October 15, 2024 • 29 mins
In this episode of the Bigg Homie Podcast, the hosts engage in a lively discussion about financial recovery, the perception of wealth, and the responsibilities that come with it. They explore how to manage money effectively, the importance of investing, and the challenges of helping family and friends while maintaining personal financial health. The conversation emphasizes the need for emotional control in spending and the significance of setting boundaries when it comes to financial support.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
What do you want me to say?
(00:01):
Street school.
Grammar Street school.
(00:44):
they don't like snow with it.
Without the one I was having.
Man, I appreciate you come back.
Episode two The Big Homie Podcast.
I had to come get you.
That was, book of spite on my list.
You get that?
Jesus Christ, Brooke,
(01:05):
I hope you seen this fight month.
We've been with the Big On Me podcast.
We've been.
There's a little spider on my leg, man.
You know, the Lord say, you know,stand your toe.
Watch out for the whole screen.
What's happening?
What up?
What were you, man?
(01:25):
Man. We got some special guests on heretoday.
We got my boy Speight.
What up though?
Hello. It's,
It's a pleasure.
The day, man. New star day. Shit, man.
I love the God, bro.
Let me say what that shitremind me of moving
that video and then throwing the game sizeand that one thing in the.
(01:46):
Yeah,
yeah.
That's great.
Hey, that's the way there.
We got exquisite jazz.
Exquisitely jazz.
Hey, everybody. Hello.
How you doing?
Good afternoon. I'm. Well, what about you?
I I'm good.
Lester. Highly favored in the lowest.
(02:07):
They get his hands on me.
That's sound good to me.
When he do, we want
the will.
I'll pay my, No, man.
How y'all doing? The jazz.
I first of all, you know, we I love weyou know, we I'm trying to have a
a lady present on thisthis platform frequently, you know,
(02:29):
I mean, not necessarily every time, but,you know, frequently.
So let me ask you first,how do you feel about being on the Big
Homie podcast?
I'm excited.
Yeah. Because I'm so I'm always with it.
You know, anytime you call,
that's the stuff that we're going to,we're going to we're going to definitely,
(02:50):
we definitely family set up the street.
Shout out to you man.
And we got,
nothing specific,you know what I'm saying.
But we do got an interesting topic.
Today.
And it's basically how to shake back, howto shake back, how to shake back.
(03:11):
You was tough.
And, you know,it's a lot of different directions.
You can go with that.
With that being said,we're going to start with financially.
And the reasonI want to start with financially,
because my boy spadeover here in the county,
you know, a little bit about money,my need you
(03:33):
just a little bit, you know, $1plus another dollar, $10.
Okay.
I ain't got nothing for you to account,but I got somebody for your ass to scam.
Hey, know what you trying to do?
Let me give you my number.
Okay?
Okay.
(03:53):
Being familiar with money,
let I have let me rephrase that.
Being being familiar with colleagueswho are familiar with money,
does a person being an accountant
make them more responsible?
Yes. But it's notbecause you're just naturally responsible.
(04:16):
It is just knowing right and wrong.
So every time as an accountant,you do something reckless,
like you are purposefully doing itrecklessly because you know better.
So just by doing it like at the wall,it'd be like I,
I know I need to be better with my money.
I know I need to budget,I know I need to take care bills.
(04:39):
And I don't knowif everybody else had parents,
but as a parent,setting something up for my girl.
So yeah, it's just I know better.
So though old saying if you know better,you do better.
That's where it comes from.
But it comes fromnot just being an accountant.
Like if you work in Finance Hill,you work in the bank, he's just a teller.
Or you just work with money
(05:00):
at the while, like you're going toyou're going to pick up a habit.
All right.
I'm seeing a lot of
people make money,and I want to make money,
and I want to be able to keep my moneybecause black people,
a lot of times it ain't making the moneythat we have a problem.
It's got down keeping the money.
Go and look at somebody over that.
(05:21):
Yeah.
Yeah, I think over that issueand even in debt, like,
I have that same I had those same issueslike my shoe habit.
I should not be spending what I spend.
Oh, shoot. Commodity.
This is.
Actually, a new group.
So yeah man.
But that's just part of how we raise like
(05:43):
we we are raised to a,we got a few dollars culture.
We got to show it like,
we don't like we could bethe richest person in the room,
but if we ain't showing itlike the rest of us.
So we're going to havesome jewelry for we,
are we going to have some shoesthat you don't realize we're 5 billion.
(06:03):
Okay, okay.
So I mean even oh, go ahead, go ahead.
I just,
I feel like I used to be like that,but after a while,
I started thinking, like,I make good money.
Yeah,but if something was to happen right now,
I might not have the money to cover itor something like that.
So after a while and the older I got,I started moving a little bit different.
(06:28):
I didn't have to flaunt it.
Sometimes less is more.
Sometimes I can have on something andsomebody won't even know what it's worth.
But because it's not one of thoseyou know, it got guys
all over it or the logo showingreal big or whatever the case may be.
But I started
saving my money a little bit differentlyand spending a little bit differently.
(06:49):
Don't get me wrong,I still spend on what I want to spend.
However, I feel like as I got older,
it ain't even about impressing
people is about being ableif something was to happen.
Let's say if
I don't know, somebody diedor somebody went to this day I got money.
Rainy day, rainy, I got a rainy day.
(07:10):
Fund it right their whole way to me. Okay.
So before you know,I leave this, this subject,
because I do want to, x snow a question
on a subject.
I want to ask you, Ben
and accounting and going to school forwhat is some of the things
that you learned in your, education
(07:32):
that is like, common for,
you know, like the everyday person,like something that they need to know
this was like, was interesting enoughthat they need to know this.
Yeah.
Sitting money in a bank accountor a funny mattress is stupid.
(07:52):
The longer your dollar is
sitting somewhere where it's not creatingmore money, it's stupid.
