Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
So while we're talking career, maybe this is a good
thing to talk about finances. You cants see about what
Odell Beckham said yesterday on the podcast Odell Beckham yesterday
on a podcast set the following Okay, he said it's
very hard to live off of one hundred million dollar contract.
Ok So, folks, I want us to sympathize with him.
But there's a part of it where he has a
(00:22):
very good point. Just brace for impact. You can get upset,
just light it up on the chat section. But here's
O'Dell Beckham talking about the harsh math one hundred million
dollar NFL contracts, wearing Michael Jackson shirt.
Speaker 2 (00:36):
Go ahead, Rob, If I didn't have a dollar in
my account right here today as we speak, I'm going
to be straight for the rest of my life, no question.
Speaker 3 (00:45):
Right.
Speaker 2 (00:45):
I don't think everybody is in that and when you've
sacrificed your whole life to get here. And he's like, yeah,
I played ten years in the league. And I always
explain this people like, bro, you give somebody a five year,
hundred million dollar contract, right, what is it?
Speaker 4 (00:57):
Really?
Speaker 3 (00:58):
It's five years for sixty You're getting texts? Do the math.
That's twelve a year. You know that you have to spend, use, save, save, invest,
flaun like whatever. However, just being.
Speaker 2 (01:13):
Real, I'm a buy a car, I'm get my mama house,
I'm gonna do.
Speaker 3 (01:16):
Everything costs money.
Speaker 2 (01:17):
So you if you spending four million dollars a year,
that's really forty million over five years, eight a year,
you know, and now you you start breaking down the numbers,
it's like, that's a five year span of where you're
getting eight mien can you make that last forever? And
now you always hear the people who ain't us and
ain't been in the position like.
Speaker 4 (01:38):
Oh well that was last life time.
Speaker 1 (01:40):
Okay, so he said this, then you had Shannon Sharp
responding to it. Here's what Shannon Sharp have to say.
Go ahead, if you get.
Speaker 5 (01:48):
Sixty million dollars liquid, and that can't last you a lifetime.
You got you got, you got some. You got a problem.
Do you really need ten houses? Do you really need
fifteen cars?
Speaker 6 (01:59):
No?
Speaker 4 (01:59):
Do you need do you need to.
Speaker 5 (02:01):
Buy everybody in your house, everybody in your family? Imagine
that costs a million, two million dollars. Because here's the thing, yeah, something,
first of all, if you buy somebody in your house,
your family house or a house that costs a million
to two million dollars. First of all, they can't afford
to upkeep on it, because if they could, they'd have
it already. See the ain't the payment, it's the upkeep, right,
(02:23):
it's go wrong. Bro said he's spending four million a year.
If you spending four million a year and it ain't a.
Speaker 4 (02:31):
Business related, you act your damn mind.
Speaker 5 (02:34):
Ain't nowhere in the hell. I'm spending four million a year. Okay,
you buy mama house. If I were to buy Mama house,
I'm damn thear gonna probably get her a house that
I can go ahead and pay off. So I'm gonna
spend a half a million dollars for mom because I
got to get her something that she can clean for himself,
because I can't play for a cleaning stir. Because see
that's another expense for Joe. You get a big hose,
somebody cut the grass. I don't need to let I
need somebody can come with a push and line more
(02:55):
and cut the grass.
Speaker 4 (02:57):
Expence on me. Oh Yoe flying private. Now you see
why fly spirit the past twenty.
Speaker 5 (03:02):
Years over by the way he does, I've been on av.
Speaker 4 (03:12):
Oh he said, last twenty years. Okay, who wants to
take this one? Jeff? You want this one here?
Speaker 7 (03:18):
Sure?
Speaker 8 (03:18):
I mean common sense, right, that's that's really what they're
saying is common sense. I mean, money doesn't last forever.
You make these huge contracts, it's like a windfall. There's
a reason why lottery winners end up broke because they don't.
Like we just talked about, people don't have the capabilities
to manage their own finances, nor the foresight to plan
how am I going to live for the next fifty
years off of one income stream that it's gonna end
(03:40):
at some point.
