January 13, 2025 • 35 mins
Rashad Bilal & Troy Millings of EYL Share How to Avoid Traps of Poverty + Quickest Way to Get Rich!
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Speaker 1 (00:08):
Let's be the freestyle.
Speaker 2 (00:11):
Let's do it.
Speaker 1 (00:12):
I know one of y'all got a freestyle.
Speaker 3 (00:18):
I know I don't want to do it.
Speaker 2 (00:21):
I don't.
Speaker 3 (00:22):
Every time they tell me freestyle, I just start spitting ja.
Speaker 1 (00:24):
Fine shot de Troya. Here are your leisure.
Speaker 4 (00:31):
Authors, podcasters, financial literacy, glorus.
Speaker 1 (00:36):
What else are you?
Speaker 3 (00:36):
I mean those are the titles?
Speaker 1 (00:38):
Right, what else you got? Give me the other title?
Speaker 2 (00:42):
Father?
Speaker 1 (00:43):
Fathers, husband?
Speaker 3 (00:45):
Yes, yes, what are you?
Speaker 4 (00:48):
You're not a father or husband on the streets.
Speaker 3 (00:53):
Definitely problem in the streets. Servants, humble servants, but.
Speaker 4 (00:59):
Really right now, authors, that's why we're here today. Congratulations,
this is super dope.
Speaker 3 (01:03):
Thank you so much, Thank you so much.
Speaker 1 (01:05):
It is I know what it is to do a book.
It's like a long haul effort, the process.
Speaker 2 (01:12):
That's our first one to Yeah, that's even That's what
I mean. It's first, kid.
Speaker 1 (01:15):
You can't slap it together. It takes a long time.
Speaker 4 (01:18):
Did you do a audiobook yet we read it?
Speaker 1 (01:22):
You didn't read it? So hours and hours to do that?
Speaker 5 (01:25):
Yeah, somebody you read that over? Hey say that with
a little bit more feeling. Hey there's a period there.
So yeah, man, it's like you're back in school again.
Speaker 1 (01:33):
We're gonna talk about this book today.
Speaker 4 (01:34):
We're gonna talk about some of the gems and the
jewels to share them with folks. We're gonna talk about
what else we're gonna talk about today. Podcast is doing well,
The show.
Speaker 1 (01:44):
Is did you do these events? The events are going well? Right.
Speaker 5 (01:51):
Thank you for his fifth rendition which is five already
five August. You know, we've taken over the city Atlanta
four years in a row, so we're gonna run it
back one more year.
Speaker 3 (02:00):
So yeah, we're excited about that.
Speaker 1 (02:01):
I love that for you. What's your what's your vibes?
Right now? Today?
Speaker 4 (02:06):
And there's a lot of weird shit going on in
the world. We were talking about this yesterday briefly, but
like there's a lot of weirdness going on in the world.
Speaker 1 (02:11):
Are you affected? Are you like, oh, business as usual?
Let me go, Like, how do you respond?
Speaker 2 (02:16):
It's always something I feel like, it's always something happening, unfortunately,
but the show must go on, you know, definitely, you know,
always thinking about the less fortunate though, and people that
are suffering, and it seems like, you know, that's always
the case overseas. Domestically, it's always something and social media.
(02:36):
Now you get to see it twenty four hours a day.
Like before, you might watch it on the news if
you watch the news or you watched read the newspaper.
But now it's like as soon as you score on,
you're going to see something that's really heartbreaking.
Speaker 1 (02:50):
Also for the most part breaking, and then put the
heartbreaking song on top of it. It's like the trauma
porn on social media.
Speaker 4 (02:56):
Yeah. But the crazy thing is, I was telling the
room earlier. Television that lets me see local news in
different places. So I'm watching the local news in Los
Angeles all day today, boy, and watching on the ground
what people are going through right now.
Speaker 1 (03:12):
Is really also traumatized.
Speaker 2 (03:14):
Or anything like that. I mean, La gets fires all
the time, but.
Speaker 1 (03:17):
Not this is different.
Speaker 5 (03:19):
They had the statistic again on social media. In nineteen
eighty five, the amount of money that the state of
California spent on wildfires was like fourteen million. Fast forward
to twenty twenty five. This looks like this is going
to be hundreds of billions.
Speaker 2 (03:33):
Fifty billion.
Speaker 5 (03:34):
It's not enough, and that won't be and it's not
over yet, right like so we don't even know it's
it's horrific, but something's happening, right, whether it's if you
don't believe in climate change, something's happening that's causing us
to be more and more occurt more and more.
Speaker 1 (03:48):
Do you believe in climate change?
Speaker 3 (03:50):
I believe yeah. I mean I know something is showing
you right, like hello, the.
Speaker 5 (03:56):
Winters, the summers, I mean, the ocean temperature, like all
those things that just not happened about coincidents.
Speaker 1 (04:02):
I just saw this story too, and I was thinking
about you, guys.
Speaker 4 (04:04):
I was like, I wonder what you know about this,
But I know that a lot of like fire insurance
like on people's home has been canceled as recently.
Speaker 2 (04:12):
They just posted that a lot of homes in the
Palisades area, which is one of the areas affected by
the fires, they canceled the fire insurance companies canceled their
fire insurance like three months ago.
Speaker 1 (04:24):
What is that about.
Speaker 2 (04:26):
It's just like a lot of places that have floods
right there, Like it's like if it becomes too much
of a risk for the insurance company and like we're
not going to insurance anymore. Because insurance companies make money,
so they have to have not a lot of claims
for them to make money off of the premium. But
if it's more claims than the premiums that they collected,
then it's not in their best interest to insure it anymore.
(04:48):
So there is some some level of I think state
insurance still, but yeah, a lot of homeowners don't have
insurance and their home burned down. So now they got
to try to figure it out. They're gonna have to
go through FEMA and go through the state. You know,
that's gonna be ass whenever the government gets involved. So yeah,
it's an unfortunate situation, but it is a learning experience
as well.
Speaker 1 (05:06):
What is the lesson?
Speaker 2 (05:07):
Make sure that you got insurance, make sure where you're
moving is you always want to move to these these
like even coastal areas in Florida. But it's like, okay,
if a hurricane happens, what happens? Are you on the water.
It's a beautiful view, but you're talking about, you know,
climate change. They're saying that, you know, in fifty years,
South Beach is not going to be there anymore, Like
how we know it? So is it worth it? Maybe? Maybe,
(05:29):
maybe not. You just gotta take that into consideration. That's
why even areas like in Miami, it's interested in inland,
like Little Haiti is actually becoming more and more valuable
because now the place the places that was inland that
were not valuable because they was inland, is actually valuable
now because that's like one of the only areas in
Miami that's actually on high ground. Wow and not below water.
Speaker 1 (05:52):
Wow.
Speaker 4 (05:52):
What about I feel like one of those people that
insurance was canceled and you have to like rebuild, Like
even financially, what does that look like for people?
Speaker 1 (06:01):
How do you even begin?
Speaker 5 (06:02):
I mean a lot of the I mean it's difficult, right,
Like from what we've been seeing, it's affluent areas, but
like that cost like I'm building a house right now,
Like the amount of money that goes into that, the
amount of I mean, you've lost everything. Most of these
people have lost all they belonging memories. They have their lives,
which is the most important thing. But that rebuild process
number one is an emotional tool, right Like I was
(06:23):
watching people on news going back to seeing what they
were just in their house five hours ago and now
is going the emotional The financial burden is just if
you don't have a reserve, right. Some people don't write
like they've built this home and this is it. I
put all my money into this. Now what right? You
don't have insurance? So what do you do? Do you
do you have somebody to lean on? Do you have
(06:43):
a place you can now go? These are those questions
like having a plan before you make any type of
purchase important, But like you know, it's a timely lesson.
It's an unfortunate lesson as.
Speaker 4 (06:55):
Well, super unfortunate God bless man. I thought to prayers
of course everybody, everybody out there, and with that, and
then if you know, for what you guys are good
at in terms of the bread, like recovery and that,
like when somebody's down, take the fires out of it.
People having hard times out here in other ways, like
people are going broke in many.
Speaker 1 (07:16):
Ways, Like how do you what is the first.
Speaker 4 (07:18):
Step in rebuilding if you've lost everything? Is that one
of your lessons in here?
Speaker 1 (07:22):
It should be? If not for sure, okay, like.
Speaker 2 (07:24):
Looking at your situation, paying off debt, managing your I mean,
you gotta be honest. Sometimes you gotta have a sit
down with yourself and have an honest conversation with yourself.
Like you try to run from it and you're spending
more money than you make, You're putting stuff on credit cards,
You're still going out every night, You're still going to
the clubs, and that is actually running from your reality.
Sometimes you gotta realize like them, like I'm messed up.
(07:46):
I can't afford to go out right now. I gotta
sit down for six months. I gotta sit down for
a year. I gotta cut back this Christmas. We're not
doing Christmas like. You gotta have some some real conversations
with yourself, and unfortunately a lot of people don't have
those conversations. It's easy to mask that kind of financial
trauma or to just fig it like you know what
I mean, act like you know you okay, but you're
(08:08):
really not. So it's the same thing with any type
of even like you're going through a breakup, psychological trauma.
It's the same thing. People mass there their insecurities and
masks what they're going through. But ultimately that's just going
to keep you deeper and deeper in the whole. So
we talk about that for sure, like facing your financial trauma,
looking yourself in the mirror, like making hard decisions, you know,
paying off your credit card. It's not like just the
(08:28):
one quick thing where you become a millionaire overnight. It's
going to take discipline, But I feel like it just
depends on what's more important to you. If staying where
you at is okay, then you're going to stay where
you at. But if you really want to go places
in life, then you got to make sacrifices, make some changes.
Speaker 1 (08:44):
Have you ever had to do that? Either one of you, like,
have that talk with yourself.
Speaker 3 (08:49):
Of course, what did you cut?
Speaker 1 (08:50):
What did you do? What did you have to do?
Speaker 3 (08:53):
I made it a few times.
Speaker 5 (08:54):
I remember I purchased a car and I was just
like you, of course.
