Latest / Money And Wealth With John Hope Bryant / The New Game Is Money

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The New Game Is Money · Money And Wealth With John Hope Bryant

0:00
Speaker 1: Welcome the Money in Wealth with John Hobryant, a production
0:03
Speaker 1: of the Black Effect Podcast Network and iHeartRadio. Hey, Hey
0:15
Speaker 1: is John Hobryant? And this is Money and Wealth. What
0:19
Speaker 1: if I told you you could win this game, this
0:22
Speaker 1: game called life? What have I told you that? What
0:25
Speaker 1: have I told you that it is set up for you? Yes,
0:28
Speaker 1: maybe not to win, but I can give you the
0:31
Speaker 1: tools to turn that around. Now and I'm going to
0:36
Speaker 1: be provocative, well, not provocative to me, but it'll be
0:38
Speaker 1: provocative to everybody who thinks the world is set against
0:41
Speaker 1: them and tell you it's not racial. Now, I'm about
0:46
Speaker 1: to start a lot of fights because we know that
0:49
Speaker 1: racism is real, and there are countless civil rights organizations
0:54
Speaker 1: that spend their time every day fighting racial discrimination. And
1:01
Speaker 1: so is John Bryant saying that that's not real. Is
1:05
Speaker 1: John O'Brien saying that that's somehow, some kind of a game.
1:09
Speaker 1: Is John O'Brien saying that their time is coming on? No,
1:14
Speaker 1: racism is like rain. It's either falling somewhere or as gathering.
1:20
Speaker 1: So you might as well get out an umbrella and
1:22
Speaker 1: a color you like and start strolling through it, because
1:25
Speaker 1: it's not going to change. So you must. You've got
1:29
Speaker 1: to adapt, you've got to change, you've got to flow,
1:33
Speaker 1: you've got to upgrade your software. I'm going to reference
1:37
Speaker 1: Malcolm X. Malcolm X said, we've been bamboozled, We've been tricked,
1:41
Speaker 1: we've been fooled. And while that is from the nineteen
1:46
Speaker 1: sixties and related to civil rights, and I'm talking about
1:49
Speaker 1: silver rights. And by the way, everybody should pick up
1:51
Speaker 1: my book Financial Literacy for all number one best seller
1:54
Speaker 1: in the country, one of very few best selling books
1:57
Speaker 1: on business and economics by a person of color, although
2:00
Speaker 1: books for everybody. That's the primer for this conversation, pre
2:06
Speaker 1: post and even during. I want that book underline and
2:09
Speaker 1: highlighted throughout. But what if I told you that. I mean,
2:15
Speaker 1: the thing about racism is it's like hurting cats, It's
2:20
Speaker 1: like hugging jello. I can't get into somebody's heart and
2:25
Speaker 1: change how they feel about you, But I can get
2:28
Speaker 1: in your head and change how you feel about yourself.
2:31
Speaker 1: I can get into your head and as a result
2:33
Speaker 1: of that, get into your thought process and your habits
2:36
Speaker 1: and your pocket and change how you operate in this world.
2:40
Speaker 1: And to turn the nose that you normally get into
2:43
Speaker 1: opportunities and turn them into yeses, and in so doing
2:47
Speaker 1: this will change your life. So I'm talking about changing
2:51
Speaker 1: your life, not changing somebody else's life, not changing somebody
2:54
Speaker 1: else views, but views you or flows you.
2:57
Speaker 2: Again.
2:58
Speaker 1: Quincy Jones, one of my dear friends, would say, the
3:02
Speaker 1: music producer, not one ounce of my self esteem and
3:04
Speaker 1: self respect depends on your acceptance of me. So I've
3:09
Speaker 1: already said that racism like rain, it's either fall in
3:11
Speaker 1: someplace or it's gathering. You might as well get out
3:14
Speaker 1: of an umbrella in the color you like it starts
3:16
Speaker 1: strolling through it because it's not going to change, so
3:19
Speaker 1: you must.
3:21
Speaker 2: I remember.
3:23
Speaker 1: When I found an operation Hope. I love history, and
3:27
Speaker 1: I would think about, gee, what would doctor King have
3:32
Speaker 1: dealt with in this situation follow the Rodney King riots
3:35
Speaker 1: in nineteen ninety two in south central LA. Of course
3:37
Speaker 1: he would have been he would have killed it. He
3:39
Speaker 1: would have had solutions, he would have had a strategy,
3:42
Speaker 1: you know that one that there's no question about that.
3:46
Speaker 1: But I remember saying, very respectfully, very respectfully, in some
3:50
Speaker 1: ways he would He had an easier challenge in the
3:53
Speaker 1: midst of the civil rights movement, and again civil rights
3:56
Speaker 1: is essential. So I don't wan anybody walking away from
3:59
Speaker 1: this thinking that John Bryant saying it's one or the other. No,
4:02
Speaker 1: I'm saying it's both. The issue is a not or right.
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Speaker 1: You need civil rights and civil rights, you need protections,
4:10
Speaker 1: but you also need opportunity.
4:12
Speaker 2: Right.
4:13
Speaker 1: So what I'm saying is that we have built up
4:17
Speaker 1: institutions in the streets. Now we need access to the suites.
4:21
Speaker 1: We've got a bunch of organizations and institutions that have
4:26
Speaker 1: at least the minority in underserved communities.
4:28
Speaker 2: I'm talking about.
4:28
Speaker 1: Although this advice is going to give you for everybody,
4:31
Speaker 1: by the way, but if you're a minority listening to this,
4:34
Speaker 1: if you're a black person listening to this, if you're
4:36
Speaker 1: a brown person listening to this, you're a woman listening
4:39
Speaker 1: to this, you understand that there are unnatural barriers that
4:42
Speaker 1: you've been dealing with. And there are tons of organizations
4:45
Speaker 1: God bless them and thank God for them that have
4:48
Speaker 1: been put in place that are doing God's work. Those
4:52
Speaker 1: are organizations that are built and organized around red rooms
4:57
Speaker 1: keeping bad things from happening to good people. What we
5:01
Speaker 1: need now are a bunch of green rooms helping good
5:08
Speaker 1: things to happen to good people, opening doors, not just
5:13
Speaker 1: fighting wars. We don't have green rooms. I'm talking about
5:20
Speaker 1: black people in particular. Now, there's one video that I did.
5:23
Speaker 1: I spoke at the Milking Conference and Nicole Valentine was
5:28
Speaker 1: a moderator of this panel with a bunch of battles
5:32
Speaker 1: on it at the milk In Conference, and I happen
5:34
Speaker 1: to say, is part of my remarks that I wanted
5:38
Speaker 1: to be the Federal.
5:38
Speaker 2: Reserve of the Hood.
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Speaker 1: I believe Jay Brown was also on that panel, who
5:44
Speaker 1: I really expect co founder and vice sherman of Rock Nation,
5:47
Speaker 1: Jay Brown. But I remember saying that I wanted to
5:50
Speaker 1: become the federal Reserve of the Hood, that I wanted
5:52
Speaker 1: operation to helpe to become the fed of the Hood.
