Latest / Money And Wealth With John Hope Bryant / Self Esteem vs. Confidence

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Self Esteem vs. Confidence · Money And Wealth With John Hope Bryant

0:00
Speaker 1: Welcome the Money in Wealth with John O'Briant, a production
0:03
Speaker 1: of The Black Effect podcast Network and iHeartRadio. Hey Hey,
0:15
Speaker 1: it's John O'Brien This is money and Wealth. And I'm
0:19
Speaker 1: popping my collar because I paid my taxes and I'm
0:26
Speaker 1: happy about it. Right. Actually, I got a pretty good
0:29
Speaker 1: deal this year. Last year was an okay deal. In
0:34
Speaker 1: the year before that, it was a painful deal because
0:37
Speaker 1: I paid the most taxes I'd ever paid in my life.
0:40
Speaker 1: It was seven figures in taxes alone. In fact, my
0:46
Speaker 1: state tax bill was larger than any tax I'd ever
0:50
Speaker 1: paid period in my life, just my state tax bill.
0:54
Speaker 1: My federal tax bill was seven figures by itself. But
0:58
Speaker 1: I was happy to do it. Listen to me, now,
1:00
Speaker 1: I was happy to do it because that meant I
1:04
Speaker 1: made money. I even generated some generational wealth. I forget
1:09
Speaker 1: what year it was, but it was, you know, two, three,
1:11
Speaker 1: four years ago where I paid this enormous tax bill.
1:16
Speaker 1: But don't get upset with Uncle Sam. Because you're paying
1:19
Speaker 1: a tax bill, it means that you're actually making some money.
1:22
Speaker 1: You might want to be upset when you're not paying
1:24
Speaker 1: a tax bill because it made mean you're broke and
1:27
Speaker 1: don't be smarty pans and decide you're going to skip
1:31
Speaker 1: out on your tax bill. I'd rather rather steal from
1:33
Speaker 1: my mother got rest of her soul, than still from
1:36
Speaker 1: from the federal government of the irs. They didn't get
1:38
Speaker 1: alcohpoone from murdering mayn They got an alcopone on tax evasion
1:43
Speaker 1: and put that man under the jail. He died in prison,
1:47
Speaker 1: cool smooth, all that he avoided, all those things he
1:52
Speaker 1: actually did, which was literally murders and stickups and all
1:56
Speaker 1: kinds of stuff. But they couldn't catch them. But they said, basically, look,
2:01
Speaker 1: we can't prove you broke these laws and committed these primes,
2:06
Speaker 1: but you seem to have a lifestyle that doesn't make
2:08
Speaker 1: any sense, and we can't You can't justify where you
2:14
Speaker 1: made this money. So you have evaded taxation because you
2:21
Speaker 1: didn't report the income. So it's really deep. Get American American,
2:25
Speaker 1: American capitalism is American government is deep. It's like, we
2:28
Speaker 1: maybe convict you that it's illegal, but you dang if
2:31
Speaker 1: you're gonna pay your taxes on your comp on your
2:34
Speaker 1: on the income that you made, or we'll get you
2:38
Speaker 1: that way. And so they got them that way, and
2:41
Speaker 1: they're not gonna get me that way. I'm gonna pay
2:43
Speaker 1: my taxes. Uh. Now, we just had tax season, and
2:48
Speaker 1: you shouldn't be paying more taxes than you have to.
2:52
Speaker 1: And uh, this tax system is designed for you to
2:57
Speaker 1: maximize your tax benefit. The whole thing about owning a home,
3:02
Speaker 1: the tax structure, the tax system. I don't want to
3:07
Speaker 1: use that word again. The taxing infrastructure in America is
3:13
Speaker 1: designed to benefit home ownership. That's what I was trying
3:15
Speaker 1: to say. So, you write off the most of a
3:20
Speaker 1: thirty year mortgage twenty on average, twenty of the thirty
3:23
Speaker 1: year mortgage. You write it off through mortgage interest payments,
3:28
Speaker 1: and you will be able to get a lot of
3:30
Speaker 1: that back in a tax refund at the end of
3:32
Speaker 1: the year. So if you're renting from me a home
3:36
Speaker 1: or an apartment, or from some other investor, you're opening
3:40
Speaker 1: a window and throwing your money out the window. There
3:42
Speaker 1: are times for you to be a renter. Okay, I'm
3:45
Speaker 1: not hating on that. I've been a renter. There's been
3:47
Speaker 1: times to be a renter, but you get no benefit
3:50
Speaker 1: from that. But if you own a home and you're
3:52
Speaker 1: basically paying the same for rental for mortgage ownership home
3:55
Speaker 1: ownership as you would for rental. If you own a home,
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Speaker 1: then you're going to get a lot of that money
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Speaker 1: you paid against the mortgage back through a tax refund.
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Speaker 1: At the end of the year. You get the benefit
4:11
Speaker 1: of appreciation, the benefit of depreciation, a tax benefit, and
4:17
Speaker 1: you get to write off a lot of the mortgage
4:21
Speaker 1: payments because a lot of it mortgage interest in those
4:25
Speaker 1: first those first years. Now, writing things off you, I'm
4:32
Speaker 1: gonna be a little tongue in cheek here. Now. You
4:35
Speaker 1: can't write off the strip club guys. You can't write
4:39
Speaker 1: off you know, your girlfriend, You might not even man it.
4:43
Speaker 1: Write off your wardrobe. I'm actually serious about this. Now,
4:46
Speaker 1: if you if you're in a profession where like the
4:49
Speaker 1: entertainment business, and you think, well, this is directly tied
4:52
Speaker 1: to I mean, I'm a businessman. I'd like to be
4:55
Speaker 1: able to think that my wardrobe is complement to my
4:58
Speaker 1: business and it's directly ti to it. It is not
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Speaker 1: a ford on conclusion. And you can write off your wardrobes.
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Speaker 1: You need to talk to your tax person. You can't
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Speaker 1: write off if you work from your house. You can't
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Speaker 1: write off the whole house. Please, I don't want you
5:12
Speaker 1: to be audited. I don't want you to get in trouble.