Speaker 3 (09:01):
I'm just making you know, you gotta.
Speaker 1 (09:02):
Get Do you have a whole kick on it?
Speaker 3 (09:06):
I didn't. They had just changed the voice. It was
dove out.
Speaker 5 (09:09):
You know, growing up fresh as it was, you just
dream of having this BMW and I was like, yeah,
this is great, and I was trying to make this team.
It was just like, you know I could afford this,
or I thought I could, just because I wanted to show, like,
you know, I got a job, I got a career.
Speaker 1 (09:28):
Now this is why you're like already earn your leisure.
Speaker 3 (09:30):
Like you gotta make some mistakes.
Speaker 4 (09:33):
But I'm saying, were you making mistakes as.
Speaker 5 (09:35):
No, no, this is this is like this is a
younger version of myself and quickly realized like, hey, you
can't afford this, but you do the guard. I didn't
sell the car, which is the ironic thing. I tried
to figure out more ways to make money, which was helpful, Right,
I'm going to do over time. When I was working
in the school, I started doing after school programs, or
(09:57):
I'll take another job on the weekend. And so I
just try to figure out more ways to make money,
not realizing like, hey, this is more debt coming because
I'm going to school. I know I'm accumulating student loan,
but I got this debt for this car, and I'm like,
every time I pay this off, the cars depreciating because
I'm driving it crazy. Then it had to get repairs.
I'm just like this, I'll put myself in a financial burden.
(10:18):
But I was happy that I did it early, right,
because most people do it late and they can't come
out of it.
Speaker 3 (10:22):
And I was like, all right, I got an option here.
Speaker 5 (10:25):
The next time I get a car, I can do
this again and replicate it, or I can get something
that I can afford.
Speaker 3 (10:30):
And obviously I didn't learn from it.
Speaker 5 (10:32):
I did it again, but I was more You know how,
we like, I could do it this time, I'll make
more money.
Speaker 3 (10:40):
But that's a mistake.
Speaker 5 (10:41):
We think as we make more money, we got to
spend more money. As you make more money, you should
actually start spending lives.
Speaker 4 (10:48):
Do you feel like now, because you know we look
at you for advice, people call you for advice. You
have a whole career on giving people advice. You got
to book the podcast. Do you feel the pressure.
Speaker 1 (10:57):
Of not making the financial mistakes?
Speaker 3 (11:01):
I think people enjoy that.
Speaker 5 (11:02):
I think they enjoy watching us do and they can
learn from us.
Speaker 3 (11:07):
So like in the book, like we talk about our story,
our story as we're.
Speaker 5 (11:11):
Growing as young men and men, but they've watched every
piece of this journey for us, and so they see
a lot of commonalities. Right, So when I make that
mistake with the car, guess what you're gonna learn from that.
Speaker 3 (11:20):
You're not going to do that.
Speaker 5 (11:21):
When my family makes a mistake about getting an adjustble
rate mortgage, right, you're going to realize that wait, adjustable rate.
Speaker 3 (11:26):
I've heard this before.
Speaker 5 (11:27):
Let me go with the fixed rate route, right, Like
you're going to start when we're investing in the stock market.
Speaker 3 (11:33):
Here's what we're looking at.
Speaker 5 (11:34):
Prior to that, you may not even heard of the
stock market or how to trade, and you're like, wait,
I'm going to learn from the mistakes that they're doing.
So there's a process in it that, yes, it's inspirational,
but it's also the educational process that like, hope that
that so hopefully you don't have to go through that.
It's kind of like that.
Speaker 2 (11:47):
I think it's more pressure out to let yourself down. Really,
I think that's what you was asking. Like as far
as like it's like.
Speaker 1 (11:52):
Now that people know you for this, you know, you
build the thing. Now it's like you.
Speaker 2 (11:56):
Know what I mean.
Speaker 1 (11:56):
It's different when you don't. People don't know really what
you know what I mean and you're coming up. But
it's another thing when like, oh, you're an expert.
Speaker 2 (12:03):
Like I said, it's not even that. It's you gotta
do two things in life. You gotta make money and
then you got don't be stupid and blow the money.
If you could do those two things, you'll be okay.
So we're making money now, we don't want to be
stupid and blow money that's embarrassing to yourself, Like you
know what I mean, Like nobody wants to be a
person that actually it's almost impossible to reach the level
(12:24):
of success that we was able to reach, just we
didn't come from athletics or sports or in the industry.
So it's a blessing. Like we're tremendously blessed. So it
would be very unfortunate situation if we make bad decisions
and start blowing money and then it's like damn, like
that's that's a stupid thing to do. So that's what
(12:44):
I always here in the back of my mind, like
just don't don't do anythings stupid. Don't do anythings stupid
because at the end of the day, there's no guarantee
that you could ever do it again. You might be
able to do it again, some people have second runs.
But don't don't do anything stupid because once you go
back to the bottom, nobody's gonna have sympathy for you.
So you really got to like think twice about everything
that you do, every decision that you make, because you
start to get paranoid after a while, because it's like, damn,
(13:07):
it's good to have money, but now you start to
think about what happens if I lose the money. That's
a bad feeling. Not even feeling that feeling, but it's
still a bad feeling, the actually thinking about that feeling.
Speaker 1 (13:16):
Yeah, this's a thing too.
Speaker 4 (13:17):
I remember Oprah talking about, like for years, years, years,
she always had the she was always afraid to go broke.
Speaker 2 (13:23):
She was like.
Speaker 4 (13:24):
Already multi hundred millions of dollars, but she still had
that like trauma, that fear. It took her to be
like damn near a billionaire for her to like be like,
oh wait, I'm okay, Yeah, I think I'm gonna.
Speaker 5 (13:33):
Say anything happened, anything happened, anything can happen.
Speaker 1 (13:38):
But also, once you've been broke and you're not broke,
you don't want to go broke. You don't want to
go back.
Speaker 2 (13:43):
That's a bad feeling.
Speaker 3 (13:45):
I'll keep you on, keep you up, definitely give you up.
Speaker 4 (13:49):
What is the number one a lesson in this book?
If you have to pick one thing, I'm sure there's plenty.
Speaker 2 (13:53):
But like, well, I think the title you Deserve to
Be Rich down we talk about like stocks, real estate, crypto,
we talk about all that stuff, but just the mindset
of getting people to believe that they're worthy of actually
being wealthy. That's that's important. That's underrated. A lot of
times most people don't actually even think that they are
worthy of financial freedom. You don't think that like you
(14:15):
kind of have what we call realistic expectations for your life.
Realistic is a very dangerous word in the English language.
So it's getting everyday people to actually think that it's
attainable and that they deserve it. Like, because if you don't,
if you don't think that, no matter what you learn,
you're still gonna self savatage, you're not gonna fully go
into it. Can be like, oh no, I'm gonna do
(14:36):
this next week because psychologically you're just thinking that this
it's not even real for me, Like why am I
gonna go through all of this process and start investing
and clean on my credit? Like it's not necessarily I
just have fun.
Speaker 3 (14:48):
Yeah that's.
Speaker 2 (14:51):
But that's that's most people's train of thought.
Speaker 5 (14:53):
Yeah, yeah, I think I mean definitely the title, but
inside of it is that you know, a lot of
times we grow up now realizing that finances for us right,
and financial education is not for us, and so we
want to combat that right. We want to put something
in a language that just understandable for not just our community,
but all communities, because we do deserve it, right, Like
I always talk about this, this first.
Speaker 3 (15:14):
Line of the book is the American dream is a lie.
It's true, right, because.
Speaker 5 (15:18):
The American dream is not monolithic, right, Like we're not
starting at the same space, right, But if we have
tools and we have resources, and we have a guide,
we can all obtain these things. And so I want
people to realize that it's for them, right. The trauma
chapter is always important to me because it's like, in
order to us to get ahead, we got to know
where we started from.
Speaker 4 (15:37):
Who's the book for, Like I'm sure it's for everybody,
but like when you're making and who you talking to.
Speaker 2 (15:42):
Everyone audience, but really people that's trying to figure out
the situation, like people that just graduated from college, people
that just graduate from high school, single mom out there
working two jobs, somebody that's incarcerated. You know those type
of people, because those are the people that champion on
your leader from the beginning, left out of the conversation,
like of course you know we have CEOs to listen
(16:03):
to us in millionaires, but you know, people kind of
was left out of CNBC wasn't talking to everybody. Wall
Street Journal wasn't talking to everybody. So I think that
that's what kind of carved our niche is that we
spoke a language, we looked, we dressed, and we related barbershop,
hil salon, people like that, you know, just everyday people
that's just trying to take it to the next level.
And I feel like that's the majority of people, right, Like,
(16:25):
the majority of people are still trying to figure it out.
You can be making one hundred thousands still trying to
figure it out. You can make a hundred and fifty
thousand trying to figure out. You can make fifty thousands
trying to figure it out. So we speak to that.
We speak to the people that's been left out of
the conversation, the people that's trying to be rich. The
good thing about getting rich you only got to do
it one time.
Speaker 1 (16:41):
They feel lucky. Well, unless you lose it all, unless you'd.
Speaker 3 (16:50):
Put the.
Speaker 2 (16:52):
But just think about that, right, It's the quickest way
to get rich, oh Man, invest invest, invest money in.
The quickest way to get rich is to live below
your means and invest the difference. Invest in the stock market.
Long term.
Speaker 3 (17:06):
I guess that would make it I mean.
Speaker 1 (17:07):
Long term makes it not quick.
Speaker 2 (17:09):
True, but that's my definition the quickest way to keep
Let me reframe that the quick at fraid to get rich,
to start a business. America is built for entrepreneurs. This
this is this is how I mean, that's our blueprint.
So the quickest way is to start a business, live
below your means and invest the difference. It's a one
two three process. That's the quickest way to get rich.
Speaker 5 (17:27):
Yeah, and if you live if you study the people
who are wealthy, literally, that's what they've done.
Speaker 3 (17:32):
Right.
Speaker 5 (17:32):
If you look at the wealthiest people in the world,
they've started a business. Where it's Eli Musk with Tesla,
Jeff Bezos with Amazon. They started a business, They worked
in that business, they owned shares in that business.
