WUWY INTERVIEW: Earn Your Leisure Talks New Book 'You Deserve to Be Rich' Mindset, Money Risks, + More

Earn Your Leisure Talks New Book 'You Deserve to Be Rich' Mindset, Money Risks, + More

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Episode Transcript

Speaker 1 (00:03):
What's up? His way up at ante la yee for
a Wealth Wednesday and Stacey tusdam my partner's here with me.

Speaker 2 (00:08):
Happy Wealth Wednesdays, everybody. It is National Financial Wellness Month
and we are bringing you what Forbes calls the cultural
kings of financial literacy. They need no introduction.

Speaker 1 (00:21):
He liked that.

Speaker 2 (00:22):
I like that, you Leisia like you saying a lot.

Speaker 3 (00:24):
I can get a T shirt.

Speaker 1 (00:29):
Thank you guys for joining us.

Speaker 3 (00:31):
Thank you for having us. It's a privilege and an
honor to be amongst you.

Speaker 2 (00:34):
And we are celebrating today because yesterday, Yeah, you deserve
to be rich. Came out or so excited for you.

Speaker 1 (00:42):
This is awesome, beautiful.

Speaker 2 (00:44):
Really really a great book.

Speaker 1 (00:46):
I got a little advanced copy in and managed to
read most of it. Yeah, I did.

Speaker 4 (00:51):
You're a fast reader.

Speaker 1 (00:52):
I am. I'm a speed reader and you know I
love to read. I read all the time. So as
soon as I got my book in the mail, I
was like, Okay, let's dive into this. Yeah, what do
you think I mean? I think you know, we do
Wealth Wednesdays, and there's topics on here that I'm so
familiar with because we also like similar to what you
guys do. We definitely are also always trying to make

(01:12):
sure that we are giving whatever financial information that we
can to people, bringing on experts, you know, referring bringing
people up who also can help people get ahead, because
we do think that we all not just want to
be rich, deserve to be rich, right.

Speaker 2 (01:29):
My background is financial behavior, six years of research into
what drives financial behavior. And I love that you get
into the how important being aware of that trauma and
everything is. And straight off the bat from the title
of your book, you deserve to be rich? Why the
word deserve and what did you want to convey with that?

Speaker 5 (01:49):
Yeah, I think a lot of times people you know,
coming from working class environment, so you don't feel that
you're actually worthy of riches. You think that it's out
of the realm of possibility. You know, the word realistic
is a very dangerous word in the English language. And
a lot of times we're put in situations where we

(02:09):
think that the middle of the road is the end journey,
like that's like the highest.

Speaker 4 (02:15):
Level that we should we should have achieved to.

Speaker 5 (02:17):
Right like, and we never really think about becoming wealthy
or becoming rich because a lot of times, you know,
even going back to when people say, like, you know,
money's are really evil and it's just a lot of
negative connotation. A lot of times that has been given
to wealth. So a lot of times people don't aspire

(02:38):
to be to even be wealthy because they don't think
that they are capable of it. And in my brain,
that means that you don't think you do you deserve it.
So the first thing we're gonna talk about stocks and
real estate and credit and all that stuff. But the
first thing that we had to do is actually get
people to understand that they actually are worthy of being rich,

(02:59):
that they deserve to be rich, That it's not an
impossible dream, it's not something that's so far fetched. It's
not something that's only for entertainers and athletes like that.
Every average day person that comes from you know, any
any background can achieve financial freedom for financial success. So

(03:20):
read wiring the mindset of people is extremely important.

Speaker 1 (03:25):
Yeh, because they would say, like, you know, money can't
buy you happiness. A lot of times people equate money
with like, like you said, with being evil and not
something that you should aspire toward. But why shouldn't we
aspire toward that? And why shouldn't we feel like we
deserve to do that.

Speaker 3 (03:42):
Yeah, I think it goes back to like the first
line of book.

Speaker 6 (03:44):
I'm always interested when people open it and see the
first line is the American dream is a lot, right,
because we've been told, you know, it's the white pick
of fence, and it's the big house, and it's the
two and a half kids, which is impossible, and it's
the dog. And you realize that dreams aren't monolithic, right,
Like everybody dream is not the same, right, And so
people fall into that happen like this is what I

(04:05):
have to do. This is what I have to do.
I have to work harder to obtain it. And if
you study wealth, people work smart more than they work hard.
But it's a mindset, right, Like we have to see
it and we have to believe it. But we always
have to be around it, and in our communities, too
far and too many times we are not around it.

Speaker 3 (04:23):
Right.

Speaker 6 (04:23):
We don't have close proximity to what wealth looks like.
So the first thing and to get wealth is well,
somebody gotta get rich, right. We always say, like you
only get somebody to do it once, and then we
can become wealthy and we can make it sustainable.

Speaker 3 (04:34):
We can make it generational, but.

Speaker 6 (04:35):
It starts with that mindset like all right, let's debunk everything,
let's retrain, let's rethink, let's start over.

Speaker 3 (04:41):
So that's what this book feels like for everybody.

Speaker 2 (04:42):
A lot of people talk about changing your mindset without
knowing how to show people how to actually do that.
But if you there's this this interesting dichotomy here. If
you look at the black financial story, just even going
back to slavery, Lincoln freed the slaves. Within ten years,
those only freed slaves had a mass sixty million dollars

(05:03):
in the freedman's bank. That money got stolen from them.
Then we rebuilt, and you had this whole business age
and you know, you saw things like black Wall Street
and stuff, and that was taken from us. And we rebuilt,
and we rebuilt and we rebuilt. We are actually an
incredible story of resilience. But how do we reframe that?

(05:27):
How do you help people? You know, see that in
our story because all we see is the trauma of
the pain.

Speaker 1 (05:32):
We see that DEI is people that you know, and
that's getting scale back. But people are thinking that the
way that they are defining DEI is so not what
the purpose of it is.

Speaker 3 (05:43):
Yeah, I think you addressed a head on.

Speaker 6 (05:45):
I think for so long we haven't had conversations around trauma, right.

Speaker 3 (05:49):
Like why are we putting money under the match? Right?
Like why are we just bank? Exactly? Well, where's that
mistrust come from? Right? So if you understand the Freedman's bank,
you understand how money was stolen from us in railroads.

Speaker 6 (06:01):
And we talk about Black Wall Street all the time,
but this lingering effects with that, right, So we got
to meet that head on. I look at this this
body of work as like, you know, they talk about
social injustice. I feel like this is financial justice, right, Like,
this is the step by step let's talk about the traumas,
let's come up with solutions, and let's figure out how
we're going to execute on it. And so we're starting
to see that, right, Like people are gaining wealth at

(06:22):
a different rate now, and it's not because they're working harder,
but they're actually learning how to invest, right, they're learning
how to create business, create create business. Right, there's multiple
ways to create business, but it's changing, right, And the
fact that the first thing is like, all right, let's
realize that this is happening, right, let's come to terms

(06:43):
with it, but let's come up with a solution to
figure out how we combat it well.

Speaker 5 (06:47):
And then if you can't convince people of a lot
of the next best thing is just to confuse the truth.
So like even this whole dr thing is this distraction
and it's just it's made to confuse people. The first
The first thing is is just a light out lie
that you're lazy and whatever. You don't believe that. Then
the next thing is that you have a leg up
because of di which that's actually the furthest thing from

(07:09):
the truth. If you look at how much money's allocated
a back businesses, it's less than one percent of venture capital.
If you look at the fortune five hundred CEOs, it
is less than one percent.

Speaker 4 (07:16):
That's black. If you look at the amount of people
that buy.

Speaker 5 (07:19):
Homes, every everything, So where where is the where is
the leg up? There is no leg up. It's not
like the narrative that you're achieving success because it's an
unfair advantage that you have doesn't even make sense when
you look at it. It's really just to just it's
really to say, like any there's never supposed to be

(07:41):
any black person in any level of success. That's what
they It's the new way to kind of say the
N word without saying it, because it's like, okay, like
if you should see if you achieve success, then you
did it through DI, right, and that just discredits everything
that you did. So it's really just to keep every
every person that's black on the ground level. That's the

(08:01):
whole push of the DI talk. It's not really to
dismantle DI because there's no DI to dismantle. It's really
to make sure that there's a permanent underclass in society
and to make sure that nobody rises up the ranks,
because if they do rise up the ranks, then that's
easy to discredit because you don't have to have any facts.