5:14
Speaker 1: Please listen to me. You can write off the portion
5:17
Speaker 1: of the house that you're using for business purposes. There's
5:21
Speaker 1: an office in your house, right you can tax that
5:24
Speaker 1: should be tax deductible. Check with your tax professional. Don't
5:28
Speaker 1: just take my word for it, but that part of
5:30
Speaker 1: the house you're using for tax for business purposes should
5:33
Speaker 1: qualify as a tax write off. All of your car
5:36
Speaker 1: may not be tax deductible, but the part that you're
5:39
Speaker 1: using for business purposes. Even if you want to be
5:42
Speaker 1: very specific, you can do mileage calculations and do it
5:48
Speaker 1: that way, but you need to be very thoughtful about
5:52
Speaker 1: what's a business expense and what you can write off
5:54
Speaker 1: and what you can't. Certain things you absolutely will not
5:57
Speaker 1: be able to write off because this well nuts. I've
6:02
Speaker 1: mentioned a couple examples there. But you can write off
6:08
Speaker 1: things that have a direct business correlation, or things that
6:11
Speaker 1: are covered by the tax code, like many kinds of
6:16
Speaker 1: real estate and mortgage payments and interest expense on businesses
6:23
Speaker 1: and again anything if you have a side business or
6:26
Speaker 1: a primary business, then those direct business expenses you'll be
6:31
Speaker 1: able to write off. I also want to very briefly
6:35
Speaker 1: touch on this really falsehood that politicians play games, what
6:42
Speaker 1: they say that rich people don't pay money. The reality
6:45
Speaker 1: is that most taxes actually in this country, most income
6:48
Speaker 1: for America is paid by the wealthy people. I guess,
6:52
Speaker 1: like me, seventy or eighty percent of all the taxes
6:54
Speaker 1: in the country are paid for by those at the
6:57
Speaker 1: highest income bracket. So what's all this about the wealth
7:00
Speaker 1: You don't pay taxes, Well, they don't pay a lot
7:04
Speaker 1: of percentage wise of income taxes, so that if they're
7:10
Speaker 1: not paying income taxes, and what are they paying. They're
7:12
Speaker 1: paying in many cases capital gain taxes. So income taxes
7:16
Speaker 1: might be thirty percent, thirty five percent, forty percent, forty
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Speaker 1: five percent, uh, if you can stayan. Federal taxes might
7:23
Speaker 1: even be in some cases like California, might be approaching
7:26
Speaker 1: fifty percent. If you're making a bunch of your money,
7:29
Speaker 1: you know, from performing as an actor or an entertainer
7:31
Speaker 1: or a sports figure or whatever, you're making a lot
7:34
Speaker 1: of income. W two income they I guess it called
7:38
Speaker 1: you're in a sitcom, a t a situation commedy, You're
7:41
Speaker 1: on a TV show or something, and you're getting a
7:43
Speaker 1: W two paycheck, then they may withhold, you know, thirty
7:48
Speaker 1: five forty percent of your taxes. You may be in
7:52
Speaker 1: that tax bracket. Uh. That's why they say that Warren
7:55
Speaker 1: Buffett pays less taxes than its secretary. What do I
7:57
Speaker 1: mean by that, Well, she's getting an income. Well, Warren
7:59
Speaker 1: Buffet's not getting a paycheck. He may choose I don't
8:01
Speaker 1: want an income, don't pay me a paycheck. Because what
8:04
Speaker 1: he does is he when he sells stock, he gets
8:07
Speaker 1: hit with a capital gains tax. When somebody sells like
8:10
Speaker 1: real estate like me, they that you get hit with
8:13
Speaker 1: a capital gains tax, which is typically about twenty percent
8:16
Speaker 1: twenty one percent of whatever the thing you sold is value.
8:22
Speaker 1: That so if it's worth a million dollars, you may
8:25
Speaker 1: get hit with a two hundred thousand dollars tax bill
8:27
Speaker 1: all at once, and you know, happy to pay it.
8:31
Speaker 1: We're not happy to pay it, but you pay it.
8:33
Speaker 1: And that's a lot of money. And so a lot
8:37
Speaker 1: of this country eats. Income comes from the wealthy paying
8:40
Speaker 1: a combination of income tax and capital gains tax. There's
8:43
Speaker 1: other kinds of taxes, but I'm trying to make this simple.
8:46
Speaker 1: But don't listen to people who tell you that just
8:48
Speaker 1: because a wealthy person is not paying income tax their
8:53
Speaker 1: tax bracket, well they're paying less an income tax in
8:57
Speaker 1: this secretary because the secretary has got to sell and
9:01
Speaker 1: is earning a paycheck every two weeks, and as with holdings,
9:04
Speaker 1: and the boss may not be on any salary at all,
9:08
Speaker 1: like which means you can't tax something it doesn't exist.
9:11
Speaker 1: Very very very wealthy people don't want an income Okay,
9:14
Speaker 1: as a funny one for you, all right, John O'Brien,
9:17
Speaker 1: this is money and wealth and this is uh the
9:22
Speaker 1: tax season. So I want you to be tax smart.
9:25
Speaker 1: Pay your fair share because well that means you're doing
9:28
Speaker 1: really well and you live in the most secure economy
9:33
Speaker 1: in the world with the best laws and its best infrastructure,
9:37
Speaker 1: the best protections of the law that costs something, and
9:41
Speaker 1: the government is that if you get in a lawsuit
9:44
Speaker 1: the government, there are the laws. You know you can
9:46
Speaker 1: rely on the laws to be sturdy and resilient. You
9:50
Speaker 1: have intellectual property rights that are preserved, you have real
9:55
Speaker 1: property rights that are you know will be preserved, then
10:00
Speaker 1: protect it. That's the government of work. I'm not advocating
10:03
Speaker 1: for the government just saying that those things call something.
10:06
Speaker 1: You look roads, gutters, street lights, subways that somebody's got
10:11
Speaker 1: to pay for that. The government pays for that. You're
10:13
Speaker 1: in a highway and you're making money because you want
10:16
Speaker 1: to sell something to somebody. Well, you're on driving on
10:18
Speaker 1: the highway. That's the public and you, as a taxpayer,
10:20
Speaker 1: you pay for that. Schools are not free. Schools are
10:23
Speaker 1: paid for by you and me. So that's why you
10:26
Speaker 1: should also want to vote. Because you're you're a shareholder.
10:29
Speaker 1: You have assets, and your assets are not just on
10:31
Speaker 1: your ass. You own things. That's why when you see
10:35
Speaker 1: a house that's got line up to you know, your net,
10:38
Speaker 1: it's because that's probably a renter. Because nobody washes rental cars.
