two? Because money has velocity, so that
cash flow cash flow making a living, So we make
a living and we use cash flow, and that cash

(08:37):
is flowing. It's either flowing to dumb shit or so
wise decisions, but it's flowing. That's why seventy percent. I
love the seventy percent numbers. Historic. Seventy percent of all
those who are in the NFL and NBA are bankrupt
five years after retirement.

Speaker 1 (08:55):
Do any of them ever reach out to youth for
any case?

Speaker 2 (08:58):
Yeah, yeah I do. I'm really really proud of a
lot of a lot of strong brothers, and I don't
have the brother I don't have the permission to mention
their names. There's a couple of t I with Miami
mentioning his name, Killer Mike with Miami mentioning his name.
But the athletes, I don't want to miss your name
without there, without their permission. Stephen A Smith, Uh, et cetera.
There's a lot of brothers who call me and we

(09:18):
have real conversations. Charlemagne, we talk all the time, and
and I'm just really proud about how they're really really
These brothers are really smart. They're really trying to become
like legit business people, and we have real conversations. And
when it's about their their the area, I shut up
and listen. And it's about my area. We don't need

(09:38):
to say that. They just shut up and listen, and
we chop it up and we just go back and forth.
I'm learning from them, they're learning from me. We're all
nosy as hell.

Speaker 1 (09:45):
Let's take it back for all the people who watching
this show, and let's let's get a brief intro of how,
how and why and where you started all this.

Speaker 2 (09:54):
I was tired of being I was tired of our people, brilliant, amazing,
genius broke. I was tired of the indignity. I grew
up in Compton, in South Central. My best friend was
murdered when I was nine. Sorry, I'm trying to just

(10:14):
took a minute, trying not to get emotional. Exactly whenever
I say it, I can see it. He his name
was George. He was a really smart guy, hung out
with a drug dealer next to me. His name was Tweet,
and started talking to light Tweet, walking light Tweet, acting
like Tweet, trying to be cool like Tweet, selling drugs
like Tweet. Got shot on somebody else's street corner, just

(10:36):
like Tweet, talking about this is my corner. The full
of the city owns the corner. You don't even own
the corner. And unless I mentioned George's name, Georgie's lost
the history. I've been mentioning his name, you know, for
forty years now, because if I don't mention his name,
he doesn't exist. Because our lives, too many people are disposable.

(10:57):
Because he never made it, made his mark. He was
smarter than me technically. Then I had the guy who
saved my life when I was six seven years old.
His name was Oc and my mother. My mom and
dad divorced over money when I was four or five
six years old in south Central, and my mother left

(11:18):
my bat my dad in Los Angeles and we owned
a gas station at anybody listening to your shirt watching
your show in La at gas station is still there,
Western and north Western and Vernon south East Corner. We
owned that gas station. We owned an eight unit apartment
building on martinother King Boulevard used to be called Santa Barbara.

(11:40):
We owned a home on that same street. We owned
a nursery business, We owned a semic contracting business. We
lost it all because my dad could make it but
couldn't keep it. My dad was that brother obsessed with
making that cash. But if you make a dollar, spend
a dollar fifty, the more money you make, the broker
you get. If your outflow sees your inflow, then your

(12:01):
overhead will be your downfall. And so my mother was
a great investor, great saveror My dad just thought she
was fine. Didn't realize that was his business partner, and
so he didn't give her the respect of partnership. Business.
It's right. Marriage was first business before it was anything else.
Six thousand years ago. It was a business arrangement. And

(12:25):
then it became spiritual, endowed with spirituality, and then it
became about she's fine, right, and we get all we
get all hooked on that she's fine and he's a
handsome part. You'll realize when the when the looks fall
away and the body drops, that's your business partner for life.
If she's dumb as rocks, you got a problem. So
it's not just about how fine you are, it is

(12:46):
what's your credit score. We had to make smart sexy again.
So my dad my mom because the number one course
cast her divorces money amongst everybody. Mom and dad over money.
I watched it, and so they broke up and they
lost everything. My dad lost everything. My mother went to
go live with a girlfriend of hers. Her girlfriend's boyfriend

(13:09):
was oc oc I was falling. I fell on his porch.
I was swallowing my tongue. I was I was six
seven years old. He saved my life. Hit me between
my shoulder blades, back of my neck, caused my throat,
my tongue to come forward. I was choking. So I
love this dude. Man, I ain't know him like this
is my hero. I didn't realize. Pride and Bastard Young

(13:32):
says that men and women fail for three reasons. Arrogance, pride,
and greed. I didn't realize that OC had pride, and
he didn't want to tell my mother that he couldn't
take care of his family in our family in his house.
At the same time, if he told my mother that
my mother was working Acdonald was aircraft, she would have
helped him. She would have pitched in. But he didn't

(13:54):
say that. He's like, I got it, I'm good, We're good. Well,
he wasn't good. He worked a regular job, but then
he had to get some extra money, so we ran
around the corner to sell some marijuana. He wasn't very
good at it, yea. And the guys who thought that
was that corner followed him home. And I'm sitting on

(14:15):
the porch waiting for the guy to come home who
saved my life. And they hit him in front of
me in the truck. I remember it was a lifted truck.
And they waited for him to get in front of
the house and we would get the full trauma and
get the message. And they hit him from behind and
dragged him. He was our bicycle, and they dragged him

(14:36):
down the street until he was dead, mangled the bike
and his body, and I could see it just like
I was talking to you like it happened yesterday. That
was over drugs. Well, I was really over money. So
the divorce was over money. My mom and dad fighting
was over money. We lost all our assets over financial
literacy because we didn't understand money. The guy who saved

(14:59):
my life lost his life over money. My best friend
was murdered over money. So by the time I was
nine years old, there was only one constant, money and
we didn't understand it. And I saw all these brilliant
people in my neighborhood, prison, probation, parole, death. I'm like, no, no,

(15:21):
I'm not going out like this. So I started looking around.
I became nosy, and I'm like, Okay, everything we've been
doing hasn't worked, so that's got to be another way.
It's got to be a way out of this. So
I went to school, and as God would have it,
this white banker came in the classroom and take financial literacy.

(15:44):
I know what that was. We didn't want him there,
he didn't want to be there. He came in once
a week. He had a beautiful suit on tie in stitching,
white shirt, chips and cotton red tie. Remember didn't get
this guy's name first week, it was like, yeah, man,
get out of here, like I don't want to be
here anyway. Second week he started talking about money. Third week,

(16:05):
I wore a suit just like him by Sunday suit
my mother made for me. Fourth week. Excuse me, sir,
what do you do for a living? And how'd you
get rich legally? I was dead serious. Excuse me yo

(16:25):
and everybody else playing around yo, yo yo? What do
you do for a living? You? How'd you get rich legally?
Because you got a nice car in the parking lot.
It's got tags on it, right, anybody chasing? You're here
in the middle of the day. My mother's working an
hourly job and McDonald willa's aircraft. She gets paid twelve
fifteen dollars an hour. She has a fifteen minute break

(16:46):
twice a day, plus lunch. She only shows up if
I tear my butt. She shows up. Other than that,
she can't. She can't just leave the job. You here
in the middle of the day. How you do that?
He says, It's called a salary. I don't know what
a salary is. He said. I'm a banker and our
finance entrepreneurs. I said, sir, I don't know what an

(17:07):
entrepreneur is I never heard that word my entire life.
I'm nine years old, and I'm curious. I'm nosy as hell.
But whatever it is, if it's legal and you're financing it,
I'm gonna be one. Over the dictionary. It's called a
Google search. Now over the dictionary entrepreneur French word build

(17:32):
something from nothing, create value? Okay? Through what capitalism? How?
Free enterprise system? Okay, well, so I go back, he says. Look,
I'm gonna be an entrepreneur, Thank you very much. By
the way. Just curious this banker thing you said you
are pays money? Oh yeah, it pays really well? Okay, great,
any more like you? He laughed, What do you mean? No,

(17:55):
I'm serious, Like you said, your job is lending an
entrepreneur money. There's more than you, he said, service ten
thousand banks in America. Back then, there's got to be
a couple million bankers. I said, slow, we woa flow down.
Wait a minute. There's a couple million people whose job
it is to lend poor people money. And all I

(18:16):
gotta do is prove you I can pay it back.
He says, yeah. So why did heare we shooting each other?
Why was it what's what's the shooting and the gang
banging and the murder and the mayhem and the because
all of drug dealer. A successful drug dealer is an
legal entrepreneur. He's not dumb, He's not stupid. He says,

(18:37):
a bad business plan. He understands import, export, finance, marketing, wholesale, retail,
customer service, security, territory, logistics, payroll, real estate are real estate, distribution, marketing, branding.
So we're not dumb. Is what we don't know? That
we don't know, but we think we know. So that

(19:01):
at that moment when he told me that, and then
I went on, I said, so if I if I
borrow money from you and I don't pay it back,
I don't get dead. And he see, you're not laughing
because you know what I'm talking about. He laughed. He said, look,
what are you talking about?

Speaker 6 (19:19):
Now?

Speaker 2 (19:19):
We issue a notice of default. I said, you give
me a piece of paper. I mean, this was mind
blowing to me. So okay, so how do I get
access to this money? We need good credit. Okay, that's
another thing for we need to look up. All right, Well,
Latin credit comes to Latin room work credit, though, which
means credibility. Capitalism comes to the Latin root word copy task,

(19:43):
which means knowledge in the head. Banking is a trust business.
So what was slow down? Wait a minute, I need
credibility to access to access capital at the bank. Credibility, knowledge, trust,
Oh I can, I can? I can scrape that up right?
So I started my first business the next year. It

(20:05):
was a neighbor at candy house. And I'll tell you
the story, but I put the liquor store out of
the candy business in six weeks and made three hundred
dollars on I made three dollars a week on a
forty dollars investment. I'll tell you the story if you
want me to. But the point is I was hooked
on entrepreneurship. That was my way out, and I was

(20:25):
going to drag everybody with me. So my job today
is to be the plumber. My job in our community
is to be the economic plumber. We don't have plumbing.
We don't everybody else has plumbing. Every other culture has plumbing.
Something to plug into to get access capital, to get

(20:46):
an internship, to getting that office building, to do a
business deal, to buy a home, to get to get
your son or your daughter into a college or university,
but mostly to access capital and opportunity. Every other culture
has plumbing, except poor whites, Native American, Indians and African Americans.

(21:09):
We don't have plumbing. So I decided to create economic plumbing.
So I have fifteen hundred offices across the country, the
largest black male founded community based nonprofit in the US history.
That's my philanthropy Operation Hope. That's not where I make
my money. That's where I give it away. That's four
pointy five billion dollars we've invested in our neighborhood.

Speaker 1 (21:33):
You see, you know what he said. That's not why
I make my money. That's why I can give it away.

Speaker 3 (21:36):
I heard what he said. So I'm trying to be
over there in the part where you're giving it a
weird no.

Speaker 2 (21:40):
No, you're smart enough to be over here to help
help figure out where to make the next the next
batch of it. I heard you earlier. You really you're
really smart. But you also know when to listen. And
part of life is knowing when to shut up. A
big part of life is knowing when to shut up
and listen. Uh. I followed the Ambassador Andrew Young for
a decade, all across this country. I'd buy a plane ticket,

(22:02):
figure out where he was speaking, and I'd chase him.
Quincy Jones. I had two heroes when I was growing up,
two guys I wanted to meet. I didn't know him.
It was only two. I want to be an international businessman,
but there was no black international businessman thirty years ago
that I knew of. So there was two brothers who

(22:22):
were international, Quincy Jones music and Andrew Young civil rights
and politics. I said, well, that's good enough. So I
made it my business to go be mentored by them.
But they didn't know me. So my job was how
do I get in front of Quincy Jones and Andrew Young?
And I just engineered. It took me ten years with
the Ambassador Young, it took me about a year and

(22:44):
a half to meet Quincy. And once I got there,
my job was to say just enough to impress them
and then they shut the fuck excuse me, shut up
and listen. And I'm still listening. I just talked to
Bassard Young yesterday and we were like this. Now, I'm
like a surrogate son. But last night when I was
with him, just listen, and I never stopped learning something

(23:08):
from these people. I was talking to three three billionaires today. Yeah,
they can learn something from me, and I guess that's
why I can't speak for them, but I think that
they learn something. But I certainly am learning something from it. Right,
So I'm I'm always here hustling.

Speaker 1 (23:23):
Is what are those conversations like when it's when it's
three billionaires on.

Speaker 2 (23:27):
The phone, Well, it was three separate conversations. But it's
very It's a great question because it's not what somebody
would think. It's not about money. See, they made it.
You can't spend that kind of money in your lifetime.
The question with them at this point, do I like you? Do?

(23:48):
I like you? I respect you? Do I admire you?
Do I feel good around you? You know? Do I
let my let my guard down? Or are you just
trying to get what I've got? If you if you're
trying to get what I have, don't get in You
don't even get that converse. If that's the vibe and energy,
Life's all about a relationship capital Like how did I
get to you? Guys? Charlemagne? He loves you, I love him.

(24:12):
He connects you. Brothers need to This is what I'm
talking about. This is this is what I'm talking about.
You guys need to connect boom text message, instant credibility.
We all know, okay, if this person's valuable, this person
then it's all good. Right. So it's like an underground
filtration system. If you hang around nine broke people, you'll

(24:36):
be the tenth. The opposite is also true. So successful
people want to hang around successful people, folks who are
in a transactional situation where there so there's a giver
in a relationship, whether it's a romantic relationship or a
business relationship. Here's a real answer your question. A giver
and a giver is exotic. A giver or taker is neurotic,

(25:00):
A taker or taker of psychotic. A lot of relationships
in our community are the last two neurotic and psychotic.
I like high frequency relationships. I'm trying to go up market.
That's a giver and a giver. That's who I'm married to.

(25:21):
That's who I hang around, that's who I flow with,
that's who I do business with. If I get if
I if I get any hint of toxicity, I'm gone.
I don't even I don't argue with you.

Speaker 3 (25:32):
To argue with the food bruiser or two.