(08:22):
You can just say d I. If you say it enough,
people believe it. So it's been said so much that
now you don't even have to provide any information or
any proof that somebody's not qualified.

Speaker 4 (08:31):
For their position.

Speaker 5 (08:32):
You could just say, Okay, they only got that position
because they're black, and now everybody just believes it because
that's been permeonated, and it's been permonated by the richest
people in the world. The richest person in the world
has championed.

Speaker 1 (08:42):
That, so right, you know, it's interesting. This is a
great time for this book to come out too, with
elections haven't happened. We're about to have a different president
coming back into office again. And I do feel like
a lot of people have been really discouraged about I mean,
some people think it's a great thing, but some people
have been discourage about what that looks like for us,

(09:02):
you know, as far as opportunities, as far as finances,
what's going on, because right now it is a difficult
time financially for a lot of people. We see what
the housing market is like, it's like, you know, the
lowest amount of transactions happening in like the past thirty
years or something like that. So and interest rates are
really high. People are waiting for them to come down.

(09:23):
And I know you guys also in this book addressed
like every facet of investing that you can, whether it's
real estate, whether it's stocks. It shows you all the
different like eleven different types of sectors. You know. When
it because I'm not that well versed in certain things,
like some things, yes, this is you know what I
focus on. But this book is great because I think
it lays down at any level for any person, some

(09:46):
of the foundation for what it is that you may
need to achieve wealth that you deserve, you know, to have.
So no matter what level you're at, what knowledge you have,
there's going to be other things that maybe you're not
as versed in that something like this can help you with,
or if you've never done any of these things. You
have really specific examples of people that could be anybody
that's reading the book that you're like, Okay, you know,

(10:08):
here's Julie. She makes forty thousand dollars a year, but
here's the amount of death that she has. Here's what
she did to be able to get herself on the
track to being able to achieve wealth.

Speaker 3 (10:17):
Yeah.

Speaker 6 (10:18):
Yeah, I think it's important. And that was one of
the goals when we were sitting down, was like, we
want everybody to identify themselves. And so the characters that
are in the book, like you said, they could be
any person. Right, it could have been your brother, it
could have been your Mom's been your cousin. Right, there's
a family that has a kid going to college. There's
a single day, so like, we all know somebody like that.
So inside that, let's figure out how we can figure

(10:40):
out the solution inside of the strategies that we're talking about.
So when you're talking about investing, like somebody might never
heard of what a stock was, Well, here's what a
sector is, here's what indexes is. Because if we look
at wealth, right, there are some similar characteristics.

Speaker 3 (10:53):
Right.

Speaker 6 (10:53):
Either somebody created a company and they own stocking it
and that's how they become wealthy.

Speaker 3 (10:57):
When we talk about the wealthiest.

Speaker 6 (10:58):
Person in the world, right, us and he owns shares
a tesla, or they own lands and they have real estate.
And so these are core principles. I think what's important
is that those things are important, but the future.

Speaker 3 (11:09):
Of investment is important.

Speaker 6 (11:11):
So we have to talk about what cryptocurrency is that
we have to evolve and make sure that we're current
because there hasn't been an asset class like this that's
ever we've ever seen.

Speaker 1 (11:19):
Yeah, there's so many people that didn't trust it when
it was first happening, and there were and there were
some people who were like, let me invest and figure
it out. And you know, it was fluctuating and there
was a period of time with the ha ha see
I told you, you know, no, what was your question?

Speaker 5 (11:33):
You had a question you said about the political landscape, right,
that people might be what's the question for?

Speaker 1 (11:39):
But I was gonna say a lot of people are
concerned about what's going to happen on them now, and
not just concerned but discouraged. Right. They might feel like, well,
what's going to happen to us? You know, when it
comes to student loan forgiveness? I see, you know, Donald
Trump is trying to reverse some of those things that
were put into placetos to security benefits, because that does
benefit people who are thinking about when they want to tired.

(12:00):
You know, there's a lot of things right now and
a lot of information that's being put out there, and
if you're not doing your own research or even going
on like you can go on the White House website
and see exactly what's happening. But then we see the
threats of trying to dismantle certain things that are being
put into place.

Speaker 2 (12:14):
You know.

Speaker 5 (12:14):
So the question is like the anxiety that people may
have based off of the new administration, and like what
they can do?

Speaker 1 (12:20):
Yes, thank you for summing that. Yeah, thanks, that's what
I mean. Yeah, So explain to me what you guys
think and what you would say to people who have
purchased this book, and that's what their main thing is.
I feel the anxiety about what's about to happen.

Speaker 5 (12:36):
Yeah, I mean as far as like, okay, like what
you can do politically not you can't do anything, and
as far as like with the anxiety that you yeah,
you're screwed. So that's why you wrote the book. Because
if you wait, if you're waiting, if you're waiting for government,
if you're waiting for government to save you, it's not
going to happen. Especially not gonna happen. Is this four
years is going to be based off of benefits for entrepreneurs,
very wealthy entrepreneurs and people that's investing, so you can

(12:58):
benefit from that. But if you're looking for some level
of help, that's not going to happen.

Speaker 2 (13:06):
So no one's going to say it's never really happened.

Speaker 4 (13:08):
No, it's never happened.

Speaker 2 (13:08):
No one's going to say it's happens. When you hear
all this and fear based thinking. First of all, I
think this this election really highlighted the financial illiteracy crisis
in this country because it was one on a completely
false narrative about the economy that wasn't true.

Speaker 6 (13:26):
And then if we can get and thank you, I
watched you explain it. When we're talking about people don't
understand how it works. So they're just saying, hey.

Speaker 1 (13:33):
Watch that, of course, but it's important.

Speaker 3 (13:38):
For them to know.

Speaker 6 (13:38):
Right they're thinking, oh, I'm going to bring prices down,
and so, you know, you get elected and you realize,
I'm not sure that's not how.

Speaker 5 (13:46):
The quicker we could get to that, the better welf
will be. So the quicker we could just get people
to understand that, no, it's not going to work out
for you that way. It's not it's not going to happen.

Speaker 1 (13:55):
But it can't work out.

Speaker 2 (13:56):
But we got there because it first place.

Speaker 5 (13:59):
But as far as the how, it's not gonna work
out for you. As far as waiting for the price
of milk to go down, it's not gonna work out
for you. Waiting for student loans to just evaporate, it's
not gonna work out for you. Waiting for you know,
living costs to go down and controlled rent for every

(14:19):
single person, that's not gonna happen for you. So the
only way it's gonna happen for you is if you
take control your own destiny. That's the whole point of
the whole point, like master the inner game of wealth.
You have to understand for yourself. This is a capitalist
of society, and the people that are rewarded and people
that win are the people that understand the game and
play it efficiently. So you have to learn how to
invest in the stock market, that's important. You have to

(14:40):
learn about new technology, you have to learn about cryptocurrency,
you have to learn about you have to be you
have to be an entrepreneur on a certain level, like
you have to take your destiny into your own hands.

Speaker 4 (14:50):
Yeah, we can.

Speaker 5 (14:50):
We can play the political game, and that that is important.
But even that we play it the wrong way, like
we play it from a standpoint of marching and trying
to play off. People say, but there's no sympathy. You
have to only play it. The only thing that people
politicians respect is money. So we've done we've done everything
except for actually play the game the right way, which
is money. Right, You go to a politician and you

(15:12):
fund their campaign and then they do what you want
them to do. Elon Musk is a perfect example that
he gave two hundred million of Trump and made two
hundred billion in return. That's a great, that's a great investment.
So I think a lot of time we just get
too emotionally caught up in things and we look at
it from an emotional standpoint.

