October 22, 2025 • 35 mins
Chris Sain Gets Real: Wealth, YouTube Fame & Why Athletes Go Broke
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Speaker 1 (00:03):
What's up is way up at the Angela Yee. I'm
here with my Wealth Wednesday partners, stacye Tisday, Heffy Wealth Wednesdays. Everybody.
Speaker 2 (00:09):
We are taking you way up today with the one,
the only, the People's champ. Chrissane is here. And what
I don't know what we would even say about Chris Sayne.
Speaker 1 (00:22):
You are a best selling author, two time best selling authors.
Speaker 2 (00:25):
You are one of the top financial coaches in the world.
You're a massive philanthropist with your hundred Days of Giving initiative.
Speaker 1 (00:35):
Top one hundred money expert on Forbes.
Speaker 2 (00:37):
Yeah, YouTube creator, all that stuff. But let's jump right
into one of the most interesting things about you. We
have your beautiful wife here quiet. How did okay, y'all
retired debt fro. I'm just gonna put it out there.
You retired debt free at thirty seven years old. Thirty
seven years old?
Speaker 1 (00:57):
That is amazing.
Speaker 2 (00:58):
How does somebody retire debt free?
Speaker 3 (01:00):
Stacy got right to it, man, headlines. We were very,
very intentional, man. We met at Michigan State, just two poor, humble,
hard working kids.
Speaker 4 (01:13):
Man. I like to say so.
Speaker 3 (01:14):
We knew, Stacey that we didn't have a lot of
people to depend on. So when it came to money,
I would see how she was moving, and I was
taking my little refund checking, making sure I was moving right.
And I'm looking like, Okay, I'm feeling her and I'm
loving how she's handling her money. I ain't seeing her
do too much. And so early on when we first
got together, I'm looking like, Okay, she can cook. I
(01:36):
would come home from practice, she was just you know,
I'm saying, just just We was friends before all of this,
but I was seeing traits and I knew who I was.
Speaker 4 (01:46):
I was.
Speaker 3 (01:47):
Man as an athlete. I was looking like, you know what,
Stacy and Angela, like a lot of athletes go broke
three to five years.
Speaker 4 (01:57):
Once their playing career was done.
Speaker 3 (01:58):
So so I was was an athlete at Michigan State
at the time, looking at this kind of stuff, and
so I peeped that in her and I would just
see how she would move, and I knew I was broke,
holding onto every dollar I had on my refund check.
And that was one of the things we took into
our marriage, which was like, you know what, saving being
(02:19):
intentional owning everything. We own our houses, we own all
our cars, and so we don't have those payments going
out reoccurring every month. We were able to stack, we
were able to set aside going on trips for six
seven months at a time, to just be intentional about
paying down that paying off debt. And that's how we
(02:39):
were doing it. But it was just consistent behaviors week
in and week out, month in and month.
Speaker 1 (02:44):
Oh, I have so many questions, So do you believe
in good debt? Because I know you said you own
everything and paid everything off and paying down those debts.
Speaker 2 (02:53):
Angeliae, Look how much of debt was it? Student loan
debt is not small, So.
Speaker 3 (02:57):
Student loan debt, we had maybe seventy five thousand of
that maybe yep, yep, yep. And then when it came
to I told you I was.
Speaker 4 (03:09):
Broke, I was living off credit cards.
Speaker 3 (03:12):
I got family with stuff in my name, So it
was a lot to Angela's point about even cleaning up
the credit pard, but that's the work I'm talking about.
That's the kind of stuff we did as a foundational piece,
Like look at what we got, stuff that's in our
name that we did, the stuff that's in our name
and we ain't got nothing to do with, but we
were making those steps to again rectify those things, get
(03:32):
those things off our credit report. So do I believe
in and good that I do believe there is good
that I'm not a huge advocate for it because we
are that free and that free is our secret sauce.
We often say the reason why we're able to be
so philanthropic and all the stuff we do, and from
a philanthropy standpoint, is because we don't have any that
(03:53):
we own everything, and we're big on that when we
I still drive a used twenty ten and BMW for example,
she drives a twenty twenty five Range Rover. Strategically we
do things like that for tax purposes, the weight of
the car, the weight of the car. We're very savvy
with that kind of stuff. But I speak to that
(04:14):
because with the Range Rover, we walk right in there
fifteen minutes flat and walk right out because the cash
is on hand, that the money was there. We don't
have no ain't no need to run, no credit or
none of that stuff. We have great credit, but we
also have the on hand liquid cash to just buy
(04:37):
what we want. So we don't incure another car, no,
and so we are able to just stay on that
course of maintaining our debt freedom status again, which then
allows us to do more for others.
Speaker 4 (04:49):
Because that's all to me what we're trying to do.
Speaker 2 (04:52):
How do you teach people to get there? I know
you work with thousands and thousands of individuals, families. How
do you.
Speaker 3 (05:01):
One You gotta meet people where they're at first and foremost.
I know I was intentional about certain things when it
came to finances, but everybody has their own relationship with money.
Everybody has their own financial trauma that they are dealing
with in some way, shape, form, or fashion. So for me,
it's first doing an assessment of what you're working with.
(05:22):
What are we dealing with here? What does this picture
look like? For some people? It's credit card debt for
some people. It's rent for some people as least cars,
whatever it may be. You wanna kin kind of kind
of corral people in terms of a Okay, these are
the things we can get taken care of quick, these
are the things it's gonna take a little bit more time.
Speaker 4 (05:42):
Let's put a plan in place and knock these things out.
Speaker 2 (05:45):
I know you said it's very important for you and
your wife to be people who others, particularly people in
the black community can look at and say, hey, look
at this black family. They lived beneath their means, they
did that and to paint picture no like this is
what a black couple really looks like? Why is that
so important?
Speaker 4 (06:03):
To man? It's so important.
Speaker 3 (06:05):
Our culture needs all the examples they can get of real, loving,
faithful marriage because the narrative that's going around in the
media and the tearing down of relationships, marriages and the
thing that's doing in terms of making people think that
(06:27):
there's real love don't exist. We want to show or
we least I don't even say we want we live
it out every day. We want to show people. No,
it's some young couples out here that ain't with the foolishness,
that ain't messy, that ain't into the gossip, that live right,
that do right, that's truly in love, that's truly making
an impact in the world. And that message very rarely
(06:48):
if ever gets told. And we're sitting here like, man,
it exists. We've been rocking for fourteen years and nobody
could tell us that we not real. Nobody can tell
us that we didn't get it out the mud, and
nobody can tell us that we didn't do all of
these things without having a silver spoon, without having a handout,
without starting on third base.
Speaker 4 (07:09):
We just grinded out two kids from Michigan State.
Speaker 1 (07:11):
You know, I want to ask you what, because there's
always going to be things that maybe you're not completely
aligned on. What was one of those things financially with
you and your wife that you guys had to compromise on.
Speaker 4 (07:23):
That's a great question, Angela.
Speaker 3 (07:25):
A thing that we had to compromise on was I'll
say this, it was more my wife is what you
guys are strong independent women, black women at that my
wife dealing with me, a strong black male. She was
so accustomed of getting it in on her own. She
was already well to do for herself. Little things like
(07:47):
this was our issue, her trying to bring the groceries
in and take the trash out. It was stuff like,
hold on, all right, I bring the groceries in, you
could take the trash out, vice versa.
Speaker 4 (08:00):
It was.
Speaker 3 (08:01):
It was more of those dynamics we had too, as
I often say, well to do individuals before we retire.
I worked in higher education, for example, she worked in healthcare.
We both held positions of power and leadership, and so
I knew how she was rocking. I knew how she
was coming to the table. I knew the degrees and
(08:22):
the education she earned while in school. Same for myself.
So we were good in that regard. But it was
more about us being equally yoked in our thoughts around
money that helped make the difference. I often talked to
couples about making sure you're making sure your partner is
(08:42):
aligned with with what.
Speaker 4 (08:43):
Your goals are. I talked to people every day, and
couples will.
Speaker 3 (08:47):
Call me and they'll say, my man, he wants the
sports gamble or do this, and I want to say
or the guy would be like, man, my girl want
to keep shopping and buying bags and Jordan's and I
want to start safe and so off top, you see
the disconnect between two people that's not aligned.
Speaker 4 (09:05):
We work from the get go.
