Latest / The Breakfast Club / Earn Your Leisure & Matt Garland Talk Home Investments, Agriculture, Bear Markets, InvestFest + More

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Earn Your Leisure & Matt Garland Talk Home Investments, Agriculture, Bear Markets, InvestFest + More · The Breakfast Club

0:00
Speaker 1: Wait that ass up in the morning Breakfast Club Morning,
0:04
Speaker 1: everybody is DJ Envy, Angela Yee, Charlomagne the guy. We
0:09
Speaker 1: are the Breakfast Club. We got some special guest joining
0:11
Speaker 1: us today. We got Rashard and Troy in the building.
0:15
Speaker 1: Matt the mortgage guy was going, guys, still cool that Lesia. Now,
0:33
Speaker 1: I thought, I thought this whole everybody together. You know
0:43
Speaker 1: he's from Jersey. Now every time nobody in the industry
0:52
Speaker 1: or anybody that needs to I was kidding, I'm the
0:55
Speaker 1: same all the time I speak to that morning. We
0:57
Speaker 1: just yesterday my daughter's buying a condo in the city
1:01
Speaker 1: and Matt's actually doing it. But honestly, Matt has helped
1:11
Speaker 1: a lot of people in his industry be seeing his
1:14
Speaker 1: activists are actors, actresses, a lot of people. Not for
1:20
Speaker 1: people that don't know like he's doing. He's the go
1:22
Speaker 1: to person for getting their mortgage. So if there's something wrong,
1:26
Speaker 1: well there's a key that they don't have. A lot
1:27
Speaker 1: of banks won't take people, but he's able to help
1:30
Speaker 1: people fix their stuff so he can actually get them loan.
1:32
Speaker 1: So I always call Matt first, what's the sauce? Matt
1:35
Speaker 1: tell him, what's the sauce. Yeah, the sauce is just
1:37
Speaker 1: being true and honest, you know what I'm saying, and
1:40
Speaker 1: moving that silence, Like he says a lot of people
1:42
Speaker 1: I help, but you don't see it on my ground,
1:45
Speaker 1: you know. I think that's first and foremost. You know,
1:47
Speaker 1: I'm not out here to spread to anybody's business or
1:49
Speaker 1: anything like that. My first and foremost goal is to
1:51
Speaker 1: help people achieve their real estate goals and being their
1:54
Speaker 1: goal to sauce because real estate wasn't taught in our
1:57
Speaker 1: community is growing up. Half of the people that we
1:59
Speaker 1: are follow and we buy their music and things of
2:02
Speaker 1: that nature. When we're really speaking, they have they have
2:04
Speaker 1: no clue about real estate and financing at that. So
2:09
Speaker 1: I just want to be able to provide that information,
2:11
Speaker 1: give them the real information, and ultimately helped them get
2:14
Speaker 1: to the closing table and that's going to help them
2:16
Speaker 1: build well. So the sauce for me is just being
2:18
Speaker 1: honest and open, you know what I mean, and be connected.
2:20
Speaker 1: A couple of years ago and I told him like
2:23
Speaker 1: I didn't even want to speak at the seminar. They'll
2:25
Speaker 1: tell you like I told them no several times, like
2:27
Speaker 1: I just want to be at the table and talk
2:28
Speaker 1: to the people, and he kind of forced me to speak,
2:31
Speaker 1: and I'm glad he did because now you know, I'm
2:33
Speaker 1: on a breakfast club four times now because of him
2:35
Speaker 1: forcing me and me stepping outside of my confidence zone.
2:38
Speaker 1: Only for Matt one time twice was counting, you know,
2:42
Speaker 1: because I was fired twice. What happened with Matt was,
2:47
Speaker 1: you know when when the whole thing took off, when
2:49
Speaker 1: we started doing the seminar is it helped a lot
2:51
Speaker 1: of people in their business. It helped the credit. Dude,
2:53
Speaker 1: those ain't help Matt. And Matt posted one time that
2:56
Speaker 1: he was getting too many people. He was like it
2:58
Speaker 1: was like, I think like June and he was like,
3:00
Speaker 1: I remember, I'm just putting up this text. He was like,
3:02
Speaker 1: I can't talk to nobody into January, so advice, I'll
3:06
Speaker 1: talk to you in January. Yeah, this is seven eight
3:08
Speaker 1: months and I'm like, bro, what are you doing? I'm
3:09
Speaker 1: like this play for you wore this type of business,
3:12
Speaker 1: and now you're shutting people off. So I cursed them
3:14
Speaker 1: out and I was like, he was like, what am
3:15
Speaker 1: I doing? I'm only person. I said, hire people. That's
3:17
Speaker 1: what business is about. Find the right people and hire
3:19
Speaker 1: people and we yet Yeah, you know, because I look
3:22
Speaker 1: at it like a therapist kind of, right, like when
3:24
Speaker 1: the therapists can't take on more clients, they just can't
3:26
Speaker 1: take on more clients. Yeah. Look, you're only one person.
3:28
Speaker 1: And my business wasn't built for social media. My business
3:31
Speaker 1: was built I've been doing mortgages for twenty years. It
3:34
Speaker 1: was built for real estate agents and my book of business.
3:38
Speaker 1: So you don't need ten people on your staff to
3:40
Speaker 1: kind of handle that business. Now when you get into
3:43
Speaker 1: social media. I remember one of the first times I
3:45
Speaker 1: spoke the envy. He said, once I tag you, I
3:47
Speaker 1: hope you write it because your life is going to
3:48
Speaker 1: change forever. I didn't know what the hell he was
3:50
Speaker 1: talking about at that time, and when I said back
4:01
Speaker 1: in the pub and was right, because my dams and
4:20
Speaker 1: everything were just started going crazy. How it's going on.
4:23
Speaker 1: So you get overwhelmed, like it's natural as a business
4:27
Speaker 1: person when you step into something new, you don't you're
4:29
Speaker 1: not trained for this stuff, right, No one trained you
4:31
Speaker 1: to be a social media influencer and to answer a
4:34
Speaker 1: thousand questions. It's like, damn, what the hell? But our community,
4:38
Speaker 1: You've never had anybody that looked like us that did it.
4:40
Speaker 1: So I knew once you were able to help people
4:42
Speaker 1: people have they only have very few people they can
4:45
Speaker 1: flop to and ask questions too. And somebody that's good
4:48
Speaker 1: and not gonna charge them they got a question, You're
4:49
Speaker 1: gonna charge them ten thousand for a question. No, that
4:52
Speaker 1: that's your job. You want to get people loans, that's
4:53
Speaker 1: part of what you do. And I knew that was
4:55
Speaker 1: gonna happen. So when you put I'll talk to you
4:57
Speaker 1: eight months, I'm like nine, you need to, you know,
4:59
Speaker 1: reevaluate your company and hire more people and figure it out.
5:02
Speaker 1: And you did. And that's what was the second fight.
5:06
Speaker 1: The second fight, Um, what was the second fight? There
5:15
Speaker 1: was no contact. I really was kidding. He was procuring
5:21
Speaker 1: me to step into my greatness, right, like, don't back
5:24
Speaker 1: away from what you prayed for. Like he just said,
5:27
Speaker 1: to be careful what you pray for in life, because
5:29
Speaker 1: it will come to you, not on your time, but
5:32
Speaker 1: in God's time. And at that time I didn't realize, like, yo,
5:35
Speaker 1: this is what I was praying for. But sometimes you
5:36
Speaker 1: need them. You need a vessel, you need a voice
5:38
Speaker 1: to be able to tell that to you. And then
5:40
Speaker 1: when I sat back and thought about it. Literally two
5:42
Speaker 1: days later, I said, you know what broke? You're right,
5:44
Speaker 1: I said, I got to expand. And I think as
5:46
Speaker 1: business owners sometimes one of the biggest mistakes that any
5:49
Speaker 1: business owner make, no matter what filled you in, we
5:51
Speaker 1: kind of want to still be mom and pop and
5:53
Speaker 1: want to hold onto everything and not delegate because we're
5:56
Speaker 1: afraid of investing into ourselves. And you have to take
5:59
Speaker 1: that risky invest into yourself, invest into your business to
6:02
Speaker 1: expand a scale and let loose and um delegate at
6:07
Speaker 1: a high level. So for me, that's what I had
6:09
Speaker 1: to learn, and that was a lesson that was taught.
6:12
Speaker 1: And now you know it's took taken off and you
6:14
Speaker 1: know we're here now and that brings us right to invest.
6:17
Speaker 1: Vesty the biggest y'all got Tyler Perry on how that
6:26
Speaker 1: shout out to Steve Harvey for making that man. Steve
6:30
Speaker 1: loves y'all. I was having lunch with Steve one day, man,
6:32
Speaker 1: and it was like right after y'all did the first
6:34
Speaker 1: interview with him, and like literally all he was was
6:37
Speaker 1: talking about was earning It was earning your lead. Like
6:39
Speaker 1: literally he's he's he's one of these people that honestly
6:43
Speaker 1: like everything that you you think somebody would be, he
6:47
Speaker 1: is that person and more like what I'm saying, like
6:48
Speaker 1: funny down the Earth street dude. Like so most people
6:57
Speaker 1: don't know this, but it was a Black Effect connection.
