June 17, 2025 • 40 mins
In this episode of About That Wallet, host Anthony Weaver sits down with the insightful Kevin Mathews II, a financial expert and author of From Burning to Blueprint: Rebuilding Black Wall Street. Together, they explore the intricacies of financial literacy, the impact of tariffs, and the importance of communication in building generational wealth.
Kevin shares personal anecdotes about his upbringing and how his father's budgeting strategies influenced his understanding of money. They discuss the complexities of tariffs, their effects on consumer prices, and how they can lead to inflation. Listeners will gain valuable insights into the motivations behind tariffs and how these policies impact everyday spending decisions.
The conversation also delves into the significance of financial education for children, emphasizing the need to instill good money habits from a young age. Kevin discusses practical ways to engage kids in financial discussions and the importance of transparency in family finances.
💬 Question of the Day: How do you approach teaching your children about money? Share your thoughts in the comments!
🔗 Connect with Kevin Matthews:
Website: buildingbread.com
Social Media: @BuildingBread
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=|| 📚 Chapters ||=
(00:00) Welcome and Introduction
(02:30) Kevin's Financial Journey
(10:15) Understanding Tariffs and Inflation
(20:00) The Importance of Financial Communication
(30:15) Teaching Kids About Money
(40:00) The Role of Delayed Gratification in Wealth Building
(50:30) Final Thoughts and Resources
(55:00) How to Connect with Kevin
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#AboutThatWallet #FinancialLiteracy #GenerationalWealth #Tariffs #MoneyManagement
Episode 300
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
>> Kevin L. Matthews II (00:01):
He would sit down like, here's how to pay bills.
When we went on ski trips, ski trips didn't just
happen, right? We said, oh, we just going this well, nowhere. Like,
uh, no, my dad had a coin jar. It was like,
hey, every time I pay for something, I get changed. I put it in this
jar. When it gets full, we take it to the bank,
and then we see how much we got. And then if we get enough, then
we're gonna go to Colorado and have a fun ski trip. So to
(00:24):
me, there's a process here. There's a budget here.
It was not an overnight trip at all.
>> Anthony Weaver (00:28):
It's a
welcome back, everybody, back to another exciting show, the
about that Water podcast, where we help the
sandwich generation build strong financial habits
so that they can talk about money, spend money,
and even enjoy their money with confidence.
I'm your host, Anthony Weaver, and one
(00:51):
of the things that I have with me today is one of the
great people that I've met multiple times,
but this is the first time I actually have him on the show.
He has done well over dealing, uh,
with over $140 million in
assets. He is the number one bestseller
book. I mean, this is the second book that I got, which is
(01:11):
called From Burning to Blueprint
Rebuilding Black Wall Street. After a
century of silence now.
Welcome to the show. Kevin, how have you been today?
>> Kevin L. Matthews II (01:22):
I've been doing pretty good, thank you.
>> Anthony Weaver (01:25):
You're welcome, man.
So what is a tariff?
>> Kevin L. Matthews II (01:31):
Yeah, so the most
basic definition of a tariff is it is an
indirect tax on the consumer. So when you go
and buy something, you are going to see a higher
price. And the reason why that is is because the
importer, the store that you are buying it from, has
to pay a higher price from where they got it from, and they
just pass on the higher price to you.
>> Anthony Weaver (01:54):
And that's great that they have that. So
why do you know, countries
actually feel as though, like, hey, we're going to
threaten tariffs on you if it all automatically
comes down to the customer, like, what's the point of doing that?
>> Kevin L. Matthews II (02:08):
All right, so there are two primary reasons as to
why we impose tariffs. So, number one is to kind of
somewhat of a punishment for one country to
another to kind of get them to comply with whatever it is you're trying to
get them to do. Obviously, you don't want to go to war, right, and
fight with somebody every time you try and get them to do something.
Because if you will, one way
(02:29):
to kind of look at it. So you are saying, hey, anytime you
are selling or Sending some stuff over here, we are
going to make it more expensive. So our people
are going to buy your stuff and that's going to hurt your companies and
your industry. So that's one way. And perhaps, you
know, whether it's China or Canada or Mexico,
they may change that behavior depending on what that behavior may
(02:49):
be. So that's number one. Number two, the other side
of it is the US consumer and what they are trying to do
is disincent, incentivize, try and tell you,
hey look, if there are two things and one of them is
20 higher and they're the exact same thing, let's say
washing machines for example, are you going to buy the one
that's 20 more expensive? Probably not. Not. They are
the exact same thing. You're going to buy the American because
(03:12):
the American made one does not have the
tariff. And um, by doing that you would think
that if the American made thing is the exact same and
the exact same quality, it doesn't have a tariff because it's
20% cheaper now, then you would
support American jobs, build more American factories,
so on and so forth. Now does that work in real life?
(03:32):
That's a different story. But that is, that
is the thought and that is why people do it. Again, it worked way
better in the 1800s. Not necessarily as,
as well as what people think it will do and what they think it does
in today's age.
>> Anthony Weaver (03:46):
Yeah, Considering that we don't make too many things in
the US and a lot of the times we have
like private prisons that actually
employ the prisoners to do made in the
US products. So
how can we as consumers be more
mindful of what are we actually purchasing, what are
(04:06):
we actually supporting, uh, when it comes
to our everyday spending.
>> Kevin L. Matthews II (04:11):
Yeah, I mean you, you gotta just dig deep
and read into it. Sometimes when you
dig deeper into who the suppliers are,
that will kind of give you some info. Sometimes it'll list it in
the packaging and tell you this came from this
factory, this came from X, Y and Z. If you really
want to go into deeper detail
(04:32):
in the the they call it the
10K. These are the annual reports that
companies have to put out every year. What's called
annual report. It'll cite the risk and sometimes it'll
say supplier risk because X company in
this country is gives us chips or
glass or they make 95% of our products. If that
(04:52):
country shuts down or we get a tariff, we're not going to make our products.
Well, if it tells me that, I'm like, well your stuff
is you know, in this country or in this, this
area, I may or may not support that. Um,
so that is that they'll usually list it that way.
And, and those are some of the ways that you can kind of decide
how deep you want to go down that rabbit hole and whether or not you want to put your
dollars behind it.
>> Anthony Weaver (05:14):
Now, will the tariffs actually impose, like, inflation
or anything like that to like?
Because, uh, right now we are actually trying to fight inflation.
But yet you put tariffs on things at the same time.
Oh, yeah, that work,
yeah.
>> Kevin L. Matthews II (05:29):
So that is, that is the odd thing as to why
the tariffs were, were baffling in
a wide case. Meaning you're just slapping tariffs on
everything that's coming from an entire
country. So everything from China, everything from Mexico, everything
from Canada, and you just name a country and
you just put a tap on all of that stuff.
(05:49):
Then, yes, you would see inflation, because
we import a lot of those things. And that is
not a good, good thing. Right. At the end of the day, because if I'm
Walmart, if I'm Target, if I'm Costco,
I'm not going to eat that cost. You
think about, if you are running a business and your costs go up by
10%, you're not going to take that usually. All right, that's.
(06:10):
That sucks for me. I'm just going, I'm gonna change the sticker
price and I'm just passing on the consumer. Right. So it's
obvious that that is the logical case as to what they're going to do
usually. And what we saw during the first Trump administration is
it was very narrow and it was that, hey, just washing
machines. We're just going to put tariffs, just
soybeans for an example. We're just going to put a tariff on.
(06:30):
And we did see both washers and dryers. Even
though dryers didn't have a tariff, both of those actually
did raise in price. But that's not the entire economy.
Right. That's. That's not as bad, but it depends on
what you're putting a tariff on and how wide the tariff is going
to be and who the tariffs are going to be on. So right now it's
on China. As of today, we'll see what's going to happen
(06:51):
with, with Canada, Mexico, Europe and other
nations that we import from.
>> Anthony Weaver (06:57):
Yeah, I saw an article from the BBC
that was just talking about how there's just
a blanket tariff on all products.
>> Kevin L. Matthews II (07:05):
Yeah.
>> Anthony Weaver (07:05):
And right now the UK is kind of like, hey,
um, you're going to mess up our economy.
Too.
>> Kevin L. Matthews II (07:12):
Yeah, and that's, and that's, that's that twofold thing.
Right. So if a tariff is going to mess up the entire
economy and I don't think it's the right thing to do, but if
that's the threat and say, hey, I'm putting terrorists going ruin your entire
economy, that I need you to do whatever it is, uh, it's kind
of like a strong arm tactic. So
perhaps that's, that's the first point we talked about trying to get
(07:33):
you to do whatever it is I want you to do
without being more aggressive. So
we'll see what that aim is going to be. We'll see whether or not they're going to do
it. The other thing too is if you do that,
there is a, uh, thing called retaliation and they can also slap
a tariff on you. And that's not going to be great for us either because
we also sell things to other countries,
(07:54):
especially for the US for agriculture. We sell a lot of
stuff to other countries around the world, especially
in China and India and other places. We're very good at
growing food. We have way too much food in the US
you can tell for a lot of other reasons.
So, um, if they start slapping tariffs on us,
we can't sell that stuff because they're not going to want to buy it because
(08:15):
it's 20 or 30% higher. If we can't sell
that stuff, what happens? We lose
money, we lose jobs. And that's going to become a
problem here. So not only are you going to see inflation,
you might start to see unemployment start to
rise and you start to get high inflation and high
employment that is going to equal a recession. Now the get
(08:35):
the big thing here is if, right. If
and how long and how drastic these things are,
that's going to play, play a big factor into this.
>> Anthony Weaver (08:44):
So what are your thoughts on universal basic income?