Speaker 9 (03:41):
There's just a lack of information planning.
Speaker 6 (03:43):
You know what, if you're an athlete and you got
a giant contract and you want to come down here
and you want to have coffee, I will spend two hours.
Speaker 9 (03:49):
With you for free, and I'm on the private jet.
Speaker 6 (03:52):
No, and I'm gonna I'm gonna put a bunch of
stuff down on paper, and I'm gonna say you go
copy of this, and you go share what you learn
today with everybody else, because I'm going to warn them
about the wrong kind of financial advisors. I'm going to
warn them about always paying your taxes. I'm going to
warn them about overconsumption, but enjoying the fruits of your
labor that started at high school where you were busting
your butt and there is a lot of people around
(04:13):
you that made money off you. Your high school coach
wanted to be a college coach. College coach wanted to
be a pro coach, and everybody wanted you on that
conveyor belt. And you were making money for an awful
lot of people. And now you're gifted part of the
one tenth of one percent of athletes that actually make
it to get paid in professional sports.
Speaker 4 (04:28):
And everybody laughs at these guys. What these guys are.
Speaker 6 (04:31):
Saying is that no one sat down with them. And
Shannon Sharp is saying, here's what you realize.
Speaker 4 (04:36):
He's saying.
Speaker 6 (04:37):
Just put the word realize in your head and ignore
the profanity and just listen to him. I realized, if
I bought my mom a house, I got the upkeep,
I got to pay guy with the lumbar, I got
to pay all this stuff. He wants his mom to
do that, and he wants to take care of his
mom the way she raised and took care of him.
But he's realizing, Wow, forever is a long time so
and by the way, it's a house. She can clean herself.
So he's saying, not anything too big that you have
(04:58):
maids and other things. At this is what's going on.
Nobody provides this education because nobody cares to And then
God bless them. They're on a podcast and they're talking
about this and people are laughing at them. If you
can't do that, you can no, no, no, no, no, no one.
Everybody's been living off them and now no one has
told them how to live well off themselves. And they
(05:20):
end up with agents that take advantage of them. They
end up with financial advisors that take advantage of them. Oh,
invest in this, invest in that. And they don't have members.
They need people to come alongside to say, hey, you know,
here's some tips.
Speaker 4 (05:36):
Take them back and talk to the rookies.
Speaker 6 (05:38):
Take them back with all this there are.
Speaker 4 (05:40):
In the NFL.
Speaker 6 (05:41):
The NFL does some of this, but the NFL most
of it is worried about. Do not get caught in
a strip club where they start shooting at each other.
Be careful of cleat chasers that want to get pregnant
from you. They have all the things that relate to
the face and the brand, because we're in a jersey
for a team with the brand, and that jersey with
(06:03):
the team is underneath the shield called the NFL, and
they want all that to look good. And it doesn't
look good if you get in a bar fight and
you knock out some other person or you get arrested
for you know, assault. They don't like that. The NFL
doesn't like that. So they're really good at doing all this.
The teams do some and not all teams are like this.
Some of the teams talk about financial things I've heard,
(06:24):
but not all of them. A lot of times it's
up to the players, but who's in the player's ear
and agent and stuff. So when you look at this,
you know, you can make fun of them, and you
could do all that, but you know what, now they're
having to live off their self for a whole lot
of people who's been living off them, and they need
education and they need help so that they can do
good things with their money, support their family, but make
(06:47):
it all the way because having a tragedy at the
end where you have a broke athlete, with all the
stuff going on, they've got personal responsibility. But I think
that's a tragedy because whereas the people that could have
been alongside and mentoring them, not in interested in their
money and just helping them get set for the future.
Speaker 7 (07:04):
You see that documentary called Broke that talks about this,
and it's it's like eighty percent of them end up
going bankrupt within a couple of years after. Yep, yeah,
I mean, but yeah, you're totally right. It's like just
the way that inflation is. Like there's an.
Speaker 1 (07:15):
Old documentary it is Mark Ripping in it. I mean,
if you know Mark Ripping, folks, you're you're over forty
for sure, but keep going, you were saying brand.