5:55
Speaker 1: And that video has gotten now millions and millions millions
5:58
Speaker 1: of views, and to me it was just common sense,
6:01
Speaker 1: but for many it was enlightenment. I don't know, And
6:06
Speaker 1: it got me thinking, how again, going back to doctor
6:10
Speaker 1: King's plight and with my mentor ambassador Andrew Young right
6:15
Speaker 1: next to him to the right, at every step of
6:19
Speaker 1: the way, and during the movement they were dealing with
6:21
Speaker 1: love and hate. Somebody will tell you I love you
6:23
Speaker 1: or I hate you very specifically. And what I said
6:26
Speaker 1: in nineteen ninety two when I found an Operation Hope
6:29
Speaker 1: in south central Los Angeles after the Rotteney King riots
6:32
Speaker 1: was I don't think that the new issue is love
6:35
Speaker 1: or hate. That's not the new primary problem. The new
6:38
Speaker 1: primary problem is radical indifference, that no one cares enough
6:42
Speaker 1: about you to hate you. Increasingly, the risk, was I
6:47
Speaker 1: thought in nineteen ninety two, is that no one cares
6:50
Speaker 1: enough about you to actually hate you. It's not love
6:55
Speaker 1: or hate anymore. I thought in the future the risk
6:58
Speaker 1: was but radical and different. That it's just like whatever.
7:02
Speaker 1: And if you look at thirty years later, look at
7:05
Speaker 1: what's going on today. Unfortunately, that is front end center.
7:11
Speaker 1: And so when I say the new discrimination is not
7:14
Speaker 1: primarily racial, it's economics. It's about the money. When I
7:19
Speaker 1: say I'm gonna help you learn how to get the
7:20
Speaker 1: green and that that I don't want to use word trumps,
7:26
Speaker 1: but that over overrides and cannibal ride the black and
7:30
Speaker 1: the white and the red and the blue. That's what
7:33
Speaker 1: I mean. I'm not saying racism isn't real, saying bias
7:37
Speaker 1: is not real. I'm saying over the rounded through it,
7:39
Speaker 1: we're gonna get to it. I'm gonna say something quite
7:41
Speaker 1: controversial here. Black people need a Black Jewish business plan. Yes,
7:46
Speaker 1: I said it. That there is only about fifteen million
7:50
Speaker 1: Jews in the world of eight billion, but they're a
7:52
Speaker 1: household name there. Last time I checked about twenty five
7:55
Speaker 1: percent of the ASCID value of this country. I think
8:00
Speaker 1: that's right, the last time I checked the asset base
8:03
Speaker 1: of this country. Even though they're I don't know, two
8:07
Speaker 1: three percent maximum of the population in this country, and
8:15
Speaker 1: they've got their own country, literally very small country, but
8:20
Speaker 1: like the Vatican, very influential. Do you know, the Vatican
8:24
Speaker 1: is probably one of the most powerful banks in the world.
8:29
Speaker 1: So even though Jews have been discriminated against, and we're
8:33
Speaker 1: seeing it in this day, in this time, they've also
8:38
Speaker 1: created a bulkworth. They've created a defense against that, a
8:44
Speaker 1: defensive line that's also an offensive line. And it's called
8:49
Speaker 1: wealth and opportunity. And I want that for Black America.
8:54
Speaker 1: Black America does not have plumbing. We don't have economic plumbing.
9:00
Speaker 1: And that's a problem when we are a one point
9:05
Speaker 1: five trillion dollars plus economic force. But most of that
9:09
Speaker 1: ninety two percent of that is consumer spending. That's a problem.
9:14
Speaker 1: And so we need a business plan for Black America.
9:18
Speaker 1: All people need a business plan, but certainly Black America. Again,
9:22
Speaker 1: my Jewish brothers and sisters, in spite of the discrimination
9:27
Speaker 1: and racism come in their way.
9:29
Speaker 2: Have created an environment where it's painful, it hurts.
9:36
Speaker 1: To attack them. It's not good business. It's not good
9:39
Speaker 1: for your business, it's not good for your brand, and
9:41
Speaker 1: not you know, they both have a powerful wealth creation
9:45
Speaker 1: in multiple industries, I might add, and powerful philanthropy which
9:51
Speaker 1: they can direct and use as a defense. And I
9:58
Speaker 1: want to now go go to the core of this
10:01
Speaker 1: for you. I said something pretty powerful here, Why and
10:06
Speaker 1: how the new game of money that is the center
10:09
Speaker 1: of your life, and how that is more important than
10:15
Speaker 1: even the racial barriers that face you. Let me now
10:18
Speaker 1: first make the primary point and grounded in the history.
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Speaker 1: Somebody's going to listen to this and go watch this
10:26
Speaker 1: and say he's wrong. Racism discrimination is rooted in slavery.
10:33
Speaker 1: As an example, No, slavery was about money. Slavery was
10:39
Speaker 1: how do I build a country for free using the
10:43
Speaker 1: best labor and the best intellect. On this topic, in
10:46
Speaker 1: the world. What do you mean by that Slavery was
10:50
Speaker 1: rooted in an agrarian era. In other words, you made
10:54
Speaker 1: your money through farming land and the crops of that day.
10:58
Speaker 1: Tobacco and other things were in southern states and in
11:02
Speaker 1: regions of the Caribbean, etc. Where it's hot, it's often humid,
11:08
Speaker 1: hard to work in these environments, rough work conditions. But
11:12
Speaker 1: more importantly, the soil has been beaten up and looks
11:16
Speaker 1: like it's dead, but that's where these crops are inclined
11:20
Speaker 1: to grow. How do you bring these land areas back
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Speaker 1: to life? Who is that talent? The poor white immigrants
11:27
Speaker 1: that came from England said, the heck with that. England
11:30
Speaker 1: brought poor whites, Yes, poor whites over here. White folks
11:36
Speaker 1: who are white, wealthy who are given titles and land
11:39
Speaker 1: and mandates, brought poor whites from England. Yes, and the
11:43
Speaker 1: criminals they sent to Australia by the way, they brought
11:46
Speaker 1: poor whites here and put them to work. And poor
11:49
Speaker 1: whites were like, no, we're not doing that, We're not
11:52
Speaker 1: feeling that at all. So they had to find and
11:55
Speaker 1: they didn't have the expertise. Also, so there's another story
11:59
Speaker 1: to this because blacks and whites. Poor blacks and poor
12:01
Speaker 1: whites were friends in the sixteen hundreds. There's another on
12:05
Speaker 1: my podcast where I get into this, and you should
12:07
Speaker 1: check that out. She listened to the whole every episode,
12:10
Speaker 1: but certainly check that out. And I believe I also
12:11
Speaker 1: covered that in my book Financial Literacy. For all of
12:13
Speaker 1: how blacks and poor blacks and poor whites were friends
12:16
Speaker 1: and over money and power posician in the world, they
12:18
Speaker 1: were divided. This is the sixteen hundreds. The first indentured
12:21
Speaker 1: servants in America were both black and white. Okay, back
12:24
Speaker 1: to the story.
12:25
Speaker 2: So they went the.
12:31
Speaker 1: Billionaires of that day, the economic chieftains said, where are
12:35
Speaker 1: there people who have this talent for the land Africa?
12:41
Speaker 1: So they went to Africa and found people who could
12:43
Speaker 1: bring dead soil to life, and they brought them here.
12:47
Speaker 1: But they didn't need the attitude, they didn't need the drama.
12:49
Speaker 1: They needed the self esteem. The conference they built literally
12:52
Speaker 1: beat the self esteem out of us. And again this
12:57
Speaker 1: is I don't want to get into too deep onness.