It's a waste of money.
You're actually losing. Like,
somebody as a kid just loves.
I had a cut up mattress, you know,stuff in my money in the mattress, like.
Yeah, it's stupid.
You're not getting anything.
So I would say the biggest thing is,
(08:13):
getting into stocks rightnow, it's easier than it's ever been.
Like cash apps,you can buy partial stocks.
Like, you can literally spend a dollarto get a stock
and just let it sit therefor a couple months.
And you know what?
That dollar may now progress to $1.50,but it's still 50 cent
more than you would have hadif that dollar was just sitting
(08:36):
in the draweror in four quarters in a change.
And could you speaking to the top ofthe mike for me, please? Yeah
I thank yeah.
So yeah, just like investing our money andlike I said you can do something simple.
Like, we all know major companies Walmart,
Amazon, Microsoft like those companies
(08:59):
for the most part, especially Walmart,Amazon aren't going anywhere.
They employ too many peoplefor the government to allow them to fail,
so they ain't going nowhere.
Putting your $5 there versus,
you know, like I said,just having to sit in a drawer is kind of,
it's actually dumb,but nobody teaches us that.
So that's what we do.
(09:19):
Okay.
So you to choose stocks that thinkI'm bad at that, I actually choose, I try,
but but that's why I say for youstart choosing socks
when you have the moneyto be okay with it.
If I'm a loser, if this is your only five,don't push your whole farther.
But if you okay with it,like you know what?
(09:40):
This five is going to turn to four.
If you are in a position to do that DNSwhen you go, oh, maybe
let me risk you here for this upand coming up and come in company.
They may turn into something versusthis is all you got.
That's what I always say.
Go with the staples Walmart, Apple IDthese companies who over time,
no matter what for the most partis going to incline and go up.
(10:03):
Like, don't get it wrong. You'regoing to sell at some point, have your,
blockbusters in different companies.
It's become obsolete.
So that's why I say like Walmart, Apple.
Like thoughit's going to take a lot for them
to become obsolete, and you'regoing to see it coming before it happens.
Like those.
Don't you know that stock any $5 though.
But that's why I say that's why I say,
(10:24):
but that's why I say, Cash app.
So far, these are places that allow youto spend $5 and you get a partial stock.
So at whatever percentage that stock goesup, that's what your $5 is going to go.
So I have
in cash out maybe like $600 of,
(10:46):
partial stocks of these bigger companies.
You use that little thingat the bottom of the Cash App.
Yeah, yeah, see, I was get at it.
I think everything's a scam, so. Yeah.
Yeah, yeah.
Yeah, I really, really work.
Yeah. Reallywork. And like, I, you know, I,
I keep up with
it, like, so I'm always on it,just seeing what my money is doing
(11:06):
and to, like, if you buy enough,eventually it does become a whole stock.
And I get different letters for likewhen Apple is doing a voting,
like they're,doing a governance board vote.
Like I get the updates and stuff for thatbecause I actually own some of the stock.
So let me ask you this as we talkabout bouncing back a little bit.
So if you lost a lot of money
(11:27):
or you see a stock that you choosegoing down, at what point do you know
to either sell it or just keep it,just leave it alone?
How do you do? All right.
So I can give you a real life example.
Is this I'm not keep plugging brands.
It's this one auto
auto invest stock account that I had
(11:49):
where I put $500 in itand, it was just supposed to auto invest.
I'm not going to touch it.
It's supposed to grow within, like,six months of me doing it.
It went from 500 to like, 422.
So at that point, I put that money
there to invest and save so
(12:09):
I could pull it out and lose $80,or I can just let it sit.
So in the next six monthsnow it's back up to five like 523.
So within a year it went all the way downis back up to 523.
So that's why it just goes back toare you able to wait it out?
And two if it's falling why is it falling.
(12:29):
Like I said, if you had blockbusterat the time of this height
and you see this Netflix thingstarting to pick up steam, like, hey,
you better cut your losses,because clearly now that coming back
by saying with Kodakwhen digital cameras came out,
hey, so it is part of just keeping up withwhat's going on in technology
because nowadays that what ends companiesmore than anything is technology.
(12:54):
Okay. I got,
I got a question and it's to use.
No. Oh,
so, you know,
you're somebody
who's like, let me let me just be frank.
You somebody that nigga's lookingat, like, you got a lot of money.
(13:14):
Do you feel that way?
Like, is that fair to say?
Yeah, I guess so.
So you also, it's also fair to saythat you looked at somebody who
is looked at like a straightening.
Yeah.
Unfortunately
that's unfortunate.
I think it's actually kind of cool.
(13:34):
It is now.
So like what are what are,what are some of the
because you, you make big investmentsbecause you mentioned earlier Steve.
Yeah.
Do is that something is it like
oh let me go out here hustle hustle hustleso I can get this.
Or is this something that like, okay,I'm gonna save, I'm a plan.
(13:55):
I'm gonna try to be responsible.
I can'tI don't want to use the word responsible,
but I'm gonna try to budget, so.
So, you know, you gotta travel money.
Travel money that's going to come. It'sgoing to come and go.
So when you get it fast, you spin it fast.
You know, I gotta go to well fromgo to like a it's a hood trophy.
The more you get the more moneythey know you get.
(14:16):
Because you know a grill,you can go to the mall
and get you a six things a grill for $99,but you gotta go.
Crowds, you know, it's like 2002.
So now you see a niggaget his whole mouth go, you know,
he don't spend, you know, all thesethousands of dollars on his mouth.
I was like.
(14:38):
You going to buy what you wantright then and there?
Because you don't know if you're going to
even be allowed to spend the moneythe next day.
Now, people always ask mewhat I was going to do at 35.
I could never give them that answerbecause to be honest,
I didn't thinkI would be alive, to see 35.