Speaker 7 (07:27):
Yeah, No, I just don't say that if they had
like a quick financial rundown or as there's not a
booming industry around, like a financial management for athletes, because
it's like a unique position where you have a quick
five to ten year window to make a lot of money.
Then you're never going to be able to make money
off that skill again. But just the way that inflations
set up, it's kind of perfect for them because if
you like invest half that into anything, basically that's an
asset rather than like just money sitting in the bank.
(07:48):
You know, you're going to do well over thirty years
with the way that the government devalues are money. So
you know, like if you put in property, you put
in like the stock market, you put in I need
like limited asset, and that it's going to do well. But
you know, they don't know. That's obviously for twenty year
old kids who you know, came from poverty that are
sudden they have one hundred million dollars.
Speaker 1 (08:05):
By the way, I don't know if it was Mark Rippin,
can you check Mark? It could have been who was
the Cleveland Brown's quarterback that was a decent quarterback, Bernie Sorry, Yeah,
that's Douary Bernie colsar Is on that documentary, I believe.
Speaker 9 (08:18):
Yeah, you know what part of the problem is there's expectations.
Speaker 8 (08:22):
People have expectations and they're they're oftentimes unreasonable. This is
not just about athletes. This is normal people too. They
start making a little bit of money and their expectation
is that it removes all constraints. Yeah, like you make
a lot of money, you think I can do whatever
I want Now. I can have a private jet, I
can live in eighteen different houses, I can.
Speaker 4 (08:38):
Go around You want to help you do that?
Speaker 8 (08:40):
Exactly for for a fee, right, And so yeah, you
have to realize expectations are number one, you don't remove constraints,
you raise the ceiling a little bit. But number two,
you're going to attract people like Thomas saying we're in
the business of being in your business. So expectations are
just not calibrated correctly. And again, this is not just
a problem for athletes.
Speaker 9 (08:59):
It's lack of information. That's the theme of the show.
Speaker 1 (09:02):
For It's interesting you say at two points, I want
to make on that I got am an act the
other day from a lady who her husband passed away,
and she got seven and a half million dollars, give
or take, and he had a good amount of insurance policy.
Speaker 4 (09:14):
And it's like, hey, what do I do with this? Now?
Speaker 1 (09:17):
You know, you're kind of like, well, you know, I'm
a seven and a half million dollar person. No you're not.
I said, you're a three hundred thousand dollars a year person.
What does that mean if you put that seven and
a half at four percent at some place. If you
are getting four percent, and come on at every year,
you're making roughly three hundred thousand dollars per year, right,
give or take whatever the numbers. I think it is
exactly three hundred thousand dollars. I said, don't judge the
(09:40):
amount of money you have in a bank if you
don't have an income. What he says in the Odell
Beckham he says, sixty million. If all of a sudden
the contract is done and you're no longer playing, who
the hell is going to pay you one hundred million
dollars over five years if your name isn't Tom Brady
or Troy Aikman or who's the other Dallas Cowboys of
fun nomenal commentator to the quarterback Romo phenomenal? Right there,
(10:02):
they're saying he may be one of the best ones.
But you know, I was with Antoine Walker about ten
years ago, twenty fifteen. We're in Chicago. We're having a
cigar together at the cigar bar, and it's me and
him and Matt Sopollam. Very nice guy. He was a
very good NBA player, and his career earnings he made
(10:23):
one hundred and eight million dollars in his career. You
know what his network is today? Give her take. I
don't know what it is, Robbie, he can pull it up.
But he was talking about openly. I think he teamed
up with Morgan Stanley, Dean wood Or to coach the
younger kids of what it's like to have, you know, money, right,
they're two hundred fifty thousand dollars on the next one
round Celebrity Network. Two hundred and fifty thousand dollars. It's
(10:45):
pretty wild. You got paid one hundred and eight million dollars,
he said something. He's you know what the biggest challenge was,
He said, when the money was coming in. One day,
I'm playing blackjack with Jordan because they're both from Chicago, Chicago, Chicago,
so you know, Jordan Chicago's in Chicago playing blackjack, and
he says, I'm watching Michael play million dollar hands or
a hundred thousand dollars hands, whatever story he was saying.
