Latest / Money And Wealth With John Hope Bryant / The Future of Money Is Here: AI, Fintech & Building Wealth with Nicole Valentine

Transcript

The Future of Money Is Here: AI, Fintech & Building Wealth with Nicole Valentine · Money And Wealth With John Hope Bryant

• 0:00
  Speaker 1: Welcome The Money in Wealth with John ho Bryant, a
• 0:03
  Speaker 1: production of the Black Effect Podcast Network and iHeartRadio. Hey, Hey, Hey,
• 0:14
  Speaker 1: this is John Hope Bryant and this is the Money
• 0:17
  Speaker 1: in Wealth podcast series, Season three on Black Effect.
• 0:22
  Speaker 2: Network and iHeartRadio.
• 0:25
  Speaker 1: I want to thank the audience for making this podcast
• 0:27
  Speaker 1: series one top one percent in the world, top fifty
• 0:31
  Speaker 1: approximately for entrepreneurship, top two fifty forever business on every continent,
• 0:36
  Speaker 1: a global audience that is trying to unpack the miracles
• 0:40
  Speaker 1: of capitalism and free enterprise and aspiracial success and repack
• 0:44
  Speaker 1: it with themselves in mind. They want to go from
• 0:47
  Speaker 1: the streets to the suites. We are We'd like to
• 0:50
  Speaker 1: say we like PhDs and PhDs too, So we sort
• 0:53
  Speaker 1: of have that kind of guest today. You know what
• 0:55
  Speaker 1: I bring a guest on. They are special, they are unique,
• 0:59
  Speaker 1: They are best in class in their space. And when
• 1:05
  Speaker 1: I bring out Michael Milkin, who is basically created modern
• 1:09
  Speaker 1: finance on Wall Street, and then I bring on somebody
• 1:12
  Speaker 1: who works at the Milking Center and there are hundreds
• 1:16
  Speaker 1: and hundreds of people there at the Milking Center around
• 1:19
  Speaker 1: the world, you know that they are best in class.
• 1:24
  Speaker 1: I'm also proud to say, for those listening to this,
• 1:27
  Speaker 1: it's a sister. And if I got to translate that
• 1:29
  Speaker 1: for you as a black woman, and that is not
• 1:33
  Speaker 1: meaningful to many people. But for her to accomplish what
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  Speaker 1: she's accomplished as a female first of all, and as
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  Speaker 1: a black female secondarily, and to be seen not as
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  Speaker 1: a black person or female, but as a really leading
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  Speaker 1: expert in the world in this area of financial technology
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  Speaker 1: or fintech and money and digital money and AI and technology,
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  Speaker 1: not just here in the US, but we see here
• 1:59
  Speaker 1: all around the world, the Middle East, Europe, Africa, Asia,
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  Speaker 1: and no one questions when Nicole Valentine opens her mouth,
• 2:09
  Speaker 1: let me tell you a little bit about her.
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  Speaker 2: Today's guests.
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  Speaker 1: Is one of the leading voices helping shape the future
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  Speaker 1: of financial innovation, economic conclusion, and responsible technology policy in
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  Speaker 1: America and around the world. The co Valentine serves as
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  Speaker 1: the Director of Fintech Financial Technology at the Milkin Institute,
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  Speaker 1: where she leads conversations and initiatives focused on financial technology.
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  Speaker 1: So not just conversations, she's moving the agenda artificial intelligence,
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  Speaker 1: digital assets, inclusive innovation, and the future of global financial systems.
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  Speaker 1: Before joining Milkin Institute, and the co held leadership roles
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  Speaker 1: across government, banking, and financial services, giving her a rare
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  Speaker 1: three sixty degree perspective on technology policy, regulation what they
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  Speaker 1: call capital markets. She has become a trusted advisor and
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  Speaker 1: convener amongst policymakers, financial institutions, fintech founders, Silicon Valley technologists,
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  Speaker 1: and global leaders navigating the rapidly evolving digital economy. Her
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  Speaker 1: work focuses not just on innovation for innovation's sake, one
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  Speaker 1: of how technology can expand opportunity, increase financial access, strengthen
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  Speaker 1: economic resilience, and ensure underserved communities have a seat at
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  Speaker 1: the table on AI and fintech. If you're not on
• 3:34
  Speaker 1: the table at the table, you're on the menu, I
• 3:37
  Speaker 1: always say.
• 3:39
  Speaker 2: And she would agree with.
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  Speaker 1: At a moment when artificial intelligence is changing everything from
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  Speaker 1: banking and lending to jobs and wealth creation, Nicole is
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  Speaker 1: helping lead one of the defining conversations of our time,
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  Speaker 1: how do we build a future that is both technologically
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  Speaker 1: advanced and economically inclusive? And as you know that, I'm
• 4:02
  Speaker 1: passionate about that. My new best selling book, Capitalism for
• 4:05
  Speaker 1: All underscores exactly that. And her employee if you want
• 4:10
  Speaker 1: to call her that. Michael Milkin is one of the forwards,
• 4:13
  Speaker 1: one of the three forwards on that important book. So
• 4:15
  Speaker 1: let's talk about the future of money, and not just
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  Speaker 1: physical money, but all incarnations of it. And we're going
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  Speaker 1: to start with a big picture and grow and run
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  Speaker 1: it right to the ground of your tabletop economics. Because
• 4:30
  Speaker 1: you're right now, if you're in the world, you've got
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  Speaker 1: too much month at end of your money, and you're
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  Speaker 1: concerned about the future. Ladies and gentlemen, welcome Nicole Valentine.
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  Speaker 3: Hey, my friend, Hi John, thank you so much. I
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  Speaker 3: want to thank you for inviting me to this podcast,
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  Speaker 3: this number one podcast that you have money and wealth,
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  Speaker 3: and I want to thank you for your presence, your influence,
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  Speaker 3: your voice on the Milk and Institute platform. When I
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  Speaker 3: see you get up and move the room in the
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  Speaker 3: direction of economic mobility, in the direction of the necessity
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  Speaker 3: for all of us to operate as if we're all
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  Speaker 3: on one boat and we're rowing in the same direction
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  Speaker 3: together towards capitalism, towards economic mobility and economic freedom. I
• 5:20
  Speaker 3: just want to commend you as I see you in
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  Speaker 3: action and so the PhD I see it in.
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  Speaker 1: Action well, thank you very much for those. And this
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  Speaker 1: tells you a little bit about who she is.
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  Speaker 2: Now.
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  Speaker 1: I've never said this publicly, and I haven't sold herd
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  Speaker 1: this even privately. She's an advisor, even to me, by
• 5:39
  Speaker 1: the way I call her for advice on things and
• 5:41
  Speaker 1: the perspectives on the regular. She's just wicked smart. I've
• 5:45
  Speaker 1: never said this. There's a video one of We've gone
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  Speaker 1: viral countless times now.
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  Speaker 2: On digital media, over billion video views in two years.
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  Speaker 1: But there's a video a couple of years ago, maybe
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  Speaker 1: three years ago, that went viral and has nowten millions
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  Speaker 1: of views, and it talks about being the federal Reserve
• 6:03
  Speaker 1: of the hood. And it caught me a day when
• 6:05
  Speaker 1: I was a little worn out, a little exhausted. I
• 6:09
  Speaker 1: wasn't moved for a long conversation, and I was checking
• 6:12
  Speaker 1: boxes of my commitments. And I went to the Milking
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  Speaker 1: conference and she was leading this session with a bunch
• 6:17
  Speaker 1: of luminaries, and I figured they didn't need me to speak.
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  Speaker 1: They had a bunch of people there speaking, So I
• 6:22
  Speaker 1: just cut my conversation short and what do you want whatever?
• 6:26
  Speaker 1: What do you want to see? And what do you
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  Speaker 1: want to do? And I said I want to be
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  Speaker 1: the Federal Reserve or the Hood. And that thing just
• 6:31
  Speaker 1: took off and it's still I mean, it's still going.
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  Speaker 1: And Nicole was a moderator and she was right next
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  Speaker 1: to me when that happened, and not one time in
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  Speaker 1: all this time, and she said, you know, you didn't
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  Speaker 1: mention me in that clip. It doesn't say that I
• 6:47
  Speaker 1: was a moderator of that clip. I want credit for that.
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  Speaker 1: Why did they cut me out of the editing? Why
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  Speaker 1: I had nothing to do with the editing.
• 6:54
  Speaker 2: But that just.
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  Speaker 1: Shows you how rooted in what's real and what's important
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  Speaker 1: she is, and how ego is not part of her h.
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  Speaker 2: Operating system.
• 7:07
  Speaker 1: Before we get into this topic of how you're operating,
• 7:11
  Speaker 1: I think that cross polonies with my next my first
• 7:14
  Speaker 1: question of how you operate in the world comfortably, in
• 7:16
  Speaker 1: in the least, in Asia, in Africa, in Europe, in
• 7:21
  Speaker 1: Latin America, and you're unbothered where I see you. You're
• 7:25
  Speaker 1: comfortable in your own skin, reasonably so. And we want
• 7:27
  Speaker 1: people watching this, people of color, women, people are outsiders
• 7:32
  Speaker 1: trying to come insiders. We want them to be comfortable
• 7:34
  Speaker 1: going in any room and represent themselves without pounding on
• 7:39
  Speaker 1: their chests or taking drawing undue attention to themselves which
• 7:44
  Speaker 1: didn't make them look silly. So what is your background
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  Speaker 1: and how does that inform how you were raised? How
• 7:51
  Speaker 1: does that inform I guess I'm asking you about mom
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  Speaker 1: and dad or whatever. How does that inform your self
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  Speaker 1: esteem and your confidence? And how from from the fact
• 7:59
  Speaker 1: that you never even mention this viral video and how
• 8:03
  Speaker 1: it didn't include you necessarily, even though I would have
• 8:07
  Speaker 1: done it in an instant. You just did you? You
• 8:10
  Speaker 1: just called me like, hey, this is cool. This video
• 8:11
  Speaker 1: is everywhere, but you've never draw attention to yourself or
• 8:15
  Speaker 1: and or how does that connect? I think it's the
• 8:17
  Speaker 1: same thing with how you show up with gentleness but
• 8:22
  Speaker 1: strength here and all around the world. Where does that
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  Speaker 1: quiet confidence of I am enough come from?