So I just told them, see,whatever happened, happened.
(14:59):
So now that I'm here, it's like, damn,what am I going to do?
You know, at this age?
Because
I waste half of my lifebeen in the streets.
So now, you know, it's good to hear that.
You know, we got accountants
because my next questionis going to be, see,
how can I cleanoff some of this dirty money?
(15:21):
Leave me in the right
direction on meand my family without getting killed.
Because, like, a lot of peoplesee my interview that was on.
Now, when you get shot seven times,you know, is
people are here to get shot at onceand, you know.
No. Not alive. No. I got shot seven times.
No. Did time in prison.
But you shouldn't have to do all sevenYonkers seven times.
(15:44):
You like you. Yeah, yeah.
Where are you this morning.
Yeah. For show.
Yeah.
That's fine. Yeah. But,
you know.
Okay. So,
like, moving the conversation on because,
you know, the subject initiallywas supposed to be how to shake it.
Yeah.
And, you know,I wanted to start with finances
(16:05):
because I think that'ssomething we all seem to
deal with.
You know what I'm saying?
Some of us struggle, some of us prosper.
You know what I mean? But,
jazz going to you,how do you control your emotions
or your actions when it comes to saving?
(16:26):
Or like I said, at a certain point,
realize like, damn,
I have I make a good I'm,I make decent money and
I feel like I really don't have nothingto fall back on at that point.
And it was some stuff that happenedin my life where finances changed
a little bit.
I had to do a little bit moreor whatever, but,
(16:47):
and that was at that point where I'm like,damn,
I should have a good checkingand energy savings, but I don't.
So, really, I just had ait was a mental thing for me.
I had to really buckle down.
I started writing stuff down, which iscrazy because now I'm full of like, damn,
I'm acting like I'm a now.
I realized why she was writing stuff down,or my grandpa,
(17:09):
why he was writing stuff down,because you had to see that shit
and you got to plan that shit out,and then you got to put it into motion.
But you really, it's really a mental thingto make you switch up, because again,
you got to not worry about whatother people think, what
other people got to say, because,you know, half the time they only know
the big stuff that they see.
They don't even really realizewhat's valuable and what's not. So
(17:32):
it ain't about
flaunting in front ofnobody is about making sure you straight.
And then once you do something like thatnow I still can save
and I still can go out and buy somethingthat I won't like early.
I told you, I'm getting ready,buy me a truck.
But I'm still going to be straightand I'm still going to have some savings.
But is ha is very hard.
But okay.
(17:53):
This is, can I can I say one thing?
But and I y'all both kind ofhave talked about it
in different ways.
I feel like a
one way to, like, fix a lot of in povertyor just bad spending that we do is a race
is we focus more on the worth of somethingand versus what we pay.
(18:16):
Like perfect example,we've always seen interviews
with different rappers or celebrities.
I spent 100,000 on this chain,but the chain is worth 25.
Where the real brag would beI spent ten on
this chain is worth 50, so right.
So if you look at, let's say, your grill,you may not listen.
Let's pretend you don't have no moneysitting to the side,
(18:37):
but you have real gold in your mouththat you pay 500 fo.
And today is worth 1200 food.
So that means you you you're makinga profit while doing what you want to do.
Like I said, I have a shoe habit.
I have most of my shoesI try to buy today.
I have some shoes that I pay $400now, worth about a billion.
So I, I treat my closet as a stock.
(18:59):
So there's times where I'm like, damn,I spent a lot of money on shoes.
But if I was to go sell them today,I can go quick, flip that back.
And if we focus more on value on evenour bigger purchases, like will be cool.
Like,
eventually your issues you have on
your feet is going to be worthmore than what you pay for.
So eventually,you know, hey, I need a quick two back.
(19:19):
You can go get that, like, immediately.
Let me let me lead oninto the next subject, though.
And, we're going to stay with you.
How do you,
because I'm going to ask Tony next,but I'm actually in a different manner.
But how do you,
try to convince or, like,
(19:42):
how do you speak to your familyor how does your family respond to,
the knowledge you've been able to gainfrom being in the county?
Well, fine.
Like, I'm, I'm blunt to a fault.
So usually when I say something,it kind of resonates
because I'm not gonna bullshit you.
I'm not gonna be like,oh, yeah, you don't get no like you.
(20:03):
You wallet like, right?
Like right. No.
Yeah.
Like I didn't respond.
Well,
no, not all the time.
Like,I can give you a very personal story.
My wife, went to college.
She studied African-American studies
when she,
(20:24):
she lost her second job and couldn'tfind one.
And I lit her, and I said,
what job did you think you was gonna findwith African-American study?
It was a long day in my.
It was like a long day.
Long day I've been finding for it.
So that's what I'm saying. Like,
being willing to be honestwith the people you care about
(20:46):
and also accepting their honestybecause, yeah, a lot of time,
people just walking out who file justbecause somebody's scared to say something
and it's okay.
And snow the it's this same questionbut in a different manner.
How do you feel about people who
act or expect of you
when you have the perceptionof having money?
(21:10):
My story of my life,
I'ma tell you it'slike they buy a $20 tree tomorrow.
You're going to getif I can, if I can tell you
how many, put me on messages,I get em, in my inbox.
It'll blow your mind.
But it's like
they think cause you get it.
(21:31):
And you family,you you expected to spend it on them,
you know, so it make it hard.
You go back to what you were saying,
make it hard to save and then make it hardto actually invest in something.
Because, hey, mama, needsome granny need something?
Your mama want to quit a job?Granny wanted to quit her job.
Your brother got a bar and it's just.
And it's just ait's a never ending process.
(21:54):
And it's things that you care about.
So you feel obligated
to a certain extent, for sure.
Right?
I think that's one of my biggestdownfalls.
One of my biggest downfallsis I like to Tyler Perry, you bitch.