(11:05):
He says, I thought I can afford to do that,
and then I.
Speaker 4 (11:08):
Realized I can't.
Speaker 1 (11:10):
So sometimes is partying with a guy who has real
money and you think you have real money. You don't
have that kind of money, but you want to seem
like you can hang with that guy, and you can't.
Don't be tempted to do that. That's the story on
twin Walker was talking about and by the way, that
documentary you talking about broke, I think Andre Risen was
(11:32):
in it. Bernie Cozar is definitely in it. A few
other guys that were in it who talk about that
as well. Jamal Mashburn, who actually did pretty good for
himself later on, ended up becoming a businessman.
Speaker 4 (11:45):
We spoke once.
Speaker 1 (11:46):
Jamal was a great Did he play for Kentucky at
one point Jamal Mashburn was he a Kentucky guy? Tom
and then he came out I don't remember he played
for the MAVs. He used to average like twenty twenty
four points a game. Mashburn was actually lights out. Yeah
he Kentucky. Yeah he was Kentucky. So anyways, I saw
that story with Odell Beckham kind of made me think
(12:06):
about what some people are going through financially. I know
some people may laugh and say, well one hundred million dollars.
That applies to people making one hundred thousand dollars, a
million dollars.
Speaker 4 (12:16):
Two fifty a year, eighty a year.
Speaker 1 (12:19):
All of that habits you create applies no matter what
kind of money you're making. New Year's is around the corner,
twenty twenty six is going to be here, like this
and for us, we had our off site meeting yesterday
at Ritz for Lauda, which I'll tell you later on.
But every year before we get into a new year,
we have a long strategy session. Yesterday started at seven thirty,
we ended at eight forty five. The best meeting ever.
(12:42):
We've never had a meeting where this many strategies was
shared and the plans of what we're doing going into
twenty twenty six with all our nine business units. But
the question is for you going into twenty twenty six,
how ready you are a lot of people asking and said, hey,
how did this whole thing get started? This whole YouTube thing.
Was it accident? So was it intentional? Was there a
strategy behind it? I want you to watch this video
(13:03):
and then you'll see what I'm talking about in regards
to December twelfth, Go ahead, Rob So On twenty thirteen
we started a YouTube channel called Value Team and in
the first year Valuetimin got one hundred and sixty seven
thousand views.
Speaker 4 (13:15):
That's it, and we were ecstatic.
Speaker 1 (13:17):
The next ten years total we got four hundred and
ninety one million views in ten years. You know how
many we got last year a billion views? You know
how many we got last quarter, last quarter alone all
social media and our YouTube channels combined. YouTube is seven
hundred million, social is nine hundred million combine, nearly one
(13:38):
point six billion just last quarter. Why because every single
year we would plan for the following year, and I
would watch everybody as well. You know, I don't need
this every year, we would pay to see how we
can make our YouTube channel tighter, data stats, all of that.
If you're watching this, you said, man, I want to
be able to plan for next year as well.
Speaker 4 (13:59):
Fantastic.
Speaker 1 (14:00):
December twelfth, I do an event every year called a
Business Planning Workshop. If you haven't yet registered, click on
a link below Get registered. I'm going to share with
your numbers what we're going to be doing, and you'll
be able to apply it for your business plan as well.
Speaker 4 (14:13):
I'll look forward to seeing you there. There you go.
Everything comes down to a plan.
Speaker 1 (14:16):
If you haven't yet registered December twelfth, go to the
link below Get registered. Let's spend an entire day together.
People from around the world are going to be on.
There's going to be tens of thousands of people on.
Companies are sitting and watching the whole thing with their
employees and their sales team.
Speaker 4 (14:30):
Go to BPW dot bid David.
Speaker 1 (14:33):
Consulting dot com to register, or click on the link below.