>> Kevin L. Matthews II (08:48):
It was the, Is it this
depressing?
>> Anthony Weaver (08:54):
I had to ask. I had that.
>> Kevin L. Matthews II (08:55):
Yeah, yeah. So, so I actually did
a panel on this for
Fincon in
2018,
2017 or 2018 I
think. And I, I'm for it.
I think in certain instances it does make sense.
We've had. Now again, my, my research is
(09:16):
dated so you know, we'll, I'll have to
go back and see. But there were many
instances, I think in like certain cities across the country
where they actually did test it out, whether it was $1,000 a month or
whatever it was, it was successful. A lot of the
mistakes or the, the threats that people thought was going to
happen Actually didn't happen. People were fine.
(09:37):
And I think there, there's a good case for it.
Um, no, I don't think UBI
Universal Basic Income is going to cause mass inflation.
It really depends on how it is implemented.
And then what else happens when around it, there
is somebody out there yelling at me right now. Could you
say that the pandemic was a
(09:57):
case for that, where we were giving people
stimulus checks and people had a bunch of,
you were sitting at home, you got a check for just being there,
which, it was a challenge. We earned that.
Right. But, but because of that, that
caused inflation. My argument would
be, yes, you could say that it caused inflation. But the
(10:17):
other part was we couldn't go anywhere and do anything.
Therefore, that is why we're all bidding
up for random stuff like Meme Coin and all that kind of stuff.
If we could just travel and go out to restaurants and
do the stuff we would normally do, I don't think we would have saw inflation in
the same way.
>> Anthony Weaver (10:34):
I can see that. Yeah. Because right now, uh, actually
a lot of people probably use that money even to start off their investments for
the first time.
>> Kevin L. Matthews II (10:41):
Yeah. And, and there were some, some amazing impacts from doing
that as well.
>> Anthony Weaver (10:46):
I wonder. I mean, I'm just trying to think
philosophically here. It was like, I think
a lot of the reasons why we don't have it is
because they was like, oh, this other
demographic of people want to get it too. Like,
uh, yes. Why can't we, why can't we just keep it for
ourselves, you know?
>> Kevin L. Matthews II (11:05):
Well, yeah, I mean, and this, this goes
into perhaps we
can't, we can go there.
Yeah. So, I mean, there's, there are two things.
One is we don't necessarily, like,
help other people in America anymore. I, I,
I don't know if we ever did. But, uh, we, we definitely do not like to
(11:27):
help other people, especially black and brown folk in
America. If we see that it helps other
people, then we are, we are not going to
like that particular benefit. It has always been that way.
Free lunch programs. Oh, it's helping 40 people. That's
black. Oh, let's cut it. Like, that's, that is a wild thing.
But it happens. Like the Affordable Care
(11:47):
Act. Free health care. Affordable health care. What?
I'm not saying it's perfect, but, oh, y' all get free health care.
No, we don't want that. It's just like, damn,
that's wild. You know, it's helping people. And y'
all don't want that student loan forgiveness. Right.
I know. People are saying it's expensive and all kind of stuff, but when
you really think about, hey, can we make college more affordable?
(12:07):
No, we don't want to do that. It's just like,
why? You know, it's just there was a, um,
there was a program that was blocked by the new
Trump administration by just trying to lower
the interest rate on student loans. They were
trying, oh, it's new payment plan. It was new pay. They
were trying to pay their loans. All the plan was
(12:27):
doing. It wasn't giving nobody a handout. It wasn't
trying to, you know, forgive any debt
if that was the concern. You know what? I don't want to pay for that
for my tax dollars, whatever, right? It's just a new payment
plan to help me to pay my debt off faster and that's it. And I am
paying it all. It's like, no, we don't want to do that. It's just like,
why not? Uh, why, when do we get to a point we just help
(12:48):
nobody at all? Right? So that
is a big part of it. The other part is there is a
psychological thing that is really kind of built into the
fabric of the United States. People, uh, call it like the
Protestant work ethic. We feel
like you got to get it out the mud. And it is a
bootstrap mentality, which has actually never been the
case, um, where people feel like a
(13:10):
handout is un American and that's not how things are
built. When in reality there is a long paper trail
of, I, uh, would say more than 90% of the wealth that
is built in the United States is through
some government program. The wealthiest
man in the United States right now, Elon Musk, would not
exist today had it not been through
government programs for SpaceX to exist,
(13:33):
through government grants and programs for Tesla
to exist. Those carbon credits were through
a government program. Today, like
those things don't exist through, without government programs,
the entire real estate market. There was a point,
right, where. Yeah, yeah, like special tax
benefits for owning real estate, uh, used to get
(13:53):
special write offs for the interest for owning a
home. Like that is a government benefit
to help you to build wealth. You know,
like it's not just I did it on my own,
but that is the American ethos that we, we feel like that
has to happen. And anything that goes counter to that, or at least obvious
counter to that makes it feel like it is
(14:13):
some, some moral sin against that
individual.
>> Anthony Weaver (14:17):
Yeah.
>> Kevin L. Matthews II (14:17):
Long, uh, answer. I'm sorry.
>> Anthony Weaver (14:18):
No, you're good.
Because it gets you to think of like, why do we
do or why do we purchase the things that we purchase? And people
who are these business
gurus who are out there be like, oh, yeah, you know,
just kind of like you said, do it with your bootstraps or whatever. Oh,
I did this on my own. But would you be doing it
if you get in. Like, why would you even get into real estate if you
(14:40):
wasn't getting these tax benefits? Why would you
get into or try to pay off your city loans
if there wasn't any tax benefits? Because I think they give it to, like, twenty
five hundred dollars per year for single. And I
think if you're married, I think they still keep it at 2500.
But it's like you're getting all these tax implications
because that's what they trying to push out there.
(15:01):
Yeah.
>> Kevin L. Matthews II (15:01):
And that's the thing. Like, it is all economics is.
The study of economics is all about incentives. People do what
they are incentivized to do. And the government is supposed
to. In a perfect world, they do. They incentivize people to do the
right thing. Right? But even look at what Elon Musk is
doing now, right? But
he's getting a $400 billion contract
(15:22):
for armored Teslas from the Department
of Defense. Now
you think he just sitting next to the president for no reason? It's
like that. Is that not. Is that not government
welfare? Like, if eli gets a
$400 billion check for his business,
it's fine, right? But if. Lord
(15:42):
forbid that. If I was ever on government
assistance for food stamps, now I'm a welfare
king, and my family's terrible, right?
You see, like, the difference? Or if I were to ask for
student loan forgiveness for 30,000,
I'm a terrible person. I need to get out the mud.
But he can get 400 billion.
(16:02):
It is just like, well, wait a minute here. Yeah,
it's the same government, and it's my tax. It's still my tax
dollars in this case. And that's something that's like,
I still pay taxes. So
you know why? Why?
>> Anthony Weaver (16:18):
You know, because I try to look at it from. Also it's
like, hey, this person. Some people can look at it this way.
I'm gonna try to play devil advocate here. Um,
they will say, well, he is the least
actually bringing in jobs. He's providing jobs for
other people to get more money. Okay? But
you as an individual, just because you're trying to get
(16:38):
out of your situation, not
realizing the implications of you getting out of that
situation that you're in, you can actually help other People to
get paid for the jobs that they doing.
>> Kevin L. Matthews II (16:49):
Mhm.
>> Anthony Weaver (16:50):
Make it make sense.
>> Kevin L. Matthews II (16:52):
Yes. I mean, I would also argue, I mean
he's also cut a lot of jobs too, so.
>> Anthony Weaver (16:57):
Yeah, today.
>> Kevin L. Matthews II (16:59):
Yeah, yeah. I'm like, I mean even what, a year or two
ago. You mean the guy who cut 80% of the jobs at
Twitter, the guy who, who laid off
was however many people that worked in a nuclear office
and then realizing, oh wait a minute, we need those people.
>> Anthony Weaver (17:13):
So you saw that.
>> Kevin L. Matthews II (17:14):
Yeah, yeah. So,
so, you know, uh, again, side note,
rant, but it's that, that
ethos of, well, I want to help
certain people, but then when they do it, it's not help, but when I
do it, it is there, there are a lot of those
instances. But I, I will, I, I. On my
reading list for this year is a book called When
(17:37):
Welfare was White. Um,
so I haven't read it yet, so I can't endorse it yet, but
the title caught me.
>> Anthony Weaver (17:44):
And the reason why I might have to watch that.
>> Kevin L. Matthews II (17:47):
Yeah, yeah. And the reason why is because there have been
tons and tons of programs that were like the
GI Bill, which is, that's, that's one of them. A government
program that was almost exclusively for white
people that set up one of the greatest generations,
uh, the boomer generation. Right now it gave
them loans for housing, helped them to go to school, made
(18:07):
it extremely affordable. But black veterans who did the
exact same thing went over, fought for World War II,
almost never got those grants. We're talking less than 10%
of black vets were approved for those
that generational wealth from the homes and the,
the free college for the most part, that was
passed on. And because they didn't have student loans, they could
help save for their kids and so on and so forth. We didn't
(18:30):
get that. And now right when
we are asking for student loans, all this kind of stuff,
it feels like a handout to us when you know, you're looking
at, they had the same thing, right. Uh, the
Homestead act, where land was given
primarily to white people. I think it was 1852,
you have to correct me in the notes, uh, for that exact year,
(18:50):
but it is in the, in, in the book from Burning the Blueprint,
that was also a major land giveaway
primarily to white folk. That land
still exists. Those people used it for farming. Those
people sold that land and got cash for it. Black
people didn't get that. And that's, that's the wealth I'm talking about
where it was a government funded
(19:10):
program given to A
specific population. That wealth gap, it didn't
happen from Gucci belts and people being lazy.