Speaker 1 (09:06):
Can I just point out that sometimes those bags do
become a good investment. I don't want to put that
out there. I do hear that I didn't got the
nice watch on though. What about investing and things like
watches and is that something that you also do and
look at because I know people will say, yeah, we.
Speaker 4 (09:27):
Are A time piece is not a bad investment.
Speaker 3 (09:31):
We don't overly do it, okay, but we from the trenches,
we do like to have nice things.
Speaker 4 (09:37):
We're not the.
Speaker 3 (09:39):
Type that got this wealth and don't know how to
add some sauce to it now.
Speaker 1 (09:44):
Right, But I can look at both, well.
Speaker 4 (09:46):
We don't go crazy. We don't go crazy.
Speaker 2 (09:51):
Talk about your beginnings. You have another book called Dumb Athlete,
which is about the first twenty seven years of your life,
and I know I looked at that and two things
it really stood out is you had a friend who
got shot and killed absolutely and he was like twelve
or thirteen years old, and you thought, and everybody thought,
that's what was gonna happen. How did that not happen
to you?
Speaker 3 (10:10):
Typically for all of us, everybody in this room, man,
that those of us that grew up in the trenches,
they all thought that we would be dead or in
jail by twenty five. And my story was no different.
I had a homeboard that lived right up the street
from me, and that was his fate. And so when
it hit so close to home, you often think you
might be next. And so that reality coupled with the
(10:33):
fact I had her brother that was doing twenty five
years in prison at the time, and so all the
narratives that was being pushed about black men were I
was least seeing real life examples of them in my
present at the time, and so I was like, not me,
and that became a matra back then.
Speaker 4 (10:49):
Not me.
Speaker 3 (10:50):
I don't care what the stat started not talking about me.
I won't be that. And I often say in my book,
we are a product of our expectations, not our environment.
To graduate, I expected to go on and make something
of myself, and so the moves and the decisions I
made were in alignment with that.
Speaker 2 (11:08):
But you had sports. You're a gifted athlete.
Speaker 4 (11:11):
Absolutely.
Speaker 3 (11:11):
I was a two sports star in high school. I
played for both football and basketball. But what happened with
that even was something that I look back on now
was a blessing. But I ended up going to Michigan
State and had to walk on And when you are
accustomed to getting a red carpet treatment, I had to
(11:32):
learn to. I had to learn very early on how
to embrace not having a spotlight. I had to first
overcome the test of being overlooked in order to be
the person I wanted to ultimately come out and be.
Speaker 4 (11:50):
And so for me.
Speaker 3 (11:52):
It took everything in me at the time when I
was going through being a walk on not having a
red carpet treatment, and for the first time I was
able to see, like, dang this my teammates was probably
feeling like in high school, right, And it kind of
sets you up because now you fast forward when you
were going through it, you're looking like, God, what's going on? Man?
(12:14):
I know, I know this aining what it's supposed to be,
and all the while he was preparing me for where
we're at today. I often say most people see the
end result, but very few consider the journey, and most
people didn't understand sometimes the things we are going through
are really preparing.
Speaker 4 (12:32):
Us for what's greater and what's coming later.
Speaker 1 (12:35):
When you think about these student athletes now with these
nil deals, and you've talked about how both you and
your wife did not financially have it like that, how
do you think you might have been different? Like you
think you would still be this person that is retired
at thirty seven, because imagine, you know, being young and
not having that financial savvy and then having access to money.
Speaker 3 (13:00):
Man, I can only imagine how difficult that is. Because
the education piece is still the thing that's missing. No
matter how much money the athletes are getting at the
college level or the young rookie at that level, my.
Speaker 4 (13:13):
Thing would be, would I be the same?
Speaker 3 (13:16):
I can't say I think what I went through prepared
me for how I came out.
Speaker 4 (13:21):
Now.
Speaker 3 (13:21):
I did know, even though I didn't make it to
the NFL, I was only looking to be that guy
with like a three to five year career, and the
things that you guys see me doing now would have
been the things I was doing. The philanthropy, the stuff
with you, the stuff with the athletes. I was going
to do that anyway. I was just going to have
former NFL star Chris saying.
Speaker 4 (13:42):
Getting me to the community. I just have.
Speaker 3 (13:48):
So Yeah, so it all worked out. But I think
about these athletes all the time in terms of, well
the money derailed them because they might not ever see
that substantial of money at once time if things don't
pan out for their.
Speaker 2 (14:02):
When I have that in common, I started I was
an athlete too, and my fight work in financial literacy
started by creating financial education programs for athletes. The giants
Washington mystics and we hear all this. You know, oh,
they blow their money. You know they go broke. But
when you dig down into it, the number one reason
(14:23):
athletes go broke are friends and family, yep. And they
also go broke because of over confidence, the overconfidence you
have to develop for sports. They bring it to their
money game. Oh I'm going to invest in this so
it'll do whatever.
Speaker 3 (14:36):
Or they think they gonna get another contract after that first,
that's that expectations.
Speaker 1 (14:40):
Or they have a few kids, a few people to pay.
Speaker 2 (14:44):
The friends and family parts huge. My son was also
an athlete, and they just that, you know, early scripting,
we helped you make it. When you make it, you
owe us. You have ten people holding their hands out
and as he's still in college and that athletes world,
and I see these kids are getting all these money.
But it's the same pressures, absolutely, absolutely the same pressures.
Speaker 3 (15:06):
Family is a is a tricky dynamic. We call it
the Black tex Sometimes when you make it in the
black community, every family member either thinks you owe them something,
feeling titled and friends too. Friends is the whole gamut,
and so they don't understand the toll that that takes,
(15:27):
especially for the person that's not financially savvy yet that
far as victim to that if you start spending money
in buying houses and buying cars, and you're, like Angela said,
you're not guaranteed to get that next contract. You might
have kids, you got your own family and responsibilities. That
money ain't guaranteed that career you want injury away from
(15:49):
it all being over with, and nobody accounts for those
dynamics for the athlete, how.
Speaker 1 (15:56):
Do you handle family and friends? Since we just talked
about it, like if you had to give somebody advice
that is going through that, what's a good way to maneuver?
Speaker 4 (16:05):
Man?
Speaker 3 (16:05):
I'm actually going through it, like somebody tell me.
Speaker 1 (16:09):
So.
Speaker 3 (16:10):
Clarissa Shills is up here, man, and she spoke to it,
and a lot of what she alluded to. My family
has that same dynamic we're currently playing out right now.
And for me, I'm blessed to be a little bit more.
I'm the financial survit I'm the financial savvy person.
Speaker 1 (16:26):
So and they say you're giving money your way to people,
They're probably like you about a million dollars. I mean,
I'm right here.
Speaker 3 (16:33):
I do believe that's some of the thinking, and it
has nothing to do with that. These entities are oftentimes
five to one C three's. These entities help give us
a tax advantage. It's it's more strategic than what it
might look like on social media. And I don't think
family understands that dynamic, let alone just that.
Speaker 4 (16:51):
You still have a team to pay you have.
Speaker 2 (16:55):
It's not just you don't want to be an enabler.
You don't want to enable their behavior. And it never
stops too. Yeah.
Speaker 1 (17:00):
By the way, like once you say yes and do something,
it's not like thank you so much, I will exit
and never bother you again. It's like you did it then,
and then if you say no one time.
Speaker 3 (17:11):
Yeah, the ungratefulness entitlement is something that really is a
is a challenge when you give, especially the family and friends,
because it's almost this attitude that you owe them or
they deserve more, why you're not doing X, Y and z.
Speaker 4 (17:28):
And so that's the tricky dynamic to navigate. I just
try to.
Speaker 3 (17:33):
I always said this out the gate. I gave my
family over two hundred and fifty thousand dollars. I bless
my friends, and I told myself, this is my gift.
Speaker 4 (17:44):
To all of them.
Speaker 2 (17:45):
Don't expect it back.
Speaker 3 (17:46):
I don't expect it back if I don't do nothing
else for them.
Speaker 2 (17:50):
I'm okay, right, Wow, let's talk about your giving. You
have what's it called one hundred days? You have one
hundred k challenge.
Speaker 1 (18:00):
But the one hundred days of giving and you're giving
away a million dollars.
Speaker 4 (18:05):
Absolutely. So the pull up season, we pull up on
a lot of people.
Speaker 1 (18:10):
Man.
Speaker 3 (18:11):
We love to my wife and I love to see
their faces. Man when they see us pull up. I
hop out with that money. And we know, man, people
are struggling right now in these economic times.
