Latest / The Breakfast Club / Earn Your Leisure & The Master Investor Talk Crypto Collapse, Kanye West, Market Mondays + More

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Earn Your Leisure & The Master Investor Talk Crypto Collapse, Kanye West, Market Mondays + More · The Breakfast Club

0:00
Speaker 1: Wait that ass up in the morning Breakfast Clubs The
0:05
Speaker 1: Dangerous Morning Show to Breakfast Club Charlomagne and God Angela. Ye.
0:08
Speaker 1: Envy is not here and he's actually off the country.
0:10
Speaker 1: But we got family in the building. Man, the brothers
0:13
Speaker 1: from Arn Your Leisure was shot in Troy and the
0:16
Speaker 1: Master Investor he and dunlap his head. What's happening in
0:19
Speaker 1: my people's brother official official? Just say you don't Saint
0:32
Speaker 1: Patrick today, don't got no regular clothes, none of but suits.
0:37
Speaker 1: You gotta dress how you want to be address. That's
0:39
Speaker 1: a fact. You know what he's saying. No, that's real.
0:40
Speaker 1: Say it again. You want to be address? That's real.
0:43
Speaker 1: I heard that. So why is she dressed? How you
0:45
Speaker 1: want to be a dressed? I want to have a
0:48
Speaker 1: mom like moms. The tea and coffee kind of sociated.
0:54
Speaker 1: You got the lumber jack thing going. That's what I'm
0:56
Speaker 1: blessed with. But market mondays man tell us about that
1:00
Speaker 1: at the Hulu Theater Madison Square Garden on November twenty seven. Yes, yeah,
1:04
Speaker 1: so it's really really big, not only just you know,
1:07
Speaker 1: we're doing a show a massive Square Garden on Black
1:10
Speaker 1: Friday weekend. That's obviously tremendously important for the city and
1:13
Speaker 1: for the culture. But I think that it just speaks
1:15
Speaker 1: volumes of where we're at right now, where we can
1:18
Speaker 1: sell out a venue like you know, MSG Hulu Theater
1:21
Speaker 1: and we're not rapping, we're not playing basketball, we're teaching
1:24
Speaker 1: about financial literacy. But it's a vibe. So you know,
1:27
Speaker 1: it's something that's extremely encouraging and really really dope to
1:30
Speaker 1: see so many people enthusiastic about it, and you know
1:34
Speaker 1: it's gonna be a night to remember. I actually want
1:36
Speaker 1: to say something if I can. Are surprised that we're
1:39
Speaker 1: gonna break this. Okay, okay, so nobody has heard this
1:45
Speaker 1: news for this moment, so so all right, So our
1:49
Speaker 1: shows are vibes. You guys, you know you've been to
1:53
Speaker 1: you haven't been? Yeah, I mean it was insane. It
1:58
Speaker 1: couldn't even walk down the hallway. Yeah, that's because Steve
2:00
Speaker 1: Harvey was there and Jesus Steve was there because of them,
2:07
Speaker 1: he's our partner. They were like, no, it could go
2:09
Speaker 1: in the hallway right now. No. But so so for
2:18
Speaker 1: Masson Square, we got a dope line up. We got
2:20
Speaker 1: my guy Mouse Jones to open it up with Trap
2:24
Speaker 1: one on the one and two. Yes, so we got
2:30
Speaker 1: we got we got Peter Tuckman. We call he's the
2:33
Speaker 1: Einstein of Wall Street. The guys were on Wall Street
2:35
Speaker 1: for like thirty years. He's a he's a genius when
2:36
Speaker 1: it comes to stock investing. We got Don Peebles, who's
2:39
Speaker 1: a billion real estate developer working on building the first
2:43
Speaker 1: black owned skyscraper in New York City. And then we
2:46
Speaker 1: got our guy Jada Kiss to perform. I thought it
2:49
Speaker 1: would be only right to have Jada Kiss in the
2:51
Speaker 1: building we got to and then, um, you know, Ian
2:55
Speaker 1: is gonna give his his masterful performance, but you're gonna
2:58
Speaker 1: perform too. I'm I'm going to tea. I try to
3:02
Speaker 1: make sure in the education that it is entertaining because
3:05
Speaker 1: who all have been a seminars and it's really boring.
3:07
Speaker 1: So I'll be covering the twenty five stocks to invest
3:09
Speaker 1: in the fifty to stay away from the two crypto.
3:11
Speaker 1: A like to tend to stay away from how to
3:13
Speaker 1: make twenty two thousand a day from trader. But I
3:16
Speaker 1: have to make some calls. We've got a special guests
3:18
Speaker 1: coming there. Yeah, so we're gonna have a sit down
3:20
Speaker 1: conversation with none other than the champ Floyd Money. Mayweather
3:27
Speaker 1: is invest skyscrapers lutely. I think that's one of the
3:31
Speaker 1: things people overlook, right they see him, you know, spending money,
3:34
Speaker 1: but they don't realize what he's doing in business. So
3:36
Speaker 1: the commercial commercial real estate is something He's also invested
3:39
Speaker 1: in Nascar. He has a lot. His portfolio is so expansive,
3:42
Speaker 1: but people tend to overlook that. And so to sit
3:44
Speaker 1: down with him to go over that, and I feel
3:46
Speaker 1: like he's wanted to talk about it for so long,
3:48
Speaker 1: but people just, you know, they just want to hear boxing.
3:51
Speaker 1: But like now, he has a great mind and a
3:52
Speaker 1: great business. When he got the tallest building in New York,
3:55
Speaker 1: he's part of the ninety three story Vanderbilt, And you know,
3:59
Speaker 1: so his portfolio, he has that under his portfolio. But
4:02
Speaker 1: there's like eight other scotscrapers in New York that nobody
4:05
Speaker 1: even thinks of. Floyd Foy maybe the one they think
4:07
Speaker 1: of it, but he's definitely part of it. And he
4:09
Speaker 1: changed the game for sports too. He's the first guy
4:11
Speaker 1: to make one hundred million dollars and want to fight
4:13
Speaker 1: two hundred million dollars. But you know, the way he
4:15
Speaker 1: revolutionized boxing and being his own, you know, entity as
4:19
Speaker 1: a business as opposed to you know, everybody else that
4:21
Speaker 1: has working with promoters for such a long period of time,
4:24
Speaker 1: and him and out Hayman what they've been able to
4:25
Speaker 1: do on a business side, I don't think he gets
4:26
Speaker 1: enough credit for it. And he has an all black
4:28
Speaker 1: team too. When you look at out Hayman, when you
4:31
Speaker 1: look at Leonard ellerbe Um, you know, I don't think
4:34
Speaker 1: Floyd actually gets enough credit for his business acumen. So
4:37
Speaker 1: to have a conversation with Chip at Madison Square Gardens
4:40
Speaker 1: gonna be legendary. That's a huge deal. And I'm sure
4:41
Speaker 1: he had some fights there too. Yeah, for him to
4:44
Speaker 1: go there in a different type of yeah, yeah. I
4:47
Speaker 1: mean you think of the greatest fights in the Masters
4:50
Speaker 1: Garden obviously, you think Ali Fraser, you think all the
4:52
Speaker 1: great heavyweights that have come there to have this probably
4:55
Speaker 1: one of the greatest of all time come but not
4:57
Speaker 1: actually sparring. He's actually gonna be talking about business. I
4:59
Speaker 1: think it's just something than that's monumental. May whether Jada
5:01
Speaker 1: Kiss Boy two championship, definitely. I wonder what what has
5:09
Speaker 1: more impact for y'all nowadays? Is it the podcast of
5:11
Speaker 1: the live shows, because y'all killing with the live shows
5:14
Speaker 1: like you did the Garden, y'all sold out London. It
5:17
Speaker 1: would invest Fest like you know, you had twelve thousand
5:19
Speaker 1: in Atlanta, fourteen fourteen, fourteen thousand in Atlanta? How many
5:23
Speaker 1: in London? Four thousand? Like what's having more impact for y'all? Now,
5:28
Speaker 1: if I can speak freely, I think a combination of both.
5:31
Speaker 1: Of course, they built one of the biggest podcasts in history,
5:34
Speaker 1: but I think when you get a chance to talk
5:36
Speaker 1: to people in person, it's one thing that I've prided
5:39
Speaker 1: myself on and they have as well as like making
5:41
Speaker 1: time for the people, interacting, shaking hands and kissing babies.
5:45
Speaker 1: So I think it's a combination of both that you
5:46
Speaker 1: need to do in order to have a sustainable model
5:49
Speaker 1: for the long term. And he's changed the game too.