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  Speaker 2: What's the backstory?
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  Speaker 4: Well?
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  Speaker 3: I think it's it's the I know who I am,
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  Speaker 3: and I know whose I am, and if you go
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  Speaker 3: back to the roots, the root of it. And I
• 8:41
  Speaker 3: never did a skip gates finding your roots. But I
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  Speaker 3: know my roots, and my roots go back to the
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  Speaker 3: founding of this country. My roots go back hundreds and
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  Speaker 3: hundreds of years.
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  Speaker 4: And if you're.
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  Speaker 2: Talking slavery or we're talking about something else.
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  Speaker 4: So so combination of things.
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  Speaker 3: So my brother and our family historian traced our roots
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  Speaker 3: back to a relative, a great great great great grandfather
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  Speaker 3: who fought in the Revolutionary War UH at the commands
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  Speaker 3: of George Washington, the Continental Army. A lot of Virginia,
• 9:21
  Speaker 3: a lot of Virginians fought with George Washington in that
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  Speaker 3: Continental Army. And he's an African descendant. He was, you know,
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  Speaker 3: he he was.
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  Speaker 4: He was a will right.
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  Speaker 3: So his name is Jacob will Wright Chavis. And a
• 9:40
  Speaker 3: whill Wright is someone that knows how to fix the wheels.
• 9:43
  Speaker 3: And as you know, in those days, wheels were important
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  Speaker 3: to move things, to to move you know, machinery, to
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  Speaker 3: move weapons, and so that was you know, that was
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  Speaker 3: my my great great grandfather or many many, you know
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  Speaker 3: remove and I.
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  Speaker 4: The African descent.
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  Speaker 3: There there were about between those who do history, they
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  Speaker 3: say about five to seven thousand soldiers were of African
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  Speaker 3: descent that fought in the Revolutionary War. They were all
• 10:19
  Speaker 3: there were also African soldiers were recruited by the British,
• 10:23
  Speaker 3: but they were also recruited by George Washington. And for
• 10:27
  Speaker 3: your service in the Continental Army, you got your free papers,
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  Speaker 3: and not just your free papers, but you and your
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  Speaker 3: issue were free forever. And so there is a free
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  Speaker 3: side of my family that then intermarried with some of
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  Speaker 3: the other free side, and so there's a there's a
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  Speaker 3: story there.
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  Speaker 4: And I have stories of share you know, sharecropping and.
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  Speaker 3: Slavery at all of that. But all of that is
• 10:57
  Speaker 3: a mixture, it's a it's a quilt, and it all
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  Speaker 3: lives inside of me. And so when we talk about
• 11:06
  Speaker 3: the roots, talk about your roots and who you are
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  Speaker 3: and who you are and where you come from, and
• 11:12
  Speaker 3: what you're invested in and what you own. A piece
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  Speaker 3: of I own a piece of America. It was fought
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  Speaker 3: and paid for with blood, sweat and tears from my ancestors.
• 11:27
  Speaker 3: And I walked through the world with that ownership mindset
• 11:33
  Speaker 3: because not only did that relative in my lineage fighting
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  Speaker 3: the Revolutionary War, every single war that has been fought
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  Speaker 3: in this country, I have a relative who has fought
• 11:43
  Speaker 3: in every single war, including my father who fought in
• 11:46
  Speaker 3: the Vietnam War. So in terms of service, in terms
• 11:51
  Speaker 3: of protecting the country, in terms of being a part
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  Speaker 3: of what this country is, I have a lot of
• 11:57
  Speaker 3: pride and I have a lot of owned when it
• 12:00
  Speaker 3: comes to and I think that we all should find
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  Speaker 3: our stories because we will find out that we have
• 12:08
  Speaker 3: we have an investment here and it is for us,
• 12:11
  Speaker 3: it is for everyone. It is for people who come
• 12:14
  Speaker 3: here from other countries. Everyone come join us. But I'm
• 12:19
  Speaker 3: also going to add my story to the panoply of
• 12:24
  Speaker 3: the many stories that exists of this country.
• 12:29
  Speaker 1: To get the rest of the podcast, this this, this
• 12:31
  Speaker 1: one's dropped the mic right here because this is this
• 12:34
  Speaker 1: is when you got the power, you don't need to
• 12:35
  Speaker 1: use it. It's just quiet strength. And she she, she
• 12:38
  Speaker 1: just killed you with knowledge and intellect. I always say
• 12:42
  Speaker 1: that we need to make smart sexy again. We've been
• 12:45
  Speaker 1: making dumb sexy for way too long. We've dumbed down
• 12:48
  Speaker 1: and celebrated it. We need to make smart sexy again.
• 12:50
  Speaker 1: And that's what she just did. And my again, I
• 12:53
  Speaker 1: want to name your mom and your dad, because I'm
• 12:54
  Speaker 1: sure they had a lot to do with this. My
• 12:56
  Speaker 1: second great grandfather was a slave, George Young Fault in
• 13:00
  Speaker 1: the Union Army. We responded to the emancipation proclamation call
• 13:04
  Speaker 1: from Abraham Lincoln protected Memphis.
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  Speaker 2: But I can't go.
• 13:08
  Speaker 1: Sorry, I'm having problems going back beyond the second great grandfather.
• 13:12
  Speaker 1: I'm still working on it on ancestry dot com and
• 13:15
  Speaker 1: some other sources. The fact that you and we own
• 13:18
  Speaker 1: property here where we live in South Georgia. We owned
• 13:21
  Speaker 1: some south of Atlanta, we owned property. This whole county
• 13:24
  Speaker 1: we're in was a slave county. So I bought forty
• 13:28
  Speaker 1: acres forty acres in a sprinter van versus forty acres
• 13:32
  Speaker 1: and a mule, because I know that this property was
• 13:35
  Speaker 1: used for back in eighteen hundreds, and now we own it.
• 13:38
  Speaker 1: So it's not we're not owned on it. We own it,
• 13:41
  Speaker 1: and I'm buying up the whole block.
• 13:45
  Speaker 2: But I'm not.
• 13:46
  Speaker 1: Pounding my chest. And I'm gracious to my neighbors. They
• 13:48
  Speaker 1: didn't do it. My neighbors didn't do it, but uh,
• 13:51
  Speaker 1: but it's Hey, this is how you roll. And I
• 13:54
  Speaker 1: set the rules on this property, and I employed people,
• 13:58
  Speaker 1: and I empower people, and I cut deals right from
• 14:01
  Speaker 1: sitting here. And I think that's what you're doing with
• 14:05
  Speaker 1: your intellect. Every time you open your mouth, you're giving
• 14:08
  Speaker 1: agency to generations get and born, but also generations that
• 14:13
  Speaker 1: have since been promoted and gone on to glory. You're
• 14:17
  Speaker 1: giving them life and legacy. As much as I know
• 14:20
  Speaker 1: about you, I didn't know that, So that's fantastic. Tell
• 14:23
  Speaker 1: me mom and Dad's name and what did they give
• 14:27
  Speaker 1: you that is your signature today? What is that contribution
• 14:32
  Speaker 1: that mom and dad gave you.
• 14:35
  Speaker 3: So I'll start with my dad, because my dad is
• 14:39
  Speaker 3: a people person, a family person. He is loves his
• 14:45
  Speaker 3: extended family. His extended family are like his siblings.
• 14:49
  Speaker 4: So he gave that to me. He gave his extended
• 14:52
  Speaker 4: family to me.
• 14:53
  Speaker 3: He kept in touch with his dozens of cousins on
• 14:57
  Speaker 3: various different sides.
• 14:58
  Speaker 4: And I'll say what he did for.
• 14:59
  Speaker 3: Me as as a as a parent and me as
• 15:03
  Speaker 3: a child. I was a child that wanted to sit
• 15:06
  Speaker 3: and listen to adult conversations. I wanted to be in
• 15:11
  Speaker 3: the room while the adults were speaking.
• 15:14
  Speaker 4: I wanted to know what was going on.
• 15:16
  Speaker 3: And most parents would say, go outside and play with
• 15:19
  Speaker 3: your own your own age, your own kids, get out
• 15:22
  Speaker 3: of the adult conversation. I wanted to sit there and
• 15:25
  Speaker 3: listen to every word. I wanted to know what was
• 15:27
  Speaker 3: happening with the stories of their childhood, with family issues.
• 15:32
  Speaker 4: I wanted to know everything. And he never kicked me out.
• 15:36
  Speaker 3: He sat me on his lap lap, and like I
• 15:38
  Speaker 3: sat right next to him and he was like, Nicole
• 15:40
  Speaker 3: is here, she's she's taking it in. And I just
• 15:43
  Speaker 3: feel like I got such an education from being around
• 15:50
  Speaker 3: just multi generations. That multi generational conversation definitely, you know,
• 15:56
  Speaker 3: shaped me and him, you know.
• 15:58
  Speaker 4: Always.
• 15:59
  Speaker 3: My father also loved being around the seniors and our family.
• 16:04
  Speaker 3: He would always go to the seniors. I mean to
• 16:08
  Speaker 3: the end, to the end of his life. My father
• 16:10
  Speaker 3: would go to senior homes and go see people from
• 16:14
  Speaker 3: the church and go talk and sit with them and
• 16:17
  Speaker 3: listen to them and joke with them. Like he loves
• 16:21
  Speaker 3: seniors and he saw value in their wisdom. And that's
• 16:27
  Speaker 3: something that I carry with me. I see value in everyone.
• 16:31
  Speaker 3: I see value in children and seniors. I don't count
• 16:35
  Speaker 3: anybody out to adding to the dialogue of ideas and
• 16:41
  Speaker 3: innovation and progress. And so that's something that I would
• 16:46
  Speaker 3: say my dad gave to me, and he's passed on,
• 16:50
  Speaker 3: but i'.
• 16:53
  Speaker 4: He's alive in me.
• 16:55
  Speaker 3: My mother is Marilyn Valentine, and she is a force.