You know what that is? I talk to him. He
I like to find a raggedy ass hole
and beat her ass up and turn it intokarate like Chris Brown did.
(22:16):
Crews.
We ain't know who the fuck root wordsto Chris Brown karate hood.
And so I like to do the same shit.
I like to find me little raggedy.
And they, they work at, like,you know, bank ins,
throw a little something,take a little somewhere.
Scene that would be in and boom.
Was that a bad investment?
Always is a terrible mess.
Like it's
(22:38):
hey, I just, you know,
if y'all don't
get anything from this,I guess I understand.
Grills good investment.
Hold bad event.
Yeah. Okay.
No, wait, wait.
I'm not even gonna ask youabout the investment.
(22:58):
But I am going to ask you, like.
Okay, so has there ever been a time
and then not not even necessarilydealing with money
has ever been a time where you feel likeyou had to disassociate yourself or cut
somebody else.
You know what I'm saying?
Family or close friend?
I did it for several people.
Actually, me and one of my friends,we are like that friend,
(23:21):
the one people called.
When people go to where there's financial,whether it is emotional,
all of that shit,always the one there for people,
always who are reaching out,making sure you okay.
But I say this year, 2024,I'm not doing that shit.
If you don't talk to meor if you don't check on me, I'm
not going to be the one who reaches out.
And then,I got some friends who will literally
(23:42):
only call me when I need some money,and I'll be that person.
I'm not going to let you like itcut out if it's not good for your kids.
I'm not gonna let that happen with.
Was, you know, a little bit
like.
Could I do on Sunday?
What you trying to do now, baby?
(24:03):
Need some shoes.
Why should I do shit like that?
But we're going to go ahead.
You go make surelike you don't even call me and say
I keep you.
Yeah.
Okay.
So Sunday.
So, But but even with that, like,both of y'all talk about helping people,
(24:24):
I think you should havethat circle of people in your mind.
Don't nobody got to know of.
If these people call, I'm going to help.
And then you just got the other ones,like,
is it never.
Is he ever time with too many times?
Yeah.
And I'm going to tellyou like just wants to go again.
Imma Imma tell you what I do
(24:44):
because from whereI'm from, I'm relatively successful.
I ain't the richest but I ain't the broke.
And last year,not trying to set it up, my mother passed.
I've had three differentpeople ask me for money.
You know what I say? My mom and dad,what do you want from me?
And thenand now they got the awkward stuff.
They can go, oh, man.
They'd be like,hey, hey, maybe, like, maybe like,
(25:07):
hey, hey, bro, I really need it.
I be like, I need my mama
and my mom and, man,
for but $40.
I could get my mom.
I that I know what you
say, so that's crazy, people.
So you're not going to be the peoplewho that you gotta ask that question.
(25:28):
How many times is stupid?
Nah, that's not that's not true.
I'ma tell y'all close circle, you know?
But I still do it for it or not doing it.
I mean, because it differentwhen it's like family though,
you know what I'm saying?
Because I, I learned yesterday,literally yesterday,
about helping people.
They say sometimes like
(25:48):
let's, let's use God
and the people that useyou and your, your child.
You know what I'm saying?
Let's say you tell your sonnot to go across the street
or your daughternot to go across the street,
and then they listen to you, but
then your people come up and be like, man,you know your day to be trippin, man.
You can go ahead and cross the street
(26:10):
like you going to be upset at your childfor going across the street,
but you going to be more upset
at the person that told your sonit was okay to go across the street.
You know what I'm saying?
It's kind of the same way God is with us.
It's likeif somebody's bad with their money
and you bailing them out,you know what I'm saying?
I feel like stuffprobably going to start happening
(26:32):
in your life that you not ready forbecause God going to show you that.
Like, nowyou could have used that money for you.
And I'm going to show youwhat this motherfucker going through.
You know what I'm saying?
Because you want to interferewith what I'm trying to teach you.
You know what I'm saying?
The same way with the parent.
It's like, nigga, I'm trying to teachmy kid what I'm trying to teach my kid.
(26:54):
And you, in a way, actually go like this.
That happened to me.
So you know what I'm saying?
Recently.
Yeah, I learned that shit yesterday.
I don't know if that's,You know what I'm saying?
That, is like law,
but so far as helping people, ideaput it in perspective,
you know, I'm saying like a lot so.
(27:17):
But yeah, but I also think I just go backto just choosing who you help.
And like I understand y'all makingis there such thing is too much.
But there's certain people in your life,
that there is not going to be
a never too much like,my older grandmother.
Like, there
there is no such thing as never too muchlike she's just done too, too much for me.
(27:37):
And I like for there to bea such thing is too much.
So there is just some peoplethat just going to have that past,
like it's my girls become an adultjust for me.
You brought up parenting
like there's going to be points where,all right, daddy, daddy got you.
All right. Now I got to let youI got to let you learn.
And and that's the same with, like,just people in your life.
(27:58):
Unless you've put them in that category ofthere is no there is no.
You know,I might be like, hey, I know I got you.
Okay, so let me,let me bring this into perspective.
So, so I'm gonna go to you,
is it harder
to make them adjustments as a person,
(28:18):
whether it's financiallyor with your character?
You know what I'm saying?
When that person is closer to you,like when they.
When you see them all the time, likewhen they're around their day, really?
And then hold on for me,because I got the same feel about it.
I'm only going to help you so many times,then it's going to be fuck.
It's like we can either fight the bador you can get the fuck out of my life,
(28:40):
you know?
And they go fromeven if they owe you, like, it's like,
yeah, it isn't that for that I give themfor the night of the last night.
And I'm expecting them backwhen I put it in their hands.
Rule number one,my daddy told me said, don't loan.
And if you ain't,if you respect that, you get it back.
So if they ask for a thousand,I give them 1000.
I automatically chop, chop it up and say,yeah, I know I ain't getting it back.