Speaker 4 (18:21):
People need as much help as possible. And so for me,
what it.
Speaker 3 (18:25):
Started from is I had a nonprofit since two thousand
and eight, and I remember for ten years it's twenty
years old now, twenty plus years old now, but for
eighteen or nearly twenty years of it, we didn't get
no funding. And I remember being in the trenches on
the front line doing all of this work, all this
community good and I never got not one dollar. I
(18:48):
never complained, but I always told God, man, if you
bless me, I'm going to be what I wish somebody
was to me. So, Angela, a lot of this given
I do, man, is because I wish when I was
out there doing all the stuff for the youth, all
the guys that's coming from the joint or prison, all
the stuff I was doing for so many people. I
was like, you know what, this is what I wish
somebody would have dared for me and my organization.
Speaker 4 (19:11):
So that's what you guys essentially see me doing around
the world up.
Speaker 1 (19:15):
I always say it's a blessing to be a blessing
because it also just feels amazing to know that you
can bless somebody and they it's just someone was doing
great work too.
Speaker 3 (19:25):
That that's the thing you are so right, man, Angela.
You see so many dope people online, You see so
many dope people in various communities.
Speaker 4 (19:33):
But to be able to do something about it, do something.
Speaker 3 (19:36):
Positive about it is the thing that my wife and
I enjoy. And so sometimes we will see somebody. We
have a team to vet people, but sometimes we'll just
see somebody that was on your show, Like we gonna
pull up on an Urban League. I think you had
her up here. I like what I heard you guys
talking about.
Speaker 4 (19:52):
That might be an example good you know what I'm saying.
Speaker 3 (19:56):
And so it's that ability to see something and then
be able to do something in real time.
Speaker 1 (20:02):
You know, you also posted a video asking you every
day people to share what they're going through financially and
it did go viral. What did you learn from some
of those real stories?
Speaker 4 (20:11):
Man?
Speaker 3 (20:11):
It's always good to keep a post on the people
and to hear because sometimes at our level you can
be a little bit removed from some of that day
to day struggle. And so I always love to touch
the people to hear just what some of the challenges are.
And it keeps me grounded, It keeps me angered in humility,
Angela in terms of like knowing, one, man, I gotta
(20:32):
do more.
Speaker 4 (20:33):
People need help.
Speaker 3 (20:34):
But two, it ain't all good for everybody, no matter
how we're making it look online. Yes, there's real people
out here struggling, and so it just makes me want
to be able to see how we can do more
for people and how we can be a blessing where
we can be.
Speaker 1 (20:51):
I so only twenty five percent of Americans are financially secure, Yep,
that's crazy.
Speaker 3 (20:58):
Absolutely, And that of itself tells you how there're one
emergency away there, one car breakdown away, there, one mispayment there,
one AI layoff. Seven thousand people at this job away
from again their life and their trajectory being totally different,
or being in a food stamp. Oh that even got
(21:19):
disrupted lately.
Speaker 1 (21:20):
So that's about to run out because of.
Speaker 4 (21:22):
The shutdownment shutdown absolutely.
Speaker 3 (21:24):
So you see all of these different dynamics at play,
which shows you the struggle that our people are dealing with.
And so that's why we try to stand in the
gap to whether it's helping and supporting black women that
has been impacted by the DEI cuts, whether it's supporting
guys freshly home from prison trying to navigate, or athletes
(21:45):
who got cut and they're trying to figure out what
their next situation going to look like.
Speaker 4 (21:50):
I always see a problem, and I'm trying to be
a solution.
Speaker 1 (21:53):
When you say you're retired, though you guys are not retired,
I just want to put that out.
Speaker 2 (21:57):
There, what you want to do.
Speaker 3 (22:02):
That's the that's the blessing in it all.
Speaker 2 (22:06):
Somebody said, my retirement is going to look a lot.
Speaker 3 (22:09):
Somebody said, somebody said, y'all just retired from y'all corporate jobs.
Speaker 1 (22:13):
That's what y'all did, transitioned into a different.
Speaker 3 (22:16):
No, Angela, we we we retire. And it's been five years.
How time, man, How fast time go, but we retire
and check this out.
Speaker 4 (22:28):
When all of that happened for us, we just was chilling.
Speaker 3 (22:33):
But both of us are go getters. Like we we were,
like I said we were. We were the top people
in our respective institutions before retirement and stuff like that.
So what happened was we started telling our story on YouTube.
Speaker 4 (22:46):
You know what I'm saying. Like my wife, she gets
busy in.
Speaker 3 (22:48):
The kitchen, she cooks, she she she just a dope
all around.
Speaker 1 (22:53):
Right after she brings into groceries and that she could.
Speaker 4 (22:56):
I was a young I was a younger. That was
a young I was the young heir.
Speaker 3 (23:02):
But no, we started telling her I was so look,
I worked in higher education for ten years. She used
to pack my she she's a dietician, so she eat healthy.
She cook healthy stuff, but it tastes real good. And
she would pack my lunch every day and I would
take my little lunch to school to work. And I
got on YouTube Angela and was telling the world like
(23:25):
this is how we put it down. I keep a
hat on, but underneath here I keep my hair butter
and all that.
Speaker 1 (23:29):
Kind of stuff. So I cut my hairline.
Speaker 4 (23:33):
Yeah, all of that.
Speaker 3 (23:34):
So I look I cut my own hair. I'm saving
money there. I she packed my lunches. So I was
on YouTube telling people, man, this is how we became
in there, this is how we became that free. My
YouTube channel blew I had zero subscribers Angela my YouTube
channel blew up from us talking about that, and then
somebody in the comments was like, what you invest in, bro,
(23:58):
And I was like, man, I just mutual funds and
ETFs and index funds.
Speaker 4 (24:04):
Stacey YouTube.
Speaker 3 (24:08):
I went from zero subscribers to one thousand my birthday
Jane July seventeenth, it's all twenty twenty. I had zero subscribers.
I went to one thousand in June. My birthday July seventeenth,
I had ten thousand subscribers. Mind you guys, we debt free,
telling and doing all of this stuff. By the end
of the year, I had one hundred thousand subscribers. We
(24:30):
made two hundred thousand that year on YouTube. So magic
being debt free inded you get a free two hundred thousand.
Speaker 4 (24:39):
Essentially on top of it.
Speaker 1 (24:40):
You weren't even expected that.
Speaker 4 (24:41):
One wasn't even expecting.
Speaker 2 (24:42):
That was the stock market. Everybody was in love with
the stock market. Everybody wanted to invest in the stock
market twenty That's why so many people flocked to you.
But what I love about you have this hundred K
challenge coming up.
Speaker 1 (24:55):
It's free.
Speaker 2 (24:56):
He just it's free. It's amazing coming to different people.
You're not just talking about.
Speaker 4 (25:00):
Stocks, absolutely, man.
Speaker 3 (25:02):
I have a holistic approach to financial literacy to helping
people build wealth in the stock market. And that's from everything.
I need your financial foundation to be right, everything from
your ROTH to your RAID.
Speaker 4 (25:13):
Your HSA which is a health savers account, down to.
Speaker 3 (25:15):
Your money market accounts and how savings accounts. I'm getting
all of your stuff together, your debt, student, all the
stuff including then we get to the stocks. And so
the one hundred K Challenge is a free challenge I
do every year. It's a legendary initiative that we have
that people can participate in so I can teach them,
(25:36):
show them and walk alongside them to help them go
from zero to one hundred K. And so everybody joins
each and every year. Some people join at the beginning
of the year, some people join halfway through. But no
matter when you join, the lessons, the nuggets, the gems
that I'm dropping every day will help you get your money.
Speaker 2 (25:54):
Right when you start on January first.
Speaker 3 (25:56):
We start on January first, and I teach them everything
from how to invest, how to read a chart, how
to buy their first investment, how to put their money
on autopilot, just the nuances that still are not talked
about enough in our community, and still are things that
not enough of us are in engaged in at the
(26:17):
level we need to be engaged at.
Speaker 2 (26:18):
What's the top thing you think people should be thinking about?
Giving this whole new economic reality we're in right now.
It's funny you and Angela were just talking about only
twenty five percent of the people feel financially secure. That's
the one our financial financially secure, that's the one percent
they're supporting fifty percent of this economy about that also
means we are one stock market crash away from a
(26:42):
complete complete depression. Yeah, what do you tell how do
you tell people to prop themselves up in this environment?