Speaker 1 (15:27):
What do you think about morals when it comes to like,
let's say, I want to know, first of all, what
you guys think about Elon Musk and what if he
was like you know what, I want to be down with,
like earn your leisure and I want to just let's
just say something like that happened, and I want to invest,
Like when it comes to morals and money, do those
two things can they coexist?

Speaker 3 (15:46):
Like?

Speaker 1 (15:47):
Can you can you maybe take some money from somebody
who you morally can't stand? But I don't know, maybe
you guys like him, I'm not sure, but I'm just
saying I'm just curious what you have to say about that.

Speaker 5 (15:59):
I mean, if you have no morals, then money doesn't
matter because you'll do anything for money. You'll do anything
for money, right, So if you have if you're doing
anything for money, then I can't trust somebody because that
means you're robbed. You're still like you need to yeah, exactly. So,
of course, morals always have to come before money because
when money's not here, morals will always be here. So

(16:20):
as far as us doing business, now, we're not looking
through business with everybody. If we don't, if we don't
align with the person, then why would we do business
with them? This this comes from a scarcity mindset of like,
I gotta do this deal because it's the only opportunity
that I'm ever gonna have. If you come from an abundant mindset,
then you realize that not as multiple, If this is
not the right deal for me, then maybe you know,
I gotta just wait it out six months down the line,

(16:41):
like I'll get into a better situation, or I'll just
do it myself. I'll take the stairs instead of the elevator,
right and self fund the situation as opposed to take
it in investors. We never took outside capital. So Elon Musk,
you know, he's an interested person. I think that he's
an opportunitist more than anything. And I think that you know,
he sees opportunities for himself to for really world domination.
I think that's that's his end goo And I think

(17:02):
that he's willing to do whatever it takes and say
whatever it takes. And you know, Trump is somebody that
is kind of similar to that, So they don't really
their moral compass is a little different, but they also
didn't have to go through that pathway of having a
moral compass like you know, when you are born in
and parts of South Africa and you are part of

(17:24):
the ruling party that's ruling over I mean, yeah, you
gotta of course what kind of moral compass are you're
going to have? You benefited from that system. You got
to think about that, even if you wasn't a full adult.
You know, that's that's still in your your level of psyche.
It's still how you look at people still, how you
look at power struts. You just take what you want
because that's what happened. So I think that he still

(17:44):
he still has that colonize of mindset, even going to Mars.
Like the way that they talk about Mars is very
interesting because it's it's still done from a colonize of mindset,
not asking people we don't even know if there's people
on Mars, thoughts we are already making we already making
plans for a planet, right because we should. Some people

(18:05):
just psychologically think that everything is there.

Speaker 2 (18:11):
And all that decides isn't isn't financial freedom. You know,
the we focus so much on the financial the freedom part,
it's finding your power because you align your finances with
who you authentically are and what you really are, and
that's the you know, that's real wealth. And I think
I always say money's greatest gift is it can really

(18:31):
reflect back to you where you are and are not
living in step with who you really are. When people
align their core values with their finances, they tend to
find that they have the money that they need. And
I love you guys. Really lay out three principles for
financial freedom in this book. You deserve to be Rich
available since yesterday you say so, talk to us about

(18:53):
your active and residual income, control of your time and
on your terms.

Speaker 4 (19:01):
Active and residual income.

Speaker 2 (19:03):
I got this straight out of your book. Three principles
of financial freedom, active.

Speaker 5 (19:09):
And residual income. That's important because most of the time
how most people were taught about income was from an
active standpoint, like work for it, Like you had to
go to work and then you get paid to work, right,
and then most of the time the work that we're
doing is from the neck down, so it's manual labor
jobs like you know, what I mean, Like you go
and you you use your hands, like your construction and

(19:33):
stuff like that. Like you know, you you you have
a hard days of work and then you get paid
for that. But most of the money is made from
the neck up and it's people that actually is just
thinking for a living. And that goes back to the
passive income where it's like you can only make so
much money during the course of a day. And Warren
Buffett said, like, if you don't make money while you sleep,
you're gonna work till you die. So the whole point

(19:54):
is to actually make money while you're not working. That's passive.
So real estate stocks, businesses this twenty four hours a day, right,
So this is you could be on vacation, you could
be at soccer which your son, you can be working
on another business while you're making money. So when you
start to understand that, and that goes back to psychologically

(20:15):
how we look at money. When you start to understand that,
then you look at things differently. You're not thinking about
how can I get the hardest shift possible, how can
I work ten overtime shifts? You're thinking about how can
I make some money? But how can I make this
money double. How can I put it in this investment?
How can I get this home? How can I do that?
That's your main focus as opposed to because you can't

(20:37):
focus on too many things at one time. And that
was the whole point of it. Even for Frederick Douglass
actually said something that was extremely insightful when he was like,
you know, the system, the system of slavery was not
going to last forever. They actually knew that. So even
when they abolished slavery, they abolished it, but they still
kept the core principle of making people work and not
having anything. So you still technically a slave, right, you

(20:57):
don't have the shackles on your feet. You can go home,
but if you work all day, somebody's weeping the benefits
of your rewards and you don't have anything to show
for it. Well, that sounds like a lot of people
in America, black and white. So when you start to
break that chain and you realize like, okay, now there's
more to life than just physically working for a paycheck.
So that's important, that that dynamic is important.

Speaker 6 (21:18):
Yeah, And I guess based on the passive income the
explanation of that it kind of goes into two and three. Right,
so earn your leisure even that the name is based
on controlling your time, right, Like the leisure.

Speaker 2 (21:27):
Parties came up with that because you're trying to teach
how to earn your leaders.

Speaker 3 (21:30):
Yeah, it's about the name stuff, the name stuff.

Speaker 6 (21:32):
So it was just about the freedoms, right, like how
do we get our time back? And that goes for anybody, Right,
I was working nine to five. He was an entrepreneur.

Speaker 3 (21:39):
While I'm working, I'm realizing, like I don't have the
amount of time.

Speaker 6 (21:42):
That I need to do the things I really want.
And a lot of people struggle.

Speaker 1 (21:45):
With that, right, I think most people, most people, Right,
So how do.

Speaker 6 (21:49):
I change that? I have to get back my time? Right,
I can't exchange my time for money.

Speaker 3 (21:52):
It's the number one.

Speaker 6 (21:53):
It's the most valuable asset that we can't replicate and
we can't get back. And so it became a situation
where I'm like, all right, if I'm doing nine to three,
that's good, But what am I doing from four to twelve?

Speaker 3 (22:02):
Right?

Speaker 6 (22:03):
Can I have something from four to twelve that can
almost become the new norm for me, that can replace
what I was doing in nine to three? And I
was like, all right, well, here comes this this idea
that we have called ernial leisure. Let's see where this goes.
And you start seeing the impact, I start getting my
time back. Right now, I get them like, hey, this
can actually supplement income, right, this income can now be
the main thing.

Speaker 3 (22:23):
Now I get to have more freedoms. Right, I thought
I did. Right. People don't realize that's an entrepreneur you're gonna.

Speaker 1 (22:28):
Work hard on but at least for yourself.

Speaker 6 (22:31):
So yeah, then that goes to the last part, right,
control your time and do it on your terms. So
on your terms, it's like, now I'm doing I still educate,
I just don't do it in the classroom. I'm still
doing what I love, right, I just get to share
it with the world, not a school district. And so
doing it on your terms, it's like, hey, we've earned
the right to do it, right, We've earned the freedom
to now do it how we want. We get to
show up in polos and hoodies and tims.

Speaker 1 (22:55):
We're authentically not on the inside jacket.

Speaker 3 (22:57):
No, look at that.

Speaker 6 (22:58):
We'll get focus, Angela, let's stay focused. But we get
to do it on our own terms, which is a
breath refrustator.

Speaker 3 (23:05):
Right, Like, we've watched finance for years and it never
looked like us. Right.