Speaker 3 (17:42):
When became publicly traded.
Speaker 5 (17:43):
As people started buying more shays of that, their wealth
has accumulated.
Speaker 4 (17:46):
Right.
Speaker 3 (17:46):
We watched a man grows two hundred billion dollars in
six weeks. Six weeks.
Speaker 5 (17:51):
He didn't sell more cars, right, people just believe in
his business. So he created a business. The other thing
is people own land. Right, So if you look at
what Bill Gates has done, he's a lot are just
farm owner land of uh farm land owner in America?
Why is he doing that? Well, he knows that that's
something that they can't replicate. Right, you can't get any
more of that, So study the habits are the wealthy
(18:12):
and then you can start all, right, well, I can
take that from if they're buying shares, they're creating a business,
he's buying land. These are habits that I can do
on an everyday basis. Here's how you do it.
Speaker 2 (18:21):
You gotta avoid the traps of poverty. That's important. That's important,
which is what not not have kids, divorces, kids that
(18:41):
there's a lot of things that put you in a
in a pathway for poverty. You gotta try to avoid
that or at least minimize minimize it, right, think about.
Speaker 3 (18:50):
That you're gonna get going down the list kids with us.
Speaker 2 (18:53):
There's a variety of different things.
Speaker 1 (18:54):
Jewelry, damn marriage.
Speaker 2 (18:56):
Marriage, home could be a bad home. Home put you
on pover if you don't have the proper education. Some
people think, like a lot of people think that they're
doing the right thing by buying a house, but a
house could be a bad investment.
Speaker 4 (19:08):
Property taxes, nobody think you can't maintain it, and you
can't any anything could go wrong if you put everything
in the house.
Speaker 3 (19:17):
True, most people do when we get money. It's the
first thing we do. We're gonna buy a house. We're
gonna buy a mama house.
Speaker 5 (19:22):
But that's that's in the book as well. So like
there's characters that we could file out throughout the book.
But there's a chapter where it's like what do you
do with your first million? So we're watching people, right,
There was a study that more African Americans are investing
in the stock market, the open brokerage accounts. So people
are getting wealth. But what happens when you get well?
Like when you get there, who teaches you? Who's your
mentor right?
Speaker 3 (19:42):
How do they know?
Speaker 5 (19:43):
Like we look at all the people that we looked
up to in music and entertainment, all of them are
really first generation, so like they're going to make mistakes
along this way. So who we're supposed to look to?
And so for those people, it was like, all right,
here's a guy. Because we've interviewed billionaires, we interview people
withou and people who are just starting their businesses. There's
a lot of knowledge that the people at this level
(20:05):
have that the people at the top don't. Right, they
had a talent, but they don't really understand money, and
so if they have tools, now it's like, hey, I
want to sit down with any ofthisha. I gotta get
with these guys. They know what they have never even
thought about investing the stock market. Like we always talking about,
you have to make your money, make money. It's cool
to get it. We got to keep it, we got
to preserve it. We got to make sure that it's
sustainable for the next generation, so that this first generation
(20:28):
gets passed down, because we've seen that in other communities,
just hasn't happened in ours yet.
Speaker 4 (20:32):
What do you think is happening in this city right now?
I've just been hearing like all types of conspiracy theory.
They're trying to push everybody out. There is like Billionaire's
Row up the block where a lot of the apartments
are empty because of all these apartments are being sold
for this crazy.
Speaker 1 (20:48):
Or they're being made.
Speaker 4 (20:48):
You know, they're building all these super high expensive.
Speaker 2 (20:52):
I mean, New York City is the home of the
most billionaires in the world.
Speaker 3 (20:55):
That's a fact.
Speaker 2 (20:56):
So at the end of the day, it's the money
it's a capital capitalism, So what do you think. I mean,
the city is driven by money, so of course that
that's that's gonna be the top priority is the people
that's actually making the money. But the thing about capitalism
is that it's like a scale you need, you need
a level of poverty to support capitalistic society. So there's
always gonna be people at the bottom. That's the harsh
(21:17):
reality of life. There's never gonna be a you euphouri
your society where everybody's rich. It's actually done by design,
so there is going to always be a bottom class.
That's why it's important to educate yourself so you don't
stay in a permanent bottom class. But New York City
is designed like that if you really think about it,
look at the housing projects like it's it's designed to
have a bottom class and it's designed to have extremely
(21:40):
wealthy side. But there's no middleburbs. The middle class. The
middle class was was always there was never really a
middle class. That was something that was kind of a
you know, an idea that was pitched. It's a it's
a fantasy, and in this city or in general in general,
I think it's it's the have to have not.
Speaker 5 (22:02):
I think at a certain point they thought that there
could be a middle class, right, even like when we're
talking about the housing projects, who they were designed for, right,
it was the military veterans for the most part, right
until other demographics moved into those areas, and then they decided,
all right, well, we can't live here anymore. We don't
want to live with those people. So then they start
living outside the city. Right, city, you can get boroughs
like outside of the Queens and get Long Island in Westchester,
(22:25):
and then that kind of becomes like that's what the
middle class is. Until everybody's like, hey, there's an opportunity
for us to have home ownership, and this is like
that trauma. Then you know, you realize that, hey, I
can't get approved for a home because of who I want,
the color of my skin. Like historically it's been like
that until we fight that, right, Like we're resilient and
to the point where it's like I don't I don't
care what you say. We're going to get to this neighborhood,
(22:46):
we're going to get better schools, we're going to get
all this better lifestyle.
Speaker 3 (22:50):
Every time that happens, the.
Speaker 5 (22:52):
Barrier gets moved, right, and so like that middle class
now when you look at it present day, I'm with them.
Speaker 2 (23:00):
With all Right, here's the truth. The middle class is
designed from the banks. It's a banking product to feel
like you. But you still broke. You might live in
a suburb, but you still broke. You don't have any money.
You're not like you you're wealthy. You still live in
paycheck to paycheck. You just live in a house, but
you brought a five hundred thousand dollars house that you're
going to end up paying a million dollars for. So
who's the real winner. You work in every single day,
(23:22):
you might take one vacation a year. They make They
sold you the dream that that's that's the goal. That's
the middle class. The only person that's winning that situation
is a bank. That's it. If anything happened, you're gonna
lose that home. So yeah, you're not on a certain
level of poverty, but you're working just to pay bills.
That's it. So that's why the idea the middle classes
(23:43):
was never it was never designed for people to be successful.
It's only rich and it's poor. That's it.
Speaker 4 (23:47):
I think you just depressed me a little bit, Nat,
because rich.
Speaker 1 (23:55):
We all deserve to be rich.
Speaker 4 (23:58):
What about gambling as that is like sports gambling specifically,
because I've been seeing this real thing from rappers. A
little baby just lost what like eight million dollars in
one day. Did that break your heart? Because it breaks
my heart, hurts me inside. I see Drake doing all
these big money, these big gambles, and even like my
(24:18):
son's friends, they're like betting on sports.
Speaker 2 (24:21):
The lottery was a poor tax, That's what that's that's
what it was designed for. You ever see lottery billboards
in rich neighborhoods. Rich people don't play the lottery. They
invest the money in stocks. So my grandmother in the
Bronx like, she played the lottery every single week her
whole entire life. She probably won maybe one or twice
a couple thousand dollars, but probably spend hundreds of thousand dollars.
(24:43):
This is this is the habits of uneducated people. So
it just changes over the course of time.
Speaker 1 (24:48):
So do you never gamble?
Speaker 2 (24:49):
I don't. I don't believe in gambling. For me, you too.
Speaker 5 (24:52):
I used to do sports betting and now and then
I stopped. I just loved sports, but I never was
a gambler, right, Like I've watched people all it's just
not a habit that I have.
Speaker 3 (25:02):
I think that's what kind of makes us like I do.
Speaker 4 (25:05):
I come from a family with some gambling issues and trouble,
so I gamble, but I only gamble for recreation. So like,
if I'm gonna spend, oh I'm gonna go out and
spend five hundred dollars for a fun on Saturday, then
that's what I will gamble. I will gamble whatever I'm
willing to spend to have a good time.
Speaker 2 (25:22):
Everything in moderation. But the unfortunate thing is our communities
are always unproportionately we don't do moderation. So, yeah, it's
cool to have a drink of champagne and wine, but
I know a lot of alcoholics. That's that's You don't
see the amount of liquor stores in rich neighborhoods. They
still drink, but they don't have to have the liquor
(25:43):
store in every single neighborhood. That's important that they have
those liquor stores in poor neighborhoods because they know that
we're gonna disproportionately kill ourselfs alcohol. It's the same thing
with drugs. It's the same thing with gambling. It's a problem,
and it's a serious problem because now, especially with sports gambling,
everybody's everybody's promoting it. So now everybody's promoting and everybody's
putting all their money into it, and most people are losing.
(26:05):
So before you know it, you're going to you can
become addicted to gambling. It ruins families, you can actually
go to jail for it. So it's something that's very dangerous.
But when you don't look at something that's dangerous, that's
the most dangerous thing. When you don't look at something
like no, I'm not I'm I'm just having a couple
of drinks. Before you know it, you're an alcoholic. And
you don't look at yourself as alcoholic because you're still
(26:27):
functioning on a certain level. But no, you have a problem.
So it's the same thing with gambling, and that's something
that's very, very, very dangerous. It's targeted to black, brown
communities at an unproportionate level. You can see every every
commercial you got a rapper or a black podcast, a champion,
and that's not that's not done by design, that's not
done by access, done by design. While we target we
have the lowest amount of income in America. If we're
(26:50):
on one percent, if we only one percent of the
wealth in America, while we targeted seventy percent of gambling,
it doesn't make any sense. You would think that the
people have the most wealth would be targeted the most
because they have the most discussion that income, while you're
targeting the poor. That's why they call it a poor tax,
because it's an additional amount of money that poor people
pay because they're they're playing off of your emotions to say, Okay,
if you hit it big, then you're gonna win.
Speaker 3 (27:11):
And it goes back to that there, what's the quickest
way to get rich?