6:59
Speaker 1: So shout out to Black Effect because the first person
7:01
Speaker 1: that is in contact with was Nicole Spence and the
7:04
Speaker 1: cod hit me last summer like, Hey, this is this
7:06
Speaker 1: is an interview out there that I might be able
7:07
Speaker 1: to get for y'all if you're interested. And I'm like,
7:09
Speaker 1: who is it? She said? Steve Hardy like what do
7:11
Speaker 1: you mean? If I'm interested? Of course we're gonna do it.
7:13
Speaker 1: It won't take it, of course, And so that led
7:16
Speaker 1: to us meeting to Bed Stevens. Shout out to Bed,
7:18
Speaker 1: who's the plug? Want to see Harvey's right hand businessman,
7:22
Speaker 1: And so that led to the relationship. But had we
7:23
Speaker 1: not having a code from Black Effect, you know, we
7:25
Speaker 1: probably don't even need me, Harvey, because it did. You're
7:27
Speaker 1: making connections. Know what invest Fest is? Break down what
7:34
Speaker 1: invest Fest is, when it is and what can people
7:37
Speaker 1: get out of it? Yeah, so invest Fest, you know
7:39
Speaker 1: you always hear about these music festivals all the time.
7:41
Speaker 1: Coachella made an America Roots Picnic, and you know, just
7:45
Speaker 1: thinking last year, we was like brainstorming and I'm like,
7:48
Speaker 1: all right, let's not do a conference, let's not do
7:52
Speaker 1: a seminar, Let's do a festival and like what do
7:54
Speaker 1: you mean? And I'm like a financial literacy festival, Like
7:57
Speaker 1: what do you mean? It doesn't even make sense. I'm
8:00
Speaker 1: like why not? And they're like, WHOA, that doesn't happen.
8:02
Speaker 1: I'm like, WHOA, who's to say it can't happen. So
8:05
Speaker 1: I'm like, all right, now, let's reverse engineer it. So
8:08
Speaker 1: let's take the best things that festivals have, food trucks,
8:11
Speaker 1: food experiences. We added that musical performances, we added that
8:15
Speaker 1: a VIP like exclusive situation, we added that live podcast,
8:20
Speaker 1: and but all blended together with education, business, and finance.
8:25
Speaker 1: So last year was the first year in Atlanta. We
8:27
Speaker 1: have four thousand people, and this year we scaled up
8:30
Speaker 1: and we're looking at like eleven thousand people in Atlanta
8:32
Speaker 1: over three day weekend. So it's for us, it's all
8:35
Speaker 1: about just stepping out of the realm of what's normal,
8:38
Speaker 1: and everything that we do has really never been done,
8:40
Speaker 1: so we get to make history every single time we
8:42
Speaker 1: do anything. So it's like, you know, of course we
8:44
Speaker 1: got Charlomagne and God's gonna be there, dj Envy, his partner,
8:47
Speaker 1: Caesar our Gout, nineteen Keys, Ian Dune, Lad Wall Street,
8:50
Speaker 1: Trapper Matt. But we also have people like Dan Cathy,
8:54
Speaker 1: who not a lot of people know, but he's a
8:56
Speaker 1: former CEO of Chick fil A. He's worth seven billion dollars,
8:58
Speaker 1: Like that's not normal to have somebody like on Sunday
9:01
Speaker 1: on Sunday, Sunday Sunday him on Sunday Billionaire Day. Eric
9:12
Speaker 1: Thomas is one of the top motivational speakers ever. We
9:15
Speaker 1: got my brother Terrence Jay Kenny Brown and then you know,
9:19
Speaker 1: we just wanted to just take it over the top.
9:21
Speaker 1: I was always taught when you up our thirty points,
9:23
Speaker 1: win by fifty. So it's like Tyler Perry had to
9:27
Speaker 1: drop that bomb, Like when's the last time you ever
9:29
Speaker 1: heard him speak publicly or speak about business. And this
9:31
Speaker 1: is the guy that got a landing strip literally at
9:33
Speaker 1: his house three hundred and thirty acres, He built his
9:37
Speaker 1: own Hollywood in Atlanta. So I mean, it's gonna be
9:40
Speaker 1: an experience like none other. And you know, for us,
9:43
Speaker 1: it's just automatically just going bigger and bigger and bigger
9:45
Speaker 1: every single time. It's like, you know, to take it
9:47
Speaker 1: to places that nobody could even imagine, like you know,
9:50
Speaker 1: and then like the Vendor Marketplace, we have two hundred
9:52
Speaker 1: and eighty five vendors to kind of like how Essence Fest.
9:55
Speaker 1: So when you go there, you're gonna have a DJ,
9:56
Speaker 1: you're gonna have vendors, small businesses. So you know, we
9:58
Speaker 1: talk about Groupeck and im mix like we really live it,
10:01
Speaker 1: like it's not just the thing. So we put up
10:03
Speaker 1: our own money. We funded it ourselves. You know, got
10:06
Speaker 1: the venue, we booked everything ourselves, Like this is us,
10:09
Speaker 1: like you know, so it's like everything Jim shout out
10:11
Speaker 1: to Jim Jones. He came last year and he was like, yeah,
10:13
Speaker 1: this is like real black excellence. He's like everybody talk
10:15
Speaker 1: about black excellence. This is real Black exens Like this
10:18
Speaker 1: is dope. Just to see it in person because he
10:20
Speaker 1: always see these and like shout out to envy. He'd
10:22
Speaker 1: do his events by himself. But a lot of these
10:24
Speaker 1: events and it's no disrespect, but it's it's major corporations,
10:28
Speaker 1: live nations pointing together and they just put the artist's
10:31
Speaker 1: name on it, but it's not the artists don't really
10:33
Speaker 1: have no idea what's going on with the business back
10:34
Speaker 1: in Live Nation is running it. But for us, everything
10:39
Speaker 1: that we do with independent. Shout out to Dame Dash
10:41
Speaker 1: he will be there, shouts one brother Dames. So everything
10:44
Speaker 1: we do is independent. So it's like we can't just
10:47
Speaker 1: talk about something, we actually got to be about it. Yeah, Hey,
10:50
Speaker 1: I mention Ross Ross. Thank you for mentioning that. Shout
10:56
Speaker 1: to my brother Ross. Yeah. And another thing is is
10:58
Speaker 1: that we want to be very intentional, right, like obviously
11:02
Speaker 1: Sells greenbergs here, we want to be very intentional about
11:05
Speaker 1: making sure that everybody was being celebrated. Like when we
11:08
Speaker 1: thought about the name, me Charlie was going back and forth,
11:10
Speaker 1: mat was going back forth, Mike. We were coming up
11:12
Speaker 1: with the name, and we didn't want to have Earniellegia
11:14
Speaker 1: in part of it, right, Like we knew that obviously
11:15
Speaker 1: people don't knew that we were putting it together, but
11:18
Speaker 1: it wasn't about us. It was about bringing a community
11:20
Speaker 1: together and highlighting so much talent and so like when
11:23
Speaker 1: we see Coachella, we really don't know who the CEO is.
11:25
Speaker 1: If we don't look it up. We know Jay does
11:27
Speaker 1: Made in America, but his name ain't on the bill, right.
11:30
Speaker 1: Roots picnics say like we've seen them do it, but
11:32
Speaker 1: like who's the business behind it? So we wanted to
11:34
Speaker 1: make sure that everybody gets celebrated. So invest Fest is
11:37
Speaker 1: now becoming the place where it's like, if you have
11:39
Speaker 1: a business, you have to be there. If you're entertainer,
11:42
Speaker 1: you need to be there, right, If you have a
11:45
Speaker 1: tech startup you should be in the building. Right, Like
11:47
Speaker 1: we said, we got three billionaires on Sunday, Like, where
11:50
Speaker 1: do you see? That's crazy? And so it becomes a
11:53
Speaker 1: place that you have to be kind of like how
11:55
Speaker 1: essence Fest was and still is. We want to do
11:57
Speaker 1: that for business. I want to ask you all the
11:59
Speaker 1: questions because you know, uh, you know, Gilly the kid
12:01
Speaker 1: was had some things to say about Ross and he
12:04
Speaker 1: said something like he was like, why would you buy
12:06
Speaker 1: a cow? Now I'm from the country, so I understand
12:09
Speaker 1: invested in a livestock. Could you could y'all just explain
12:11
Speaker 1: why that is a good investment. First sean to a
12:14
Speaker 1: million dollars for game Gilly and White guys and shout
12:16
Speaker 1: out to Ross with friends both with with new True
12:19
Speaker 1: in that situation. But I think he was a little
12:21
Speaker 1: misguided in the statement because one of my friends, Walstreet
12:24
Speaker 1: Trapper actually was was intricate in show to Kiana watching
12:26
Speaker 1: her husband and getting it was actually a bull um.
12:29
Speaker 1: But it's a misguided statement because you know, Rick Ross,
12:32
Speaker 1: he has a hundred of some acres and agriculture is
12:35
Speaker 1: real big and it's something that we don't we don't
12:37
Speaker 1: really fully understand or appreciating our community. And it's like
12:40
Speaker 1: we always we're consumers a lot of times, right, and
12:43
Speaker 1: we eat food. Everybody eats food, but we never think
12:46
Speaker 1: about who was actually making money off of this, right.