• 17:04
  Speaker 3: All I could say is what I got from my
• 17:07
  Speaker 3: mother is permission to be a force of nature, and
• 17:16
  Speaker 3: even in her relationship with my father, their dynamic. She
• 17:21
  Speaker 3: was a force in there in the relationship, and it
• 17:24
  Speaker 3: was accepted, it was it was desired, it was it
• 17:28
  Speaker 3: was rewarded. I saw my mother be a force in
• 17:31
  Speaker 3: the community, be a force in building her businesses. I
• 17:36
  Speaker 3: saw her be a force in her innovative mindset. And
• 17:41
  Speaker 3: I just see her as more than a survivor. She
• 17:44
  Speaker 3: has her own story of how she got to be
• 17:47
  Speaker 3: a force, yeap, And I know this, and it's it's
• 17:50
  Speaker 3: you know, it's like I said, her story to tell.
• 17:52
  Speaker 3: But I watched her through adversity turn into this force
• 17:58
  Speaker 3: of nature, and I was with her every step of
• 18:02
  Speaker 3: the way. She became the force when I when I
• 18:05
  Speaker 3: was born, and so I feel like very much a
• 18:08
  Speaker 3: part of her transformation, her journey and becoming a force
• 18:12
  Speaker 3: of nature. And sometimes you know, having a child, having
• 18:15
  Speaker 3: a family changes, you know, changes that that grit, that
• 18:20
  Speaker 3: energy inside of you, and you're just like, I have
• 18:21
  Speaker 3: to push forward, and.
• 18:22
  Speaker 4: She she became that.
• 18:24
  Speaker 3: And I just know that I don't have to ask
• 18:27
  Speaker 3: permission to be exactly who I am.
• 18:30
  Speaker 4: And I got that from my mother.
• 18:31
  Speaker 3: You grew up where I grew up in New Jersey,
• 18:35
  Speaker 3: Central Jersey, but I very much have roots in the South.
• 18:37
  Speaker 3: My mother's family, extended family's from Georgia and my father's
• 18:42
  Speaker 3: extended family is from Virginia, so I definitely have Southern roots.
• 18:47
  Speaker 4: And there's you know, there's.
• 18:48
  Speaker 3: Stories of family migrating from the South to come north
• 18:52
  Speaker 3: because of various reasons, job opportunities, tired of the lynchings,
• 18:59
  Speaker 3: like you name it. There's lots of reasons why people
• 19:01
  Speaker 3: left the South at the time that they left to
• 19:04
  Speaker 3: come to the you know, up north, former opportunity. And
• 19:07
  Speaker 3: we're the we're the northern set of a family on
• 19:11
  Speaker 3: both sides.
• 19:12
  Speaker 1: So you've got your first of all, I see the
• 19:15
  Speaker 1: book cast up above your right shoulder, and you can
• 19:19
  Speaker 1: tell a lot about people's bookshelves. But it and that
• 19:23
  Speaker 1: correlates with everything we're talking about. And it's right next
• 19:26
  Speaker 1: to other intellectual books and you know, Constitution, bill rights
• 19:30
  Speaker 1: and all kinds of high minded stuff. And we're told,
• 19:32
  Speaker 1: I thought leadership here, But those two things can exist
• 19:35
  Speaker 1: at the same time when I think one thing I'm
• 19:37
  Speaker 1: passionate about. And we're going to transition to the topic
• 19:39
  Speaker 1: here of money. But all this is related because wealth
• 19:42
  Speaker 1: is a mindset. When I'm with and I've noticed when
• 19:45
  Speaker 1: I'm in certain meetings with with Valentine, there are certain
• 19:50
  Speaker 1: people that I can turn to when somebody's selling some
• 19:53
  Speaker 1: BSU as they speak race, you know, sort of mild
• 20:00
  Speaker 1: mass racism or some drama from a time gone by,
• 20:06
  Speaker 1: and they're still peddling it out of fear, and I
• 20:09
  Speaker 1: can turn to well, no, man, I just turn to
• 20:11
  Speaker 1: myself because I can't trust most people around me with it,
• 20:14
  Speaker 1: with deep complicated thought processes.
• 20:18
  Speaker 2: But I can always turn to Valentine.
• 20:20
  Speaker 1: And as I roll my eyes slowly slightly, she's sort
• 20:25
  Speaker 1: of winking at the back of me. I get it,
• 20:28
  Speaker 1: and we step over messing in it and move on
• 20:30
  Speaker 1: giving grace to whomever spoke. Talk without being offensive, Listen
• 20:34
  Speaker 1: without being defensive, and always leave even your adversary with
• 20:38
  Speaker 1: their dignity because if you don't with thus spend the
• 20:40
  Speaker 1: rest of their life working to make you miserable. We've
• 20:43
  Speaker 1: never had any of these conversations. This isn't just an understanding.
• 20:48
  Speaker 1: Where do the grace and the sophistication come from while
• 20:52
  Speaker 1: keeping the common touch? And is that mom and Dad
• 20:55
  Speaker 1: also and I translate that into confidence and self esteem?
• 20:59
  Speaker 2: Or is that an uncle or somebody else.
• 21:01
  Speaker 1: I want the audience to get some of the magic
• 21:03
  Speaker 1: sauce that you have, particularly women and young girls.
• 21:07
  Speaker 4: So I have been blessed with a village of aunties,
• 21:13
  Speaker 4: the power of the auntie.
• 21:15
  Speaker 3: And I am an auntie, so I I I know,
• 21:18
  Speaker 3: I know the the great value and reward and worth
• 21:24
  Speaker 3: of being an auntie. And I've had aunts in my
• 21:28
  Speaker 3: life that have instilled in me grace, womanhood, h just
• 21:39
  Speaker 3: how you carry yourself takes you much further. And so
• 21:46
  Speaker 3: those are things that not not and not that you can't.
• 21:50
  Speaker 4: Feel feel some kind of way. You can feel some
• 21:53
  Speaker 4: kind of way.
• 21:54
  Speaker 3: You have a right to feel how you feel about
• 21:56
  Speaker 3: what you hear and what you see, but you all
• 22:00
  Speaker 3: so it's about how you carry yourself.
• 22:02
  Speaker 4: And I'll give you an example, really one example.
• 22:04
  Speaker 3: So I was working at a law firm for many years.
• 22:09
  Speaker 3: It's a white shoe law firm, so it's very, very prestigious.
• 22:13
  Speaker 2: I was working with NATed.
• 22:16
  Speaker 1: Is like if you're going to restaurant and it's a
• 22:17
  Speaker 1: white cloth restaurant versus you know, Applebe's or something.
• 22:21
  Speaker 2: So it's a high end. This is a high end
• 22:23
  Speaker 2: law firm.
• 22:24
  Speaker 4: A high end law firm.
• 22:25
  Speaker 3: One hundred years old. You know when something's one hundred
• 22:28
  Speaker 3: years old, just know it's it's been around for a
• 22:31
  Speaker 3: long time, right, So one hundred year old law firm.
• 22:35
  Speaker 3: And I was working with a partner at a senior associate.
• 22:38
  Speaker 3: I was a junior and the senior associate went away
• 22:42
  Speaker 3: on vacation and the partner partner told the senior associate,
• 22:48
  Speaker 3: don't worry, go on vacation, Nicole and I got it, okay.
• 22:52
  Speaker 3: And the senior associate, you would think he'd say, Okay,
• 22:55
  Speaker 3: I'm going to go on my vacation, have a good time.
• 22:57
  Speaker 4: The entire time he's.
• 22:58
  Speaker 3: On a vacation, he's strus stout because he feels as
• 23:02
  Speaker 3: though he wasn't needed.
• 23:05
  Speaker 4: He felt insecure.
• 23:06
  Speaker 2: Wow.
• 23:07
  Speaker 4: Wow.
• 23:07
  Speaker 3: The partner thinks that this junior has it, is not
• 23:11
  Speaker 3: going to replace me with another senior to like step in.
• 23:14
  Speaker 4: Gave her the opportunity to.
• 23:15
  Speaker 3: Kind of step into my role and he flipped. So
• 23:19
  Speaker 3: so he gets back from vacation, we're having a meeting
• 23:22
  Speaker 3: with the with the clients, and I was setting I
• 23:25
  Speaker 3: set up the client meeting, the content, did everything in
• 23:30
  Speaker 3: a stellar way, and the senior associate, the senior lawyer,
• 23:34
  Speaker 3: comes to me at the meeting in front of the clients,
• 23:38
  Speaker 3: after the clients have gotten to know me, they've seen.
• 23:40
  Speaker 4: Me work at the at the level that I worked at.
• 23:43
  Speaker 3: He he came over and told me to take a
• 23:45
  Speaker 3: couple of papers and go paper, go go staple them together.
• 23:49
  Speaker 4: Yeah, that was his direction to me.
• 23:52
  Speaker 2: Wow.
• 23:53
  Speaker 3: The direction was in front of everyone. I'm going to
• 23:56
  Speaker 3: ask you to go staple some some some papers.
• 23:59
  Speaker 2: Wow.
• 24:00
  Speaker 1: So he was trying to diminish you, trying to and
• 24:04
  Speaker 1: so what did you do in response.
• 24:05
  Speaker 2: To that reaction?
• 24:06
  Speaker 4: Talk well, talk about grace.
• 24:07
  Speaker 3: So those are so in that moment, it's where you
• 24:10
  Speaker 3: have to say, Okay, let me just walk away from
• 24:12
  Speaker 3: this situation. Right I'm not gonna I'm not We're not
• 24:15
  Speaker 3: gonna have this battle right here. But I didn't know
• 24:19
  Speaker 3: what to do. So I called my mother and I
• 24:21
  Speaker 3: called I called some aunt. I didn't know exactly what
• 24:23
  Speaker 3: to do. I was very upset. And my mother said,
• 24:28
  Speaker 3: she said, asked to meet him in his office. And
• 24:33
  Speaker 3: she said, meet him in his office. And when you
• 24:36
  Speaker 3: go to his office, close the door, and when you
• 24:41
  Speaker 3: speak to him, whisper and said, this is what I
• 24:44
  Speaker 3: want you to.
• 24:44
  Speaker 4: Say to him.