5:51
Speaker 1: I want to give him his credit because he he
5:55
Speaker 1: changed the game as far as like performing. So when
5:58
Speaker 1: I say he's performing, really mean he's performing. Like he
6:01
Speaker 1: came to invest Vest with two hundred people on stage
6:04
Speaker 1: and a mask and smoking. He was asking for all
6:06
Speaker 1: this stuff and I'm like, yo, bro, you're bugging out.
6:08
Speaker 1: But then I realized to take and everything. Fan y'all
6:17
Speaker 1: wanted to do some of the d X. I saw
6:19
Speaker 1: you this thing, so I wanted to have those kind
6:21
Speaker 1: of things in there because when we go to seminars
6:23
Speaker 1: normally there I've never heard anybody to say I went
6:26
Speaker 1: to a seminar and man, I had a blast. You
6:29
Speaker 1: may learn something. So taking those elements from wrap Wu tang, pop,
6:34
Speaker 1: WWWCW and blended them all in plus teaching you how
6:37
Speaker 1: to make money, I think as a formula because born
6:40
Speaker 1: is always uh, it's going to push our people away.
6:43
Speaker 1: And if we want our people to be interested in
6:45
Speaker 1: money investing, we have to package and entertain the fashion. Now,
6:49
Speaker 1: since you guys are here, you know, we got to
6:51
Speaker 1: talk about some things and we finance. This is your field.
6:56
Speaker 1: Because y'all just brought up crypto. Okay, okay, fx FTX yes,
7:01
Speaker 1: So I want to talk about that for you to
7:02
Speaker 1: break that down because the other day we reported this
7:05
Speaker 1: um this guy basically lost his fifteen point six billion
7:09
Speaker 1: dollar fortune Sam Bakeman free and so how did that happen?
7:13
Speaker 1: And does that mean? Because I know we sat up
7:15
Speaker 1: here and talked about it, people already scared of crypto.
7:18
Speaker 1: I know, mby was like, I'm glad I didn't get that,
7:22
Speaker 1: you know, And I know, Charlotteanne, you haven't invested in
7:24
Speaker 1: crypto either, right, No, But I mean I believe in crypto.
7:27
Speaker 1: I just don't think that all of these different currencies
7:29
Speaker 1: will go to sustain uman. Bitcoin seemed like the most
7:34
Speaker 1: stable one. Smart all right, So let's talk about that
7:37
Speaker 1: and what that actually means. Because it did, it did
7:39
Speaker 1: make a lot of people be like, see, I told you,
7:41
Speaker 1: that's why I didn't do it. Yeah. I mean the
7:46
Speaker 1: most important thing is, and I'll set this yesterday on
7:48
Speaker 1: the show, if you bring a cryptocurrency token up to
7:52
Speaker 1: your family and friends. My litmus test is always my mom, dad,
7:55
Speaker 1: and elders, and I asked him, doesn't sound like a
7:58
Speaker 1: scam to you? So if I'm telling you that I
8:00
Speaker 1: have a token and it's one up nine thousand percent
8:02
Speaker 1: of three thousand percent, most of our family are going
8:05
Speaker 1: to say, hey, it's a scam. Like another good limits
8:07
Speaker 1: test if I brought it to you, which you buy
8:09
Speaker 1: it from me. So I think one of the biggest
8:12
Speaker 1: issues that we have is that we are looking for
8:14
Speaker 1: sensational games with no work, and everyone knows in here
8:17
Speaker 1: you can get seven thousand percent five thousand percent return
8:21
Speaker 1: without working and what he was able to do as
8:24
Speaker 1: he was able to get. And we have to talk
8:25
Speaker 1: about the venture capital community. They're the ones who are
8:28
Speaker 1: funding a lot of these projects that are going belly up.
8:32
Speaker 1: So we have to start from the top down. But
8:34
Speaker 1: I don't want to say it was a scam from
8:36
Speaker 1: the beginning, but anyone who's been closer to the situation,
8:38
Speaker 1: whenever you take clients money and you put it towards
8:41
Speaker 1: your project because you're losing money, that is fraud. Yeah. So,
8:45
Speaker 1: and to give people a full explanation of what actually happened,
8:49
Speaker 1: So Sam, he had an exchange called FTX and they
8:52
Speaker 1: have a currency called FTT. So it's like, if you're
8:56
Speaker 1: familiar with the crypto world, buying it, you ever heard
8:58
Speaker 1: of buying x, So buying is like the largest global
9:01
Speaker 1: platform when it comes to crypto. And they have a
9:03
Speaker 1: Binance coin, so FTT was the native currency for FTX.
9:08
Speaker 1: So what ended up happening is that a report was
9:10
Speaker 1: published that um ftx held a suspicious amount of FTT
9:16
Speaker 1: currency and it made it made Binance, who actually had
9:21
Speaker 1: a lot of FTT coins, publicly announced that they were
9:25
Speaker 1: going to be selling that FTT coins because they wasn't
9:28
Speaker 1: comfortable with the situation ruined them. So once Binance put
9:35
Speaker 1: that out, everybody got scared. Everybody thought that this coin
9:38
Speaker 1: is gonna fall apart. So now you got to run
9:41
Speaker 1: on the bank and everybody's trying to pull their coins out.
9:44
Speaker 1: There wasn't enough liquidity to cover everybody trying to pull
9:47
Speaker 1: their money out. So when that happened, that collapsed the
9:51
Speaker 1: coin overnight, which collapsed the exchanged overnight, which collapsed his
9:56
Speaker 1: fortune overnight. He lost fourteen point six billion dollars in
9:58
Speaker 1: one day. So yeah, yeah, So that the other part
10:01
Speaker 1: is like, no one who your competition is. So you
10:04
Speaker 1: said finance, right, yeah, so and in retrospect, finance saw
10:08
Speaker 1: that they were going to collapse and say, hey, maybe
10:09
Speaker 1: we'll build you out. But in order to build you out,
10:11
Speaker 1: we have to see your books. If we know cryptocurrency
10:15
Speaker 1: in the space there is no regulation, so people don't
10:17
Speaker 1: have to show their books. But in order to me
10:19
Speaker 1: to help you, I need to see it. When they
10:20
Speaker 1: looked at the numbers, they said, wait, there's no liquidity here.
10:23
Speaker 1: I'm not doing this right. And so now you've shown
10:25
Speaker 1: your competition the books, right, and now they're like, let's
10:28
Speaker 1: destroy you now, right. So it's like we're going to
10:32
Speaker 1: be completely exactly. We might help me, but now that
10:37
Speaker 1: you've showed us that what you have now but there's
10:39
Speaker 1: no way we're going to help you. And so now
10:41
Speaker 1: you're talking about in exchange that is now going and
10:44
Speaker 1: now the founder of finance is like, all right, well
10:46
Speaker 1: let's rebuild this. Yea. It's like billions Yo conquer a
10:50
Speaker 1: Netflix documentary and billions in real time. But also to
10:54
Speaker 1: look at the arrogance of Sam at thirty to tell
10:59
Speaker 1: other investors we don't want to work with you. They
11:02
Speaker 1: had no border directors and when people act to see
11:04
Speaker 1: the financials, they said, no, that's signed number one. That
11:09
Speaker 1: is a problem. Yes, it could be a problem, yeah yeah,
11:12
Speaker 1: but I mean what does it do for crypto long term?
11:15
Speaker 1: Like you said, a lot of people have fear around it.
11:17
Speaker 1: I think regulation comes. I don't know how fast it comes,
11:20
Speaker 1: but it will come because people are not going to
11:23
Speaker 1: stand to see money being lost. Obviously, hatch funds managers
11:26
Speaker 1: have lost money, but yet people have lost money. And
11:28
Speaker 1: the more people lose money and big wigs lose money,
11:31
Speaker 1: regulation will come at some point to say, all right,
11:34
Speaker 1: this can't happen again. It won't Regulations scan people too though,
11:37
Speaker 1: because isn't the One of the reasons people like bigcoin
11:39
Speaker 1: is because it's not regulated. But I think going into
11:42
Speaker 1: the election cycle, one of the biggest things that they're
11:46
Speaker 1: going to run is the safety of the people. In
11:48
Speaker 1: two thousand and eight and two thousand and nine, regulations
11:50
Speaker 1: got a lot tighter. So as a result, they're going
11:52
Speaker 1: to angle it and say, and I've told people from
11:54
Speaker 1: the beginning hatche funds and banks have put people in
11:57
Speaker 1: these crypto projects to destroy them so that the because
12:00
Speaker 1: then't take them over. J Morgan has been partnering with
12:02
Speaker 1: Ethereum this destruction of ftx's playing. So regulation may push
12:07
Speaker 1: people away for a little bit, but it will create safety.