12:50
Speaker 1: So it's like when Jay Prince has like, you know,
12:52
Speaker 1: a ranch and he has like hundreds of cows yea,
12:55
Speaker 1: and hundreds of cows and making seven hundred thousand dollars
12:57
Speaker 1: a year off off of hey, Like you know what
12:59
Speaker 1: I'm saying, Like the things that especially you know, coming
13:01
Speaker 1: up in urban environments to city like Philly and New York,
13:04
Speaker 1: we never think of that, but that is something that
13:06
Speaker 1: we need to get more into. So I actually applaud
13:09
Speaker 1: Rick Ross for doing that and for showing it right
13:11
Speaker 1: because you know, Ross is one of these people that
13:13
Speaker 1: always shows loves to the entrepreneurs, the young entrepreneurs like us,
13:17
Speaker 1: Like he does a lot of stuff behind the scenes
13:19
Speaker 1: and shows a lot of love and it's genuine. So
13:22
Speaker 1: I think that that was a learning opportunity and hopefully
13:26
Speaker 1: more people can actually, you know, take farming and agriculture
13:29
Speaker 1: serious because we need more black farmers. Like you're from
13:31
Speaker 1: South Carolina, you understand that, and you know there was
13:35
Speaker 1: a point where there was a lot of black farmers
13:36
Speaker 1: and not it's hardly any black farmers. And it's like,
13:38
Speaker 1: you know even with Minneso of Aericans, like you can't
13:41
Speaker 1: control your food, then that's like one of the most
13:43
Speaker 1: essential things in life, right, So it's like we always
13:46
Speaker 1: have diabetes, high blood pressure, all of that, but a
13:48
Speaker 1: lot of that is is coming through the food that
13:50
Speaker 1: we're eating. And a lot of the reason is that
13:53
Speaker 1: we're not controlling the food. So we just are getting
13:55
Speaker 1: foods with chemicals and you know that there's not slaughtering
13:58
Speaker 1: the animals correctly. So Charter ross Man, I think I
14:02
Speaker 1: think it was taken out of context. I mean because
14:03
Speaker 1: when people see ross it's like one week you see
14:06
Speaker 1: him doing the Jamaican stump and not he's in the
14:08
Speaker 1: cows and it's like, nah, he's actually a great business
14:10
Speaker 1: man and he has great people around him and advised
14:12
Speaker 1: him as far as investments, telling you about it, but yeah,
14:14
Speaker 1: that's a tax right off number one. But even from
14:16
Speaker 1: an investment standpoint in the market, like we know that
14:19
Speaker 1: a recession is here, we know that food price is arising,
14:22
Speaker 1: Well we're gonna eat right, Like, that's one thing we're
14:24
Speaker 1: gonna do. Third recession, So why wouldn't we invest in agriculture?
14:29
Speaker 1: But if it matter, tell you this, if you have
14:31
Speaker 1: agriculture on your property, your taxes probably go from two
14:34
Speaker 1: hundred fifty thousand to five thousand, absolutely tax culture that
14:39
Speaker 1: you have. So I'm sure with Ross's mind frame, that's
14:42
Speaker 1: probably why. Absolutely, But look at the promising Look how
14:46
Speaker 1: bigger is Like why wouldn't you have it there? You
14:48
Speaker 1: know you have the space for it. And then you
14:49
Speaker 1: get the tax benefit of being a business owner because
14:51
Speaker 1: that's what the tax code is made for us instead
14:54
Speaker 1: to help business owners and real estate investors, right, So
14:57
Speaker 1: why not take full advantage of it? Because I'm about
14:59
Speaker 1: to put some this is in my bag. Everything y'all say,
15:03
Speaker 1: everything y'all saying this is true. On Glashaw touched on
15:05
Speaker 1: the minister fiercon aspect of it, because with all of
15:07
Speaker 1: these foods shortage is happening, You're gonna want to have
15:10
Speaker 1: some livestock. You're gonna want to know how to grow
15:12
Speaker 1: your own foods on your problem. So, yes, that's why
15:15
Speaker 1: you buy a cow. So let me ask you a question.
15:17
Speaker 1: There was I've seen a clip that you posted here
15:19
Speaker 1: we go, this one that somebody who do you lip
15:30
Speaker 1: service is a dangerous show. Okay, declared I just want
15:36
Speaker 1: to say, okay, friend of the show. Yes. So we
15:39
Speaker 1: were at BT weekend, BT at Words weekend for the
15:42
Speaker 1: first time they had podcasts in the radio room. There
15:44
Speaker 1: was four of us. They were sitting right next to
15:46
Speaker 1: me next to lip Service, and I just want to say,
15:49
Speaker 1: rash and joy I have always said they want to
15:50
Speaker 1: do lip service. When are y'all gonna invite me on,
15:52
Speaker 1: invite us on? We want to do it? And I
15:54
Speaker 1: was like, you know, y'all show you want to do it.
15:56
Speaker 1: Can you handle it? They said they can't handle it.
16:01
Speaker 1: Cools told the truth, it's true, but his truth was
16:11
Speaker 1: not accepted the way he anticipated, so he posted the
16:16
Speaker 1: clip and took it down. It was about, you know,
16:22
Speaker 1: I try to tie in relationships and finances. And I
16:26
Speaker 1: was asking him, you know, if you go on a
16:28
Speaker 1: first date, how much did you spend on a first date?
16:30
Speaker 1: And how much did you say? Let me get a
16:33
Speaker 1: full context of it. It's a big platform. So what
16:36
Speaker 1: I was saying, is this right? First, they asked I
16:38
Speaker 1: wasn't gonna bring this up if you alreadys starting a part.
16:43
Speaker 1: They asked me what I'm doing personally in my life
16:46
Speaker 1: at this point in time. So I never said this
16:52
Speaker 1: is what all men should do. This is what you
16:54
Speaker 1: have to do, This is the mandate that So I said,
16:57
Speaker 1: you know, I think three hundred dollars is a reasonable
16:59
Speaker 1: amount of money to spend on the first date. Now
17:01
Speaker 1: keep into consideration. We're in New York City, right, It's
17:03
Speaker 1: going to cause fifty dollars just to park your car.
17:06
Speaker 1: You go to a restaurant like stk or Brooklyn, chopouts
17:09
Speaker 1: or whatever. You get a couple of drinks, a couple
17:11
Speaker 1: of martinis, you know, order meal advertiser, you're almost at
17:15
Speaker 1: two hundred. Then you give a tip, and then you actually,
17:19
Speaker 1: if the date's going good, you might go to the
17:21
Speaker 1: hookah lounge a little later, you know what I'm saying.
17:24
Speaker 1: So I don't think that I was like three to
17:26
Speaker 1: five hundred, like that might sound like a lot. I
17:29
Speaker 1: understand that it's sensitive times, it's a recession, but it's
17:33
Speaker 1: also a reality, right, It's it's just the harsh reality
17:35
Speaker 1: of life, like it's your reality. It's mariality. But then
17:40
Speaker 1: I think it just kept going from there. Yeah, you know,
17:42
Speaker 1: it's one of these things. Then he was like, well,
17:44
Speaker 1: what about if she wants some shots? He was like,
17:46
Speaker 1: sure's nineteen. You said, what about it if her friends? Now,
17:52
Speaker 1: let me explain that. So let me explain that. So
17:53
Speaker 1: that was the one that that triggered a lot of people.
17:56
Speaker 1: So she said, she said, what if her friends come?
18:00
Speaker 1: Do you pay for the friends? And I'm like, yeah,
18:02
Speaker 1: so hey, I've never been on a day ever in
18:04
Speaker 1: life where somebody's both their friends. So I don't think
18:07
Speaker 1: it's not a one. What I was referred to, well,
18:11
Speaker 1: what I was what I was referred to is that
18:15
Speaker 1: if you out if you out right, and you know,
18:18
Speaker 1: you might go to dinner whatever, and then it's like, right,
18:20
Speaker 1: let's go to a club. I'm having a good time
18:21
Speaker 1: to go to lounge. All right, you go to lounge,
18:22
Speaker 1: her friends is at the lounge. It's like, yo' what
18:25
Speaker 1: we're drinking. I'm I'm not gonna be the guy that's
18:28
Speaker 1: like I need twenty dollars from you. I need fifteen
18:31
Speaker 1: dollars from you. Know what I'm saying, always does pay
18:34
Speaker 1: like side, like if you go out with them. I'm
18:39
Speaker 1: trying to say that it's very nice. They don't have to,
18:41
Speaker 1: but you know they rest in peace of Kevin Samuels.
18:44
Speaker 1: Posted Vin Samuel down converence because there was nothing that
18:51
Speaker 1: he could say because he's the godfather for that whole movement.
18:53
Speaker 1: So when he was like, he was like, it's up.
18:56
Speaker 1: It's us to up. It's us. It's up to us
18:58
Speaker 1: men to do better resource before we take women on date.
19:01
Speaker 1: So if you if you think a girl is a
19:03
Speaker 1: date scammer, I didn't know there was a whole culture
19:05
Speaker 1: sam dinner scammer, then that's your fault for getting scam
19:08
Speaker 1: for dinner. Like you know what I'm saying, you should
19:10
Speaker 1: already have done your research before you're taking a girl
19:12
Speaker 1: out to eat dinner. Scammer. Who's going to dinner just
19:16
Speaker 1: to eat you think it's hungry. Who could ye, I'm
19:24
Speaker 1: trying to think a while people was mad because they
19:26
Speaker 1: can't afford the three basically to be financial giving people.