• 24:45
  Speaker 3: She said, let him know that you are his colleague
• 24:51
  Speaker 3: and that you do not appreciate what happened hmmm, and
• 24:54
  Speaker 3: that that should never happen again hmm.
• 24:58
  Speaker 4: And after we.
• 24:59
  Speaker 3: Had that conversation, he was very upset he with you,
• 25:04
  Speaker 3: or he was he said, you know, he said, he said.
• 25:07
  Speaker 4: I can't believe you know, I don't think you like me.
• 25:11
  Speaker 3: And I'm like, this is not about like it got
• 25:13
  Speaker 3: very I said, look, I just need you not to
• 25:15
  Speaker 3: do that ever again, okay, And that was just how
• 25:18
  Speaker 3: we left it.
• 25:20
  Speaker 2: So I absolutely love that. I just would like for
• 25:23
  Speaker 2: you not to do that ever.
• 25:25
  Speaker 4: And that's it.
• 25:26
  Speaker 3: And so there's so many ways. I mean, I I
• 25:29
  Speaker 3: don't always have the answers when things happen. I'm not
• 25:32
  Speaker 3: always like, Okay, things have happened. I've I've lived quite
• 25:35
  Speaker 3: some years and I've been a lot of circumstances. But
• 25:38
  Speaker 3: there is a way to handle things and get your
• 25:41
  Speaker 3: points across. And I just have lots of aunts and
• 25:45
  Speaker 3: people that have given me tips and I've and I've
• 25:49
  Speaker 3: had the courage to put them into action.
• 25:52
  Speaker 1: I just love that I would like for you not
• 25:55
  Speaker 1: to ever do that again. With a nice, even voice,
• 25:58
  Speaker 1: and he had no idea what to do with you.
• 26:00
  Speaker 1: He was waiting. He wanted you to scream, holler, lose
• 26:02
  Speaker 1: your mind, go on the hypers so he could say, see,
• 26:06
  Speaker 1: I told you she's crazy. See I told you she's unstable.
• 26:08
  Speaker 1: They can't wait to trigger us and have us react
• 26:11
  Speaker 1: versus respond. And I just love that you stepped over messing,
• 26:15
  Speaker 1: not in it.
• 26:15
  Speaker 2: That was. I would like for you not to ever
• 26:17
  Speaker 2: please do that.
• 26:19
  Speaker 4: Just don't do it again. It's okay. And guess what.
• 26:22
  Speaker 4: And I can work. I mean, look, and I can
• 26:23
  Speaker 4: come back and work with you.
• 26:25
  Speaker 3: But I know that I've set my I've set my tone,
• 26:29
  Speaker 3: I've set my standard, I've set my parameters.
• 26:33
  Speaker 4: And that's okay. That's okay for us, all of us.
• 26:38
  Speaker 3: Everybody, every living person, every human being, to set their
• 26:42
  Speaker 3: parameters and move forward.
• 26:46
  Speaker 4: I'm about moving forward. So that's really, that's really the
• 26:50
  Speaker 4: end of it. I was watching something.
• 26:52
  Speaker 3: Yesterday and I was watching David Brooks. He was speaking
• 26:56
  Speaker 3: at Yale, and he said something about a question. It's
• 27:02
  Speaker 3: it's a question around life.
• 27:07
  Speaker 4: It's what do you what what does life have for you?
• 27:13
  Speaker 3: So it's like what is It's like a question around
• 27:16
  Speaker 3: what have you come to this life for and what
• 27:20
  Speaker 3: does life have for you?
• 27:22
  Speaker 1: M hm.
• 27:22
  Speaker 4: And I think about that, it's like it's like it's like.
• 27:26
  Speaker 3: Not about always you know what I can get, it's
• 27:33
  Speaker 3: what what What have I come on this planet to do?
• 27:37
  Speaker 4: What does life have have have me do?
• 27:39
  Speaker 2: Right?
• 27:40
  Speaker 4: And I do believe that life.
• 27:44
  Speaker 3: Has me here to continue on the work and experience,
• 27:54
  Speaker 3: experience life in a new way, but continue in.
• 27:58
  Speaker 4: The train of my ancestry.
• 28:03
  Speaker 3: Life has me on a continuum and I'm a continuum
• 28:08
  Speaker 3: of some of some people who lived on this planet
• 28:12
  Speaker 3: and they've poured into me. And I'm gonna continue to
• 28:14
  Speaker 3: continue that train forward because this country, this world, we
• 28:21
  Speaker 3: can do better and we're gonna do better. And that's
• 28:24
  Speaker 3: why my work at the Milk And Institute is so important.
• 28:27
  Speaker 3: It's about doing better, making sure that people have better
• 28:33
  Speaker 3: and better than what their ancestors had right, and that's
• 28:38
  Speaker 3: what for everyone?
• 28:40
  Speaker 4: How do we get there? And I'm a vessel for that.
• 28:46
  Speaker 1: So for those listening to this podcast or watching this
• 28:49
  Speaker 1: in replay on social media, we're thirty five minutes in
• 28:54
  Speaker 1: this podcast, and you may say, John, you said we're
• 28:57
  Speaker 1: gonna be talking about fintech and that future of money
• 29:01
  Speaker 1: and digital currency yes I did, and we are. What
• 29:05
  Speaker 1: I mean by that is we're in the third reconstruction, people,
• 29:09
  Speaker 1: And the second reconstruction was filled with very elegant voices
• 29:16
  Speaker 1: of transformational change who had to be more than you're smart.
• 29:19
  Speaker 1: They had to be bridges. You had Doctor King, who
• 29:22
  Speaker 1: had a PhD in the fifties and who had to
• 29:25
  Speaker 1: work with white people and black people and Orange people.
• 29:28
  Speaker 1: And you had Andrew Young, bastor Andrew Young, who was
• 29:32
  Speaker 1: a very elegant thinker who Doctor King never wanted arrested.
• 29:34
  Speaker 1: You had Credit Scott King, who was an opera singer
• 29:39
  Speaker 1: who raised money for her husband on tour through concerts
• 29:43
  Speaker 1: using her operatic voice and her elegance and her brilliants
• 29:46
  Speaker 1: to soothe aggressive energy. You had the people who stood
• 29:55
  Speaker 1: in the doors and who got on buses, the women
• 29:58
  Speaker 1: in the movement who were being dismissed uh and disregarded
• 30:04
  Speaker 1: and disrespected, and they had to say, all of them,
• 30:06
  Speaker 1: in their own special way, can you please just not
• 30:09
  Speaker 1: do that ever again? Please I appreciate it, and move
• 30:14
  Speaker 1: on and grab the wheel of progress. And while that person,
• 30:18
  Speaker 1: stunned at their dignified response, pushed through the door. Now
• 30:24
  Speaker 1: that was about saty seeing in the streets. Now we're
• 30:27
  Speaker 1: talking about succeeding in the suites. So, now that we've
• 30:30
  Speaker 1: set it up, and now you understand why I respect
• 30:33
  Speaker 1: Nicole Valentine so much and why she's built for this moment. Nicole,
• 30:38
  Speaker 1: tell us about why the moment is important in the
• 30:41
  Speaker 1: future of money. To start with a big picture and
• 30:43
  Speaker 1: work backwards.
• 30:45
  Speaker 3: Okay, so big picture, to your point, we are in
• 30:50
  Speaker 3: the next industrial revolution. Okay, some call it the fourth
• 30:55
  Speaker 3: Industrial Revolution. We are in a AI future of intelligence,
• 31:02
  Speaker 3: digital assets.
• 31:03
  Speaker 4: Like there there is an entirely new infrastructure that is
• 31:09
  Speaker 4: being built.
• 31:10
  Speaker 3: Think of think of the railroads. Think of what was
• 31:14
  Speaker 3: happening when railroads were getting built. Ye, fast forward to today.
• 31:19
  Speaker 3: Digital railroads are being built. Now talk to me, so
• 31:23
  Speaker 3: a digital We are in a digital economy and our
• 31:27
  Speaker 3: digital and we have grown up.
• 31:29
  Speaker 4: We have grown up in this digital economy.
• 31:32
  Speaker 3: Everything that you see, the internet, mobile phone adoption, social media,
• 31:39
  Speaker 3: gig economy, digital banking, digital communication trade. When you think
• 31:49
  Speaker 3: about where we are today, there is an entirely new
• 31:54
  Speaker 3: financial infrastructure that's being built in the digital world. And
• 32:00
  Speaker 3: so why this is important. This is important because if
• 32:06
  Speaker 3: you think about and to your point John around where
• 32:09
  Speaker 3: some people were when there were there was wealth being
• 32:14
  Speaker 3: built in those days of the railroad, in those days
• 32:19
  Speaker 3: of new economic adventure and opportunity. We have a moment
• 32:26
  Speaker 3: now where things we're early to the party.
• 32:30
  Speaker 4: You're here, you're in it. So sometimes wealth is.
• 32:35
  Speaker 5: About being early. We're early, we're right here on the turn.
• 32:42
  Speaker 5: And so what does it mean when you're on the turn.
• 32:46
  Speaker 5: When you're on the turn, you have to learn and
• 32:50
  Speaker 5: understand what the opportunity is and figure out how not
• 32:56
  Speaker 5: just to be the person that gets on the train
• 33:00
  Speaker 5: getting You can get on the train and the train will.
• 33:02
  Speaker 3: Take you right. The train will take you. The physical
• 33:05
  Speaker 3: train will take you from point A to point B,
• 33:07
  Speaker 3: and the digital train will take you from point A to
• 33:10
  Speaker 3: point B. The digital train will take your remittance money
• 33:15
  Speaker 3: that you want to send back home, and it'll make
• 33:18
  Speaker 3: it get there faster, it'll make it get there less
• 33:22
  Speaker 3: with less costs, and it'll be transparent and you will
• 33:25
  Speaker 3: get an alert, and it'll be compliant and all.
• 33:28
  Speaker 4: Of that good stuff.
• 33:30
  Speaker 3: So you can use a digital train, but you also
• 33:33
  Speaker 3: can learn the other aspects of what this means, so
• 33:38
  Speaker 3: you can participate as an entrepreneur. You can you can
• 33:41
  Speaker 3: participate in cross border transactions. You can participate as a
• 33:47
  Speaker 3: global investor. Now more than ever, there are opportunities to
• 33:54
  Speaker 3: be a global investor in a way that we have
• 33:57
  Speaker 3: never seen before because of our connectivity, our network, in
• 34:03
  Speaker 3: the infrastructure that's being built.