12:10
Speaker 1: You holding onto your crypto. I'm holding on a Bitcoin
12:12
Speaker 1: and etherium. I like Ripple as well, but outside of that,
12:15
Speaker 1: I'm not touching. I mean, I tell people last year
12:17
Speaker 1: when it was at sixty thousand, Bitcoin is gonna come
12:19
Speaker 1: down to twenty. We're a little bit of underneath that um.
12:22
Speaker 1: I think Ethereum is going to hit a low. I
12:24
Speaker 1: think Bitcoin may actually hit maybe ninety five nine thousand,
12:27
Speaker 1: five hundred and eighty three. That's surprise. So I'm looking
12:30
Speaker 1: to add some more considerably. So you think it's still
12:32
Speaker 1: worth buying if you're old, Yeah, if you're holding a
12:35
Speaker 1: long term Our biggest mistake in the culture we want
12:38
Speaker 1: to flip really fast. And I said this yesterday on
12:41
Speaker 1: the show, like I never hear you or Steve Harvey
12:43
Speaker 1: or you ever say, hey, I'm buying these coins that
12:46
Speaker 1: no one else has heard of, that everyone's talking about
12:48
Speaker 1: on Twitter and Instagram. If these coins and projects that bible,
12:52
Speaker 1: everybody in the industry will be pouring their money into them.
12:55
Speaker 1: Sometimes you just have to find follow the people that
12:57
Speaker 1: are doing really well and mimic what they're doing to
12:59
Speaker 1: have long term success. But I'm only really focused on
13:01
Speaker 1: the Big three can come back from this. So he's
13:04
Speaker 1: done where Okay, let's look at he has an entire
13:12
Speaker 1: financial industry against him. He ruined crypto. When you take
13:16
Speaker 1: so he ran Alameda Research, which is their heads fund.
13:19
Speaker 1: When you take money from clients and move it over here,
13:22
Speaker 1: it's not legal and and every this is the biggest
13:25
Speaker 1: point in every recession and scandal. You need a fall guy.
13:30
Speaker 1: He is going to end up being the Bernie made
13:32
Speaker 1: off of Crypto. So with Bernie, people knew what he
13:36
Speaker 1: were doing for years. That were whistle blowers, They were
13:38
Speaker 1: talking about it for five or six years. It wasn't
13:40
Speaker 1: until the recession when they really put that fire out
13:44
Speaker 1: and made him be the face of it. Bernie ran
13:47
Speaker 1: the NASTAC for many years, and they knew what was
13:51
Speaker 1: happening here with FTX and FTT. I think, unfortunately, because
13:54
Speaker 1: we're in a recession now, even though they want to
13:56
Speaker 1: announce it, he'll be the fall guy for Crypto. Wow,
14:00
Speaker 1: you can go to jail. You did say it's fraud,
14:01
Speaker 1: all right? I mean we have to see yeah you
14:04
Speaker 1: got You gotta be careful. You gotta be careful when
14:05
Speaker 1: you just we can't we can't just say that legally
14:08
Speaker 1: because we don't really know it's alleged um. But you
14:12
Speaker 1: just gotta wait and see why why our evaluation is
14:14
Speaker 1: so important? Because I'm just realizing that people don't realize
14:18
Speaker 1: when they see these numbers like oh, such such as
14:20
Speaker 1: worth three million, I mean three billion or four billion.
14:24
Speaker 1: You know what's so crazy about the Kanye Um? You
14:26
Speaker 1: got yay? You know, you know, you know you know
14:33
Speaker 1: so crazy about that is Um the day that they
14:36
Speaker 1: announced that he lost all of his money. UM, the
14:40
Speaker 1: day before that, I was in La meet Troy at
14:42
Speaker 1: nineteen Keys shout out to Keys, and we was talking
14:45
Speaker 1: and I'm like, I have a strong suspicion that probably
14:48
Speaker 1: ninety or eighty percent of his wealth is in his company.
14:52
Speaker 1: I just before any of this happened, And I'm just
14:55
Speaker 1: thinking the kind of person that I think he might be,
14:57
Speaker 1: I don't really see him having a lot of money
14:59
Speaker 1: invested in stock. And you know, they said that one
15:01
Speaker 1: hundred and fifty million was taken out of Chase or
15:03
Speaker 1: they told him they didn't want his money. So that
15:05
Speaker 1: probably has like one hundred fifty million dollars liquid in
15:07
Speaker 1: a bank account. And then you probably have some real estate.
15:09
Speaker 1: And I think he owns like five percent of Skims,
15:11
Speaker 1: and that would probably lead you to have four hundred
15:14
Speaker 1: million dollars. But then it's like when you see billions
15:16
Speaker 1: of dollars, that billions of dollars a little misleading because
15:19
Speaker 1: it doesn't have billions of dollars. That's the value of
15:22
Speaker 1: his company. And if you own one hundred percent of
15:23
Speaker 1: the brand, then if the brand is worth five billion dollars,
15:26
Speaker 1: then you know that's how much you're worth. Right. It's
15:29
Speaker 1: like a car. If you have no money in this
15:31
Speaker 1: world and you have a Rolls Royce that's worth two
15:33
Speaker 1: hundred thousand dollars, then you're worth two hundred thousand dollars.
15:36
Speaker 1: But if the rose Royce gets stolen, now you have
15:39
Speaker 1: no net worth at all. So that's what people have
15:41
Speaker 1: to really understand what this net worthless is that a
15:44
Speaker 1: lot of times they see things and they say, Okay,
15:46
Speaker 1: this person is worth four billion dollars, but it's like,
15:49
Speaker 1: what is that tied to? If that's just in one company,
15:53
Speaker 1: and that one company can go away like that, whether
15:55
Speaker 1: it's Sam Bankman Freed, or whether it's Yea, then that's
15:58
Speaker 1: dangerous because it's not diversified. So it's all an education process.
16:01
Speaker 1: But I think that this at the very least has
16:03
Speaker 1: been educational to a lot of people because they're like,
16:06
Speaker 1: how can you lose two billion in one day? How
16:08
Speaker 1: can you fourteen billion in one day? Well that's why
16:10
Speaker 1: because all your money is inside of your company. I
16:14
Speaker 1: was just gonna say. The valuation part is like the
16:15
Speaker 1: future probability of the company, right, independing on what type
16:18
Speaker 1: of company you have, the valuation can change, right, and
16:20
Speaker 1: so if it's like a tech company, they may say,
16:22
Speaker 1: all right, the companies worth one hundred million. Like we
16:24
Speaker 1: saw that with face Clan, right, they they earned one
16:27
Speaker 1: hundred million, but they got a ten x multiple, and
16:30
Speaker 1: so now that ten x multiple now makes him a
16:32
Speaker 1: billion dollar company. And so it's usually around the future
16:35
Speaker 1: profitability of it. So like with ya, like obviously he
16:38
Speaker 1: has a retail company, Well, what's the projections on retail companies?
16:41
Speaker 1: What type of evaluations would they get? That's the homework
16:43
Speaker 1: that you got to do when it in that business.
16:44
Speaker 1: So education as its own multiple, right, it could be
16:47
Speaker 1: four x, could be eight x. So when you take
16:49
Speaker 1: your earnings right and you multiply it by that number,
16:52
Speaker 1: that's how you get the future valuation of a company.
16:54
Speaker 1: That's how you become a billion dollar company. So what's
16:56
Speaker 1: the point of that. It's just vanity just to be
16:59
Speaker 1: able to say, hey, I'm worth a few billions in
17:02
Speaker 1: business for in general, just in general both both I
17:05
Speaker 1: mean for projections so you can eventually sell it. So
17:08
Speaker 1: that's the main reason that they have valuations and projections
17:12
Speaker 1: is even the venture community, if you build up a sector.
17:14
Speaker 1: Then the purpose of that is to take it. We've
17:16
Speaker 1: talked to Dave Rubinstein yesterday. You want to take a business,
17:19
Speaker 1: build it up, and then eventually UM sell it off.