Speaker 2 (23:10):
You know what about people who think how but I
have to work hard to get that. I know, like
there's some single mom out there listening and this going, well,
what am I doing from four to nine? I'm taking
care of it?

Speaker 3 (23:21):
And she's in the book, she's in the vote.

Speaker 2 (23:24):
It's even more important to make your money work as
hard as you're working.

Speaker 6 (23:28):
It has to work harder than you're working, right, Like,
we look at it like, hey, if you're making money, right,
those become your soldiers, right.

Speaker 3 (23:35):
You got to put the bat on the field, right,
Those soldiers need to bring back more money.

Speaker 6 (23:40):
If they don't, you're going to keep being in that
cycle of I'm working, I'm working hard, I'm doing overtime.
I got to get a second job. You're just treating
your time for money, right. We have to make sure
that it's out there bringing back more. So the more
it brings back in, the more time you're going to
have back to yourself. It's the only way to get
out that right race.

Speaker 1 (23:56):
And when you guys talk about on your own terms,
Another thing I want to ask you, you are a
childhood friends how is it working with your friends? Because
we've seen a lot of people who came up started
doing stuff together and then it didn't work out, and
partnerships can be difficult. So what are some of the
rules that you have because people might want to read
this book and think about like being an entrepreneur, maybe

(24:16):
teaming up with somebody, family, friends, or whatever. But what
are the parameters that you've been able to set to
successfully have this run?

Speaker 6 (24:23):
I'll tell Shy never called me up to ten. I
think it starts with respect. I mean, our relationship is
very unique. It as a brotherhood first. So before there
was any arnallesia, before there was any businesses, it was
two dudes used to play ball together, who.

Speaker 1 (24:38):
Had who was better?

Speaker 3 (24:40):
He was better?

Speaker 1 (24:40):
Okay for sure?

Speaker 3 (24:41):
See like how humble I am telling me? Yeah?

Speaker 6 (24:45):
I mean, and we had a belief like in each
other growing up right like we were. We had a
group of friends, but me and him were more kindred
mind in a sense. And so anytime he has something
going on, I'm supporting. Anytime I had something going on,
He's supporting. And so that just kind of grew and
then as you grow as young men and men and
fathers you start to realize strengths and weaknesses. And so

(25:07):
every time I see that he has a strength, I'm like, good,
I could be good at that, but he's already strong.
And anytime I see a weakness, I'm like, all right,
I need to be better at this for our unit
to work. And so it's always been that, like he's
super creative, right, he's super innovative. I'm more like, hands on,
how are we going to execute this right? And so
that balances each other, Like he comes up what I did,

(25:29):
so shrew the text and shrewed it out to the group,
and I just wait because while he's thinking of that,
he has the idea, I'm like, all right, let me
clear some my mind out to see like how we're
going to get this done.

Speaker 3 (25:39):
And that's usually worked.

Speaker 1 (25:40):
That's yeah, because you can't both do the same thing.

Speaker 3 (25:42):
I tried that. I tried that.

Speaker 6 (25:43):
I realized that when we started he was great at
social media.

Speaker 1 (25:48):
I mean you could see my social media, like I
tell you to take some shit down to.

Speaker 3 (25:52):
I was like, yo, what, I'll get up and I'll
start posting on this on earner Lisu's page. And like
after the first day, I'm waking up at five am
to do this.

Speaker 6 (25:59):
I'm like, yo, it takes me like thirty minutes to
write a cashle and I know it might take him
two minutes.

Speaker 1 (26:04):
He's overthinking it.

Speaker 3 (26:05):
I was Almo over thinking that. I'm checking punctuation. I'm like,
we gotta make sure this is right. Where's the comma?
And then I was like, you know what, this is
not good. I'm good at research.

Speaker 6 (26:16):
I can go look at the articles and find out
what's important. I'll send to him, let him go do
his magic.

Speaker 1 (26:21):
I got the gift of gab.

Speaker 2 (26:23):
Yeah, definitely. And you talk about that the importance of it.
Sounds like you guys have just been each other's forever,
a money team and an accountability partner being on that team,
and it's difficult because there's so much shame around asking
for help for money. Tell people how important that team,
that backup person and getting over that shame is.

Speaker 5 (26:44):
Yeah, for sure. I mean you got to be able
to you know, it goes back to childhood. A lot
of times, you know, our parents told us like, don't
ask an adult how much money he makes or she makes.

Speaker 2 (26:55):
And you talk about sex easier than money.

Speaker 5 (26:57):
Yeah, exactly, stay out of grown folks business, and so
you internalize that and you think that you know, you
don't talk about money, right, and then that.

Speaker 2 (27:09):
That's every community, that's everybody.

Speaker 5 (27:11):
And that turns into not asking about it as well,
right like you want. You know, even Gez. We talked
to Jez and he was telling us about his first
check that he got for a million dollars and he
didn't cash a check for a year because he didn't
know how to cash a checker. So but he was
like he was too embarrassed to talk to anybody about
it because it's like, you know, it was kind of

(27:34):
an embarrassing thing not to know what to do with
the check if you're in your mid twenties and you're
a millionaire, like you know what I mean. So having
that ability to have, you know, an accountability partner in
the group, I think kind of it lowers your guard
because now everybody kind of has some level of vulnerability.
You might not know one thing about real estate, somebody

(27:56):
else might not know something about stock, somebody else might
not something that's about credit. So we we all learning together,
and you have.

Speaker 1 (28:02):
To have an openness to be able to do that too,
because some people are like I'm not doing that. I'm
not and they won't open their mind up to be
able to learn because I'm very quick to be that. Look,
I don't know how to do that. I need somebody
who knows to teach me how or let me go
ahead and take this course because reading this book, because
like I said, I don't know. I have like my
very safe investments because I want to make sure when

(28:23):
it's time to retire that that is you know what
it is. But I do want to be more active
when it comes to investing in the stock market. And
then that makes me think like, okay, well maybe I
need to take some courses, but also watch you guys
and figure that out too.

Speaker 3 (28:39):
I think that's what makes it such a unique time, right.
I go back to my school all.

Speaker 6 (28:42):
The time and they talk about retirement, and retirement just
meant like there was a guy that was coming like
once a year and hopefully you meet him in the cafeteria.
But you know, since we've been doing any leisure, people
are not looking at it as an age anymore.

Speaker 3 (28:55):
They're looking at it as a number. And that's a
mindset change.

Speaker 6 (28:58):
Just like once I get to this, but I feel
comfortable with retiring it's important. I mean that type of
mindset changes things, but it goes back to, you know,
kind of what you're saying, having that accountability partner. I
come from a background in health and physid like I
didn't come back from a background in finance. I taught
myself that he comes from, you know, a background of
sales and finance as well. But I remember he used

(29:18):
to tell me, like, you know, kill the deal, kill
the deal, and so that mindset kind of stuck with me.
Anytime I would talk about an investment, I run it
by him and he would like, try to kill the deal.
He'd be like, yo, no, it's not gonna work. No,
why would you do that? Why would you do that?
And I'm just like, damn, I gotta really sharpen my
skills because he's finding with holds in everything I'm saying
about this investment, to the point where it was like
I tell him something now and it's like he trusted

(29:40):
because he knows that at.

Speaker 1 (29:41):
This week, you've done the work.

Speaker 6 (29:43):
By yeah, far, I have done the work. And now
it's like there's no hole to shooting it right, Like
this makes a lot of sense, and I can see
how you've seen it but early on it was like,
now I'm not seeing that. Nah, if you do that,
it's gonna mess up. I'm like, all right, yeah, you're right,
let me go back. But that's sharp in my eye,
you know what I'm saying.

Speaker 1 (29:58):
You know what, It's great too. You've been really honest
about like your family and losing a house when you
were young to foreclosure, and how that's affected how your
parents view money, how they view investing, And that's a
lot of our stories when it comes to our families
and issues that they've had with money in the past
that has definitely clouded whatever it is that they might

(30:20):
feel comfortable doing in the future. So for you, you know how,
like just even this journey that you've been on, I
would love to hear what your parents have to say
about seeing where you guys are now, because this was
something when y'all first started this, it was like, all right,
we don't know where this is going to go or
what's gonna end up happening, And here we are now.