Speaker 1 (27:14):
Yeah, right, it's also the quickest way to go broke.
Speaker 5 (27:18):
Right, By the way, the thing is like we've seen
that habit over and over right, like in our families,
but we still like it's the fastest way.
Speaker 4 (27:25):
There's also a thing about like all the money that's
being made and gambling and the proportion to how much
how many black and brown people are benefiting or have
investments or interest in like casinos or owning and things like.
Speaker 2 (27:39):
That, and there's nothing, there's no, there's no That's why
I said, like, what culture do we have when all
the record it was we don't own it. We don't
own the hip hop festivals, we don't own the gambling companies.
They'll let you promote it, but you don't have any
ownership in it. They'll put a celebrities face on it
that will own five percent just to kind of make
it famous, but we don't. We don't have any real
equity own the situation benefit when.
Speaker 3 (27:59):
We talk about the city and when they're trying to
be in considers here.
Speaker 1 (28:02):
I know has been.
Speaker 2 (28:05):
Like Floyd Floyd part.
Speaker 5 (28:07):
Ownership in a group right to bring it here. But
again that's not like I'm looking at it like why
can't they just all just do it together right?
Speaker 3 (28:15):
But we don't.
Speaker 5 (28:16):
We got to get to that point like we deserve
it and we deserve to work with each other to
do it right.
Speaker 3 (28:20):
It may not be gambling that there could there could
have been other businesses that we could have. Real estate.
We know that this is the capital of capitalism.
Speaker 5 (28:27):
When you talk about the real estate marketing and I'm
sure people watch Netflix and they see selling us these
people one hundred million dollar homes and fifty million dollar condos.
We should be in part of the development that's building
these buildings that actually can benefit from it. Other than hey,
let's do it in alcohol, Let's do it the entertainment.
Let's do it in gambling, like we deserve all that.
Speaker 2 (28:44):
You want to see the same things. Liquor, weed and gambling,
cannabis companies, liquor brands, and online gambling. That's what you're
going to see.
Speaker 1 (28:55):
Bird again, you've depressed it. Is there any good news
in any of this?
Speaker 3 (29:03):
The good news is that there is a new blueprint
to help you change that.
Speaker 1 (29:07):
Lind bring it back around with.
Speaker 5 (29:11):
I'm telling you for you, like we get we've been
doing any allegiance in twenty nineteen. Every day we probably
get posed with a question of how to do something,
how to do something, which is great, and so we
wanted to put a manifesto together so that even if
you don't see us and running to us, the questions
can be answered. So you don't have to go to
another piece of literature anymore. We don't have to keep
talking about the guy who made rich dad poor dad.
Speaker 3 (29:33):
And I know everybody's right that no disrespect to him.
Speaker 5 (29:35):
I read it too, But like this is the new
manuscript for the community.
Speaker 3 (29:40):
I love that to be rich.
Speaker 1 (29:41):
I have a speed round of questions. Do it for you, experts?
Speaker 4 (29:44):
This is a rapper fire finance, hey ready.
Speaker 6 (29:51):
Crypto or flipping houses, crypto stocks or art sucks.
Speaker 1 (30:02):
I'm not gonna ring the bell every time. It's gonna
be annoying. Car lease or own.
Speaker 3 (30:08):
Lease.
Speaker 2 (30:10):
It depends on the car, but at least most of the.
Speaker 1 (30:12):
Time, mostly it depends all right, tell him quick?
Speaker 2 (30:15):
Why so like a g wagon, for instance, it holds
its value, so it's actually more beneficial to buy a
g wagon and to lease it. But most cars appreciate
a very high rate, so it's more beneficial to lease it.
Speaker 3 (30:26):
Why I thought you're gonna get me a chance to.
Speaker 2 (30:28):
Get said.
Speaker 1 (30:31):
Whole mortgage or rent?
Speaker 3 (30:34):
That is really case by case.
Speaker 5 (30:37):
So a lot of people who are wealthy will rent
because they don't want to have to deal with the
burden of owning homes.
Speaker 3 (30:43):
Property tax bills, all that stuff.
Speaker 5 (30:45):
So case by case, I agree what he said said
ten million up front or one million for life.
Speaker 3 (30:57):
I'll take the ten mill.
Speaker 1 (31:00):
The fuck is going on on there? God damn showing.
Speaker 2 (31:04):
Here ten mi one mile of life is like, but
I take ten miil because.
Speaker 1 (31:09):
Who knows how long you're gonna live. Let's be honest,
you can flip.
Speaker 3 (31:12):
I know what we're gonna do with the ten million?
Speaker 4 (31:14):
Yeah, not good for that's probably not a good answer
for everybody.
Speaker 1 (31:17):
But if you know what to do with the money, yeah, yeah,
if you have the book, you have the book, ten
million in front.
Speaker 5 (31:25):
Ten million up front. Right, we can put that ten
million in the market, the S and P. Right, let's
put it in an index. Right, that's gonna net seven percent.
You almost have to one mil already.
Speaker 1 (31:34):
What's the better I know the answer to this. What's
a better flex? Owning a private jet or having zero debt?
Speaker 3 (31:41):
I'll take this.
Speaker 2 (31:42):
Debt owning a private jet. I mean, what were you
talking about? A lot of people have zero jet.
Speaker 3 (31:48):
I guess you know what.
Speaker 2 (31:49):
A lot of people have private jets. It's a bigger
flex for sure.
Speaker 4 (31:53):
Gold bars or bitcoin stacks, bigcoin, bigcoin for sure. Luxury
watch collection or diversify stock portfolio.
Speaker 2 (32:01):
Stocks, that's good.
Speaker 4 (32:03):
Yeah, start a biziness, start a business or get a job.
Speaker 3 (32:08):
Start a business. I've done both. It's start a business.
Speaker 2 (32:13):
But it's not wrong with jobs.
Speaker 3 (32:14):
Shout out that everybody has a job. They're high paying jobs.
Speaker 1 (32:21):
That's a fact, and not every not every business.
Speaker 2 (32:23):
People that fact.
Speaker 5 (32:25):
People know Tim Cook. He doesn't own Apple. He works
for Apple. That is his job.
Speaker 3 (32:29):
He makes one hundred and forty seven million dollars a year, save.
Speaker 4 (32:34):
Ten percent of income or invest ten percent in personal development.
Speaker 3 (32:42):
H this is a ten percent.
Speaker 2 (32:45):
The personal development is important. That's important. Yeah, it's important.
Speaker 1 (32:52):
This is supposed to be a speed around, guys, speed development.
Speaker 5 (32:54):
I'll go the opposite there just because just to keep
it spicy, keep it spicy, and.
Speaker 4 (33:01):
Last, but at least uh dinner with hoove or one
million dollars.
Speaker 2 (33:06):
I thought it was five hundred thous inflation inflation.
Speaker 3 (33:10):
I'm going I'm having the dinner over a million.
Speaker 1 (33:13):
Five hundred thousand is one thing. One million.
Speaker 2 (33:16):
You had me five hundred million. I gotta take the million, shout,
I gotta take that mil take Yeah, I'm.
Speaker 3 (33:21):
Still going to take the dinner.
Speaker 1 (33:22):
You still take the dinner.
Speaker 3 (33:23):
Yeah, I mean the best.
Speaker 5 (33:25):
If do I have money in my and my present
my presencelf a million is different or.
Speaker 4 (33:29):
Like I got no money as your present self, my
present self.
Speaker 5 (33:32):
I'll take the dinner, take the dinner, and hopefull probably
say take take the million.
Speaker 3 (33:39):
Take the money, like two words, should have took the money.
His influence has gotten so strong on me that.
Speaker 5 (33:48):
I have to have the conversation about like how he's
inspired pretty much all of this.
Speaker 1 (33:52):
All right, but what if the dinner's only like an
hour and a half long?
Speaker 3 (33:55):
What are you going to present?
Speaker 4 (33:56):
Mean?
Speaker 5 (33:56):
Like, I'm okay, I'll be all right, you're taking the money?
My advisor would tell me to take the money? Is
different to five hundred thousand? Would you would take the contemplate?
Speaker 3 (34:10):
I'll consult with my financial advisors. That's my answer.
Speaker 1 (34:15):
There. It is well done, guys, well time. Do you
believe that everything has a price?
Speaker 2 (34:19):
Yes?
Speaker 1 (34:21):
Because that also could be a fun game. How much
I used to play this game with my girlfriend?
Speaker 2 (34:25):
How much to everything? Whatever?
Speaker 1 (34:28):
Crazy question?
Speaker 4 (34:31):
Then people be like no for no money, and I'd
be like, what about fifty million?
Speaker 1 (34:34):
They'd be like, damn, I would do it.
Speaker 2 (34:36):
Crazy like this everything smoke crack for any amount of money.
Speaker 1 (34:40):
Though, you wouldn't all right, listen money how much? Listen right?
If I said to you one time this this pipe right.
Speaker 2 (34:51):
One time, it might be a lifelong I might be
you know what I'm saying, what's the amount there is
no amount.
Speaker 1 (34:57):
Twenty million dollars ax free.
Speaker 2 (35:01):
Hit this pipe one because what's on the other side
of that might be.
Speaker 1 (35:05):
No, that's it. There's no conversation. That's the deal.
Speaker 4 (35:07):
Twenty million tax free, under the table or hit this
hit this pipe one time.
Speaker 2 (35:13):
I can't. I can't do it. No pipe for you,
no pipe, no you.
Speaker 3 (35:17):
I'm a consul on my fun.
Speaker 1 (35:21):
By the way, this is a fun party game. Guys.
You take the wildest things and you put.
Speaker 4 (35:25):
The money on it, and you will learn a lot
about the people at the table.
Speaker 3 (35:28):
How much crack is it is a little crack.
Speaker 1 (35:33):
By the way.
Speaker 4 (35:34):
Don't do crack anybody.
Speaker 1 (35:39):
But do get this book.
Speaker 4 (35:40):
You deserve to be rich. We all deserve to be rich. Congratulations, guys.
Speaker 3 (35:44):
I appreciate you always and both done.