17:22
Speaker 1: So that's the reason behind it. So it's not vanity
17:24
Speaker 1: per se. And I understand Yea was upset as Forbes
17:27
Speaker 1: wouldn't label him as a billionaire. But that goes back
17:29
Speaker 1: to relationship. One of the thing were talking about yesterday
17:32
Speaker 1: is you have to be very careful who you make
17:34
Speaker 1: enemies with UM because you don't know who can end
17:37
Speaker 1: up being the assassin in your career. And that's something
17:40
Speaker 1: you talked about a lot. We have to be mindful,
17:42
Speaker 1: but in this recession, like what do you guys personally
17:44
Speaker 1: invested in? And then I want to talk to you
17:46
Speaker 1: about how do you keep peace during times of strife
17:51
Speaker 1: because I know you've been big on mental health. Every
17:52
Speaker 1: time I ask you how you doing, you're like blessing
17:55
Speaker 1: highly favored, not every day before the mot the top
18:00
Speaker 1: line overwhelming. Well, I want to say something too about
18:05
Speaker 1: on Pinky because y'all had shot out. Was that episode
18:08
Speaker 1: pre recorded? You spoke out this morning? Oh yeah, I
18:10
Speaker 1: actually hosted her book launch yes you know, her book
18:13
Speaker 1: is coming out, and she's just said her book to
18:15
Speaker 1: our in New York. So I hosted that shout to Pinky.
18:18
Speaker 1: We had her on a few times, and we had
18:21
Speaker 1: at invest Vest. But to answer your question, it's an
18:23
Speaker 1: important question. So I really wanted to double down on
18:25
Speaker 1: that because that's something that our community is not fully
18:27
Speaker 1: aware of as far as valuations, the importance of raising capital.
18:30
Speaker 1: So she raised one hundred She raised twenty five million
18:34
Speaker 1: for twenty five percent of a company which valued the
18:36
Speaker 1: company at one hundred million. Right, because it's like, okay, now,
18:39
Speaker 1: if somebody's giving you twenty five million for twenty five percent,
18:41
Speaker 1: that means your company for one hundred million. So even
18:44
Speaker 1: understanding the importance of raising money, because it's like, we
18:47
Speaker 1: have never raised any money. We've bootstrapped everything, and people
18:50
Speaker 1: have asked us like do we want money, I'm like, no,
18:52
Speaker 1: we we always have took the stance that we don't
18:55
Speaker 1: need money. But now, being properly educated, I wasn't probably
18:59
Speaker 1: educated on that prod. So it's like the circles that
19:01
Speaker 1: we're moving in now is a lot different, So that
19:03
Speaker 1: educating us like, nah, it's not necessarily that you need money.
19:06
Speaker 1: But now you get outside capital for a small percent
19:09
Speaker 1: of your company, and that gives you a ten x
19:12
Speaker 1: or twenty x valuation. Now you're in a position to
19:15
Speaker 1: sell even more, sell the whole company, take the company public.
19:19
Speaker 1: You know, it's so much that you can do with
19:20
Speaker 1: the leverage. And that's something that we don't fully understand
19:23
Speaker 1: because it's like we're used to just you know, pay
19:25
Speaker 1: everything ourselves, do it ourselves to the low. You take
19:27
Speaker 1: pride in that, and it is pride in that. But
19:30
Speaker 1: there's a whole different game where these people are building
19:33
Speaker 1: billion dollar companies and the companies are not even that big.
19:38
Speaker 1: Like what I'm saying, it's like it's like right now,
19:40
Speaker 1: like like you would think, like, okay, in order to
19:42
Speaker 1: have a billion dollar company, you gotta do so much. No,
19:46
Speaker 1: not really. You just have to have the right relationships,
19:48
Speaker 1: the right information, and then it's like, okay, you can
19:50
Speaker 1: go outside right now, raise one hundred million dollars for
19:52
Speaker 1: ten percent in your company. Now you have a billion
19:54
Speaker 1: dollars valuation. I'm glad you said, because I was just
19:56
Speaker 1: talking about that. I had the CEO of Shame Motion
19:58
Speaker 1: on and you know, they invest and a lot of
20:01
Speaker 1: black owned businesses, black and brown owned businesses, and with
20:04
Speaker 1: my coffee company, I've always paid for everything myself. I
20:07
Speaker 1: have never raised money, and so now we're in the
20:09
Speaker 1: process of getting ready to do that. And sometimes people
20:12
Speaker 1: are really hesitant to give up a piece of their
20:14
Speaker 1: company in order to get some capital. But if you
20:18
Speaker 1: do want to scale and grow your business, and also,
20:20
Speaker 1: like what Pinky was saying, some things you just don't know,
20:23
Speaker 1: and so that might mean I got to bring in
20:25
Speaker 1: some experts because I also care about who invest in
20:27
Speaker 1: my company. Some people are okay with taking money and
20:30
Speaker 1: they just want to silent investor who has nothing to
20:32
Speaker 1: do with it. But I do want somebody that is
20:34
Speaker 1: going to actually add value, and so you know the
20:37
Speaker 1: importance of having somebody who is an accountant. You can't
20:39
Speaker 1: do everything as a business owner. Sometimes you do have
20:42
Speaker 1: to have a team of people that help you because
20:44
Speaker 1: there's no way you're going to grow your business if
20:46
Speaker 1: you're everything. For her to have nine locations, there's no
20:48
Speaker 1: way she could be in nine locations and handling the
20:51
Speaker 1: books and trying to grow a business and having merch
20:53
Speaker 1: and having products in store and doing and having a
20:56
Speaker 1: book tour and raising two kids and getting there's a
20:58
Speaker 1: lot of things, and so you know, sometimes you do
21:01
Speaker 1: need to make sure, Look, I need this money to
21:03
Speaker 1: help grow my business and make sure that it's really
21:05
Speaker 1: profitable and grow faster, right, because now you can you
21:07
Speaker 1: can hire ten employees, you can hire a publicists, you
21:11
Speaker 1: can hire so many different people. That's important for all
21:14
Speaker 1: entrepreneurs to understand that it's not necessarily a bad thing
21:17
Speaker 1: when you're raising money. Just do it, like you said, intelligently,
21:19
Speaker 1: from the right people. But if you can grow at
21:22
Speaker 1: a ten x multiple and grow faster and hire more
21:26
Speaker 1: talented people than you currently have and gain the information,
21:29
Speaker 1: that's the next level that we're not really talking about
21:31
Speaker 1: a lot. And I think I think y'all both said
21:33
Speaker 1: one of the most important things is the exposure. Right.
21:35
Speaker 1: How would you know that if you weren't in the
21:36
Speaker 1: right room or you always think, I don't want to
21:40
Speaker 1: owe anybody any money. I don't want to give up
21:41
Speaker 1: a piece in my company. That's a mindset, right. So
21:43
Speaker 1: the mindset changes when you're exposed some more things, right.
21:46
Speaker 1: And so when we get exposed to people who are
21:48
Speaker 1: in private equity and they're telling us this, it's like, wait,
21:50
Speaker 1: we had the wrong mindset. But we're telling people right now,
21:53
Speaker 1: like we have the wrong mindset. That's changing now, right
21:55
Speaker 1: because if we're looking at ourselves, especially from an infrastructural standpoint,
21:59
Speaker 1: like we look at ourselves as a global entity. Right.
22:02
Speaker 1: So that's why you see us in Rnning, That's why
22:03
Speaker 1: you saw us in Nigeria. That's why you saw us
22:05
Speaker 1: in Egypt. That's why we're going to the UAE in
22:07
Speaker 1: a well later on today today. But we want to cancer,
22:13
Speaker 1: but it's important how do we do that right? Capital
22:17
Speaker 1: helps us do that. Capital helps us build infrastructure, It
22:19
Speaker 1: helps us put people on the ground in these places,
22:21
Speaker 1: so that earlier legion is not just an American brand,
22:24
Speaker 1: it's a global brand because the issues that happened in
22:26
Speaker 1: the United States happen all over the world, and the
22:29
Speaker 1: people on the ground actually have an in depth look
22:31
Speaker 1: at what's taking place so they can actually invoke change.
22:34
Speaker 1: So that's why it's important to build infrastructure. But being
22:36
Speaker 1: exposed to information is voluable. When did this stupid ass
22:39
Speaker 1: narrative come from that you have to own everything and
22:42
Speaker 1: put up your own money. It's like every company that
22:45
Speaker 1: every company that gets to scale when you grow up
22:47
Speaker 1: in an environment when you don't own anything, the second
22:50
Speaker 1: that you actually create something, you even publishing in the
22:54
Speaker 1: music business, people will be like, oh, your own publishing,
22:56
Speaker 1: don't do this. But you see artists selling the publishing
22:59
Speaker 1: because they get a huge check right now that they're
23:01
Speaker 1: able to invest in other things for that money to grow.
23:04
Speaker 1: To realize, there's two sets of information, the information that
23:07
Speaker 1: we're usually given versus the sets of information that the
23:10
Speaker 1: wealthy use. That information doesn't trickle, So even when we're
23:14
Speaker 1: talking about infinite scale, we have to look at that.
23:16
Speaker 1: Like imagine if Rockefeller Murder Inc. Cash money in the
23:20
Speaker 1: nineties knew how to invest in the marketplace, they would
23:24
Speaker 1: have been one of the biggest hedge funds in the world.