10:42
Speaker 1: But once you own a home, there's a quote for you,
10:45
Speaker 1: nobody want nobody washes rental cars. Once you own a home,
10:49
Speaker 1: are you owned some property all of a sudden you
10:50
Speaker 1: become real concerned about it, and now you're a stakeholder,
10:53
Speaker 1: and now you typically want to vote to protect your
10:56
Speaker 1: stake in what you have and to have a say
10:58
Speaker 1: in how governments do their business. And so there you go,
11:02
Speaker 1: all right, So there's a civics lessons and a tax
11:05
Speaker 1: lesson and the first positive things somebody's ever said to
11:09
Speaker 1: you about the government of the IRNS. I bet all right,
11:12
Speaker 1: And I haven't been audited yet. I'm sure it's coming
11:15
Speaker 1: at some point, but I've been audited, so I don't
11:17
Speaker 1: think I've been audited. But there was a time where
11:20
Speaker 1: I didn't pay taxes for years and I got hit
11:23
Speaker 1: with very serious penalties back in the day when I
11:26
Speaker 1: was in my teens, from the Franchise Tax Board and
11:29
Speaker 1: from the state of California. It hit me hard and
11:31
Speaker 1: I had to catch up. So it's not Life's not
11:33
Speaker 1: always been a better Roses, but I think I've been
11:36
Speaker 1: relatively smart about, you know, paying my fair share of taxes,
11:42
Speaker 1: both income tax and capital gains taxes, but also taking
11:48
Speaker 1: my reasonable write offs of things that are legitimate business expenses.
11:52
Speaker 1: And a lot of my life is business because I'm
11:54
Speaker 1: always doing it. So there you go. I hope this
11:57
Speaker 1: has been helpful. Make sure you have a tax pro.
12:00
Speaker 1: Make sure that your tax pro gives back to the community.
12:02
Speaker 1: Choose one that does give back to the community. By
12:05
Speaker 1: the way, they can donate that a few hours of
12:07
Speaker 1: their time as a tax pro to help businesses come
12:09
Speaker 1: up like the one Men Black Business Initiative, like my
12:11
Speaker 1: firm Apryo does here in Atlanta. So get a tax
12:15
Speaker 1: pro get a lawyer, and of course get a life.
12:18
Speaker 1: You're listening to this, you already have a life, all right,
12:20
Speaker 1: Love you, John Hope Brien. Hey, this is John Hope
12:33
Speaker 1: Brian on money and wealth, and I'm going to tackle
12:37
Speaker 1: a topic today that is a little controversial, which is
12:42
Speaker 1: self esteem versus confidence, particularly with reguard to my African
12:46
Speaker 1: American brothers and sisters. So why is this important and
12:52
Speaker 1: why does it have to do with money and wealth?
12:55
Speaker 1: Because if your assets are all on your ass, is
13:01
Speaker 1: a reason for it. If you spend, if you produce
13:03
Speaker 1: one point six trillion dollars in consume economic output as
13:09
Speaker 1: a race, but ninety one percent of that is consumption,
13:12
Speaker 1: there's a reason for it. If they number one way
13:15
Speaker 1: to build wealth is home ownership, and we don't really
13:19
Speaker 1: own homes. There's a reason for it. And there's a
13:24
Speaker 1: reason why America has African American ghettos and not really
13:31
Speaker 1: any kind of other kind of ghettos. And it has
13:35
Speaker 1: to do with slavery. It has to do with destroying
13:39
Speaker 1: and destroy self esteem, We're brilliant people, African Americans. We've
13:43
Speaker 1: been doing so much with so little for so long.
13:46
Speaker 1: We could almost do anything with nothing. We have, you know,
13:50
Speaker 1: succeeded against the odds who were brought here as brilliant
13:54
Speaker 1: agricultural geniuses of the land and had the self esteem
13:59
Speaker 1: beaten up out of us for literally three hundred years.
14:04
Speaker 1: So I had to do the math sixteen nineteen to
14:06
Speaker 1: the really the mid nineteen sixties, even before America was America,
14:11
Speaker 1: you know. And this is not even a podcast of
14:14
Speaker 1: race or slavery or it has nothing to do with it.
14:17
Speaker 1: I'm just giving you the backstory to understand you could
14:21
Speaker 1: make a mistake and not be one. We're actually the
14:23
Speaker 1: opposite where geniuses were amazing. But there was an intentional attempt,
14:28
Speaker 1: which I'll do in another podcast to break down the
14:30
Speaker 1: why as to why African Americans, with all our genius,
14:36
Speaker 1: with all of our outside success all around the world,
14:40
Speaker 1: I think of the majority of us are clinically undiagnosed depressed,
14:43
Speaker 1: and that depression creates a surviving mindset, and a surviving
14:48
Speaker 1: mindset is directly in conflict with a thriving mindset and
14:50
Speaker 1: a winning mindset. Winners of builders. If you're a surviving mindset,
14:55
Speaker 1: you are always looking for risk and issue, and the
15:00
Speaker 1: glass is half fifty note half full. You tend to
15:02
Speaker 1: be more cynical than skeptical. Now you generalize, you discriminate.
15:07
Speaker 1: So yes, these are generalizations, but they tend to stick.
15:10
Speaker 1: And I'm going to frame this in a way that
15:13
Speaker 1: makes it perfectly clear. I'm going to give you the
15:15
Speaker 1: economic framework first, because it's a raise to white people too.
15:20
Speaker 1: So if the issue is only race, right that defines
15:24
Speaker 1: success or failures, self esteem and confidence and all that
15:27
Speaker 1: kind of stuff, then you would not have rich whites
15:31
Speaker 1: and poor whites. You just have rich whites. If the
15:35
Speaker 1: issue is just race, you just have rich whites. But
15:39
Speaker 1: the largest population of poverty in this country is actually
15:42
Speaker 1: white poverty. I'll go one step further. The number one
15:46
Speaker 1: group dying in this country are high school educated white men.
15:51
Speaker 1: Lack of hope. Opioid addiction is the trigger, but it's
15:56
Speaker 1: really lack of hope. Not go to African Americans for
16:01
Speaker 1: a minute. If black was the same, just like I
16:03
Speaker 1: just said, the white was the same, and it wasn't
16:05
Speaker 1: a cultural issue because somebody didn't say, John, why are
16:09
Speaker 1: you picking on your own people. I'm not picked on anybody.
16:11
Speaker 1: I'm breaking some stuff down so that we can understand
16:13
Speaker 1: it so we can fix it. Just the opposite. Actually,
16:15
Speaker 1: I said, we've been picked on, and we picked ourselves up.
16:19
Speaker 1: Like as I said, we've been doing so much with
16:21
Speaker 1: so little for so long. We could almost do anything
16:23
Speaker 1: with nothing. But I don't want you an expert in surviving.
16:25
Speaker 1: I want you an expert in thriving and winning. Can
16:27
Speaker 1: I get an amen? So I talked about whites, now black,
16:31
Speaker 1: poor whites and poor blacks. These are obvious, but no
16:33
Speaker 1: one ever says it. So the issue was only raceed
16:37
Speaker 1: and all blacks should be the same too. But the
16:39
Speaker 1: Federal Reserve at Boston did a survey about five to
16:43
Speaker 1: seven years ago on the net worth of everybody in Boston.
16:47
Speaker 1: They found that whites had a six figure net worth.