Speaker 1 (35:47):
I can't wait to read it. Thank you. What time
are you? Leasium shot Troy to five point one.
Let's be the freestyle.
Speaker 2 (00:11):
Let's do it.
Speaker 1 (00:12):
I know one of y'all got a freestyle.
Speaker 3 (00:18):
I know I don't want to do it.
Speaker 2 (00:21):
I don't.
Speaker 3 (00:22):
Every time they tell me freestyle, I just start spitting ja.
Speaker 1 (00:24):
Fine shot de Troya. Here are your leisure.
Speaker 4 (00:31):
Authors, podcasters, financial literacy, glorus.
Speaker 1 (00:36):
What else are you?
Speaker 3 (00:36):
I mean those are the titles?
Speaker 1 (00:38):
Right, what else you got? Give me the other title?
Speaker 2 (00:42):
Father?
Speaker 1 (00:43):
Fathers, husband?
Speaker 3 (00:45):
Yes, yes, what are you?
Speaker 4 (00:48):
You're not a father or husband on the streets.
Speaker 3 (00:53):
Definitely problem in the streets. Servants, humble servants, but.
Speaker 4 (00:59):
Really right now, authors, that's why we're here today. Congratulations,
this is super dope.
Speaker 3 (01:03):
Thank you so much, Thank you so much.
Speaker 1 (01:05):
It is I know what it is to do a book.
It's like a long haul effort, the process.
Speaker 2 (01:12):
That's our first one to Yeah, that's even That's what
I mean. It's first, kid.
Speaker 1 (01:15):
You can't slap it together. It takes a long time.
Speaker 4 (01:18):
Did you do a audiobook yet we read it?
Speaker 1 (01:22):
You didn't read it? So hours and hours to do that?
Speaker 5 (01:25):
Yeah, somebody you read that over? Hey say that with
a little bit more feeling. Hey there's a period there.
So yeah, man, it's like you're back in school again.
Speaker 1 (01:33):
We're gonna talk about this book today.
Speaker 4 (01:34):
We're gonna talk about some of the gems and the
jewels to share them with folks. We're gonna talk about
what else we're gonna talk about today. Podcast is doing well,
The show.
Speaker 1 (01:44):
Is did you do these events? The events are going well? Right.
Speaker 5 (01:51):
Thank you for his fifth rendition which is five already
five August. You know, we've taken over the city Atlanta
four years in a row, so we're gonna run it
back one more year.
Speaker 3 (02:00):
So yeah, we're excited about that.
Speaker 1 (02:01):
I love that for you. What's your what's your vibes?
Right now? Today?
Speaker 4 (02:06):
And there's a lot of weird shit going on in
the world. We were talking about this yesterday briefly, but
like there's a lot of weirdness going on in the world.
Speaker 1 (02:11):
Are you affected? Are you like, oh, business as usual?
Let me go, Like, how do you respond?
Speaker 2 (02:16):
It's always something I feel like, it's always something happening, unfortunately,
but the show must go on, you know, definitely, you know,
always thinking about the less fortunate though, and people that
are suffering, and it seems like, you know, that's always
the case overseas. Domestically, it's always something and social media.
(02:36):
Now you get to see it twenty four hours a day.
Like before, you might watch it on the news if
you watch the news or you watched read the newspaper.
But now it's like as soon as you score on,
you're going to see something that's really heartbreaking.
Speaker 1 (02:50):
Also for the most part breaking, and then put the
heartbreaking song on top of it. It's like the trauma
porn on social media.
Speaker 4 (02:56):
Yeah. But the crazy thing is, I was telling the
room earlier. Television that lets me see local news in
different places. So I'm watching the local news in Los
Angeles all day today, boy, and watching on the ground
what people are going through right now.
Speaker 1 (03:12):
Is really also traumatized.
Speaker 2 (03:14):
Or anything like that. I mean, La gets fires all
the time, but.
Speaker 1 (03:17):
Not this is different.
Speaker 5 (03:19):
They had the statistic again on social media. In nineteen
eighty five, the amount of money that the state of
California spent on wildfires was like fourteen million. Fast forward
to twenty twenty five. This looks like this is going
to be hundreds of billions.
Speaker 2 (03:33):
Fifty billion.
Speaker 5 (03:34):
It's not enough, and that won't be and it's not
over yet, right like so we don't even know it's
it's horrific, but something's happening, right, whether it's if you
don't believe in climate change, something's happening that's causing us
to be more and more occurt more and more.
Speaker 1 (03:48):
Do you believe in climate change?
Speaker 3 (03:50):
I believe yeah. I mean I know something is showing
you right, like hello, the.
Speaker 5 (03:56):
Winters, the summers, I mean, the ocean temperature, like all
those things that just not happened about coincidents.
Speaker 1 (04:02):
I just saw this story too, and I was thinking
about you, guys.
Speaker 4 (04:04):
I was like, I wonder what you know about this,
But I know that a lot of like fire insurance
like on people's home has been canceled as recently.
Speaker 2 (04:12):
They just posted that a lot of homes in the
Palisades area, which is one of the areas affected by
the fires, they canceled the fire insurance companies canceled their
fire insurance like three months ago.
Speaker 1 (04:24):
What is that about.
Speaker 2 (04:26):
It's just like a lot of places that have floods
right there, Like it's like if it becomes too much
of a risk for the insurance company and like we're
not going to insurance anymore. Because insurance companies make money,
so they have to have not a lot of claims
for them to make money off of the premium. But
if it's more claims than the premiums that they collected,
then it's not in their best interest to insure it anymore.
(04:48):
So there is some some level of I think state
insurance still, but yeah, a lot of homeowners don't have
insurance and their home burned down. So now they got
to try to figure it out. They're gonna have to
go through FEMA and go through the state. You know,
that's gonna be ass whenever the government gets involved. So yeah,
it's an unfortunate situation, but it is a learning experience
as well.
Speaker 1 (05:06):
What is the lesson?
Speaker 2 (05:07):
Make sure that you got insurance, make sure where you're
moving is you always want to move to these these
like even coastal areas in Florida. But it's like, okay,
if a hurricane happens, what happens? Are you on the water.
It's a beautiful view, but you're talking about, you know,
climate change. They're saying that, you know, in fifty years,
South Beach is not going to be there anymore, Like
how we know it? So is it worth it? Maybe? Maybe,
(05:29):
maybe not. You just gotta take that into consideration. That's
why even areas like in Miami, it's interested in inland,
like Little Haiti is actually becoming more and more valuable
because now the place the places that was inland that
were not valuable because they was inland, is actually valuable
now because that's like one of the only areas in
Miami that's actually on high ground. Wow and not below water.
Speaker 1 (05:52):
Wow.
Speaker 4 (05:52):
What about I feel like one of those people that
insurance was canceled and you have to like rebuild, Like
even financially, what does that look like for people?
Speaker 1 (06:01):
How do you even begin?
Speaker 5 (06:02):
I mean a lot of the I mean it's difficult, right,
Like from what we've been seeing, it's affluent areas, but
like that cost like I'm building a house right now,
Like the amount of money that goes into that, the
amount of I mean, you've lost everything. Most of these
people have lost all they belonging memories. They have their lives,
which is the most important thing. But that rebuild process
number one is an emotional tool, right Like I was
(06:23):
watching people on news going back to seeing what they
were just in their house five hours ago and now
is going the emotional The financial burden is just if
you don't have a reserve, right. Some people don't write
like they've built this home and this is it. I
put all my money into this. Now what right? You
don't have insurance? So what do you do? Do you
do you have somebody to lean on? Do you have
(06:43):
a place you can now go? These are those questions
like having a plan before you make any type of
purchase important, But like you know, it's a timely lesson.
It's an unfortunate lesson as.
Speaker 4 (06:55):
Well, super unfortunate God bless man. I thought to prayers
of course everybody, everybody out there, and with that, and
then if you know, for what you guys are good
at in terms of the bread, like recovery and that,
like when somebody's down, take the fires out of it.
People having hard times out here in other ways, like
people are going broke in many.
Speaker 1 (07:16):
Ways, Like how do you what is the first.
Speaker 4 (07:18):
Step in rebuilding if you've lost everything? Is that one
of your lessons in here?
Speaker 1 (07:22):
It should be? If not for sure, okay, like.
Speaker 2 (07:24):
Looking at your situation, paying off debt, managing your I mean,
you gotta be honest. Sometimes you gotta have a sit
down with yourself and have an honest conversation with yourself.
Like you try to run from it and you're spending
more money than you make, You're putting stuff on credit cards,
You're still going out every night, You're still going to
the clubs, and that is actually running from your reality.
Sometimes you gotta realize like them, like I'm messed up.
(07:46):
I can't afford to go out right now. I gotta
sit down for six months. I gotta sit down for
a year. I gotta cut back this Christmas. We're not
doing Christmas like. You gotta have some some real conversations
with yourself, and unfortunately a lot of people don't have
those conversations. It's easy to mask that kind of financial
trauma or to just fig it like you know what
I mean, act like you know you okay, but you're
(08:08):
really not. So it's the same thing with any type
of even like you're going through a breakup, psychological trauma.
It's the same thing. People mass there their insecurities and
masks what they're going through. But ultimately that's just going
to keep you deeper and deeper in the whole. So
we talk about that for sure, like facing your financial trauma,
looking yourself in the mirror, like making hard decisions, you know,
paying off your credit card. It's not like just the
(08:28):
one quick thing where you become a millionaire overnight. It's
going to take discipline, But I feel like it just
depends on what's more important to you. If staying where
you at is okay, then you're going to stay where
you at. But if you really want to go places
in life, then you got to make sacrifices, make some changes.
Speaker 1 (08:44):
Have you ever had to do that? Either one of you, like,
have that talk with yourself.
Speaker 3 (08:49):
Of course, what did you cut?
Speaker 1 (08:50):
What did you do? What did you have to do?
Speaker 3 (08:53):
I made it a few times.
Speaker 5 (08:54):
I remember I purchased a car and I was just
like you, of course.
Speaker 3 (09:01):
I'm just making you know, you gotta.
Speaker 1 (09:02):
Get Do you have a whole kick on it?