23:26
Speaker 1: So the valuation game now is like knowing stocks in
23:29
Speaker 1: the nineteen nineties. I don't want it to be twenty forty.
23:33
Speaker 1: And our community is now just getting this information. So
23:35
Speaker 1: if we know how to do stocks, real estate, grow business,
23:39
Speaker 1: do business together, and it's the main thing I talk
23:41
Speaker 1: to people in the culture. I'm like, if all of
23:43
Speaker 1: us came together for one project with all of our voices, talent, infrastructure,
23:49
Speaker 1: all the knowledge that we have, and we're like he
23:52
Speaker 1: talked about we can raise capital, we can be worth
23:54
Speaker 1: fifteen twenty billion dollars in two or three years. But
23:56
Speaker 1: it's the ego that usually stops us from doing so.
23:58
Speaker 1: But there's usually two sets that's given. Like even even
24:02
Speaker 1: with authors, you know this, most authors who are talking
24:05
Speaker 1: about their seven steps to do x YZ, they don't
24:07
Speaker 1: do those seven steps. Like even um how to make
24:11
Speaker 1: money in thirty days and in real estate. One of
24:13
Speaker 1: the original guys who wrote that book, my mentor helped
24:16
Speaker 1: craft that book. It was not true and how he
24:19
Speaker 1: was actually implemented. And that's when I learned. I'm like, oh,
24:22
Speaker 1: they'll sell you a piece of information, but that's not
24:25
Speaker 1: actually what they're implementing. Like I look at somebody like
24:27
Speaker 1: Bob Johnson. That's still the largest black acquisition I believe ever, right,
24:32
Speaker 1: three three billion dollars when he sold bt Vicom. Yeah,
24:37
Speaker 1: but he did that Initially he wouldn't got somebody to
24:39
Speaker 1: help him get the scale and he and he brought
24:41
Speaker 1: the bobcast. That's another thing too. It's like, you know,
24:44
Speaker 1: people criticize IRV Gotti and we interviewed him that's coming
24:47
Speaker 1: out soon on Black Effect Podcast Network. But he spoke
24:53
Speaker 1: about you know why he sold his company for one
24:55
Speaker 1: hundred million dollars and is to do something else. So
24:57
Speaker 1: it's like when even Michie Luis fim moisture. Well, yeah, exactly,
25:01
Speaker 1: he's Elon must So people forget Elon must Sol PayPal
25:06
Speaker 1: for three hundred millions and then he went broke starting
25:11
Speaker 1: SpaceX Tesla. Now he's almost worth a trillion dollars. So
25:15
Speaker 1: it's like a lot of times we have good intentions
25:18
Speaker 1: of like keep everything, don't sell anything. And I understand
25:21
Speaker 1: it because it's like we do need ownership, and we
25:24
Speaker 1: do need you know, generational wealth and companies that we
25:26
Speaker 1: can pass down to our children. But there's also strategic
25:29
Speaker 1: plans in place as well, and said a liquidity event.
25:32
Speaker 1: If you get in a million dollars a year on
25:34
Speaker 1: your Masters and you have an opportunity to sell it
25:36
Speaker 1: for a hundred million, yeah, it's kind of a no
25:40
Speaker 1: brainer if you if you're gonna blow the money then know,
25:43
Speaker 1: but if you don't act like it's such a bad thing,
25:45
Speaker 1: like why would you do that? Well, not your master
25:49
Speaker 1: is a bad thing if you if you just come
25:52
Speaker 1: in and worth but if it's worth something that you
25:55
Speaker 1: could sell it. But that's the power of ownership, right,
25:58
Speaker 1: because you can't sell what you don't own. Yeah, like
26:02
Speaker 1: what fifty investors when he first launched, because he went
26:06
Speaker 1: to a bunch of doctors and got like a certain
26:08
Speaker 1: amount of money from East doctors and then yeah, success
26:10
Speaker 1: with that left and then started to build things on
26:13
Speaker 1: his own. And then also people forget Warren owns the
26:16
Speaker 1: most real estate as well. What he owns a ton
26:18
Speaker 1: of commercial properties. So what I want us to do
26:21
Speaker 1: collectively is to invest long term in the stock market,
26:24
Speaker 1: learn how to trade, learn how to build companies. But
26:27
Speaker 1: more important when we have to come together and support
26:30
Speaker 1: everyone's businesses because I really think I think it's a
26:32
Speaker 1: huge mistake, and the Jay situation highlights it. You can
26:36
Speaker 1: have a bunch of power, but I think if we
26:37
Speaker 1: teamed up, there would be a lot more. We always
26:40
Speaker 1: talk about moats, So that's a protective mechanism around the business.
26:44
Speaker 1: If you're doing business with people in the industry and
26:46
Speaker 1: the culture and the fan base, it's almost impossible to
26:49
Speaker 1: be canceled because your fan base and your investors would
26:52
Speaker 1: be the same group. But that one person get suck
26:54
Speaker 1: it up everybody, and that's the question I wanted to
26:58
Speaker 1: ask you all about it, Like it even worth being
27:01
Speaker 1: on social media nowadays if you have a business, because
27:04
Speaker 1: look at what was that company that just lost all
27:06
Speaker 1: of that money because somebody put out a fake tweet
27:08
Speaker 1: on Twitter. Yeah, a little bit. And even Kanye Kanye
27:12
Speaker 1: literally lost his business because of a tweet on social media,
27:21
Speaker 1: the trade chance. I think it's what did it for him. Yes, yeah,
27:25
Speaker 1: I mean I think we need to be on social
27:27
Speaker 1: media to promote the business. But my thing it's been
27:29
Speaker 1: like let someone else run it, Like I'll come up
27:31
Speaker 1: with some of the content and let them because we
27:32
Speaker 1: have to use that vehicle. Shy away from it. I
27:35
Speaker 1: think during the pandemic, we really learned that a lot
27:37
Speaker 1: of businesses that didn't have an online presence, it was
27:39
Speaker 1: hard for them to survive. Yeah, I mean, if you
27:42
Speaker 1: don't have an online presence, how do you how do
27:44
Speaker 1: you reach the masses? At this point, Like the way
27:45
Speaker 1: that people advertise is completely different. Even if you look
27:48
Speaker 1: at companies, they're cutting back on advertised spending. And so
27:51
Speaker 1: if you have a platform where you have low overhead
27:53
Speaker 1: to note overhead and you can get your message out
27:56
Speaker 1: to it. I mean for free really right to people.
28:00
Speaker 1: I don't care if it's a thousand people, it's a
28:01
Speaker 1: thousand new people that I'm talking Twitter in particular, though, Well,
28:04
Speaker 1: I I think so wording is very important, right, and
28:08
Speaker 1: they use words to devalue things like social media, influencer, influence.
28:14
Speaker 1: Social media is media. So media is extremely important and
28:19
Speaker 1: how you're growing your brand or getting your voice out there.
28:21
Speaker 1: I don't think there's anything that's ever been created as
28:24
Speaker 1: powerful as social media. It's changed our lives, that's for sure.
28:28
Speaker 1: So you have to be responsible with it. Just same
28:31
Speaker 1: thing like a media but when you're building your platforms.
28:34
Speaker 1: And this is important to talk about because black media
28:37
Speaker 1: is extremely important. And I had this conversation with Angela
28:39
Speaker 1: the other day, and a lot of people just think
28:42
Speaker 1: I'll have an Instagram page, so I could just post anything.
28:44
Speaker 1: But you have a responsibility. You don't have just an
28:47
Speaker 1: Instagram page. You have a media outlet. And when you're
28:50
Speaker 1: posting things that's just detrimental, that's ignorant, that's reinforcing stereotypes. Well,
28:55
Speaker 1: you're part of the problem, you're not part of the solution,
28:58
Speaker 1: and you're not beneficial. So when something happens and somebody
29:01
Speaker 1: gets killed, then you actually, you know, saying rest in
29:05
Speaker 1: peace is not really even sincere because you're actually contributing
29:08
Speaker 1: to the culture that is leading to young men getting killed.