Speaker 2 (25:35):
I don't get a debate with you. That's wasting my time.
You can waste my money, you can't waste my time.
I'm ruthless about my time. If I get any hint
that you're full of shit, I'm gone. You can do
that by myself, all by yourself. So these conversations are authentic.
It's a giver and a giver. We never talk about money,

(25:57):
oddly enough, but oddly enough do hanging out. These are
high achieving people. You end up doing stuff which ends
up producing the transfer of money as a gateway to
Bill Wells. Does that make sense? It makes sense, I'm
suddenly so in some ways we're having the I'm just

(26:19):
saying we're wasting a lot of time in our community.
We are ranging the check the deck chairs on the Titanic.
The ship is sinking, we're picking drapes. We're arguing about stuff.
First of all, we're arguing. There's a lot I did this,
this podcast, this post last week, and you go with
virals like almost two million views and it's like fifty

(26:39):
thousand shares. But if you look, I love the comments.
I'm always for the comments. You go in the comments.
That's normally I try to teach in the comments. I
found it hard to teaching these comments because folks who
are broke and tow up want to tell me about
what I'm talking about. Folks want to debate with me.

(27:00):
Something is irrelevant in the so I was saying that
poor neighborhoods are noisy as hell, wealthy neighborhoods tend to
be quiet. As somebody grew up in the hood, I
have a little credibility, I said, well, you know a
lot of black and brown neighborhoods and poor neighborhoods are
just too damn noisy. Then I said wealthy neighborhoods. Didn't

(27:22):
mention the race are quiet. Then I spent the bottom
half the back end of that post praising black people
clearly as a as you know, somebody I'm pitching for.
But all the comments want to obsess emotionally. Did you
just say the black community is a noisy What if
you want to say that it's mathematically correct? Half of

(27:46):
all black communities, sorry, half of all black people have
a credit score below six twenty. I'm gonna say that.
I'm gonna say I'm gonna slow that down. Take a
camera and tell I like mathema. It doesn't have an opinion.
I'm not emotional about this. It is what it is.
Let's not being emotional about stuff. This is the facts.

(28:08):
Are the facts. Half of Black America not poor people.
All of us have a credit score of six twenty,
which means you're probably seven point fifty. I'm seven seventy.
You're probably seventy ten. Are you're working at it or
at least six ninety, which means our cousin Pookie, them
and Jojo they're at five hundred ninety. You said it

(28:32):
so weird, So the average are high is dragging up.
They're low. So what I said is actually worse than
what I just said. The average credit score in Black
America forty million people, it's six twenty. What does that mean?
That means which I'm on police, brutality, racism, the President
of the United States wasting our time on stuff. We

(28:54):
can't control our effect. But whether you can pay your
bills or not is something you actually have some control over.
But that means that half of us wake up in
the morning locked out of the free enterprise system. You
can't get a decent car loan at six twenty. You
can go to car dealership and get a Mercedes, but
it'll be not a Mercedes, to be Mercedes. Payments eighteen

(29:16):
twenty seven forty percent interest. They wait for you. That's
a bomb. They can't wait for it to miss your
seventeenth payment so they can take the car back and
resell it. Can't wait for you to for the car
to break down because they use car because a car
dealership makes money three ways. Car sales, the least profitable

(29:36):
finance department, maintenance and let's see you a proper capitalist maintenance.
They can't wait for that to break down. But we
sitting there floss in the hall. I'm driving the Mercedes. No,
you're driving a Mercedes. Payments, you're driving a bomb. Six twenty.
You can't get a decent car loan six twenty. You
can't get a home loan, not a prime one. You

(29:58):
need seven hundred for that. Don't even talk put a
small business loan. That's risky credit. So we want to
go to the bank and say, oh, the bank's racist.
The bank may be racist, but let me tell you something.
I'm not lending you money at five eighty credit score
me and I love my people because you're a credit
risk and I've owned. I was the largest minority owner

(30:19):
of single family rental homes in America. I owned seven
hundred homes. Who was the Promise Homes guy? I sold
the company FO one hundred and twenty one million dollars
three years ago, but I owned seven hundred homes from
Atlanta all the way up to North Florida. I know
my people. I have four million clients at Operations Home.
I know my people and how we behave given the
right tools, we kill it. We've been doing so much
with so little for so long. We can almost do

(30:40):
anything with nothing. Where the rules of publishing the planets level,
we kill it. The arts, professional sports, faith, church, politics.
But no one told us the rules for capitalism or
free enterprise. But yet we want to go into my
comments and give me a lecture about something that's just

(31:03):
it's not even debatable. I'm sorry it breaks your heart
or hurts your feelings. Our communities are damn noisy. And
the reason I'm saying that is you can't create. You
cannot create a pattern is a monetized idea. You can't
be creative in noise. You cannot do anything when you're

(31:27):
distracted all the time with damn noise. You have to
quiet your mind. So I wasn't even talking about a
physical space. I was talking about a mental space. We
are sitting there arguing about some stuff that don't even
matter and missing the whole point. We're gonna have to
fight this battle from the shoulders up. This is useless,

(31:49):
this new battle. I even got into artificial intelligence, and
I've even't gotten into the future, which is gonna change
by twenty thirty. I'm just trying to get us out
of our trauma. As simple as it sounds, if all
we did is raise our credit score one hundred point
in the black community, you solve all of our problems.

Speaker 1 (32:10):
Sounds simple, ton it.

Speaker 2 (32:12):
I'm gonna say it again. I'm want to put my
net worth on this. You go to a five eighty
credit score neighborhood. Now I've never met any of you here.
You tell me if I'm wrong. You go out to it,
and you know the five and the credit card labor
looks like. Go to our neighborhood. Here's what you see.
Check Casher next to a petty loan lender, next to

(32:36):
rent on store, next to a title lender, card title
next to a pawn shot am I live yet Dollar general. Okay,
don't don't pick on them. They get their donor mind.

Speaker 1 (32:48):
Okay, that's how you know shit getting bad though, when
you see that dollar.

Speaker 2 (32:53):
Restaurants, liquor store, laundromat, coin op church, which is your neighborhood,
psychologists trying to keep even going postal on Monday. We
don't go to church anymore, which is making it worse
because now we're not even spiritual. We're not human bans
having a spiritual experience, where spiritual bans having a human experience.

(33:16):
Energy matters. But they got us all upsetts about money
and that dollar is in in all this stuff that
don't matter, and our and meanwhile, our soil is our
soul is falling away anyway. The church so many people
black people, you know, have you going to see a psychologist?
And I don't want to go to see this psychologists.
Somebody might think I'm crazy if you black, and don't
think you crazy. In America, you crazy. So we used

(33:39):
to go to church and get that out of our system.
We stopped doing that. So now you have this community
that's in a crisis. It's surviving mindset. It's noisy in
your brain. So now we're rearranged. Now we're just we
just we're just running in place and everybody trying to
get that bad get that dollar, that cats get that money, which,

(34:01):
as I told you from beginning, is nothing but a
transfer value of that boom. He's a quick learner. We're
not even building wealth. And the dollars circulating one time
in our community and it's gone, yeah, thank you, So
all I did. So. Then I said, okay, what's fifteen

(34:21):
minutes away from a five hundred credits corre neighborhood a
seven hundred credit score? Literally I mapped every zip code
America by credit score, and I found in an urban city,
literally fifteen minutes away from that hood are high rises Grandpaul,
the seven hundred credit score, neighborhoods, two parent households. It

(34:42):
doesn't matter what's black and white. By the way, this
works for, this works for is race neutral, two parent households.
You lived at eighty one years of age. By the way,
you lived at sixty one years of age in our neighborhoods.
If your credit score is below six hundred, you lived
a sixty one years of age, So security you don't get.
So security t is sixty.

Speaker 1 (35:00):
Five don't need to live long enough to get none.

Speaker 2 (35:03):
Hellong. So now it's a twenty year delta, a twenty
year life expectancy with a two hundred point increase in
credit score, which means you live five years for every
fifty point increase of your credit score fifteen minutes away
from the hood. And the hood is the wealthiest asset

(35:26):
in America. An inner city in France is called Paris.
An inner city in London is in the UK it's
called London an inner city. And it's in Turkey's called
is thinbull. I can do this all day and all night.
I love this. There's no rocket science in this. It's
just that we've been looking for love in all the
wrong places. What in Malcolm kesay, we've been bamboozoo. We've

(35:47):
been tricked, we've been fooled, we've been hoodwinked, we've been
a run amok. Let us straight, Let us straight. So
I believe we are brilliant. That's what I believe. With
the wrong business plan.

Speaker 3 (36:01):
So what do you say to it? Because you know
I'm listening.

Speaker 2 (36:05):
What do you say to by the way, anything I
say that doesn't make any sense? Or you just please
challenge me? In real time more difference.

Speaker 4 (36:14):
What do you say to the average person that, like
I hear, you shall break it from square one? What
should I do to start building wealth generations? Because all
I heard was first of all the trauma we we
we just keep we live in trauma. It's a lot
of stuff that we don't know when it comes to
the credit and how it can work in our favor. Yes,

(36:36):
we've been taught to stay away from critics. We've been
talked to fuck your name up. I'm gonna curse for you.
We've been talked to going there with the fake check
and all that.

Speaker 2 (36:44):
Like your kids, your six year old kids, so security
now that's credit. Get to get the least that you
go on default.

Speaker 4 (36:51):
And we've been talked to. You know, we're not being
talked to. You don't know how hard it is to
get yourself out of it.

Speaker 3 (36:57):
That's right, you did what I'm saying.

Speaker 4 (36:58):
So what do you tell the young average person will
be like, hold up, wait, young brother, before you go
miss your name up because your credit score.

Speaker 3 (37:04):
First of all, you already.

Speaker 4 (37:05):
Got bad credit because you ain't got nothing on your credit,
so you ain't running your credit, right, What do you
tell him to build it just to go in there
with that game plan, to be like, you know what,
I could go in here with a seven hundred seventh
fifty credit score and come out with that three hundred
thousand dollars loan that they just gave me and I
ain't need.

Speaker 3 (37:22):
I don't even know how just did that.

Speaker 2 (37:25):
So you almost said it for me. I can't control
how somebody feels about you, right, you can't control it either.
I can't control who's in the White House. But we
spend all the current politics is the basically you're experiencing
the biggest reality TV show in the history of the world.

(37:48):
And to quote my brother Charlemagne, were all extras And
how many people get up every day and spend a
third of that day obsessing, wasting your time, obsessing about
somebody else's game, argument, screaming at the TV set or
screaming at your phone, talking mess about poor people, talk

(38:08):
about other people, Wealthy people, talk about their ideas.

Speaker 4 (38:13):
Need to say that again, Say it again, because somebody
probably walk to the bathroom.

Speaker 2 (38:17):
Poor people surviving mindset talk about other people. Wealthy people,
thriving mindset, building mindset, talk about their ideas. What's as,
what is a patent. It's a monetized idea. I mentioned
that earlier. You cannot create in noise. Even you got

(38:41):
this beautiful studio. But when you got to do in
your magic, like right now you can hear a pin drop,
it's no different anything else. Quiet the noise. First thing
you got a quiet is inside of yourself. So here's
one for everybody. Slavery did a job on us. There's
a difference between Black Americans, Black Caribbeans, and Black Africans.

(39:03):
Even though we all come from Africa, all of us,
there's a in fact, all of mankind comes from Africa.
That's a different conversation. Other The difference is slavery lasted
longer under a brutal commercial enterprise. Here it destroyed our
self esteem. What's my point. If I don't like me,
I'm not gonna like you. If I don't feel good

(39:26):
about me, I'm not gonna feel good about you. Real talk.
If I don't respect me, don't expect me to respect you.
If I don't love me, I don't have a clue
how to love you. Here's a big one. If I
don't have a purpose in my life, I'm gonna make
your life a living hell. Because whatever goes around comes around.

(39:50):
So now you take that self esteem. So now I've
got high confidence because I was born and raised in
the biggest economy in the world, the United States of America.
So I've got high confidence because I'm competent. What did
I say when the rules are published and the playing
fields level, we kill it. So we gone from slavery,
jim crow, sharecropping, all that this indignity, and somehow we've

(40:13):
risen against all odds. And look what you've built here
from people literally pushing against you, still you rise. So
we if we say black people have mastered creativity, culture
and cool, mainstream folks have mastered capitalism, commerce, and economic

(40:35):
community six thousand years. So we say something's cool, it's
cool in Tibet. If we say it's cool, it's cool
in North Korea. If we say it's a dud, it's
dud in Russia. But we've rocked the mic. We don't
own it. We play on the stage, but we don't
have we don't own love of nation or whatever the
situation is. So we've been rearranging the debck chairs and

(40:58):
the type of going back to the original. So our
mind is messed up because our self esteem is messed up?
Do you know that? Do you know this? Seventy six
percent of all luxury goods are bought by poor people.
See it again, By the way, I like that's a rolex.
By the way, this is my get out of. This
is my get out of? Is this everything goes south?

(41:21):
That's twenty five thousand dollars right, So this is yeah,
it's a nice walk deessent investment. Right. But so I like,
I like nice things, right, I like Louis Vuitton or
you know, two mayor or whatever. The thing is, right,
But that's my third budget. That's my that's not that's
that's my flossing budget. Is it a living budget? An
investment budget? And I do as I like budget? Right,

(41:42):
So I'm not I'm not telling people not to go
to get nice things. I'm saying seventy six percent of
all luxury goods in the world are bought by poor
and struggling people. That's target marketing. So when you we
see the line around the corner at Louis vuiton, look

(42:03):
who's in the line. It's us. I'm gonna tell you
have to go to Louis Vuitton, sir. I'm not hete.
I'm just telling you it's literally right in front of you.
We are looking for love and all the wrong places.
We have got to realign our priorities, and the problem
is self steam. We have high confidence because we're confident,

(42:25):
but we have low self esteem because we never healed
from all this trauma. And a lot of us distract
ourselves with the ing's, shopping, drugging, drinking, traveling, texting, sex,
thing whatever. It is not dealing because we're not doing

(42:46):
the one ing that matters healing. So let's go back
to the relationships. So I'm jacked up if my self
esteems messed up, and I'm medicating that with shit stuff, shopping, distraction,
but my self esteems toe up. A successful person with

(43:10):
an insecure successful person, an insecure person with money just
becomes a wealthy, insecure person. You follow me, right, So
now I'm forced to have a toxic relationship. There's no choice.
So now I'm transactional and I'm simple, and I'm gonna

(43:37):
get exactly what I deserve. So if I go, if
i'm low frequency, I'm gonna attract low frequency. So that's
why all the relationships are toe up. That's why we
spend all our times arguing in drama. A giver and
a giver is exotic. A giver and a taker is neurotic.
A taker and taker is psychotic. These two here lead

(43:59):
the brokeness. Seventy percent of all those who win the
lottery broken five years, seventy percent of all professional athletes broken,
bankrupted five years, seventy percent of those in professional sports
divorce five years after retirement. Don't trust me, look it
up for yourself. These numbers are so overwhelming you can't
subscribe it or ascribe it to luck, fate, a coincidence.