19:33
Speaker 1: But I'm glad you said that because that's a common
19:36
Speaker 1: misconception where it's like, hey, they're like, yo, times have changed.
19:40
Speaker 1: I was a financial advisable before this. Is that you
19:43
Speaker 1: can hear it. We can hear it. Oh you can
19:46
Speaker 1: hear that, thinking around like we're crazy. I was like
19:50
Speaker 1: my phone financial. I was a financial advisable. So sometimes
19:54
Speaker 1: people think like just because you get on the internet,
19:56
Speaker 1: like you was homeless, Like now seriously, like I already
20:00
Speaker 1: had money before this, like seriously, Like so it was
20:02
Speaker 1: like my first car was was an Infinity, then it
20:06
Speaker 1: was a BMW. Then it was gonna say you sure
20:13
Speaker 1: I'm being honest. I can only I can only say
20:15
Speaker 1: like what I'm gonna do lie to you. I'm being
20:17
Speaker 1: honest with you, right, So it's like I already had
20:19
Speaker 1: money before this, So I've been had three hundred dollars
20:22
Speaker 1: dates before. No, I'm just I'm just being honest. So
20:25
Speaker 1: it's like sometimes they look at it like they have
20:27
Speaker 1: a perception of you, like, yo, you gotta be financially food.
20:29
Speaker 1: That's why it was like movies with the Applebe's discount.
20:33
Speaker 1: It was never that. But that's why it's assets over
20:37
Speaker 1: liabilities because I was never I'm not an extreme person.
20:41
Speaker 1: I always was in the fashion my whole entire life.
20:43
Speaker 1: Like I always like like nice things my whole entire life. Yes,
20:49
Speaker 1: so so I take like that, which crazy, but no,
21:04
Speaker 1: but I think sometimes people I spoke to nineteen Keys
21:07
Speaker 1: about that because he did he did the BT, and
21:09
Speaker 1: people was in his comments like damn you sold because
21:12
Speaker 1: you know, people look at him like black power, like
21:13
Speaker 1: you sold ow you speaking to the enemy, like he's
21:15
Speaker 1: speaking to artists like yeah, yeah, y'all put people in
21:18
Speaker 1: a box and think like this is who they are,
21:21
Speaker 1: Like no, that's not and then and then complain when
21:23
Speaker 1: black people don't have proper representation, Well we don't have
21:26
Speaker 1: proper representational people doing the nineteen Keys that, why are
21:28
Speaker 1: you doing that? You sell them out? What do you want? Exactly?
21:31
Speaker 1: So it's like, I think it's important for us to
21:32
Speaker 1: just be ourselves and me, Troy Matt, we just regular
21:36
Speaker 1: people like who at they wage? Exactly? That's all That's
21:40
Speaker 1: what I get from all this this accurate wage. You know,
21:42
Speaker 1: you don't gotta be extreme. The clip down it was fine.
21:46
Speaker 1: It was good promotion for a lip service. When we
21:51
Speaker 1: go on there, it's gonna be crazy. Now they got
21:53
Speaker 1: advised to the leather count. Well, can't yeah, I can't
21:55
Speaker 1: wait to you guys come on the count. Yes, can't wait.
21:59
Speaker 1: Look afford to it going on? As well as far
22:02
Speaker 1: as investment, I see interest rates going high, I seen
22:04
Speaker 1: crypto down. What's going on? So why should people put
22:08
Speaker 1: their money? Should they park? Should they wait with? What
22:10
Speaker 1: do you'll suggest? Look, I think one of the best
22:12
Speaker 1: investments of all time will always be real estate. But
22:15
Speaker 1: you can't go wrong. You know, if the if the
22:17
Speaker 1: stock market goes up down left or right, if the
22:20
Speaker 1: housing market goes up down left and right, your property
22:22
Speaker 1: doesn't disappear. Right, you can still go and touch it. Right. Um,
22:26
Speaker 1: Equity is monopoly money. This is something I've been saying
22:28
Speaker 1: for years, even before I came on the internet. So
22:31
Speaker 1: if you're out here banking on the appreciation of a property,
22:35
Speaker 1: then you could be setting yourself up for failure because
22:38
Speaker 1: if the market changes and you depending on that, yeah, yeah, yeah, sol,
22:42
Speaker 1: you should out of luck. Basically, So if you're looking
22:44
Speaker 1: to buy primary residence right now, I think you have
22:47
Speaker 1: to kind of be mindful of what you can really
22:49
Speaker 1: afford because the bank will always can approve you, but
22:52
Speaker 1: doesn't mean you can afford that mortgage. And this is
22:54
Speaker 1: something I've been saying even when rates were in the
22:56
Speaker 1: mid two percent, Right, don't approve eligible and affordability is
23:00
Speaker 1: two different things. So if you're looking to buy a
23:02
Speaker 1: house in today's market, look, you gotta have reserves. You
23:04
Speaker 1: got you gotta prepare for any expenses that might come up.
23:07
Speaker 1: If you're looking to buy rental properties, even if you're
23:09
Speaker 1: going to live in a property, tenants ain't guaranteed to
23:12
Speaker 1: pay you anything, right, so you gotta make sure you
23:14
Speaker 1: can afford to buy that property and maintain it. I
23:18
Speaker 1: think this is going to be the greatest opportunity, even
23:21
Speaker 1: past the pandemic, ever for real estate investors because right
23:25
Speaker 1: now there's a lot of fear in the news. Everything
23:28
Speaker 1: you see right now and when it comes to real
23:30
Speaker 1: estate is fair. But what did Warren Buffett say? He said,
23:33
Speaker 1: when people are being fair, fool be greedy. Right, So
23:37
Speaker 1: this is the time that investors will be able to
23:40
Speaker 1: go out there and really build up a nice portfolio,
23:43
Speaker 1: even what interest rates going higher because the demand of
23:46
Speaker 1: the regular everyday home buyer, they're gonna sit on the
23:48
Speaker 1: sidelines because they're gonna sit there and wait for the market. Right,
23:51
Speaker 1: And you can't time the market, can't, You can't. Not.
23:54
Speaker 1: Real estate attorney definitely told me he was like, Angela,
23:56
Speaker 1: just waited a minute before you buy anything else, right, Yeah,
23:59
Speaker 1: I mean, but you're establisher, right, You're in a position
24:01
Speaker 1: where you can afford to be patient. You don't really
24:04
Speaker 1: have to go out here and just say I'm going
24:05
Speaker 1: to buy real estate just to buy real estate. Right
24:07
Speaker 1: you're in a position you can do that because you're
24:09
Speaker 1: already owned. But I think for the first time investor
24:12
Speaker 1: or the person who may have one or two properties
24:14
Speaker 1: and you continue to look in to grow, this is
24:16
Speaker 1: your time right now, because if you look at all
24:18
Speaker 1: the stats that's coming out, homebuyers are taking a back
24:21
Speaker 1: seat right now. They can't afford these six percent interest rates,
24:24
Speaker 1: which soon will be seven percent. I mean, you get
24:26
Speaker 1: in the seven percent right right now if you've got
24:28
Speaker 1: a low six hundred credit score, right if you have
24:30
Speaker 1: high credit scores. Right now, you're mid to high fives
24:33
Speaker 1: right now on a thirty year mortgage. So a lot
24:36
Speaker 1: of people are going to take a step back from that.
24:38
Speaker 1: What does that do at least opportunity for the investors.
24:41
Speaker 1: You're going to see more institutional money hit the streets.
24:43
Speaker 1: You're going to see more foreign money at the streets.
24:45
Speaker 1: Why because people are going to rent. And look what's
24:48
Speaker 1: up and stuck right now? Rent The average rent is
24:51
Speaker 1: over two thousand dollars nationwide right now, and that's going
24:54
Speaker 1: to continue to go up like when it was the
24:57
Speaker 1: last time you see rent declining, No, never during the
25:01
Speaker 1: pendent early on the pand that make a difference in
25:04
Speaker 1: New York City, But that was that was a unicorn
25:06
Speaker 1: type of situation, right unless COVID twenty twenty three comes out, right,
25:10
Speaker 1: that's that's like I feel like they're forcing people to
25:14
Speaker 1: purchase homes because we're rent so high. Like I was.