Speaker 4 (26:49):
Man?
Speaker 3 (26:49):
You have to always prepare for a rainy day, no
matter how good things are going. Matter of fact, when
the market is at all time highs like it is
today and right now, is it Yeah, this is when
you Apple just hit all time high today. But what
you have to do is be thinking about, Okay, everything
that go up must come down.
Speaker 4 (27:08):
This don't last all ways, We're going to have a
twenty twenty two. We're gonna have a twenty twenty.
Speaker 3 (27:12):
Again, may not be COVID, but those conditions will repeat themselves,
and so you want to be prepared for that. Matter
of fact, you want to have your dry powder ready,
which is cash on the sideline while the current things
you are investing in is continue to do with things
so when the market pool is back, you have money
readily available to go invest and buy assets while they're
low so they can go up.
Speaker 1 (27:33):
And you're talking about diversification absolutely, and also thinking about
real estate, and I know we touched on that a
little bit, and I keep seeing so many people talking
about real estate. People are very nervous about you know,
people are waiting to see what's going to happen. They're
waiting for rates to go down. People are talking about
the cost of building, and then I see all these
like Guru saying why renting is better than buying and
(27:57):
things like that. So I definitely want to get what
your experience has been when it comes to real estate
and what you would say to people who are like, oh,
I don't think I even want to think about.
Speaker 3 (28:07):
That, man, Angela be coming with it. Boy, let me
tell you all this. The stock market to me, is
a easier the barrier, the entry is a lot easier
to get in the stock market. When it comes to
real estate, my wife and I, I told you at
the beginning of this show, we own everything, houses, cars,
the whole nine Our house we paid six hundred.
Speaker 4 (28:32):
Our house is paid off.
Speaker 3 (28:33):
But when we had a mortgage, our house, which is
very nice, was six hundred dollars a month. This is
the power of how you build wealth. Imagine the people
that's paying rent twelve hundred eighteen hundred, two thousand to
something you don't even own. When we own a house
that we were paying six hundred dollars on and because
that payment, we just are are rent twelve hundred. Okay,
(28:54):
we gonna make two payments since that's what everybody else
is paying to get that paid off even quicker. I
think real estate and ownership is the way to go
in my personal estimation. But the stock market is even
an easier vehicle to build wealth and for wealth creation.
Speaker 1 (29:12):
Yes both, that's diversification, certification, Yeah, that's what both of
you guys have spoke to.
Speaker 3 (29:17):
So yeah, it's both, but the stock market would be first,
real estate will be second. Real estate offer the tax advantages.
That's why we need to be in real estate. Angela
does a great job with all the stuff she does
in Detroit and her real estate portfolio.
Speaker 1 (29:31):
It definitely helped me with my y. Again, that building
definitely was a game changer when it comes as much,
but it is a lot more working effort. I do
want to say, like doing real estate, it's not let's
set it and go like I mean, depending on how
you do it, but it is effort that goes into
especially having great management. And then every day I'm getting
(29:52):
emails about, yeah, something that's happening, but we have management
that handles it. But at least I know what's going on.
Speaker 2 (29:58):
But our community is comfortable with real estate. Yeah, because
we used to see tangible.
Speaker 4 (30:04):
They can see it. Yep.
Speaker 2 (30:05):
Our early messages were about home ownership, so my grandfathers
and stuff, you know, but get some land, get some
proper understandable.
Speaker 1 (30:14):
How important is it having liquid cash or something that
you can like cash out quickly, because sometimes, especially with stocks,
it's not necessarily always right, something that you can access in.
Speaker 2 (30:25):
On those little micro investing accounts, you still got to
wait for your five three to five, sometimes seven days
to get your money.
Speaker 3 (30:32):
The stock Angela's on point having liquid cash. That's what
we pride ourselves. And we're My wife and I were
asset rich and liquid rich.
Speaker 4 (30:41):
We got it both ways.
Speaker 3 (30:43):
My thing is the stock market does allow you to
access that money relatively quickly, you know what I'm saying,
Versus like the selling of a house. If somebody put
their house on the market and nobody buy, you're still
waiting for that offer. With the stock market, I got,
I got a million dollars in that. If I needed
five hundred thousand of that, I can go take sell.
(31:04):
I can sell half of the shares to access five
hundred k of that million dollars that I got sitting
in Netflix.
Speaker 4 (31:10):
Does that make sense?
Speaker 2 (31:11):
Yeah?
Speaker 1 (31:11):
No, And I also sell. You invested in fan Base,
So talk to me about fan base and what made
you decide to do that.
Speaker 3 (31:18):
I'm an investor in general, I'm a sports and tech investor,
and fan base is a platform for social media and
I always want want to support us number one, number two.
I feel like we don't control our narrative. I know
I told you I get busy on YouTube, but imagine
(31:39):
having equity and ownership in something, and I think fan
base allows that. Now, I do think there's some work
that needs to be done on that ad. I would
love to see the Kisonnots of the world on those
app apps doing record numbers and being the first two
million subscribers or streamers on that type of thing. But
for me, it's important that we see us supporting us too.
(32:03):
Oftentimes I'm seeing black people tearing down black people on
social media, and you ain't gonna never get that from me.
I'm gonna big up everybody. I'm a love on everybody, and.
Speaker 1 (32:14):
I'm gonna business.
Speaker 3 (32:16):
I'm my business or invest or sow acced into what
you're doing, and I just want to leave by example.
And so that's all it was for fan base. I
invest in a lot of stuff. Some stuff is public,
some stuff you'll never know about.
Speaker 1 (32:29):
But how risky would you say that is or how
lucrative has that been?
Speaker 3 (32:34):
Those are what we call private equity type investments and Angela,
to be honest, you do it with the intent of
two things. You're gonna hold it for seven to ten
years and you may not get nothing. So you I
might lose all twenty five thousand of that that I
invested in fan base, or it might get bought out
by Facebook or another app, and I might turn twenty
(32:54):
five thousand into one million.
Speaker 1 (32:57):
And so that's the risk, and then people would be
so mad at him. We rove to for this, and then.
Speaker 2 (33:03):
I'm always gonna get.
Speaker 1 (33:08):
Yeah, So well, how can people sign up for the challenge.
Speaker 3 (33:12):
So if you sign up and you want to take
part in this year's hundred K challenge for twenty twenty six,
you go to Chris Saying dot com Slash one hundred
k Challenge. Everything that you want to be a part
of as it relates to investing in building wealth in
the stock market will be on my website Chrissaye dot com.
But the one hundred K challenge will be Slash one
hundred K Challenge.
Speaker 2 (33:33):
And you're gonna come back in January.
Speaker 3 (33:35):
I'm looking forward to it. Yes, I'm looking forward to it.
I want to launch it. I want as many people
as possible to take advantage of their financial future, and
it starts with you making that first decision to invest.
Speaker 1 (33:49):
Chris Sane I know you've got another book you're working on.
Speaker 4 (33:53):
Yeah, man, I am, I said, Adventures.
Speaker 2 (33:55):
Of Angela and Stacey.
Speaker 4 (33:57):
Yeah, I am. I'm working on them.
Speaker 3 (34:00):
I'm working on another book just because I need to
update my life.
Speaker 4 (34:03):
I wrote a memoir about my life when I was young.
It stopped at twenty seven, it stopped at twenty.
Speaker 3 (34:08):
Second, and I'm doing so much stuff from then to
now that I think others would be interested in knowing about.
Speaker 2 (34:14):
Is it going to be in the same book department
and category the.
Speaker 3 (34:17):
Second Yeah, it might be in a financial space, but
it'll still it'll still have that autobiography feel to it.
Speaker 2 (34:24):
Okay, we love all the things.
Speaker 1 (34:26):
Yes, it can be called smart athlete.
Speaker 2 (34:33):
Like that an hour.
Speaker 4 (34:39):
Power technology.
Speaker 2 (34:41):
Well, thank you so much for coming to Wealth Wednesdays.
And everybody followed Chris on Instagram, Instagram, It's just at
Chris Sane yep. And if you go to Wealth Wednesday's
newsletter Teamwealth Wednesdays dot com, guess who is our feature
this week? We have a special mister Christine. Happy Wealth Wednesdays.
Speaker 1 (34:58):
Everybody.