(44:23):
These are overwhelming numbers. So what I say to people is,
people say, well, why should I try God? Because God
cannot possibly mismanage or screw up your life worse than
you have. Well, why should I be positive? I can't
guarantee you that being positive is going to make you
a success, but I absolutely guarantee you that being negative
is gonna make you fail. Maybe, sure, you just shut

(44:44):
the fudge up for a moment and listen, because your
business plan ain't work very well, has it. I love
my people enough to tell you the truth. Our shit's
not working. This business plan of ark for the longest
time it was love hate. People didn't like it. And
let you know, Jim Crow Slavery civil rights movement. I

(45:08):
mean they killed doctor King, but trying to take down
on White's only side. People that have This is what
I've been saying for thirty years. We're gonna get to
a point folks don't even care about you to hate you.
It's not love or hate anymore. It's radical indifference. Think

(45:28):
about this now, gated communities, private roads, private transportation, private security,
private community, private neighborhoods, private lives. They're like, do as
you like, tell your stuff up if you if you
want to, I ain't got nothing to do with it.

(45:49):
I've made mind there. Artificial intelligence is going to do
nothing but wrap that up. In five years. Your whole
world's gonna change by twenty thirty. You want recognize the
world as we see it. But God steals system the
throne tonk Yotope. Darkness is defined by light, not the

(46:11):
other way around. Badness has failed goodness. God has a
sense of humor. Seventy percent of this economy is consumer spending.
Seventy I love that number. Seventy black brown folks of
forty percent of America today in ten years will be
a majority of minorities. There's not enough college educated, successful

(46:34):
white man to drive this economy for the next twenty years.
We speaking, We're always speaking Chinese in thirty years and
we don't change. We need for the first time in history,
they need us to have this conversation to become capitalists.
It's never happened before. Demographically, we have got to win.

(46:57):
It's never happened before. In nineteen fifty two, America was
ninety percent white nineteen fifty two, not the South, the
whole country. So with Andrew Young, doctor King Cretit, Scott Kream,
what they did was nothing less than genius. It was
moral genius for eight percent of this country to flip

(47:19):
the consciences of the whole country. Todam, I'm telling you
we have a majority. We're on the precipice of the
majority of minorities in America. Women in nineteen seventy two
couldn't get a bank account, Not black women, white women,
white blonde hair, blue eyed. Women in nineteen seventy two

(47:43):
could not get a bank account, couldn't get a loan
less her husband co signed it. Because of black people
and affirmative action, Kennedy, Johnson King. I call King an
honorary president. He's so bad. It was a bad brother.
These three, my hero Andrew Young working with him, These
three so pioneered this. The country reacted to that when

(48:06):
they killed Kennedy and they killed King. The reaction to
that was Nixon. The reaction to this was this. By
the way, what's happening now? Obama triggered you had two
thousand and I called this a third reconstruction. By the way,
we're in the third reconstruction right now. Two years into

(48:28):
any reconstruction pushback Civil War, Lincoln gets killed. Within two years,
they're trying to undo what was done. Two years after
doctor King's greatest successes, they kill him, and Nixon shows up.
They do a firm reaction. They give it to white women.

(48:50):
White women got a firm reaction because of us. Now
I'm glad that. I'm glad somebody got it. But my
point is women could not participate in the economy, and
like you said, need to hold on, they got it
firm of action. They got participation in nineteen seventy two.
Today women are a third of the US economy, brother
seven trillion dollars a year, all women, black women, Latino Asians, everybody.

(49:15):
Without that, we being also ran country. Today we be
a third rate nation without if women had not stepped
into the economy a thirty three Miller economy seven eight
trae of that from women, we beat toast. This is
exactly where we are with minorities and diversity for the
next five years. My rich resie my poor friends do

(49:38):
better if only to stay rich? Am I going too fast?

Speaker 3 (49:42):
No?

Speaker 1 (49:42):
Hell no, though you can take no friends need my
poor friend to do better in order to stay in
order to stay rich.

Speaker 2 (49:50):
Even the racist should want a black person to succeed,
because when the economy increases, all boats go up. So
I don't care whether somebody likes me or not. I
really I rather you respect me and learn to like me,
than like me and never respect me. It's okay if
you don't like me, I like me, not going out

(50:11):
to My self esteem is defined by your acceptance of me.
That's the Quincy Jones quote. That that's self esteem. I'm not,
it's not. It's not about raising your voice. When you
got the power, you don't need to use it.

Speaker 1 (50:23):
Man his bag boy. But when you got the power,
you don't need to.

Speaker 3 (50:28):
Use it's get in the car. We going to the.

Speaker 1 (50:31):
Script club.

Speaker 2 (50:36):
To making moves. If you see me at the strip club, No, I.

Speaker 3 (50:40):
On it for sofa Joe.

Speaker 2 (50:43):
All am. All I'm showing up for is to get
the cast at the end of the night.

Speaker 3 (50:46):
It's down.

Speaker 2 (50:52):
A friend of mine. I can't name hi because you
know where friend of mine billionaire when he was one
hundred millionaire is called a centimllionaire. When he was a
centimion there he owned strip clubs.

Speaker 3 (51:01):
I ain't even know they had.

Speaker 4 (51:02):
They got more words for niggas a centipede.

Speaker 2 (51:09):
Cent a millionaire, one hundred million, centi million billion. You'll
see you'll see a trillionaire in our lifetime, by the way,
but anyway, we had no you have sent you have
tradion dollar companies Apple, but Amazon. But you'll see a
centi millionaire with AI in our lifetime. Anyway. Backing up
for a minute, So this guy who I'm who I

(51:30):
won't name his name, who's a billionaire now, was at
this time, at this conversation, he was a centi millionaire.
He's worth a hundred million dollars. At that point he
owned strip clubs. Please hear me. He never went there,
he owned them, wouldn't let his kids go there. Nobody
in his family could go to the strip club. Think

(51:51):
about that. He loved us going there, but he didn't
want that toxicity. He didn't want that in and want
it around his kids family. I just need us to
understand capitalism is a gladiator. Sport is not personal. Business
is not personal. We take everything personal. We get emotional

(52:16):
about every damn thing, and we get racked up in
arguments and debates about somebody else's business and not taking
care of our own, wasting. The only ass that you've
got is your time.

Speaker 4 (52:33):
And speaking on time right, because I want to know
why does she keep it even the color trying to
listen to what he's yes, what he's saying. Look, I
remember you said you you took what forty dollars to
start making three hundred dollars a week, a.

Speaker 2 (52:53):
Forty dollars investment for my mother wanted a smith who,
by the way, died two years ago, eighty nine years
of age. We're working at an hourly job for thirty
two years. She died a millionaire with a credit score
of eight fifty four, an hourly job. Going back to
your point about what do you tell people who were
watching this who think, basically, I can't relate to him.

(53:17):
How How could I owned seven hundred homes? I'm gonna
own seven thousand. At some point I owned seven hundred,
but I at one. But my mother owned seven. She
owned seven and her grant and my grandmother owned a
shotgun check in East Saint Louis. And there was a
time I owned one. It was a town home seven
one two two lati Hera. It's interesting when you own

(53:38):
a home, you remember the address seven one two lati
Hera at Latiherra in the four or five Freeway in
Los Angeles, the north the north side of the street.
That townhouse of fifteen hundred square feet I bought for
two hundred and twenty thousand dollars went down in the

(53:59):
christ to two thousand and eight to one hundred and
sixty thousand dollars. My broke ass friends told me to
sell it. I considered the source. I think I'm good.
I have to live someplace, stayed there, moved to Atlanta
in two thousand and nine. Rented it out to a
police officer LAPD officer who didn't pay rent on time.

(54:21):
By the way, rented it out to him. A brother
would have to call him and badger him every month
to pay rent. I forgot about the condo. Now matter
what did I tell you? I bought it for two twenty.
It went down to my friends told me sell it?
Did you said, I need some one to stay hang

(54:42):
around nine broke people, You'll be the ten tenth. So
I love you, but I'm not listening to you because
to consider the source you broke. You don't know a
thing about investments, so I Eagles don't fly in packs.
You've never seen a flock of eagles. Buzzes love packs.
Buss always step up on your head to elevate themselves.

(55:02):
Always play, Heyden, never played, congratulated, always got something negative
to say about. Somebody can't take care of their own business,
but they want to have an opinion about yours. And
turkeys have wings and can't even fly. All they do
is profile trying to be something there are not. So
I realized I had to be my own counselor. So

(55:24):
I moved to Atlanta, kept the condo the townhouse. Now
I needed to buy a property. I found a property
in Atlanta. Were seven hundred thousand dollars. I didn't have
seven hundred thousand dollars at that time. I called back
to LA and I said, look, what can I sell
this townhouse for? This was now twenty fifteen, twenty sixteen.

(55:49):
He said, well, I can probably get seven to fifty
for you. I said, excuse me, can you play that back?
He said, I can probably sell it for seven fifty dollars,
the same townhouse that I've bought for two twenty and
with down to one sixty, you can now sell it

(56:09):
for seven point fifty. When I can get just i'd
probably get it sold in a month. Cash, oh cash,
he sold it. I understood, now financial literacy, Tax Law
ten thirty one, tax re exchange. You get to keep
that in an account for a year, no taxation. As

(56:30):
almost you're reinvested. I reinvest in that in the property
in Atlanta, which is now worth several million dollars. I'm
no genius.

Speaker 1 (56:38):
I was just about to ask you about the capital gains.

Speaker 2 (56:41):
And by the way, you pay zero. I got zero
capital gains bases. I paid zero reinvest By the way,
now you get a homewachery line of credit if you
want to take some money out. Just again, good debt.
This is the brilliance of finance. You only get taxed
when you take it out. But if you're making him

(57:03):
This is why wealthy people don't like incomes. If you're
making money, you're getting you're cashing a check that's that's
taxable wages. That's thirty nine percent or whatever. That is
close to forty thirty seven thirty percent. It's the highest
text rate you can imagine capital gains. I have an investment,

(57:26):
I sold it, kept it bankout. That's twenty percent. So
every successful person's goal is to stop making money. So
when Warren Buffett said his secretary paid more taxes than
he did, of course he's right. He doesn't pay payroll taxes,

(57:49):
he doesn't get a check. Did you just get that? Yes,
But we can all the politicians didn't start playing this game.
The rich people don't pay any money, and how could
they not pay tax? No? No, no, no, no no. Seventy
percent of all income tax to the Treasury Department are

(58:10):
wealthy people like me through other forms of taxes, which
includes capital gains tax. Now I'm gonna pay I'm trying
to only pay twenty percent occasionally when I sell something.
If I cannot pay a tax, legitimately, why what you want?
So you get You've already said it. You have this asset,

(58:31):
it's increased in value. You get a home equity line
of credit or some of the line of credit. You
pull the money out through through through a home equity
line which you do not pay taxes on debt. So
long you write debt off and get a tax break.
I hope you got so none.

Speaker 4 (58:50):
You never paid the taxes on the seven feet at
and you don't pay the testes on the equity loan
that you pulled up.

Speaker 2 (58:55):
Well, I'm not telling you my business, right, but you
could be correct, right right right? I heard what so so?
So if you're so a wealthy, wealthy person is trying
to get out of this cash flow making a living,
cashing a check, paying payroll taxes. They're trying to get

(59:18):
out of that. One of my billionaire friends cursed me
out because I brought him a business deal. He said, out,
I'm trying. I'm not trying to make any more money.
Get that out of my face.

Speaker 3 (59:27):
You don't get texted on dead, you.

Speaker 2 (59:30):
Can't get taxed on debt. No, you write it off. Actually,
if it's for business purposes, I mean it's all kind
of games. What did jay Z say on his four
four four album, I'm trying to get your million nights
with a game of nine ninety nine. This is none
ninety nine. This this, this is what they don't teach you.

Speaker 4 (59:47):
So what you tell the person that paid his house
off already refinanced, you know that's.

Speaker 2 (59:54):
I'm glad you said it. I didn't if you paid
the house out are already. It depends where you are
your life. If you're if you're seventy years old and
you want to chill, and you you've got the quality
life that you need, don't do a thing chill. Make
you pay those property taxes. A friend of mine at
the airport told me that her girlfriend bought seven homes

(01:00:15):
on a property tax default in Detroit for nothing paid,
got the homes because they had default in a property taxes.
Paid the prot taxes, but got the homes. Gave one
to her mother and said, mommy, this home is yours,
but didn't teach your financial literacy, said, mommy, just paid
the property taxes.

Speaker 1 (01:00:34):
I was going to ask you about the life. And
she lost the house.

Speaker 3 (01:00:36):
She lost the house cause she ain't paid.

Speaker 2 (01:00:38):
She didn't pay the property taxes. Now, now the house
is gone and their relationship is destroyed because because now
she tried to figure out, how do I forgive my
mother for this unforgivable thing she just did? How could
you not pay the property taxes? So for the lack
of financial financial literacy is like what the right to

(01:00:59):
vote was sixty years ago. A Center to Credit score
is as good as a four year education, and I
think you should get a four year education if you can,
or at least an AI education certificate. But I'm just
saying these things we're talking about here, and there's so
many directions based on I mean, the different doors you're opening,
we could go. This could be a whole series. So

(01:01:19):
what I'm saying, we.