Speaker 6 (30:42):
Yeah, our story is going to be very different. Obviously,
you know he's an entrepreneurial dad. I let him tell it.
But you know, my parents come from nine to five.
My dad worked for forty three years. I remember doing
Alesia and telling him like, my mom, I'm like, this
is it. I'm not going back to teaching. It's like, oh, whatever,
you'll be back. And then I was like, yeah, I'm
not going back. And she was like, are you sure

(31:03):
you're retired?

Speaker 3 (31:03):
You know the usual things.

Speaker 6 (31:04):
What about your four on one K, your four or
three B, your health insurance, all these these I could
hear the fear and the.

Speaker 7 (31:10):
Anxieties teachers they get about that, and it made me
think about the trauma that they faced, right, and so
I understood it, but I understood who I was in
my family.

Speaker 6 (31:23):
I'm the kid that's willing to take the risks. I'm
the kid that's willing to take the chance because I
know we're closer to zero than we are to the
real goal of generational wealth, and so the chance doesn't
feel as great.

Speaker 3 (31:34):
To me as it did to them. Whereas their first generation,
I'm first generation American. My parents are from Jamaica. They
didn't have financial education.

Speaker 6 (31:42):
They were making decisions based on what their family members
were telling them. Some of those decisions didn't work out.
They still live with that. I can make a decision
doesn't work out, I can move on. Right, I have
the wherewithal I have the education, I have the resources
to say and that's without money.

Speaker 4 (31:56):
I have the.

Speaker 6 (31:56):
Resources say all I've learned from this mistake. How do
I how do I get up and recover for it?
My mom read the book and she yeah, yeah. When
I went this, I sat down. I was like, what
you think? And she was kind of hesitanting.

Speaker 3 (32:09):
She was like, why'd you tell all those stories?

Speaker 6 (32:12):
I'm like, I needed to tell them. She's like, everybody
doesn't need to know our personal business. I'm like, no, no,
it's not our business. This is going to help educate people.
In fact when they hear this story, Like you said,
this is everybody's story. Right, you're from Jamaica. How are
you supposed to know what adjustable rate mortgage is or
if this rate mortgage is?

Speaker 1 (32:30):
So many people got that, Yeah, we don't know.

Speaker 6 (32:34):
And so like when your dad gets his car repulled
by his brother, like, okay, we don't have a car anymore.
And then you go from a house to the white
house with the picket.

Speaker 3 (32:44):
Fence, and then you go into an apartment.

Speaker 6 (32:45):
Then you liveing in somebody's basement and it's like it
feels embarrassing, but I'm like, no, it's the triumph in
that story.

Speaker 3 (32:52):
Right.

Speaker 6 (32:52):
The person that wrote this book lived through that, so
it can encourage and hopefully inspire people to like, hey,
if that's my circumstances, it's not over right, what's the
X factor in that?

Speaker 2 (33:03):
Because I identified there's three major drivers in our financial
belief system. I call them money scripts. Just like actors
follow scripts, we blindly follow these scripts. There's childhood scripts
the way you saw money handled or not discussed or
not growing up or not your brain literally you know,

(33:24):
says okay, this is right and wrong. There's social script
about gender, race, culture, all that kind of stuff. Something
in your parents, even though they had all that stuff
going on, you saw something that Okay, I can do
it anyway. What do you think that X factor was?

Speaker 3 (33:40):
You know what, it's a unique thing.

Speaker 6 (33:42):
And as we are going on this port tour and
some people get in the book early, there's a uniqueness
in people that they just believe right away, Like if
you ask him, he'll tell you he never thought he
wasn't going to be wealthy.

Speaker 3 (33:53):
Right. I have essays that my mom kept when I
was in third grade, saying I'm going to be a millionaire.
No Clid's cue, she.

Speaker 6 (34:00):
Still has them, right, Like, in my mind, I saw
wealth for myself, right, it didn't matter what was.

Speaker 3 (34:05):
Going on around me when we were living in the basement.

Speaker 6 (34:08):
Or you know, I watched my dad work and my
mom controlled all the money.

Speaker 3 (34:12):
I'm sure that's plenty of households. I'm like, oh, she
must be more disciplined than him. Why does he keep
giving her the money? Right?

Speaker 6 (34:18):
Like, so you're working in and she's getting the money
to manage it. Does that mean you can't manage it? Nah,
I'm not gonna be like the guy who can't manage it.
I'm gonna I'm gonna manage the money when I get older.

Speaker 3 (34:26):
So I'm watching those things, and innately it was like,
I'm gonna be wealthy. I just knew it.

Speaker 6 (34:31):
I just was like, Hey, at some point, I'm gonna
be wealthy. I don't know how I'm gonna do it,
but I just know I have the mindset for it.
And so I think I'm noticing now like the people
who feel like that and they.

Speaker 3 (34:43):
Have that belief, they make it happen.

Speaker 2 (34:45):
Yeah.

Speaker 6 (34:45):
Right, there's just this innate thing that they have from
childhood that they followed this dream, they followed the intuition,
and they have the whrewlthal to say, all right, that's
gonna be me, this is gonna be my lifestyle.

Speaker 1 (34:55):
Ambrashad your father as an entrepreneur, did you always know
like this is gonna be my past too? Just from
watching him?

Speaker 5 (35:02):
Yeah, I always know I wanted to be an entrepreneur,
just from a lot of different stuff. I mean him definitely,
and then just different inspiration that I was getting growing up.
You dodge on inspiration from everything you know, from music
to movies to just different different things. So all of these,
all of these things that was shaping my reality all
pointed in the direction of being an entrepreneur. So I

(35:26):
always never really had an idea of like exactly what
I wanted to do as far as entrepreneurship. But I
never wanted to I never aspired to have a job.
I never wanted to go on like a career. I
never wanted to be like, Okay, I want to be
a lawyer. I want to be like I never never
had any aspirations of like working a job or having

(35:47):
a career, like in a traditional sense, how.

Speaker 1 (35:50):
Is it too for you guys, being on the pedestal
that you're on, everything doesn't always work out the way
that you intended it to. And so, but like you
said about your parents, being honest about those things that
didn't workout can actually help other people because no matter
who you are, what position you're in, everything is not
a home run, you know, and I think we all
know that. So how do you deal with that when
it's like okay, you know, because sometimes, yeah, sometimes that's

(36:13):
not easy.

Speaker 5 (36:14):
Yeah, I mean, you know, it's just it's just life,
you know, It's wins and losses in life. Like you know,
no matter what you no matter who you are, it's challenges.
You know, you're gonna be tested. You're gonna be tested
with your children, with your family, your spouse, your money,
everybody has challenges. So you know, we just we just
live like you know. Of course, it's good days, it's
bad days. There's there's wins, there's losses. Everything is a

(36:36):
lesson And I feel like, you know, a lot of
times we share different things that have happened to us
or are currently happening to us with our audience and
they get some level of insight. Hopefully they can avoid
making making some mistakes. But now you can't really look
at it from a victim standpoint. You can't look at it.
You can't feel sorry for yourself because nobody's gonna feel
sorry for you. And I think that just leads to,

(36:57):
you know, depression, that leads to anger, that leads to
a variety of different things. When you start to think
about like, Okay, well why did this go bad for me?
Or I come this thing work out for me, or
I come this thing go You just gotta keep going
like life is about just moving forward, Like you know
it's not going. Everything is not gonna always work out,
but that's part of the journey. Trying not to get
too high, try not to get too low. Just stay,
just stay even because you know, when you get too

(37:19):
high emotionally, you setting yourself up for a crash because
it's not always going to be great. When you get
too low, you sen yourself up with depression because it's
not always going to be bad. So if you just
stay in the middle, then I feel like you know
you'll be positioned to whether it's storm.