29:12
Speaker 1: So this is a responsibility that people in media have
29:16
Speaker 1: to take more serious because when you look at black
29:18
Speaker 1: media and ninety five percent of it is celebrity and
29:20
Speaker 1: gossa based, then it goes to show while we're in
29:24
Speaker 1: a situation that we're in America where a country like China,
29:28
Speaker 1: you know in TikTok, if you're fourteen to nine, that
29:30
Speaker 1: you don't even get pushed none of that. That's for
29:32
Speaker 1: a reason. They understand the power of that. So a
29:34
Speaker 1: lot of times we don't fully understand the power of
29:38
Speaker 1: what we're doing because the words are so minimal. It's
29:40
Speaker 1: like our influence and not at world leaders. Very few
29:43
Speaker 1: people in the history of the world have ever had
29:44
Speaker 1: a million people that follow ups. If you have a
29:46
Speaker 1: million followers, you have half a million, you have one
29:48
Speaker 1: hundred thousand followers, you're in the top one percent in
29:50
Speaker 1: the world history. So you should take some level of
29:53
Speaker 1: responsibility or at least understand that. So that's extremely important,
29:57
Speaker 1: and it's like when growing a brand, understand the power
30:00
Speaker 1: of social media. How to use social media is important,
30:03
Speaker 1: but it's also understanding what not to post, what to say,
30:07
Speaker 1: the responsibility of who not to offend, like these are
30:10
Speaker 1: all things that we really have to be calculated about.
30:12
Speaker 1: We were having this conversation in Nashville this weekend. We
30:15
Speaker 1: were just sitting around chopping it up, and I was saying,
30:17
Speaker 1: how I think that they're putting too much, too much
30:21
Speaker 1: blame on executives and the record industry because to your point,
30:24
Speaker 1: the artists are the ones making the music. I don't
30:26
Speaker 1: think the executives can't have much other than to make
30:28
Speaker 1: some paper. But but if we're a funding drill music
30:31
Speaker 1: at scale from Chicago, Indiana twenty five minutes in Chicago.
30:35
Speaker 1: If for a funding that in La Chicago and New York,
30:39
Speaker 1: people are going to gravitated tay to what pays them.
30:42
Speaker 1: So I know rappers have to take responsibility. But going
30:44
Speaker 1: back to the same same bankman free conversation, if the
30:48
Speaker 1: vcs are funding all these crypto projects and they're saying,
30:51
Speaker 1: get us the best games so we can get the
30:53
Speaker 1: best return, we have to look at the labels in
30:55
Speaker 1: the same capacity and say you're funding the killing and
30:58
Speaker 1: when they die, you're keeping them mad and Sam's are
31:00
Speaker 1: going up That would not be legal in any other industry.
31:04
Speaker 1: I mean just from an accountability standpoint, right, thinking about that,
31:07
Speaker 1: like if you know that's the case, from an overarching theme,
31:10
Speaker 1: like who's accountable for that? Right? Because you are structuring
31:13
Speaker 1: these deals and you are promoting it at your game.
31:16
Speaker 1: Now you got the people who are the artists almost
31:18
Speaker 1: like the pawns in it, like they're gonna They're looking
31:20
Speaker 1: at from the standpoint like it's a chance for me
31:23
Speaker 1: to make money, yeah, right, but it's also a chance
31:26
Speaker 1: to you to be a tremendous detriment to the community
31:29
Speaker 1: at the same time. So the people that are constructing
31:32
Speaker 1: these deals, right, there's got to be a certain level
31:34
Speaker 1: accountability because you can see the long time effects of it, right,
31:37
Speaker 1: And that's why this is important. Like even these conversations
31:40
Speaker 1: and platforms are on pouring because it's like this is
31:42
Speaker 1: a different viewpoint, but it's an important viewpoint. I feel
31:45
Speaker 1: hasn't gone too far though, because we say drill, but
31:49
Speaker 1: drill is no different than what trap was, no different
31:51
Speaker 1: than what gangster rap was, still different than doing it's
31:55
Speaker 1: different because the messaging is it's progressively guying worse, and
32:00
Speaker 1: it's so crazy because you know, I was some my
32:02
Speaker 1: son shouts to nas. He's eleven, so he was like,
32:05
Speaker 1: I want to go to sugar Hill. Team take the
32:07
Speaker 1: sugar Hill and when he setting over, when he said that,
32:14
Speaker 1: why no. But the thing. The thing about sugar Hill
32:19
Speaker 1: is that for me, A Z one of my favorite
32:21
Speaker 1: rappers of all time. So when I think of sugar Hill,
32:23
Speaker 1: I'm thinking A Z song sugar Hill. And when A
32:25
Speaker 1: Z made that shong sugar Hill, that movie sugar Hill,
32:29
Speaker 1: sugar Hill at Hallam during the Hall of Renaissance was
32:31
Speaker 1: like the crown jewel of Hallom. That was like the
32:33
Speaker 1: best block in Hallom. That's where like all of the
32:36
Speaker 1: wealthy black people lived in sugar Hill. So that's why
32:39
Speaker 1: when A Z made that song sugar Hill. He's from Brooklyn,
32:41
Speaker 1: but that song sugar Hill was like a metaphor of
32:43
Speaker 1: like he wants to live the good life. And then
32:46
Speaker 1: I see, I'm like, what do you know about sugar Hill.
32:48
Speaker 1: And then there's a drill rapper. I don't want to
32:49
Speaker 1: mess his name up, but his d d d Osama
32:51
Speaker 1: I think his name is, and he's like he's from
32:53
Speaker 1: sugar Hill and he was like, that's like the hood,
32:56
Speaker 1: and I'm but it's just so crazy how it narrative changes,
32:59
Speaker 1: and then starting listening to the music. And then like
33:01
Speaker 1: his friend was fourteen years years old, Didosalma's friends fourteen
33:05
Speaker 1: years old and got stabbed to death, and Dido Sama
33:08
Speaker 1: has beef with K Flock's he's he's educating me on it.
33:12
Speaker 1: I don't know none of this K Box in prison.
33:15
Speaker 1: So I say that to say it's like this drill
33:17
Speaker 1: music is extremely powerful to young people like my son
33:21
Speaker 1: eleven years old. He don't even know nothing about that.
33:23
Speaker 1: But the fact that he's actually so entrenched and understanding
33:28
Speaker 1: the drill culture is like after a while, even if
33:31
Speaker 1: you're the best kid in the world, if you are
33:33
Speaker 1: constantly listening to somebody say I'm gonna smoke my ops,
33:35
Speaker 1: and it has its effects on you. And it's like
33:39
Speaker 1: a lot of these kids are dying fourteen years old,
33:41
Speaker 1: sixty these kids, young kids. So it's like the drill music,
33:44
Speaker 1: I think is a lot more violent. You think, so
33:48
Speaker 1: your guns in the air, it's beef coins out, But
33:55
Speaker 1: it was balanced at that time. No, if you had honest,
34:00
Speaker 1: you had you had tropical quests. Right, you had you
34:03
Speaker 1: had different sounds, you had j you had no, you
34:06
Speaker 1: have it, you had different levels and died from gun violence.
34:11
Speaker 1: Now it seems like every month someone like I said
34:14
Speaker 1: from Chicago, Indiana. There's a lot of killers that were
34:17
Speaker 1: happening in Chicago before a lot of Chicago rappers were popular. Also,
34:20
Speaker 1: we're going to talk about generational wealth. Noticed that these
34:24
Speaker 1: drill environments for music are also in areas in which
34:28
Speaker 1: that banks and hedge funds want to take over that property.
34:31
Speaker 1: So when we get to gentrification, if you have a
34:33
Speaker 1: bunch of killing, a bunch of violence, at some point
34:36
Speaker 1: legislation has usually passed. Happened in Detroit, right, what you're
34:39
Speaker 1: an investor in, Like, the violence was big in Detroit
34:43
Speaker 1: and then that guy didn't Gentrified happened in Chicago. That's
34:46
Speaker 1: happening here. So that kind of music is being used
34:50
Speaker 1: as a way to push us out of our communities
34:52
Speaker 1: as well. Really yawn. But because if you're looking at
34:57
Speaker 1: the stats decade over decade, if we have more violence
35:01
Speaker 1: in these cities, the politicians are going to say, we
35:04
Speaker 1: need to clean up the neighborhoods. And then if you
35:06
Speaker 1: clean up the neighbors, who hoods. What do you do?
35:08
Speaker 1: You normally push the people out that hope causing all
35:10
Speaker 1: the problems. Then the value is being pushed up dramatically.
35:14
Speaker 1: So at no point do the drill rappers who get
35:16
Speaker 1: killed get their masters. Usually their families are not taking
35:19
Speaker 1: care of and we're losing the real estate. And then
35:22
Speaker 1: all of a sudden, well, of course we have the
35:25
Speaker 1: like you said, RP on social media, but the economics
35:29
Speaker 1: are not coming back into our households and our communities.
35:31
Speaker 1: So it is being used as a mechanism to be
35:34
Speaker 1: able to take away from it. You see, Mary eric
35:36
Speaker 1: Adams was talking about banning drill music and there was
35:38
Speaker 1: a huge backlash. What do you think your responsibility is?