25:16
Speaker 1: I was called the battom. My daughter's actually buying something,
25:20
Speaker 1: but I called Matt And the reason I was forced
25:22
Speaker 1: to do it is because her wrint shot up five
25:24
Speaker 1: hundred dollars a month, yea, And I was surprising that
25:26
Speaker 1: they could do it. And everybody's telling me that they
25:28
Speaker 1: rented or shooting up. And I know, you know me
25:30
Speaker 1: owning a couple of places, you know the rent goes up,
25:31
Speaker 1: but not not to this rate. But it's ridiculous where
25:34
Speaker 1: you have to buy because it's coursing you more to rent. Ever,
25:38
Speaker 1: got crazy. I put a post on other day, don't
25:40
Speaker 1: know if you saw it. In the UK, they're rolling
25:42
Speaker 1: out fifty year mortgages. I think that's good. I think
25:44
Speaker 1: that's a good idea. I think that's good. They used
25:46
Speaker 1: to have that back in the day, during the wild
25:48
Speaker 1: cowboy days there was forty year mortgages. Fifty year mortgages. How,
25:51
Speaker 1: I think that's good. I wish they give me a
25:52
Speaker 1: hundred year margat all my profits. That's crazy. I hate
25:55
Speaker 1: a long mortgage because I hate paying all the interest
25:58
Speaker 1: up front. Well, yeah, it is going to be more
26:01
Speaker 1: expensive on a long run, but if you're looking about affordability, right,
26:04
Speaker 1: you have to spread that out a little bit more,
26:06
Speaker 1: especially with higher interest rates. But you can always prepay
26:09
Speaker 1: your principal balance to kind of. But I think a
26:13
Speaker 1: lot of people do that. Like you said, some people
26:15
Speaker 1: can't afford it, but also people like to move their
26:16
Speaker 1: money around. They know that they can if it's a
26:19
Speaker 1: fifty year mortgage. Let's say let's say your mortgage it's
26:22
Speaker 1: three grand. If it's a fifty year mortgage, your mortgage
26:24
Speaker 1: is now seventeen hundred. You have that other thirteen hundred
26:27
Speaker 1: to move and try to shake and invest in something
26:28
Speaker 1: else that's gonna pay that full mortgage. That's what people
26:30
Speaker 1: should do, and a lot of people do that. It's
26:32
Speaker 1: something mentally for me when I look at my mortgage
26:35
Speaker 1: breakdown and I see that, like, yeah, I can't see
26:39
Speaker 1: saying that. When I see, say, let's just say it
26:41
Speaker 1: was a thousand dollars and nine hundred and fifty years
26:44
Speaker 1: going toward interest and fifty dollars going towards the principle,
26:46
Speaker 1: and you're like, damn, I'm just spending all this. It
26:48
Speaker 1: bothers me mentally, and I know that people think differently
26:52
Speaker 1: about it, but for some reason in my head, I'm like,
26:54
Speaker 1: I hate paying all this interest that's not going toward
26:58
Speaker 1: you know, but I understand that you affordability aspect, but
27:01
Speaker 1: that comes with discipline also to prepay your mortgage, right
27:03
Speaker 1: because like what you just said, and you have that
27:05
Speaker 1: surplus a capital now, and the smart thing should be
27:08
Speaker 1: to invest it into something else. That's where you can,
27:11
Speaker 1: you know, have an overflow. But most people know they're
27:14
Speaker 1: gonna go to the gucy store, they're gonna go to
27:15
Speaker 1: the bay, they're gonna go on vacation, right, the average person,
27:18
Speaker 1: that's what they're gonna do. Instead of having a discipline,
27:20
Speaker 1: say you know what, I'm gonna put this savings and
27:23
Speaker 1: pay down my principal balance, or even if you get
27:26
Speaker 1: a thirty year mortgage. I tell people all the time,
27:28
Speaker 1: don't don't worry about the term, right, come up with
27:31
Speaker 1: a plan an exit strategy. I think in everything in
27:33
Speaker 1: life you need an exit strategy and business and investments
27:36
Speaker 1: and especially real estate of when you want to get
27:39
Speaker 1: out of that mortgage. So if your goal is especially
27:41
Speaker 1: if you're buying in your forties, you know you're gonna
27:43
Speaker 1: retire at sixty, you could take a thirty year mortgage,
27:46
Speaker 1: but you should have a plan of action and it's simple.
27:48
Speaker 1: The tools are online imanization calculator where you can say,
27:52
Speaker 1: if I put my tax with terms that refund every
27:55
Speaker 1: single year, or if you're like if I put an
27:57
Speaker 1: addition to two principal every month, this one extra payment
28:02
Speaker 1: comes out seven years. One extra payment can knock you
28:04
Speaker 1: down your mortgage in twenty two and a half twenty
28:06
Speaker 1: three years, right, just one extra payment towards your principal
28:08
Speaker 1: balance and all the online tools. Everything is digital right
28:11
Speaker 1: now with your mortgage payments. You can easily set that
28:13
Speaker 1: up as an automatical thing where you're not even setting
28:16
Speaker 1: and forget it. You don't even have to think about it.
28:18
Speaker 1: So there's so many ways to skin a cat to
28:20
Speaker 1: beat that interest trap when it comes to your financing.
28:22
Speaker 1: It's just people just gotta have the discipline. I think,
28:24
Speaker 1: I think, and you said investment. So that was the
28:26
Speaker 1: real estate standpoint, but from the stock markets, the same thing.
28:29
Speaker 1: He used Warren Buffets as the quote. But it's true
28:31
Speaker 1: for the stock market. When people are fearful, that's when
28:33
Speaker 1: you should be greedy cryptown. Well, we're gonna get there.
28:38
Speaker 1: I mean, if you look at it now, I would
28:39
Speaker 1: see the we're in a recession, and so you're looking
28:43
Speaker 1: at companies, where should I buy? Well, when you had
28:45
Speaker 1: Apple at one hundred and eighty dollars, he's like it's
28:47
Speaker 1: too high. Well now it's at one hundred and thirty two.
28:49
Speaker 1: Why wouldn't you buy now? So if you look at
28:51
Speaker 1: the same companies we spoke about the last time Apple, Amazon,
28:54
Speaker 1: Google was just about to have a split. Right, these
28:56
Speaker 1: companies are now at a price point that it's like,
28:59
Speaker 1: all right, it's affordable, can do it. But you brought
29:01
Speaker 1: up another quip point, agriculture. If we want to look
29:03
Speaker 1: at players that are like, hey, I don't want to
29:05
Speaker 1: invest in something that's two violentile, look at the agriculture
29:07
Speaker 1: high Look at companies like campbell soup right that has
29:10
Speaker 1: like a seven percent incline over the past six months.
29:14
Speaker 1: It's like, wait, they've appreciated it. They are the time. Well, yeah,
29:16
Speaker 1: people are going to eat. Right, Even a company like
29:19
Speaker 1: Kelloggs that people probably didn't pay attention to that dividing
29:22
Speaker 1: the company into three components now and having snacks as
29:25
Speaker 1: one of the pillars of it, Like how many people
29:28
Speaker 1: are buying groceries and putting Kelloggs cereal and if snacks.
29:32
Speaker 1: And it's something that you don't think about. But it's
29:34
Speaker 1: a safe investment because we know people in times like
29:37
Speaker 1: this are gonna find affordable ways to eat and they're
29:39
Speaker 1: gonna feed their kids, you know first and foremos. So
29:42
Speaker 1: there's all different types of ways you can invest obviously
29:44
Speaker 1: real estate, but the stock market when where it's at
29:47
Speaker 1: right now. Obviously we know recessions last on eighteen months
29:50
Speaker 1: on average, So if we're in the middle of it now,
29:53
Speaker 1: by the time we get to twenty twenty three, twenty four,
29:55
Speaker 1: twenty twenty five, these investments that we make now will
29:57
Speaker 1: set us up for the future. Do you think we're
29:59
Speaker 1: officially in a recession. Yeah? Yeah, I think we're definitely
30:01
Speaker 1: officially in a recession. People still spending. This is not
30:04
Speaker 1: officially recession to people stop spending. Well, it's officially recession
30:07
Speaker 1: with two negative quarters of GDP GDP two negative GDP quarters.
30:11
Speaker 1: So I think that they haven't officially announced it yet,
30:13
Speaker 1: but they will, I think. But I feel like it's
30:17
Speaker 1: always gonna be the haves and have nots, right, And
30:20
Speaker 1: but with the inflation that that's actually causing a lot
30:23
Speaker 1: of problems as well, and the supply chainges a lot
30:26
Speaker 1: of thinks you can't get. But it's like, you know,
30:28
Speaker 1: talk about investing, and we always talk about investing, but
30:30
Speaker 1: I feel like we got to start talking more about
30:32
Speaker 1: businesses because it's like a a lot of people. One
30:35
Speaker 1: of the biggest things to stop people from investing they
30:36
Speaker 1: feel like they don't have enough money to invest, and
30:39
Speaker 1: no matter how much you invest, it's still it's nothing
30:43
Speaker 1: like starting a cash flowing business. And like black businesses
30:46
Speaker 1: or just businesses in general, that's something that we got
30:49
Speaker 1: to start talking more about, like as far as starting
30:51
Speaker 1: businesses and during a recession, during economic downturns is actually
30:54
Speaker 1: a good time to start a business because it's like
30:56
Speaker 1: if you can survive during the worst of times, that
30:58
Speaker 1: automatically makes you in a thought already in the space.
31:01
Speaker 1: And it's like that's what we did, really like I
31:03
Speaker 1: wouldn't say anything that I didn't actually do myself. So
31:05
Speaker 1: it's like, you know, for us to start to start
31:08
Speaker 1: a business, which you know, people it started as a
31:11
Speaker 1: as a podcast but turned into a media company and
31:13
Speaker 1: we double down on it, you know during COVID and
31:17
Speaker 1: expanded our reach and now we have different verticals. So
31:19
Speaker 1: now it's like we do invest vest so we have
31:21
Speaker 1: a truck, or we do E y O university. It's
31:23
Speaker 1: it's it's about growing laterally and having people in plays
31:28
Speaker 1: and hiring employees and that's that's the real like, you
31:31
Speaker 1: know what we really got to start focusing on because
31:34
Speaker 1: that's the only way to really improve our economic situation.