Speaker 2 (37:33):
And don't you think people have to get a little
more realistic and comfortable with being uncomfortable. No growth ever
came when you're comfortable and just kind of reframing, Okay,
these challenges are actually tools instead of oh my gosh,
this feels terrible and getting so lost and the feeling
of it. Feelings pass unless you dwell on them, and

(37:53):
just like kind of getting over yourself.

Speaker 3 (37:54):
It's crazy.

Speaker 4 (37:55):
I was.

Speaker 6 (37:55):
I was just listening to Scissor on the Way and
on the first songs you talk about I gotta have
to be broken for it to grow, and so that
that's life, right, Like you're gonna get stronger from the
healing because you learned from something that you didn't have,
Like there's a chink in your armor that you now
have that you didn't have a prior to your circumstances.
And that goes to anything investment included. I remember that

(38:18):
there's days when it's like there's an emotional roller coaster.

Speaker 3 (38:21):
I just tell people put your seatboat on.

Speaker 2 (38:22):
Yeah.

Speaker 1 (38:23):
I always say it's like even some things, you might
take some losses, but that's like paying for education and classes.
You know, we pay to go to school, and so
I always look at it it's like, well that was
a school for me, Like I just invested in some
education to learn from what just happened.

Speaker 6 (38:36):
I mean, you're not going to succeed if you have
a short term mindset when it comes to investing in
becoming wealthy. It's not going to happen overnight, right, it
may not even happen on your time. Don't happen in
God's will, right, So, like we would purpose to do this, right,
Like you even think about our careers prize to this
financial advisor teacher, Yeah, we would individuals before this, But

(38:57):
like when we're together, that makes financial literacy. It just
kind of works out that way. And so you got
to have and it's funny because we I was gonna
lose to it. Like, but like having not having emotions
when it comes to investment sometimes works for you, right,
Like I don't love a company, I'll invest in a company, right,
I don't love this piece of property, but I'll invest
in that property. Right, So you take that piece out

(39:18):
of it. Now you realize this is something that's just
trying to make those soldiers work, Yeah, a little bit
harder so they can bring back.

Speaker 2 (39:24):
More Money's so great. I mean you it ultimately ends
up being a spiritual journey because you got to learn
how to transcend fear, it'll teach you all those things,
but investing, I really want your guys take on this.
Blacks have been the largest number of first time investors
to the stock market the past couple of years.

Speaker 3 (39:39):
In a row, since twenty nineteen.

Speaker 2 (39:40):
Yep, and there's still this notion. That's the very first
financial conversation I had with Angel almost ten years ago.
I came in to talk about how Blacks have to
lose this notion that you have to be rich to invest.
It's still out there. I talked to a lot of
people about, you know, wanting to get out of debt
and you know, wanting to invest. I can't invest because
I have debt.

Speaker 1 (39:59):
Right types of debt, and two guys addressing.

Speaker 2 (40:02):
You guys talk about that whole investing part of it
and our fear of it in your book.

Speaker 4 (40:07):
Yeah, for sure.

Speaker 5 (40:08):
I mean there's some truth to that. I mean, it
is kind of hard to invest if you don't have
money to invest. So a lot of people are living
paycheck to paycheck, a lot of people are in debt,
so that that's kind of the first part of you know,
figuring out the financial aspect is figuring out how to
get out of debt. Figuring out how to manage debt,
figuring out how to increase your income.

Speaker 4 (40:27):
That's important.

Speaker 5 (40:28):
That is important, figuring out how to budget, figuring out
how to you know, not spend money on things that
you don't need so you can have a higher amount
of discretionary income so you actually can invest. So all
that stuff is actually comes does come before investing to me.
But then it's understanding that investing is not really optional,
like when you give, when you put optional on it,

(40:48):
then you're never gonna do it. It's like, all right,
I'm gonna do it after this, after that. After that,
it's just like, yeah, your cell phone bill, like your
cell phone bill has to get paid. There's no option,
Like everybody's going to find a way to pay their
cell phone bill, right because nobody can live without their phone.
So it's like you gotta find a way to put
money away and you can't treat it like if there's

(41:10):
anything left, I'll get to it at that point in Tom, like,
you know, you gotta really pay yourself first, and dollar
cost average and something that we talk about and that's
the great thing about the four to one K is
it comes out of your paycheck and it develops a
discipline form of saving.

Speaker 1 (41:25):
And sometimes it's a match, and then why would you
not do the free money match?

Speaker 6 (41:29):
And when you do that, the eighth wonder of the
world comes into account, compounded interest.

Speaker 3 (41:34):
You know.

Speaker 1 (41:34):
When I first started, like getting ready for I did
my broth, I was only putting fifty dollars in a
month because I didn't have a lot of money. But
I was like, I'm gonna do something. And that was
like super early on for me. And I saw that
grow and that gave me a lot more confidence. Like
after a couple of years, I was like, okay, and
I could do a little bit more. And that was
before I had paid off like everything, but I was like,

(41:55):
I can do fifty dollars, you know.

Speaker 6 (41:57):
Yeah, I mean fifty dollars is better than zero. Yeah, right,
So like even the fact that you did it, that
takes financial maturity to say, all right, hey, most people
will create that brokeer's account, right, they'll invest it and
the stock market will go down and they'll say, I'm out.

Speaker 3 (42:10):
Of here, I lost one hundred dollars, right.

Speaker 6 (42:13):
They're not realizing the education behind it is like eighty
three percent of the time since nineteen twenty five. The
stock market that's going up, right, so you have to
keep it in the long term. That's why I said
that short term vision is what fails us. We want
money so fast, right, we haven't had it so long
that as soon as like there's an opportunity. That's why
I said crypto is important because the asset class, but
invest in the market is important. As soon as we

(42:34):
see money, we're like, oh wait, we made some and
if we lose it, it's like I'm out of here.
I'm never doing this again. But we got to learn, right.
It takes a process. Right in two thousand and eight,
that was me. I invested in the market, then the
market crash, I'm like, damn, I'm out of here. I
had invested in Apple it was eighty five dollars. If
I had just kept the money in there, I mean,
Apple doesn't split three times.

Speaker 2 (42:54):
The first people to panic aerial investments, so the first
people to pan excel in a falling life. We also
have a lot of us are first generation. We're carrying
that extra weight for eight times more likely to be
financially supporting family members.

Speaker 3 (43:09):
So it's a lot and nobody taught us like I can't.

Speaker 6 (43:11):
I couldn't ask my dad for advice he has even now,
like he's watching Market Mondays and talking to me about.

Speaker 2 (43:18):
Time to start watching Wealth Wednesdays.

Speaker 3 (43:20):
Of course I know he's watching it because he's.

Speaker 1 (43:24):
Learning, so at the time, it's never too late to learn,
never did.

Speaker 6 (43:27):
There's no age limit to this, and that's the beautiful things.
And I know we talk about our community a lot,
but the book is really for all communities.

Speaker 3 (43:33):
Right, Like my next door neighbor would hit me.

Speaker 6 (43:35):
I gave him a copy for Christmas and he was like, look,
this is an incredible kind of just half an hour
of your time.

Speaker 3 (43:40):
I'm like, come on side. We can talk about it.

Speaker 1 (43:45):
You'll talk about viral questions that happened on social media,
which is always a fun thing because, like I said,
this is a really relatable book for anybody.

Speaker 4 (43:53):
Right.

Speaker 1 (43:54):
So one of those questions that you guys had on
there is about co signing.

Speaker 5 (43:57):
Right.

Speaker 1 (43:57):
There was this whole thing that went viral where this
woman wanted to I think it was her brother's car.
She wanted to co sign and her husband told her no,
he didn't think it was a good idea because if
he already had messed up credit. Clearly he wasn't handling business.
And then she ended up giving doing the co sign
and then sure enough he defaulted on that, and you know,
and then she needed her husband and he told her no. Right,

(44:20):
And so I got to ask y'all, like, if a
family member did ask you to co sign, because that's
a hard thing, you know what I mean when it
comes to family and money. So if a family member
did ask you to co sign, would you tell them no?
What would your your because it's different to give advice,
but then can you take that advice family member?