Speaker 3 (09:06):
I didn't. They had just changed the voice. It was
dove out.
Speaker 5 (09:09):
You know, growing up fresh as it was, you just
dream of having this BMW and I was like, yeah,
this is great, and I was trying to make this team.
It was just like, you know I could afford this,
or I thought I could, just because I wanted to show, like,
you know, I got a job, I got a career.
Speaker 1 (09:28):
Now this is why you're like already earn your leisure.
Speaker 3 (09:30):
Like you gotta make some mistakes.
Speaker 4 (09:33):
But I'm saying, were you making mistakes as.
Speaker 5 (09:35):
No, no, this is this is like this is a
younger version of myself and quickly realized like, hey, you
can't afford this, but you do the guard. I didn't
sell the car, which is the ironic thing. I tried
to figure out more ways to make money, which was helpful, Right,
I'm going to do over time. When I was working
in the school, I started doing after school programs, or
(09:57):
I'll take another job on the weekend. And so I
just try to figure out more ways to make money,
not realizing like, hey, this is more debt coming because
I'm going to school. I know I'm accumulating student loan,
but I got this debt for this car, and I'm like,
every time I pay this off, the cars depreciating because
I'm driving it crazy. Then it had to get repairs.
I'm just like this, I'll put myself in a financial burden.
(10:18):
But I was happy that I did it early, right,
because most people do it late and they can't come
out of it.
Speaker 3 (10:22):
And I was like, all right, I got an option here.
Speaker 5 (10:25):
The next time I get a car, I can do
this again and replicate it, or I can get something
that I can afford.
Speaker 3 (10:30):
And obviously I didn't learn from it.
Speaker 5 (10:32):
I did it again, but I was more You know how,
we like, I could do it this time, I'll make
more money.
Speaker 3 (10:40):
But that's a mistake.
Speaker 5 (10:41):
We think as we make more money, we got to
spend more money. As you make more money, you should
actually start spending lives.
Speaker 4 (10:48):
Do you feel like now, because you know we look
at you for advice, people call you for advice. You
have a whole career on giving people advice. You got
to book the podcast. Do you feel the pressure.
Speaker 1 (10:57):
Of not making the financial mistakes?
Speaker 3 (11:01):
I think people enjoy that.
Speaker 5 (11:02):
I think they enjoy watching us do and they can
learn from us.
Speaker 3 (11:07):
So like in the book, like we talk about our story,
our story as we're.
Speaker 5 (11:11):
Growing as young men and men, but they've watched every
piece of this journey for us, and so they see
a lot of commonalities. Right, So when I make that
mistake with the car, guess what you're gonna learn from that.
Speaker 3 (11:20):
You're not going to do that.
Speaker 5 (11:21):
When my family makes a mistake about getting an adjustble
rate mortgage, right, you're going to realize that wait, adjustable rate.
Speaker 3 (11:26):
I've heard this before.
Speaker 5 (11:27):
Let me go with the fixed rate route, right, Like
you're going to start when we're investing in the stock market.
Speaker 3 (11:33):
Here's what we're looking at.
Speaker 5 (11:34):
Prior to that, you may not even heard of the
stock market or how to trade, and you're like, wait,
I'm going to learn from the mistakes that they're doing.
So there's a process in it that, yes, it's inspirational,
but it's also the educational process that like, hope that
that so hopefully you don't have to go through that.
It's kind of like that.
Speaker 2 (11:47):
I think it's more pressure out to let yourself down. Really,
I think that's what you was asking. Like as far
as like it's like.
Speaker 1 (11:52):
Now that people know you for this, you know, you
build the thing. Now it's like you.
Speaker 2 (11:56):
Know what I mean.
Speaker 1 (11:56):
It's different when you don't. People don't know really what
you know what I mean and you're coming up. But
it's another thing when like, oh, you're an expert.
Speaker 2 (12:03):
Like I said, it's not even that. It's you gotta
do two things in life. You gotta make money and
then you got don't be stupid and blow the money.
If you could do those two things, you'll be okay.
So we're making money now, we don't want to be
stupid and blow money that's embarrassing to yourself, Like you
know what I mean, Like nobody wants to be a
person that actually it's almost impossible to reach the level
(12:24):
of success that we was able to reach, just we
didn't come from athletics or sports or in the industry.
So it's a blessing. Like we're tremendously blessed. So it
would be very unfortunate situation if we make bad decisions
and start blowing money and then it's like damn, like
that's that's a stupid thing to do. So that's what
(12:44):
I always here in the back of my mind, like
just don't don't do anythings stupid. Don't do anythings stupid
because at the end of the day, there's no guarantee
that you could ever do it again. You might be
able to do it again, some people have second runs.
But don't don't do anything stupid because once you go
back to the bottom, nobody's gonna have sympathy for you.
So you really got to like think twice about everything
that you do, every decision that you make, because you
start to get paranoid after a while, because it's like, damn,
(13:07):
it's good to have money, but now you start to
think about what happens if I lose the money. That's
a bad feeling. Not even feeling that feeling, but it's
still a bad feeling, the actually thinking about that feeling.
Speaker 1 (13:16):
Yeah, this's a thing too.
Speaker 4 (13:17):
I remember Oprah talking about, like for years, years, years,
she always had the she was always afraid to go broke.
Speaker 2 (13:23):
She was like.
Speaker 4 (13:24):
Already multi hundred millions of dollars, but she still had
that like trauma, that fear. It took her to be
like damn near a billionaire for her to like be like,
oh wait, I'm okay, Yeah, I think I'm gonna.
Speaker 5 (13:33):
Say anything happened, anything happened, anything can happen.
Speaker 1 (13:38):
But also, once you've been broke and you're not broke,
you don't want to go broke. You don't want to
go back.
Speaker 2 (13:43):
That's a bad feeling.
Speaker 3 (13:45):
I'll keep you on, keep you up, definitely give you up.
Speaker 4 (13:49):
What is the number one a lesson in this book?
If you have to pick one thing, I'm sure there's plenty.
Speaker 2 (13:53):
But like, well, I think the title you Deserve to
Be Rich down we talk about like stocks, real estate, crypto,
we talk about all that stuff, but just the mindset
of getting people to believe that they're worthy of actually
being wealthy. That's that's important. That's underrated. A lot of
times most people don't actually even think that they are
worthy of financial freedom. You don't think that like you
(14:15):
kind of have what we call realistic expectations for your life.
Realistic is a very dangerous word in the English language.
So it's getting everyday people to actually think that it's
attainable and that they deserve it. Like, because if you don't,
if you don't think that, no matter what you learn,
you're still gonna self savatage, you're not gonna fully go
into it. Can be like, oh no, I'm gonna do
(14:36):
this next week because psychologically you're just thinking that this
it's not even real for me, Like why am I
gonna go through all of this process and start investing
and clean on my credit? Like it's not necessarily I
just have fun.
Speaker 3 (14:48):
Yeah that's.
Speaker 2 (14:51):
But that's that's most people's train of thought.
Speaker 5 (14:53):
Yeah, yeah, I think I mean definitely the title, but
inside of it is that you know, a lot of
times we grow up now realizing that finances for us right,
and financial education is not for us, and so we
want to combat that right. We want to put something
in a language that just understandable for not just our community,
but all communities, because we do deserve it, right, Like
I always talk about this, this first.
Speaker 3 (15:14):
Line of the book is the American dream is a lie.
It's true, right, because.
Speaker 5 (15:18):
The American dream is not monolithic, right, Like we're not
starting at the same space, right, But if we have
tools and we have resources, and we have a guide,
we can all obtain these things. And so I want
people to realize that it's for them, right. The trauma
chapter is always important to me because it's like, in
order to us to get ahead, we got to know
where we started from.
Speaker 4 (15:37):
Who's the book for, Like I'm sure it's for everybody,
but like when you're making and who you talking to.
Speaker 2 (15:42):
Everyone audience, but really people that's trying to figure out
the situation, like people that just graduated from college, people
that just graduate from high school, single mom out there
working two jobs, somebody that's incarcerated. You know those type
of people, because those are the people that champion on
your leader from the beginning, left out of the conversation,
like of course you know we have CEOs to listen
(16:03):
to us in millionaires, but you know, people kind of
was left out of CNBC wasn't talking to everybody. Wall
Street Journal wasn't talking to everybody. So I think that
that's what kind of carved our niche is that we
spoke a language, we looked, we dressed, and we related barbershop,
hil salon, people like that, you know, just everyday people
that's just trying to take it to the next level.
And I feel like that's the majority of people, right, Like,
(16:25):
the majority of people are still trying to figure it out.
You can be making one hundred thousands still trying to
figure it out. You can make a hundred and fifty
thousand trying to figure out. You can make fifty thousands
trying to figure it out. So we speak to that.
We speak to the people that's been left out of
the conversation, the people that's trying to be rich. The
good thing about getting rich you only got to do
it one time.
Speaker 1 (16:41):
They feel lucky. Well, unless you lose it all, unless you'd.
Speaker 3 (16:50):
Put the.
Speaker 2 (16:52):
But just think about that, right, It's the quickest way
to get rich, oh Man, invest invest, invest money in.
The quickest way to get rich is to live below
your means and invest the difference. Invest in the stock market.
Long term.
Speaker 3 (17:06):
I guess that would make it I mean.
Speaker 1 (17:07):
Long term makes it not quick.
Speaker 2 (17:09):
True, but that's my definition the quickest way to keep
Let me reframe that the quick at fraid to get rich,
to start a business. America is built for entrepreneurs. This
this is this is how I mean, that's our blueprint.
So the quickest way is to start a business, live
below your means and invest the difference. It's a one
two three process. That's the quickest way to get rich.
Speaker 5 (17:27):
Yeah, and if you live if you study the people
who are wealthy, literally, that's what they've done.
Speaker 3 (17:32):
Right.
Speaker 5 (17:32):
If you look at the wealthiest people in the world,
they've started a business. Where it's Eli Musk with Tesla,
Jeff Bezos with Amazon. They started a business, They worked
in that business, they owned shares in that business.
Speaker 3 (17:42):
When became publicly traded.