16:51
Speaker 1: They found that Caribbean blacks had it I think it
16:53
Speaker 1: was a twelve hundred dollars net worth. And they found
16:57
Speaker 1: that African Americans had net worth of seven bucks. That's right,
17:02
Speaker 1: seven dollars. And when they put this on the front
17:06
Speaker 1: page of the Boston Globe and you can pull it
17:08
Speaker 1: up on the internet. By the way, it said blacks
17:11
Speaker 1: net worth seven dollars, and it had to say this
17:15
Speaker 1: is not a typo in the headline because it was
17:17
Speaker 1: so dramatic. And if it was just race, why wouldn't
17:21
Speaker 1: all blacks have the same networth? Why wouldn't all whites
17:25
Speaker 1: have the same network? Because culture and environment matter, and
17:29
Speaker 1: so we can be proud that we have survived and
17:32
Speaker 1: all this torture. But if there's some PTSD there, there's
17:35
Speaker 1: some damage to our psyche and our spirit and our
17:38
Speaker 1: self esteem. And as I've often said, if I don't
17:40
Speaker 1: like me, I'm not gonna like you. If I don't
17:42
Speaker 1: feel good about me, I'm not gonna feel good about you.
17:45
Speaker 1: If I don't respect me, don't expect me to respect you.
17:47
Speaker 1: If I don't love me, I don't have a clue
17:50
Speaker 1: how to love you. And if I don't have a
17:53
Speaker 1: purpose in my life, I'm gonna make your life a
17:57
Speaker 1: living hell. Because whatever goes around comes around. So now
18:02
Speaker 1: broken down and hopefully in the way, it's sufficient the
18:06
Speaker 1: economic differences even within the same group of black people.
18:11
Speaker 1: And I'm gonna say something I can't absolutely true say
18:15
Speaker 1: is the fact, but I believe it based on me
18:17
Speaker 1: traveling the countless cities across this country. They're not Ghanaian
18:22
Speaker 1: ghettos in America. They're Ghanaian communities. They're not Jamaican ghettos
18:25
Speaker 1: in America. There are Jamaican communities where Jamaicans live together,
18:29
Speaker 1: working class, middle class neighborhoods. I can think of some
18:32
Speaker 1: in the Five Boroughs right now, as example. There are
18:36
Speaker 1: Ethiopian communities, lots of them. There are South African communities
18:41
Speaker 1: and so on and so forth, right, but they're only
18:46
Speaker 1: black ghettos. African American so African American communities where you
18:52
Speaker 1: see check cashers, patio only. Now you see these other communities, right,
18:56
Speaker 1: But it's intensely focused in African American communities because us, well,
19:01
Speaker 1: we were broken and people are now praying on that brokenness.
19:06
Speaker 1: Where so now I'm going to get to a self
19:08
Speaker 1: esteem and confidence. So you can't fix this stuff unless
19:11
Speaker 1: you recognize it. If you look at the majority of
19:15
Speaker 1: ghettos and inner cities in America where people proliferate, they
19:18
Speaker 1: tend to be mostly African American versus communities where different
19:23
Speaker 1: people live, and there's oppressive environments in those neighborhoods and
19:27
Speaker 1: communities because those impressive environments are profitable to some people
19:34
Speaker 1: and negative to the people that they're subject to it.
19:39
Speaker 1: But maybe you don't even notice it because we're so
19:42
Speaker 1: used to surviving and so used to brokenness that we
19:45
Speaker 1: think it's okay. We think it's okay for a check
19:47
Speaker 1: cash or to the extra payda on lender, to a
19:50
Speaker 1: rent store, a title linder link store, pansha. By the way,
19:53
Speaker 1: that actually does exist in low wealth communities of all kinds.
19:58
Speaker 1: I'm not just praying on that, but I'm just get
20:00
Speaker 1: and that as an example, right and now now I'm
20:02
Speaker 1: going to pivot to something that I think does differentiate
20:08
Speaker 1: healthy from those trying to heal those who need to heal.
20:13
Speaker 1: So self esteem versus confidence, those things are different. Self
20:18
Speaker 1: esteem is internal and confidence is really external. And so
20:23
Speaker 1: confidence comes from your competence. You're confetent about something, so
20:27
Speaker 1: you express that through a confidence. I'll come back to
20:30
Speaker 1: that in a moment. Self esteem is how I esteem myself.
20:35
Speaker 1: So if you look at Caribbean blacks and you look
20:38
Speaker 1: at African blacks as an example, you see people and
20:42
Speaker 1: I'm generalizing. Whenever you generalize, you discriminate that it's true.
20:45
Speaker 1: But follow me for a moment. I'm making a point.
20:49
Speaker 1: If you go, if you look at those who come
20:51
Speaker 1: from the Caribbean and come from Africa, you generally speaking
20:57
Speaker 1: see fine people who have high self esteem but low
21:02
Speaker 1: levels of initially of confidence when they come to America.
21:05
Speaker 1: Why because they the self seem comes from nuclear families,
21:10
Speaker 1: mom and dad, husbands and wives. It comes from seeing
21:16
Speaker 1: the Dennis that looks like you, the mayor that looks
21:19
Speaker 1: like you, the governor looks like you, the CEO that
21:21
Speaker 1: looks at you, the saint looks like you, the passion
21:24
Speaker 1: looks like you, and the crooks looking like you too.
21:26
Speaker 1: Everybody looks like you. So there's a self esteem that
21:30
Speaker 1: comes from having a healthy spiritual, emotional, psychological environment. Are
21:36
Speaker 1: you with me so far? But they have a low
21:39
Speaker 1: level of confidence because they come from a small and
21:43
Speaker 1: developing economy that's not cutting edge economically. It's not where
21:48
Speaker 1: you take your skills and put it to work against
21:52
Speaker 1: other people who at the top of their game. And
21:55
Speaker 1: so as a result of that, you don't really know
21:56
Speaker 1: whether you've been taught is truly top of the mark,
22:00
Speaker 1: So you may not have the confidence that comes from
22:02
Speaker 1: competition at the highest level and winning. So you may
22:07
Speaker 1: have low confidence but high self esteem. The opposite is
22:10
Speaker 1: true for African Americans. In American you have people who
22:15
Speaker 1: have high confidence, extremely high confidence, but typically low self esteem.
22:20
Speaker 1: Now low self esteem for the meat reasons I just mentioned.