Go to the Gucci belts and the Jordans. I'm like, uh,
I don't know if 200 pairs of J's or
200 pair of J's. That was started in
1984.
>> Anthony Weaver (19:31):
Really?
>> Kevin L. Matthews II (19:32):
Really what it did, you know, 200 years of damage. I
don't know.
>> Anthony Weaver (19:36):
Well, it gets me to think of the term
financial literacy, um, and that.
Or financial generational wealth. And I
listened to that and I had to think about
long and hard about it, because when it comes
to generational wealth. Air quotes here.
To me, it's almost like cleaning your house,
if you want to use that. Uh, I'm trying to use that as analogy.
(19:59):
Generational wealth is like, bring it up to cleaning your house.
Okay, well, you want to clean home
how? And that's where the
subtopics start to come in. And that's where, you
know, you and I kind of thrive in. Is like, yes, you
can get to that. But what are the small things
that you're doing dayto day to kind of get to that level?
(20:19):
Um, and I know we talked about tariffs, uh,
but what the. What are one of the things that
you seen that has been really helpful as a
subset of financial generational wealth,
um, that you seem to
resonate the most with?
>> Kevin L. Matthews II (20:37):
I would say probably one that I don't
think enough people talk about. It's
really the communication piece.
Uh, far too often we talk about
the money part of generational wealth for obvious reasons.
The wealth is in the name. Right? It's right there in the name. So
obviously you got to talk about it. Um, and
(20:59):
as I'm thinking about, it's actually two parts. So the first one is
the communication piece, because
you do have to talk
about that transfer
of I am building X, Y and Z
for you, and it's going to be
transferred. I've got this in your name, this in your
(21:19):
sister's name, so on and so forth. And the reason why that
is so important, whether it is a lot of money or a little,
is because, one, it shows that you had intention
and that I didn't just leave this earth
and just throw stuff out there. And when you pass it on,
it tells your kids, like, hey, this was the purpose of
this. And it gives them direction as well. Because I've seen as a
(21:39):
former financial advisor, a lot of times
family member passes, they all fight over stuff and nobody
knows where anything is supposed to go because there was no
communication. So that's That's a big part of it.
Uh, and then that, like, hey, I am saving this.
I am building this thing. Here is how I did
it. That's a big part, too. What I see, especially
(21:59):
for millennials and maybe, um,
Gen. Gen Z coming up now is
that for our parents, though, things were way cheaper.
$5 houses don't exist anymore. But
when we grew up, and this is just the nature of being a kid, right?
When you grow up, you grow up, your parents look as if they have
everything together. And it's just like, yeah, when I
(22:20):
come of age and just notice things, y' all had a car, y' all had a house, and
everything seemed fine. Parents should really talk
about. Not that you got to show them all the struggles of life,
right? But you, you should say, hey, when they're in their
20s. Like, hey, actually, this is what I was doing
when I was your age. I was hustling and doing two
jobs, if that were the case, or I. This is how I built all of these
(22:40):
things to show them that it wasn't just all magic and
unicorns. Because showing your kids the process
by which you acquired those things
is important. You need to show them the
blueprint to do that so that they can do that. So that's
communication. So that was number one.
Um, we talked about. I mean, we all, all know,
um, the wealth piece. And the second piece is
(23:03):
time. Far too often, I think we
assume the generational wealth is going to be. It's going to be built by me, and we
done. That's not always the case. I know it's
unfortunate at times, but it may not always.
It may take a generation to build generational wealth, and that's
okay. You might be that first domino that just
passes the baton, and you might not see it
(23:23):
through the end, but you might be the first, most important
person to start it. I think that's important, too.
So for me, I'm on track to hit
that, that million dollar mark.
Yeah, probably before. We'll see. We'll see how the market goes.
Right? But, you know,
if all things hold up, I should hit there before
(23:43):
40. Definitely before 45. We'll see.
Uh, however, even if I weren't,
I would still set my kids up to
get there. Right? So even if I'm paying
off my student loans to do all this stuff, I still would
have set my kids up to hit that mark by
3540. Right? By putting away
(24:04):
$50 a month, $100 a month or whatever. Right. You see
what I mean? Like, I, uh, Even if I didn't, I might not get there,
but I'm going to make sure somebody else is. And that.
And that's a part of it too. Right. So you may not
always get there, but again, through that communication, through that
intention, and say, hey, I mean, I hit a million,
but, hey, I got four or five hundred thousand.
(24:24):
That's why I'm leaving y' all. And y' all get to start here. Y' all
get to start 500,000 further
than what the previous generation did. And that is how
it starts. Leave them further than what the
previous generation did.
>> Anthony Weaver (24:38):
And that goes back to
the, uh. I guess you could say the old saying
is that you kind of act like the
people that you hang around with the most. And if your
kids are hanging around with you a lot and
you actually teaching them these different values, see, different money
values, they're going to more than likely either, A,
(24:58):
see what you're doing and say, like, oh, uh, man, I really like what they
were doing. Let's mimic that. Or B,
resent all of it. Because I hated having
just peanut butter and jelly sandwich with rice and beans every day
because I'm gonna just eat steak and, you
know, cereal just because I can
be. And also because I didn't have it when I was younger.
>> Kevin L. Matthews II (25:18):
Yeah.
>> Anthony Weaver (25:18):
So, yeah.
What are the things that you actually felt
that you feel that you're doing right now for your children?
>> Kevin L. Matthews II (25:27):
Yeah. Yeah. So my kids are a little
younger. Um, so my son will be seven in.
In March, and my daughter is now. But
what I do is. So we've ordered some
finance flashcards. Uh, my son
got his first wallet for his birthday last year.
Congrats and thank you. And what I do
is I have him to make very small
(25:49):
financial decisions at this point in time, when
I am. And it's something my. My dad kind of did for me. But
like you said, like, I have him when I do certain
YouTube videos, if he's home and not at school, depending on what time
I'm recording, I'll have him come and sit in the room
and watch me talk about money. Right. If I'm
editing or something and he's trying to read
or. Or I'm not trying to distract him, but if he's
(26:12):
reading or doing his own work or something, I was like, hey, just sit here
and edit a video, because I'm showing him the process. But also,
he is hearing about index funds, he's hearing
about the stock market, he's hearing about retirement. And that
stuff slowly, over time, does kind of
seep in to. To you. When I go to
a grocery store, I'll say, hey, pull out your
(26:32):
wallet. I'll give him the money instead of making him pay for it, right?
But I'll give him the money, put it in his wallet, and he'll
go and pay for something so he can understand how
money works, how to talk to people, right? And
ask for things. Since it was the digital world, you still got to deal with people
and have those conversations. And that's how
it starts. As it gets older, we'll start to read money books
(26:53):
and have deeper conversations, but really getting
them into the practice of dealing with money,
understanding the vocabulary. Um, what my
dad did, he would sit down, like, here's how to
pay bills. Um, when we went on ski trips,
ski trips didn't just happen, right? I was
like, oh, we just going to do this? Well, nowhere. Like, uh, no, my
(27:13):
dad had a coin jar. It was like, hey, every time I
pay for something, I get changed. I put it in this jar. When it gets full,
we take it to the bank, and then we see how much we got.
And then if we get enough, then we're going to go to Colorado and have a fun
ski trip. So to me, I'm like, there's a process
here. There is a budget here. It was not
an overnight trip at all. It took years.
(27:34):
So, you know, I'm, like, slowly sitting here like,
m. This is not, like, instant gratification,
right? So I got to sit slowly, see
it. And that is what kind of got my realization
around how money actually works and something that we're doing with them.
>> Anthony Weaver (27:50):
Man, I love that story and actually
bringing them into that. Um, has
this. And he also talked about your relationship with your parents.
So that is amazing that, you know,
everybody. You starting everybody off young because it's,
you know, at the age of, what, eight is
when everybody kind of remember that money story.
(28:10):
I think you said you remember yours from when you were
six, which is rare for a lot of people.
I don't recall what I was doing at 6.
I was.
>> Kevin L. Matthews II (28:20):
I was a strange child.
>> Anthony Weaver (28:24):
Uh, so we want to dive into which is the third segment
here, which is the futures. Um, so, like, what
areas of focus that you feel that you have to make
the most improvement on in your life?
>> Kevin L. Matthews II (28:35):
Just in general.
>> Anthony Weaver (28:37):
Yeah.
>> Kevin L. Matthews II (28:38):
Ooh.
>> Anthony Weaver (28:39):
Oh.
>> Kevin L. Matthews II (28:39):
Uh, man.
Just in general, I think.
So. I. At 35, I.
I am by no means a master at anything, so let me. Let
me say that. But I do feel that
I. I've gotten to a point where I. I
now feel Like I'm
(29:00):
competent at most things that I'm trying to do in my life. I will
say improvement wise. I'm trying to learn more
instruments and try to just find ways to
de. Stress and find avenues to.
We work hard, we do content, you do work dealing
with, you know, there's a lot going on and
music. Trying to learn music has kind of been my,
(29:20):
my place. So trying to be
better at that, finding those avenues and really
taking the time to dive
into it and really invest in it is the thing I'm trying to improve
in.
>> Anthony Weaver (29:33):
Which instrument are you looking into?
>> Kevin L. Matthews II (29:35):
Right now? It's bass guitar.
>> Anthony Weaver (29:37):
Oh, okay. That is pretty cool.
Left, uh, hand, Right hand, right hand. Okay.
All right. Well, we might talk offline because I have a
regular. I have a six, I have two six string guitars and I was going
to get back into it and I was like,
I, I have them, I had them for years, but just don't
ask me to play a song.