If you enjoy this video, you want to watch more
videos like this, click here, and if you want to
watch the entire podcast, click here,
So while we're talking career, maybe this is a good
thing to talk about finances. You cants see about what
Odell Beckham said yesterday on the podcast Odell Beckham yesterday
on a podcast set the following Okay, he said it's
very hard to live off of one hundred million dollar contract.
Ok So, folks, I want us to sympathize with him.
But there's a part of it where he has a
(00:22):
very good point. Just brace for impact. You can get upset,
just light it up on the chat section. But here's
O'Dell Beckham talking about the harsh math one hundred million
dollar NFL contracts, wearing Michael Jackson shirt.
Speaker 2 (00:36):
Go ahead, Rob, If I didn't have a dollar in
my account right here today as we speak, I'm going
to be straight for the rest of my life, no question.
Speaker 3 (00:45):
Right.
Speaker 2 (00:45):
I don't think everybody is in that and when you've
sacrificed your whole life to get here. And he's like, yeah,
I played ten years in the league. And I always
explain this people like, bro, you give somebody a five year,
hundred million dollar contract, right, what is it?
Speaker 4 (00:57):
Really?
Speaker 3 (00:58):
It's five years for sixty You're getting texts? Do the math.
That's twelve a year. You know that you have to spend, use, save, save, invest,
flaun like whatever. However, just being.
Speaker 2 (01:13):
Real, I'm a buy a car, I'm get my mama house,
I'm gonna do.
Speaker 3 (01:16):
Everything costs money.
Speaker 2 (01:17):
So you if you spending four million dollars a year,
that's really forty million over five years, eight a year,
you know, and now you you start breaking down the numbers,
it's like, that's a five year span of where you're
getting eight mien can you make that last forever? And
now you always hear the people who ain't us and
ain't been in the position like.
Speaker 4 (01:38):
Oh well that was last life time.
Speaker 1 (01:40):
Okay, so he said this, then you had Shannon Sharp
responding to it. Here's what Shannon Sharp have to say.
Go ahead, if you get.
Speaker 5 (01:48):
Sixty million dollars liquid, and that can't last you a lifetime.
You got you got, you got some. You got a problem.
Do you really need ten houses? Do you really need
fifteen cars?
Speaker 6 (01:59):
No?
Speaker 4 (01:59):
Do you need do you need to.
Speaker 5 (02:01):
Buy everybody in your house, everybody in your family? Imagine
that costs a million, two million dollars. Because here's the thing, yeah, something,
first of all, if you buy somebody in your house,
your family house or a house that costs a million
to two million dollars. First of all, they can't afford
to upkeep on it, because if they could, they'd have
it already. See the ain't the payment, it's the upkeep, right,
(02:23):
it's go wrong. Bro said he's spending four million a year.
If you spending four million a year and it ain't a.
Speaker 4 (02:31):
Business related, you act your damn mind.
Speaker 5 (02:34):
Ain't nowhere in the hell. I'm spending four million a year. Okay,
you buy mama house. If I were to buy Mama house,
I'm damn thear gonna probably get her a house that
I can go ahead and pay off. So I'm gonna
spend a half a million dollars for mom because I
got to get her something that she can clean for himself,
because I can't play for a cleaning stir. Because see
that's another expense for Joe. You get a big hose,
somebody cut the grass. I don't need to let I
need somebody can come with a push and line more
(02:55):
and cut the grass.
Speaker 4 (02:57):
Expence on me. Oh Yoe flying private. Now you see
why fly spirit the past twenty.
Speaker 5 (03:02):
Years over by the way he does, I've been on av.
Speaker 4 (03:12):
Oh he said, last twenty years. Okay, who wants to
take this one? Jeff? You want this one here?
Speaker 7 (03:18):
Sure?
Speaker 8 (03:18):
I mean common sense, right, that's that's really what they're
saying is common sense. I mean, money doesn't last forever.
You make these huge contracts, it's like a windfall. There's
a reason why lottery winners end up broke because they don't.
Like we just talked about, people don't have the capabilities
to manage their own finances, nor the foresight to plan
how am I going to live for the next fifty
years off of one income stream that it's gonna end
(03:40):
at some point.