22:23
Speaker 1: People have beaten the love out of us, beaten the
22:26
Speaker 1: confidence and self esteem out of us, beaten the joy
22:29
Speaker 1: out of us because they needed us to not create
22:33
Speaker 1: a problem back in the day. Keep you in that
22:39
Speaker 1: box just become human machinery for hundreds of years, but
22:44
Speaker 1: it damaged our spirit and it ruined our families. I
22:47
Speaker 1: think the fire pillows of success as much education as
22:50
Speaker 1: you can shut down your throat. This is from my
22:52
Speaker 1: book Up from Nothing. I have six books now, three
22:55
Speaker 1: or four bestsellers, the last one being Out being Financial
22:58
Speaker 1: Literacy for All Just out that's entered the fray at Amazon,
23:01
Speaker 1: number one in economics, etc. CEA picking up if you
23:03
Speaker 1: don't have it, but Up from Nothing in my last book,
23:06
Speaker 1: there's a much education you shut down your throat, understanding
23:09
Speaker 1: the math, financial literacy, wealth, creation, etc. Family structured and
23:14
Speaker 1: resiliency number three, A self esteem and confidence number four,
23:19
Speaker 1: Role Models and environment number five. Now I've done a
23:22
Speaker 1: podcast episode just on this, so you can go back
23:24
Speaker 1: and listen to that, and I break these things down
23:27
Speaker 1: in some detail, and if you have three or four
23:30
Speaker 1: of those things, of those five things, you're going to
23:32
Speaker 1: be very successful. But three groups were denied those three things,
23:37
Speaker 1: and not in any order here Native American Indians, poor Whites,
23:44
Speaker 1: and African Americans and out of you know, a couple
23:48
Speaker 1: hundred ethnic groups in this country, and there's actually more
23:51
Speaker 1: than that if you want to get into cultures. Everybody
23:54
Speaker 1: seems to come here and be able to succeed within
23:57
Speaker 1: a short period of time because they have self esteem intact,
24:00
Speaker 1: and their confidence comes ultimately from competing on the playing
24:04
Speaker 1: field called life. But our experience was just the opposite.
24:07
Speaker 1: We're denied. Actually it was legally barred to educate us.
24:10
Speaker 1: They destroyed our family, separated our children, sold wives off
24:14
Speaker 1: from husbands, et cetera, et cetera, et cetera. So we
24:17
Speaker 1: did not if out of the five pillars of success.
24:19
Speaker 1: But if you have three four of those things, of
24:21
Speaker 1: those five things, I guarantee you, no matter what's in
24:23
Speaker 1: front of you, over around it, through what you're going
24:24
Speaker 1: to get to it. I know that because that's my
24:26
Speaker 1: story and I'm African American. My mother told me she
24:29
Speaker 1: loved me every day of my life at a sense
24:31
Speaker 1: of yes I can from my dad and the yes
24:33
Speaker 1: I am from my mother. I know was taught about
24:36
Speaker 1: Fangel literacy when I was nine years old. I have
24:39
Speaker 1: self love, self esteem, which I'll get to in a
24:42
Speaker 1: moment in great detail. I had good role models and
24:46
Speaker 1: an enabling environment. Thus I succeeded at scale with from
24:50
Speaker 1: the bottom quartile of poverty and struggle, not the very bottom,
24:55
Speaker 1: but the bottom quartile to the top one percent. And
24:59
Speaker 1: you can do it too. You can rehabilitate yourself, but
25:02
Speaker 1: you've got to understand what ghosts is chasing you and
25:05
Speaker 1: what healing you're pursuing. So there's self esteem and confidence.
25:10
Speaker 1: So here's self esteem. And you're gonna repeat myself a
25:13
Speaker 1: little bit. I apologize, but it's really important to get this.
25:15
Speaker 1: If I don't like me, I'm not gonna like you.
25:17
Speaker 1: If I don't feel good about me, I'm not gonna
25:19
Speaker 1: feel good about you. If I don't respect me, don't
25:22
Speaker 1: expect me to respect you. If I don't love me,
25:24
Speaker 1: I don't have a clue how to love you. And
25:27
Speaker 1: here's the big one. If I don't have a purpose
25:29
Speaker 1: in my life. I'm gonna make your life a living hell.
25:33
Speaker 1: Whatever goes around comes around, and hurt people hurt people.
25:40
Speaker 1: The opposite is also true. Hurt people hurt people is
25:44
Speaker 1: an old saying, no matter how much I love you,
25:46
Speaker 1: my son or my daughter, if I don't have wisdom,
25:49
Speaker 1: I can only give you my own ignorance. So out
25:51
Speaker 1: of love we pass down bad habits from generation to generation.
25:54
Speaker 1: I know this is gonna be a deep, deep, deep
25:56
Speaker 1: controversial podcast, but this is also because wealth is mindset.
26:01
Speaker 1: Anybody can make money. A drug dealer can make money,
26:04
Speaker 1: Pip can make money. Wall Street banker can make money,
26:07
Speaker 1: the engineer can make money. Anybody legit illegit can make money.
26:10
Speaker 1: But building wealth, you build wealth in your sleep. You
26:13
Speaker 1: gotta think. You gotta do it for the neck up,
26:15
Speaker 1: not the shoulders down. It's a mindset that builds wealth.
26:19
Speaker 1: And I want you to have that mindset, not only
26:21
Speaker 1: in financial wealth, but mental, spiritual, emotional wealth. I want
26:24
Speaker 1: you to heal. So confidence comes from competence. So why
26:31
Speaker 1: are African Americans confident in America? Because we competed in
26:34
Speaker 1: the biggest economy in the world, the most incompetitive place
26:37
Speaker 1: in the world, and we killed it. Where the rules
26:40
Speaker 1: are published and the playing fielders level, we succeed. What's
26:44
Speaker 1: examples of that, professional sports, the arts, government service and
26:51
Speaker 1: elected office, the faith community, the rules of published, the
26:56
Speaker 1: playing rules level, we kill it, but capital isn't. And
27:00
Speaker 1: free enterprise of why gave us that memo? That's my
27:03
Speaker 1: Is that my third or my fourth book? It's my
27:05
Speaker 1: third book. No one gave us that memo. I think
27:07
Speaker 1: it's my third book of how things work. Freedman's Bank
27:12
Speaker 1: eighteen sixty five, Abraham Lincoln a bank chartered to teach
27:16
Speaker 1: free slaves about money. He was killed the next year
27:18
Speaker 1: for the doubt destruct to run the bank. So we're
27:20
Speaker 1: not dumb and we're not stupids. Well, we don't know that.
27:22
Speaker 1: We don't know this killing this, but we think we know.
27:25
Speaker 1: But you know, in spite of that, we've done actually okay,
27:28
Speaker 1: pretty okay. But we are so focused on getting that bag,
27:30
Speaker 1: getting that money, getting that hustle, getting that dollar, getting
27:34
Speaker 1: that money, that we don't realize and that's short term,
27:36
Speaker 1: that's just transactional. You can get rich, but you don't
27:38
Speaker 1: build wealth. You build wealth and you're sleep. It's mindset
27:42
Speaker 1: but the reason we're so successful is that we actually
27:45
Speaker 1: are the most competitive group of people of color I
27:47
Speaker 1: believe in the world, and we should be proud of it.