12:59
Speaker 1: I'll do a separate podcasts just on unpacking slavery and
13:02
Speaker 1: Jim Crow and how we got here. But to make
13:05
Speaker 1: this point, because I did another podcast where I said
13:07
Speaker 1: that black Africans and Black Caribbeans tend to have whenever
13:10
Speaker 1: you generalize, you discriminate, Yes, but generally speaking, they tend
13:14
Speaker 1: to have higher self esteem and lower levels of confidence
13:16
Speaker 1: because they have intact family structures. They slavery didn't exist
13:20
Speaker 1: in these places for long periods of time. They had
13:23
Speaker 1: again mom and dad at home. They had the dentists,
13:25
Speaker 1: a lawyer, or the government leaders. The business leaders were
13:28
Speaker 1: all black like them for as long as they can remember,
13:31
Speaker 1: and the criminals were black like them too. It was
13:33
Speaker 1: you know, fair exchange and no robbery environment. Everybody looked
13:38
Speaker 1: like them, and so they had high self esteem okay,
13:41
Speaker 1: but low levels of confidence because those are not growing
13:43
Speaker 1: economies where you competed at the highest level. Black African
13:47
Speaker 1: Americans who had all that drama and who had the
13:50
Speaker 1: self esteem beaten out of them literally, and they couldn't
13:52
Speaker 1: protect their wife, couldn't protect their children quite literally, weren't educated.
13:56
Speaker 1: Kept these things were illegal to give to people of color,
13:59
Speaker 1: black people specifically at that time. They ended up having
14:03
Speaker 1: low self esteem but high confidence because they succeeded in
14:07
Speaker 1: spite of that in the biggest economy on the planet,
14:09
Speaker 1: the United States of America. So after Americans tend to
14:12
Speaker 1: have higher levels of confidence and lower levels of self esteem,
14:16
Speaker 1: whereas that Black Africans and Black Caribbeans tend to have
14:19
Speaker 1: higher levels of self esteem and lower levels of confidence.
14:22
Speaker 1: Confidence is competence leaned into the world market. So the
14:26
Speaker 1: first thing that we thought was about race alone, Ashley
14:30
Speaker 1: was about money, primarily, which was slavery. Let me now
14:34
Speaker 1: fast forward to today. This is not meant to be
14:36
Speaker 1: a history lesson. It's meant to be a guidepost for you.
14:40
Speaker 1: So again, I may I've said something pretty powerful here
14:43
Speaker 1: that the game today is mostly about money. Let's look
14:58
Speaker 1: at our politics. This is a joke, but unfortunately a
15:02
Speaker 1: lot of jokes are based in reality. For the longest time,
15:05
Speaker 1: I mean, you know, decades and decades and decades and decades,
15:11
Speaker 1: mayors of big cities were white. The joke is that
15:16
Speaker 1: once the city started to go broke, they handed it
15:18
Speaker 1: to a black man or a black woman. Okay, well
15:21
Speaker 1: we've done with this. Now you you can revive it
15:23
Speaker 1: or kill it or whatever. Right, And it went all
15:27
Speaker 1: the way to the presidency. The country was broke, the
15:29
Speaker 1: country was on his was on his knees and they
15:33
Speaker 1: gave a black man a shot. He did a great
15:34
Speaker 1: job with it. By the way, President Barack Obama. That's
15:37
Speaker 1: a joke, but there's some always a little bit truth
15:41
Speaker 1: in every joke. But also that there was a.
15:44
Speaker 2: Signal there that that.
15:46
Speaker 1: That really the game was economic when doctor King was going,
15:49
Speaker 1: so people were pivoting toward money. They were like, Okay,
15:52
Speaker 1: politics is good, but that's I'm not can' I can't
15:54
Speaker 1: get rich in politics. You know, it's about the money
15:56
Speaker 1: unless you want to go to jail. When doctor King
15:58
Speaker 1: was marching within the South, and Andrew Young was helping
16:00
Speaker 1: my mentor Ambassador Andrew Young and others, doctor Dorothy Hyde,
16:05
Speaker 1: Missus King, etc. Doctor King would shut down the economy marching,
16:11
Speaker 1: which was sorry, Doctor King would march and thus shut
16:14
Speaker 1: down the economy because two thirds of the customers in
16:17
Speaker 1: these small towns were black.
16:19
Speaker 2: Hello. So even though the.
16:23
Speaker 1: Back of the bus situation was certainly racial and really
16:26
Speaker 1: about class by the way keeping people in their place,
16:30
Speaker 1: so to speak, doctor King made it about the green
16:34
Speaker 1: because when he shut down the economy by protesting, it
16:38
Speaker 1: hurt the business people's wallets because every customer where they're
16:43
Speaker 1: in the front of the bus or the back was
16:45
Speaker 1: using the same currency, which was green. And so when
16:48
Speaker 1: sixty percent of your customers say I'm going to do
16:51
Speaker 1: a black taxi, no punt attended to black taxi, which
16:54
Speaker 1: is now uber and lyft. By the way, they were
16:56
Speaker 1: using their own cars to drive people around because they
16:59
Speaker 1: were not going to participate in a racist system, an
17:02
Speaker 1: unfair system, a system biased to gets them. The business leaders. Ultimately,
17:11
Speaker 1: after this pressure in these cities, doctor King would send
17:16
Speaker 1: Andrew Young in too. You know, if there's several weeks
17:19
Speaker 1: of protesting and shutting down the economy, doctor King would
17:21
Speaker 1: send Andrew Young with a business suit on to cut
17:24
Speaker 1: a business deal with one hundred business leaders in town.
17:27
Speaker 1: He cut a deal with any one hundred business leaders
17:29
Speaker 1: in any town. You can turn it around and he's
17:31
Speaker 1: send that the cenebasi Young and me to meet quietly
17:34
Speaker 1: behind closed doors with one hundred business leaders. Cut a
17:37
Speaker 1: deal to get to take down the whites only signs.
17:39
Speaker 1: Cut a deal to take down the stupid policies. Cut
17:42
Speaker 1: a deal to integrate the lunch counter, and so on
17:45
Speaker 1: and so forth. Doctor King's philosophy. This is not his quote,
17:48
Speaker 1: but it's a quote I use all the time that
17:51
Speaker 1: he talk without being offensive, listen without being defensive, and
17:55
Speaker 1: always leave even your adversary with their dignity, Doctor King.
17:59
Speaker 1: Unlike some leaders today who just want to hurt people
18:02
Speaker 1: and they want them to feel the pain, and that's
18:05
Speaker 1: their payoff, I guess, although they're not getting anywhere, Doctor
18:08
Speaker 1: King wanted win, win. He even wanted his adversaries to win.
18:11
Speaker 2: Again.
18:13
Speaker 1: Talk without being offensive, Listen without being defensive, always leave
18:16
Speaker 1: even your adversary with their dignity because if you don't,
18:18
Speaker 1: let's spend the rest of their life trying to make
18:20
Speaker 1: you miserable. It becomes personal. So doctor King would not
18:25
Speaker 1: humiliate the business leaders in public. His problem was was
18:29
Speaker 1: challenged was with the government leaders, primarily the mayors and
18:33
Speaker 1: the governors, who would stand in the hallway and say,
18:35
Speaker 1: over my dead body. The business leaders were just using
18:39
Speaker 1: lazy morals, lazy ethics and whatever whatever. Maybe they were
18:42
Speaker 1: racist to Doctor King would send Andrew Young and their
18:45
Speaker 1: then Andrew would cut that deal. This is why doctor
18:48
Speaker 1: King never wanted Andrew Young arrest it Ever, maybe I'll
18:52
Speaker 1: tell that story of how doctor King even hired Andrew Young.
18:55
Speaker 1: I think it's relevant to this podcast and the one
18:58
Speaker 1: hundred busines leaders would say if I we'll just get
19:00
Speaker 1: our customers back, which means get our revenue going again, right,
19:04
Speaker 1: And that's what would happened in most of these deals.