Speaker 4 (34:58):
Thank y'all for having me.
Speaker 1 (35:00):
Thank you
What's up is way up at the Angela Yee. I'm
here with my Wealth Wednesday partners, stacye Tisday, Heffy Wealth Wednesdays. Everybody.
Speaker 2 (00:09):
We are taking you way up today with the one,
the only, the People's champ. Chrissane is here. And what
I don't know what we would even say about Chris Sayne.
Speaker 1 (00:22):
You are a best selling author, two time best selling authors.
Speaker 2 (00:25):
You are one of the top financial coaches in the world.
You're a massive philanthropist with your hundred Days of Giving initiative.
Speaker 1 (00:35):
Top one hundred money expert on Forbes.
Speaker 2 (00:37):
Yeah, YouTube creator, all that stuff. But let's jump right
into one of the most interesting things about you. We
have your beautiful wife here quiet. How did okay, y'all
retired debt fro. I'm just gonna put it out there.
You retired debt free at thirty seven years old. Thirty
seven years old?
Speaker 1 (00:57):
That is amazing.
Speaker 2 (00:58):
How does somebody retire debt free?
Speaker 3 (01:00):
Stacy got right to it, man, headlines. We were very,
very intentional, man. We met at Michigan State, just two poor, humble,
hard working kids.
Speaker 4 (01:13):
Man. I like to say so.
Speaker 3 (01:14):
We knew, Stacey that we didn't have a lot of
people to depend on. So when it came to money,
I would see how she was moving, and I was
taking my little refund checking, making sure I was moving right.
And I'm looking like, Okay, I'm feeling her and I'm
loving how she's handling her money. I ain't seeing her
do too much. And so early on when we first
got together, I'm looking like, Okay, she can cook. I
(01:36):
would come home from practice, she was just you know,
I'm saying, just just We was friends before all of this,
but I was seeing traits and I knew who I was.
Speaker 4 (01:46):
I was.
Speaker 3 (01:47):
Man as an athlete. I was looking like, you know what,
Stacy and Angela, like a lot of athletes go broke
three to five years.
Speaker 4 (01:57):
Once their playing career was done.
Speaker 3 (01:58):
So so I was was an athlete at Michigan State
at the time, looking at this kind of stuff, and
so I peeped that in her and I would just
see how she would move, and I knew I was broke,
holding onto every dollar I had on my refund check.
And that was one of the things we took into
our marriage, which was like, you know what, saving being
(02:19):
intentional owning everything. We own our houses, we own all
our cars, and so we don't have those payments going
out reoccurring every month. We were able to stack, we
were able to set aside going on trips for six
seven months at a time, to just be intentional about
paying down that paying off debt. And that's how we
(02:39):
were doing it. But it was just consistent behaviors week
in and week out, month in and month.
Speaker 1 (02:44):
Oh, I have so many questions, So do you believe
in good debt? Because I know you said you own
everything and paid everything off and paying down those debts.
Speaker 2 (02:53):
Angeliae, Look how much of debt was it? Student loan
debt is not small, So.
Speaker 3 (02:57):
Student loan debt, we had maybe seventy five thousand of
that maybe yep, yep, yep. And then when it came
to I told you I was.
Speaker 4 (03:09):
Broke, I was living off credit cards.
Speaker 3 (03:12):
I got family with stuff in my name, So it
was a lot to Angela's point about even cleaning up
the credit pard, but that's the work I'm talking about.
That's the kind of stuff we did as a foundational piece,
Like look at what we got, stuff that's in our
name that we did, the stuff that's in our name
and we ain't got nothing to do with, but we
were making those steps to again rectify those things, get
(03:32):
those things off our credit report. So do I believe
in and good that I do believe there is good
that I'm not a huge advocate for it because we
are that free and that free is our secret sauce.
We often say the reason why we're able to be
so philanthropic and all the stuff we do, and from
a philanthropy standpoint, is because we don't have any that
(03:53):
we own everything, and we're big on that when we
I still drive a used twenty ten and BMW for example,
she drives a twenty twenty five Range Rover. Strategically we
do things like that for tax purposes, the weight of
the car, the weight of the car. We're very savvy
with that kind of stuff. But I speak to that
(04:14):
because with the Range Rover, we walk right in there
fifteen minutes flat and walk right out because the cash
is on hand, that the money was there. We don't
have no ain't no need to run, no credit or
none of that stuff. We have great credit, but we
also have the on hand liquid cash to just buy
(04:37):
what we want. So we don't incure another car, no,
and so we are able to just stay on that
course of maintaining our debt freedom status again, which then
allows us to do more for others.
Speaker 4 (04:49):
Because that's all to me what we're trying to do.
Speaker 2 (04:52):
How do you teach people to get there? I know
you work with thousands and thousands of individuals, families. How
do you.
Speaker 3 (05:01):
One You gotta meet people where they're at first and foremost.
I know I was intentional about certain things when it
came to finances, but everybody has their own relationship with money.
Everybody has their own financial trauma that they are dealing
with in some way, shape, form, or fashion. So for me,
it's first doing an assessment of what you're working with.
(05:22):
What are we dealing with here? What does this picture
look like? For some people? It's credit card debt for
some people. It's rent for some people as least cars,
whatever it may be. You wanna kin kind of kind
of corral people in terms of a Okay, these are
the things we can get taken care of quick, these
are the things it's gonna take a little bit more time.
Speaker 4 (05:42):
Let's put a plan in place and knock these things out.
Speaker 2 (05:45):
I know you said it's very important for you and
your wife to be people who others, particularly people in
the black community can look at and say, hey, look
at this black family. They lived beneath their means, they
did that and to paint picture no like this is
what a black couple really looks like? Why is that
so important?
Speaker 4 (06:03):
To man? It's so important.
Speaker 3 (06:05):
Our culture needs all the examples they can get of real, loving,
faithful marriage because the narrative that's going around in the
media and the tearing down of relationships, marriages and the
thing that's doing in terms of making people think that
(06:27):
there's real love don't exist. We want to show or
we least I don't even say we want we live
it out every day. We want to show people. No,
it's some young couples out here that ain't with the foolishness,
that ain't messy, that ain't into the gossip, that live right,
that do right, that's truly in love, that's truly making
an impact in the world. And that message very rarely
(06:48):
if ever gets told. And we're sitting here like, man,
it exists. We've been rocking for fourteen years and nobody
could tell us that we not real. Nobody can tell
us that we didn't get it out the mud, and
nobody can tell us that we didn't do all of
these things without having a silver spoon, without having a handout,
without starting on third base.
Speaker 4 (07:09):
We just grinded out two kids from Michigan State.
Speaker 1 (07:11):
You know, I want to ask you what, because there's
always going to be things that maybe you're not completely
aligned on. What was one of those things financially with
you and your wife that you guys had to compromise on.
Speaker 4 (07:23):
That's a great question, Angela.
Speaker 3 (07:25):
A thing that we had to compromise on was I'll
say this, it was more my wife is what you
guys are strong independent women, black women at that my
wife dealing with me, a strong black male. She was
so accustomed of getting it in on her own. She
was already well to do for herself. Little things like
(07:47):
this was our issue, her trying to bring the groceries
in and take the trash out. It was stuff like,
hold on, all right, I bring the groceries in, you
could take the trash out, vice versa.
Speaker 4 (08:00):
It was.
Speaker 3 (08:01):
It was more of those dynamics we had too, as
I often say, well to do individuals before we retire.
I worked in higher education, for example, she worked in healthcare.
We both held positions of power and leadership, and so
I knew how she was rocking. I knew how she
was coming to the table. I knew the degrees and
(08:22):
the education she earned while in school. Same for myself.
So we were good in that regard. But it was
more about us being equally yoked in our thoughts around
money that helped make the difference. I often talked to
couples about making sure you're making sure your partner is
(08:42):
aligned with with what.
Speaker 4 (08:43):
Your goals are. I talked to people every day, and
couples will.
Speaker 3 (08:47):
Call me and they'll say, my man, he wants the
sports gamble or do this, and I want to say
or the guy would be like, man, my girl want
to keep shopping and buying bags and Jordan's and I
want to start safe and so off top, you see
the disconnect between two people that's not aligned.
Speaker 4 (09:05):
We work from the get go.
Speaker 1 (09:06):
Can I just point out that sometimes those bags do
become a good investment. I don't want to put that
out there. I do hear that I didn't got the
nice watch on though. What about investing and things like
watches and is that something that you also do and
look at because I know people will say, yeah, we.