35:44
Speaker 1: As you guys don't have radio programming, but you're still
35:47
Speaker 1: in radio, what is your responsibility? How do you feel
35:50
Speaker 1: about drill music or not just drill music, but just
35:53
Speaker 1: music in general, Because it's like if you're talking about
35:55
Speaker 1: popping pills and drinking lean and smoking your ops, and
36:00
Speaker 1: what do you think your responsibility is as a like,
36:03
Speaker 1: what do you guys feel about that? I mean, it's
36:06
Speaker 1: interesting right because I'm forty four, so I've been seeing
36:09
Speaker 1: this since the nineties, since the rise of you know,
36:11
Speaker 1: gangster rap. So a lot of it for me was
36:13
Speaker 1: normalized until I got old and you start to be like, oh, no,
36:19
Speaker 1: you know what I mean. But for me, I think
36:20
Speaker 1: my responsibility as a personality is just to at least
36:23
Speaker 1: try to provide balance, you know, like in conversations like this,
36:27
Speaker 1: are even just hearing some of that stuff and being like, Nah, bro,
36:31
Speaker 1: that ain't that ain't it? You know what I mean?
36:33
Speaker 1: Like when I heard money back, Y'll say he's trying
36:35
Speaker 1: to find therapy in his cup. You know, I'm like, Nah,
36:38
Speaker 1: that ain't the line that we should get. Nah, you know.
36:43
Speaker 1: So I mean, that's that's that's that's all I can do.
36:45
Speaker 1: Angel I mean, but with as far as that, I mean,
36:48
Speaker 1: that is what really happens and rapping night people do
36:51
Speaker 1: try to find therapy, and that's an honest thing, right,
36:54
Speaker 1: And so I do feel like does life does life
36:57
Speaker 1: imitate our our influenced life? I think that art um
37:02
Speaker 1: influence his life. I used to think. I think I
37:05
Speaker 1: think I thought that until it started being very profitable
37:07
Speaker 1: in the music industry, to pretend to be something you're not.
37:09
Speaker 1: And that's why the whole movie see before even existing.
37:11
Speaker 1: There's a lot of people that I thought of pretending
37:13
Speaker 1: just because it was profitable. But I just think it's
37:14
Speaker 1: about perspective to like how you're framing it, Like if
37:17
Speaker 1: you're saying, I was trying to find therapy in my cup,
37:18
Speaker 1: but now you've realized, you know, it's because that does
37:21
Speaker 1: really happen. It doesn't even matter what feels your in.
37:24
Speaker 1: That happens to people all the time. Sometimes people smoke
37:27
Speaker 1: weed because they don't want to think about things. They
37:29
Speaker 1: drink all the time because they're going through something. And
37:32
Speaker 1: so I don't know that that's because of music. I
37:34
Speaker 1: do feel like that's a real thing, but that's that's
37:37
Speaker 1: that's the state of where they were at at that time, right,
37:39
Speaker 1: And I think we had that conversation of the day.
37:41
Speaker 1: It was like, very rarely do we get to see
37:43
Speaker 1: our artists mature. We don't get to see growth, We
37:45
Speaker 1: don't get to see accountability or stability, because when they
37:49
Speaker 1: tried to make that pivot, it's not profitable anymore, you
37:52
Speaker 1: see what I'm saying, And so like if I know
37:54
Speaker 1: that's the new message, right, Like I compared to when
37:56
Speaker 1: I grew up listening to the nas and then I hurt,
37:58
Speaker 1: life is good, and I'm like, wait, this is different.
38:00
Speaker 1: He's talking about daughters. I have a daughter. When I
38:02
Speaker 1: heard Jay on four for four talking about responsibilities inside
38:05
Speaker 1: of a marriage, that's different from the guy who heard him.
38:07
Speaker 1: My own reasonable doubt, and it was like, Yo, that's growth.
38:09
Speaker 1: That's maturation. We've grown with him, whereas we don't see that.
38:12
Speaker 1: We don't get to that point. We talked about the
38:14
Speaker 1: GZ situation. I'm like, yo, I remember when they happened.
38:16
Speaker 1: I'm like, Yo, that's growth. Everybody was like, yo, he's
38:18
Speaker 1: a sucker with dude. I'm like, nah, that's growth, bro,
38:20
Speaker 1: Like that's the dude. That's a snowman who just had
38:23
Speaker 1: oppositions in his face and was mature about it and
38:27
Speaker 1: left right peacefully. And now you see the other part. Obviously,
38:30
Speaker 1: Couci was like, you know, I was wrong, that's also
38:32
Speaker 1: but we don't get to see it. Well. I think, like,
38:34
Speaker 1: look at a little baby somebody like him, for instance,
38:36
Speaker 1: when he and then you see the positive things that
38:38
Speaker 1: he's doing now even off camera, and then the song
38:40
Speaker 1: the bigger picture was huge for him. Yes, And so
38:43
Speaker 1: I do feel like people artists do have that. I
38:46
Speaker 1: just feel like sometimes it's also experienced, Like for us,
38:48
Speaker 1: we don't know better. We don't do better until we
38:51
Speaker 1: know better. And sometimes it is those experiences and having
38:54
Speaker 1: things happen that help you grow because you could tell
38:57
Speaker 1: somebody to do something, but until they haven't experienced, that
39:00
Speaker 1: makes them look at things differently. It's hard for them
39:02
Speaker 1: to grasp that we have two as older people would
39:04
Speaker 1: experience at least one them what's coming, right. But I
39:08
Speaker 1: just think about myself like, you couldn't tell me what
39:10
Speaker 1: to do until something happened, and I'm like, oh damn,
39:12
Speaker 1: I can't you know, And it's unfortunate. But sometimes there's
39:15
Speaker 1: a lot of people that will tell you what to do.
39:17
Speaker 1: I mean, but we have to start teaching our kids
39:19
Speaker 1: earlier because the core of all of this is lack
39:21
Speaker 1: of money. So even if I'm looking at artists that
39:25
Speaker 1: are promoting certain lifestyles, most of them signed bad deals.
39:30
Speaker 1: A lot of shows are out there, they're getting taken
39:32
Speaker 1: advantage of them any ways, And I think that's why
39:34
Speaker 1: these conversations are important. Thank you for having us here,
39:36
Speaker 1: because I truly believe if we start teaching, I'll start
39:39
Speaker 1: to teaching my son at too, how to invest in,
39:41
Speaker 1: how to trade, Like if we teach our kids early
39:43
Speaker 1: and that passes into the community. And that's why we
39:45
Speaker 1: always sell on the show, like share the information with
39:48
Speaker 1: your friends, because I truly believe if we can make
39:50
Speaker 1: our communities rich before the street to get to them,
39:53
Speaker 1: we will eliminate a lot of these problems. There would
39:55
Speaker 1: be no desire for drill rap inflat. We can show
39:57
Speaker 1: our thirteen year old how to code, how to trade,
39:59
Speaker 1: how to invest, build media, and now he's making thirty
40:01
Speaker 1: fifty thousand dollars a month. So we have to use
40:05
Speaker 1: our voice, information in our light to get to them
40:08
Speaker 1: before the streets does. Because when I was growing up,
40:10
Speaker 1: all the elders would tell the kids to get off
40:11
Speaker 1: the street. But I'm like, you have no alternative for them.
40:14
Speaker 1: We have to get to them before the drug dealers
40:16
Speaker 1: in the street does. Yeah, And it's like one of
40:18
Speaker 1: those valuable lessons, the difference between entertainment and career. Yeah,
40:22
Speaker 1: Like we had this conversation a few years back with us,
40:24
Speaker 1: like we grow up thinking like rap is going to
40:26
Speaker 1: be our career, whereas other groups think that that's just entertainment, right,
40:29
Speaker 1: because the career is going to be in other fields.
40:31
Speaker 1: And what I'm saying, it might be invested, it might
40:33
Speaker 1: be in finance, it might be in education. But we
40:36
Speaker 1: only see sports and entertainment. That's why I said, Like
40:39
Speaker 1: growing up, it was like, all right, that's the only
40:41
Speaker 1: things we could aspire to be. But now, like especially
40:44
Speaker 1: with having media, especially black media that like people like
40:48
Speaker 1: us and people others in the space, they're showing different outlets.
40:51
Speaker 1: So now the education piece, you're not going to sign
40:54
Speaker 1: that bad deal or you're not looking like, yo, this
40:55
Speaker 1: is the only way to make it out. Like I
40:57
Speaker 1: just watched guys make ten thousand dollars, you know what
40:59
Speaker 1: I'm saying in a year and investing, And so it
41:01
Speaker 1: changes the trajectory, right when we when we expose them
41:04
Speaker 1: to education and change the mindset and change what they
41:07
Speaker 1: think they can be, it changes the whole community. What
41:10
Speaker 1: do you think we can do to make that cooler? Though?