19:07
Speaker 1: They'd cut a deal and then and then the mayors
19:09
Speaker 1: would go talk. Sorry, the business leaders would go talk
19:11
Speaker 1: to the mayor and say, okay, knock it off. Enough
19:13
Speaker 1: of this stuff. So the business agenda drove the public
19:16
Speaker 1: policy agenda. If you want to call it that way,
19:20
Speaker 1: describe it that way. Let me now explain how Andrew
19:24
Speaker 1: Young and Baston Young got to doctor King. And then
19:27
Speaker 1: I'm going to come to the present day and give
19:28
Speaker 1: you some examples today of how this is all around
19:31
Speaker 1: you and you're just not seeing it and what you
19:33
Speaker 1: can do about it. It's positive because doctor King s
19:39
Speaker 1: and Andrew Young in there to solve problems of the streets,
19:43
Speaker 1: retail access, you know, public accommodations, public transportation. I'm trying
19:48
Speaker 1: to create a new constituency of one hundred business leaders
19:50
Speaker 1: in every town in the suites civil rights to seal
19:54
Speaker 1: for rights. Civil rights. By the way, do you know
19:56
Speaker 1: that the first reserve currency of the United States of
19:59
Speaker 1: America was not old It was silver? Uh, there's no
20:02
Speaker 1: reserve currency now at the currency's unhinged to.
20:07
Speaker 2: Go to arts or whatever. But it was originally silver.
20:09
Speaker 1: Silver was was originally selected as a reserve currency for
20:13
Speaker 1: the US and my silver rights.
20:16
Speaker 2: It's just a coincidence.
20:17
Speaker 1: So doctor King Uh met Ambassador Young and wanted him
20:20
Speaker 1: to work with him, and sent Ambassador Young to his
20:23
Speaker 1: office in Atlanta. And it showed that Doctor King always,
20:26
Speaker 1: you know, was out given speeches and whatever in traveling,
20:28
Speaker 1: so we wasn't at the office often. So Doctor King
20:31
Speaker 1: is a little known story. By the way, you're getting
20:32
Speaker 1: an inside track here. I don't believe this is actually
20:35
Speaker 1: written anywhere, so you're getting a real special one. I
20:37
Speaker 1: got this directly from Ambassador Young. Of course, he's my mentor,
20:41
Speaker 1: the Nelson Mandela of our times in the world. Built
20:44
Speaker 1: the biggest economy in the South, Atlanta, Georgia, into the
20:46
Speaker 1: only international city in the South, the only mayor ever
20:50
Speaker 1: mentored by doctor Marle King Junior bastardor Andrew Young. If
20:53
Speaker 1: you don't know his legacy, please look it up research.
20:56
Speaker 1: He's amazing. So doctor King Uh tells Andrew Young, go
21:00
Speaker 1: go to my office and get to work. Please help
21:03
Speaker 1: us with the civil rights movement. So he goes to
21:06
Speaker 1: Atlanta and he runs into Abernathy and others and they're like, no,
21:10
Speaker 1: we're good.
21:11
Speaker 2: Doctor.
21:11
Speaker 1: He's always sending people here. But the offices are all full.
21:14
Speaker 1: Everybody's got a seat, there's no place for you to sit.
21:17
Speaker 2: Goodbye.
21:19
Speaker 1: So and Basside Young says well okay and leaves. Then
21:24
Speaker 1: Andrew Young Whereverend Andrew Young back then? And so he
21:29
Speaker 1: gets back and doctor King didn't like conflict, by the way,
21:31
Speaker 1: and an interesting did he hated conflict, which has also
21:34
Speaker 1: proved another asset from Andrew Young to doctor King, which
21:37
Speaker 1: I'll maybe mention that in this podcast. So he goes
21:42
Speaker 1: back to his church, he tells them the story and they,
21:45
Speaker 1: the church leaders, like okay, we can fix this, and
21:47
Speaker 1: so they create a grant that was designed to teach
21:52
Speaker 1: civil rights leaders, train them in civil rights, non train
21:55
Speaker 1: them a non violent protesting, et cetera, et cetera, trained
21:59
Speaker 1: civil rights leaders. And so they gave Andrew Young a
22:02
Speaker 1: portable grant. The grant only went with him. It was
22:06
Speaker 1: for SCLC, but it needed Andrew Young as the representative
22:10
Speaker 1: of the church to go teach this philosophy. So when
22:14
Speaker 1: doctor King, so and Andrew Young showed back up to
22:16
Speaker 1: the office for SELC. He had money with him, He
22:19
Speaker 1: had a salad. Well, I'm getting a hit of myself,
22:21
Speaker 1: which included his salary. Yes, but I'm getting hit of myself.
22:24
Speaker 1: So now they're like, oh, yeah, you got some money. Yeah,
22:26
Speaker 1: sit right there, right, that's what doctor King's that sit
22:29
Speaker 1: right there. So now when Abernatheine others got angry with
22:32
Speaker 1: Andrew Young, this again became why one of the reason
22:35
Speaker 1: that the best Young became so valuable to doctor King,
22:37
Speaker 1: and he never wanted them arrested. Doctor he never wanted
22:39
Speaker 1: Andrew Young arrested, for which Andrew Young got teased about
22:41
Speaker 1: later by other civil rights leaders. I think it was jealousy.
22:44
Speaker 1: By the way, it's nothing to get arrested. There's nothing
22:48
Speaker 1: special by getting arrested. I mean, it's morally appropriate and
22:52
Speaker 1: be proud of standing up for what's right. But if
22:54
Speaker 1: you cannot get arrested and get your problem solved, in fact,
22:57
Speaker 1: you can win the war, not just the battle, and
22:59
Speaker 1: not get arrested. That as I'm about to explain to
23:01
Speaker 1: you even better right again, upgrading our software. We need
23:06
Speaker 1: the streets and the suites, we need civil rights and
23:08
Speaker 1: civil rights. We need people who are willing to get
23:10
Speaker 1: arrested so somebody can then, you know, open the door
23:14
Speaker 1: to opportunity. So you never have to worrybout getting arrested
23:16
Speaker 1: ever again, unless youre getting arrested by opportunity. So doctor
23:22
Speaker 1: King goes on and travels again. Well, now Andrew Young
23:25
Speaker 1: would see things going on in the office, He's like, no,
23:26
Speaker 1: that's not right, No, we shouldn't do that. And before
23:30
Speaker 1: Abnathy and others could just fire Andrew Young or tell
23:33
Speaker 1: me to go away. But now Andrew Young had his
23:36
Speaker 1: own money, he had his own he had his own salary.
23:39
Speaker 1: I think he was the only one in that office
23:41
Speaker 1: who was not paid for by on the payroll of
23:43
Speaker 1: SCLC under the control of those who were around the
23:47
Speaker 1: office when Andrew when doctor King wasn't there. So now
23:50
Speaker 1: Andrew Young has an independent voice because he had an
23:52
Speaker 1: independent pocket. Can I get an amen? Dropped the mic?