27:50
Speaker 1: We've got our share of billionaires, we have our share
27:53
Speaker 1: of you know, of multi multi millionaires, of which I
27:57
Speaker 1: would qualify. We have tons of you know, one hundred
28:01
Speaker 1: thousand airs. You know, we have a solid middle class.
28:03
Speaker 1: Thank you, Andrew Young, doctor King, doctor Dorothy Hye, credit
28:06
Speaker 1: Scott King, et cetera. Heroes and she rose red from
28:08
Speaker 1: CTVV and John Lewis who created the civil rights movement. Right,
28:12
Speaker 1: but we got to go from cashing checks to writing them. Mindset,
28:18
Speaker 1: becoming wealth creators and not just consumers. Mindset to loving
28:22
Speaker 1: ourselves so we can love each other, so we don't
28:24
Speaker 1: have crab in the barrel mindset. Why is somebody watching me,
28:30
Speaker 1: listening to me and going, he ain't nothing that has
28:33
Speaker 1: nothing to do with me. If I'm succeeding and you're
28:36
Speaker 1: listening and you're I mean, you should be like bravo.
28:39
Speaker 1: I mean, maybe he's not doing what I'm doing. Maybe
28:41
Speaker 1: I don't want to be of those injuries, but god,
28:42
Speaker 1: that's fantastic. He's succeeding. That gives me some sense for
28:45
Speaker 1: what I can do. Was there anything negative in it?
28:48
Speaker 1: But you'll find people who are hurt trying to hurt people.
28:52
Speaker 1: Doctor King once said that evil and hurt. I'm adding hurt.
28:58
Speaker 1: I'm pretty sure it was just evil, he said. Corrodes
29:00
Speaker 1: to container. It sits within. Hello, your body seventy percent water,
29:05
Speaker 1: So you getting all worked up and hot, you're just
29:07
Speaker 1: killing yourself. You're cooking your own organs. Whatever goes around
29:10
Speaker 1: comes around. So self esteem not only it helps you
29:15
Speaker 1: live in the world, it helps you to live. That's
29:17
Speaker 1: why in these low wealth communities the credit score was
29:21
Speaker 1: launching my last book, Financial Lewacy Forrawl. I was in
29:23
Speaker 1: CNBC Last Call and I broke down how credit scores
29:26
Speaker 1: our whole financial wellness index. How credit scores are lower
29:30
Speaker 1: in low wealth communities. And you also lived twenty years
29:34
Speaker 1: a shorter life than you live in a seven hundred
29:36
Speaker 1: credits community credit score community. Yeah, I said it. You
29:38
Speaker 1: lived at sixty one years old in a five hundred
29:41
Speaker 1: credit score neighborhood. You lived at eighty one years old
29:44
Speaker 1: in a seven hundred credit score neighborhood twenty year delta,
29:48
Speaker 1: and I think that that is state of mind. It's mindset.
29:52
Speaker 1: It's what I'm talking about. So we've got to heal.
29:56
Speaker 1: And I mentioned check cashers, payday loan lenders, rental own stores,
29:59
Speaker 1: title lenders, liquor stores, pawn shops, and a church down
30:01
Speaker 1: the street trying to make you feel a little bit
30:03
Speaker 1: better once a week. That's your neighborhood psychologists, that's your
30:05
Speaker 1: neighborhood shriek, trying to keep you go from crazy, going
30:09
Speaker 1: completely crazy and going postal on somebody once a week.
30:12
Speaker 1: Just calm you down. While we black folks were emotional,
30:14
Speaker 1: we're going ha ha, we going hoop and a hollow.
30:16
Speaker 1: We get it out of our system. Replace that anger
30:19
Speaker 1: and that frustration with joy. That's a depressed person who
30:23
Speaker 1: needs to screen to get it out of them. You
30:25
Speaker 1: just you just you're on you wake up on nine
30:28
Speaker 1: on the scale of one of ten. You need to
30:29
Speaker 1: release some tension. By the way, not just black people.
30:32
Speaker 1: You go to a poor white neighborhood, you see the
30:34
Speaker 1: same thing. Check cash or paint on in their rental
30:37
Speaker 1: own store, title, their liquor store, pawnshop, church. They just
30:43
Speaker 1: do things. They move in different way. We riote when
30:45
Speaker 1: we angry on the streets when they're angry, they riot.
30:47
Speaker 1: It appears at the ballot box. Poor whites. You figure
30:50
Speaker 1: that out for yourself. What am I saying and what
30:54
Speaker 1: they relate to? Hello, so we've got to heal. Three
30:59
Speaker 1: ways to live suicide, you can die alive. We're not
31:03
Speaker 1: human beings having a spiritual experience. We're spiritual beings having
31:06
Speaker 1: a human experience, and energy matters. I just refuse to
31:12
Speaker 1: have toxicity around me. It's like, you don't have to go,
31:15
Speaker 1: you gotta get the heck out of here. I just
31:18
Speaker 1: try to be clean. I try to have a toxic
31:20
Speaker 1: free zone people. I go to dinner, Like, what you
31:22
Speaker 1: know anything you're allergic to? Yeah, bad food and toxic people.
31:27
Speaker 1: I'm just like, I'm done. Like you hang around nine
31:29
Speaker 1: broke people, you'll be the tenth. Like you just keep
31:33
Speaker 1: that mess over there. I don't want to jump in
31:34
Speaker 1: on me. Life's about energy. What are you? Who are you?
31:37
Speaker 1: What are you attracting? How long can I get a man?
31:40
Speaker 1: We have some church today. All these things are related,
31:45
Speaker 1: and they're interrelated, and they're interconnected, and you and wells
31:48
Speaker 1: tends to hang around wealth, and poverty tends to ringing
31:50
Speaker 1: around poverty, and we need to start doing some transfers
31:53
Speaker 1: to get people out of poverty, rebuild the ladder and
31:55
Speaker 1: get them back up to wealth. And by the way,
31:59
Speaker 1: when you are depressed, distressed, when you're angry at the world,
32:03
Speaker 1: you actually don't believe in the dream anymore. And that's
32:05
Speaker 1: and that's by the way, suits wealth just just fine.
32:08
Speaker 1: You stay over there and be angry, being expert in
32:12
Speaker 1: what you're against, not what you're for. Fine with them
32:15
Speaker 1: then leads more for them. What in Malcolm X Savy,
32:18
Speaker 1: you've been bamboozooed, you've been tripped, you've been fooled. Is
32:22
Speaker 1: what we don't know that we don't know this killing
32:24
Speaker 1: is what we think we know. We have to heal,
32:27
Speaker 1: We have to deal with our stuff. Suicide, coping, healing.