Speaker 9 (03:41):
There's just a lack of information planning.
Speaker 6 (03:43):
You know what, if you're an athlete and you got
a giant contract and you want to come down here
and you want to have coffee, I will spend two hours.
Speaker 9 (03:49):
With you for free, and I'm on the private jet.
Speaker 6 (03:52):
No, and I'm gonna I'm gonna put a bunch of
stuff down on paper, and I'm gonna say you go
copy of this, and you go share what you learn
today with everybody else, because I'm going to warn them
about the wrong kind of financial advisors. I'm going to
warn them about always paying your taxes. I'm going to
warn them about overconsumption, but enjoying the fruits of your
labor that started at high school where you were busting
your butt and there is a lot of people around
(04:13):
you that made money off you. Your high school coach
wanted to be a college coach. College coach wanted to
be a pro coach, and everybody wanted you on that
conveyor belt. And you were making money for an awful
lot of people. And now you're gifted part of the
one tenth of one percent of athletes that actually make
it to get paid in professional sports.
Speaker 4 (04:28):
And everybody laughs at these guys. What these guys are.
Speaker 6 (04:31):
Saying is that no one sat down with them. And
Shannon Sharp is saying, here's what you realize.
Speaker 4 (04:36):
He's saying.
Speaker 6 (04:37):
Just put the word realize in your head and ignore
the profanity and just listen to him. I realized, if
I bought my mom a house, I got the upkeep,
I got to pay guy with the lumbar, I got
to pay all this stuff. He wants his mom to
do that, and he wants to take care of his
mom the way she raised and took care of him.
But he's realizing, Wow, forever is a long time so
and by the way, it's a house. She can clean herself.
So he's saying, not anything too big that you have
(04:58):
maids and other things. At this is what's going on.
Nobody provides this education because nobody cares to And then
God bless them. They're on a podcast and they're talking
about this and people are laughing at them. If you
can't do that, you can no, no, no, no, no, no one.
Everybody's been living off them and now no one has
told them how to live well off themselves. And they
(05:20):
end up with agents that take advantage of them. They
end up with financial advisors that take advantage of them. Oh,
invest in this, invest in that. And they don't have members.
They need people to come alongside to say, hey, you know,
here's some tips.
Speaker 4 (05:36):
Take them back and talk to the rookies.
Speaker 6 (05:38):
Take them back with all this there are.
Speaker 4 (05:40):
In the NFL.
Speaker 6 (05:41):
The NFL does some of this, but the NFL most
of it is worried about. Do not get caught in
a strip club where they start shooting at each other.
Be careful of cleat chasers that want to get pregnant
from you. They have all the things that relate to
the face and the brand, because we're in a jersey
for a team with the brand, and that jersey with
(06:03):
the team is underneath the shield called the NFL, and
they want all that to look good. And it doesn't
look good if you get in a bar fight and
you knock out some other person or you get arrested
for you know, assault. They don't like that. The NFL
doesn't like that. So they're really good at doing all this.
The teams do some and not all teams are like this.
Some of the teams talk about financial things I've heard,
(06:24):
but not all of them. A lot of times it's
up to the players, but who's in the player's ear
and agent and stuff. So when you look at this,
you know, you can make fun of them, and you
could do all that, but you know what, now they're
having to live off their self for a whole lot
of people who's been living off them, and they need
education and they need help so that they can do
good things with their money, support their family, but make
(06:47):
it all the way because having a tragedy at the
end where you have a broke athlete, with all the
stuff going on, they've got personal responsibility. But I think
that's a tragedy because whereas the people that could have
been alongside and mentoring them, not in interested in their
money and just helping them get set for the future.
Speaker 7 (07:04):
You see that documentary called Broke that talks about this,
and it's it's like eighty percent of them end up
going bankrupt within a couple of years after. Yep, yeah,
I mean, but yeah, you're totally right. It's like just
the way that inflation is. Like there's an.
Speaker 1 (07:15):
Old documentary it is Mark Ripping in it. I mean,
if you know Mark Ripping, folks, you're you're over forty
for sure, but keep going, you were saying brand.