23:55
Speaker 1: An independent voice because he had an independent pocket. And
23:59
Speaker 1: now you can just tell our right the truth. But
24:00
Speaker 1: the truth is y'all crazy. And so doctor King relied
24:04
Speaker 1: on Andrew Young now to talk to the crazy people
24:06
Speaker 1: on the left and the right in the movement. Uh
24:08
Speaker 1: and in the office who are saying oftentimes crazy stuff,
24:11
Speaker 1: but had a colonel of a good idea, and he
24:13
Speaker 1: and because doctor King did not like conflict, he'd wait
24:16
Speaker 1: for Andrew Young to sort it all out and knock
24:19
Speaker 1: heads and and get and curse people out and get
24:21
Speaker 1: to the point where there were the colonel of this
24:23
Speaker 1: idea had been refined to a magic moment, and then
24:26
Speaker 1: he would then bring that idea to doctor King, and
24:28
Speaker 1: Doctor King would say yes, and let's go forward with
24:31
Speaker 1: the staff. And the only time Doctor King ever threatened
24:34
Speaker 1: to fire Andrew Young's when doctor when Andrew Young got
24:37
Speaker 1: frustrated and threw his hands up and like, oh, screw
24:40
Speaker 1: these crazy people. I'm not I'm not mess around with this,
24:42
Speaker 1: and and told Doctor King that and doctor King's will
24:44
Speaker 1: look at Andy, if you're not gonna do this, I
24:46
Speaker 1: don't need you like this. This is this is your job.
24:48
Speaker 1: This is what I need for you to sort this
24:50
Speaker 1: stuff out. And that's why he's the ambassador. He's a teacher,
24:55
Speaker 1: he's a facilitator. So he did it both inside the
24:58
Speaker 1: office and outside in the commune to the I've already
25:01
Speaker 1: a gain example of how he brought the business community
25:03
Speaker 1: together behind closed doors. And whenever you saw Doctor King
25:06
Speaker 1: and Andrew Young in photo together, and please you can
25:09
Speaker 1: search it. Whenever you looking for doctor King's photo, you'll
25:11
Speaker 1: see Andrew Young nine times out of ten right next
25:12
Speaker 1: to him. But he's never looking at the camera. He's
25:14
Speaker 1: looking up the ceiling, at the walls, looking left, right down.
25:17
Speaker 1: He's looking for threats. He never wanted to be Doctor
25:19
Speaker 1: King like other leaders. He wanted to be himself, but
25:22
Speaker 1: he wanted to protect his friend. But he understood that
25:25
Speaker 1: the money was really important. That's why he was able
25:28
Speaker 1: to bring those talents to Atlanta and turn Atlanta into
25:31
Speaker 1: the most educated city in the United States of America. Yes,
25:33
Speaker 1: that's the courting the Forbes advisors. Atlanta is the most
25:36
Speaker 1: educated city in the US. She's talking about Mayor Andrew Dickens.
25:39
Speaker 1: About that. Who's who's so proud of that? Good for
25:42
Speaker 1: good reason And the biggest economy in the traditional South
25:46
Speaker 1: with almost five n b and dollars a year in
25:48
Speaker 1: economic activity. Now, let's now bring this to today. And
25:57
Speaker 1: when I say, it's all around you. So in the
26:01
Speaker 1: old script, people would curse you out, they call you names,
26:05
Speaker 1: they would do things to keep you out of the
26:07
Speaker 1: public buildings, they would, you know, they drag you out
26:10
Speaker 1: in their heels. But today you can sue somebody. You can,
26:12
Speaker 1: you can sue their pants off if they dragged you out.
26:15
Speaker 1: They first of all, I get theres, get them arrested
26:17
Speaker 1: in social media, get them arrested. Then you get Then
26:20
Speaker 1: then the business gets zeroed out because of that bad publicity.
26:26
Speaker 1: And maybe you can even sue them if you had
26:28
Speaker 1: some harm and literally drill a hole in their economic pockets.
26:32
Speaker 1: Which again it's about money too. But now you have
26:35
Speaker 1: these community and by the way, but by the name
26:37
Speaker 1: of these communities, this is not racism, this is classism.
26:41
Speaker 1: These are people who just want what they want right.
26:43
Speaker 1: It's no different than our home. We have a gate
26:46
Speaker 1: around it and a private I used to leave in
26:48
Speaker 1: a gated community and there were I don't know, fifteen homes,
26:54
Speaker 1: twenty homes in this gay community. But I had to
26:58
Speaker 1: obey the HOA rules Homeowners Association. I had to I
27:03
Speaker 1: couldn't park a car on the street for more than
27:05
Speaker 1: two days. I couldn't park I couldn't have two cars
27:07
Speaker 1: in the driveway, which are by the way, great rules.
27:09
Speaker 1: It was about apparents. All that stuff but I didn't
27:11
Speaker 1: want anybody telling me if I was gonna have a party,
27:13
Speaker 1: had to tell people it was a community pool. I
27:15
Speaker 1: had to get notifications where we got in the water.
27:17
Speaker 1: I didn't want to do it all that stuff. I
27:18
Speaker 1: want't we get in the pool. I want to get
27:19
Speaker 1: in the pool. When I want to put a car
27:20
Speaker 1: in front of my house, and put a car in
27:21
Speaker 1: front of my house, well keep it there for a week.
27:23
Speaker 1: At two weeks eight, I want to do what I
27:24
Speaker 1: want to do. So I went and got my own
27:26
Speaker 1: gate and my own property, my own forty acres in
27:29
Speaker 1: a sprinter van where I control the rules. But by
27:33
Speaker 1: the way, that's also economic right. Civil rights gives you
27:38
Speaker 1: a lot of civil rights. So these communities are not racist.
27:46
Speaker 1: I've been in these communities. I did not pick up
27:48
Speaker 1: one ounce of racism. But they achieve another objective that
27:52
Speaker 1: might not be the problem of some people who are
27:56
Speaker 1: maybe not so progressive, who may live here and look
28:01
Speaker 1: at these look at these places up Sara and B
28:03
Speaker 1: here in Atlanta, see R E. M B E serenb.
28:08
Speaker 1: Outside of Atlanta, beautiful community restaurants, whatever, completely completely self
28:14
Speaker 1: contained schools, playhouses where they do plays.
28:19
Speaker 2: They may have moved.
28:20
Speaker 1: I think in a movie theater. They are horse barns.
28:22
Speaker 1: They've got restaurants, plural restaurants. They've got entertainment centers, creative centers,
28:28
Speaker 1: arts centers, schools, middle school, elementary school, high school. Of course,
28:34
Speaker 1: residents is homes for rent, homes to own. It's his
28:39
Speaker 1: own community. I'm gonna name some others. Well, Trilith, right,
28:43
Speaker 1: you know Trilith Communities. That's in Fayetteville. They just the
28:48
Speaker 1: second biggest movie studio in the country at Trilith t
28:51
Speaker 1: R I l U t h I believe it's spelled
28:55
Speaker 1: look that up on his way to be a billion
28:57
Speaker 1: dollar community. My friend Dan Cathy built that in Faynville,
29:01
Speaker 1: not close, not far from me. Thermal, now, this is
29:07
Speaker 1: a motorsports community in California outside of La but thermals deep. Like,
29:13
Speaker 1: you want to be a member of Thermal, you want
29:15
Speaker 1: to go race your car there. They only have two
29:17
Speaker 1: hundred and ten members. Two hundred and ten. They have
29:20
Speaker 1: seventy five homes that are there, one hundred and thirty
29:23
Speaker 1: five home lots.
29:24
Speaker 2: That's it.
29:25
Speaker 1: You've got to buy a lot when you become a member.
29:28
Speaker 1: The membership it's one hundred and seventy five thousand dollars
29:31
Speaker 1: initiation fee, twenty five hundred dollars a month membership fee,
29:36
Speaker 1: and you've got to agree to buy to build at
29:38
Speaker 1: least thirty thousand square for the house there. As I understand,
29:41
Speaker 1: those homes are worth between five to seven million dollars.