Speaker 1 (01:01:20):
Told you, assistant, you got to come back ten times.

Speaker 2 (01:01:25):
I am. I'm writing it down. I've got no notes.
I'm just I'm just answering. I'm just going where you're
taking me. I'm just trying to bring me that white board. Man,
I want to ask about insurance. Are black boards? Well,
we got it. Yeah, a black guy. You know that.
Do you know the only color you're the color that
contains every color. It's black, the only color that contains

(01:01:49):
every color. It's black. Do you know the racial word
white was made up? We don't time for this car,
don't where about and you play golf? No take too
much time.

Speaker 1 (01:02:02):
I want to know about the insurance game.

Speaker 2 (01:02:05):
Everybody should have an insurance. Come come to the racetrack,
ra in the passenger seats.

Speaker 1 (01:02:18):
Know if you can afford to lose eight pounds.

Speaker 2 (01:02:23):
But I'd love to have you come out and send
it with me the rack. And that's my compliment, by
the way, because that's my happy place. So if I
bring if I bring you out there, if I'm inviting
you out there, means that you're you're the absolute opposite
of toxic. That's my that's forgiver.

Speaker 3 (01:02:38):
We're trying to stay on the gig.

Speaker 2 (01:02:40):
Yeah all right, So so uh life insurance.

Speaker 3 (01:02:44):
Here.

Speaker 2 (01:02:44):
Here's how everybody watching this can be a millionaire in
five years. You're working an hourly job somewhere, you got
too much month at the end of your money, you
just don't hold.

Speaker 1 (01:02:54):
On before you start shut the fuck up. And he said,
five years, John O'Brien.

Speaker 2 (01:03:05):
Everybody listening to this, you can be a millionaire in
five years. I don't care where you're working, don't care
what you're doing. Here's the easiest way to do it.
You started age twenty five, you just got married, or whatever.
You take. You open up a stock account. I'm not
talking no crazy crypto, I'm not talking no whiskey stuff.

(01:03:27):
I'm talking about safe. You want boring stuff. You want
a you want blue chip stocks, you want stuff you
go by the way. It makes easy the stuff you
go shopping for yourself. You go to Walmart, you go
to McDonald's. You like Nikes, you like you like excellent,

(01:03:49):
whatever it is, whatever you're vibing. If you like it,
probably other people like it. You use Amazon, whatever, Buy
that stock right, you can buy fractional shares, by the way,
buy those stocks. Two hundred dollars a month, Do not sell.
Two hundred dollars a month. Do nothing else. In forty years,

(01:04:10):
you're worth one point one million dollars. Do nothing else.
Two hundred dollars a month. The money we waste on
stock bucks, on cigarettes, on one night out of a restaurant,
two hundred dollars a month, do nothing else, you'd be
one worth one point one million dollars. That's not my
five year plan, that's but that's your backup, backup, plan.
So I want you to open a stock account. I

(01:04:32):
want you to get a life insurance policy. If you're
twenty five years old, you can get one hundred thousand
dollars life insurance policy for three bucks. Because you're in
great health, you get a million dollar policy for twenty
bucks a month. A million dollar policy. Now, I'm not
sure how long you're gonna live, but I damn sure
know you're gonna die. So what's the mystery. If you
have a child. Now, I want you to have a whill.

(01:04:55):
Download it off the internet and say, I want this
money from my life insurance policy to go to this person.
You know, a prince is upset. Aretha Franklin's upset. They
because they thought they I'm not gonna die right now.
They die without a will. And folks who didn't I'm
sure the folks who got the money, it's not who
they intended to get the money. I need you to

(01:05:19):
get a will. I need you get a life insurance
policy because that within that you're gonna become you're gonna
create generational wealth. That one act. I'n't got the five
years and million dollars yet that's gonna create generational wealth
for whoever you direct, So between one hundred thousand and
a million. With a you can do a term life
in drince policy if you can't do a whole life.

(01:05:39):
So now you got a will. You have a life
instreance policy. You have a stock account, make money doing that.
You make money during the day. I said, you build
wealth in your sleep, right, So now you gotta live somewhere.
I don't want you going to rent something uptown with
folks that don't like you. With money, you don't have
to impress somebody you don't know about stuff that don't matter.

(01:06:00):
Knock it off. Stop it by hood adjacent. If you're
in Atlanta watching this, I'm talking about from Midtown where
the rich cost it is in my office is one
one building south of the airport. It's a gold mine.
Anything's close to transportation, jobs, economic activity, vitality, and and

(01:06:23):
proximity is a gold mine. Buy it by the worst
house on the best block. Hood adjacent by the worst
house on the best block. No many mansions, no flossing.

Speaker 1 (01:06:38):
No living huh you get no spreads, no.

Speaker 2 (01:06:42):
Spreads by hood adjacent. Buy it, rehabit, live and live
in it three years. Pull equity out through a line
of credit, and he and they they call it old
equity line of credit. You lock pull my out. Buy

(01:07:02):
the next house three blocks away, buy it, rehabit. Not
with Pooky them, not with your cousin. They're gonna mess
up all your money. Pull permit pull you. By the way,
the difference between a hustler and a business person is paperwork. Right,
Please remember that. Write that one down.

Speaker 3 (01:07:20):
So take the equity after the new house.

Speaker 2 (01:07:23):
Equity out of the new house moderately, conservatively, nothing's gonna
cause you the default if things go south, because you
still got to payoff there. You go take the equity out,
get a limited liability el see limited liability corporation. Else
you can do it a one page of twenty bucks
and figure out who your partners are in that. If

(01:07:45):
you need partners, document it because folks get amnesia when
she goes south of the border, and the money when
when either money shows up or the money leads, people
get amnesia. All right, So you need to rationalize to
tell rationalize like people start start history becomes his story
like you need it written down and non emotional. Then
I need to get qualified vendors again. No Pooky nam,

(01:08:05):
no cousins, people who are qualified vendors with.

Speaker 1 (01:08:09):
References license and bonded license in bonded right.

Speaker 2 (01:08:13):
So, and I want and I want you to hire
from our community plumbers, electricians, lighting, roofing, right, and I
want them to rehab that on budget. Are below budget? Right,
then you rent that out.

Speaker 3 (01:08:25):
And you do it twenty.

Speaker 2 (01:08:29):
No, you do nothing about what I do. Nothing but
what I just said in Atlanta twice three times max.
And in five years you'll be worth a million dollars.
You do that. I mean, because a home is gonna
be two fifty, you're gonna buy it for one hundred.

(01:08:49):
You're gonna put fifty into it. It's gonna be worth
two fifty. It's gonna go up to four I think
four hundred. Right, You're gonna do that three times the
equity net of the debt plus the other things you
got going on is a may all not worth plus
your license life insurance proceeds your millionaire and you're working

(01:09:10):
in an hourly job and you just keep rinsing and repeating,
rinsing and repeating. You make its compounding. You make money
during the day. You build wealth in your sleek stocks, bonds,
home ownership, business, real estate, real estate, real estate, real estate,
real estate, waiting.

Speaker 3 (01:09:30):
Your total little two three time.

Speaker 2 (01:09:32):
I've done it seven hundred times. That's trying to get No. No, no, no, no,
no, no no, it's too much. No no, by the way, no.
You said to me, what does the average person do? Understood? Okay,
I'm telling you what anybody can do. I'm telling you
what my mother did. My mother did it seven times.
But you can just do. First of all, just buy
a house. Let's just get like forty percent of is

(01:09:54):
on a home. Were sitting here having a debate about
whether I should own own like this. This stuff's going up.
Why you debating? But there's three things that have never
gone south, gone banned American history. Real estate values, stock
market values GDP of this country. Now somebody watching will say, ah,
I got them. Real estate went down, real stay exploded.

(01:10:18):
It was a recession. Yes, real estate goes up, stock
goes up. There's a recession that means it recedes, got
to pull back and then it corrects above the line.
Every time. What do we do? We sail on the loss,
the DUFF goes down. We financially illterate. But what are

(01:10:40):
my broke friends told me that lane son, that's why
they prove consider the source of the knowledge you're getting.
Here's what I learned. We spend a lot of time
trying to impress somebody we don't want to be like

(01:11:00):
let that digest. We spend a lot of time trying
to impress the three square blocks celebrity.

Speaker 4 (01:11:09):
It's a being people in the world who three square flocks.

Speaker 2 (01:11:14):
He ain't.

Speaker 3 (01:11:16):
Going three streets nobody.

Speaker 2 (01:11:18):
Knows in six weeks sixth Street streets away cares nobody
knows them the next city. But we obsessing about this
little knucklehead we're in fake training change and his peans
down to his ass and got go tevos in his mouth,
and and and and tattoos on the side of his head. Look,
I was giving the speech once and I was at

(01:11:40):
I went, I love going to the roughest school. You
take me to the roughest school, the roughest neighborhood. And
I said, get everybody in in the auditoriums wasn't auditory.
I never said this stuff before. I'm telling you I
went to the auditory. Everybody loud, I tell you, poor neighbors,
and well right, scream and holler. I walked into the
center that the principles with me. I said, please stay here,

(01:12:00):
don't don't go with me. I had a suit off.
I walked into the center of the auditorium and I
stood there for three minutes, didn't say a word. Now,
you guys are smart people. What happened? They what happened?
Did it get louder? Did it get quiet?

Speaker 1 (01:12:18):
I got quiet.

Speaker 2 (01:12:21):
You can hear a pin drop. People like, what's so
with this? You're serious? If I'm serious, they're serious. If
I'm playing around, they playing around. If I'm holding, if
I'm low standards, they got low standards. If I have
high standards. So I walked out, and I stood in

(01:12:41):
the middle of the room and looked at my watch
the second time I looked at my watch dead quiet.
I said, good job. You've now just debunked the myth
that you're stupid, that you're lazy, that you're shiftless, that
you're unintelligent. You don't even know who I am, You
don't even know why I'm here. So now I'm gonna
give you a gift. Please pay attention. And I found

(01:13:03):
the brother in that auditorium who is a ring leader
for the whole situation. The three square blocks. Celebrity was
sitting on the front row with his white beater on,
his pants down his ass like this, with his sunglasses
on in an auditorium. I went over to him, Yo, man,

(01:13:25):
how you doing? What's up? Man? What's your name? Tommy? Man?
What's up?

Speaker 3 (01:13:28):
What's up? Me?

Speaker 2 (01:13:29):
Ask your question? In this example, you're the father you've had,
You've grown up. You have a daughter, you love your daughter?
In this example, oh yeah, man, I have a daughter.
I love my daughter. You do anything of your daughter? Man,
I do anything with my daughter. Will you dip your
damn right? Bro, I die with my daughter. Okay, cool,
come calm down. So now you're in your house. You succeeded.

(01:13:50):
You got your house. Your daughter's in your house. Somebody
comes to the front door, knocks in the front door.
You open the front door. He's got gold teeth, he's
got a tattoo his neck, he's got sunglasses on at night.
You got a wife beater on. He's got his pants
down to his ass. He said, yo, yo, yo, man,
what's up? You know what I'm saying? What's up with something?
You know what I'm saying. I'm saying, I'm here for

(01:14:11):
your daughter. I wanna marry your daughter. I said, what
do you say to him? He said, man, you need
the fuck it. Excuse me, they're getting the fudge off
my porch. You ain't. You ain't touching my daughter. You
aren't getting any work close to my daughter. So when
he said that auditorium did like this, I did like this.

(01:14:36):
It was long, and he was like, yo, yeah. So
I turned him. I said, yo, man, that's your question.
Great answer. Why is it not good enough for your
daughter but it's good enough for you? Turned his whole
life around. We have got to wake up. We we

(01:14:59):
we are geniuses. We've been doing so much with so
little for so long. We can almost do anything with nothing.
But the game we've mastered needs a software upgrade. The
phone you have in your pocket, is it an iPhone

(01:15:21):
sixteen Pro? No?

Speaker 3 (01:15:23):
Sub I kept the old one, which one seven?

Speaker 2 (01:15:26):
Oh you're seven or you're a real capitalist? You keep
getting software upgrades though?

Speaker 4 (01:15:32):
Right once I didd the one time and I know
that they're gonna miss my phone up.

Speaker 3 (01:15:36):
I stopped.

Speaker 2 (01:15:36):
Okay, so I've got a sixteen Pro. I'm a techie.
I loved it. I just got this phone. I think though,
zing let me keep my phone, so I'm not gonna
turn it on as I wanted to buzz. But but
if the phone was on, I go to General, I
go into summary, and I go to software. It shows
eighteen point nine. Now the phone just came out last year.

(01:15:59):
As soon as its phone came out, I got a
notification there's a software upgrade. There is no perfect. Don't
let the perfect become the death of the good. But
even the leading company in the world for phones recognizes
when they made their product it was imperfect. They needed

(01:16:20):
to keep improving it in order to stay on point.
You want to be Netflix, not Blockbuster. You want to
be Amazon or Walmart, not Kmart or Sears. You got
to keep upgrading that software. We're not upgrading our software

(01:16:42):
fast enough. That's why I'm here. That's why I'm the plumber.
I think we're brilliant.

Speaker 1 (01:16:52):
I got to ask you this because I was on
your Instagram and I saw you respond to a video
of a rapper when he had the revelation that buying
design a ship was just want something else. The rapper
where you said assets not on your asses.

Speaker 2 (01:17:08):
Your asset cannot just be on your ass. There you go,
So what's your question.

Speaker 1 (01:17:17):
Is that you you like here, you got it so
quiet and here everybody's listening, just the way that you're
able to connect the things that you know with the
people that you see.

Speaker 2 (01:17:28):
I love my people. I think people can feel that
I love that. I love my people.

Speaker 1 (01:17:33):
And you're the only person in the financial space though
that i've heard as a black person who didn't make
the ship sound like it was hopeless, or made it
seem like it was so out of reach that it's unattainable.

Speaker 2 (01:17:47):
Sometimes people make things complicated so that you don't attempt it.

Speaker 3 (01:17:53):
H m hmm.