(29:04):
It's going to be a thousand excuses.
Your grandma might need this and draw.
Yeah.
Let's, the babymom and stripping are no money.
Too crazy. Oh,
What do you want me to say?
(00:01):
Street school.
Grammar Street school.
(00:44):
they don't like snow with it.
Without the one I was having.
Man, I appreciate you come back.
Episode two The Big Homie Podcast.
I had to come get you.
That was, book of spite on my list.
You get that?
Jesus Christ, Brooke,
(01:05):
I hope you seen this fight month.
We've been with the Big On Me podcast.
We've been.
There's a little spider on my leg, man.
You know, the Lord say, you know,stand your toe.
Watch out for the whole screen.
What's happening?
What up?
What were you, man?
(01:25):
Man. We got some special guests on heretoday.
We got my boy Speight.
What up though?
Hello. It's,
It's a pleasure.
The day, man. New star day. Shit, man.
I love the God, bro.
Let me say what that shitremind me of moving
that video and then throwing the game sizeand that one thing in the.
(01:46):
Yeah,
yeah.
That's great.
Hey, that's the way there.
We got exquisite jazz.
Exquisitely jazz.
Hey, everybody. Hello.
How you doing?
Good afternoon. I'm. Well, what about you?
I I'm good.
Lester. Highly favored in the lowest.
(02:07):
They get his hands on me.
That's sound good to me.
When he do, we want
the will.
I'll pay my, No, man.
How y'all doing? The jazz.
I first of all, you know, we I love weyou know, we I'm trying to have a
a lady present on thisthis platform frequently, you know,
(02:29):
I mean, not necessarily every time, but,you know, frequently.
So let me ask you first,how do you feel about being on the Big
Homie podcast?
I'm excited.
Yeah. Because I'm so I'm always with it.
You know, anytime you call,
that's the stuff that we're going to,we're going to we're going to definitely,
(02:50):
we definitely family set up the street.
Shout out to you man.
And we got,
nothing specific,you know what I'm saying.
But we do got an interesting topic.
Today.
And it's basically how to shake back, howto shake back, how to shake back.
(03:11):
You was tough.
And, you know,it's a lot of different directions.
You can go with that.
With that being said,we're going to start with financially.
And the reasonI want to start with financially,
because my boy spadeover here in the county,
you know, a little bit about money,my need you
(03:33):
just a little bit, you know, $1plus another dollar, $10.
Okay.
I ain't got nothing for you to account,but I got somebody for your ass to scam.
Hey, know what you trying to do?
Let me give you my number.
Okay?
Okay.
(03:53):
Being familiar with money,
let I have let me rephrase that.
Being being familiar with colleagueswho are familiar with money,
does a person being an accountant
make them more responsible?
Yes. But it's notbecause you're just naturally responsible.
(04:16):
It is just knowing right and wrong.
So every time as an accountant,you do something reckless,
like you are purposefully doing itrecklessly because you know better.
So just by doing it like at the wall,it'd be like I,
I know I need to be better with my money.
I know I need to budget,I know I need to take care bills.
(04:39):
And I don't knowif everybody else had parents,
but as a parent,setting something up for my girl.
So yeah, it's just I know better.
So though old saying if you know better,you do better.
That's where it comes from.
But it comes fromnot just being an accountant.
Like if you work in Finance Hill,you work in the bank, he's just a teller.
Or you just work with money
(05:00):
at the while, like you're going toyou're going to pick up a habit.
All right.
I'm seeing a lot of
people make money,and I want to make money,
and I want to be able to keep my moneybecause black people,
a lot of times it ain't making the moneythat we have a problem.
It's got down keeping the money.
Go and look at somebody over that.
(05:21):
Yeah.
Yeah, I think over that issueand even in debt, like,
I have that same I had those same issueslike my shoe habit.
I should not be spending what I spend.
Oh, shoot. Commodity.
This is.
Actually, a new group.
So yeah man.
But that's just part of how we raise like
(05:43):
we we are raised to a,we got a few dollars culture.
We got to show it like,
we don't like we could bethe richest person in the room,
but if we ain't showing itlike the rest of us.
So we're going to havesome jewelry for we,
are we going to have some shoesthat you don't realize we're 5 billion.
(06:03):
Okay, okay.
So I mean even oh, go ahead, go ahead.
I just,
I feel like I used to be like that,but after a while,
I started thinking, like,I make good money.
Yeah,but if something was to happen right now,
I might not have the money to cover itor something like that.
So after a while and the older I got,I started moving a little bit different.
(06:28):
I didn't have to flaunt it.
Sometimes less is more.
Sometimes I can have on something andsomebody won't even know what it's worth.
But because it's not one of thoseyou know, it got guys
all over it or the logo showingreal big or whatever the case may be.
But I started
saving my money a little bit differentlyand spending a little bit differently.
(06:49):
Don't get me wrong,I still spend on what I want to spend.
However, I feel like as I got older,
it ain't even about impressing
people is about being ableif something was to happen.
Let's say if
I don't know, somebody diedor somebody went to this day I got money.
Rainy day, rainy, I got a rainy day.
(07:10):
Fund it right their whole way to me. Okay.
So before you know,I leave this, this subject,
because I do want to, x snow a question
on a subject.
I want to ask you, Ben
and accounting and going to school forwhat is some of the things
that you learned in your, education
(07:32):
that is like, common for,
you know, like the everyday person,like something that they need to know
this was like, was interesting enoughthat they need to know this.
Yeah.
Sitting money in a bank accountor a funny mattress is stupid.
(07:52):
The longer your dollar is
sitting somewhere where it's not creatingmore money, it's stupid.
It's a waste of money.
You're actually losing. Like,
somebody as a kid just loves.
I had a cut up mattress, you know,stuff in my money in the mattress, like.