29:44
Speaker 2: The build costs.
29:46
Speaker 1: And yeah, you're not going there, broke. This is in California.
29:51
Speaker 1: Let's go back to some examples. The Hamptons. I was
29:54
Speaker 1: just in the Hamptons a few weeks ago. I mean,
29:56
Speaker 1: there's nothing in the Hampton's less than seven figures. In fact,
29:59
Speaker 1: seven figures.
29:59
Speaker 2: Get you a check.
30:01
Speaker 1: Most houses are five million on the low end, ten million,
30:04
Speaker 1: twenty million. Now you're talking right. I stayed in one
30:06
Speaker 1: when I was there, and I didn't see one black
30:08
Speaker 1: person in the Hamptons. And it wasn't because they had
30:11
Speaker 1: blacks keep out signs. It's expensive, expensive to live, their
30:14
Speaker 1: shop there, to go to dine there. The thing that's
30:18
Speaker 1: consistent about all these places I mentioned, and there's there's
30:20
Speaker 1: a bunch of more. It's expensive and it's hard to
30:26
Speaker 1: get there. It's inconvenient. It's not convenient to roll up
30:29
Speaker 1: to these places. But again it costs to whether you
30:33
Speaker 1: if you want to go to a restaurant, if you
30:35
Speaker 1: want to just dine, it's expensive. You know, it's about
30:37
Speaker 1: one hundred dollars, hundred dollars for lunch. And this is
30:40
Speaker 1: how they keep what you might call the riff raft out.
30:43
Speaker 1: I'm not calling your names unless you think your riff raft.
30:48
Speaker 2: And it works.
31:00
Speaker 1: Here's the image of what you have in your head.
31:02
Speaker 1: Because there's a There are five hundred communities I just mentioned.
31:05
Speaker 1: I just gave you four examples, gated communities, so private homes,
31:12
Speaker 1: private roads, private security, private schools, private planes, private cars,
31:23
Speaker 1: private lives, gated communities, toll roads, inconvenient.
31:29
Speaker 2: Access, high prices.
31:32
Speaker 1: It's a way to create an exclusive environment that excludes
31:37
Speaker 1: the drama, pulls all the stuff they don't want away,
31:42
Speaker 1: and attracts the green. Now, if you're black and you
31:45
Speaker 1: can afford that, we'll welcome. When I go to these places,
31:49
Speaker 1: no one ever says the thing to me but hello.
31:50
Speaker 1: When I was in the Hampton's two weeks ago, I
31:55
Speaker 1: literally did not see a black person unless they were
31:57
Speaker 1: a nanny occasionally a worker in the shops. I think
32:03
Speaker 1: I might say I saw a half dozen workers over
32:05
Speaker 1: three four days. But literally, it just was white people everywhere,
32:10
Speaker 1: and it wasn't and people couldn't be nice to me
32:12
Speaker 1: when I talked to him, So it wasn't there excluding us.
32:16
Speaker 1: It's just expensive and inconvenient, and maybe some people just
32:19
Speaker 1: feel like, ah, I'm good. I'm not. I don't feel
32:21
Speaker 1: the love. But it's no longer about lover hate. It's
32:25
Speaker 1: radical and different than no one cares enough about you
32:27
Speaker 1: to hate you. I remember I said in one of
32:30
Speaker 1: my books about President Reagan. I was in Harlem. This
32:34
Speaker 1: is twenty years ago, twenty five years ago, and his
32:36
Speaker 1: brothers like President Reagan is a racist. No, I don't
32:40
Speaker 1: think he's racist. I knew President Reagan were born in
32:42
Speaker 1: the same day his wife honored. Was he honored me,
32:46
Speaker 1: recognized me? At least? No, President Reagan's are racist. No,
32:50
Speaker 1: he's not my cup of tea. I think he you know,
32:52
Speaker 1: I'm not crazy about his policies when he was president,
32:54
Speaker 1: But I don't think he was a racist. No, he
32:56
Speaker 1: was a racist. I literally explained something to you. President
32:59
Speaker 1: Reagan didn't have no black friends then, at least that
33:01
Speaker 1: I was aware of, didn't have any black children, no
33:03
Speaker 1: black relatives. I didn't live in a black community, didn't
33:07
Speaker 1: grow up with a black experience, does not have a
33:11
Speaker 1: black environment. President Reagan, I'm gonna say this in present
33:15
Speaker 1: day as if he was alive, President Reagan, don't hate you.
33:18
Speaker 1: He ain't thinking about you, wasn't thinking about you. You
33:23
Speaker 1: were on not on his radar screen. He was just
33:25
Speaker 1: indifferent to you. Now, the only time he knew you
33:28
Speaker 1: was if you know, congressional leaders or black elect officials,
33:31
Speaker 1: or somebody or some recording artists, some celebrity said you
33:34
Speaker 1: were racist.
33:35
Speaker 2: You're a bad person around the Reagan.
33:36
Speaker 1: So now his only experience he wasn't very curious about
33:40
Speaker 1: cultural things like that, so he wasn't going to go
33:42
Speaker 1: try and find it. Now his new experience a black
33:45
Speaker 1: people is a negative one only, and so then he
33:48
Speaker 1: it just reaffirms his maybe already pre existing biases. So
33:52
Speaker 1: now he really doesn't want to be associated because nobody
33:55
Speaker 1: wants to be associated with somebody who's attacking them, whether
33:59
Speaker 1: you're racist, a nice person of the planet. So you're
34:01
Speaker 1: if the person has no experience with you whatsoever, but
34:04
Speaker 1: their first experience of you is you attacking them, they
34:06
Speaker 1: just shut down completely. So why do I tell you
34:12
Speaker 1: this story, because you don't have to live in this
34:15
Speaker 1: world and just take it. You can master it. This
34:20
Speaker 1: is why I love for you to get your credit right.
34:24
Speaker 1: Because when somebody cursed me out, or if they they don't,
34:28
Speaker 1: but if somebody was cursing me out or being mad
34:30
Speaker 1: to me at a restaurant, you know, I don't have
34:33
Speaker 1: to get upset with you. I can put my Americ
34:35
Speaker 1: Express card out, my Black America's Press card and knock
34:38
Speaker 1: you out with it without ever touching you. I can
34:40
Speaker 1: I can buy the not just pay for the bill.
34:41
Speaker 1: I can buy the restaurant with it. Like literally, there's
34:44
Speaker 1: no limit on the card.
34:46
Speaker 2: Over with you.
34:46
Speaker 1: Doesn't have to get upset with you. She just I
34:49
Speaker 1: mean she was on the board of I think it
34:51
Speaker 1: was Weight Watchers, and something happened when something went down
34:55
Speaker 1: where she didn't like what they were doing, and so
34:59
Speaker 1: U she made some moves that they didn't like, and
35:04
Speaker 1: so they said, well, we're gonna we don't appreciate you
35:07
Speaker 1: doing s y z oprah, So we're going to I
35:09
Speaker 1: just saw op a few weeks ago.
35:10
Speaker 2: I love her. We're gonna, you know, we don't want
35:15
Speaker 2: you to think to be our spokesman. Anymore.
35:18
Speaker 1: Can you imagine somebody saying this to Oprah and she's like,
35:20
Speaker 1: that's cool, that's fine, no problem. Didn't raise her voice.