Speaker 4 (09:27):
Are A time piece is not a bad investment.
Speaker 3 (09:31):
We don't overly do it, okay, but we from the trenches,
we do like to have nice things.
Speaker 4 (09:37):
We're not the.
Speaker 3 (09:39):
Type that got this wealth and don't know how to
add some sauce to it now.
Speaker 1 (09:44):
Right, But I can look at both, well.
Speaker 4 (09:46):
We don't go crazy. We don't go crazy.
Speaker 2 (09:51):
Talk about your beginnings. You have another book called Dumb Athlete,
which is about the first twenty seven years of your life,
and I know I looked at that and two things
it really stood out is you had a friend who
got shot and killed absolutely and he was like twelve
or thirteen years old, and you thought, and everybody thought,
that's what was gonna happen. How did that not happen
to you?
Speaker 3 (10:10):
Typically for all of us, everybody in this room, man,
that those of us that grew up in the trenches,
they all thought that we would be dead or in
jail by twenty five. And my story was no different.
I had a homeboard that lived right up the street
from me, and that was his fate. And so when
it hit so close to home, you often think you
might be next. And so that reality coupled with the
(10:33):
fact I had her brother that was doing twenty five
years in prison at the time, and so all the
narratives that was being pushed about black men were I
was least seeing real life examples of them in my
present at the time, and so I was like, not me,
and that became a matra back then.
Speaker 4 (10:49):
Not me.
Speaker 3 (10:50):
I don't care what the stat started not talking about me.
I won't be that. And I often say in my book,
we are a product of our expectations, not our environment.
To graduate, I expected to go on and make something
of myself, and so the moves and the decisions I
made were in alignment with that.
Speaker 2 (11:08):
But you had sports. You're a gifted athlete.
Speaker 4 (11:11):
Absolutely.
Speaker 3 (11:11):
I was a two sports star in high school. I
played for both football and basketball. But what happened with
that even was something that I look back on now
was a blessing. But I ended up going to Michigan
State and had to walk on And when you are
accustomed to getting a red carpet treatment, I had to
(11:32):
learn to. I had to learn very early on how
to embrace not having a spotlight. I had to first
overcome the test of being overlooked in order to be
the person I wanted to ultimately come out and be.
Speaker 4 (11:50):
And so for me.
Speaker 3 (11:52):
It took everything in me at the time when I
was going through being a walk on not having a
red carpet treatment, and for the first time I was
able to see, like, dang this my teammates was probably
feeling like in high school, right, And it kind of
sets you up because now you fast forward when you
were going through it, you're looking like, God, what's going on? Man?
(12:14):
I know, I know this aining what it's supposed to be,
and all the while he was preparing me for where
we're at today. I often say most people see the
end result, but very few consider the journey, and most
people didn't understand sometimes the things we are going through
are really preparing.
Speaker 4 (12:32):
Us for what's greater and what's coming later.
Speaker 1 (12:35):
When you think about these student athletes now with these
nil deals, and you've talked about how both you and
your wife did not financially have it like that, how
do you think you might have been different? Like you
think you would still be this person that is retired
at thirty seven, because imagine, you know, being young and
not having that financial savvy and then having access to money.
Speaker 3 (13:00):
Man, I can only imagine how difficult that is. Because
the education piece is still the thing that's missing. No
matter how much money the athletes are getting at the
college level or the young rookie at that level, my.
Speaker 4 (13:13):
Thing would be, would I be the same?
Speaker 3 (13:16):
I can't say I think what I went through prepared
me for how I came out.
Speaker 4 (13:21):
Now.
Speaker 3 (13:21):
I did know, even though I didn't make it to
the NFL, I was only looking to be that guy
with like a three to five year career, and the
things that you guys see me doing now would have
been the things I was doing. The philanthropy, the stuff
with you, the stuff with the athletes. I was going
to do that anyway. I was just going to have
former NFL star Chris saying.
Speaker 4 (13:42):
Getting me to the community. I just have.
Speaker 3 (13:48):
So Yeah, so it all worked out. But I think
about these athletes all the time in terms of, well
the money derailed them because they might not ever see
that substantial of money at once time if things don't
pan out for their.
Speaker 2 (14:02):
When I have that in common, I started I was
an athlete too, and my fight work in financial literacy
started by creating financial education programs for athletes. The giants
Washington mystics and we hear all this. You know, oh,
they blow their money. You know they go broke. But
when you dig down into it, the number one reason
(14:23):
athletes go broke are friends and family, yep. And they
also go broke because of over confidence, the overconfidence you
have to develop for sports. They bring it to their
money game. Oh I'm going to invest in this so
it'll do whatever.
Speaker 3 (14:36):
Or they think they gonna get another contract after that first,
that's that expectations.
Speaker 1 (14:40):
Or they have a few kids, a few people to pay.
Speaker 2 (14:44):
The friends and family parts huge. My son was also
an athlete, and they just that, you know, early scripting,
we helped you make it. When you make it, you
owe us. You have ten people holding their hands out
and as he's still in college and that athletes world,
and I see these kids are getting all these money.
But it's the same pressures, absolutely, absolutely the same pressures.
Speaker 3 (15:06):
Family is a is a tricky dynamic. We call it
the Black tex Sometimes when you make it in the
black community, every family member either thinks you owe them something,
feeling titled and friends too. Friends is the whole gamut,
and so they don't understand the toll that that takes,
(15:27):
especially for the person that's not financially savvy yet that
far as victim to that if you start spending money
in buying houses and buying cars, and you're, like Angela said,
you're not guaranteed to get that next contract. You might
have kids, you got your own family and responsibilities. That
money ain't guaranteed that career you want injury away from
(15:49):
it all being over with, and nobody accounts for those
dynamics for the athlete, how.
Speaker 1 (15:56):
Do you handle family and friends? Since we just talked
about it, like if you had to give somebody advice
that is going through that, what's a good way to maneuver?
Speaker 4 (16:05):
Man?
Speaker 3 (16:05):
I'm actually going through it, like somebody tell me.
Speaker 1 (16:09):
So.
Speaker 3 (16:10):
Clarissa Shills is up here, man, and she spoke to it,
and a lot of what she alluded to. My family
has that same dynamic we're currently playing out right now.
And for me, I'm blessed to be a little bit more.
I'm the financial survit I'm the financial savvy person.
Speaker 1 (16:26):
So and they say you're giving money your way to people,
They're probably like you about a million dollars. I mean,
I'm right here.
Speaker 3 (16:33):
I do believe that's some of the thinking, and it
has nothing to do with that. These entities are oftentimes
five to one C three's. These entities help give us
a tax advantage. It's it's more strategic than what it
might look like on social media. And I don't think
family understands that dynamic, let alone just that.
Speaker 4 (16:51):
You still have a team to pay you have.
Speaker 2 (16:55):
It's not just you don't want to be an enabler.
You don't want to enable their behavior. And it never
stops too. Yeah.
Speaker 1 (17:00):
By the way, like once you say yes and do something,
it's not like thank you so much, I will exit
and never bother you again. It's like you did it then,
and then if you say no one time.
Speaker 3 (17:11):
Yeah, the ungratefulness entitlement is something that really is a
is a challenge when you give, especially the family and friends,
because it's almost this attitude that you owe them or
they deserve more, why you're not doing X, Y and z.
Speaker 4 (17:28):
And so that's the tricky dynamic to navigate. I just
try to.
Speaker 3 (17:33):
I always said this out the gate. I gave my
family over two hundred and fifty thousand dollars. I bless
my friends, and I told myself, this is my gift.
Speaker 4 (17:44):
To all of them.
Speaker 2 (17:45):
Don't expect it back.
Speaker 3 (17:46):
I don't expect it back if I don't do nothing
else for them.
Speaker 2 (17:50):
I'm okay, right, Wow, let's talk about your giving. You
have what's it called one hundred days? You have one
hundred k challenge.
Speaker 1 (18:00):
But the one hundred days of giving and you're giving
away a million dollars.
Speaker 4 (18:05):
Absolutely. So the pull up season, we pull up on
a lot of people.
Speaker 1 (18:10):
Man.
Speaker 3 (18:11):
We love to my wife and I love to see
their faces. Man when they see us pull up. I
hop out with that money. And we know, man, people
are struggling right now in these economic times.