Speaker 2 (01:17:58):
I want everybody to win. Why would I make Why
would I want to make it complicated? I mean, why
would I want to make this as simple as possible
as that old Southern saying, put it where the goats
can get it. I want to I want to get
this thing down to a point where everybody can see
the ladder stuck in the ground. I mean, start going

(01:18:20):
up that ladder. Because all of my g all of
our GDP, all of our success depends on this country.
You never had a superpower that wasn't the economic power
at the same time in the history of the world.
I'll repeat that you never had a superpower. Now I'm
gonna now go from the streets to the suites. I'm

(01:18:43):
about to go from the hood to the capitol, from
civil rights to civil rights. There's never been a superpower
that wasn't the economic power at the same time. Think
Caesar and Rome, Think France, Think Germany when it was
falling America today. So in order to be the superpower,

(01:19:07):
you have to be the economic power. What's driving the economy?
Consumer spending? Seventy percent of the economy in the US,
in the UK and developed economy is consumer spending up
until now? It's not look like us.

Speaker 1 (01:19:21):
What are some of the gauges that you look at
in everyday life that kind of let you know what
moves to.

Speaker 2 (01:19:27):
Make America's not a country, she's an idea, So a sentiment, vibe.
What's going public in Wall Street? It's storytelling. That's where
we're bringing at. It's a narrative. Taking a company public
is telling a story. It's a narrative that ends up

(01:19:49):
with somebody wanting to bot you're good brother, right, So
what are you doing in the music business? Your storyteller?
What do you doing with this podcast? Your storytelling? What
a black people genius said storytelling. We just don't understand capital, okay,

(01:20:13):
Artificial intelligence. Nine percent of white folks nine nine percent
of black people don't know a thing about AI. Nine
percent of black people and white people also don't have
a don't know a thing about AI. This is Van
Jones quote. This is going to change our entire life

(01:20:33):
by twenty thirty, not twenty fifty, within five years. I'm
happy to come back and talk just about that. By
the way, but your job, your job, your job, our
cousin's job, are loved one jobs. They're not gonna be
taken out by AI. It's gonna be taken out by
somebody who knows how to use AI. We are most

(01:21:04):
at risk in this situation. Again, I'm talking about I'm
always I'm nosy, I'm always paying attention. We are at
risk because in the spaces where we own the creativity,
we didn't own the capitol. So the music business changed
and we couldn't change with it. So the contracts, the
great signing bonuses, the great publishing deals that's out. Now

(01:21:28):
you're making money on touring and merchandising, whatever andever, and
that's only as good as your ability to keep again,
transacting now. So, as Quincy Jones said, if you think
you're in the music business and you don't own music rights,
publishing rights, and licensing rights, you're not in the music business.
You're a temporary performer. So now look back to AI.

(01:21:54):
So initially AI is going to devastate our communities because
forty percent of are in you know, high school, educate,
kated relative, you know level customer service stuff. You go
to the you go to CBS, Walgreens, whatever convenience store.
You go to a fast food restaurants, always somebody with

(01:22:15):
an attitude, what you want my food? That person's gone
ten years ago. Five years ago, you went to the
grocery store, it was twelve tap tell me if I'm wrong,
twelve tellers, one self checkout test. You go to CBS
Walgreens today, departmise grocery store, one teller, ten self checkouts

(01:22:43):
with one person doing oversight. Mean make sure you don't steal.
You go to the convenience you go to a fast
food restaurant at the airport. Used to be twelve people,
then nine people, then five people. Now you're punching in
your own order and there's two people behind with robotics,
Am I if I total liyet? No, those jobs are gone.

(01:23:07):
You're gonna have three hundred million virtual humanoid AI robots
by twenty thirty, which means they're gonna call you on
the phone, or you'll call them and you won't be
to tell that You're you won't be to tell and
that's not him on the phone. By twenty thirty. By
twenty fifty, in our lifetime, you're gonna have three hundred

(01:23:31):
million humanoid humanoid AI robots, which means walking amongst us.

Speaker 3 (01:23:40):
Why why?

Speaker 2 (01:23:44):
I mean, look, we don't have time with this.

Speaker 3 (01:23:46):
It's just you didn't want to create a human rule back.

Speaker 2 (01:23:49):
No, No, it's it's changed. It's it's evolution. Is technology?
Is capitalism? Right? Why slavery? I mean, we're gonna have
time for Why I can tell you what I can
tell you? How ask God? Why? I mean, I'm just
telling you we cannot sit around and debate this. This
is happening right now, right now. My point of this

(01:24:11):
is the same creativity I mentioned you can't be replaced
by AI. Well, and what you do, the creativity, the innovation,
the leadership, They that all the stickiness, the unique textures
that are Black America. You combine that with the power

(01:24:33):
of technology AI boom, you can create a whole new
level of wealth. Let me tell you how to create
wealth for us without the government we spend all our time.
I said this before. I think I said it on
Cam Newton's show. I actually went viral people. He asked
me about Dede and I. This was I don't know
earlier this year. I don't care about d E and I.

(01:24:55):
We're fifth on the list. All people are fifth on
the list. It's white women and military. I mean, why
are we arguing about Because they want you to argue.
They want you distracted, they want you wasting your time.
They want you to be the poster child because black
people trigger folks and then they can raise money and

(01:25:19):
do all kind of stuff politically on that ignore the noise.
I don't care about d and I kill it. I
don't care about that because what you cannot kill is
a power of diversity. I've already talked to you about
the numbers. That's just a I like math. It doesn't
have an opinion. Again, my rich phrase need my poor
friends do better, if only to stay rich. It's never
happened in the history of the world. So here's how

(01:25:41):
I wrote a business plan for Black America. You can go.
You can go to Dream Forward John O'Brien downloaded, don't
it's free. I've already written it. But here's what it says.
I'm gonna make this real quick. If black people do
nothing but raise a credit score one hundred points and
ten years is worth seven hundred and fifty billion dollars.

(01:26:03):
Now back up, Let's assume we go begging for reparations.
It's worth twenty one trillion dollars of lost wages forty
four trillion dollars. If you've talk about lost opportunity. This
country only has three thirty three dollars a year in
annual GDP. We're the biggest country in the world, but
they can't afford to pay us for reparations. That's never, ever, ever, ever,
ever going to happen. But let's just say what we

(01:26:24):
can get a discount. We're gonna Let's say we get
Let's say this government had some kind of a spiritual conversion,
because they're not giving you anything. They've been this government
is basically said, black folks, you are on your own.
But let's assume they have some conversion and they say, Okay,
we're gonna give you reparations. I've just told you what
they owe us. Forty four trillion. Maybe we get I

(01:26:45):
don't know, three hundred billion, maybe on a good day.
Six hundred billion over ten years. Sounds like a lot
of money. Hold that's aside from them baximum six hundred billion. Okay.
But if you raise your credit score one hundred points
seven fifty seven and fifty billion, and I have to
ask you for a thing. I go to the computer

(01:27:06):
at midnight with a center to the credit score, and
the computer just says, yes. Is I asking your color?
Is I asking your race? Is I asking your agenda?
Is I asking you put who you voted for? It
don't care the AI the computer doants to know? Do
you pay your dang on bills? And if it's less
than one hundred thousand dollars your request? The computer just

(01:27:27):
says yes. How does that make you feel? Makes me
feel just fine. Now you take the credit score, now
and you go buy a house. House that's worth eight
hundred and fifty billion separate from the seven hundred and
fifty billion, So that's a total of one point six trillion.

(01:27:52):
What did I tell your reparations was three hundred and
six hundred billion. Hold at us, Now you gotta go.
You gotta go tap dance and big the government and
hope the Congress and the Senate. I don't know how
long is it gonna take you. I think it gonnake
ten years, ten years best case scenario reparation. I'm gonna
tell you how to do it. I'm just telling you.
Here's your options. Or I can go get my credit

(01:28:14):
straight and I go buy a house. As one point
six trillion, then I can do AI. That's a trillion.
Just talked about that separate trillion. So now we're at
two point six trillion. Here's the drop the mic. Am
I boring you guys?

Speaker 1 (01:28:33):
Hell no, you didn't even got the rappers over there, like,
hell yeah, here's.

Speaker 2 (01:28:37):
The drop the mic. Here's why I want everybody. If
you don't listen to anything I've said, please listen to this.
There's one hundred and fifty one hundred and sixty trillion
dollars of wealth in America. Fifty trillion dollars of that
has been created since a year two thousand, fifty trillion,
fifty trillion in the last twenty five years out of

(01:28:59):
a hundred and sixty three dollars of wealth for the
first time ever. Demographics have changed. You got more people
over sixty five than under age eighteen. Yeah, those under
eighteen look like us, all over sixty five, white, wealthy,
trying to go play golf. All at the same time,

(01:29:23):
it's gonna be one hundred trillion dollars of wealth transfer
to inheritance in the next ten years. So the wives,
the husbands, the kids can give the stocks, the bonds
of cash, the houses. They don't want, the businesses too
much work. That's fifteen You a step ahead of me.
There's fifteen trillion dollars of successful. Please listen to this

(01:29:50):
successful cash flowing real estate, having customer trust, it branded
with equity. There's nothing wrong with him. There's no succession plan.
They didn't need somebody to buy it. I'm joking, but

(01:30:11):
I'm serious. Go meet you a white friend, Go meet
you an Asian friend, Go meet you. I don't care
what color they Go meet you a black dennist. I
don't care. Go meet somebody not broke. Please. Every day
you driving the freeway on the street, look up at
that office building, those little windows. That's a dentist's office,

(01:30:32):
next to a chiropractor, next to an architect, next to
a law firm. Those are businesses you see though, Whoever,
whatever town you watching this in You in Columbus, Georgia.
Who's the biggest plumber in Columbus Georgia. You don't need
the biggest plumber in Georgia. You don't need the biggest
Georgia plumber in the in the southeast. You don't need
the biggest whatever in the country. No, No, who's the

(01:30:54):
biggest electrician in Columbus Georgia. Who's the biggest dentist in Columbus?
And listen to me. I hope you This is the
most important thing I could say today. Fine, in Columbus Georgia,
the dentists or the plumber who's got three offices. By
the way, it's a multi million dollar that's a multi
million dollar business. Everybody knows. Go to this dentist. You

(01:31:16):
can't AI plumbing, can't AI electricians, right, don't hate on plumbers,
don't hate on the trades. It's they're kicking good. Go
make friends with that person who has no friends in
their family. Go to lunch, go to dinner, invite them
to your house, then invite you to this. By the way,

(01:31:39):
we might improve race relations by accident, right, because races
all that's a whole other conversation. Race is literally made
up social It's all about power and money and a
cast system. But that's a whole nother conversation. When I
come back, come back, Okay, So with then that you
keep you want to come back? Huh? I like that.
You keep me in. Ain't nothing you want to come back.

Speaker 1 (01:32:01):
The neck when you come back, we're gonna have to
board and all this shit.

Speaker 2 (01:32:03):
There we go. So eighteen months, basually eight eighteen months,
are you hanging out with this dude or lady? Maybe
like and you're gonna say, look, do you have any
plans for this business? You're like, well, my kids don't
want it, my family they don't want they don't want
to do this. I'd like to buy it. Can you

(01:32:24):
afford it? Well? How much is it? The broker said
that this thing is worth about five million dollars. I
don't have five million dollars. I got a hustle, I
got a heart, I got a head, I got I'm
willing to work from cancer the morning, can't see at night.
I've got sweat equity. I'm willing to commit. I'm willing
to sign on the dotted line. Can you carry back
the paper? Sell her for the answer, I'll go to

(01:32:46):
the bank. By the way, please listen to me. If
you're trying to do a you're trying to do a
startup for a taco stand or a startup for a
pizza We love starting restaurant. You want to do a
rest twenty five thousand dollar go fund me campaign, It's
gonna go broke eighty percent of the time within three years.
Why do that? By the way, and when you sign
on the dollar line, you personally guarantee it. Go buy

(01:33:07):
this five million dollars house buying dollar business I just
told you about. Go to the bank. They'll finance the
bank are private equity on Wall Street will finance eighty
to ninety percent of that purchase price on what's called
non recourse debt. No personal guarantee. Why because they're using
the you said it equity and the cash flow of

(01:33:28):
the bus business that's collateral. And then the seller will
take back some of the paper that you can't get
and then you'll they'll give you he or she will
give you two years to five years to pay him back.
And by the way, it's no get off his nose
if you don't. If you default, he gets it back anyway.

(01:33:49):
But it's free game for you. This is if there's
nothing anybody else heard me say, buy a home, go
buy a successful business, start a stock account, get a will,
get a life insurance policy a termine, by the way,
and please, please can we stop asking people to do
go fund me campaigns where somebody who has died it drugs.

(01:34:13):
This drives me out of my nuts, my absolute mind.
If you have if you have a health policy, nuts
right now. If you have a health insurance policy. In
the details of most every health policy is a death benefit,
cash benefit twenty five thousand dollars. Please can we please

(01:34:34):
stop begging to beg somebody with a god fundme, use
a gofunding campaign to raise capital for business or something.
Not the barriers. Please stop it. There is a life.
Go home and read your life insurance policy, your health policy,
not your life true your medical policy. If you work
for somebody, In most respective policies, there is a in
the fine print, there's a death fit. If you die

(01:34:57):
or somebody you get twenty five thousand dollars to bury them.
Sometimes this is financial literacy. That's why I call it.
We got to make smart sexy, man. We've been making
dumb sexy for way too long. We've dumbed down and
celebrated it. We've got to make smart sexy again.

Speaker 7 (01:35:16):
Look, hold on, before you get out of here, I
got to know these part Come on, hopefully take you.

Speaker 2 (01:35:22):
Back all right?

Speaker 3 (01:35:23):
Can you think I forgot? I forgot.

Speaker 2 (01:35:25):
No, you don't forget when you started a busage with thirty.

Speaker 1 (01:35:29):
Dollars and you making three hundred a week?

Speaker 2 (01:35:33):
Yeah, you want you want to? You want to.

Speaker 3 (01:35:35):
I want to know your mentor your game.