Yeah, it's stupid.
You're not getting anything.
So I would say the biggest thing is,
(08:13):
getting into stocks rightnow, it's easier than it's ever been.
Like cash apps,you can buy partial stocks.
Like, you can literally spend a dollarto get a stock
and just let it sit therefor a couple months.
And you know what?
That dollar may now progress to $1.50,but it's still 50 cent
more than you would have hadif that dollar was just sitting
(08:36):
in the draweror in four quarters in a change.
And could you speaking to the top ofthe mike for me, please? Yeah
I thank yeah.
So yeah, just like investing our money andlike I said you can do something simple.
Like, we all know major companies Walmart,
Amazon, Microsoft like those companies
(08:59):
for the most part, especially Walmart,Amazon aren't going anywhere.
They employ too many peoplefor the government to allow them to fail,
so they ain't going nowhere.
Putting your $5 there versus,
you know, like I said,just having to sit in a drawer is kind of,
it's actually dumb,but nobody teaches us that.
So that's what we do.
(09:19):
Okay.
So you to choose stocks that thinkI'm bad at that, I actually choose, I try,
but but that's why I say for youstart choosing socks
when you have the moneyto be okay with it.
If I'm a loser, if this is your only five,don't push your whole farther.
But if you okay with it,like you know what?
(09:40):
This five is going to turn to four.
If you are in a position to do that DNSwhen you go, oh, maybe
let me risk you here for this upand coming up and come in company.
They may turn into something versusthis is all you got.
That's what I always say.
Go with the staples Walmart, Apple IDthese companies who over time,
no matter what for the most partis going to incline and go up.
(10:03):
Like, don't get it wrong. You'regoing to sell at some point, have your,
blockbusters in different companies.
It's become obsolete.
So that's why I say like Walmart, Apple.
Like thoughit's going to take a lot for them
to become obsolete, and you'regoing to see it coming before it happens.
Like those.
Don't you know that stock any $5 though.
But that's why I say that's why I say,
(10:24):
but that's why I say, Cash app.
So far, these are places that allow youto spend $5 and you get a partial stock.
So at whatever percentage that stock goesup, that's what your $5 is going to go.
So I have
in cash out maybe like $600 of,
(10:46):
partial stocks of these bigger companies.
You use that little thingat the bottom of the Cash App.
Yeah, yeah, see, I was get at it.
I think everything's a scam, so. Yeah.
Yeah, yeah.
Yeah, I really, really work.
Yeah. Reallywork. And like, I, you know, I,
I keep up with
it, like, so I'm always on it,just seeing what my money is doing
(11:06):
and to, like, if you buy enough,eventually it does become a whole stock.
And I get different letters for likewhen Apple is doing a voting,
like they're,doing a governance board vote.
Like I get the updates and stuff for thatbecause I actually own some of the stock.
So let me ask you this as we talkabout bouncing back a little bit.
So if you lost a lot of money
(11:27):
or you see a stock that you choosegoing down, at what point do you know
to either sell it or just keep it,just leave it alone?
How do you do? All right.
So I can give you a real life example.
Is this I'm not keep plugging brands.
It's this one auto
auto invest stock account that I had
(11:49):
where I put $500 in itand, it was just supposed to auto invest.
I'm not going to touch it.
It's supposed to grow within, like,six months of me doing it.
It went from 500 to like, 422.
So at that point, I put that money
there to invest and save so
(12:09):
I could pull it out and lose $80,or I can just let it sit.
So in the next six monthsnow it's back up to five like 523.
So within a year it went all the way downis back up to 523.
So that's why it just goes back toare you able to wait it out?
And two if it's falling why is it falling.
(12:29):
Like I said, if you had blockbusterat the time of this height
and you see this Netflix thingstarting to pick up steam, like, hey,
you better cut your losses,because clearly now that coming back
by saying with Kodakwhen digital cameras came out,
hey, so it is part of just keeping up withwhat's going on in technology
because nowadays that what ends companiesmore than anything is technology.
(12:54):
Okay. I got,
I got a question and it's to use.
No. Oh,
so, you know,
you're somebody
who's like, let me let me just be frank.
You somebody that nigga's lookingat, like, you got a lot of money.
(13:14):
Do you feel that way?
Like, is that fair to say?
Yeah, I guess so.
So you also, it's also fair to saythat you looked at somebody who
is looked at like a straightening.
Yeah.
Unfortunately
that's unfortunate.
I think it's actually kind of cool.
(13:34):
It is now.
So like what are what are,what are some of the
because you, you make big investmentsbecause you mentioned earlier Steve.
Yeah.
Do is that something is it like
oh let me go out here hustle hustle hustleso I can get this.
Or is this something that like, okay,I'm gonna save, I'm a plan.
(13:55):
I'm gonna try to be responsible.
I can'tI don't want to use the word responsible,
but I'm gonna try to budget, so.
So, you know, you gotta travel money.
Travel money that's going to come. It'sgoing to come and go.
So when you get it fast, you spin it fast.
You know, I gotta go to well fromgo to like a it's a hood trophy.
The more you get the more moneythey know you get.
(14:16):
Because you know a grill,you can go to the mall
and get you a six things a grill for $99,but you gotta go.
Crowds, you know, it's like 2002.
So now you see a niggaget his whole mouth go, you know,
he don't spend, you know, all thesethousands of dollars on his mouth.
I was like.
(14:38):
You going to buy what you wantright then and there?
Because you don't know if you're going to
even be allowed to spend the moneythe next day.
Now, people always ask mewhat I was going to do at 35.
I could never give them that answerbecause to be honest,
I didn't thinkI would be alive, to see 35.
So I just told them, see,whatever happened, happened.
(14:59):
So now that I'm here, it's like, damn,what am I going to do?
You know, at this age?
Because
I waste half of my lifebeen in the streets.
So now, you know, it's good to hear that.