Speaker 4 (18:21):
People need as much help as possible. And so for me,
what it.
Speaker 3 (18:25):
Started from is I had a nonprofit since two thousand
and eight, and I remember for ten years it's twenty
years old now, twenty plus years old now, but for
eighteen or nearly twenty years of it, we didn't get
no funding. And I remember being in the trenches on
the front line doing all of this work, all this
community good and I never got not one dollar. I
(18:48):
never complained, but I always told God, man, if you
bless me, I'm going to be what I wish somebody
was to me. So, Angela, a lot of this given
I do, man, is because I wish when I was
out there doing all the stuff for the youth, all
the guys that's coming from the joint or prison, all
the stuff I was doing for so many people. I
was like, you know what, this is what I wish
somebody would have dared for me and my organization.
Speaker 4 (19:11):
So that's what you guys essentially see me doing around
the world up.
Speaker 1 (19:15):
I always say it's a blessing to be a blessing
because it also just feels amazing to know that you
can bless somebody and they it's just someone was doing
great work too.
Speaker 3 (19:25):
That that's the thing you are so right, man, Angela.
You see so many dope people online, You see so
many dope people in various communities.
Speaker 4 (19:33):
But to be able to do something about it, do something.
Speaker 3 (19:36):
Positive about it is the thing that my wife and
I enjoy. And so sometimes we will see somebody. We
have a team to vet people, but sometimes we'll just
see somebody that was on your show, Like we gonna
pull up on an Urban League. I think you had
her up here. I like what I heard you guys
talking about.
Speaker 4 (19:52):
That might be an example good you know what I'm saying.
Speaker 3 (19:56):
And so it's that ability to see something and then
be able to do something in real time.
Speaker 1 (20:02):
You know, you also posted a video asking you every
day people to share what they're going through financially and
it did go viral. What did you learn from some
of those real stories?
Speaker 4 (20:11):
Man?
Speaker 3 (20:11):
It's always good to keep a post on the people
and to hear because sometimes at our level you can
be a little bit removed from some of that day
to day struggle. And so I always love to touch
the people to hear just what some of the challenges are.
And it keeps me grounded, It keeps me angered in humility,
Angela in terms of like knowing, one, man, I gotta
(20:32):
do more.
Speaker 4 (20:33):
People need help.
Speaker 3 (20:34):
But two, it ain't all good for everybody, no matter
how we're making it look online. Yes, there's real people
out here struggling, and so it just makes me want
to be able to see how we can do more
for people and how we can be a blessing where
we can be.
Speaker 1 (20:51):
I so only twenty five percent of Americans are financially secure, Yep,
that's crazy.
Speaker 3 (20:58):
Absolutely, And that of itself tells you how there're one
emergency away there, one car breakdown away, there, one mispayment there,
one AI layoff. Seven thousand people at this job away
from again their life and their trajectory being totally different,
or being in a food stamp. Oh that even got
(21:19):
disrupted lately.
Speaker 1 (21:20):
So that's about to run out because of.
Speaker 4 (21:22):
The shutdownment shutdown absolutely.
Speaker 3 (21:24):
So you see all of these different dynamics at play,
which shows you the struggle that our people are dealing with.
And so that's why we try to stand in the
gap to whether it's helping and supporting black women that
has been impacted by the DEI cuts, whether it's supporting
guys freshly home from prison trying to navigate, or athletes
(21:45):
who got cut and they're trying to figure out what
their next situation going to look like.
Speaker 4 (21:50):
I always see a problem, and I'm trying to be
a solution.
Speaker 1 (21:53):
When you say you're retired, though you guys are not retired,
I just want to put that out.
Speaker 2 (21:57):
There, what you want to do.
Speaker 3 (22:02):
That's the that's the blessing in it all.
Speaker 2 (22:06):
Somebody said, my retirement is going to look a lot.
Speaker 3 (22:09):
Somebody said, somebody said, y'all just retired from y'all corporate jobs.
Speaker 1 (22:13):
That's what y'all did, transitioned into a different.
Speaker 3 (22:16):
No, Angela, we we we retire. And it's been five years.
How time, man, How fast time go, but we retire
and check this out.
Speaker 4 (22:28):
When all of that happened for us, we just was chilling.
Speaker 3 (22:33):
But both of us are go getters. Like we we were,
like I said we were. We were the top people
in our respective institutions before retirement and stuff like that.
So what happened was we started telling our story on YouTube.
Speaker 4 (22:46):
You know what I'm saying. Like my wife, she gets
busy in.
Speaker 3 (22:48):
The kitchen, she cooks, she she she just a dope
all around.
Speaker 1 (22:53):
Right after she brings into groceries and that she could.
Speaker 4 (22:56):
I was a young I was a younger. That was
a young I was the young heir.
Speaker 3 (23:02):
But no, we started telling her I was so look,
I worked in higher education for ten years. She used
to pack my she she's a dietician, so she eat healthy.
She cook healthy stuff, but it tastes real good. And
she would pack my lunch every day and I would
take my little lunch to school to work. And I
got on YouTube Angela and was telling the world like
(23:25):
this is how we put it down. I keep a
hat on, but underneath here I keep my hair butter
and all that.
Speaker 1 (23:29):
Kind of stuff. So I cut my hairline.
Speaker 4 (23:33):
Yeah, all of that.
Speaker 3 (23:34):
So I look I cut my own hair. I'm saving
money there. I she packed my lunches. So I was
on YouTube telling people, man, this is how we became
in there, this is how we became that free. My
YouTube channel blew I had zero subscribers Angela my YouTube
channel blew up from us talking about that, and then
somebody in the comments was like, what you invest in, bro,
(23:58):
And I was like, man, I just mutual funds and
ETFs and index funds.
Speaker 4 (24:04):
Stacey YouTube.
Speaker 3 (24:08):
I went from zero subscribers to one thousand my birthday
Jane July seventeenth, it's all twenty twenty. I had zero subscribers.
I went to one thousand in June. My birthday July seventeenth,
I had ten thousand subscribers. Mind you guys, we debt free,
telling and doing all of this stuff. By the end
of the year, I had one hundred thousand subscribers. We
(24:30):
made two hundred thousand that year on YouTube. So magic
being debt free inded you get a free two hundred thousand.
Speaker 4 (24:39):
Essentially on top of it.
Speaker 1 (24:40):
You weren't even expected that.
Speaker 4 (24:41):
One wasn't even expecting.
Speaker 2 (24:42):
That was the stock market. Everybody was in love with
the stock market. Everybody wanted to invest in the stock
market twenty That's why so many people flocked to you.
But what I love about you have this hundred K
challenge coming up.
Speaker 1 (24:55):
It's free.
Speaker 2 (24:56):
He just it's free. It's amazing coming to different people.
You're not just talking about.
Speaker 4 (25:00):
Stocks, absolutely, man.
Speaker 3 (25:02):
I have a holistic approach to financial literacy to helping
people build wealth in the stock market. And that's from everything.
I need your financial foundation to be right, everything from
your ROTH to your RAID.
Speaker 4 (25:13):
Your HSA which is a health savers account, down to.
Speaker 3 (25:15):
Your money market accounts and how savings accounts. I'm getting
all of your stuff together, your debt, student, all the
stuff including then we get to the stocks. And so
the one hundred K Challenge is a free challenge I
do every year. It's a legendary initiative that we have
that people can participate in so I can teach them,
(25:36):
show them and walk alongside them to help them go
from zero to one hundred K. And so everybody joins
each and every year. Some people join at the beginning
of the year, some people join halfway through. But no
matter when you join, the lessons, the nuggets, the gems
that I'm dropping every day will help you get your money.
Speaker 2 (25:54):
Right when you start on January first.
Speaker 3 (25:56):
We start on January first, and I teach them everything
from how to invest, how to read a chart, how
to buy their first investment, how to put their money
on autopilot, just the nuances that still are not talked
about enough in our community, and still are things that
not enough of us are in engaged in at the
(26:17):
level we need to be engaged at.
Speaker 2 (26:18):
What's the top thing you think people should be thinking about?
Giving this whole new economic reality we're in right now.
It's funny you and Angela were just talking about only
twenty five percent of the people feel financially secure. That's
the one our financial financially secure, that's the one percent
they're supporting fifty percent of this economy about that also
means we are one stock market crash away from a
(26:42):
complete complete depression. Yeah, what do you tell how do
you tell people to prop themselves up in this environment?