Speaker 2 (01:35:37):
Okay, can I break that down? Yes, sir so, so
I told you about you know what got me there right?
Saw the murders? Whatever I told you it was in
the classroom. And one of the reasons I think I
don't have any drama with white people is my unfortunate
people in our neighborhood they get thrown against a patrol
car by a police officer who was white. That was

(01:35:57):
their first negative experience. What my experience was. There's white
banker who taught me about money. It was not negative
at all. He answered my questions the white teachers bought
whatever I was selling through mail order, so that was
a positive. So my first experience with the white people
was not a negative one that helped in my situation.
So now, okay, now I've been told about this capital
thing and how it works. So I started going home,

(01:36:19):
and I walked home, and I saw the nail salon
on the way home. That's a business. I saw the
muffler shop for the first time. Okay, that's a business.
I saw the barber shop. Well, hey, that's a business.
These are all capitalists. I saw the gas station. Was
that everything is a business, right, It just clicked. So

(01:36:43):
on the way home, it was this liquor store, Max
Liquor Store, owned by a black man, mister Mac six'
to two good. Brother he owned this liquor, Store Max Liquor.
Store it was down the street from my. House my
house at one five firebo Two South. Freeley this is
An atlantic in the laundru right down the. STREET i
walked up mister, MACNE i, said Mister, MAC i didn't

(01:37:03):
know the word joint venture back. Then become the king
of joint. Ventures, now mister, MAC i want to be your.
PARTNER i wanna you. KNOW i want to partner with
you in the candy hit a candy counter glass where
he seld candy in the middle of the liquor store
and he, said come over, Here i'll gave you a
job selling the. CANDY i don't want a job selling the.

(01:37:25):
CANDY i want to be your. Partner, no, no, no. No,
Look i'm gonna give you top. Dollar Like i'm gonna
pay you like seven bucks an hour fast then that was,
everything and you gonna make, money more money than anybody
in the. Neighborhood i'm gonna pay you top. Dollar you
got gift for gab you can sell. Us come over,
here sell my. CANDY i don't want to sell your,

(01:37:48):
candy mister. MAC i want to be your. PARTNER i
want to be an. Entrepreneur, well that's really. Funny you're
telling the wrong kind of, candy. Sir well, No i've
got a college, Degree i've got. Cavities i'm nine years,
old that's going on. Ten i'm telling you you're selling
the Wrong the only reason that they're they're buying from.
You you have no. Competition you're not even on the

(01:38:10):
way to, school.

Speaker 1 (01:38:13):
Not even.

Speaker 2 (01:38:13):
Convenient you're not even. Convenient we gotta we gotta walk
out of the. Way school's that. Way we gotta walk
out of the way to come to your liquor. Store
and we come into a liquor store to buy. Candy
i'm trying to save. You what do you? WANT i
want to be a box? Boy he, said that's the

(01:38:34):
worst JOB i. Got that's the ONE i. Want, okay
so he hired. ME i went to the coal. Box
you know when you open the box and you get
the beer out or, whatever the person pushing it the
inventory from behind in the. Cobox that was WHAT i. Wanted,
now you guys are really. Smart why the heck WOULD
i want that job.

Speaker 3 (01:38:57):
At running? Back BECAUSE i Like queens box.

Speaker 2 (01:39:00):
Boy the box, boy the box. BOY i love that
yourself made the box boy opens the inventory. Boxes, okay
WOULD i tell you different between a hustle and a? Businessman? Paperwork?
Paperwork where's the paperwork in the in the?

Speaker 1 (01:39:16):
Box so now you got the whole nowt.

Speaker 2 (01:39:20):
Work you learning the. Game So i'm opening the box
and getting this and getting the paperwork and seeing where
he bought the, Candy, Yes, islands food, store smart and,
Final that's Where i'm. Going this is where his hostale rate.
Is this is what his retail rate. Is it's the wholestale.
Rate what he's. PAYING i know what he's selling it.

(01:39:40):
For my mouth is like the difference is. Profit SO
i quit in three, weeks went, home, called went to my,
mother SAID i need a. LOAN i, need ACTUALLY i.
NEED i told HIM i need forty. Dollars she said
for WHAT i, said to start a. Business she, SAID
i don't have forty dollars to give you. Money life's.
TOUGH I i loan you forty. Dollars you got to

(01:40:02):
pay it, Back, mom you. Gangster. Yep she borrowed for
a barrow three. Dollars she, said where are we? Going
she would not let me go any place by my.
Mother my mother was the. Janitor my mother was a
security guard at the substitute teacher at my. School when
she got laid, off If donald was the, aircraft she
didn't go on. Welfare she came to my school and

(01:40:24):
asked what job was available because she was gonna be
all over her kids. Ass she told me she loved
me every day of my. Life that's WHY i had
had no self esteem. Problem she was always on my
so she took me Too smart And final In irish
food stores owned by A jewish family In. Compton and
this story comes full circle by the, way that family
was very. Sweet oh nice kid me a school. Project

(01:40:45):
you want to start a? Business? YEP i didn't care
what this?

Speaker 1 (01:40:47):
Day?

Speaker 2 (01:40:47):
Yep, yeah school? Project yeah, sure because she. DID i
didn't have a business. PERMIT i. Didn't they. Couldn't you
couldn't ask me difficult. Questions oh, sure what do you?
WANT i want to buy this candy WHICH i know
my friends, like AND i need some. Racks, okay here's
the racks for. Free well we'll say the. Candy come.
Back when you sold. THAT i went home ate through
half the. INVENTORY i lost my. MIND i stopped eating

(01:41:12):
my own on. Supply but here's a miracle with the
other part THAT i didn't. EAT i sold it and
still had a. PROFIT i, said, oh my, gosh. Money.
Yeah so If i'm making money And i'm running a sloppy,
business what would happen IF i tightened? Up SO i Went,
baltimore came, back did not eat any more of, it sold.

(01:41:33):
It six weeks. LATER i was making three hundred dollars a,
week AND i put the liquors out of the candy.
BUSINESS i warned, THEM i, said partner with me And
i'll save. You but he didn't pay any attention to,
me and SO i didn't argue with. HIM i didn't
scream at, HIM i didn't curse at. HIM i just.
Competition BECAUSE i was right on the way to, school

(01:41:55):
a neighbor candy house opened the din of my house
right right there on the corner on the way to.
SCHOOL i cleaned his clock six weeks ONCE i had.
That once that light came, on no one could stop.

Speaker 1 (01:42:06):
Me, man this has been an amazing. Experience we could
literally sit.

Speaker 2 (01:42:11):
Here and talk all.

Speaker 1 (01:42:12):
Night everybody in his is in awe is in fest.
Fascinated right, now we got to get you to sign
the table.

Speaker 2 (01:42:18):
Though Oh i'll be, Honest so, look anybody watching. This
i've Created Operation hope to do financial coaching and. COUNSELING i.
RAISE i raised about sixty, million seventy million dollars a,
year SO i can do it for, free, okay AND
i have fifteen hundred offices across the. Country i'm on your,
app you Gainst hope in hand. APP i don't want
a thing from you except your. Uplift you can you

(01:42:39):
can because of these. Brothers you can you. Can you
can go online sign up the. Coaching i'll give you
a thousand dollars coaching scholarship right off the. Bat we're
gonna get your credit score up fifty four points in six.
Months we're lower your debt thirty eight hundred, dollars will
increase your savings twelve hundred. Dollars you make it forty
eight thousand dollars a, year which is the average for
us that changed your whole. Life you make fifty thousand,

(01:43:01):
dollars AND i raised your credit score fifty four points
to one hundred. Points i've lowered your debt thirty eight hundred.
Dollars i've increased your savings twelve hundred. Dollars the bank says.
Yes my whole goal is get the bank out of
the no business and back into the yes, business because
they can't make any money unless they say yes to
somebody for debt for a lot of. Them, now somebody
washing this Min i'm gonna, Sign I'm i'm gonna do

(01:43:21):
do your. Said but this is a very important. Point
So i'm gonna get all the taboo out of the.
Way somebody washing this, saying, oh banks are. RACIST i
got a cousin who's. Racist you need you, need you,
need need to go to the, bank like we're gonna
start blaming. PEOPLE i got bums in my OWN i
call it the bum. Factor twenty percent of white folks are,
bums twenty percent of black people are. Bums only twenty

(01:43:44):
percent Of republicans And democrats are. Bums twenty percent people
of my family are. Bums i'm just being generous and saying.
Twenty the point is we don't need to. Eat if
pointing fingers is the game we're, in you don't need
to point all the way over. There we can point
right over. Here so that's knocked that, off. Right so
are our banks races in the twentieth, Century, yes they.
Were they're owned by. Families The joe family had a.

(01:44:07):
Bank they're racist as, hell and they didn't and they
didn't want to loan the black. People completely. True, Today
Wells fargo is owned by. Me if you have a
four oh ONE, k you you Own, Welles Farago bank Of,
America Santander, bank you Own City. Bank it's called a
pooling of assets of. Stocks you don't even realize if

(01:44:28):
you if you have a four to ONE k. Plan
if you're a stock plan and you're buying the index
of the biggest stocks you own all it's publicly. Traded
so is there a person in the bank that's? Racist,
yes but what DID i tell? You if you credit
you get your credits carded a seven, hundred you're not
talking to that. Person you're talking to the computer at. Midnight,

(01:44:53):
yes so.

Speaker 4 (01:44:54):
You ain't even got to go in the bank.

Speaker 2 (01:44:57):
Now, YES i want you to get your credit score.
Up that's what my team's gonna help you. Do nothing
changes your life more Than god or love than moving
your credit. Score one hundred and twenty points got you
your days out About. GOD i love your days about.
Money and when it when you guys finished working, out
you go to the club and you party and that's

(01:45:18):
cool and you, say oh, man she's, fine and then
the in the guys the guy, said, oh oh she's,
fine and the ladies, said, oh he's so, handsome asked
what's the.

Speaker 3 (01:45:29):
Name as what was a credit?

Speaker 2 (01:45:31):
Score damn? Right AND i am nothing but.

Speaker 3 (01:45:35):
Serious, serious you heard.

Speaker 2 (01:45:37):
IT i don't want to five nothing. Six we made you,
work you.

Speaker 1 (01:45:44):
See i'm gonna put it.

Speaker 2 (01:45:46):
In that class. Class she's. Fine, enough you put it
in the. Class give her one of my, scholarships and you.

Speaker 3 (01:45:53):
Gave me six. EARLIER i was, like what the.

Speaker 2 (01:45:55):
Boy by the, Way i've been four, Hundred i've been five.
HUNDRED i was on the bankrupt WHEN i was. EIGHT
i was homeless WHEN i was eighteen years old At
latier And airport In Los, angeles lived in my g.
It so we didn't get to go to that. Story
BUT i, mean whatever the situation, is people are. Listening
i've been. There so. Yeah my credit score is you,
know seven eighty, now but and it used to be eight.

(01:46:17):
Hundred BUT i KEPT i carry all this debt from
my companies whatever on my. Bag but it's. Fine MY
amex is like six figures every month my black, card
so that that drives down my credit. Score but BUT
i have been four, HUNDRED i have been five. HUNDRED
i have been all, that so we can all come.
Up this is all, curable, RIGHT i. WAS i was

(01:46:38):
on the earth to earn your, lead lead your. Brothers
they're talking about historic, racism, discrimination credit, SCORE i, SAID i,
said what about credit? Score is? It you, know, like
what pay your damn? Bill? IT i, mean did you
did you pay for the car note or did you?

Speaker 4 (01:46:50):
Not but did you take the money and, say hold,
UP i thought all these.

Speaker 2 (01:46:54):
People running around, them oh they got The bentley, Right
And i'm, like and then creer working the way they.
Want all of a, sudden the bank's. Racist the bank
wasn't racist when they gave you the. Loan but now
when the bank wants their money, back now the bank's.
Racist just pay them, back give them the car. Back
like why is this a? Discussion, like let me tell you

(01:47:15):
Some IF i loan you some money and you don't
pay me, back you'll be calling me. Racist we want
you to sign a, gift.

Speaker 8 (01:47:28):
Not.

Speaker 2 (01:47:29):
Ticking is it some?

Speaker 3 (01:47:31):
Money? Man what that?

Speaker 2 (01:47:32):
Suit AM i opening?

Speaker 3 (01:47:33):
This?

Speaker 2 (01:47:33):
Now you open when you want. To when people don't
normally give me, something people normally asking me for. Something
this is? Hot, yeah okay, talking, okay you guys are.

Speaker 1 (01:47:45):
Class you might be jumping off of jet or. Something
you might need a sweat suit or something. HOT i
will wear this man nice hat of.

Speaker 2 (01:47:53):
Something this is. Classes, yeah wear my travel thank you very. Much.

Speaker 1 (01:47:58):
Now the catch is this outfit is two hundred and
fifty thousand.

Speaker 2 (01:48:01):
Dollars hold, on no, no hold on, no, No i'm sorry,
It i'm.

Speaker 1 (01:48:11):
Hi.

Speaker 2 (01:48:12):
No you, see he thinks all this is. Normal with
all due, RESPECT i didn't hear word you. Said we
on live whatever this, is and my brother is broken
out a star foam. Situation won't wear my. Mom now
you're gonna ask you for something you Want when you
were praying on your food and put it in your,
mouth you didn't ask me for a.

Speaker 3 (01:48:33):
THING i, waited we were, hitting we were. You we're
talking to that PERSON.

Speaker 2 (01:48:37):
Dc you fucked.

Speaker 5 (01:48:38):
Up i'm trying to get that you want to finish.
Out you're fucked up, person, Man because, SHIP i would
never do you like, that good.

Speaker 2 (01:48:44):
BROTHER i. WOULDN'T i wouldn't not. Me i'm just SAYING
i appreciate THAT i wouldn't even do. You let me
tell you what you're running, back you get Your let
me tell you what going. On you would go what
it wouldn't even like he was talking but. Interrupt let
me tell, you first of, ALL i love that you.

(01:49:06):
Prayed but let me tell you why he's gonna be so.
Successful he's got something figured. Out charity starts at home,
exactly the best way is to solve poverty and start
by not being. Poor. Yourself even if you want to
distribute money like a, socialist you're the first collected like a.
Capitalist that brother made sure he was. Eating he make

(01:49:29):
sure he wasn't. Hungry he, Was i'm make it around
in my. Food he was eating. His that self, determination
that self, reliance that do for. Yourself make sure that
you are, cool that's the first that's the first element of.
SUCCESS i had to learn. That ain't nobody gonna take
care of you like? You that's. RIGHT i like, you,

(01:49:50):
guys no.