>> Kevin L. Matthews II (29:59):
Yeah, I, you know, it's something kind of
going back to, you know, wealth and sometimes
as you get older, you buy the things that you wish you
would have had. So for me, I just, for whatever reason, I just wish
I had a piano when I was a kid and wish I just grew
up in a house that just was full of music
and just wish that I just
(30:20):
started off as a child knowing that.
Um, so maybe three years ago we got a keyboard.
Um, yeah, three years ago I got
a keyboard. Two years ago I taught myself how to play trumpet. I
wasn't good at it. Um, I could play tune with tick a little
star. Okay, I can do that.
Yeah. My biggest accomplishment is when my, my daughter at
(30:41):
this point was 2 and I played it and she was like, oh, I
know that song. I was like, there we go.
I've won. Um, so I
did that and then now, now I'm on
bass and just, you know, just picking up different things, figuring out what I
like, and then just, you know, finding a space to just
vent and recharge really.
>> Anthony Weaver (31:01):
And that's one of the things that we don't talk about enough
as we become adults is
where what is really the balance of
the things that we want to do versus things that we have to do.
And I like that for you that you actually taking time out to do
that. Um, but yeah, maybe we might have to bring it back
on to talk about like the different strategies that
(31:23):
you use and to kind of figure it out. Are you taking like an hour a
day? You know, what, what do you guys.
Your thoughts on that.
>> Kevin L. Matthews II (31:30):
Yeah. I mean, I'll say this. So, uh,
in. In this space, like in. In personal finance,
like, I, uh. This will be 15
years in September that I've been
doing this, right? Whether
it's been blogging or
video or. Or whatever, right?
(31:51):
Which is just thinking about, like, I have
not done anything other than be black
for that long. I ain't done
nothing for that long. Um, and I've
never been burned out. I've never taken a break.
I've never quit. Right? And not everybody
can do that. And that's. You know, people go through things, Right?
(32:12):
But, uh, one way that I've been able to do that
is because I've always had that
recharge thing. And for me
right now, it's music. Other times it's, you know, I
still work out, but it's. It's working out. It's learning a new
skill. Um, so that's what keeps me going where I
don't. I never feel like, oh, this is too much. Oh, I'm
taxed. Oh, I need to take a break. It's because, like, I gotta do what I
(32:35):
gotta do. And I have fun doing this. And then I'm off.
Gonna go, I don't know, learn archery or something crazy, you know,
go watch the Hunger Games, who knows? And then come back
and then do what I do. And that's been the thing.
That's. That's been. Keep me going.
>> Anthony Weaver (32:50):
Awesome.
Um, so, Kevin, before we
dive into the final four questions, is there anything that you
want to leave the audience? Um, before we get into it?
>> Kevin L. Matthews II (33:00):
Yes, I have one request for the
items. It's going to be a little random because we haven't necessarily talked about it.
All right, so there is a proposal for the
fdic. All right. The FDIC is the Federal Deposit
Insurance Corporation. When you go into a bank and it's right there in
the bottom left hand corner of the window, in most cases,
this is the entity that ensures that you
(33:21):
get your money if the bank fails. If y' all
remember correctly, I know a lot of people, a lot
happened the last two years. Two years ago, Silicon Valley
bank collapsed. And the reason
why that's not, uh. Do you remember that when that happened?
>> Anthony Weaver (33:34):
I remember. Yeah.
>> Kevin L. Matthews II (33:35):
Okay. All right, so. Yeah, so. But. But it's not like, uh.
You remember the day that it happened?
>> Anthony Weaver (33:40):
No, I don't remember the day exactly.
>> Kevin L. Matthews II (33:42):
Reason. Okay, so the reason why it's not like, uh,
March 10, 2023, and why it's like, not like
a thing that circled on your calendar, like, we all remember where you were
when the pandemic hit, because that was a big thing. The reason why we don't
remember why that bank or remember exactly
where you were in that bank collapsed because the FDIC exists. It
worked. People got their money. It was not a. It
(34:02):
was a big deal when it happened. But it's like, okay, you got
insurance, right? Okay, cool. You got your money. Nobody
cares, right? There is a current proposal to
make some major changes at the fdic.
That is not a good thing. That's not a good thing for anybody.
So right now on my website, I have
a letter posted where you can copy,
(34:22):
paste, send it to the fdic as well as
send it to your local representative. I got
instructions on how to do it. You can do it in less than 10 minutes.
It's@buildingbread.com
FDIC. So send it so
we can keep our money and leave it alone. Okay, so
that's my one call to action for y' all.
Wrote it out. I talked to people in Washington and local
(34:45):
government, uh, officials, to make sure we send it to the right people.
But all you gotta do is email it, send it to your. Your people,
make as much noise as possible, because, again, it does
affect us all. I want to keep my money at a
normal bank. I know a whole bunch of other stuff is happening everywhere else.
That's wild. But
I'm gonna control what I can control. I'm gonna do my part right,
(35:05):
and help us keep our money safe. Because if it ain't broke,
don't fix it. Just leave it. Leave it alone. The FDIC
is fine. Wouldn't bother nobody. Let's keep it that way.
>> Anthony Weaver (35:14):
Yeah, you're so right about that.
>> Kevin L. Matthews II (35:17):
Yeah. That's my speech.
>> Anthony Weaver (35:20):
All right. Ready for number final four?
>> Kevin L. Matthews II (35:22):
Yeah,
let's.
>> Anthony Weaver (35:30):
All right, number one, what does wealth
mean to you?
>> Kevin L. Matthews II (35:35):
Wealth means choices and options. Those words
are the same thing. But what
does mean, like, I. I get choices. I could decide when I
don't have money or I have less wealth. I don't really get to choose.
You know how I get to point A to point B? Sometimes it's just
Greyhound, and that's it. I've been there,
right? But with more options, I can say
(35:56):
Greyhound, first class, driving rental,
whatever, right? So with the. With the more money I have,
the more wealth I have, the more choices I have.
>> Anthony Weaver (36:04):
Like it. Number two, what was your
worst money mistake?
>> Kevin L. Matthews II (36:09):
Ooh, my worst money mistake?
I would say there was a point.
I did a teacher. I did Teach for America teaching program,
which they at the end of the program they did pay
you? Uh, it was. You could only use it for
grad school or for. To pay down your student loans.
(36:31):
And during that two years, they, like, froze your
student loans. You did not have to pay. Looking
back, I probably should have paid those loans
just to get things down and get out of, uh,
like pay that debt off two years faster,
I think. I don't know the exact year, but maybe I would have paid it off
in 2016, which would have freed up even more money.
(36:52):
So that's probably the biggest mistake that I've made.
>> Anthony Weaver (36:56):
Give this whole another episode. Um,
we got, what, two.
>> Kevin L. Matthews II (37:01):
Two in the chamber now, right?
>> Anthony Weaver (37:05):
Number three. Is there a book that
inspired your journey or change your perspective?
>> Kevin L. Matthews II (37:11):
Ooh, changed my
journey or inspired my journey or changed
my perspective? There
have been, uh, a few that have changed my
perspective, but the one that started it all
was the Automatic Millionaire by David Bach.
I was a.
(37:32):
I guess a rising. I was graduating
senior, going into college,
so a freshman. And I was a janitor at the
library, and I was, you know, cleaning floors and
stuff at the library. Closed. And I saw it,
you know, and the librarian's desk. I'm like,
billionaire, automatic,
(37:53):
just gonna just take this and walk off.
Did I perhaps
borrow. Because it's library. So I did. It was. I
literally did borrow that book. Yeah. Did I go
through. Did I scan the book? No. Did
I return the book? I honestly do not remember.
Um, I don't know what Toast Can Library is going to
(38:15):
do about it. Anyway. Um, so that
is.
>> Anthony Weaver (38:20):
Um.
>> Kevin L. Matthews II (38:20):
But that. That's the. That's the book that started off. So I was
like, again, automatic. I was like.
The words automatic millionaire just lit me up at that time. Um,
so that's why I really started getting very deep into it
to figure out, because I was like, if it can be automatic,
I have to sit back and just be rich. Yeah, and
you can. It wasn't like I thought it was, you know, at
(38:41):
18, but it does work. It. I'm on
that track. Right. So it was definitely worth it. But that is what
started the entire thing.
>> Anthony Weaver (38:49):
Awesome.
Uh, number four, what is your favorite
dish to make?
>> Kevin L. Matthews II (38:55):
My favorite dish to make?
>> Anthony Weaver (38:57):
Yeah.
>> Kevin L. Matthews II (39:02):
Depending m on how much time I got, you have to. You're
in time box. Me?
>> Anthony Weaver (39:06):
Yeah. If you got notes, if you got unlimited time, you can make
whatever with this.
>> Kevin L. Matthews II (39:10):
If I'm. If I ain't got no time, I'm smoking a brisket. That.
That's. That's what I'm doing. I'm smoking some ribs as we speak.
I am. But,
um, but yeah, um,
yeah, if I have unlimited time, I'm definitely smoking a brisket.
It's gonna take me 18, 16 to 18
hours, depending on how big it is. And I
(39:33):
like to. It's one of those things I, I, One of those
ways. Got recharged. Right. I just learned the art of
barbecues, um, over the last two years.
But, you know, I'll season it, trim it, do that whole
thing, put on smoker overnight, and then, you
know, that next afternoon, it's going to be exactly
where we need it to be.
>> Anthony Weaver (39:53):
It's always that delayed gratification that's constantly coming up
in your story. This is great.
Um, so this is going to be the last question of the
show, which is where could people find out more about
you?