32:30
Speaker 1: Three ways to live suicide You can die alive. The
32:35
Speaker 1: most dangerous person in the world, well, the second most
32:38
Speaker 1: dangerous a person would know hope. First, most dangerous someone
32:41
Speaker 1: with power, money, wealth, different things, power, money, wealth, position,
32:48
Speaker 1: low seale, esteem, fear. Now you think about what I'm
32:51
Speaker 1: talking about, that person is very dangerous because they can
32:54
Speaker 1: actually use they can weaponize their unhealed nature to hurt
32:58
Speaker 1: somebody that threatens them. Or anger at them. I mean,
33:04
Speaker 1: a narcissist literally believes everything somebody else's fault, like it's
33:08
Speaker 1: never themselves. And a malignant narcissist, well that's a whole
33:12
Speaker 1: nother situation. I don't want you trading in any of
33:16
Speaker 1: that stuff. So there's suicide, right, then there's coping and
33:19
Speaker 1: there's healing. Coping An addiction is literally a response to
33:22
Speaker 1: emotion you can't handle. So you have all kind of iengs.
33:26
Speaker 1: You don't need shopping, drugging, drinking, you know, texting, texting
33:32
Speaker 1: all day all night, you know, oversleeping. These are negative eyengs.
33:37
Speaker 1: You need to replace them with some positive engs, like healing.
33:41
Speaker 1: Because you cannot have a rainbow without a storm first.
33:44
Speaker 1: It's a scientific fact. You cannot have a rainbow without
33:47
Speaker 1: a storm first. So and then of course that the
33:51
Speaker 1: third way to live is to heal. And that's really
33:52
Speaker 1: what I'm talking about. Before you heal, you got a deal.
33:55
Speaker 1: And when you're not dealing, somebody's taking advantage of you. Either.
33:58
Speaker 1: If you're not using your money, your money's using you.
34:00
Speaker 1: Angel young quote to live in a system of free
34:03
Speaker 1: enterprise and not to understand the rules of free enterprise
34:05
Speaker 1: must be the very definition of slavery. People who are
34:08
Speaker 1: surviving mindset. The glass is half full, not half empty,
34:11
Speaker 1: whether you remember whether you believe you can or whether
34:13
Speaker 1: you believe you can't. You're right. They don't like success.
34:17
Speaker 1: They're like, oh, I hate rich people. No, you don't.
34:19
Speaker 1: You hate rich people till you become rich. What you
34:23
Speaker 1: hate is a game system, but the latter's broken, and
34:27
Speaker 1: you don't believe the system works for you. You think it's corrupted,
34:29
Speaker 1: and so you throw your hands up and decide to
34:32
Speaker 1: live short termism coping. You start to see all this
34:40
Speaker 1: works together. And then if you're taking your advice from
34:42
Speaker 1: somebody who's just coping, dealing, not healing, that goes that
34:47
Speaker 1: quote in a blind town, a one eyed man's king.
34:50
Speaker 1: If you don't know better, you dang sure can't do better,
34:52
Speaker 1: no matter how much I love you, my son or
34:54
Speaker 1: my daughter. If I don't have wisdom, I can only
34:56
Speaker 1: give you my own ignorance. The definition of insanities the
35:00
Speaker 1: same thing over and over again, but expecting a different outcome.
35:03
Speaker 1: Let's assume you disagree with half of what I've said
35:05
Speaker 1: on this podcast. Why don't you try it? It can't
35:08
Speaker 1: possibly that's somebody says, well, why should I try? God,
35:11
Speaker 1: he cannot possibly mismanage your life worse than you have.
35:16
Speaker 1: You and me, by the way, I'm in that same bucket.
35:19
Speaker 1: I decided to try, and it worked beautifully. He's never
35:23
Speaker 1: let me down. But maybe you should try a different
35:25
Speaker 1: business plan, the one that has not worked. But a
35:28
Speaker 1: lot of wealth, or the lack thereof, is mindset. Poverty
35:33
Speaker 1: outside of roof over your head, food on the table,
35:35
Speaker 1: healthcare susten this poverty. That's susten this poverty, every other
35:39
Speaker 1: foreign poverty is mindset. Is how you're thinking, and whether
35:44
Speaker 1: you believe you can and you believe you can't. You're
35:46
Speaker 1: absolutely right. I want you to have high self esteem,
35:50
Speaker 1: not one answer. My self esteem and self respect depends
35:53
Speaker 1: on your acceptance of men. As the Quincy Jones quote,
35:57
Speaker 1: it's okay if you don't like me, I like me.
36:00
Speaker 1: That's a John O'Brian quote. Life is ten percent what
36:03
Speaker 1: life does to you, but nine percent how you choose
36:05
Speaker 1: to respond to it, how you're going to write, what's
36:07
Speaker 1: your respond's going to be. Success is going from failure
36:10
Speaker 1: to failure without loss of enthusiasm. That requires self esteem
36:13
Speaker 1: and confidence. But never give up. I take no for vitamins.
36:16
Speaker 1: That requires self esteem and confidence. I don't want you
36:19
Speaker 1: to just have confidence, because you'll be cocky, you'll be arrogant,
36:21
Speaker 1: and you'll over compensate by trying to put your assets
36:24
Speaker 1: on your ass. You're going to try to wear your
36:27
Speaker 1: self esteem to prove to everybody else to have loud
36:30
Speaker 1: music and a loud life, because you're trying to communicate
36:32
Speaker 1: to everybody else externally your value where itsus realizing internally
36:35
Speaker 1: you're already valuable because you're God's child. When you got
36:39
Speaker 1: the power, you don't need to use it. Okay, this
36:44
Speaker 1: was deep. Let me know what you think. Spread the
36:46
Speaker 1: word that's hard a conversation. Go to Operation Help get
36:49
Speaker 1: your financial literacy counseling from my team and Hope in
36:52
Speaker 1: side locations and three hundred locations across the country. Pick
36:56
Speaker 1: up my book of Financial Literacy for All, which is
36:58
Speaker 1: now out and debuted number one on economics and a
37:01
Speaker 1: couple of other categories. Thank you all who supported it.
37:04
Speaker 1: It is your weekly workshop toolbox as you sit down
37:09
Speaker 1: and have a discussion every week about money with your
37:11
Speaker 1: family at the kitchen table, and there's a bunch of
37:13
Speaker 1: tools coming out tied to that, but it starts with
37:15
Speaker 1: the book Yeah, take your life back. It starts with
37:18
Speaker 1: making that decision. I believe in you do you yo? Yo.