Speaker 3 (44:37):
Like children or like your.

Speaker 1 (44:40):
Kids don't getting cars yet?

Speaker 3 (44:41):
Well I was on yet, but yeah, yeah, I mean
I've learned, and this is again something we talk about,
like becoming the CEO of the family and understand that
knows a complete sentence.

Speaker 6 (44:51):
The education around it is important. Right, So if I'm
gonna tell him, I'm gonn tell them why I'm telling
him no, right, Because it might not even be a
great decision for you to even have this, this vieing.

Speaker 2 (44:59):
You don't want to be in the name.

Speaker 3 (45:00):
Right you mad?

Speaker 6 (45:01):
You can't afford this, right or your credit might be
the issue why you need the co sign, So let's
deal with the issue, right, Why is your credit in shambles?

Speaker 3 (45:09):
Right?

Speaker 6 (45:09):
Like, how can we improve that so that the next
time when you try to get this loan or whatever
it is, you won't need a co sign And you're
doing this so so like the definitive answer is important,
but the education of why you're giving the answer, I
think is equally as important.

Speaker 2 (45:23):
And also when family members ask for money, a lot
of times they'll do, you know, pull you aside. Look,
I'm in a tight spot. It's not just your money,
Like you're taking money out of our family. Again, it's
not just your money. You're taking money. Maybe they get
you got it, you got it, Like like I have
a budget. You're asking me to throw my budget out

(45:43):
of alignment. And if someone's still going to ask you that,
that might say something about the friendship.

Speaker 1 (45:49):
Like somebody tell me like they needed five thousand dollars
and I was like, I'm not and they were like
that's a drop in the bucket for you, And I
was like, stop believe in fake YouTube's about my STI
gallery in my house.

Speaker 2 (46:01):
You never know someone's financial situation, but to think of
I see you really not And this must touch the
nerves about your asking. So one I always say a
thing to say, could be let me talk to my
family about it, because it affects all. My wife said
any thing everybody, but she got a.

Speaker 6 (46:22):
New She.

Speaker 3 (46:24):
Earned it, everything earned.

Speaker 6 (46:27):
It's just it's interesting, this is this is what they
don't prepare you for, right, Like there's no school for this,
There's there's no like I can lean on. Like again,
I can't lean on my parents for this, my cous
like you're the CEO now and so.

Speaker 1 (46:42):
Uh, it's a journey because I can't tell my brother now.
I feel like I just can't do it.

Speaker 3 (46:47):
I realized more than you.

Speaker 2 (46:49):
Know that about yourself. You also have to think about, Okay,
if I say no to this person, how am I
going to feel about me? But also if I this
is going to stretch me and I have a trouble,
trouble playing my child's tuition and next month because I
did this.

Speaker 6 (47:02):
It's a big right, But then we realize money isn't
the issue.

Speaker 1 (47:08):
What is going to happen again?

Speaker 2 (47:09):
Right?

Speaker 6 (47:09):
Because if you need it now, then what's going to
stop it from six six months from now?

Speaker 2 (47:13):
No, you're not going to be probably not going to
get it. Back.

Speaker 1 (47:15):
Well, we know that that's a given side. What are
you doing? Are you co signing?

Speaker 4 (47:20):
Well?

Speaker 5 (47:20):
Now, I mean if I'm gonna do something, I would
rather just do it for you, like if I'm like
as opposed to coast, like, all right, co sign a car, right,
Like like if you need money, and then I'd rather
just give you.

Speaker 1 (47:32):
Money, okay, if the credit but if you know, maybe
sometimes the credit is an issue, would give them the
money for the car.

Speaker 5 (47:38):
No, I'm just saying like, if it's a situation like okay,
I need X, Y and Z, right, it's either or
you can actually just put the car on your name, okay, right.
But most of the time I felt like, oh.

Speaker 1 (47:50):
Brother, he's really nice ninety for the friend.

Speaker 2 (47:56):
We are. We're like fifth cousins. You just don't know it.

Speaker 5 (48:03):
I mean, it's just one of these things like you know,
you shouldn't like even loaning money, you shouldn't. You shouldn't
ask the ball money from somebody if you know you
can't pay it back. But also you shouldn't loan money
to somebody that you know can't pay you back. It's
irresponsible on both on both people's decisions. So if I'm
gonna do something to If I'm gonna do something for you,
then I'll do it out of love and I'm not

(48:24):
expecting to get the money back. If I get it back,
then it's a blessing. And then if somebody is continuously
asking you for money, then that's that's your fault for
actually having that type of energy around you. I don't
have people around me like that. I don't have people
around me that's asking me for money. If they ask
me for money or not they really need it. I
don't have people that's asking me for money every week
every two weeks. If they were asking me for money

(48:45):
every two weeks, then they wouldn't be around me. That's
that simple for me. I would just end that relationship
because it's it's it's a seesaw that I'm not I'm
not benefiting from. I mean, it's this is a pattern
and you're you're taking advantage of the situation. So I
think that that's a lot of times we like to
look at other people. When I look at ourselves, you
gotta look at yourself. Why are you enabling these persons?

(49:06):
Why they feel comfortable asking you? Why you have this
person so close that they can even do that that
that speaks a lot about about you, like.

Speaker 2 (49:13):
Me, being like the here of might you might, you might,
you might need.

Speaker 5 (49:16):
That type of energy to fulfill your ego to make
you feel like, you know, you're I don't need that.
So yeah, so I don't have people around me like that.
Nobody around me is asking me for for for money
on an ongoing basis and try and take advantage of me.

Speaker 2 (49:32):
Tell them I will and I do this. If someone
asks me for financial help, Okay, when's your appointment with
their financial planner, I'll give it to them. I'm not
gonna you know, if you have a way to get
out of someone what has needs to borrow money, that
means they're gonna have to pay you back. They're going
to have to get a job that's like double the
current salary to get to the point where they could
pay you back. They're not going to pay you back.

(49:52):
So show me that plan first.

Speaker 6 (49:55):
And the fact that you're in this situation speaks to
maybe there's a lack of financial discipline.

Speaker 3 (49:59):
There is no plan ye, and so again it becomes
even tough.

Speaker 1 (50:02):
And you guys are very explicit in this book also
about not trying to shame people for being in the
situation that they're in, you know. And I think that's
important too, because people do feel shame when it comes
to discussing money topics and any type of hardships. When
you ask people, even me, as to my mom, like okay,
what's your credit score? Let's you know, clean your stuff up.
She did not want to give me no type of

(50:23):
information at all. And I was like, I'm offering to
help pay off your credit card bills, Like you don't
want to tell me. How about you just get me
in and I'll do it. I'm like, man, just let
me help you. Like, but she's like, it's the shame
of not being financially responsible. But like you said, we
shouldn't feel the shame in that, but we should be
able to face those things and deal with it.

Speaker 2 (50:43):
And you should put people in prison for being in debt.
I mean there's a lot of history.

Speaker 3 (50:48):
Yeah, I mean that's why.

Speaker 6 (50:50):
And I think it's important that conversations that had early on, right. So,
like my kids, they feel comfortable talking about money.

Speaker 3 (50:57):
They want to know how much money is in their account.

Speaker 6 (50:59):
They want they want not much money's in my account,
They want to give my brokerage, they want to know
what I invested.

Speaker 3 (51:03):
They feel comfortable. So when it comes down to the
credit score, they I mean, this is gonna be like that?
What is it like? Why won't you tell me? They've
ever been accustomed to it?

Speaker 6 (51:10):
Whereas, like you said, there's a generation of us where
it's like I didn't know how much my dad made
right until I had to go to college. We had
to fill off ast for and I'm like, wait, the
physic that teacher make it more than my dad, right,
And it was like he worked hard for that, but
he never we never spoke about it, Like to this day,
I know, I.

Speaker 1 (51:27):
Don't know what my mom meane, I don't know either.

Speaker 3 (51:29):
I don't know what either one of my exactly. And
it's like, how did we get this far not knowing
these things? Right?