Speaker 7 (07:27):
Yeah, No, I just don't say that if they had
like a quick financial rundown or as there's not a
booming industry around, like a financial management for athletes, because
it's like a unique position where you have a quick
five to ten year window to make a lot of money.
Then you're never going to be able to make money
off that skill again. But just the way that inflations
set up, it's kind of perfect for them because if
you like invest half that into anything, basically that's an
asset rather than like just money sitting in the bank.
(07:48):
You know, you're going to do well over thirty years
with the way that the government devalues are money. So
you know, like if you put in property, you put
in like the stock market, you put in I need
like limited asset, and that it's going to do well. But
you know, they don't know. That's obviously for twenty year
old kids who you know, came from poverty that are
sudden they have one hundred million dollars.
Speaker 1 (08:05):
By the way, I don't know if it was Mark Rippin,
can you check Mark? It could have been who was
the Cleveland Brown's quarterback that was a decent quarterback, Bernie Sorry, Yeah,
that's Douary Bernie colsar Is on that documentary, I believe.
Speaker 9 (08:18):
Yeah, you know what part of the problem is there's expectations.
Speaker 8 (08:22):
People have expectations and they're they're oftentimes unreasonable. This is
not just about athletes. This is normal people too. They
start making a little bit of money and their expectation
is that it removes all constraints. Yeah, like you make
a lot of money, you think I can do whatever
I want Now. I can have a private jet, I
can live in eighteen different houses, I can.
Speaker 4 (08:38):
Go around You want to help you do that?
Speaker 8 (08:40):
Exactly for for a fee, right, And so yeah, you
have to realize expectations are number one, you don't remove constraints,
you raise the ceiling a little bit. But number two,
you're going to attract people like Thomas saying we're in
the business of being in your business. So expectations are
just not calibrated correctly. And again, this is not just
a problem for athletes.
Speaker 9 (08:59):
It's lack of information. That's the theme of the show.
Speaker 1 (09:02):
For It's interesting you say at two points, I want
to make on that I got am an act the
other day from a lady who her husband passed away,
and she got seven and a half million dollars, give
or take, and he had a good amount of insurance policy.
Speaker 4 (09:14):
And it's like, hey, what do I do with this? Now?
Speaker 1 (09:17):
You know, you're kind of like, well, you know, I'm
a seven and a half million dollar person. No you're not.
I said, you're a three hundred thousand dollars a year person.
What does that mean if you put that seven and
a half at four percent at some place. If you
are getting four percent, and come on at every year,
you're making roughly three hundred thousand dollars per year, right,
give or take whatever the numbers. I think it is
exactly three hundred thousand dollars. I said, don't judge the
(09:40):
amount of money you have in a bank if you
don't have an income. What he says in the Odell
Beckham he says, sixty million. If all of a sudden
the contract is done and you're no longer playing, who
the hell is going to pay you one hundred million
dollars over five years if your name isn't Tom Brady
or Troy Aikman or who's the other Dallas Cowboys of
fun nomenal commentator to the quarterback Romo phenomenal? Right there,
(10:02):
they're saying he may be one of the best ones.
But you know, I was with Antoine Walker about ten
years ago, twenty fifteen. We're in Chicago. We're having a
cigar together at the cigar bar, and it's me and
him and Matt Sopollam. Very nice guy. He was a
very good NBA player, and his career earnings he made
(10:23):
one hundred and eight million dollars in his career. You
know what his network is today? Give her take. I
don't know what it is, Robbie, he can pull it up.
But he was talking about openly. I think he teamed
up with Morgan Stanley, Dean wood Or to coach the
younger kids of what it's like to have, you know, money, right,
they're two hundred fifty thousand dollars on the next one
round Celebrity Network. Two hundred and fifty thousand dollars. It's
(10:45):
pretty wild. You got paid one hundred and eight million dollars,
he said something. He's you know what the biggest challenge was,
He said, when the money was coming in. One day,
I'm playing blackjack with Jordan because they're both from Chicago, Chicago, Chicago,
so you know, Jordan Chicago's in Chicago playing blackjack, and
he says, I'm watching Michael play million dollar hands or
a hundred thousand dollars hands, whatever story he was saying.