• 34:05
  Speaker 2: Okay, let's let's let's get get practical here.
• 34:08
  Speaker 1: You're talking about digital banking, embedded finance, mobile banking, open banking,
• 34:16
  Speaker 1: AI driven finance, consumer financial behavior, global innovative trends, all
• 34:22
  Speaker 1: in the same bucket. How does this translate? We're talking
• 34:24
  Speaker 1: about I mean, your your debit card is the most
• 34:27
  Speaker 1: basic version of digital money. That that replaced that that
• 34:30
  Speaker 1: replaced the checking account. All right, sorry, they replaced a check,
• 34:34
  Speaker 1: physical physical check writing. Then you've got your credit your
• 34:38
  Speaker 1: charge card, and your debit card. Which are ways to commute,
• 34:43
  Speaker 1: to translate digital money in ways? And uh, I guess
• 34:48
  Speaker 1: legitimate versions of cryptocurrency. I'd rather talk about the blockchain
• 34:52
  Speaker 1: technology underneath it. At the moment, I see the business
• 34:56
  Speaker 1: case for cryptocurrency, but talk to talk to the audience.
• 35:00
  Speaker 1: I mean, are we still early in this revolution? Which
• 35:02
  Speaker 1: countries are innovative faster? Is America leading or falling behind?
• 35:08
  Speaker 1: What industries within this sector are most vulnerable to disruption.
• 35:12
  Speaker 1: I'm I'm really concerned about fraud also for black and
• 35:15
  Speaker 1: brown people. I think the financial fraud is like a
• 35:18
  Speaker 1: real serious thing, Like I think an AI. Somebody's gonna
• 35:21
  Speaker 1: call you and it's gonna sound like your mother, it's
• 35:23
  Speaker 1: going to sound like your cousin, and they're gonna ask
• 35:26
  Speaker 1: you to send them some money. And we got to
• 35:27
  Speaker 1: be prepared to acknowledge that that person may be AI.
• 35:31
  Speaker 1: And we should have a source code that says, like
• 35:34
  Speaker 1: a cheat code, Hey, text that person. Can you just
• 35:37
  Speaker 1: send me? Or you tell that person calling you? Can
• 35:39
  Speaker 1: you just text me my childhood nickname, confirm before I
• 35:45
  Speaker 1: wired this to you to protect you and me. And
• 35:47
  Speaker 1: if they can't do that, that's fraud. But I think
• 35:49
  Speaker 1: it's going to get real deep, real quick. So let's
• 35:53
  Speaker 1: talk about the opportunities, who's leading where, and the risk
• 35:58
  Speaker 1: and let's get real practical, real quick, and then we're
• 36:00
  Speaker 1: going to go to AI.
• 36:02
  Speaker 3: So I'll break down some demographic information, but I want
• 36:05
  Speaker 3: to start with what your what you said about fraud
• 36:07
  Speaker 3: really quick about there's an opportunity in the fraud space, right,
• 36:11
  Speaker 3: think about McAfee, right how how McAfee came into the
• 36:16
  Speaker 3: Internet age and they became the security partner.
• 36:19
  Speaker 4: Right, So, so think.
• 36:21
  Speaker 1: About is a company by the way that does basically
• 36:25
  Speaker 1: crap management guard against fraud and the old world exactly.
• 36:30
  Speaker 3: So you so you just identified a problem. Right, We're
• 36:33
  Speaker 3: at the early stages of this Fourth Industrial Revolution. You
• 36:35
  Speaker 3: just identified a big issue that is a that is
• 36:38
  Speaker 3: a right opportunity to have a business or invention in
• 36:42
  Speaker 3: cybersecurity security. Know your customer a mL you just you
• 36:47
  Speaker 3: just I'm gonna flip that on.
• 36:48
  Speaker 2: You real quick and say what's email? You're going real quick?
• 36:51
  Speaker 4: What's anti money laundering?
• 36:54
  Speaker 2: Right?
• 36:55
  Speaker 4: So anti money laundering?
• 36:57
  Speaker 3: Know your customer KYC those are embedded, you know, ways
• 37:03
  Speaker 3: of frameworks that is set by regulators. Make sure that
• 37:07
  Speaker 3: for you to get a license as a banker, as
• 37:09
  Speaker 3: a money transmitter, but you have you know, these these
• 37:13
  Speaker 3: frameworks in place.
• 37:14
  Speaker 2: To cure the audience.
• 37:16
  Speaker 1: You're saying to the audience right now that the the
• 37:20
  Speaker 1: problem is also an opportunity and that don't just look
• 37:25
  Speaker 1: at it as a problem. Create a business that interrupts
• 37:30
  Speaker 1: disrupts that problem, and people, companies, municipalities, governments, countries were
• 37:35
  Speaker 1: willing to.
• 37:36
  Speaker 2: Pay for that thing.
• 37:37
  Speaker 1: So as as as Blockbuster collapses, Netflix rises and as
• 37:44
  Speaker 1: a whole industry that was around Blockbuster and videotapes and
• 37:48
  Speaker 1: production and maintenance and that went away. But now this
• 37:52
  Speaker 1: digital thing called Netflix has a whole new inventory or
• 37:55
  Speaker 1: ecosystem of business partners. And you're saying that with regard
• 37:58
  Speaker 1: to finance, both positive and negative, right.
• 38:02
  Speaker 4: Absolutely, where you see an issue, where you see a negative,
• 38:05
  Speaker 4: you either drive through with the private you know, private
• 38:09
  Speaker 4: private solution, or on my side, I deal with you know,
• 38:14
  Speaker 4: on the public side, right, the policy side, making sure
• 38:16
  Speaker 4: that there's rules in place to protect consumers, to make
• 38:19
  Speaker 4: sure there's there's also policy in place to make sure
• 38:22
  Speaker 4: the innovators can innovate.
• 38:24
  Speaker 2: Right.
• 38:24
  Speaker 3: So, so there's lots of ways you can solve this,
• 38:26
  Speaker 3: but I would say for your audience, the entrepreneurs issues
• 38:30
  Speaker 3: are only you know, there for you to go out
• 38:34
  Speaker 3: and find an opportunity.
• 38:35
  Speaker 4: So that's I'll give you that. I will say that just.
• 38:39
  Speaker 3: Demographically eight billion people in the world, about six billion
• 38:45
  Speaker 3: of them have mobile phones, two billion of them don't.
• 38:51
  Speaker 3: And there's there's a around the world to your point
• 38:55
  Speaker 3: around where we are in terms of digital banking, having accounts.
• 39:01
  Speaker 3: There's a lot of regions that are just now catching
• 39:06
  Speaker 3: up in terms of its capacity to build and bring
• 39:12
  Speaker 3: people onto bank accounts and bring them into the ecosystem.
• 39:15
  Speaker 3: So when you think of emerging markets, some like sub
• 39:19
  Speaker 3: Saharan Africa, Latin America, Southeast Asia, when you think about
• 39:25
  Speaker 3: emerging markets, think about the opportunities there. There's a lot
• 39:29
  Speaker 3: of growth there for several reasons, and I'll give you
• 39:32
  Speaker 3: some examples. And sometimes when you're American and you're sitting
• 39:36
  Speaker 3: in this large capital market and your dollar is strong,
• 39:40
  Speaker 3: it's hard for you to sometimes see issues around the
• 39:44
  Speaker 3: world because they're dealing with the different I would say,
• 39:48
  Speaker 3: they have a different evolution of their banking system. So
• 39:51
  Speaker 3: when you talk about let's say in subterran Africa Latin America,
• 39:56
  Speaker 3: there has been a shift from cash based economies to
• 40:00
  Speaker 3: credit based economies. And when you have credit based economies,
• 40:05
  Speaker 3: now you have more optionality for lending. For when you
• 40:10
  Speaker 3: talk about credit scores, right the framework and parameters for
• 40:13
  Speaker 3: people to to be you know, bankable or lendable. You
• 40:17
  Speaker 3: have more opportunity for entrepreneurs to raise capital and have
• 40:21
  Speaker 3: you know, capital formation in their capital markets. So you
• 40:25
  Speaker 3: have a lot of new evolution happening around the world.
• 40:30
  Speaker 3: And because we're sitting in a very I would say
• 40:34
  Speaker 3: we're sitting in a good seat.
• 40:35
  Speaker 4: But what we need to figure out in terms of
• 40:38
  Speaker 4: all of.
• 40:39
  Speaker 3: This connectivity is how do you how do we connect
• 40:42
  Speaker 3: to the global opportunity? And fintech is the infrastructure and
• 40:50
  Speaker 3: the tool that connects us all. It connects us across timelines,
• 40:54
  Speaker 3: it connects us across you know, where the country is
• 40:59
  Speaker 3: from evolutionary perspective. And that's why I'm so excited about
• 41:04
  Speaker 3: what I do because I can step out and zoom
• 41:07
  Speaker 3: out and say, Okay, how can this this fintech in
• 41:12
  Speaker 3: Mexico City connect to what's happening here in the US.
• 41:16
  Speaker 3: How can we figure out the opportunity to work together.
• 41:21
  Speaker 3: How can you figure the opportunity to invest in in
• 41:24
  Speaker 3: companies like New Bank that are that are coming out
• 41:27
  Speaker 3: of Brazil, that are doing that are moving into the US.
• 41:31
  Speaker 3: All this activity that's happening around the world. Let's not
• 41:33
  Speaker 3: be left out of it. Let's let's invest. Let's know
• 41:38
  Speaker 3: that they have so much more runway to go in
• 41:41
  Speaker 3: terms of their growth and bringing more people into the
• 41:43
  Speaker 3: financial ecosystem.
• 41:45
  Speaker 4: That it's that it's such. That's the opportunity right now
• 41:51
  Speaker 4: the world.
• 41:52
  Speaker 3: I talk about eight billion people, more than half of
• 41:55
  Speaker 3: the world.