31:37
Speaker 1: Investing is very important. But if you don't have money
31:39
Speaker 1: to invest, how you're going to invest? And right now,
31:42
Speaker 1: in this job market right now, good luck trying to
31:45
Speaker 1: find a high paying job. And even if you do,
31:47
Speaker 1: inflation is so how you're not even gonna you know,
31:49
Speaker 1: make a difference. So it's like for most of us,
31:51
Speaker 1: Like for me personally, I went to a state school,
31:54
Speaker 1: so I have a communications degree, so I have a
31:56
Speaker 1: liberal arts degree from a mid level state school. And
32:00
Speaker 1: it's like, if I was actually out here trying to
32:02
Speaker 1: find a job right now, I'd be in trouble. You know,
32:04
Speaker 1: I will say this though, you know, I think we
32:05
Speaker 1: have to support each other in a way that other
32:09
Speaker 1: communities do. Right, have a friend that's Jewish and he
32:12
Speaker 1: was telling me that a friend opened up a restaurant
32:14
Speaker 1: in Brooklyn and he said, for like three months straight
32:17
Speaker 1: there was a line around the corner or a restaurant.
32:20
Speaker 1: And this was when he was young growing up. And
32:21
Speaker 1: he asked, well why, and he was like, well, in
32:23
Speaker 1: our community, when somebody opens up a restaurant, we're going
32:26
Speaker 1: to support them for the three months every day until
32:28
Speaker 1: we can make sure that they can control run on
32:30
Speaker 1: their own. And I was like, that's big. He knows
32:33
Speaker 1: for the three to six months that he has a
32:35
Speaker 1: built in crowd that's going to support his restaurant and
32:37
Speaker 1: make sure his restaurant is good. And he said, even
32:39
Speaker 1: if the food is bad, or even if they have
32:40
Speaker 1: bad service, he said, it's still a line around the
32:43
Speaker 1: corner because we all we care about is making sure
32:45
Speaker 1: that he's good. If he's good, his family's good, and
32:47
Speaker 1: that money stays in that community. We don't do that enough.
32:50
Speaker 1: As our people they get starting to happen, they're starting
32:53
Speaker 1: to happen. But it's also a part of tradition and
32:54
Speaker 1: culture too. Like so a friend of mine is Indian
32:57
Speaker 1: and he got married, and you know Indian if you
33:00
Speaker 1: ever been, just like a whole week of celebration. So
33:02
Speaker 1: when I went to his wedding in Jersey, he was saying,
33:04
Speaker 1: his father in law owns like a motel chain. So
33:07
Speaker 1: if you know anything about Indians in the motel industry,
33:09
Speaker 1: they own like seventy percent of the motel especially on
33:12
Speaker 1: the East Coast. So he was explaining to me the
33:14
Speaker 1: situation of how they do it. So he's like, they
33:15
Speaker 1: come and they like one person will get a motel, right,
33:19
Speaker 1: and they work the motel, and then they bring the
33:22
Speaker 1: other family members from India over and then all of
33:24
Speaker 1: the family they have no choice but to work the
33:26
Speaker 1: hotel and they like have different positions in the motel.
33:29
Speaker 1: And then they saved the money and then they opened
33:31
Speaker 1: up another motel. So it's like the brother will take
33:34
Speaker 1: the other motel and then the family will come and
33:37
Speaker 1: it's like it's like a domino effect, like they do
33:39
Speaker 1: it one by one by one, and then like before
33:42
Speaker 1: you know it, now they own like they have a
33:43
Speaker 1: monopoly on the motel chains. And it's like who's really
33:46
Speaker 1: thinking about owning motels like gas stations, Like you know
33:48
Speaker 1: what I'm saying. So it's like it's like you find
33:50
Speaker 1: a niche area and then you use family and you
33:55
Speaker 1: keep the money within and now you actually just grow
33:58
Speaker 1: from there. So that's something that's very important. And it's
34:01
Speaker 1: like for us even having family, right, I feel like
34:05
Speaker 1: if my son has to find a job when he's sixteen,
34:08
Speaker 1: I failed as a business owner because it's like what's
34:11
Speaker 1: the point of doing all this work, staying up, traveling
34:13
Speaker 1: all that. Like, if you want a job, come work
34:16
Speaker 1: for me. Yeah. That was one of the things even
34:18
Speaker 1: from teaching, like they was like, yeo, man, you can't
34:21
Speaker 1: teach that you too, specially be like in that side
34:23
Speaker 1: of a school, And I was be sitting there like
34:25
Speaker 1: I could work here for twenty five years, Right, it
34:28
Speaker 1: won't guarantee that my son can get an interview, Right,
34:31
Speaker 1: Like I watched my dad work for forty years in
34:33
Speaker 1: the city. I don't even know where it was at.
34:35
Speaker 1: It didn't guarantee me anything, right, And so when we
34:37
Speaker 1: start thinking like that, it's like, well, what are we
34:39
Speaker 1: passing down? Right? If it's my name is not on it,
34:41
Speaker 1: I can't give it to him. So if my name
34:43
Speaker 1: is not on that school, it can't guarantee that he
34:44
Speaker 1: gets a job there. But there's a guarantee that if
34:47
Speaker 1: we create something, we can pass that down to our kids. Now,
34:49
Speaker 1: they could choose to say, look, I don't want to
34:51
Speaker 1: do my whole thing, which is great, right, let's extend
34:53
Speaker 1: the legacy even further. Or they could say, look, I
34:56
Speaker 1: love what you're doing, dad, Can you pass the torch?
34:58
Speaker 1: Is that a position for me inside of this company?
35:00
Speaker 1: And that's something we didn't really see a lot, but
35:02
Speaker 1: it's happening now and you're still a teacher, and when
35:04
Speaker 1: it educator and even when kids. You know, you might
35:08
Speaker 1: can't pass from a job, but you got so many
35:09
Speaker 1: different connections. If they want to go do their whole thing,
35:11
Speaker 1: you'd be like, oh, I know somebody that can help
35:13
Speaker 1: you with But also with the Internet, I think this
35:16
Speaker 1: is the easiest time in the world to be a
35:18
Speaker 1: business owner. Right. The information and technology that's available today,
35:22
Speaker 1: it wasn't here when I first came into mortgage business.
35:24
Speaker 1: There wasn't all of this information and technology. I mean
35:27
Speaker 1: now you have things like Toro that just got passed
35:29
Speaker 1: in New York. If you have a car, you could
35:31
Speaker 1: put it on Toro. You can make money now, start
35:33
Speaker 1: to run a car business. Right. If you own a house,
35:35
Speaker 1: if you're struggling with your mortgage, you could put it
35:37
Speaker 1: on Airbnb. Right. So there's so many different opportunities that's
35:40
Speaker 1: out there. You just have to have to hunger and
35:42
Speaker 1: a desire to go out there and search for it
35:44
Speaker 1: and get it. Hell, I know people who sell vegan
35:47
Speaker 1: patties and you know, and now they got a catering
35:49
Speaker 1: business and they cook it out of their house and
35:51
Speaker 1: patties in our coffee shop from brand's Patty. And that's why, like, look,
35:56
Speaker 1: you're starting coffee shops, you're doing radio, you're doing everything.
35:59
Speaker 1: So there's so many ways to skin a cat in
36:01
Speaker 1: this world that you just have to be out there
36:03
Speaker 1: and be focused and want to get it because a
36:05
Speaker 1: lot of people just want things to come to them
36:07
Speaker 1: and they're not willing to go work for it. But
36:08
Speaker 1: sometimes you also have to realize that, I think one
36:11
Speaker 1: of the hardest parts. People sometimes think that being an
36:14
Speaker 1: entrepreneur is like really sexy and you're gonna make money
36:17
Speaker 1: right away. A lot of times it's a lot of
36:20
Speaker 1: struggles and it's a lot of stress, a lot of
36:21
Speaker 1: stress and off. Yeah, and a lot of businesses don't
36:26
Speaker 1: end up working the way you anticipated and it might
36:29
Speaker 1: take years if you ever even do make some money
36:32
Speaker 1: from it. So you know, those are all things to
36:34
Speaker 1: take into consideration too when you're doing your business plan,
36:37
Speaker 1: or maybe you have to pivot and switch what your
36:40
Speaker 1: business plan was originally, or maybe you have to get
36:43
Speaker 1: investors or partners. You know, there's a lot of different
36:46
Speaker 1: ways that you can try to make it work, but
36:49
Speaker 1: it's definitely stressful. Like your phone can go off, you know,
36:53
Speaker 1: all hours of the night, at anytime, every little thing
36:55
Speaker 1: that goes wrong, everybody is hitting me up about it,
36:58
Speaker 1: and I'm trying to find solutions even if I can't
37:00
Speaker 1: be there. I'm trying to do my thing, but I'm
37:02
Speaker 1: also trying to make sure that you know, things are
37:05
Speaker 1: taken care of at the coffee shop, at the juice bar,
37:08
Speaker 1: at the hear store. And it's a lot of stress sometimes,
37:11
Speaker 1: And I think that's why this time is so important, right,
37:13
Speaker 1: because like, even though you're going through those things, you
37:16
Speaker 1: have opportunity and information around you to say, all right,
37:19
Speaker 1: well I'm going through these struggles. Who else is going
37:21
Speaker 1: through it? Right? And so like when you could share
37:23
Speaker 1: your struggles, you could come to a commonality like, all right,
37:25
Speaker 1: well here's what I did when I went through that.