35:22
Speaker 1: One stole Oliver stock tied to the deal. The stock
35:25
Speaker 1: then plunged. I think this is weight watchers. Don't quote
35:28
Speaker 1: me in this, but whatever weight management company she was
35:31
Speaker 1: associated with, you can correct me in the comments or
35:34
Speaker 1: confirming the comments. If I'm right. The stock plunged when
35:38
Speaker 1: she sold her shares. They forgot that she had a
35:42
Speaker 1: strong economic interest. She wrote a very smart, financially literate,
35:46
Speaker 1: and intelligent deal. It's all about the details. When she
35:50
Speaker 1: cut that deal to be their spokesman, she she's like,
35:52
Speaker 1: I'm not gonna rock the mic. I'm gonna own it.
35:54
Speaker 1: And that's what I want you to do. I want
35:55
Speaker 1: you to own the stage. Don't just dance on it.
35:58
Speaker 2: I want you.
35:58
Speaker 1: Quincy Jones says, if you think that you're in the
36:00
Speaker 1: music business and you don't own music rights, publishing rights,
36:03
Speaker 1: licensing rights, some kind of rights or ownership interests, you're
36:07
Speaker 1: not in the music business. You're a temporary performer. Quincy
36:11
Speaker 1: and Jones and I iced to talk about Michael Jackson
36:13
Speaker 1: and how Paul McCarthy got very upset with Michael because
36:17
Speaker 1: Paul McCartney said that Michael should own publishing, shouldn't just
36:20
Speaker 1: be an entertainer. And Michael realized that he was smart,
36:25
Speaker 1: and so God gave you two ears in one mouth
36:27
Speaker 1: to listen twice as much as you talk, and so
36:29
Speaker 1: he's like, okay, cool, that's really smart. I should own
36:32
Speaker 1: publishing rights. Okay cool. So he had it owns who
36:36
Speaker 1: I was trying to own his own publishing rights, Michael
36:38
Speaker 1: Jackson's rights. But then he's like, well who else should
36:40
Speaker 1: I own? The Beatles? So he went and bought bid
36:45
Speaker 1: for the Beatles publishing rights, and Paul McCarthy lost his mind.
36:49
Speaker 1: He was extra I think to this day, extraordinarily. In fact,
36:52
Speaker 1: I know based on public reports, published reports, and his
36:55
Speaker 1: own words, he was very very very very very unhappy
36:58
Speaker 1: with Michael Jackson. Now it might have been on the
37:01
Speaker 1: edges of an ethico that your friend tells you that
37:04
Speaker 1: you know, he didn't say no, he's not even an
37:07
Speaker 1: ethical because Paul McCarthy didn't say any publishing rights but ours.
37:10
Speaker 2: He didn't say but but the Beatles.
37:13
Speaker 1: In fact, there's little bit of arrogance to assume that
37:14
Speaker 1: Michael Jackson, who's the biggest pop star in the world
37:16
Speaker 1: at that time, did not did not have a right
37:19
Speaker 1: to own the Beatles publishing rights too. But he didn't
37:22
Speaker 1: say you can own any rights but the Beatles. He
37:24
Speaker 1: was giving this advice against like a tutor gives like
37:27
Speaker 1: a mentor gives a mentee. Didn't realize that that that
37:31
Speaker 1: that the student was going to become the teacher. Michael
37:33
Speaker 1: went and bought the Beatles publishing portfolio. Paul McCarthy lost
37:37
Speaker 1: his mind and and and could not say a nice
37:41
Speaker 1: thing after about his once good friend Michael Jackson. Just
37:45
Speaker 1: he didn't he didn't, he didn't do any unethical He
37:47
Speaker 1: just outbid everybody else, including the Beatles. The Beatles could
37:50
Speaker 1: have outbid Michael Jackson. They could have bought that portfolio,
37:53
Speaker 1: but didn't believe in themselves as much as Michael Jackson
37:55
Speaker 1: believed in them, and he bought that portfolio. Do you
37:58
Speaker 1: know that when Michael Jackson and was doing all that
38:02
Speaker 1: spending and the reason he didn't go broke was because
38:04
Speaker 1: he owned that publishing rights, which which Sony ultimately ended
38:07
Speaker 1: up purchasing, was worth a billion dollars his He never
38:10
Speaker 1: weighed that kind of money. And tour you toured, you
38:12
Speaker 1: made ten million back in the day, ten twenty million.
38:16
Speaker 1: The tour that took him out when he passed away
38:18
Speaker 1: got restless. So I think that was he was gonna
38:19
Speaker 1: make fifty million. Is to get the number right. We
38:21
Speaker 1: got the number right, fifty million. But his portfolio was
38:23
Speaker 1: worth a billion back in that day. It was worth
38:26
Speaker 1: you know, seven hundred million. And that's in large part
38:30
Speaker 1: because he owned his portfolio plus a few others, but
38:33
Speaker 1: mostly the Beatles' rights.
38:35
Speaker 2: It's what you own.
38:37
Speaker 1: And so getting your credit score now you know Michael
38:41
Speaker 1: Jackson's credit score was He's Michael Jackson. He is an
38:45
Speaker 1: imprint in Presario, and he had these relationship capital amongst
38:48
Speaker 1: people in the music business and they and he was
38:49
Speaker 1: savvy about business, and so he made a case, a
38:53
Speaker 1: credible case. You know, the word credit comes in the
38:55
Speaker 1: lot were creditito, which means credibility.
38:57
Speaker 2: Did you know that?
38:58
Speaker 1: So he had credibility with those who could work with
39:01
Speaker 1: him to back him to buy the publishing rights. Now,
39:04
Speaker 1: he got into trouble financially later on and had to
39:06
Speaker 1: sell his half of the publishing and ultimately his a state.
39:09
Speaker 1: I think, right now is trying to sell all the
39:10
Speaker 1: publishing rights. But the reason Michael Jackson was able to
39:13
Speaker 1: live the life he lived was not because he danced
39:15
Speaker 1: from the stage, because he owned the music being played
39:18
Speaker 1: on the stage. So on the stage that you live on.
39:23
Speaker 1: The credit score you have gets most of the yes.
39:27
Speaker 1: Is that you want you want to become you want
39:28
Speaker 1: a prime home loan, the answer is yes, good credit
39:31
Speaker 1: score over seven hundred. My mother credit score was eight
39:33
Speaker 1: fifty four when he the smith got rest her so
39:37
Speaker 1: and the computer just said yes to my mother midnight.
39:40
Speaker 1: When my mother went to computer to apply for a
39:43
Speaker 1: loan for something, a home mortgage or consumer loan or
39:46
Speaker 1: auto loan, whatever, the computer just said yes, because now
39:50
Speaker 1: it didn't say are you black, or you're female or whatever.
39:53
Speaker 1: He said, Oh my gosh, he has an eight hundred
39:54
Speaker 1: credit score plus over seven hundred. By the way, it's
39:57
Speaker 1: just fine, perfect, actually seven fifty golden. But my mother's
40:01
Speaker 1: credit score was eight to fifty four back back when
40:03
Speaker 1: it went that high, and the computer just said, yes,
40:06
Speaker 1: you're approved. And you've never seen a riot in a
40:08
Speaker 1: seven hundred credit score neighborhood in all your life, right,
40:11
Speaker 1: so I want you to get your credit score right.
40:13
Speaker 1: I want you to get your debt down, your savings up,
40:15
Speaker 1: your credit score up, because if you can do that,
40:18
Speaker 1: the bank just says, yes, the banks are not racist. Okay,
40:21
Speaker 1: they're capitalist machines. They want to make money and they
40:23
Speaker 1: cannot make money unless they make a loan. Now, is
40:26
Speaker 1: there somebody racist at a bank? Sure there is, right,
40:28
Speaker 1: they're racist people everywhere. But as a rule, like racism
40:32
Speaker 1: and banks, I did a thing on banks. Can go
40:34
Speaker 1: and listen to that podcast or break this down. But
40:36
Speaker 1: one hundred years ago, yes, there was a racist bank.