• 41:56
  Speaker 4: Is in the middle class. So what does that mean.
• 41:59
  Speaker 3: So according to stats, the middle class means that you're
• 42:04
  Speaker 3: spending between eleven and one hundred and ten dollars a day.
• 42:07
  Speaker 4: That's a global definition of middle class, or spending between
• 42:10
  Speaker 4: eleven and one hundred and ten dollars a day. That
• 42:12
  Speaker 4: makes you middle class.
• 42:15
  Speaker 3: When you have a growing middle class, and we have
• 42:17
  Speaker 3: record middle class numbers right now around the world.
• 42:20
  Speaker 4: When you have a middle.
• 42:21
  Speaker 3: Class, what you have is is you have an economic engine.
• 42:27
  Speaker 3: You have an engine for entrepreneurs, for growth, for spending,
• 42:33
  Speaker 3: for saving, for investing, and so all of these things
• 42:38
  Speaker 3: are happening right They're all happening right now, almost like
• 42:43
  Speaker 3: a perfect storm.
• 42:44
  Speaker 4: And we need.
• 42:47
  Speaker 3: Not look at this as a storm where we don't
• 42:50
  Speaker 3: know which way to go. We have to I think
• 42:54
  Speaker 3: lean into the fintech, the financial technology, the changing demographics
• 43:01
  Speaker 3: around the world, the opportunities to put our capital, our
• 43:06
  Speaker 3: very strong US dollar into the mix. Our dollars go
• 43:12
  Speaker 3: a lot farther than a lot of other currencies around
• 43:15
  Speaker 3: the world, and that's an opportunity for investment, for opportunity,
• 43:18
  Speaker 3: and that's something that as an entrepreneur I work at
• 43:23
  Speaker 3: milk and but I'm also an entrepreneur. I'm practicing what
• 43:26
  Speaker 3: I preach.
• 43:29
  Speaker 1: People are hurting right now. They have inflation problems. They
• 43:32
  Speaker 1: don't want to be hearing about making somebody talking about investing,
• 43:36
  Speaker 1: you know, billions and tens of millions and millions or
• 43:39
  Speaker 1: even hundreds of thousands and somebody has Are you telling
• 43:41
  Speaker 1: people that they have five or ten thousand dollars that
• 43:45
  Speaker 1: they can educate themselves and become because of the power
• 43:47
  Speaker 1: of the dollar, the US dollar, and make have it
• 43:50
  Speaker 1: become an impact investor with proper underwriting and research on
• 43:55
  Speaker 1: a credible platform on fintech or et cetera, et cetera
• 44:00
  Speaker 1: where around the world. That's question number one.
• 44:03
  Speaker 4: Yes, absolutely and.
• 44:05
  Speaker 1: All right, So let's now get real. Let's get practical here,
• 44:08
  Speaker 1: because I don't want to run out of time if
• 44:10
  Speaker 1: we give people a piece of your brilliant mind and
• 44:13
  Speaker 1: also things that they can do. Again, remember, PhDs are good,
• 44:17
  Speaker 1: phdus are better in my view. So artificial intelligence is
• 44:22
  Speaker 1: now touching every industry on planet Earth. Uh, finance may
• 44:27
  Speaker 1: be the one sector most radically transformed. How do you
• 44:31
  Speaker 1: see AI reshaping banking, lending, investing in financial services? But
• 44:36
  Speaker 1: also do you see AI financial advisors? Do you see
• 44:41
  Speaker 1: you know, changing AI underwriting fraud detection? I mean AI
• 44:46
  Speaker 1: job replacing jobs. We know that's going to happen, but
• 44:48
  Speaker 1: I think new jobs are gonna What is the what
• 44:51
  Speaker 1: is the thing that you can add to this conversation
• 44:54
  Speaker 1: around AI and and digital money that folks can only
• 45:00
  Speaker 1: get from you. What's that knowledge that they can only
• 45:03
  Speaker 1: give from you they can use?
• 45:06
  Speaker 3: So I listened to your conversation with Van Jones. It
• 45:09
  Speaker 3: was brilliant at the very ends of their co it
• 45:12
  Speaker 3: was a brilliant conversation.
• 45:13
  Speaker 4: I enjoyed it. I left theer.
• 45:18
  Speaker 3: It's amazing, congratulations. I left the conversation thinking I wanted
• 45:23
  Speaker 3: to be there when he was talking about the evolution
• 45:27
  Speaker 3: of civilizations where it's like the circular versus the past, present,
• 45:31
  Speaker 3: future versus you know, futures coming at you. And I
• 45:37
  Speaker 3: thought about the speed, the speed issue, and I want
• 45:40
  Speaker 3: to just just nail.
• 45:41
  Speaker 4: This really quick.
• 45:42
  Speaker 3: So it took sixty eight years for mass adoption of
• 45:49
  Speaker 3: flying on an airplane.
• 45:51
  Speaker 4: It took it took.
• 45:54
  Speaker 3: Twenty two years for mass adoption of the television. It
• 45:59
  Speaker 3: took eleven years for mass adoption of the Internet. It
• 46:04
  Speaker 3: took I'm sorry, it took seven years for the mass
• 46:07
  Speaker 3: adoption of the Internet. It took two point five years
• 46:11
  Speaker 3: for mass adoption of the iPhone. It took two years
• 46:15
  Speaker 3: for mass adoption of Facebook, nine months for mass adoption
• 46:19
  Speaker 3: of Twitter, and two months for mass adoption of.
• 46:23
  Speaker 4: Chat of AI Chat GPT.
• 46:25
  Speaker 3: So I just say that in terms of speed, right,
• 46:29
  Speaker 3: like how it took how long it took to get
• 46:32
  Speaker 3: the air US on airplanes on the internet. And so
• 46:36
  Speaker 3: when you think about okay, so you have you have
• 46:39
  Speaker 3: an airplane, it takes sixty eight years get everyone on it,
• 46:41
  Speaker 3: or get at least mass adoption. That means that they're
• 46:44
  Speaker 3: dealing with safety. They have an FAA, they have you know,
• 46:48
  Speaker 3: all of that time policy right to get to get
• 46:52
  Speaker 3: that to where it is now.
• 46:55
  Speaker 4: That is that industry.
• 46:57
  Speaker 3: Two months for mass adoption of CHA GPT, like that
• 47:02
  Speaker 3: is both exciting and scary at the same time.
• 47:08
  Speaker 4: Yes, because we.
• 47:11
  Speaker 3: Don't we don't have we don't have an FAA for AI.
• 47:15
  Speaker 4: We don't we don't have that.
• 47:16
  Speaker 3: We don't we haven't, we haven't sat with it long
• 47:19
  Speaker 3: enough right for for us to even get a sense
• 47:21
  Speaker 3: of what are all the potential issues that can have
• 47:24
  Speaker 3: a mass effect.
• 47:26
  Speaker 4: So I bring that up to just.
• 47:29
  Speaker 1: Say, by the way, seventy years ago, from the horse
• 47:32
  Speaker 1: and buggy to the automobile.
• 47:34
  Speaker 4: Yes, right, like that transformation, that transition.
• 47:38
  Speaker 3: So when you say speed to adoption, think about the
• 47:43
  Speaker 3: issues around how what it takes to put motes around
• 47:47
  Speaker 3: things to protect you to what does it take to
• 47:50
  Speaker 3: policy and law and to have lived experience around it
• 47:55
  Speaker 3: so that you can really have effective policy. So that's
• 47:59
  Speaker 3: something that is obviously on our minds right now. I
• 48:02
  Speaker 3: think everyone in the tech community is thinking through that
• 48:06
  Speaker 3: from their different vantage points. But I would say that
• 48:09
  Speaker 3: what you asked me, what would I add to this conversation?
• 48:14
  Speaker 1: What uniquely would you add? But by the way, you've
• 48:16
  Speaker 1: already done that. I tell people, I'm glad I pushed you.
• 48:19
  Speaker 1: Anybody who is short on time, tell your people, Tell
• 48:23
  Speaker 1: your friends, tell your girlfriends, tell you, tell your your
• 48:26
  Speaker 1: friends in the barbershop, and then nail salon, Tell your
• 48:28
  Speaker 1: your running buddies on your jogging team, your fraternity sorority.
• 48:32
  Speaker 2: Go to minute fifty.
• 48:33
  Speaker 1: Two and start at minute fifty two when she breaks
• 48:36
  Speaker 1: down the timeline of how things went from slow which
• 48:41
  Speaker 1: was fast back then to fast to stupid to stupid fast,
• 48:46
  Speaker 1: and it's like and what And that will just underscore
• 48:51
  Speaker 1: how all this is right on time, and that you
• 48:54
  Speaker 1: don't have time to be messing around and nothing is
• 48:56
  Speaker 1: like AI. This all the stuff, the stuff she mentioned
• 49:00
  Speaker 1: are all important. The closest would be to go from
• 49:02
  Speaker 1: the horse and buggy to the automobile, but even that
• 49:05
  Speaker 1: was optional. You could choose I'm not going to drive
• 49:07
  Speaker 1: a car or ride a horse. I'm going to stay
• 49:09
  Speaker 1: in my house. This is going to be everywhere, every place,
• 49:12
  Speaker 1: all the time, embedded in your entire life, and it
• 49:15
  Speaker 1: is another form of an intelligence. So this is not
• 49:18
  Speaker 1: a choice you're making unless you're choosing to fail. So
• 49:23
  Speaker 1: if you want to find a reason to follow Nicole Valentine,
• 49:26
  Speaker 1: who she has a new podcast herself, if you want
• 49:28
  Speaker 1: to follow her as she writes her thought Leadership, and
• 49:32
  Speaker 1: you were looking for a reason, minute fifty two to
• 49:34
  Speaker 1: minute fifty three, minute fifty four is your reason. We
• 49:38
  Speaker 1: got let's say five minutes left. And it doesn't really
• 49:44
  Speaker 1: matter what I asked you before. What matters is because
• 49:47
  Speaker 1: I could have covered. I wanted to cover AI. I
• 49:49
  Speaker 1: wanted to include cover inclusive capitalism and digital divide. I
• 49:52
  Speaker 1: want to cover global competition in the world a head.