>> Kevin L. Matthews II (40:06):
Yes, you can find more about me at Building
Bread on all social media platforms. You can find me
on YouTube at building bread, where I, uh, drop
three brand new videos every single
week. And then obviously, you can get that
letter@buildingbread.com
FDIC.
>> Anthony Weaver (40:25):
Thank you, sir. So if you made it this far
and you was like, man, I really have all
these things going on in my life and my finances aren't looking right.
It's okay. Have that delayed gratification.
Um, you're doing the right thing. Think of all the things that you
have right now in your household or all the things that you have
accomplished so far in life. It's okay.
(40:47):
You're going to get there. You just got to stay
focused. Don't lose sight. You got this.
And as always, I wish you all the best.
We out.
>> Kevin L. Matthews II (40:56):
Peace.
He would sit down like, here's how to pay bills.
When we went on ski trips, ski trips didn't just
happen, right? We said, oh, we just going this well, nowhere. Like,
uh, no, my dad had a coin jar. It was like,
hey, every time I pay for something, I get changed. I put it in this
jar. When it gets full, we take it to the bank,
and then we see how much we got. And then if we get enough, then
we're gonna go to Colorado and have a fun ski trip. So to
(00:24):
me, there's a process here. There's a budget here.
It was not an overnight trip at all.
>> Anthony Weaver (00:28):
It's a
welcome back, everybody, back to another exciting show, the
about that Water podcast, where we help the
sandwich generation build strong financial habits
so that they can talk about money, spend money,
and even enjoy their money with confidence.
I'm your host, Anthony Weaver, and one
(00:51):
of the things that I have with me today is one of the
great people that I've met multiple times,
but this is the first time I actually have him on the show.
He has done well over dealing, uh,
with over $140 million in
assets. He is the number one bestseller
book. I mean, this is the second book that I got, which is
(01:11):
called From Burning to Blueprint
Rebuilding Black Wall Street. After a
century of silence now.
Welcome to the show. Kevin, how have you been today?
>> Kevin L. Matthews II (01:22):
I've been doing pretty good, thank you.
>> Anthony Weaver (01:25):
You're welcome, man.
So what is a tariff?
>> Kevin L. Matthews II (01:31):
Yeah, so the most
basic definition of a tariff is it is an
indirect tax on the consumer. So when you go
and buy something, you are going to see a higher
price. And the reason why that is is because the
importer, the store that you are buying it from, has
to pay a higher price from where they got it from, and they
just pass on the higher price to you.
>> Anthony Weaver (01:54):
And that's great that they have that. So
why do you know, countries
actually feel as though, like, hey, we're going to
threaten tariffs on you if it all automatically
comes down to the customer, like, what's the point of doing that?
>> Kevin L. Matthews II (02:08):
All right, so there are two primary reasons as to
why we impose tariffs. So, number one is to kind of
somewhat of a punishment for one country to
another to kind of get them to comply with whatever it is you're trying to
get them to do. Obviously, you don't want to go to war, right, and
fight with somebody every time you try and get them to do something.
Because if you will, one way
(02:29):
to kind of look at it. So you are saying, hey, anytime you
are selling or Sending some stuff over here, we are
going to make it more expensive. So our people
are going to buy your stuff and that's going to hurt your companies and
your industry. So that's one way. And perhaps, you
know, whether it's China or Canada or Mexico,
they may change that behavior depending on what that behavior may
(02:49):
be. So that's number one. Number two, the other side
of it is the US consumer and what they are trying to do
is disincent, incentivize, try and tell you,
hey look, if there are two things and one of them is
20 higher and they're the exact same thing, let's say
washing machines for example, are you going to buy the one
that's 20 more expensive? Probably not. Not. They are
the exact same thing. You're going to buy the American because
(03:12):
the American made one does not have the
tariff. And um, by doing that you would think
that if the American made thing is the exact same and
the exact same quality, it doesn't have a tariff because it's
20% cheaper now, then you would
support American jobs, build more American factories,
so on and so forth. Now does that work in real life?
(03:32):
That's a different story. But that is, that
is the thought and that is why people do it. Again, it worked way
better in the 1800s. Not necessarily as,
as well as what people think it will do and what they think it does
in today's age.
>> Anthony Weaver (03:46):
Yeah, Considering that we don't make too many things in
the US and a lot of the times we have
like private prisons that actually
employ the prisoners to do made in the
US products. So
how can we as consumers be more
mindful of what are we actually purchasing, what are
(04:06):
we actually supporting, uh, when it comes
to our everyday spending.
>> Kevin L. Matthews II (04:11):
Yeah, I mean you, you gotta just dig deep
and read into it. Sometimes when you
dig deeper into who the suppliers are,
that will kind of give you some info. Sometimes it'll list it in
the packaging and tell you this came from this
factory, this came from X, Y and Z. If you really
want to go into deeper detail
(04:32):
in the the they call it the
10K. These are the annual reports that
companies have to put out every year. What's called
annual report. It'll cite the risk and sometimes it'll
say supplier risk because X company in
this country is gives us chips or
glass or they make 95% of our products. If that
(04:52):
country shuts down or we get a tariff, we're not going to make our products.
Well, if it tells me that, I'm like, well your stuff
is you know, in this country or in this, this
area, I may or may not support that. Um,
so that is that they'll usually list it that way.
And, and those are some of the ways that you can kind of decide
how deep you want to go down that rabbit hole and whether or not you want to put your
dollars behind it.
>> Anthony Weaver (05:14):
Now, will the tariffs actually impose, like, inflation
or anything like that to like?
Because, uh, right now we are actually trying to fight inflation.
But yet you put tariffs on things at the same time.
Oh, yeah, that work,
yeah.
>> Kevin L. Matthews II (05:29):
So that is, that is the odd thing as to why
the tariffs were, were baffling in
a wide case. Meaning you're just slapping tariffs on
everything that's coming from an entire
country. So everything from China, everything from Mexico, everything
from Canada, and you just name a country and
you just put a tap on all of that stuff.
(05:49):
Then, yes, you would see inflation, because
we import a lot of those things. And that is
not a good, good thing. Right. At the end of the day, because if I'm
Walmart, if I'm Target, if I'm Costco,
I'm not going to eat that cost. You
think about, if you are running a business and your costs go up by
10%, you're not going to take that usually. All right, that's.
(06:10):
That sucks for me. I'm just going, I'm gonna change the sticker
price and I'm just passing on the consumer. Right. So it's
obvious that that is the logical case as to what they're going to do
usually. And what we saw during the first Trump administration is
it was very narrow and it was that, hey, just washing
machines. We're just going to put tariffs, just
soybeans for an example. We're just going to put a tariff on.
(06:30):
And we did see both washers and dryers. Even
though dryers didn't have a tariff, both of those actually
did raise in price. But that's not the entire economy.
Right. That's. That's not as bad, but it depends on
what you're putting a tariff on and how wide the tariff is going
to be and who the tariffs are going to be on. So right now it's
on China. As of today, we'll see what's going to happen
(06:51):
with, with Canada, Mexico, Europe and other
nations that we import from.
>> Anthony Weaver (06:57):
Yeah, I saw an article from the BBC
that was just talking about how there's just
a blanket tariff on all products.
>> Kevin L. Matthews II (07:05):
Yeah.
>> Anthony Weaver (07:05):
And right now the UK is kind of like, hey,
um, you're going to mess up our economy.
Too.
>> Kevin L. Matthews II (07:12):
Yeah, and that's, and that's, that's that twofold thing.
Right. So if a tariff is going to mess up the entire
economy and I don't think it's the right thing to do, but if
that's the threat and say, hey, I'm putting terrorists going ruin your entire
economy, that I need you to do whatever it is, uh, it's kind
of like a strong arm tactic. So
perhaps that's, that's the first point we talked about trying to get
(07:33):
you to do whatever it is I want you to do
without being more aggressive. So
we'll see what that aim is going to be. We'll see whether or not they're going to do
it. The other thing too is if you do that,
there is a, uh, thing called retaliation and they can also slap
a tariff on you. And that's not going to be great for us either because
we also sell things to other countries,
(07:54):
especially for the US for agriculture. We sell a lot of
stuff to other countries around the world, especially
in China and India and other places. We're very good at
growing food. We have way too much food in the US
you can tell for a lot of other reasons.
So, um, if they start slapping tariffs on us,
we can't sell that stuff because they're not going to want to buy it because
(08:15):
it's 20 or 30% higher. If we can't sell
that stuff, what happens? We lose
money, we lose jobs. And that's going to become a
problem here. So not only are you going to see inflation,
you might start to see unemployment start to
rise and you start to get high inflation and high
employment that is going to equal a recession. Now the get
(08:35):
the big thing here is if, right. If
and how long and how drastic these things are,
that's going to play, play a big factor into this.
>> Anthony Weaver (08:44):
So what are your thoughts on universal basic income?
>> Kevin L. Matthews II (08:48):
It was the, Is it this
depressing?
>> Anthony Weaver (08:54):
I had to ask. I had that.
>> Kevin L. Matthews II (08:55):
Yeah, yeah. So, so I actually did
a panel on this for
Fincon in
2018,
2017 or 2018 I
think. And I, I'm for it.
I think in certain instances it does make sense.
We've had. Now again, my, my research is
(09:16):
dated so you know, we'll, I'll have to
go back and see. But there were many
instances, I think in like certain cities across the country
where they actually did test it out, whether it was $1,000 a month or
whatever it was, it was successful. A lot of the
mistakes or the, the threats that people thought was going to
happen Actually didn't happen. People were fine.
(09:37):
And I think there, there's a good case for it.