Speaker 1 (01:49:51):
Problem you more than what we. Got any questions, Anything
John Hope. Brand ladies and, gentlemen make sure you hit the,
website get those, resources get your credit.

Speaker 2 (01:50:04):
Score running his. Back he dropped a.

Speaker 1 (01:50:06):
Lot of gyms in this one right. Here, man we
really appreciate you coming. Out we done have a lot
of brothers to come through. Here but for, somebody for
your stature to come through here and tell us some of.

Speaker 2 (01:50:15):
The right, shit that means a.

Speaker 1 (01:50:16):
Lot because you didn't Have.

Speaker 3 (01:50:17):
Tom in this printer van by. Hisself he's gone sixteen. Pages,
well who else.

Speaker 2 (01:50:23):
Was in there? With taking? REASON i ain't, quiet, BROTHER
i understand that If i'm doing a conference call with,
somebody it has to be. Confidential i'm taking care of.
Business it's. Confidential If i'm trying to, CREATE i. CAN'T
i can't. Create and a bunch of noise AGAIN i.
WILL i will let you mess over my money one.

(01:50:45):
Time you can't mess over my. Time so that's my
mobile office out. There that's So I'm i'm. ON i
did a lot of stuff between my office and. Here
that driver that's out, There i'm glad to give, him
by the, way give him employment whatever his Brother. Marvin
he's making me. Money he's allowing me to build wealth

(01:51:05):
BECAUSE i am using the time while he's. Driving it
used to be that it was more efficient for me to,
drive but WHEN i was, hustling he was more efficient
for me to drive myself. Around but THEN i got
the point WHERE i was on the. Phone i'm, distracted
you know, Me i'm a danger to myself and everybody.
Else And i'm not being. EFFICIENT i can't focus on.

(01:51:26):
Anything it got to a point WHENEVER i got to
the point WHERE i had enough capital. GAINS i had.
Enough let's call it a liquidity of. Liquidity by the,
way another Jewel black people to stop getting emotional about.
Business the whole point of building a business is to sell.
IT i will repeat. That the entire point of building

(01:51:49):
a business is to make it valuable and to sell.
It you want a liquidity. Event now you're get reinvest
that if you, like or give philanthropy or do what you?
Want what what some of somebody again in the, comments you,
Wrong amazon didn't Sell walmart didn't sell you? Fool what

(01:52:13):
do you think a publicly traded company? Is it's being
sold every. Day it's called stock sales and. Purchases it's called.
Shares we use some stop. Man so so you you
build a, company you build it, up and you get
an a liquidity, event and that's called clipping up coupon On Wall.

(01:52:33):
Street Wall street gives you the compliment of, SAYING i
value independently value what you have. SOLD i have auto in.
Financials by the, way that's a whole other conversation about
the benefit of having again. Paperwork so we not not
not that you value, it We Wall street independently. Value
so WHEN i sold a company for over one hundred

(01:52:55):
million dollars and clip my coupon On Wall, street what it?
Was it also matter who bought, it so it was
an institutional purchaser, right and THEN i got A tunic
mini dollar line of, credit making me one of very
few black people to ever have a line of credit
of one hundred million.

Speaker 1 (01:53:09):
Dollars and that was not how you sleep at that?
Night you didnet did the business all, day? Right you
didne did the business all?

Speaker 2 (01:53:17):
Day to check.

Speaker 1 (01:53:18):
Clear you're looking at the you see, that you see
the ms in.

Speaker 2 (01:53:21):
There how did how you? Sleep when when the deal?
Closed when the deal, closed when that deal, closed one
hundred and twenty one million before the million dollar, DEAL
i was At Taco bell in the drive. Through it
was three o'clock in the. AFTERNOON i ordered at number.

Speaker 1 (01:53:41):
Three i'm about to start fucking with that number.

Speaker 2 (01:53:44):
Three it's just it was just another it was just another.
Day it was another. MOMENT i don't do it for the.
Money it wasn't about the. Money it was throughout the
achievement AND i wasn't really, thinking folksing on the money
that came to. ME i want to make sure that
the bankers got, paid my investors got their money. Back
plus in, return the, contractors the, attorneys they were attorneys

(01:54:07):
earned a million dollars off that. TRANSACTION i wanted to make,
SURE i had partners and relationships for. Life who knew
that When John brant calls you about that, bread you
know it's you know it's. Legit. Man basically you got
out of, number don't don't. Leave so SO i wouldn't

(01:54:28):
doing it at. All but WHEN i did, that tuny
me a credit facility with non recourse debt with bearings
that said something about me as is a businessman being an.
Operate thank. You so.

Speaker 3 (01:54:46):
THAT jj saw. That she get your.

Speaker 2 (01:54:48):
Throat, yeah it's. Serious so you, build you build a
business up so that you could have a liquidity event
and sell. It i'm about to start a. BUSINESS i
can't talk about the detail right, now, okay but in
a month you'll. Hear a month or, so we've announced
the business that at its start will be three times
larger than the real estate business THAT i sold was

(01:55:11):
WHEN i sold. It BUT i couldn't have DO i
couldn't have done the the one that's three times larger
with a Partner i'm doing with HAD i not done that,
one done the first one and sold.

Speaker 4 (01:55:23):
It because he wants to be in business of you sell.

Speaker 2 (01:55:26):
It he wants to be in the new, company wants
to be in business with somebody achieved the, goal the
goal of the LAST i, did the last business that
put me in a league. Uppeal in order to do
a billion dollar, deal you have to be able to
do one hundred million dollar.

Speaker 3 (01:55:43):
DEAL i can't trust you that.

Speaker 2 (01:55:46):
PART i hope you learned something.

Speaker 1 (01:55:52):
TODAY i hope you listen to every word. Missus John hope.

Speaker 3 (01:55:57):
Right you might want to go and business and buy THE.

Speaker 1 (01:56:03):
Dc gonna show that he don't even. Know that's how
cold my button. Is he at has ship to do
with JJ's about to. Study i'm gonna bring.

Speaker 3 (01:56:12):
J j some, money nigga money what you call him.

Speaker 4 (01:56:15):
By Natural john And John john And John john mortgage,
Broke Johnny john mortgage.

Speaker 1 (01:56:24):
Brokes come, on, man come on, man, listen, man this
is Eighty Fast South show. Up you never know who's
gonna stop through. There Eighty Fast South, SHOW, Dc Young
Fly john. O'Brien we have it, here no, cats but
we gotta get you to side on the table this
version of The apollo.

Speaker 2 (01:56:43):
LONG i need. ONE i have one, Paper. OKAY i
need to know that you guys got something out of. This.
Absolutely you don't have a question for, Me just tell
me one thing because this was my even. RIGHT i
didn't get to see my, WIFE i didn't get to
watch my. MOVIE i didn't get to. KIELD i don't
do stuff in the evening like. This That's i'm working for.
Myself SO i want to know this was worth it for.
You can you just tell me one thing that made

(01:57:04):
it worth it for you, guys And i'll sign your
table to whatever you want to.

Speaker 1 (01:57:07):
Do my rich friends need poor people to get rich
at least to stay.

Speaker 2 (01:57:14):
Rich real talking.

Speaker 1 (01:57:18):
Loving your credit score one hundred, points.

Speaker 3 (01:57:20):
You're gonna take all the.

Speaker 1 (01:57:21):
Points goddamn, no but ber this shit got.

Speaker 2 (01:57:23):
ME i can't wait till. TOMORROW i can't wait till
tomorrow to get my point saying to go he ain't on.
Me that was my. Point go, AHEAD i gotta think a.
Point go, ahead we'll come back to. YOU i got
an we'll come back to, you like.

Speaker 8 (01:57:41):
Uh life insurance and buying a house was like, real
you know What i'm, Saying like you, said they tell
us you don't want, it BUT i always, say we're
gonna whatever they tell.

Speaker 2 (01:57:53):
Us ain't for, us you know What i'm.

Speaker 3 (01:57:55):
Saying SO i knew.

Speaker 2 (01:57:56):
Something was, Up so break down.

Speaker 3 (01:57:57):
That, yeah that hyped me.

Speaker 2 (01:57:58):
Up like, literally if you see somebody ON cnbc telling
you that you that this generation should not they even
Telling white he was. This by the, ways they're not
discriminating this generation and should not own a. HOME i
want you to do a search of that WITH. Ai
you can Do you can do. This, now does this
person own a? Home AND ai will do the research

(01:58:22):
in three, seconds pull up property records and say they
own a. Home here, HERE i guarantee you there's a
million proper millionaire has real estate in their. Portfolio he got,
it he got.

Speaker 1 (01:58:33):
It go, ahead slat.

Speaker 2 (01:58:36):
Yeah school's in, sessions, brothers Missus.

Speaker 4 (01:58:39):
Judd one of the biggest points you stayed at the
night was.

Speaker 2 (01:58:44):
Self.

Speaker 3 (01:58:45):
Esteem, yes, yes that's how we got to.

Speaker 2 (01:58:48):
Start.

Speaker 4 (01:58:48):
First we got to look within ourselves and look within
others and know that we can be great because if
we don't love, ourselves we ain't gonna love each.

Speaker 3 (01:58:56):
Other that's.

Speaker 4 (01:58:56):
Right AND i don't even like using the world broke
could that's kind of like a a poor man's, mind
like a poor man's. WORD i just like to, say
bro you're not. Broke you just got insufficient. Funds you
see What i'm? Saying we all can got the mental
ability to be able to take ourselves or.

Speaker 3 (01:59:14):
Elevate you don't want to be. Broken broken mean you're,
broken you just have insufficient.

Speaker 4 (01:59:19):
Funds BUT i think like if we start loving each
other and love ourselves and build self, esteem.

Speaker 3 (01:59:25):
That's one of the biggest. Issues everything else is just.

Speaker 2 (01:59:28):
Flow the.

Speaker 1 (01:59:30):
Leverage that's what stuck, out the, leverage and like you were,
saying it's a lot of, this you got to. Refocus
it's a lot of, distractions it's a lot of, noise
it's a lot of. Bullshit but when you when you
got a goal and you got a plan like that
should nothing to be able to distract you from, that
so long as you stick to the same shit that

(01:59:51):
got you. There like you were, saying with the, houses
they don't take seven. Hundred you do this shit three.

Speaker 2 (01:59:56):
Times that's. Right you know What i'm, Saying.

Speaker 1 (02:00:01):
Fuck all the other, shit stay, focused don't let nobody
tell you that it can't be.

Speaker 3 (02:00:05):
Done that's.

Speaker 1 (02:00:06):
Right take some, chances take some, risks but then still
applot of. Information so that's you didn't specifically say, leverage
but that's what stuck out to.

Speaker 2 (02:00:15):
Me, well using what you, had, leverage your, knowledge leveraging
leverage a, network neverge leverage your, relationship capital leverage, leverage
good debt, leverage good opportunity leverage your. Community know how
you know this community better than anybody? Else?

Speaker 3 (02:00:29):
DOES i?

Speaker 2 (02:00:30):
Mean why is somebody walking in our neighborhood and buying our?
Shit by the, way don't be hating on somebody coming
in your neighborhood talking about. Gentrification, look read a. DICTIONARY
a dictionary definition of gentrification is a movement to middle class.
Values don't know shit to say about some. Race nothing

(02:00:50):
to do with the. Race you want a community to
grow up to middle class. Values and if you had
a chance to buy the house in your neighborhood for
the last twenty, years why are you upset because some
smart white person Or asian person had enough sense to come,
in buy, it rehabit and read. It look if you

(02:01:10):
see a white person with flip flops and short pans
on riding a bicycle in the nigh but that's not a.
Tourist they live there and probably own some. Shire we
upset with them for doing what we wouldn't. Do wouldn't.
Do knock it. Off they should be applauded and by the.
Way if they, go if they're living there and paying property,

(02:01:31):
taxes it's raising your property. Value you go buy the
one right next to. Them, like the color is not
black or, white or red or. Blue please hear, me
the color is. Green that's why WHEN i, STARTED i,
said you're not a black, Businessman you're a good businessman
who happens to be. Black you want everybody's, dollars you

(02:01:52):
want everybody to be your. CUSTOMER i walked through life
consciously oblivious of most things around me because it just don't.
Matter people just wasting your damn. Time that's Why i'm
Only i'm the only person that damn sprinting. Man nobody's
wouldn't waste my. Time i'm ruthless about my. Time WHEN
i call, somebody that's. Intentional when And i'm talking to,

(02:02:17):
Somebody i'm sharing my, Energy i'm sharing my. Frequency that's
the highest coming IT i can give. You we have
a lot of low frequency crap going on man in our,
lives and it's just it's. Toxic I'm i'm y'all can do.
IT i ain't got no interest in. It so people
don't even know When i'm ignoring. THEM i see people

(02:02:39):
all day all. Night, hello how you? Doing, yes, yes,
yes you have no idea WHAT i have already made
an assessment WHEN i meet. You that's a thirty percent.
Person you wanna get one hundred percent and thirty, percent
but thirty percent of means all you can. Handle so
you thought you got one hundred percent of one hundred
percent still. Driving so when you meet, somebody preferably a,

(02:03:03):
mate when you meet a mate business, partner and you
experience eighty, percent if you get that lucky and you
want to give them one hundred percent of eighty percent.
Back now you've met them at they met, you and
you met them at the. Right that's called high. Frequency
there's no, noise it's. Clarity that's a giver and a.
Giver too much of our, Stuff, man it's down, here noisy,

(02:03:29):
shit low frequency. Drama people wasting your damn. TIME i
SAID i was, Finished inn't?

Speaker 3 (02:03:40):
That?

Speaker 2 (02:03:40):
Yeah and when you got the, power you don't got
to use. It yeah you have either of you have
anything that that you got from, This it's okay if you.
Don't one of the big things is the.