You know, we got accountants
because my next questionis going to be, see,
how can I cleanoff some of this dirty money?
(15:21):
Leave me in the right
direction on meand my family without getting killed.
Because, like, a lot of peoplesee my interview that was on.
Now, when you get shot seven times,you know, is
people are here to get shot at onceand, you know.
No. Not alive. No. I got shot seven times.
No. Did time in prison.
But you shouldn't have to do all sevenYonkers seven times.
(15:44):
You like you. Yeah, yeah.
Where are you this morning.
Yeah. For show.
Yeah.
That's fine. Yeah. But,
you know.
Okay. So,
like, moving the conversation on because,
you know, the subject initiallywas supposed to be how to shake it.
Yeah.
And, you know,I wanted to start with finances
(16:05):
because I think that'ssomething we all seem to
deal with.
You know what I'm saying?
Some of us struggle, some of us prosper.
You know what I mean? But,
jazz going to you,how do you control your emotions
or your actions when it comes to saving?
(16:26):
Or like I said, at a certain point,
realize like, damn,
I have I make a good I'm,I make decent money and
I feel like I really don't have nothingto fall back on at that point.
And it was some stuff that happenedin my life where finances changed
a little bit.
I had to do a little bit moreor whatever, but,
(16:47):
and that was at that point where I'm like,damn,
I should have a good checkingand energy savings, but I don't.
So, really, I just had ait was a mental thing for me.
I had to really buckle down.
I started writing stuff down, which iscrazy because now I'm full of like, damn,
I'm acting like I'm a now.
I realized why she was writing stuff down,or my grandpa,
(17:09):
why he was writing stuff down,because you had to see that shit
and you got to plan that shit out,and then you got to put it into motion.
But you really, it's really a mental thingto make you switch up, because again,
you got to not worry about whatother people think, what
other people got to say, because,you know, half the time they only know
the big stuff that they see.
They don't even really realizewhat's valuable and what's not. So
(17:32):
it ain't about
flaunting in front ofnobody is about making sure you straight.
And then once you do something like thatnow I still can save
and I still can go out and buy somethingthat I won't like early.
I told you, I'm getting ready,buy me a truck.
But I'm still going to be straightand I'm still going to have some savings.
But is ha is very hard.
But okay.
(17:53):
This is, can I can I say one thing?
But and I y'all both kind ofhave talked about it
in different ways.
I feel like a
one way to, like, fix a lot of in povertyor just bad spending that we do is a race
is we focus more on the worth of somethingand versus what we pay.
(18:16):
Like perfect example,we've always seen interviews
with different rappers or celebrities.
I spent 100,000 on this chain,but the chain is worth 25.
Where the real brag would beI spent ten on
this chain is worth 50, so right.
So if you look at, let's say, your grill,you may not listen.
Let's pretend you don't have no moneysitting to the side,
(18:37):
but you have real gold in your mouththat you pay 500 fo.
And today is worth 1200 food.
So that means you you you're makinga profit while doing what you want to do.
Like I said, I have a shoe habit.
I have most of my shoesI try to buy today.
I have some shoes that I pay $400now, worth about a billion.
So I, I treat my closet as a stock.
(18:59):
So there's times where I'm like, damn,I spent a lot of money on shoes.
But if I was to go sell them today,I can go quick, flip that back.
And if we focus more on value on evenour bigger purchases, like will be cool.
Like,
eventually your issues you have on
your feet is going to be worthmore than what you pay for.
So eventually,you know, hey, I need a quick two back.
(19:19):
You can go get that, like, immediately.
Let me let me lead oninto the next subject, though.
And, we're going to stay with you.
How do you,
because I'm going to ask Tony next,but I'm actually in a different manner.
But how do you,
try to convince or, like,
(19:42):
how do you speak to your familyor how does your family respond to,
the knowledge you've been able to gainfrom being in the county?
Well, fine.
Like, I'm, I'm blunt to a fault.
So usually when I say something,it kind of resonates
because I'm not gonna bullshit you.
I'm not gonna be like,oh, yeah, you don't get no like you.
(20:03):
You wallet like, right?
Like right. No.
Yeah.
Like I didn't respond.
Well,
no, not all the time.
Like,I can give you a very personal story.
My wife, went to college.
She studied African-American studies
when she,
(20:24):
she lost her second job and couldn'tfind one.
And I lit her, and I said,
what job did you think you was gonna findwith African-American study?
It was a long day in my.
It was like a long day.
Long day I've been finding for it.
So that's what I'm saying. Like,
being willing to be honestwith the people you care about
(20:46):
and also accepting their honestybecause, yeah, a lot of time,
people just walking out who file justbecause somebody's scared to say something
and it's okay.
And snow the it's this same questionbut in a different manner.
How do you feel about people who
act or expect of you
when you have the perceptionof having money?
(21:10):
My story of my life,
I'ma tell you it'slike they buy a $20 tree tomorrow.
You're going to getif I can, if I can tell you
how many, put me on messages,I get em, in my inbox.
It'll blow your mind.
But it's like
they think cause you get it.
(21:31):
And you family,you you expected to spend it on them,
you know, so it make it hard.
You go back to what you were saying,
make it hard to save and then make it hardto actually invest in something.
Because, hey, mama, needsome granny need something?
Your mama want to quit a job?Granny wanted to quit her job.
Your brother got a bar and it's just.
And it's just ait's a never ending process.
(21:54):
And it's things that you care about.
So you feel obligated
to a certain extent, for sure.
Right?
I think that's one of my biggestdownfalls.
One of my biggest downfallsis I like to Tyler Perry, you bitch.
You know what that is? I talk to him. He
I like to find a raggedy ass hole
and beat her ass up and turn it intokarate like Chris Brown did.
(22:16):
Crews.
We ain't know who the fuck root wordsto Chris Brown karate hood.