• 49:55
  Speaker 1: I want to talk about you in an Asia and Africa,
• 49:57
  Speaker 1: in the Middle East. I wanted to talk about crypto trust,
• 50:01
  Speaker 1: the regulation. I want to talk about the human factor.
• 50:03
  Speaker 1: We don't have time for any of that because we've
• 50:06
  Speaker 1: been having so much fun on stuff that really mattered.
• 50:10
  Speaker 2: What are the if you have five, six.
• 50:14
  Speaker 1: Eight minutes to riff just to talk to the public
• 50:19
  Speaker 1: passionately about what is most important on your mind that
• 50:23
  Speaker 1: you want them to hear. I'm gonna give you the stage.
• 50:27
  Speaker 1: I'm gonna give you the Ministry of Finance here the pulpit.
• 50:31
  Speaker 1: What is your MLK speech for this generation in the
• 50:37
  Speaker 1: third reconstruction? What do you want them to know and
• 50:39
  Speaker 1: what can they do?
• 50:43
  Speaker 3: My MLK speech? And that is a very high order.
• 50:46
  Speaker 3: I mean, I.
• 50:47
  Speaker 4: Love that family, I love Bernice. Yeah, I'm like, I
• 50:54
  Speaker 4: mean letter from Birmingham. What are we gonna do here?
• 50:59
  Speaker 3: So I was watching Mohammed Unis speak. He's a Nobel laureate.
• 51:05
  Speaker 3: He created gramin bank.
• 51:08
  Speaker 2: Uh.
• 51:08
  Speaker 3: He is like the father of micro credit. He's out
• 51:12
  Speaker 3: of Bangladesh and he basically created you know, micro credit.
• 51:16
  Speaker 4: And there's been you know, I just.
• 51:23
  Speaker 3: I would say that there is room for more Mohammed Unices.
• 51:31
  Speaker 3: There's room for more Mlks and Bernice's kings there, all
• 51:38
  Speaker 3: of the all of the people that we admire and
• 51:42
  Speaker 3: that we see and we put at the top of
• 51:45
  Speaker 3: the pedestal.
• 51:47
  Speaker 4: HM, there is room for you there too. That is
• 51:52
  Speaker 4: that is that is my starting point.
• 51:54
  Speaker 3: My starting point is for all of us that have
• 51:58
  Speaker 3: heroes and heroes and we put them there, we leave
• 52:01
  Speaker 3: them there and say, okay, that's them, and they sacrifice
• 52:05
  Speaker 3: and they took risks or they they did this, They
• 52:07
  Speaker 3: had consistency, and they they strategize, they galvanize all of
• 52:14
  Speaker 3: those all those people that we know and respect or
• 52:17
  Speaker 3: we are hanging up on our walls because they're they're
• 52:20
  Speaker 3: not family, but they feel like families. So they're there,
• 52:22
  Speaker 3: We're they're in our lives.
• 52:25
  Speaker 4: That's you too.
• 52:26
  Speaker 3: You You can be that person, you can be that staple.
• 52:33
  Speaker 3: You can build an institution. You can go from being
• 52:37
  Speaker 3: an individual to building an institution that lives beyond you.
• 52:42
  Speaker 4: It is possible. It is never too late. It is
• 52:47
  Speaker 4: you know, I was.
• 52:48
  Speaker 3: I was looking at Napoleon Hills Think and Grow Rich,
• 52:53
  Speaker 3: and you know, he has to me that was the
• 52:55
  Speaker 3: first like personal professional self help, like personal develop book
• 53:00
  Speaker 3: that a lot of development books are modeled after Think
• 53:04
  Speaker 3: and Grow Rich, and in like the first chapter, I
• 53:07
  Speaker 3: was reading it and he said that there's a moment.
• 53:10
  Speaker 3: He interviewed five hundred of the wealthiest people in nineteen
• 53:14
  Speaker 3: thirties and there was a he said, there's.
• 53:16
  Speaker 4: A moment, said them when they were interviewed. One thing
• 53:19
  Speaker 4: that was.
• 53:20
  Speaker 3: Like, you know, consistent, was there was a moment in
• 53:24
  Speaker 3: their lives and each of their lives where they worked
• 53:28
  Speaker 3: really really really really hard, and they were pushing and
• 53:30
  Speaker 3: they were grinding.
• 53:32
  Speaker 4: And he said at one point something.
• 53:34
  Speaker 3: Clicked where they got on a frequency and it became
• 53:40
  Speaker 3: this smooth, smoother path going vertically. And I think that
• 53:47
  Speaker 3: for all of us to find our alignment and what
• 53:51
  Speaker 3: we're doing, find our reason for being here on this planet,
• 53:57
  Speaker 3: I think you can get into your frequency and that
• 54:00
  Speaker 3: will be enable you to live and work with such authority,
• 54:07
  Speaker 3: ownership and power that it becomes. And I think about
• 54:15
  Speaker 3: just in terms of the fintech industry and what's happening here.
• 54:19
  Speaker 3: A lot of the fintech work that I do is
• 54:21
  Speaker 3: with the new kids on the block.
• 54:23
  Speaker 4: They are the disruptors. They're the David to the goliaths,
• 54:27
  Speaker 4: and they have a belief.
• 54:31
  Speaker 3: They have a sense of authority and ownership and what
• 54:33
  Speaker 3: the future is going to be, and they are making it.
• 54:37
  Speaker 3: And everyone who is coming at them, the media, Wall Street,
• 54:41
  Speaker 3: everything coming at them, they have it has off dusted
• 54:45
  Speaker 3: off their shoulders because they're so focused on the fact
• 54:49
  Speaker 3: that they believe that code, that technology, that this digital
• 54:55
  Speaker 3: economy is the future. And so I just say, just
• 55:00
  Speaker 3: as you see that in action with industry leaders, with founders,
• 55:06
  Speaker 3: so too, can.
• 55:07
  Speaker 4: You be that force?
• 55:10
  Speaker 3: It is very possible and link up with other forces
• 55:13
  Speaker 3: of nature. You know who they are. They are around
• 55:17
  Speaker 3: you and you you know who they are. So link
• 55:20
  Speaker 3: up with other forces of nature and build institutions, build
• 55:25
  Speaker 3: things that last for one hundred years. I've worked in
• 55:28
  Speaker 3: a lot of organizations that have been around that long.
• 55:32
  Speaker 4: I see how they're constituted. I see the breath that
• 55:35
  Speaker 4: was you.
• 55:36
  Speaker 3: Know, reads into them, and we have examples of it
• 55:41
  Speaker 3: and we can do it ourselves.
• 55:45
  Speaker 2: Whoo.
• 55:47
  Speaker 1: I gave it a challenge and you hit it out
• 55:48
  Speaker 1: the part. Let me ask you a bonus question. We're
• 55:53
  Speaker 1: over time, but this is so good you maybe want
• 55:57
  Speaker 1: to ask another question. And for those who want to
• 55:59
  Speaker 1: reach you legitimately for insight to work with you, whatever,
• 56:05
  Speaker 1: let's forgive them a website or something. People can reach
• 56:08
  Speaker 1: out to you, and how do they people get to you.
• 56:10
  Speaker 1: For guys who are admiring this brilliant, amazing woman, yes
• 56:17
  Speaker 1: she's single, but she got a high credit score, she
• 56:21
  Speaker 1: got a job, she got benefits, she got her own well.
• 56:24
  Speaker 1: She travels the world, so don't come at her sideways.
• 56:26
  Speaker 1: You see her out and about somewhere, you better get
• 56:28
  Speaker 1: your You better get your wrap straight before before you
• 56:31
  Speaker 1: open your mouth, because she ain't playing. If you have
• 56:34
  Speaker 1: not noticed my bonus question, is I have a righte
• 56:39
  Speaker 1: say she's singles, she's unmarried, uh yet? But she she
• 56:43
  Speaker 1: she is in demand around the world as an intellect.
• 56:46
  Speaker 1: Come to her that way first and you might get
• 56:50
  Speaker 1: something beyond a gracious hello. What are your three success habits?
• 56:56
  Speaker 1: And one of the three things that people will listen
• 56:58
  Speaker 1: listening to. This can folks on as an opportunity three
• 57:01
  Speaker 1: success habits because people are to listen to this go
• 57:05
  Speaker 1: my god. Yeah, the money conversation was really cool. But
• 57:08
  Speaker 1: I want to model her discipline. I mean, her laser
• 57:13
  Speaker 1: focus is unbelievable. Three success habits and then two or
• 57:16
  Speaker 1: three things that people can take away from you and
• 57:18
  Speaker 1: they can do research on that might be opportunities in fintech.
• 57:23
  Speaker 3: So three success habits. I would start with curate and
• 57:27
  Speaker 3: produce yourself. And I say that and I'll explain what
• 57:32
  Speaker 3: that means. There's so many there's only but about seven
• 57:36
  Speaker 3: stories that people can carry with them. Rags to riches,
• 57:42
  Speaker 3: overcoming the monster, the quest, voyage and return, comedy, tragedy, rebirth.
• 57:49
  Speaker 4: Those are the seven archetypes of a story.
• 57:53
  Speaker 3: I always recommend that you learn how to tell your
• 57:58
  Speaker 3: story in those seven frames. Know how to frame yourself
• 58:05
  Speaker 3: because successful people know how to walk into a room
• 58:11
  Speaker 3: and frame themselves in front of an investor, frame themselves
• 58:15
  Speaker 3: in front of a head of state, frame themselves in
• 58:19
  Speaker 3: front of a room.
• 58:20
  Speaker 4: Full of children.
• 58:22
  Speaker 3: Name name that stakeholder, name thatment, government official, Frame yourself,
• 58:30
  Speaker 3: curate yourself, produce yourself.
• 58:33
  Speaker 4: And spend time on it.
• 58:35
  Speaker 3: And that is I think part of what makes you confident,
• 58:40
  Speaker 3: right because you're able to tell your story craft it.
• 58:44
  Speaker 4: And bring people to where you want them to go. Right.
• 58:47
  Speaker 3: That's that's really the power of story, right. So that's
• 58:52
  Speaker 3: one I would say. Another success secret is from I
• 59:00
  Speaker 3: guess it's from is it from the Bible?