Speaker 5 (17:43):
As people started buying more shays of that, their wealth
has accumulated.
Speaker 4 (17:46):
Right.
Speaker 3 (17:46):
We watched a man grows two hundred billion dollars in
six weeks. Six weeks.
Speaker 5 (17:51):
He didn't sell more cars, right, people just believe in
his business. So he created a business. The other thing
is people own land. Right, So if you look at
what Bill Gates has done, he's a lot are just
farm owner land of uh farm land owner in America?
Why is he doing that? Well, he knows that that's
something that they can't replicate. Right, you can't get any
more of that, So study the habits are the wealthy
(18:12):
and then you can start all, right, well, I can
take that from if they're buying shares, they're creating a business,
he's buying land. These are habits that I can do
on an everyday basis. Here's how you do it.
Speaker 2 (18:21):
You gotta avoid the traps of poverty. That's important. That's important,
which is what not not have kids, divorces, kids that
(18:41):
there's a lot of things that put you in a
in a pathway for poverty. You gotta try to avoid
that or at least minimize minimize it, right, think about.
Speaker 3 (18:50):
That you're gonna get going down the list kids with us.
Speaker 2 (18:53):
There's a variety of different things.
Speaker 1 (18:54):
Jewelry, damn marriage.
Speaker 2 (18:56):
Marriage, home could be a bad home. Home put you
on pover if you don't have the proper education. Some
people think, like a lot of people think that they're
doing the right thing by buying a house, but a
house could be a bad investment.
Speaker 4 (19:08):
Property taxes, nobody think you can't maintain it, and you
can't any anything could go wrong if you put everything
in the house.
Speaker 3 (19:17):
True, most people do when we get money. It's the
first thing we do. We're gonna buy a house. We're
gonna buy a mama house.
Speaker 5 (19:22):
But that's that's in the book as well. So like
there's characters that we could file out throughout the book.
But there's a chapter where it's like what do you
do with your first million? So we're watching people, right,
There was a study that more African Americans are investing
in the stock market, the open brokerage accounts. So people
are getting wealth. But what happens when you get well?
Like when you get there, who teaches you? Who's your
mentor right?
Speaker 3 (19:42):
How do they know?
Speaker 5 (19:43):
Like we look at all the people that we looked
up to in music and entertainment, all of them are
really first generation, so like they're going to make mistakes
along this way. So who we're supposed to look to?
And so for those people, it was like, all right,
here's a guy. Because we've interviewed billionaires, we interview people
withou and people who are just starting their businesses. There's
a lot of knowledge that the people at this level
(20:05):
have that the people at the top don't. Right, they
had a talent, but they don't really understand money, and
so if they have tools, now it's like, hey, I
want to sit down with any ofthisha. I gotta get
with these guys. They know what they have never even
thought about investing the stock market. Like we always talking about,
you have to make your money, make money. It's cool
to get it. We got to keep it, we got
to preserve it. We got to make sure that it's
sustainable for the next generation, so that this first generation
(20:28):
gets passed down, because we've seen that in other communities,
just hasn't happened in ours yet.
Speaker 4 (20:32):
What do you think is happening in this city right now?
I've just been hearing like all types of conspiracy theory.
They're trying to push everybody out. There is like Billionaire's
Row up the block where a lot of the apartments
are empty because of all these apartments are being sold
for this crazy.
Speaker 1 (20:48):
Or they're being made.
Speaker 4 (20:48):
You know, they're building all these super high expensive.
Speaker 2 (20:52):
I mean, New York City is the home of the
most billionaires in the world.
Speaker 3 (20:55):
That's a fact.
Speaker 2 (20:56):
So at the end of the day, it's the money
it's a capital capitalism, So what do you think. I mean,
the city is driven by money, so of course that
that's that's gonna be the top priority is the people
that's actually making the money. But the thing about capitalism
is that it's like a scale you need, you need
a level of poverty to support capitalistic society. So there's
always gonna be people at the bottom. That's the harsh
(21:17):
reality of life. There's never gonna be a you euphouri
your society where everybody's rich. It's actually done by design,
so there is going to always be a bottom class.
That's why it's important to educate yourself so you don't
stay in a permanent bottom class. But New York City
is designed like that if you really think about it,
look at the housing projects like it's it's designed to
have a bottom class and it's designed to have extremely
(21:40):
wealthy side. But there's no middleburbs. The middle class. The
middle class was was always there was never really a
middle class. That was something that was kind of a
you know, an idea that was pitched. It's a it's
a fantasy, and in this city or in general in general,
I think it's it's the have to have not.
Speaker 5 (22:02):
I think at a certain point they thought that there
could be a middle class, right, even like when we're
talking about the housing projects, who they were designed for, right,
it was the military veterans for the most part, right
until other demographics moved into those areas, and then they decided,
all right, well, we can't live here anymore. We don't
want to live with those people. So then they start
living outside the city. Right, city, you can get boroughs
like outside of the Queens and get Long Island in Westchester,
(22:25):
and then that kind of becomes like that's what the
middle class is. Until everybody's like, hey, there's an opportunity
for us to have home ownership, and this is like
that trauma. Then you know, you realize that, hey, I
can't get approved for a home because of who I want,
the color of my skin. Like historically it's been like
that until we fight that, right, Like we're resilient and
to the point where it's like I don't I don't
care what you say. We're going to get to this neighborhood,
(22:46):
we're going to get better schools, we're going to get
all this better lifestyle.
Speaker 3 (22:50):
Every time that happens, the.
Speaker 5 (22:52):
Barrier gets moved, right, and so like that middle class
now when you look at it present day, I'm with them.
Speaker 2 (23:00):
With all Right, here's the truth. The middle class is
designed from the banks. It's a banking product to feel
like you. But you still broke. You might live in
a suburb, but you still broke. You don't have any money.
You're not like you you're wealthy. You still live in
paycheck to paycheck. You just live in a house, but
you brought a five hundred thousand dollars house that you're
going to end up paying a million dollars for. So
who's the real winner. You work in every single day,
(23:22):
you might take one vacation a year. They make They
sold you the dream that that's that's the goal. That's
the middle class. The only person that's winning that situation
is a bank. That's it. If anything happened, you're gonna
lose that home. So yeah, you're not on a certain
level of poverty, but you're working just to pay bills.
That's it. So that's why the idea the middle classes
(23:43):
was never it was never designed for people to be successful.
It's only rich and it's poor. That's it.
Speaker 4 (23:47):
I think you just depressed me a little bit, Nat,
because rich.
Speaker 1 (23:55):
We all deserve to be rich.
Speaker 4 (23:58):
What about gambling as that is like sports gambling specifically,
because I've been seeing this real thing from rappers. A
little baby just lost what like eight million dollars in
one day. Did that break your heart? Because it breaks
my heart, hurts me inside. I see Drake doing all
these big money, these big gambles, and even like my
(24:18):
son's friends, they're like betting on sports.
Speaker 2 (24:21):
The lottery was a poor tax, That's what that's that's
what it was designed for. You ever see lottery billboards
in rich neighborhoods. Rich people don't play the lottery. They
invest the money in stocks. So my grandmother in the
Bronx like, she played the lottery every single week her
whole entire life. She probably won maybe one or twice
a couple thousand dollars, but probably spend hundreds of thousand dollars.
(24:43):
This is this is the habits of uneducated people. So
it just changes over the course of time.
Speaker 1 (24:48):
So do you never gamble?
Speaker 2 (24:49):
I don't. I don't believe in gambling. For me, you too.
Speaker 5 (24:52):
I used to do sports betting and now and then
I stopped. I just loved sports, but I never was
a gambler, right, Like I've watched people all it's just
not a habit that I have.
Speaker 3 (25:02):
I think that's what kind of makes us like I do.
Speaker 4 (25:05):
I come from a family with some gambling issues and trouble,
so I gamble, but I only gamble for recreation. So like,
if I'm gonna spend, oh I'm gonna go out and
spend five hundred dollars for a fun on Saturday, then
that's what I will gamble. I will gamble whatever I'm
willing to spend to have a good time.
Speaker 2 (25:22):
Everything in moderation. But the unfortunate thing is our communities
are always unproportionately we don't do moderation. So, yeah, it's
cool to have a drink of champagne and wine, but
I know a lot of alcoholics. That's that's You don't
see the amount of liquor stores in rich neighborhoods. They
still drink, but they don't have to have the liquor
(25:43):
store in every single neighborhood. That's important that they have
those liquor stores in poor neighborhoods because they know that
we're gonna disproportionately kill ourselfs alcohol. It's the same thing
with drugs. It's the same thing with gambling. It's a problem,
and it's a serious problem because now, especially with sports gambling,
everybody's everybody's promoting it. So now everybody's promoting and everybody's
putting all their money into it, and most people are losing.
(26:05):
So before you know it, you're going to you can
become addicted to gambling. It ruins families, you can actually
go to jail for it. So it's something that's very dangerous.
But when you don't look at something that's dangerous, that's
the most dangerous thing. When you don't look at something
like no, I'm not I'm I'm just having a couple
of drinks. Before you know it, you're an alcoholic. And
you don't look at yourself as alcoholic because you're still
(26:27):
functioning on a certain level. But no, you have a problem.
So it's the same thing with gambling, and that's something
that's very, very, very dangerous. It's targeted to black, brown
communities at an unproportionate level. You can see every every
commercial you got a rapper or a black podcast, a champion,
and that's not that's not done by design, that's not
done by access, done by design. While we target we
have the lowest amount of income in America. If we're
(26:50):
on one percent, if we only one percent of the
wealth in America, while we targeted seventy percent of gambling,
it doesn't make any sense. You would think that the
people have the most wealth would be targeted the most
because they have the most discussion that income, while you're
targeting the poor. That's why they call it a poor tax,
because it's an additional amount of money that poor people
pay because they're they're playing off of your emotions to say, Okay,
if you hit it big, then you're gonna win.
Speaker 3 (27:11):
And it goes back to that there, what's the quickest
way to get rich?
Speaker 1 (27:14):
Yeah, right, it's also the quickest way to go broke.