Um, no, I don't think UBI
Universal Basic Income is going to cause mass inflation.
It really depends on how it is implemented.
And then what else happens when around it, there
is somebody out there yelling at me right now. Could you
say that the pandemic was a
(09:57):
case for that, where we were giving people
stimulus checks and people had a bunch of,
you were sitting at home, you got a check for just being there,
which, it was a challenge. We earned that.
Right. But, but because of that, that
caused inflation. My argument would
be, yes, you could say that it caused inflation. But the
(10:17):
other part was we couldn't go anywhere and do anything.
Therefore, that is why we're all bidding
up for random stuff like Meme Coin and all that kind of stuff.
If we could just travel and go out to restaurants and
do the stuff we would normally do, I don't think we would have saw inflation in
the same way.
>> Anthony Weaver (10:34):
I can see that. Yeah. Because right now, uh, actually
a lot of people probably use that money even to start off their investments for
the first time.
>> Kevin L. Matthews II (10:41):
Yeah. And, and there were some, some amazing impacts from doing
that as well.
>> Anthony Weaver (10:46):
I wonder. I mean, I'm just trying to think
philosophically here. It was like, I think
a lot of the reasons why we don't have it is
because they was like, oh, this other
demographic of people want to get it too. Like,
uh, yes. Why can't we, why can't we just keep it for
ourselves, you know?
>> Kevin L. Matthews II (11:05):
Well, yeah, I mean, and this, this goes
into perhaps we
can't, we can go there.
Yeah. So, I mean, there's, there are two things.
One is we don't necessarily, like,
help other people in America anymore. I, I,
I don't know if we ever did. But, uh, we, we definitely do not like to
(11:27):
help other people, especially black and brown folk in
America. If we see that it helps other
people, then we are, we are not going to
like that particular benefit. It has always been that way.
Free lunch programs. Oh, it's helping 40 people. That's
black. Oh, let's cut it. Like, that's, that is a wild thing.
But it happens. Like the Affordable Care
(11:47):
Act. Free health care. Affordable health care. What?
I'm not saying it's perfect, but, oh, y' all get free health care.
No, we don't want that. It's just like, damn,
that's wild. You know, it's helping people. And y'
all don't want that student loan forgiveness. Right.
I know. People are saying it's expensive and all kind of stuff, but when
you really think about, hey, can we make college more affordable?
(12:07):
No, we don't want to do that. It's just like,
why? You know, it's just there was a, um,
there was a program that was blocked by the new
Trump administration by just trying to lower
the interest rate on student loans. They were
trying, oh, it's new payment plan. It was new pay. They
were trying to pay their loans. All the plan was
(12:27):
doing. It wasn't giving nobody a handout. It wasn't
trying to, you know, forgive any debt
if that was the concern. You know what? I don't want to pay for that
for my tax dollars, whatever, right? It's just a new payment
plan to help me to pay my debt off faster and that's it. And I am
paying it all. It's like, no, we don't want to do that. It's just like,
why not? Uh, why, when do we get to a point we just help
(12:48):
nobody at all? Right? So that
is a big part of it. The other part is there is a
psychological thing that is really kind of built into the
fabric of the United States. People, uh, call it like the
Protestant work ethic. We feel
like you got to get it out the mud. And it is a
bootstrap mentality, which has actually never been the
case, um, where people feel like a
(13:10):
handout is un American and that's not how things are
built. When in reality there is a long paper trail
of, I, uh, would say more than 90% of the wealth that
is built in the United States is through
some government program. The wealthiest
man in the United States right now, Elon Musk, would not
exist today had it not been through
government programs for SpaceX to exist,
(13:33):
through government grants and programs for Tesla
to exist. Those carbon credits were through
a government program. Today, like
those things don't exist through, without government programs,
the entire real estate market. There was a point,
right, where. Yeah, yeah, like special tax
benefits for owning real estate, uh, used to get
(13:53):
special write offs for the interest for owning a
home. Like that is a government benefit
to help you to build wealth. You know,
like it's not just I did it on my own,
but that is the American ethos that we, we feel like that
has to happen. And anything that goes counter to that, or at least obvious
counter to that makes it feel like it is
(14:13):
some, some moral sin against that
individual.
>> Anthony Weaver (14:17):
Yeah.
>> Kevin L. Matthews II (14:17):
Long, uh, answer. I'm sorry.
>> Anthony Weaver (14:18):
No, you're good.
Because it gets you to think of like, why do we
do or why do we purchase the things that we purchase? And people
who are these business
gurus who are out there be like, oh, yeah, you know,
just kind of like you said, do it with your bootstraps or whatever. Oh,
I did this on my own. But would you be doing it
if you get in. Like, why would you even get into real estate if you
(14:40):
wasn't getting these tax benefits? Why would you
get into or try to pay off your city loans
if there wasn't any tax benefits? Because I think they give it to, like, twenty
five hundred dollars per year for single. And I
think if you're married, I think they still keep it at 2500.
But it's like you're getting all these tax implications
because that's what they trying to push out there.
(15:01):
Yeah.
>> Kevin L. Matthews II (15:01):
And that's the thing. Like, it is all economics is.
The study of economics is all about incentives. People do what
they are incentivized to do. And the government is supposed
to. In a perfect world, they do. They incentivize people to do the
right thing. Right? But even look at what Elon Musk is
doing now, right? But
he's getting a $400 billion contract
(15:22):
for armored Teslas from the Department
of Defense. Now
you think he just sitting next to the president for no reason? It's
like that. Is that not. Is that not government
welfare? Like, if eli gets a
$400 billion check for his business,
it's fine, right? But if. Lord
(15:42):
forbid that. If I was ever on government
assistance for food stamps, now I'm a welfare
king, and my family's terrible, right?
You see, like, the difference? Or if I were to ask for
student loan forgiveness for 30,000,
I'm a terrible person. I need to get out the mud.
But he can get 400 billion.
(16:02):
It is just like, well, wait a minute here. Yeah,
it's the same government, and it's my tax. It's still my tax
dollars in this case. And that's something that's like,
I still pay taxes. So
you know why? Why?
>> Anthony Weaver (16:18):
You know, because I try to look at it from. Also it's
like, hey, this person. Some people can look at it this way.
I'm gonna try to play devil advocate here. Um,
they will say, well, he is the least
actually bringing in jobs. He's providing jobs for
other people to get more money. Okay? But
you as an individual, just because you're trying to get
(16:38):
out of your situation, not
realizing the implications of you getting out of that
situation that you're in, you can actually help other People to
get paid for the jobs that they doing.
>> Kevin L. Matthews II (16:49):
Mhm.
>> Anthony Weaver (16:50):
Make it make sense.
>> Kevin L. Matthews II (16:52):
Yes. I mean, I would also argue, I mean
he's also cut a lot of jobs too, so.
>> Anthony Weaver (16:57):
Yeah, today.
>> Kevin L. Matthews II (16:59):
Yeah, yeah. I'm like, I mean even what, a year or two
ago. You mean the guy who cut 80% of the jobs at
Twitter, the guy who, who laid off
was however many people that worked in a nuclear office
and then realizing, oh wait a minute, we need those people.
>> Anthony Weaver (17:13):
So you saw that.
>> Kevin L. Matthews II (17:14):
Yeah, yeah. So,
so, you know, uh, again, side note,
rant, but it's that, that
ethos of, well, I want to help
certain people, but then when they do it, it's not help, but when I
do it, it is there, there are a lot of those
instances. But I, I will, I, I. On my
reading list for this year is a book called When
(17:37):
Welfare was White. Um,
so I haven't read it yet, so I can't endorse it yet, but
the title caught me.
>> Anthony Weaver (17:44):
And the reason why I might have to watch that.
>> Kevin L. Matthews II (17:47):
Yeah, yeah. And the reason why is because there have been
tons and tons of programs that were like the
GI Bill, which is, that's, that's one of them. A government
program that was almost exclusively for white
people that set up one of the greatest generations,
uh, the boomer generation. Right now it gave
them loans for housing, helped them to go to school, made
(18:07):
it extremely affordable. But black veterans who did the
exact same thing went over, fought for World War II,
almost never got those grants. We're talking less than 10%
of black vets were approved for those
that generational wealth from the homes and the,
the free college for the most part, that was
passed on. And because they didn't have student loans, they could
help save for their kids and so on and so forth. We didn't
(18:30):
get that. And now right when
we are asking for student loans, all this kind of stuff,
it feels like a handout to us when you know, you're looking
at, they had the same thing, right. Uh, the
Homestead act, where land was given
primarily to white people. I think it was 1852,
you have to correct me in the notes, uh, for that exact year,
(18:50):
but it is in the, in, in the book from Burning the Blueprint,
that was also a major land giveaway
primarily to white folk. That land
still exists. Those people used it for farming. Those
people sold that land and got cash for it. Black
people didn't get that. And that's, that's the wealth I'm talking about
where it was a government funded
(19:10):
program given to A
specific population. That wealth gap, it didn't
happen from Gucci belts and people being lazy.
Go to the Gucci belts and the Jordans. I'm like, uh,
I don't know if 200 pairs of J's or
200 pair of J's. That was started in
1984.
>> Anthony Weaver (19:31):
Really?
>> Kevin L. Matthews II (19:32):
Really what it did, you know, 200 years of damage. I
don't know.
>> Anthony Weaver (19:36):
Well, it gets me to think of the term
financial literacy, um, and that.
Or financial generational wealth. And I
listened to that and I had to think about
long and hard about it, because when it comes
to generational wealth. Air quotes here.
To me, it's almost like cleaning your house,
if you want to use that. Uh, I'm trying to use that as analogy.