• 59:03
  Speaker 4: Study and show yourself approved. I mean study.
• 59:06
  Speaker 3: I think it's I think with AI in the mix,
• 59:11
  Speaker 3: it's really easy to be like, well, let me just
• 59:13
  Speaker 3: have AI get it for me, and I walk in
• 59:18
  Speaker 3: and I'm gonna be able to kind of fluff it
• 59:20
  Speaker 3: and have a couple of you know, good points and
• 59:23
  Speaker 3: and move out the move out the way I would
• 59:25
  Speaker 3: say study. I believe study is so important because after
• 59:31
  Speaker 3: I've had AI helped me figure out the cliff notes,
• 59:34
  Speaker 3: I still have to internalize and embody what I'm thinking, saying,
• 59:41
  Speaker 3: and doing. And that enables my personal creativity, my personal energy.
• 59:47
  Speaker 4: To be amplified.
• 59:49
  Speaker 3: Look at this as a self you know amplification that
• 59:54
  Speaker 3: you can utilize, but it comes from the partnership you
• 59:58
  Speaker 3: have with technology. I would say that's to study, like like,
• 1:00:02
  Speaker 3: be okay with studying and that.
• 1:00:05
  Speaker 4: I would say another success secret is relatability.
• 1:00:14
  Speaker 3: And I say that to say that it's about the
• 1:00:18
  Speaker 3: connection with any and everybody on anything, So I'll give
• 1:00:23
  Speaker 3: you an example. So I can connect with anyone on anything,
• 1:00:31
  Speaker 3: because what I'm gonna do is I'm gonna walk in
• 1:00:34
  Speaker 3: a situation wanting to see the best connection that we
• 1:00:40
  Speaker 3: can have. So I'm gonna I am always trying to
• 1:00:43
  Speaker 3: relate to a person based upon whether who their where,
• 1:00:49
  Speaker 3: their roots are, their family, their issue, their moment, but
• 1:00:54
  Speaker 3: their future. They see, I'm gonna figure it out and
• 1:00:58
  Speaker 3: that has been the relatability has been a success secret
• 1:01:05
  Speaker 3: for me or and for people I see do it
• 1:01:09
  Speaker 3: because what happens is once you relate and have a relationship,
• 1:01:14
  Speaker 3: and the relationship comes from relate.
• 1:01:16
  Speaker 4: Once you relate with someone.
• 1:01:19
  Speaker 3: They see you from the point that you met them
• 1:01:23
  Speaker 3: and they want to build on that.
• 1:01:24
  Speaker 2: Ye.
• 1:01:25
  Speaker 3: So how can I relate with with Mike Milkin? How
• 1:01:29
  Speaker 3: can I relate with John O'Brien? How can I relate?
• 1:01:33
  Speaker 3: Maybe I can't relate by bank account size?
• 1:01:35
  Speaker 2: Right?
• 1:01:36
  Speaker 3: Well, maybe I can relate on we want to pull
• 1:01:39
  Speaker 3: our sleeves up and work together on this issue because.
• 1:01:41
  Speaker 4: We care about the same thing.
• 1:01:43
  Speaker 3: That is that makes you successful. When you can lock
• 1:01:47
  Speaker 3: arms with someone who you might say, who is this person?
• 1:01:52
  Speaker 3: You can connect with any and everybody. Yes, I can.
• 1:01:55
  Speaker 3: There's something in my history, in my family life, and
• 1:01:59
  Speaker 3: my experience that enables me to relate with anyone from
• 1:02:04
  Speaker 3: any walk of life.
• 1:02:08
  Speaker 2: Brilliant.
• 1:02:11
  Speaker 1: This has been a master class and personal human development
• 1:02:14
  Speaker 1: success as much as it had been about money and finance.
• 1:02:17
  Speaker 1: Is there a drop the mic on opportunity before we
• 1:02:19
  Speaker 1: go for people? Something obvious for you?
• 1:02:27
  Speaker 3: So, I mean you mentioned and there, like I said,
• 1:02:29
  Speaker 3: it was a conversation around agentic commerce and agents and
• 1:02:35
  Speaker 3: AI and what that means for all of.
• 1:02:41
  Speaker 4: Us in what our future could look like.
• 1:02:45
  Speaker 3: Right, my drop of the moment is, since the future
• 1:02:49
  Speaker 3: is unknown, Since it's unknown, why don't we just go
• 1:02:56
  Speaker 3: all in on trying.
• 1:02:57
  Speaker 4: To figure it out.
• 1:02:59
  Speaker 3: Why don't we just go all in on bringing our
• 1:03:03
  Speaker 3: best brains ideas to what we have in front of us,
• 1:03:08
  Speaker 3: and just go hard.
• 1:03:10
  Speaker 4: Because we don't know what things are gonna look like.
• 1:03:14
  Speaker 3: But I believe that if you go hard on the
• 1:03:16
  Speaker 3: future you want to see, you will create it.
• 1:03:19
  Speaker 4: It will show up in front of you.
• 1:03:22
  Speaker 3: So I want to operate not in a place of fear,
• 1:03:26
  Speaker 3: not in a place of well, it's unknown. So I'm
• 1:03:28
  Speaker 3: gonna sit back and I'm gonna just you know, lament
• 1:03:31
  Speaker 3: and be frustrated and humiliated and resentful and all those
• 1:03:36
  Speaker 3: phrases that you can name about how things are really
• 1:03:41
  Speaker 3: this K economy like what part of the K are
• 1:03:44
  Speaker 3: we on right? Like? So, with all that being said,
• 1:03:50
  Speaker 3: go hard, bring your best, do your best, and you
• 1:03:55
  Speaker 3: will shape the future you want to see.
• 1:03:58
  Speaker 1: If there's anything you should have got out of this
• 1:04:00
  Speaker 1: podcast episode is that the rules have just changed again.
• 1:04:10
  Speaker 1: It is racism real, absolutely, is discrimination omnipresent. Unfortunately, Yes,
• 1:04:19
  Speaker 1: is the playing feel unlevel still is. But if capital
• 1:04:26
  Speaker 1: is now cold, and the color is now not black
• 1:04:32
  Speaker 1: or white or red and blue but green, and if
• 1:04:36
  Speaker 1: everything's being remade all over again everything in the next
• 1:04:40
  Speaker 1: five years or so, call it tend to be liberal
• 1:04:43
  Speaker 1: about it. And both whites and blacks, rich and poor
• 1:04:49
  Speaker 1: are equally ignorant on artificial intelligence, and even the people
• 1:04:53
  Speaker 1: innovating it don't know where it's going. This is your time.
• 1:04:59
  Speaker 1: And so, just as Nicole said, basically, take an hour
• 1:05:03
  Speaker 1: a day or an hour a week and be nosy.
• 1:05:10
  Speaker 1: Go into chat GPT, which I'm co chairing their para
• 1:05:13
  Speaker 1: companies Open AI co chair that with Sam Altman. Then
• 1:05:16
  Speaker 1: Open AI Ethics Committee the AI Ethics Committee. Sorry, go
• 1:05:21
  Speaker 1: and to claude AI and be nosy. Just play around
• 1:05:25
  Speaker 1: with it. Those are the two primary platforms I recommend,
• 1:05:28
  Speaker 1: although there's a dozen more that are very interesting for creatives.
• 1:05:31
  Speaker 2: There's a whole book group of AI tools. And just
• 1:05:33
  Speaker 2: be nosy. Just play around.
• 1:05:34
  Speaker 1: You're not gonna hurt anything, you're not gonna break anything.
• 1:05:36
  Speaker 1: Just play with it and learn. Be nosy. Quincy Jones
• 1:05:43
  Speaker 1: got restless soul. How'd you get so smart?
• 1:05:45
  Speaker 2: Quincy?
• 1:05:47
  Speaker 1: I'm just nosy as hell. I want to know everything
• 1:05:50
  Speaker 1: about everything. And so what you've gotten in this last
• 1:05:52
  Speaker 1: hour or so is somebody Nicole Valentine who's gotten smart
• 1:05:57
  Speaker 1: and become successful. Not because anybody gave her anything, not
• 1:06:00
  Speaker 1: because she was given a silver spoon, not because she
• 1:06:02
  Speaker 1: had a trust fund, not because anybody gave her a shot.
• 1:06:06
  Speaker 1: In fact, what you heard is people took shots at her.
• 1:06:08
  Speaker 1: But she never gives up. She never gives in. She reads.
• 1:06:12
  Speaker 1: Look at her book case behind her, by the way.
• 1:06:14
  Speaker 1: I want to see captain for all in that bookcase.
• 1:06:15
  Speaker 4: But you're up there, you're up there, up from nothing.
• 1:06:18
  Speaker 2: I have copies, all right, Okay, I'll take it.
• 1:06:22
  Speaker 1: Okay, I have I have good comeback, good good comeback.
• 1:06:27
  Speaker 1: I want to see Captain for all up there, but
• 1:06:31
  Speaker 1: you're here. She's a reader and not just social media posts.
• 1:06:35
  Speaker 1: I want us to read. I want us to think.
• 1:06:38
  Speaker 1: I want I want you to understand. You can't fall
• 1:06:41
  Speaker 1: from the floor. It's the new floor. So now rise
• 1:06:44
  Speaker 1: up and become the best version of yourself, just like
• 1:06:48
  Speaker 1: she is doing. Honor your ancestors by being the best
• 1:06:51
  Speaker 1: version of yourself. This has been Money and Wealth on
• 1:06:55
  Speaker 1: the Black Effect Network on iHeartRadio. This has been a
• 1:06:57
  Speaker 1: blockbuster episode on money and technology and fintech in the
• 1:07:03
  Speaker 1: future and you with none other than Nicole Valentine.
• 1:07:07
  Speaker 2: Thank you very much.
• 1:07:21
  Speaker 1: Money and Wealth with John O'Brien is a production of
• 1:07:23
  Speaker 1: the Black Effect Podcast Network. For more podcasts from the
• 1:07:26
  Speaker 1: Black Effect Podcast Network, visit the iHeartRadio app, Apple Podcasts,
• 1:07:31
  Speaker 1: or wherever you listen to your favorite shows.