And so I like to do the same shit.
I like to find me little raggedy.
And they, they work at, like,you know, bank ins,
throw a little something,take a little somewhere.
Scene that would be in and boom.
Was that a bad investment?
Always is a terrible mess.
Like it's
(22:38):
hey, I just, you know,
if y'all don't
get anything from this,I guess I understand.
Grills good investment.
Hold bad event.
Yeah. Okay.
No, wait, wait.
I'm not even gonna ask youabout the investment.
(22:58):
But I am going to ask you, like.
Okay, so has there ever been a time
and then not not even necessarilydealing with money
has ever been a time where you feel likeyou had to disassociate yourself or cut
somebody else.
You know what I'm saying?
Family or close friend?
I did it for several people.
Actually, me and one of my friends,we are like that friend,
(23:21):
the one people called.
When people go to where there's financial,whether it is emotional,
all of that shit,always the one there for people,
always who are reaching out,making sure you okay.
But I say this year, 2024,I'm not doing that shit.
If you don't talk to meor if you don't check on me, I'm
not going to be the one who reaches out.
And then,I got some friends who will literally
(23:42):
only call me when I need some money,and I'll be that person.
I'm not going to let you like itcut out if it's not good for your kids.
I'm not gonna let that happen with.
Was, you know, a little bit
like.
Could I do on Sunday?
What you trying to do now, baby?
(24:03):
Need some shoes.
Why should I do shit like that?
But we're going to go ahead.
You go make surelike you don't even call me and say
I keep you.
Yeah.
Okay.
So Sunday.
So, But but even with that, like,both of y'all talk about helping people,
(24:24):
I think you should havethat circle of people in your mind.
Don't nobody got to know of.
If these people call, I'm going to help.
And then you just got the other ones,like,
is it never.
Is he ever time with too many times?
Yeah.
And I'm going to tellyou like just wants to go again.
Imma Imma tell you what I do
(24:44):
because from whereI'm from, I'm relatively successful.
I ain't the richest but I ain't the broke.
And last year,not trying to set it up, my mother passed.
I've had three differentpeople ask me for money.
You know what I say? My mom and dad,what do you want from me?
And thenand now they got the awkward stuff.
They can go, oh, man.
They'd be like,hey, hey, maybe, like, maybe like,
(25:07):
hey, hey, bro, I really need it.
I be like, I need my mama
and my mom and, man,
for but $40.
I could get my mom.
I that I know what you
say, so that's crazy, people.
So you're not going to be the peoplewho that you gotta ask that question.
(25:28):
How many times is stupid?
Nah, that's not that's not true.
I'ma tell y'all close circle, you know?
But I still do it for it or not doing it.
I mean, because it differentwhen it's like family though,
you know what I'm saying?
Because I, I learned yesterday,literally yesterday,
about helping people.
They say sometimes like
(25:48):
let's, let's use God
and the people that useyou and your, your child.
You know what I'm saying?
Let's say you tell your sonnot to go across the street
or your daughternot to go across the street,
and then they listen to you, but
then your people come up and be like, man,you know your day to be trippin, man.
You can go ahead and cross the street
(26:10):
like you going to be upset at your childfor going across the street,
but you going to be more upset
at the person that told your sonit was okay to go across the street.
You know what I'm saying?
It's kind of the same way God is with us.
It's likeif somebody's bad with their money
and you bailing them out,you know what I'm saying?
I feel like stuffprobably going to start happening
(26:32):
in your life that you not ready forbecause God going to show you that.
Like, nowyou could have used that money for you.
And I'm going to show youwhat this motherfucker going through.
You know what I'm saying?
Because you want to interferewith what I'm trying to teach you.
You know what I'm saying?
The same way with the parent.
It's like, nigga, I'm trying to teachmy kid what I'm trying to teach my kid.
(26:54):
And you, in a way, actually go like this.
That happened to me.
So you know what I'm saying?
Recently.
Yeah, I learned that shit yesterday.
I don't know if that's,You know what I'm saying?
That, is like law,
but so far as helping people, ideaput it in perspective,
you know, I'm saying like a lot so.
(27:17):
But yeah, but I also think I just go backto just choosing who you help.
And like I understand y'all makingis there such thing is too much.
But there's certain people in your life,
that there is not going to be
a never too much like,my older grandmother.
Like, there
there is no such thing as never too muchlike she's just done too, too much for me.
(27:37):
And I like for there to bea such thing is too much.
So there is just some peoplethat just going to have that past,
like it's my girls become an adultjust for me.
You brought up parenting
like there's going to be points where,all right, daddy, daddy got you.
All right. Now I got to let youI got to let you learn.
And and that's the same with, like,just people in your life.
(27:58):
Unless you've put them in that category ofthere is no there is no.
You know,I might be like, hey, I know I got you.
Okay, so let me,let me bring this into perspective.
So, so I'm gonna go to you,
is it harder
to make them adjustments as a person,
(28:18):
whether it's financiallyor with your character?
You know what I'm saying?
When that person is closer to you,like when they.
When you see them all the time, likewhen they're around their day, really?
And then hold on for me,because I got the same feel about it.
I'm only going to help you so many times,then it's going to be fuck.
It's like we can either fight the bador you can get the fuck out of my life,
(28:40):
you know?
And they go fromeven if they owe you, like, it's like,
yeah, it isn't that for that I give themfor the night of the last night.
And I'm expecting them backwhen I put it in their hands.
Rule number one,my daddy told me said, don't loan.
And if you ain't,if you respect that, you get it back.
So if they ask for a thousand,I give them 1000.
I automatically chop, chop it up and say,yeah, I know I ain't getting it back.
(29:04):
It's going to be a thousand excuses.
Your grandma might need this and draw.
Yeah.
Let's, the babymom and stripping are no money.
Too crazy. Oh,
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