(19:59):
Generational wealth is like, bring it up to cleaning your house.
Okay, well, you want to clean home
how? And that's where the
subtopics start to come in. And that's where, you
know, you and I kind of thrive in. Is like, yes, you
can get to that. But what are the small things
that you're doing dayto day to kind of get to that level?
(20:19):
Um, and I know we talked about tariffs, uh,
but what the. What are one of the things that
you seen that has been really helpful as a
subset of financial generational wealth,
um, that you seem to
resonate the most with?
>> Kevin L. Matthews II (20:37):
I would say probably one that I don't
think enough people talk about. It's
really the communication piece.
Uh, far too often we talk about
the money part of generational wealth for obvious reasons.
The wealth is in the name. Right? It's right there in the name. So
obviously you got to talk about it. Um, and
(20:59):
as I'm thinking about, it's actually two parts. So the first one is
the communication piece, because
you do have to talk
about that transfer
of I am building X, Y and Z
for you, and it's going to be
transferred. I've got this in your name, this in your
(21:19):
sister's name, so on and so forth. And the reason why that
is so important, whether it is a lot of money or a little,
is because, one, it shows that you had intention
and that I didn't just leave this earth
and just throw stuff out there. And when you pass it on,
it tells your kids, like, hey, this was the purpose of
this. And it gives them direction as well. Because I've seen as a
(21:39):
former financial advisor, a lot of times
family member passes, they all fight over stuff and nobody
knows where anything is supposed to go because there was no
communication. So that's That's a big part of it.
Uh, and then that, like, hey, I am saving this.
I am building this thing. Here is how I did
it. That's a big part, too. What I see, especially
(21:59):
for millennials and maybe, um,
Gen. Gen Z coming up now is
that for our parents, though, things were way cheaper.
$5 houses don't exist anymore. But
when we grew up, and this is just the nature of being a kid, right?
When you grow up, you grow up, your parents look as if they have
everything together. And it's just like, yeah, when I
(22:20):
come of age and just notice things, y' all had a car, y' all had a house, and
everything seemed fine. Parents should really talk
about. Not that you got to show them all the struggles of life,
right? But you, you should say, hey, when they're in their
20s. Like, hey, actually, this is what I was doing
when I was your age. I was hustling and doing two
jobs, if that were the case, or I. This is how I built all of these
(22:40):
things to show them that it wasn't just all magic and
unicorns. Because showing your kids the process
by which you acquired those things
is important. You need to show them the
blueprint to do that so that they can do that. So that's
communication. So that was number one.
Um, we talked about. I mean, we all, all know,
um, the wealth piece. And the second piece is
(23:03):
time. Far too often, I think we
assume the generational wealth is going to be. It's going to be built by me, and we
done. That's not always the case. I know it's
unfortunate at times, but it may not always.
It may take a generation to build generational wealth, and that's
okay. You might be that first domino that just
passes the baton, and you might not see it
(23:23):
through the end, but you might be the first, most important
person to start it. I think that's important, too.
So for me, I'm on track to hit
that, that million dollar mark.
Yeah, probably before. We'll see. We'll see how the market goes.
Right? But, you know,
if all things hold up, I should hit there before
(23:43):
40. Definitely before 45. We'll see.
Uh, however, even if I weren't,
I would still set my kids up to
get there. Right? So even if I'm paying
off my student loans to do all this stuff, I still would
have set my kids up to hit that mark by
3540. Right? By putting away
(24:04):
$50 a month, $100 a month or whatever. Right. You see
what I mean? Like, I, uh, Even if I didn't, I might not get there,
but I'm going to make sure somebody else is. And that.
And that's a part of it too. Right. So you may not
always get there, but again, through that communication, through that
intention, and say, hey, I mean, I hit a million,
but, hey, I got four or five hundred thousand.
(24:24):
That's why I'm leaving y' all. And y' all get to start here. Y' all
get to start 500,000 further
than what the previous generation did. And that is how
it starts. Leave them further than what the
previous generation did.
>> Anthony Weaver (24:38):
And that goes back to
the, uh. I guess you could say the old saying
is that you kind of act like the
people that you hang around with the most. And if your
kids are hanging around with you a lot and
you actually teaching them these different values, see, different money
values, they're going to more than likely either, A,
(24:58):
see what you're doing and say, like, oh, uh, man, I really like what they
were doing. Let's mimic that. Or B,
resent all of it. Because I hated having
just peanut butter and jelly sandwich with rice and beans every day
because I'm gonna just eat steak and, you
know, cereal just because I can
be. And also because I didn't have it when I was younger.
>> Kevin L. Matthews II (25:18):
Yeah.
>> Anthony Weaver (25:18):
So, yeah.
What are the things that you actually felt
that you feel that you're doing right now for your children?
>> Kevin L. Matthews II (25:27):
Yeah. Yeah. So my kids are a little
younger. Um, so my son will be seven in.
In March, and my daughter is now. But
what I do is. So we've ordered some
finance flashcards. Uh, my son
got his first wallet for his birthday last year.
Congrats and thank you. And what I do
is I have him to make very small
(25:49):
financial decisions at this point in time, when
I am. And it's something my. My dad kind of did for me. But
like you said, like, I have him when I do certain
YouTube videos, if he's home and not at school, depending on what time
I'm recording, I'll have him come and sit in the room
and watch me talk about money. Right. If I'm
editing or something and he's trying to read
or. Or I'm not trying to distract him, but if he's
(26:12):
reading or doing his own work or something, I was like, hey, just sit here
and edit a video, because I'm showing him the process. But also,
he is hearing about index funds, he's hearing
about the stock market, he's hearing about retirement. And that
stuff slowly, over time, does kind of
seep in to. To you. When I go to
a grocery store, I'll say, hey, pull out your
(26:32):
wallet. I'll give him the money instead of making him pay for it, right?
But I'll give him the money, put it in his wallet, and he'll
go and pay for something so he can understand how
money works, how to talk to people, right? And
ask for things. Since it was the digital world, you still got to deal with people
and have those conversations. And that's how
it starts. As it gets older, we'll start to read money books
(26:53):
and have deeper conversations, but really getting
them into the practice of dealing with money,
understanding the vocabulary. Um, what my
dad did, he would sit down, like, here's how to
pay bills. Um, when we went on ski trips,
ski trips didn't just happen, right? I was
like, oh, we just going to do this? Well, nowhere. Like, uh, no, my
(27:13):
dad had a coin jar. It was like, hey, every time I
pay for something, I get changed. I put it in this jar. When it gets full,
we take it to the bank, and then we see how much we got.
And then if we get enough, then we're going to go to Colorado and have a fun
ski trip. So to me, I'm like, there's a process
here. There is a budget here. It was not
an overnight trip at all. It took years.
(27:34):
So, you know, I'm, like, slowly sitting here like,
m. This is not, like, instant gratification,
right? So I got to sit slowly, see
it. And that is what kind of got my realization
around how money actually works and something that we're doing with them.
>> Anthony Weaver (27:50):
Man, I love that story and actually
bringing them into that. Um, has
this. And he also talked about your relationship with your parents.
So that is amazing that, you know,
everybody. You starting everybody off young because it's,
you know, at the age of, what, eight is
when everybody kind of remember that money story.
(28:10):
I think you said you remember yours from when you were
six, which is rare for a lot of people.
I don't recall what I was doing at 6.
I was.
>> Kevin L. Matthews II (28:20):
I was a strange child.
>> Anthony Weaver (28:24):
Uh, so we want to dive into which is the third segment
here, which is the futures. Um, so, like, what
areas of focus that you feel that you have to make
the most improvement on in your life?
>> Kevin L. Matthews II (28:35):
Just in general.
>> Anthony Weaver (28:37):
Yeah.
>> Kevin L. Matthews II (28:38):
Ooh.
>> Anthony Weaver (28:39):
Oh.
>> Kevin L. Matthews II (28:39):
Uh, man.
Just in general, I think.
So. I. At 35, I.
I am by no means a master at anything, so let me. Let
me say that. But I do feel that
I. I've gotten to a point where I. I
now feel Like I'm
(29:00):
competent at most things that I'm trying to do in my life. I will
say improvement wise. I'm trying to learn more
instruments and try to just find ways to
de. Stress and find avenues to.
We work hard, we do content, you do work dealing
with, you know, there's a lot going on and
music. Trying to learn music has kind of been my,
(29:20):
my place. So trying to be
better at that, finding those avenues and really
taking the time to dive
into it and really invest in it is the thing I'm trying to improve
in.
>> Anthony Weaver (29:33):
Which instrument are you looking into?
>> Kevin L. Matthews II (29:35):
Right now? It's bass guitar.
>> Anthony Weaver (29:37):
Oh, okay. That is pretty cool.
Left, uh, hand, Right hand, right hand. Okay.
All right. Well, we might talk offline because I have a
regular. I have a six, I have two six string guitars and I was going
to get back into it and I was like,
I, I have them, I had them for years, but just don't
ask me to play a song.
>> Kevin L. Matthews II (29:59):
Yeah, I, you know, it's something kind of
going back to, you know, wealth and sometimes
as you get older, you buy the things that you wish you
would have had. So for me, I just, for whatever reason, I just wish
I had a piano when I was a kid and wish I just grew
up in a house that just was full of music
and just wish that I just
(30:20):
started off as a child knowing that.
Um, so maybe three years ago we got a keyboard.
Um, yeah, three years ago I got
a keyboard. Two years ago I taught myself how to play trumpet. I
wasn't good at it. Um, I could play tune with tick a little
star. Okay, I can do that.
Yeah. My biggest accomplishment is when my, my daughter at
(30:41):
this point was 2 and I played it and she was like, oh, I
know that song. I was like, there we go.