Speaker 5 (27:18):
Right, By the way, the thing is like we've seen
that habit over and over right, like in our families,
but we still like it's the fastest way.
Speaker 4 (27:25):
There's also a thing about like all the money that's
being made and gambling and the proportion to how much
how many black and brown people are benefiting or have
investments or interest in like casinos or owning and things like.
Speaker 2 (27:39):
That, and there's nothing, there's no, there's no That's why
I said, like, what culture do we have when all
the record it was we don't own it. We don't
own the hip hop festivals, we don't own the gambling companies.
They'll let you promote it, but you don't have any
ownership in it. They'll put a celebrities face on it
that will own five percent just to kind of make
it famous, but we don't. We don't have any real
equity own the situation benefit when.
Speaker 3 (27:59):
We talk about the city and when they're trying to
be in considers here.
Speaker 1 (28:02):
I know has been.
Speaker 2 (28:05):
Like Floyd Floyd part.
Speaker 5 (28:07):
Ownership in a group right to bring it here. But
again that's not like I'm looking at it like why
can't they just all just do it together right?
Speaker 3 (28:15):
But we don't.
Speaker 5 (28:16):
We got to get to that point like we deserve
it and we deserve to work with each other to
do it right.
Speaker 3 (28:20):
It may not be gambling that there could there could
have been other businesses that we could have. Real estate.
We know that this is the capital of capitalism.
Speaker 5 (28:27):
When you talk about the real estate marketing and I'm
sure people watch Netflix and they see selling us these
people one hundred million dollar homes and fifty million dollar condos.
We should be in part of the development that's building
these buildings that actually can benefit from it. Other than hey,
let's do it in alcohol, Let's do it the entertainment.
Let's do it in gambling, like we deserve all that.
Speaker 2 (28:44):
You want to see the same things. Liquor, weed and gambling,
cannabis companies, liquor brands, and online gambling. That's what you're
going to see.
Speaker 1 (28:55):
Bird again, you've depressed it. Is there any good news
in any of this?
Speaker 3 (29:03):
The good news is that there is a new blueprint
to help you change that.
Speaker 1 (29:07):
Lind bring it back around with.
Speaker 5 (29:11):
I'm telling you for you, like we get we've been
doing any allegiance in twenty nineteen. Every day we probably
get posed with a question of how to do something,
how to do something, which is great, and so we
wanted to put a manifesto together so that even if
you don't see us and running to us, the questions
can be answered. So you don't have to go to
another piece of literature anymore. We don't have to keep
talking about the guy who made rich dad poor dad.
Speaker 3 (29:33):
And I know everybody's right that no disrespect to him.
Speaker 5 (29:35):
I read it too, But like this is the new
manuscript for the community.
Speaker 3 (29:40):
I love that to be rich.
Speaker 1 (29:41):
I have a speed round of questions. Do it for you, experts?
Speaker 4 (29:44):
This is a rapper fire finance, hey ready.
Speaker 6 (29:51):
Crypto or flipping houses, crypto stocks or art sucks.
Speaker 1 (30:02):
I'm not gonna ring the bell every time. It's gonna
be annoying. Car lease or own.
Speaker 3 (30:08):
Lease.
Speaker 2 (30:10):
It depends on the car, but at least most of the.
Speaker 1 (30:12):
Time, mostly it depends all right, tell him quick?
Speaker 2 (30:15):
Why so like a g wagon, for instance, it holds
its value, so it's actually more beneficial to buy a
g wagon and to lease it. But most cars appreciate
a very high rate, so it's more beneficial to lease it.
Speaker 3 (30:26):
Why I thought you're gonna get me a chance to.
Speaker 2 (30:28):
Get said.
Speaker 1 (30:31):
Whole mortgage or rent?
Speaker 3 (30:34):
That is really case by case.
Speaker 5 (30:37):
So a lot of people who are wealthy will rent
because they don't want to have to deal with the
burden of owning homes.
Speaker 3 (30:43):
Property tax bills, all that stuff.
Speaker 5 (30:45):
So case by case, I agree what he said said
ten million up front or one million for life.
Speaker 3 (30:57):
I'll take the ten mill.
Speaker 1 (31:00):
The fuck is going on on there? God damn showing.
Speaker 2 (31:04):
Here ten mi one mile of life is like, but
I take ten miil because.
Speaker 1 (31:09):
Who knows how long you're gonna live. Let's be honest,
you can flip.
Speaker 3 (31:12):
I know what we're gonna do with the ten million?
Speaker 4 (31:14):
Yeah, not good for that's probably not a good answer
for everybody.
Speaker 1 (31:17):
But if you know what to do with the money, yeah, yeah,
if you have the book, you have the book, ten
million in front.
Speaker 5 (31:25):
Ten million up front. Right, we can put that ten
million in the market, the S and P. Right, let's
put it in an index. Right, that's gonna net seven percent.
You almost have to one mil already.
Speaker 1 (31:34):
What's the better I know the answer to this. What's
a better flex? Owning a private jet or having zero debt?
Speaker 3 (31:41):
I'll take this.
Speaker 2 (31:42):
Debt owning a private jet. I mean, what were you
talking about? A lot of people have zero jet.
Speaker 3 (31:48):
I guess you know what.
Speaker 2 (31:49):
A lot of people have private jets. It's a bigger
flex for sure.
Speaker 4 (31:53):
Gold bars or bitcoin stacks, bigcoin, bigcoin for sure. Luxury
watch collection or diversify stock portfolio.
Speaker 2 (32:01):
Stocks, that's good.
Speaker 4 (32:03):
Yeah, start a biziness, start a business or get a job.
Speaker 3 (32:08):
Start a business. I've done both. It's start a business.
Speaker 2 (32:13):
But it's not wrong with jobs.
Speaker 3 (32:14):
Shout out that everybody has a job. They're high paying jobs.
Speaker 1 (32:21):
That's a fact, and not every not every business.
Speaker 2 (32:23):
People that fact.
Speaker 5 (32:25):
People know Tim Cook. He doesn't own Apple. He works
for Apple. That is his job.
Speaker 3 (32:29):
He makes one hundred and forty seven million dollars a year, save.
Speaker 4 (32:34):
Ten percent of income or invest ten percent in personal development.
Speaker 3 (32:42):
H this is a ten percent.
Speaker 2 (32:45):
The personal development is important. That's important. Yeah, it's important.
Speaker 1 (32:52):
This is supposed to be a speed around, guys, speed development.
Speaker 5 (32:54):
I'll go the opposite there just because just to keep
it spicy, keep it spicy, and.
Speaker 4 (33:01):
Last, but at least uh dinner with hoove or one
million dollars.
Speaker 2 (33:06):
I thought it was five hundred thous inflation inflation.
Speaker 3 (33:10):
I'm going I'm having the dinner over a million.
Speaker 1 (33:13):
Five hundred thousand is one thing. One million.
Speaker 2 (33:16):
You had me five hundred million. I gotta take the million, shout,
I gotta take that mil take Yeah, I'm.
Speaker 3 (33:21):
Still going to take the dinner.
Speaker 1 (33:22):
You still take the dinner.
Speaker 3 (33:23):
Yeah, I mean the best.
Speaker 5 (33:25):
If do I have money in my and my present
my presencelf a million is different or.
Speaker 4 (33:29):
Like I got no money as your present self, my
present self.
Speaker 5 (33:32):
I'll take the dinner, take the dinner, and hopefull probably
say take take the million.
Speaker 3 (33:39):
Take the money, like two words, should have took the money.
His influence has gotten so strong on me that.
Speaker 5 (33:48):
I have to have the conversation about like how he's
inspired pretty much all of this.
Speaker 1 (33:52):
All right, but what if the dinner's only like an
hour and a half long?
Speaker 3 (33:55):
What are you going to present?
Speaker 4 (33:56):
Mean?
Speaker 5 (33:56):
Like, I'm okay, I'll be all right, you're taking the money?
My advisor would tell me to take the money? Is
different to five hundred thousand? Would you would take the contemplate?
Speaker 3 (34:10):
I'll consult with my financial advisors. That's my answer.
Speaker 1 (34:15):
There. It is well done, guys, well time. Do you
believe that everything has a price?
Speaker 2 (34:19):
Yes?
Speaker 1 (34:21):
Because that also could be a fun game. How much
I used to play this game with my girlfriend?
Speaker 2 (34:25):
How much to everything? Whatever?
Speaker 1 (34:28):
Crazy question?
Speaker 4 (34:31):
Then people be like no for no money, and I'd
be like, what about fifty million?
Speaker 1 (34:34):
They'd be like, damn, I would do it.
Speaker 2 (34:36):
Crazy like this everything smoke crack for any amount of money.
Speaker 1 (34:40):
Though, you wouldn't all right, listen money how much? Listen right?
If I said to you one time this this pipe right.
Speaker 2 (34:51):
One time, it might be a lifelong I might be
you know what I'm saying, what's the amount there is
no amount.
Speaker 1 (34:57):
Twenty million dollars ax free.
Speaker 2 (35:01):
Hit this pipe one because what's on the other side
of that might be.
Speaker 1 (35:05):
No, that's it. There's no conversation. That's the deal.
Speaker 4 (35:07):
Twenty million tax free, under the table or hit this
hit this pipe one time.
Speaker 2 (35:13):
I can't. I can't do it. No pipe for you,
no pipe, no you.
Speaker 3 (35:17):
I'm a consul on my fun.
Speaker 1 (35:21):
By the way, this is a fun party game. Guys.
You take the wildest things and you put.
Speaker 4 (35:25):
The money on it, and you will learn a lot
about the people at the table.
Speaker 3 (35:28):
How much crack is it is a little crack.
Speaker 1 (35:33):
By the way.
Speaker 4 (35:34):
Don't do crack anybody.
Speaker 1 (35:39):
But do get this book.
Speaker 4 (35:40):
You deserve to be rich. We all deserve to be rich. Congratulations, guys.
Speaker 3 (35:44):
I appreciate you always and both done.
Speaker 1 (35:47):
I can't wait to read it. Thank you. What time
are you? Leasium shot Troy to five point one.
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