37:27
Speaker 1: Whereas in the past it was like we got to
37:28
Speaker 1: figure that's out on our old amost songs. We failed. Right,
37:31
Speaker 1: So when you got a coffee shop and my man
37:32
Speaker 1: got a donal shop, he's pulling in Brooklyn, he can
37:35
Speaker 1: he has a different eye for the business that you
37:37
Speaker 1: may not have, and now you have different visions than
37:39
Speaker 1: he might have. He puts that together in his business.
37:41
Speaker 1: Now he's out of here. I already told him. I said,
37:43
Speaker 1: let's put them donuts in the talk about crypto, is
37:49
Speaker 1: it still viable to invest in long term? Yeah, I
37:51
Speaker 1: think crypto if you know, if you believe in anything,
37:53
Speaker 1: you got to have a long term perspective in it, right,
37:56
Speaker 1: So cryptocurrency, I feel like it's something that I mean,
37:59
Speaker 1: just look at at the landscape. You got major institutions
38:02
Speaker 1: buying tons of bitcoin. You got you know, it's becoming
38:06
Speaker 1: more and more accessible. You got bitcoin ATM machines popping up.
38:10
Speaker 1: Now they're still a long way to go. It's not
38:13
Speaker 1: you know, mainstream yet. But I think blockchain technology and
38:17
Speaker 1: cryptocurrency is something that's here to stay. And um, you know,
38:20
Speaker 1: once again, it's studying history. Crypto has always had crashes,
38:23
Speaker 1: Like if you study the crypto market, this is pretty normal,
38:26
Speaker 1: Like it always has crash. It's extremely volatile asset, which
38:29
Speaker 1: is why you shouldn't invest anything that you can't afford
38:30
Speaker 1: to lose, and you shouldn't invest anything that you necessarily need.
38:33
Speaker 1: Like it's not investing, it's not gambling. That's the thing.
38:38
Speaker 1: A lot of time people will say like, oh, it's
38:40
Speaker 1: like going to Vegas, Like they say that a lot
38:43
Speaker 1: investing is not gambling because gambling is a game of
38:45
Speaker 1: chance and investing is a game of knowledge. But investing
38:48
Speaker 1: can be synonymous with gambling. When you start using gambling principles,
38:52
Speaker 1: when you when you when you when you invest not
38:58
Speaker 1: using knowledge, then it is gambling. So if you just
39:00
Speaker 1: buy doage coin because every single person is talking about
39:03
Speaker 1: dodge coin, you don't know nothing about it, you don't
39:05
Speaker 1: understand it. You buy at the high, now you're gambling, right.
39:09
Speaker 1: Something is so many people, like you said, they listen
39:11
Speaker 1: to people that don't do their homework. And that's the problem.
39:14
Speaker 1: That's one of the things that you said. The internet
39:16
Speaker 1: is good, but it makes the internet bad as well
39:18
Speaker 1: because everybody now is is somebody that is a specialist.
39:21
Speaker 1: Everybody right now is somebody that's an educator, and they're
39:24
Speaker 1: educating the wrong people. That's why I like your platform
39:26
Speaker 1: because you bring people that are successful and actually show
39:29
Speaker 1: because everybody because right now the money's in the actual Yeah,
39:34
Speaker 1: real estate is teaching real estate. It's not in actually
39:36
Speaker 1: doing crypto. It's teaching crypto. And there's so many people
39:38
Speaker 1: following so many bad examples that really hurt people. Yeah,
39:42
Speaker 1: but that's real what you should talk about, you the
39:44
Speaker 1: dinner scam. Yeah, there's a lot of those seminar scams,
39:47
Speaker 1: a lot of experts scams. Yeah, yeah, for sure. I
39:52
Speaker 1: mean you know, it's like this always going to be that, right,
39:54
Speaker 1: because it's like, um, there's people that's scullible, right, and
39:59
Speaker 1: that's your human nature. It's like it's people that's scullable,
40:01
Speaker 1: and that's happening into every field, not just financial literacy.
40:03
Speaker 1: You got religion probably the biggest one. You got people
40:06
Speaker 1: that scullable that's gonna give people their money just because
40:09
Speaker 1: they're saying, if you give me your money, you get
40:11
Speaker 1: to go to heaven. They haven't done any research though,
40:14
Speaker 1: they haven't fully read whatever text that they're supposed to
40:17
Speaker 1: read to understand it. They're just going off of what
40:19
Speaker 1: somebody is telling them. So I always tell people a
40:21
Speaker 1: time market money if you say, do your research, never
40:24
Speaker 1: even met troy Ian whatever like, and we do this
40:28
Speaker 1: every single day. Don't just do something because I said it,
40:31
Speaker 1: because at the end of the day, I'm not responsible
40:33
Speaker 1: for your family. You are right, so you could, but
40:35
Speaker 1: you could take information, but ultimately it's up to you
40:38
Speaker 1: to actually do the research. And then make an educated
40:40
Speaker 1: decision for yourself. But I feel like cryptocurrency is something
40:43
Speaker 1: that is definitely here, but just be careful. I mean,
40:45
Speaker 1: you have the major cryptos like you know, Ethereum and Pitcoin,
40:49
Speaker 1: then you got you know a few that's coming up,
40:50
Speaker 1: like Salana. But you know, once again, people instead of
40:54
Speaker 1: trying to invest in those, they'll go for like the
40:56
Speaker 1: one that nobody heard of that's zero zero zero point
41:02
Speaker 1: eight since because they're like, all, if it goes to
41:03
Speaker 1: a dollar, made it, I made everything. But nine times
41:06
Speaker 1: out of ten it's gonna go to zero, it's not
41:07
Speaker 1: gonna be worthless anymore. And I'm only speaking from personal
41:09
Speaker 1: experience twenty seventeen when I first started invested in crypto,
41:12
Speaker 1: and a lot of those cryptos that I invested in,
41:14
Speaker 1: they're not worth anything anymore. So you everybody, nobody's perfect.
41:18
Speaker 1: You learn, and as you learn, then you can speak
41:20
Speaker 1: from real life experiences, because at a certain point, we
41:23
Speaker 1: all will get greedy, Like we'll all say like, damn,
41:26
Speaker 1: this is tempting, let me roll the dice. But nine
41:29
Speaker 1: times out of ten, whenever you do that, and whenever
41:31
Speaker 1: you try to do something to just make money quickly,
41:34
Speaker 1: nine times out of ten, you're gonna lose it just
41:36
Speaker 1: as quick. And as far as that, we're actually telling you, like, listen,
41:40
Speaker 1: we did this, We've lost money. We're telling you so
41:43
Speaker 1: you don't make the same mistake. But when people are
41:45
Speaker 1: in survival mode, they'll take risky chances, right, and the
41:48
Speaker 1: key worriors, we're saying invest right. So you know, when
41:50
Speaker 1: we talk about invest it's more than three days, it's
41:53
Speaker 1: more than a month. I'm talking long term. So we
41:55
Speaker 1: saw a crypto, we saw a bitcoin go up to
41:57
Speaker 1: sixty thousand. We've seen it pull back to twenty thousand.
41:59
Speaker 1: They just had a servey. They said it's probably go
42:01
Speaker 1: to ten before it goes up to thirty. And so
42:03
Speaker 1: we know that, all right, we're here for the long term.
42:05
Speaker 1: We're not trading on the daily basis because it's such
42:07
Speaker 1: a viletow asset and people are not even skilled traders.
42:10
Speaker 1: They're just going off a speculation. And so hey went
42:12
Speaker 1: to thirty. Oh wait, I gotta get it before it
42:14
Speaker 1: gets thirty five. We do that, You're gonna lose money?
42:16
Speaker 1: Are you guys buying bigcoin? Now? Personally, if if it
42:19
Speaker 1: got to get a little lower, but if it gets
42:21
Speaker 1: to that ten thousand. Yeah, definitely, I'm all's lowed the
42:25
Speaker 1: boat shout out to the end. Same rules apply for
42:28
Speaker 1: the stock market too. Rights the same principle. It's the
42:30
Speaker 1: same principle we said about real estate, the same thing
42:32
Speaker 1: we said about the stock market, the same thing about crypto.
42:34
Speaker 1: When people are fearful, great, get greedy. When people are greedy,
42:40
Speaker 1: be fearful, right, And this tool so like we even
42:43
Speaker 1: talk to people like listen, you can go to the
42:44
Speaker 1: CNN dot com that got the fair and Greed Index.
42:47
Speaker 1: It'll tell you, like what the overhall synopsis of investing community,
42:52
Speaker 1: and they'll they'll show you, like if it's zero to
42:54
Speaker 1: twenty people in fair, all right, let me go look
42:56
Speaker 1: at some investment opportunities. When I see it at sixty
42:59
Speaker 1: nine to eighty nine, I'm like, all right, well I
43:01
Speaker 1: might need to coming out of some of these positions.
43:03
Speaker 1: We're about to have a pullback. But then also when
43:05
Speaker 1: things don't you can use your common sense a lot.