Speaker 7 (02:03:52):
Reparations and like how you basically made the metaphor for not,
metaphor but reparations versus action basically trace for a hundred.
Ones the difference between two. Dope same THING i always
get is that buying a business like buyding, business finding
somebody that has a successful, business eating neighborhood, whoever befriending.
Them they don't have a succession.

Speaker 2 (02:04:12):
Plan they're either. Business my question is.

Speaker 7 (02:04:17):
You said business is basically building and, selling.

Speaker 2 (02:04:20):
Right the purpose of the business is to build, value
to monetize that value and have a liquidity event which
you only get by selling.

Speaker 3 (02:04:28):
It, well you can.

Speaker 7 (02:04:29):
Recapitalize but If i'm buying in business already the same
process or buying to keep This.

Speaker 2 (02:04:35):
So this is a Great this is a great. Question
so let me explain capitalism for you for a. Moment
CAN i have two? Minutes it's, Okay so let me explain.
Capitalism AND i didn't do this, before So i'm glad.
Youations this is what we take personal and it drives
me nuts when people start jamming up to be real

(02:04:56):
blunt My jewish brothers and sisters because they're great. Negotiators
oh you know This jewish. Guy you know he messed
me out of my record recording. Contract, no, no, no slow,
Down Joe wait a. Minute he didn't come in with
a hood clan's cape on and take your. Music he
put a contract in front of. You the. Paperwork the

(02:05:16):
paperwork your ass didn't read, it didn't read, it and
it wouldn't take it to an. Attorney but now you
upset that he gained you on the paperwork because he
designed paperwork to his. Benefit here's what capitalism.

Speaker 1 (02:05:35):
Is capitalism is a.

Speaker 2 (02:05:36):
Table there's one person on the side as a. Consumer
the other person on the side is a. Capitalist please
listen to. Me the whole purpose of the capitalists is
to extract as much money from you as possible by
giving you the least. Value got. That the purpose of
the consumer is to pay the least in. Money why

(02:06:01):
extracting in negotiations the most? Value you follow, me it's really.
Important that's the that's their. Job the producer's job is
to extract money while giving you the. Least the consumer's
job is to pay the least why extracting the? Most,

(02:06:21):
hey good negotiations where everybody leaves that table slightly, annoyed,
mm because nobody got everything they. Wanted it cold. Game
but if your dumb ass just looking at the girls
or looking at you got sunglasses on at night and
you think, That, OH i don't even do the. PAPERWORK

(02:06:43):
i just want to create. It you are you. You
it's just a matter of time before you. Broke it's
the show. Business it's the business of show it's a.
Business the man gave you the, contract read, it get
a lawyer to look at at, it come back and.
Negotiate you could to have called, them but you. Didn't

(02:07:03):
you didn't. LOOK i just got. CAUGHT i got caught
sleeping two weeks. AGO i can't talk too much about
it because it's about the go. Thing BUT i got
caught sleeping two weeks ago for one twenty six million,
dollars luckily for. Me luckily for. Me i'm, good BUT
i made a. MISTAKE i didn't take that particular. Contract

(02:07:25):
it was in the middle of a larger. SITUATION i
thought these were nice. PEOPLE i, thought even THOUGH i
met them in a sort of a shotgun marriage, SITUATION
i thought they were good people and they wouldn't screw.
Me my. BAD i signed some SHIT i shouldn't have,
signed AND i didn't have my attorney look at. It

(02:07:45):
it is the one TIME i didn't let let my
attorney look at. It that's my, fault that's my. Doing
now you get me, once shame on. You you get me,
twice shame on, me shame on.

Speaker 3 (02:08:01):
Me but at a level, you why would you do?

Speaker 2 (02:08:04):
That Because i'm, human, understood because iPhone has software, upgrades
because there is no Perfect i'm glad you asked. That
so don't beat yourself. Up you can make a. Mistake
that doesn't make you a. Mistake walk, off walk, Off
just walk the funk. OFF.

Speaker 3 (02:08:20):
Dc the money is staying in the. ROOM i gotta come.

Speaker 2 (02:08:23):
Back but, luckily, luckily but but but but that that
that person who did that won the battle is going
to lose the. War. Damn they stabbed me for one
point six. Million i'm already stabling them for. FIVE i
may stab them for. Ten i'm.

Speaker 3 (02:08:40):
GOOD i go with.

Speaker 2 (02:08:41):
YOU i can do this with WHAT i can do
this hands. Free, Brother just say this Is i'm from the,
shoulders from the neck. Up But i'm already by the,
Way i'm already. Moved i'm already moved on to the next.
Situation this is just the. Past i'm just, Saying i'm
supposedly the financial, literist whatever the phrase, IS i made

(02:09:02):
in policy for the, government blah blah. Blah i've served
three presents from both, parties have been recognized by five
all these. Credentials EVEN i made a, Mistake so don't
don't don't, don't don't jam yourself about. Mistakes we're gonna make, mistakes,
Right just get up and keep it moving because it's
hard to hit a moving. TARGET i think the.

Speaker 6 (02:09:23):
Thing that stuck out to be really is like you
talk a lot about how like our humanity and our,
issues like people will kind of hold this beast like he,
said and self esteem are you, know shying away from?
Spirituality all those types of things do affect our ability
to sit, down get some requiet things and actually come
up with the ideas that are.

Speaker 2 (02:09:43):
Gonna bring us. Capital, yeah everybody's not a real estate.
Mobile everybody.

Speaker 6 (02:09:47):
Artists SO i do need to sit down somewhere required
to come up with my ideas and things like that
That i'm gonna put out that eventually need to making.

Speaker 5 (02:09:55):
Money.

Speaker 6 (02:09:56):
YEAH i think like a lot of times you hear
a lot of people like you gotta do this and
sign up for this and take this class and do
AND i feel like a lot of times it's like,
folks you got to use your mind right. First you
gotta spear it right, first because whatever money come to,
you when your stuff messed, up it's just gonna miss
you up even.

Speaker 2 (02:10:12):
More it's just like a.

Speaker 6 (02:10:13):
Drug it's gonna amplify whatever's going on inside of you.
Anyway so if you messed up when the money, comes just.

Speaker 2 (02:10:18):
Mission, Please so that's. Brilliant please hear. ME i want,
YOU i want you to take away two. Things, one
an addiction is a response to an emotion you can't.
Handle an addiction is a response to an emotion you can't.
Handle and then what happened is you know it's. Addiction
you do a little bit of wine in order to

(02:10:40):
keep medicating you to get the same, buzz you need
some more. Wine and that's why people come. Whinos you
need more. Wine but it doesn't matter what it, is, weed, wine, drugs.
Women you just it's more and more to give you
the same. Buzz because as the cup self, esteem the
cup has a hole in the, Bottom so it doesn't
matter how long much you pour it into. It if
you don't steal the damn, cup you can never get.
Enough you never get, enough so you. Drown but most

(02:11:04):
things in moderation are. Cool drugs and moderation are. Prescribed
why the moderation will load your blood? Pressure most of
them in moderations are. Cool, so but in order to do,
that you need self. Esteem second, point somebody's gonna say
to you if you'll have this, conversation somebody's. Toxicity somebody's

(02:11:26):
gonna say to, you who loves? You by the way
they'll talk to, You they're trying to talk you down
from all. This John bryan told all this. Stuff just
give me all the. Money, Okay i'm gonna take all
the wealth in the, world but give it to all
the poor people in the.

Speaker 9 (02:11:44):
World in three, years we're going to all have it.
Back because if you don't have it, here you don't
have it, Here you're not gonna have it.

Speaker 2 (02:11:58):
Here there's a difference between being broken being poor being
broken as. Economic being poor is a disabling frame of,
mind a depressed coddition of your, spirit and you must
vow never ever ever to be poor. AGAIN i told
you money's just a medium of exchanging. Value crap, in crap,

(02:12:19):
out dumb, in. Dumbout so IF i give a million
dollars to a homeless guy AND i change, nothing else
he'll be broken six. Months ignore the noise considered the
source of the. Advice if you're not smarter than, me
if you're not more successful than, me and you're trying

(02:12:39):
to give me, ADVICE i don't say anything to. YOU
i just write you. Off. Now If i'm getting, WISDOM
i can get that from a homeless. Guy spiritual, WISDOM
i can get that from the least of these gods.
CHILDREN i talk to. EVERYBODY i love talking to bell
about bow boys and, waiters And i'm always your. Husband
but as far as business, success you're not gonna talk me.

(02:13:02):
Down in the comments section of my own damn, Page
i'm asking, people why are you following? Me? Please BEFORE
i block you unfollow? Me, like why are you arguing with?
Me to argue with a fool? Pruiser right, Too i'm
not gonna argue with. You you don't know what you're talking.
About i'm the one with a payroll of two million

(02:13:25):
dollars every two. Weeks you're talking about a? Bag come,
on what kind of what kind of conversation we're gonna?
HAVE i can knock you off with with the interest
from my MY mx. CARD i don't argue with PEOPLE
i can take MY mx black, card just, pay just
buy whatever it is underneath you sitting. There this true.

(02:13:50):
Story Doctor king's, Grandfather Adie williams on all the reason
only reason The King center has all that property Is
Adie williams owned it the grandfather for Doctor. King So Doctor,
King Daddy king was told by the white business across
the street When Martin Martin king was growing, UP i
don't want my white. Son, SORRY i don't want your

(02:14:13):
black child playing with my white. Son he owned a
business across the street from The king. Family Daddy king,
SAID i hear. YOU i think you need to remember.
SOMETHING i own the real estate underneath your. Business now

(02:14:34):
what did you say to? Me? Apologies true. Story no
need to raise your, voice because when you got the,
power you don't need to use. It all, right we
don't we wrapping it up? Here anybody out here that
this was worth your? Time ten thirty one tax for, exchange,

(02:14:56):
yep that's, right free, money tax. Free his brother here
is a thinker right, here this one here he thinks
what is he talks with his?

Speaker 1 (02:15:06):
Brain, now you had him about to jump out this
chair a few.

Speaker 2 (02:15:09):
Times he was rocking back and forth out like, it
you got. It part of it is a trauma because
we're to traumatized whenever heal from our. Pain we don't
want to think About we don't want think about, money
we don't want to think about, death we don't want
think about that. Shit we just want to, party enjoy,
ourselves have. Fun by the, way people play on. That
so what we've been talking, about the whole, situation the luxury,

(02:15:30):
stuff the, party and the blinging that the society manipulates our.
Manipulatibility they manipulate our manipulat. Ability so, yes, getting we
got to. Get we need to do the boring stuff.
First only in the dictionary does the word success come
before the word work because it's. Alphabetical BUT i don't

(02:15:52):
need to talk to you a. LOT i read people very.
Well you've been on games AND i since you came in,
here you've been your soul spirit has been. Quiet you've
been ear hustling whole. Time much respect to both of.
You anybody else you know you don't want to be
the old guy in the. Club so before you kick me,
Out i'm gonna leave.

Speaker 1 (02:16:09):
Now we ain't never. Kicking that light came.

Speaker 2 (02:16:19):
Go on your. PHONE i mean this is the greatest. Generation.
MAN i, mean you've got a. Computer you have a
macro computer in a. Microphone that's not a, phone it's a.
Computer it's. Unbelievable if you have this phone and artificial intelligence,
TOGETHER i mean IT'S i, MEAN i don't know how
people sleeping like my brain would IF i was coming
up right, now my brain would be on. Fire i'd

(02:16:40):
have to force myself to. Sleep this is unbelievable leveling
of the playing. Field go on your. PHONE i don't
care whether you. Do schwaber COUNT i don't care if you.
Do there's a Black fidelity is a black company out Of.
CHICAGO i got what Is Oh John, Rogers, oh it'll

(02:17:01):
hit me BEFORE i. Go it's a black owned mutual.
Fund funny, company thirteen billion Dollars Aerial capital. Management you
can start an aerial account mutual. Funds you can start
a what's that coming down In New? York that we
that we did investor bill of rights with the new
the new, company they sort of cutting edge the. App

(02:17:21):
everybody goes on the App roberhood go To. Robinshood got
you trying to stay away FROM i don't know who
you compete with? Them let, no, no, no, no we
Have we have them actually an agreements called Investor bill
Of rights where they they've agreed to treat consumers and
properly and all that. Stuff we monitor their. Business so
go To. ROBIN i don't care what you. Do open

(02:17:41):
open an, account right and or you can do fractional.
Investment let's say you SAY i only have twenty five. Dollars,
okay open a fractional investment account and invest twenty five
dollars a. Month so wherever you, are just start and
do safe. Stuff don't do none of this gambling, stuff
none of this cryptos, none that's legit. Gambling if you

(02:18:02):
have some money to give, away, fine but don't do
don't use your rent. MONEY i want you to do,
basic boring stuff LIKE i told you, Earlier, Walmart, amazon waste, Manage, Apple, yeah,
stuff waste, managed stuff that you know is not going.
Away what are you about to? SAY i, say we're
about small business Starting no investing in small business starting.
Up no with all, Jurors i'm sorry to say. It that's.

(02:18:24):
Risky so there's three. Budgets living, budget investment, budget blinking.

Speaker 3 (02:18:31):
Budget motherfuckers is doing both of them out of the living.

Speaker 2 (02:18:35):
Budget i'm, like.

Speaker 1 (02:18:38):
You're, blinking ain't investing In.

Speaker 2 (02:18:42):
God.

Speaker 1 (02:18:45):
You sat on that.

Speaker 2 (02:18:45):
TABLE i didn't. Yet we need some Good look what
AM i? Doing you're? Too markled With, well you guys
got me. Excited The mark was even smart w your.

Speaker 1 (02:18:54):
Podcast you're right.

Speaker 2 (02:18:58):
Here i'm going with.

Speaker 3 (02:18:59):
Him y'all, all y'all do is sign posters with? ME
i want to be on the chat Clearing how many
posts y'all gonna sign with?

Speaker 2 (02:19:14):
Me told, YOU.

Speaker 1 (02:19:16):
I told YOU.

Speaker 3 (02:19:19):
I ain't gonna. Lie, BOY i just took all that Paulse.

Speaker 2 (02:19:22):
Paul paul taking it all. In, yeah that was.

Speaker 1 (02:19:25):
Crazy let's get a, Flick let's get a pun. Oji
thank you so much