I've won. Um, so I
did that and then now, now I'm on
bass and just, you know, just picking up different things, figuring out what I
like, and then just, you know, finding a space to just
vent and recharge really.
>> Anthony Weaver (31:01):
And that's one of the things that we don't talk about enough
as we become adults is
where what is really the balance of
the things that we want to do versus things that we have to do.
And I like that for you that you actually taking time out to do
that. Um, but yeah, maybe we might have to bring it back
on to talk about like the different strategies that
(31:23):
you use and to kind of figure it out. Are you taking like an hour a
day? You know, what, what do you guys.
Your thoughts on that.
>> Kevin L. Matthews II (31:30):
Yeah. I mean, I'll say this. So, uh,
in. In this space, like in. In personal finance,
like, I, uh. This will be 15
years in September that I've been
doing this, right? Whether
it's been blogging or
video or. Or whatever, right?
(31:51):
Which is just thinking about, like, I have
not done anything other than be black
for that long. I ain't done
nothing for that long. Um, and I've
never been burned out. I've never taken a break.
I've never quit. Right? And not everybody
can do that. And that's. You know, people go through things, Right?
(32:12):
But, uh, one way that I've been able to do that
is because I've always had that
recharge thing. And for me
right now, it's music. Other times it's, you know, I
still work out, but it's. It's working out. It's learning a new
skill. Um, so that's what keeps me going where I
don't. I never feel like, oh, this is too much. Oh, I'm
taxed. Oh, I need to take a break. It's because, like, I gotta do what I
(32:35):
gotta do. And I have fun doing this. And then I'm off.
Gonna go, I don't know, learn archery or something crazy, you know,
go watch the Hunger Games, who knows? And then come back
and then do what I do. And that's been the thing.
That's. That's been. Keep me going.
>> Anthony Weaver (32:50):
Awesome.
Um, so, Kevin, before we
dive into the final four questions, is there anything that you
want to leave the audience? Um, before we get into it?
>> Kevin L. Matthews II (33:00):
Yes, I have one request for the
items. It's going to be a little random because we haven't necessarily talked about it.
All right, so there is a proposal for the
fdic. All right. The FDIC is the Federal Deposit
Insurance Corporation. When you go into a bank and it's right there in
the bottom left hand corner of the window, in most cases,
this is the entity that ensures that you
(33:21):
get your money if the bank fails. If y' all
remember correctly, I know a lot of people, a lot
happened the last two years. Two years ago, Silicon Valley
bank collapsed. And the reason
why that's not, uh. Do you remember that when that happened?
>> Anthony Weaver (33:34):
I remember. Yeah.
>> Kevin L. Matthews II (33:35):
Okay. All right, so. Yeah, so. But. But it's not like, uh.
You remember the day that it happened?
>> Anthony Weaver (33:40):
No, I don't remember the day exactly.
>> Kevin L. Matthews II (33:42):
Reason. Okay, so the reason why it's not like, uh,
March 10, 2023, and why it's like, not like
a thing that circled on your calendar, like, we all remember where you were
when the pandemic hit, because that was a big thing. The reason why we don't
remember why that bank or remember exactly
where you were in that bank collapsed because the FDIC exists. It
worked. People got their money. It was not a. It
(34:02):
was a big deal when it happened. But it's like, okay, you got
insurance, right? Okay, cool. You got your money. Nobody
cares, right? There is a current proposal to
make some major changes at the fdic.
That is not a good thing. That's not a good thing for anybody.
So right now on my website, I have
a letter posted where you can copy,
(34:22):
paste, send it to the fdic as well as
send it to your local representative. I got
instructions on how to do it. You can do it in less than 10 minutes.
It's@buildingbread.com
FDIC. So send it so
we can keep our money and leave it alone. Okay, so
that's my one call to action for y' all.
Wrote it out. I talked to people in Washington and local
(34:45):
government, uh, officials, to make sure we send it to the right people.
But all you gotta do is email it, send it to your. Your people,
make as much noise as possible, because, again, it does
affect us all. I want to keep my money at a
normal bank. I know a whole bunch of other stuff is happening everywhere else.
That's wild. But
I'm gonna control what I can control. I'm gonna do my part right,
(35:05):
and help us keep our money safe. Because if it ain't broke,
don't fix it. Just leave it. Leave it alone. The FDIC
is fine. Wouldn't bother nobody. Let's keep it that way.
>> Anthony Weaver (35:14):
Yeah, you're so right about that.
>> Kevin L. Matthews II (35:17):
Yeah. That's my speech.
>> Anthony Weaver (35:20):
All right. Ready for number final four?
>> Kevin L. Matthews II (35:22):
Yeah,
let's.
>> Anthony Weaver (35:30):
All right, number one, what does wealth
mean to you?
>> Kevin L. Matthews II (35:35):
Wealth means choices and options. Those words
are the same thing. But what
does mean, like, I. I get choices. I could decide when I
don't have money or I have less wealth. I don't really get to choose.
You know how I get to point A to point B? Sometimes it's just
Greyhound, and that's it. I've been there,
right? But with more options, I can say
(35:56):
Greyhound, first class, driving rental,
whatever, right? So with the. With the more money I have,
the more wealth I have, the more choices I have.
>> Anthony Weaver (36:04):
Like it. Number two, what was your
worst money mistake?
>> Kevin L. Matthews II (36:09):
Ooh, my worst money mistake?
I would say there was a point.
I did a teacher. I did Teach for America teaching program,
which they at the end of the program they did pay
you? Uh, it was. You could only use it for
grad school or for. To pay down your student loans.
(36:31):
And during that two years, they, like, froze your
student loans. You did not have to pay. Looking
back, I probably should have paid those loans
just to get things down and get out of, uh,
like pay that debt off two years faster,
I think. I don't know the exact year, but maybe I would have paid it off
in 2016, which would have freed up even more money.
(36:52):
So that's probably the biggest mistake that I've made.
>> Anthony Weaver (36:56):
Give this whole another episode. Um,
we got, what, two.
>> Kevin L. Matthews II (37:01):
Two in the chamber now, right?
>> Anthony Weaver (37:05):
Number three. Is there a book that
inspired your journey or change your perspective?
>> Kevin L. Matthews II (37:11):
Ooh, changed my
journey or inspired my journey or changed
my perspective? There
have been, uh, a few that have changed my
perspective, but the one that started it all
was the Automatic Millionaire by David Bach.
I was a.
(37:32):
I guess a rising. I was graduating
senior, going into college,
so a freshman. And I was a janitor at the
library, and I was, you know, cleaning floors and
stuff at the library. Closed. And I saw it,
you know, and the librarian's desk. I'm like,
billionaire, automatic,
(37:53):
just gonna just take this and walk off.
Did I perhaps
borrow. Because it's library. So I did. It was. I
literally did borrow that book. Yeah. Did I go
through. Did I scan the book? No. Did
I return the book? I honestly do not remember.
Um, I don't know what Toast Can Library is going to
(38:15):
do about it. Anyway. Um, so that
is.
>> Anthony Weaver (38:20):
Um.
>> Kevin L. Matthews II (38:20):
But that. That's the. That's the book that started off. So I was
like, again, automatic. I was like.
The words automatic millionaire just lit me up at that time. Um,
so that's why I really started getting very deep into it
to figure out, because I was like, if it can be automatic,
I have to sit back and just be rich. Yeah, and
you can. It wasn't like I thought it was, you know, at
(38:41):
18, but it does work. It. I'm on
that track. Right. So it was definitely worth it. But that is what
started the entire thing.
>> Anthony Weaver (38:49):
Awesome.
Uh, number four, what is your favorite
dish to make?
>> Kevin L. Matthews II (38:55):
My favorite dish to make?
>> Anthony Weaver (38:57):
Yeah.
>> Kevin L. Matthews II (39:02):
Depending m on how much time I got, you have to. You're
in time box. Me?
>> Anthony Weaver (39:06):
Yeah. If you got notes, if you got unlimited time, you can make
whatever with this.
>> Kevin L. Matthews II (39:10):
If I'm. If I ain't got no time, I'm smoking a brisket. That.
That's. That's what I'm doing. I'm smoking some ribs as we speak.
I am. But,
um, but yeah, um,
yeah, if I have unlimited time, I'm definitely smoking a brisket.
It's gonna take me 18, 16 to 18
hours, depending on how big it is. And I
(39:33):
like to. It's one of those things I, I, One of those
ways. Got recharged. Right. I just learned the art of
barbecues, um, over the last two years.
But, you know, I'll season it, trim it, do that whole
thing, put on smoker overnight, and then, you
know, that next afternoon, it's going to be exactly
where we need it to be.
>> Anthony Weaver (39:53):
It's always that delayed gratification that's constantly coming up
in your story. This is great.
Um, so this is going to be the last question of the
show, which is where could people find out more about
you?
>> Kevin L. Matthews II (40:06):
Yes, you can find more about me at Building
Bread on all social media platforms. You can find me
on YouTube at building bread, where I, uh, drop
three brand new videos every single
week. And then obviously, you can get that
letter@buildingbread.com
FDIC.
>> Anthony Weaver (40:25):
Thank you, sir. So if you made it this far
and you was like, man, I really have all
these things going on in my life and my finances aren't looking right.
It's okay. Have that delayed gratification.
Um, you're doing the right thing. Think of all the things that you
have right now in your household or all the things that you have
accomplished so far in life. It's okay.
(40:47):
You're going to get there. You just got to stay
focused. Don't lose sight. You got this.
And as always, I wish you all the best.
We out.
>> Kevin L. Matthews II (40:56):
Peace.
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