43:07
Speaker 1: When things don't make sense, that's when you start to realize.
43:09
Speaker 1: Like it's like when you start to see, you know,
43:12
Speaker 1: doge coin just going every single day, it's just going
43:15
Speaker 1: up just because Elon must tweets it like that starts
43:17
Speaker 1: to not make sense, right when you start to see
43:19
Speaker 1: even Tesla stock just you know, go up eight and
43:23
Speaker 1: one year. Yeah, there's a lot of Tesla's on the road,
43:25
Speaker 1: But what is Tesla really that strong? Probably not right,
43:29
Speaker 1: you know what I'm saying. It's kind of like common sense,
43:31
Speaker 1: even real estate. When you start seeing people paying one
43:34
Speaker 1: hundred thousand dollars over asking, that starts to not make
43:37
Speaker 1: sense after a while, right, And it's like that's when
43:40
Speaker 1: it starts to get a little scary because it's like
43:42
Speaker 1: that's not sustainable. I agree, I agree. And then what
43:45
Speaker 1: I tell I tell our people all the time is
43:47
Speaker 1: don't be afraid to let it go. Like I told
43:49
Speaker 1: Matt all the time, like I will sell anything with
43:52
Speaker 1: my kids and my wife because time everything would up
43:58
Speaker 1: in price, whether it was caused, whether it was watches,
44:00
Speaker 1: whether it's bags, whether with shoes, whether it was sneakers,
44:02
Speaker 1: whether it's belts, whatever you had, tangible shot up in price.
44:05
Speaker 1: And I got rid of all of it, Like you know,
44:08
Speaker 1: it doesn't matter to me because it's all things, and
44:10
Speaker 1: if I could make money off of it, that's the goal.
44:12
Speaker 1: I got rid of cars, like I told you everything
44:14
Speaker 1: had to go, and sometimes be like I don't want to,
44:16
Speaker 1: like I told everybody during the pandemic, give it all.
44:18
Speaker 1: Those sneakers can't wear them anyway. They're going to shooting
44:21
Speaker 1: foot prices that we've never seen before. Chanel bagsman up.
44:24
Speaker 1: Right after we left last I get a text message,
44:35
Speaker 1: but I'm like, hey, I'm invested as a Channel Bag.
44:38
Speaker 1: I'm like okay, And then I read the article. I'm like, yeah,
44:40
Speaker 1: they appreciated by like seven percent. I'm like, oh word.
44:44
Speaker 1: And then Christmas Cars and I was like, oh, you
44:47
Speaker 1: know that Channel Bag. I'm like, say, it's a good investment.
44:51
Speaker 1: So good investment to be if you're willing to sell it,
44:53
Speaker 1: if you want to sell yeah. So I mean it's
44:54
Speaker 1: the truth though, like those luxury goods have appreciated it.
44:56
Speaker 1: They only let you buy one Channel Bag a month
44:59
Speaker 1: now too. Only the hardship of the reason why when
45:11
Speaker 1: they say that, I didn't get it a woman personal
45:18
Speaker 1: shop now because too many people are reselling them. So
45:21
Speaker 1: what happens is people are going in and buying several
45:23
Speaker 1: bags and then they're reselling that. Man. Chanell doesn't want
45:26
Speaker 1: you to do that, so now they have your name
45:28
Speaker 1: like in the system. If you buy a bag, they
45:31
Speaker 1: won't let you buy another one. If they see you
45:32
Speaker 1: buy too many things, they won't sell them to you
45:34
Speaker 1: because they feel like you're reselling them and making a
45:37
Speaker 1: profit and they don't want that. I'm putting your mother's name,
45:39
Speaker 1: put in your father's name, your uncle's name, cousins, but
45:43
Speaker 1: it really is talking about crypto. That's what NFTs is
45:46
Speaker 1: going to change the game. And don't believe it, but
45:54
Speaker 1: that's what NFT is gonna change the game. Because imagine
45:56
Speaker 1: if Chanelle all those bags with NFTs, right, So, then
45:58
Speaker 1: they don't really care about the sale because they get
46:00
Speaker 1: commissions on the resell So like if their resale was
46:03
Speaker 1: thirty percent commission every single time it gets resold. So
46:06
Speaker 1: now look how much more money that would bring to
46:08
Speaker 1: the company Nike, all of those Nikes that's selling for
46:11
Speaker 1: like one hundred and fifty retail than they selling for
46:13
Speaker 1: like eight hundred dollars in stock. X Imagine if Nike
46:16
Speaker 1: had a fifty percent commission on because that's what you
46:19
Speaker 1: could do with NFT, right, So now every single time
46:22
Speaker 1: it gets sold, Nike's gonna just keep making more they're
46:24
Speaker 1: gonna encourage the resellers because now it's just they're gonna
46:28
Speaker 1: make more money from the resellers than they actually gonna
46:31
Speaker 1: make from just putting it in stores. And they get
46:33
Speaker 1: and they get the ability to authenticate it, right, because
46:35
Speaker 1: that was one of the issues with soccer extent. Hey
46:38
Speaker 1: these ain't really they're not real. But now the NFT,
46:40
Speaker 1: actually you can authenticate the sneaker, which actually makes it
46:43
Speaker 1: more of a rare commodity, right because it's like, hey,
46:46
Speaker 1: there's only two thousand of them, so that the price
46:48
Speaker 1: goes up on it automatically because it's a rarity, and
46:51
Speaker 1: then the resale price goes up even further, so there's
46:53
Speaker 1: more money to be made. So be on that. That's
46:55
Speaker 1: one of those technologies that we're gonna definitely see. Like
46:57
Speaker 1: so when ross the last thing about the NFTs, a
46:59
Speaker 1: lot of times who pay attention to the wrong things.
47:03
Speaker 1: Now go ahead, yeah, there's this own one right now.
47:11
Speaker 1: So like people saying like like the monkeys and the artwork,
47:16
Speaker 1: and they thinking like there has no value n yeah, yeah,
47:19
Speaker 1: but that's only part of it. The technology is what
47:22
Speaker 1: you should be focused on. The blockchain technology and what
47:25
Speaker 1: we just talked about as far as how to authenticate
47:27
Speaker 1: things and how to have commissions on things. Take away
47:31
Speaker 1: the bananas and the apes and all of that, like,
47:33
Speaker 1: that's probably a fat that's not probably gonna be here.
47:36
Speaker 1: The technology can't be denied and the technology is gonna
47:39
Speaker 1: end up changing the world. Yeah. The problem with the
47:41
Speaker 1: NFTs people when they first started talking about it, they
47:43
Speaker 1: talked about it like art that appreciates with value, and
47:46
Speaker 1: I think that's that's that was the mistake was in
47:48
Speaker 1: the messaging. I think, yeah, now you're right, you're right,
47:51
Speaker 1: Well invest first, give them the date where they could
47:53
Speaker 1: get tickets, and you guys for joining us. We learned
47:56
Speaker 1: so much. Many more bottles and be more bottles. Easy though,
48:07
Speaker 1: because I know so many women who come at me
48:09
Speaker 1: about regards, I'm like, I hope you ain't going on
48:11
Speaker 1: dates with all these women because that's gonna cost a lot.
48:12
Speaker 1: I gotta be selective. It's been in five three to
48:16
Speaker 1: five one dates I can add up. It's a very
48:19
Speaker 1: selective process that I'm actually managing that. Oh yeah, yeah,
48:26
Speaker 1: she's actually my manager. Okay, his dating So I kind
48:30
Speaker 1: of feel damns about the man shambleshit shot Kincher Ker
48:45
Speaker 1: Singer show Yo Hour Reach is crazy, Yeah, crazy show.
48:49
Speaker 1: It was hilarious. Shot five that week. At least before
48:55
Speaker 1: we show content for your love, that's you know love.
49:11
Speaker 1: Would you be interested in? What is? What? What are
49:13
Speaker 1: you looking for what? Steve Harvey ask that question? Now
49:24
Speaker 1: you know I'm not gonna lie before you came in
49:26
Speaker 1: every day ask me. I could share that. I appreciate that.
49:43
Speaker 1: The ladies, the ladies man, you know, for me, it's
49:46
Speaker 1: just a vibe. You know, it's about curating a vibe,
49:52
Speaker 1: you know, some good energy, a whole lot of good energy.
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Speaker 1: Keep actors. I won't bring up that. I won't bring
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Speaker 1: up the other clip, but that was really invest vest
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Speaker 1: INVESTFST dot com get your tickets before sold out VIP experience,
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Speaker 1: DJ Envy will be there, Sean God will be there,
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Speaker 1: will be there, will Angela. I didn't even ask me
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Speaker 1: actually now all right, Steve Harvey, of course, Tyler Perry,
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Speaker 1: Rick Ross, the whole gang man. So yeah, everybody getting
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Speaker 1: paid in dos coin, don't father will be the father,
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Speaker 1: but not. We appreciate you, guys, man, It's always love.
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Speaker 1: Thank you for having us and go to INVESTFST dot com.
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Speaker 1: Get your tickets. It's gonna be you know, it's gonna
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Speaker 1: be a whole and um, we love you, Atlanta. We'll
51:02
Speaker 1: see you soon. That's all right. It's the Breakfast Club.
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Speaker 1: Earn your leisure