(11:05):
He says, I thought I can afford to do that,
and then I.
Speaker 4 (11:08):
Realized I can't.
Speaker 1 (11:10):
So sometimes is partying with a guy who has real
money and you think you have real money. You don't
have that kind of money, but you want to seem
like you can hang with that guy, and you can't.
Don't be tempted to do that. That's the story on
twin Walker was talking about and by the way, that
documentary you talking about broke, I think Andre Risen was
(11:32):
in it. Bernie Cozar is definitely in it. A few
other guys that were in it who talk about that
as well. Jamal Mashburn, who actually did pretty good for
himself later on, ended up becoming a businessman.
Speaker 4 (11:45):
We spoke once.
Speaker 1 (11:46):
Jamal was a great Did he play for Kentucky at
one point Jamal Mashburn was he a Kentucky guy? Tom
and then he came out I don't remember he played
for the MAVs. He used to average like twenty twenty
four points a game. Mashburn was actually lights out. Yeah
he Kentucky. Yeah he was Kentucky. So anyways, I saw
that story with Odell Beckham kind of made me think
(12:06):
about what some people are going through financially. I know
some people may laugh and say, well one hundred million dollars.
That applies to people making one hundred thousand dollars, a
million dollars.
Speaker 4 (12:16):
Two fifty a year, eighty a year.
Speaker 1 (12:19):
All of that habits you create applies no matter what
kind of money you're making. New Year's is around the corner,
twenty twenty six is going to be here, like this
and for us, we had our off site meeting yesterday
at Ritz for Lauda, which I'll tell you later on.
But every year before we get into a new year,
we have a long strategy session. Yesterday started at seven thirty,
we ended at eight forty five. The best meeting ever.
(12:42):
We've never had a meeting where this many strategies was
shared and the plans of what we're doing going into
twenty twenty six with all our nine business units. But
the question is for you going into twenty twenty six,
how ready you are a lot of people asking and said, hey,
how did this whole thing get started? This whole YouTube thing.
Was it accident? So was it intentional? Was there a
strategy behind it? I want you to watch this video
(13:03):
and then you'll see what I'm talking about in regards
to December twelfth, Go ahead, Rob So On twenty thirteen
we started a YouTube channel called Value Team and in
the first year Valuetimin got one hundred and sixty seven
thousand views.
Speaker 4 (13:15):
That's it, and we were ecstatic.
Speaker 1 (13:17):
The next ten years total we got four hundred and
ninety one million views in ten years. You know how
many we got last year a billion views? You know
how many we got last quarter, last quarter alone all
social media and our YouTube channels combined. YouTube is seven
hundred million, social is nine hundred million combine, nearly one
(13:38):
point six billion just last quarter. Why because every single
year we would plan for the following year, and I
would watch everybody as well. You know, I don't need
this every year, we would pay to see how we
can make our YouTube channel tighter, data stats, all of that.
If you're watching this, you said, man, I want to
be able to plan for next year as well.
Speaker 4 (13:59):
Fantastic.
Speaker 1 (14:00):
December twelfth, I do an event every year called a
Business Planning Workshop. If you haven't yet registered, click on
a link below Get registered. I'm going to share with
your numbers what we're going to be doing, and you'll
be able to apply it for your business plan as well.
Speaker 4 (14:13):
I'll look forward to seeing you there. There you go.
Everything comes down to a plan.
Speaker 1 (14:16):
If you haven't yet registered December twelfth, go to the
link below Get registered. Let's spend an entire day together.
People from around the world are going to be on.
There's going to be tens of thousands of people on.
Companies are sitting and watching the whole thing with their
employees and their sales team.
Speaker 4 (14:30):
Go to BPW dot bid David.
Speaker 1 (14:33):
Consulting dot com to register, or click on the link below.
If you enjoy this video, you want to watch more
videos like this, click here, and if you want to
watch the entire podcast, click here,
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.