40:39
Speaker 1: It was Joe's bank, as family owned it, and he
40:41
Speaker 1: didn't want to give any loans to black people. Yes,
40:44
Speaker 1: or maybe even the women. Women couldn't even get a
40:46
Speaker 1: loan before nineteen seventy two, you know that. That's that
40:48
Speaker 1: nineteen seventy two women. I did a Time article on this,
40:51
Speaker 1: you should read it. I did a podcast on this,
40:53
Speaker 1: you should listen to it. But women did not have rights,
40:57
Speaker 1: financial rights before nineteen seventy two, nineteen seventy four. Crazy,
41:00
Speaker 1: not eighteen seventy two, eight seventy four, nineteen seventy two
41:03
Speaker 1: in our lifetime. So the bank wants to say yes,
41:08
Speaker 1: they can't make any money unless they make a loan. Again,
41:10
Speaker 1: one hundred years ago, they were discriminating issue because they
41:12
Speaker 1: could because it was owned by a family. Now a
41:14
Speaker 1: bank is publicly traded and they want their stock to
41:17
Speaker 1: do well. They want their they want to perform for
41:19
Speaker 1: their shareholders, which means they need to make good loans.
41:22
Speaker 1: So if you're pookying them, booboo in them, whether you're
41:25
Speaker 1: poor white or poor black, your credit score is five hundred,
41:27
Speaker 1: not making you alone. They're not making you alone. I
41:29
Speaker 1: wouldn't make you alone, okay, But if your credit score
41:33
Speaker 1: is seven hundred, you're not black or white. You're not
41:37
Speaker 1: red or blues and politics black and white isn't race.
41:40
Speaker 1: You're green, as in a good credit risk. And if
41:43
Speaker 1: you get that credit score up, you're just amazing how
41:44
Speaker 1: your life changes. And it's not about the credit score.
41:46
Speaker 1: Go to the Hope Financial Wellness Index that we've published
41:50
Speaker 1: and you'll see if you live in a credit hordse
41:51
Speaker 1: a seven hundred credit score neighborhood, you lived to eighty
41:53
Speaker 1: one years old. On average. You live in a five
41:57
Speaker 1: one hundred and five fifty credit score neighborhood, you live
41:59
Speaker 1: to sixty one years of age on average, which means
42:03
Speaker 1: so security is sixty five. You don't even get so
42:05
Speaker 1: security and you drop dead. Twenty year difference fifteen minutes apart.
42:11
Speaker 1: Not because of racism or these other things that we've
42:13
Speaker 1: obsessed about, police brutality. All these things are really important.
42:15
Speaker 2: Again. The red rooms. We got red rooms all over
42:17
Speaker 2: the place. We now need green rooms.
42:19
Speaker 1: Access to capital, access to home loans, access, access to opportunity,
42:23
Speaker 1: access the internships, access the jobs, access to yes, access, access, access.
42:28
Speaker 2: To green, the green so we can build a thing.
42:32
Speaker 1: I want you to go to a Hope Financial coach.
42:33
Speaker 1: Get signed up. We have offices all over this country
42:35
Speaker 1: and Operation Hope and take your life back and get
42:39
Speaker 1: the book Financial Literacy for all the new colors green people.
42:43
Speaker 1: It's not black or white, it's not red or blue.
42:45
Speaker 1: In fact, even the red or blue. The politics is
42:46
Speaker 1: about the green. As I said earlier, you know, look,
42:52
Speaker 1: and I mean this is another podcast for another day,
42:54
Speaker 1: but somebody's gonna listen to this and say, yeah, but John,
42:57
Speaker 1: we can't succeed. We don't have generational well and you
43:00
Speaker 1: know how we're going to do this. The credit score
43:02
Speaker 1: is going to just give you a debt. No, no,
43:04
Speaker 1: there's good debt and bad debt. There's not a billionaire
43:07
Speaker 1: in this country. Listen to me, now, there's not a progress.
43:09
Speaker 1: There's not a growing city, a growing country, or a
43:13
Speaker 1: growing multimillionaire like me or a billionaire who did it
43:17
Speaker 1: without good debt. And good debt is something that finance,
43:21
Speaker 1: is something that may grow and enhance and income or
43:24
Speaker 1: value and wealth. Bad debt is financing jewelry. Bad debt
43:28
Speaker 1: is financing a rental car. Bad debt is financing a
43:31
Speaker 1: ticket to go to a concert. Bad debt is people
43:34
Speaker 1: do this. Bad debt is financing a vacation. Bad debt
43:37
Speaker 1: is a twenty sixty percent loan at an apartment store,
43:40
Speaker 1: department store credit card, credit card. Bad debt is financing
43:43
Speaker 1: a Mercedes and an eighteen percent interest, and it's not
43:46
Speaker 1: a Mercedes's Mercedes payments and did the whole thing on
43:48
Speaker 1: the auto loan industry. Watch that and listen to that.
43:51
Speaker 1: In this podcast series, I'm trying to bring you in
43:53
Speaker 1: the light and show you what's right. You want good debt,
43:56
Speaker 1: and you wanted to manage and leverage things that give
43:58
Speaker 1: you assets, and your assets cannot be on your ass
44:03
Speaker 1: all right, loving like John O'Brien, I'm out. I will
44:06
Speaker 1: see you and next week on my ministry finance. This
44:12
Speaker 1: is the civil rights movement. This is financial literacy for all.
44:15
Speaker 2: Get the book.
44:16
Speaker 1: This is the Money in Wealth podcast series on iHeartRadio
44:20
Speaker 1: and the Black Effect Network. The new color is green.
44:24
Speaker 1: Check out that thing. Look in your neighborhood, Look in
44:26
Speaker 1: your city, look in your area. Pull up the Hope
44:28
Speaker 1: Financial Wellness Index. Put in your zip code. I'll tell
44:31
Speaker 1: your credit score, and I'll tell you how you're living.
44:33
Speaker 1: Your day is about money. For the time you give
44:35
Speaker 1: in the morning to the time you go to bed
44:37
Speaker 1: at night is a series of financial transactions. Getting gas
44:40
Speaker 1: in the car. No one's giving the government's like giving
44:42
Speaker 1: you free gas. Governments like the alarm clock that wasn't
44:45
Speaker 1: the government. Alarm clock was your It was your mobile phone, right,
44:48
Speaker 1: your smartphone that you paid for. Money is all around us.
44:51
Speaker 1: Do we understand it? Get your life right. It's okay
44:56
Speaker 1: if you don't like me, I like me. I want
44:59
Speaker 1: you to to be able to say that not one
45:01
Speaker 1: ounce of yourself esteem depends on someone's acceptance.
45:03
Speaker 2: If you just get you. It's James Brown version of
45:06
Speaker 2: an affirmative action. Open the door. I'll get it my
45:10
Speaker 2: damn self, all right. I'm out.
45:26
Speaker 1: Money and Wealth with John O'Brien is a production of
45:28
Speaker 1: the Black Effect Podcast Network. For more podcasts from the
45:32
Speaker 1: Black Effect Podcast Network, visit the iHeartRadio app, Apple Podcasts,
45:36
Speaker 1: or wherever you listen to your favorite shows. The dep