Speaker 4 (26:49):
Man?
Speaker 3 (26:49):
You have to always prepare for a rainy day, no
matter how good things are going. Matter of fact, when
the market is at all time highs like it is
today and right now, is it Yeah, this is when
you Apple just hit all time high today. But what
you have to do is be thinking about, Okay, everything
that go up must come down.
Speaker 4 (27:08):
This don't last all ways, We're going to have a
twenty twenty two. We're gonna have a twenty twenty.
Speaker 3 (27:12):
Again, may not be COVID, but those conditions will repeat themselves,
and so you want to be prepared for that. Matter
of fact, you want to have your dry powder ready,
which is cash on the sideline while the current things
you are investing in is continue to do with things
so when the market pool is back, you have money
readily available to go invest and buy assets while they're
low so they can go up.
Speaker 1 (27:33):
And you're talking about diversification absolutely, and also thinking about
real estate, and I know we touched on that a
little bit, and I keep seeing so many people talking
about real estate. People are very nervous about you know,
people are waiting to see what's going to happen. They're
waiting for rates to go down. People are talking about
the cost of building, and then I see all these
like Guru saying why renting is better than buying and
(27:57):
things like that. So I definitely want to get what
your experience has been when it comes to real estate
and what you would say to people who are like, oh,
I don't think I even want to think about.
Speaker 3 (28:07):
That, man, Angela be coming with it. Boy, let me
tell you all this. The stock market to me, is
a easier the barrier, the entry is a lot easier
to get in the stock market. When it comes to
real estate, my wife and I, I told you at
the beginning of this show, we own everything, houses, cars,
the whole nine Our house we paid six hundred.
Speaker 4 (28:32):
Our house is paid off.
Speaker 3 (28:33):
But when we had a mortgage, our house, which is
very nice, was six hundred dollars a month. This is
the power of how you build wealth. Imagine the people
that's paying rent twelve hundred eighteen hundred, two thousand to
something you don't even own. When we own a house
that we were paying six hundred dollars on and because
that payment, we just are are rent twelve hundred. Okay,
(28:54):
we gonna make two payments since that's what everybody else
is paying to get that paid off even quicker. I
think real estate and ownership is the way to go
in my personal estimation. But the stock market is even
an easier vehicle to build wealth and for wealth creation.
Speaker 1 (29:12):
Yes both, that's diversification, certification, Yeah, that's what both of
you guys have spoke to.
Speaker 3 (29:17):
So yeah, it's both, but the stock market would be first,
real estate will be second. Real estate offer the tax advantages.
That's why we need to be in real estate. Angela
does a great job with all the stuff she does
in Detroit and her real estate portfolio.
Speaker 1 (29:31):
It definitely helped me with my y. Again, that building
definitely was a game changer when it comes as much,
but it is a lot more working effort. I do
want to say, like doing real estate, it's not let's
set it and go like I mean, depending on how
you do it, but it is effort that goes into
especially having great management. And then every day I'm getting
(29:52):
emails about, yeah, something that's happening, but we have management
that handles it. But at least I know what's going on.
Speaker 2 (29:58):
But our community is comfortable with real estate. Yeah, because
we used to see tangible.
Speaker 4 (30:04):
They can see it. Yep.
Speaker 2 (30:05):
Our early messages were about home ownership, so my grandfathers
and stuff, you know, but get some land, get some
proper understandable.
Speaker 1 (30:14):
How important is it having liquid cash or something that
you can like cash out quickly, because sometimes, especially with stocks,
it's not necessarily always right, something that you can access in.
Speaker 2 (30:25):
On those little micro investing accounts, you still got to
wait for your five three to five, sometimes seven days
to get your money.
Speaker 3 (30:32):
The stock Angela's on point having liquid cash. That's what
we pride ourselves. And we're My wife and I were
asset rich and liquid rich.
Speaker 4 (30:41):
We got it both ways.
Speaker 3 (30:43):
My thing is the stock market does allow you to
access that money relatively quickly, you know what I'm saying,
Versus like the selling of a house. If somebody put
their house on the market and nobody buy, you're still
waiting for that offer. With the stock market, I got,
I got a million dollars in that. If I needed
five hundred thousand of that, I can go take sell.
(31:04):
I can sell half of the shares to access five
hundred k of that million dollars that I got sitting
in Netflix.
Speaker 4 (31:10):
Does that make sense?
Speaker 2 (31:11):
Yeah?
Speaker 1 (31:11):
No, And I also sell. You invested in fan Base,
So talk to me about fan base and what made
you decide to do that.
Speaker 3 (31:18):
I'm an investor in general, I'm a sports and tech investor,
and fan base is a platform for social media and
I always want want to support us number one, number two.
I feel like we don't control our narrative. I know
I told you I get busy on YouTube, but imagine
(31:39):
having equity and ownership in something, and I think fan
base allows that. Now, I do think there's some work
that needs to be done on that ad. I would
love to see the Kisonnots of the world on those
app apps doing record numbers and being the first two
million subscribers or streamers on that type of thing. But
for me, it's important that we see us supporting us too.
(32:03):
Oftentimes I'm seeing black people tearing down black people on
social media, and you ain't gonna never get that from me.
I'm gonna big up everybody. I'm a love on everybody, and.
Speaker 1 (32:14):
I'm gonna business.
Speaker 3 (32:16):
I'm my business or invest or sow acced into what
you're doing, and I just want to leave by example.
And so that's all it was for fan base. I
invest in a lot of stuff. Some stuff is public,
some stuff you'll never know about.
Speaker 1 (32:29):
But how risky would you say that is or how
lucrative has that been?
Speaker 3 (32:34):
Those are what we call private equity type investments and Angela,
to be honest, you do it with the intent of
two things. You're gonna hold it for seven to ten
years and you may not get nothing. So you I
might lose all twenty five thousand of that that I
invested in fan base, or it might get bought out
by Facebook or another app, and I might turn twenty
(32:54):
five thousand into one million.
Speaker 1 (32:57):
And so that's the risk, and then people would be
so mad at him. We rove to for this, and then.
Speaker 2 (33:03):
I'm always gonna get.
Speaker 1 (33:08):
Yeah, So well, how can people sign up for the challenge.
Speaker 3 (33:12):
So if you sign up and you want to take
part in this year's hundred K challenge for twenty twenty six,
you go to Chris Saying dot com Slash one hundred
k Challenge. Everything that you want to be a part
of as it relates to investing in building wealth in
the stock market will be on my website Chrissaye dot com.
But the one hundred K challenge will be Slash one
hundred K Challenge.
Speaker 2 (33:33):
And you're gonna come back in January.
Speaker 3 (33:35):
I'm looking forward to it. Yes, I'm looking forward to it.
I want to launch it. I want as many people
as possible to take advantage of their financial future, and
it starts with you making that first decision to invest.
Speaker 1 (33:49):
Chris Sane I know you've got another book you're working on.
Speaker 4 (33:53):
Yeah, man, I am, I said, Adventures.
Speaker 2 (33:55):
Of Angela and Stacey.
Speaker 4 (33:57):
Yeah, I am. I'm working on them.
Speaker 3 (34:00):
I'm working on another book just because I need to
update my life.
Speaker 4 (34:03):
I wrote a memoir about my life when I was young.
It stopped at twenty seven, it stopped at twenty.
Speaker 3 (34:08):
Second, and I'm doing so much stuff from then to
now that I think others would be interested in knowing about.
Speaker 2 (34:14):
Is it going to be in the same book department
and category the.
Speaker 3 (34:17):
Second Yeah, it might be in a financial space, but
it'll still it'll still have that autobiography feel to it.
Speaker 2 (34:24):
Okay, we love all the things.
Speaker 1 (34:26):
Yes, it can be called smart athlete.
Speaker 2 (34:33):
Like that an hour.
Speaker 4 (34:39):
Power technology.
Speaker 2 (34:41):
Well, thank you so much for coming to Wealth Wednesdays.
And everybody followed Chris on Instagram, Instagram, It's just at
Chris Sane yep. And if you go to Wealth Wednesday's
newsletter Teamwealth Wednesdays dot com, guess who is our feature
this week? We have a special mister Christine. Happy Wealth Wednesdays.
Speaker 1 (34:58):
Everybody.
Speaker 4 (34:58):
Thank y'all for having me.
Speaker 1 (35:00):
Thank you
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