37:34
Speaker 1: This is John O'Bryant and this is Money and Wealth
37:36
Speaker 1: on the Black Effect Network. And we have a great
37:40
Speaker 1: fan question today billionaire Underscore Freddy from Instagram what a
37:47
Speaker 1: great inspiring Instagram handle? A billionaire Underscore Freddie at Instagram says,
37:52
Speaker 1: what's one surefire away to generate cash flow with one MBB? Well,
37:59
Speaker 1: that answer is is fairly actually obvious and interesting to
38:03
Speaker 1: you because it's part of one MBB. One MBB is
38:06
Speaker 1: one Million Black Business Initiative, which Operation Hope launched after
38:10
Speaker 1: George Floyd's murder, and it is committed to creating a
38:14
Speaker 1: million black businesses by twenty thirty and we already have inspired, created,
38:19
Speaker 1: nurtured and supported over four hundred thousand black businesses, which
38:22
Speaker 1: would be about twelve percent of all black businesses in America.
38:27
Speaker 1: Yay for Operation Hope. And the way you would do
38:31
Speaker 1: it is to get to it. You would if you
38:34
Speaker 1: have a barbershop or any physical business, as I said,
38:38
Speaker 1: you make money during the day, you build wealth win
38:41
Speaker 1: now in your sleep. So you would say you have
38:43
Speaker 1: a barbershop business, and right now somebody has to call
38:47
Speaker 1: you while you're doing the cut. Now you can apply
38:50
Speaker 1: this to any kind of business, restaurant, whatever it is.
38:52
Speaker 1: You're like, okay, you're doing the cut, and they say,
38:56
Speaker 1: can I get an appointment? Let me get to my
38:58
Speaker 1: appointment book. I can't really talk right now, I'm doing
39:01
Speaker 1: the cut. Can I call you back? What's your number?
39:03
Speaker 1: Can you call me back? They'd never call you back
39:05
Speaker 1: because they're going to the airport to catch a flight.
39:08
Speaker 1: What you want is for that person to be on
39:10
Speaker 1: the flight. It's midnight, and they should be able to
39:14
Speaker 1: search your business online from the plane. Wireless Internet is
39:18
Speaker 1: on most planes. Now. I know this example because I
39:22
Speaker 1: use this process myself going into the city or barbershops
39:26
Speaker 1: for black barbershops in New York City as an example,
39:29
Speaker 1: or in Harlem or wherever the name of your shop
39:32
Speaker 1: would come up because it will be registered through Shopify,
39:34
Speaker 1: our partner for one MBB, which we give you the
39:37
Speaker 1: account for free for four months, and we give you
39:39
Speaker 1: a website, domain name, payment systems, delivery system support, business
39:44
Speaker 1: plan support, all that through one me and Black Business
39:47
Speaker 1: Initiative counseling and coaching on the back end on e
39:51
Speaker 1: commerce as well. Anyway, in this example, they know they
39:54
Speaker 1: can now go onlines, go to the scheduling app schedule
39:57
Speaker 1: and appointment. Now you're sleep it's midnight or at home,
40:00
Speaker 1: schedule an appointment for their haircut. Put their credit card up,
40:05
Speaker 1: so now you're the business. Whether they cancel or not,
40:08
Speaker 1: there's a twenty percent or fifty percent cancelation fee, So
40:11
Speaker 1: they would lose that amount of money if they don't
40:14
Speaker 1: show up, and that goes into your cash register while
40:17
Speaker 1: you're sleeping cash flow. While they're on your site. You're
40:20
Speaker 1: now saying now that thank you for booking your appointment.
40:22
Speaker 1: Do you need a wave cap? Do you need a brush?
40:26
Speaker 1: Do you need conditioner? And they ordered items from you,
40:30
Speaker 1: and what might have been a simple haircut for seventy
40:33
Speaker 1: five bucks, fifty bucks whatever it is, you know, might
40:36
Speaker 1: end up being one hundred and fifty two hundred, three
40:38
Speaker 1: hundred dollars order. Maybe even have a subscription service tied
40:42
Speaker 1: to the business where you're teaching hair conditioning or hair
40:47
Speaker 1: growth or hair stabilization techniques. In this case, the black
40:51
Speaker 1: men that can somebody can subscribe to that you know,
40:53
Speaker 1: become a subscript subscriber for five bucks a month or
40:56
Speaker 1: whatever it is. So now you've got cash flow profit
41:00
Speaker 1: and little wealth creation because you've built money. You've made
41:03
Speaker 1: money in your sleep. Billionaire underscore Freddy from Instagram. I
41:07
Speaker 1: hope this has been steady, Freddy. I hope this has
41:10
Speaker 1: been good advice for you. All of you don't know
41:14
Speaker 1: what MBB is, Go and sign up. It will change
41:17
Speaker 1: your life. It's a commitment from one hundred and thirty
41:19
Speaker 1: million dollars from Shopify's founder to be an Operation Hope
41:22
Speaker 1: to create black businesses in this country. And it's working
41:26
Speaker 1: and it's completely no cost to you. Invest your time
41:30
Speaker 1: and energy and we do the rest. We get your
41:33
Speaker 1: credit score up, your debt down, your savings up, help
41:35
Speaker 1: you with a business plan, etc. You go to you
41:37
Speaker 1: download the Hope and Hand app on your Android or
41:40
Speaker 1: Apple platform. You can call our toll free line for
41:43
Speaker 1: Operation Hope, and you can go online Operation dot Org.
41:47
Speaker 1: I also encourage you to buy this book, Financial Literacy
41:50
Speaker 1: for All, which is now a bestseller. It's on all
41:52
Speaker 1: platforms including black bookstores, by the way, but you can
41:56
Speaker 1: get this book now on Amazon, number one in several
42:00
Speaker 1: categories in the world on economics and business, finance, etc.
42:04
Speaker 1: And that is your toolbox at the kitchen table as
42:06
Speaker 1: you transform your life, your families, and in this example,
42:09
Speaker 1: your business. You don't want to confuse business with busyness,
42:13
Speaker 1: our profit with cash flow, as my dad unfortunately did.
42:17
Speaker 1: I tell that story in the book. All Right, piece
42:19
Speaker 1: and light love, Let's go. This is John O'Brien on
42:22
Speaker 1: money and wealth. I'm out Money and Wealth with John
42:39
Speaker 1: O'Brien is a production of the Black Effect Podcast Network.
42:42
Speaker 1: For more podcasts from the Black Effect Podcast Network, visit
42:46
Speaker 1: the iHeartRadio app, Apple Podcasts, or wherever you listen to
42:50
Speaker 1: your favorite shows. The Protect