Speaker 6 (51:34):
Because again, they could say, all right, that could have
been the climax for me. I could be like, you know,
my dad made one hundred and twenty five thousand. I
want to be better than him, right, I just want
to make more than that, right, But I never knew.
So I just kind of figure out, like what I
saw my physic teacher, how much you made, I gotta
make more than him, and that became my mark when
I was eighteen.

Speaker 3 (51:52):
I gotta make one hundred and twenty five. That's it.

Speaker 6 (51:54):
I got to make six figures, and that's I got
to figure out how to get there. So I mean,
it's a conversation that needs to be had, and I
think things happening right. As more people become more confident
talking about money, As more podcasts and shows people are
talking about money, as more entertainers are talking about money
and investing in entrepreneurship, the conversation becomes lighter. And I
can use music as a reference now, whereas that wasn't

(52:16):
always the case. I can use a show as a
reference now, I can use a book as a reference.
Route for so long, what was the resource that we
were using in our community?

Speaker 2 (52:24):
And when you think about what a big impact the
way your parents' relationship with money had on yours, I
say to all parents, that's what you are for you.
Your child can be your best financial tool, because what
do I have to put out? How do I have
to change my own behavior to be the role model
my kid needs them to be. But our community, a

(52:44):
lot of people work hard at their finances, They do
everything right, and then it completely completely falls apart by
the lack of an estate plan and life changes like that.
I'm shared with Angela many times. My father battled dementia
for many years and then all of a sudden needed
around the care help, and then all of a sudden,
out of nowhere, I'm twenty five thousand dollars a month

(53:06):
and he lived for three years, and that can change.
And he had his stuff set up, but I mean,
it can change on a dime, and people don't seem
to understand that.

Speaker 6 (53:17):
It's It's interesting and even during this journey of nalsia,
like estate plans weren't even something we talked about. I
sat down with my parents and created my dad's estate plan, right,
so like I'm the person that's I got an attorney
and we sat down, we had the meetings.

Speaker 3 (53:33):
It was like the episode of Insecure.

Speaker 6 (53:36):
I'm like, it felt like that for me, and I'm
just like, man, this is a little bit uncomfortable.

Speaker 3 (53:41):
I was happy to you being in that position because
it's number one.

Speaker 6 (53:45):
Told me that they trust me when it comes to money, right,
they want to They knew that that if I was
looking over this, that this was going to be the
right thing, right.

Speaker 3 (53:51):
And then I got the bill for the estate plan,
and I was like, oh, this.

Speaker 6 (53:55):
Is on me too, Yeah it is, and that too,
but it was he has it in place now, so
that gives him some security, whereas.

Speaker 2 (54:04):
You feel so good when you do it.

Speaker 6 (54:06):
Yeah, yeah, because he told me this twenty years ago.
He was like, everybody wants to live, but nobody wants
to prepare to die. We're all going to die, so
we should prepare for it. In fact, your death is
your responsibility, not anyone else's.

Speaker 5 (54:19):
And don't give money to people that don't have money.

Speaker 3 (54:23):
Like this is the things he's always saying.

Speaker 1 (54:24):
To Shout is like a rapper with him.

Speaker 5 (54:27):
That's important. That's important, that's important, That's vitally important.

Speaker 1 (54:30):
Actually right now that well, listen you guys, I'm you know,
of course excited about this. You deserve to be rich,
mastered the inner game of wealth, and claim your future.
I have a lot of things that I need to
work on because I'm not perfect either. You know. I
feel like I'm I'm way up from where I was,
but I'm still on the way up. So that is
part of really you know, what this show is about too.

(54:53):
So thank you so much for this, thank you for
coming up here because I had to ask, like, will
you guys please you know.

Speaker 6 (55:00):
Yeah, I mean we watched Wealth Wednesdays for so many
years now, and I was like, when are we going
to get a call?

Speaker 3 (55:06):
You know, like I see a lot I.

Speaker 1 (55:07):
Had to add. But you know, I know, because you
guys are like superstars, you know. So I was like,
let me see if they'll do it. I told Stacey.
I was like, I'm gonna ask them, but let's see
because I know they got, you know, their own thing
going on, and but I appreciate it, and honestly, really,
for real, congratulations. I love when I see you guys
out as human beings and then seeing what you're doing
for our community and for everybody, you know, really to

(55:28):
make sure that we secure our financial freedom. That's important
to me as well, and they should be important to
all of us.

Speaker 2 (55:33):
Their book came out yesterday. Everybody should get it. One
final thing, and the book tour is happening. This is
the week that some of those January first resolutions start
to get a little crazy. What advice do you have
for people to stick to their financial resolutions.

Speaker 6 (55:52):
I would tell them to use history as the greatest lesson.
Right if you created a resolution in twenty twenty four,
how did your year go right?

Speaker 3 (56:00):
Did it go as plan right?

Speaker 6 (56:02):
Well, if you know that's happening, it's a historic lineage
of you not sticking to your plan and your life
has been in the same position.

Speaker 3 (56:09):
It's time for a correct.

Speaker 1 (56:10):
Don't give money to people who don't have any.

Speaker 3 (56:12):
And don't give money people don't cott.

Speaker 2 (56:15):
This is accountability partner, What was your face of advice?

Speaker 4 (56:19):
Face?

Speaker 2 (56:19):
A six year resolution?

Speaker 5 (56:21):
You gotta break your goals up into into different time
frames because it gets overwhelming if it's just one big goal,
like if you have a goal to make one hundred
thousand dollars, like that's not really a goal, that's a wish.
It's another great book that's called The Twelve Week Year,
which actually breaks down how you should actually look at
a week, a year and twelve week cycles. So it's
like you got to break it down the smaller goals

(56:42):
and that makes it more attainable. So like a yearly
goal is okay, but a monthly goal is good, a
weekly goal is better, and a daily goal is the best.
Like conquer the day, right, take it like like they say, hey,
one day at a time, that's a real, that's real,
like one day at a time. Sometimes we get ahead
of ourselves and we get frustrated. That's when you quit,

(57:03):
I'm gonna lose fifty pounds, no pathway to do it,
and then you just missed the gym. Like I just
I need I need to work out for one hour
every day.

Speaker 4 (57:12):
Yeah, I can't.

Speaker 5 (57:13):
I can't control the results, but odds are if you
work out for one hour every day, if you stop
drinking soda, if you if you just conquer the day,
you're going to see results in three months. Right, But
we get ahead of ourselves. Sometimes I lose.

Speaker 1 (57:25):
Two pounds and then I celebrate.

Speaker 4 (57:32):
One day, one day, one day at a time, one
day at a time.

Speaker 2 (57:36):
All right, thank you guys for normalizing the wealth conversation
in our community, honestly, and.

Speaker 1 (57:41):
Check them out on their book tour and make sure
you buy that book too, please because.

Speaker 2 (57:45):
You deserve to be rich out right now.

Speaker 5 (57:47):
And it's the audio version is out also, so you
can go to Amazon, you can go to Barnes and
Nobles anyway. You know, we're pushing real hard this week,
trying to get on the New York Time's bestsellers list,
so we need all you feel good too, but you
go you never know you secure, you got secure the victory.

Speaker 1 (58:02):
When is what's happening with investments this year to just
it's going to be.

Speaker 3 (58:05):
Crazy best fast back.

Speaker 6 (58:06):
We got some announcements, some secured names, so yeah, be
on the lookout August, uh and August.

Speaker 4 (58:13):
Guys should do Wealth Wednesday from investments.

Speaker 2 (58:15):
You go, you're gonna do we Snesdays. And we totally
want to do a financial mindset I'm telling you right now.

Speaker 3 (58:21):
Speaking in mindset panel.

Speaker 4 (58:23):
Yeah, hosting or speaking all.

Speaker 2 (58:26):
Of it now, we'll put it together in the field, honestly.

Speaker 4 (58:32):
Alright, let's do it.

Speaker 1 (58:33):
Let's do it, all right,