41:13
Speaker 1: I think it's happening now. Even if you look at
41:15
Speaker 1: the last you look at the last decade, the three
41:17
Speaker 1: biggest rappers of the last decade ain't even on that.
41:19
Speaker 1: Kendrick Drake, J Cole. I mean, you know, Future is
41:23
Speaker 1: probably the fourth, first and I would put on that. Yeah,
41:24
Speaker 1: that list, right, but it's like those three don't even
41:26
Speaker 1: they're not even on that. Yeah, No, it's happening. We
41:29
Speaker 1: need more amplification. It's me nineteen Keys were talking about this.
41:32
Speaker 1: We had a live and it's like, all right, we
41:35
Speaker 1: go to London and we sell out Royal Albohol, which
41:39
Speaker 1: is the most prestigious venue in Europe and one of
41:41
Speaker 1: the most prestigious venues in the world, and it's ninety
41:44
Speaker 1: eight percent black people in there. That's something that needs
41:48
Speaker 1: to be amplified, not just for our own self gratification,
41:52
Speaker 1: because it's important message and it's a very symbolic message,
41:56
Speaker 1: just like the MSG situation is very symbolic. And this
41:59
Speaker 1: needs to be championed by everybody because it's like, all right,
42:02
Speaker 1: we talk there's no more important issue than financial literacy
42:05
Speaker 1: right now for our community, because financial literacy, like he said,
42:08
Speaker 1: it goes to health, it goes to mass incarceration, it
42:10
Speaker 1: goes to politics, it goes to everything. So if we
42:13
Speaker 1: can get out thousands of people, whether it's invest vest,
42:15
Speaker 1: whether it's New York, whether it's London, this is a
42:17
Speaker 1: global phenomena. This means that people are interested. This means
42:21
Speaker 1: that the conversation is changing, but we need help. We
42:24
Speaker 1: need help amplifying that, and we need help showing that
42:28
Speaker 1: because everybody's not aware of it. If you're not in
42:30
Speaker 1: the space, you might not have known what have happened.
42:32
Speaker 1: But it's just like how we hear the same song
42:34
Speaker 1: on the radio every day and then we're like, Okay,
42:36
Speaker 1: I know twenty one Savage and Drake have an album
42:39
Speaker 1: because every outlet is posting it and I'm hearing it
42:42
Speaker 1: every single time. So even if I'm not a twenty
42:43
Speaker 1: one Savage or Drake fan, I'm at least aware of
42:46
Speaker 1: what they have going on. The same thing needs to
42:48
Speaker 1: happen when the financial literacy movement that you see is
42:51
Speaker 1: making changes and it's happening, and we are getting, you know,
42:56
Speaker 1: a lot of attention and shout out to you guys.
42:57
Speaker 1: You guys have championed us, but we need we need
43:00
Speaker 1: more of it from everybody. Like I said, this is
43:02
Speaker 1: something that is extremely beneficial and this is how we
43:05
Speaker 1: start to change the narrative. Narratives are very very important.
43:08
Speaker 1: So instead of the narrative being the only black people
43:11
Speaker 1: basketball players and rappers, no, the narrative is that we
43:14
Speaker 1: can start media companies, we can be investors, we can
43:16
Speaker 1: have trucking companies, we can we could be public speakers.
43:19
Speaker 1: Like that's a new narrative. Not to say that anything
43:21
Speaker 1: is wrong with sports and entertainment, but there has to
43:23
Speaker 1: be a balance and the only way to create that
43:25
Speaker 1: balance is to show an alternative. Can I ask you
43:28
Speaker 1: guys to get only your business? Since we're what are
43:31
Speaker 1: the plans long term for Earn your Leisure? We know,
43:34
Speaker 1: tell us about the Steve Harvey situation. Do you plan
43:37
Speaker 1: to go public? Since we were talking about valuations, Yeah,
43:42
Speaker 1: for sure. I don't like this off, but now I
43:50
Speaker 1: think that Steve Harvey has been a great relationship for us,
43:53
Speaker 1: and that's something. So he invested in your leisure. He
43:58
Speaker 1: did not invest Earn your Leisure, but we did partner
44:01
Speaker 1: on invest vests. Okay, okay, part of the festival. Yeah,
44:04
Speaker 1: he's a partner and invest vest and I'm sure we'll
44:07
Speaker 1: probably do a lot more things together with him as well,
44:10
Speaker 1: because he's a very you know, a stute businessman and
44:13
Speaker 1: he sees the value what we have created. So he's
44:14
Speaker 1: looking at, you know, to do more things with us,
44:17
Speaker 1: and we're looking to do more things with him. And
44:18
Speaker 1: as far as the brand of Earning Your Leisure, I
44:21
Speaker 1: think that, you know, we've created a very good media
44:24
Speaker 1: company that can grow to become one of the top
44:27
Speaker 1: media companies in the world. And that's the goal is
44:29
Speaker 1: to really grow it as big as al Jazeers and
44:32
Speaker 1: and grow it as big as Complex or bigger. And
44:35
Speaker 1: you know that all encompasses the live events, that encompasses content,
44:38
Speaker 1: that encompasses education, that accompasses a lot of different things
44:41
Speaker 1: that we have going UM. And as far as the yeah,
44:45
Speaker 1: it would be great to have it on the on
44:47
Speaker 1: the Stock Exchange, especially since we talk about stock so much. UM.
44:50
Speaker 1: I think that that's something that would be extremely important
44:53
Speaker 1: and another symbolic gesture for the culture to see. You know,
44:56
Speaker 1: a company that started with a couple of iPhones and
44:59
Speaker 1: you literally start from one follower on Instagram. Some people
45:02
Speaker 1: have been with us since we had a one hundred
45:03
Speaker 1: followers from day one and started as a podcast and
45:06
Speaker 1: then goes to a podcast network and then CROs to
45:08
Speaker 1: a media company and then has a lot of events
45:10
Speaker 1: and has an educational component, and then you know, has
45:13
Speaker 1: a lot of other people that are encompassed in a situation,
45:16
Speaker 1: whether it's nineteen Keys, whether it's in whether it's mortgage
45:19
Speaker 1: guy with its Wall Street trap, or you know a
45:20
Speaker 1: lot of different people. So I think that it's a
45:23
Speaker 1: it's a great story to tell because it's black people
45:28
Speaker 1: working together. It's happening in real time. It's bootstrapped, it's
45:33
Speaker 1: working with our friends, all of our people that work
45:35
Speaker 1: with earn your Lesia, people that we grew up with.
45:37
Speaker 1: Would you put your love under that? We talk about
45:44
Speaker 1: We talk about a narrative, like imagine now seeing that,
45:47
Speaker 1: Like we've seen companies get publicly traded, but we didn't
45:50
Speaker 1: know how they started. People literally have watched this from
45:53
Speaker 1: you from the real time, right. This is happening in
45:56
Speaker 1: real time, right, So that's the power of media, and
45:58
Speaker 1: I guess social media's like people literally watched it. They've
46:01
Speaker 1: seen us on iPhones, they've seen us. We told him
46:03
Speaker 1: the equipment we were using, we told him we're going
46:05
Speaker 1: to be here. We shook called them about all these
46:07
Speaker 1: people we talked about talking about. We talk about all
46:09
Speaker 1: these things and now it's it's a narrative, but it's
46:12
Speaker 1: also a learning experience. This is like the real nat
46:15
Speaker 1: Gil Like you're watching us do this in real time,
46:18
Speaker 1: and so to see a company that can go public
46:20
Speaker 1: or have a billion dollar valuation, it's like thinking about
46:23
Speaker 1: the aspiration that does for a generation of people. Right, Like,
46:26
Speaker 1: kids are looking like that was my teacher, Yo. I
46:28
Speaker 1: remember when I used to watch him play ball. Yo,
46:30
Speaker 1: I remember when he was in Indiana walking the hall,
46:32
Speaker 1: Like they're watching this happen and they know the people,
46:35
Speaker 1: So it makes it completely relatable, but it makes it
46:37
Speaker 1: aspirational to it. But also just one last thing I
46:39
Speaker 1: wanted to say, that's extremely important. It's also important for
46:43
Speaker 1: us to help grow other brands as well. So it's
46:45
Speaker 1: like we partner with Charlemagne and the Black Effect podcast
46:49
Speaker 1: that work because we see the value in that, and
46:51
Speaker 1: we see the value in collaboration. We partner with Revolt
46:55
Speaker 1: because we see the value and Revolt I like what
46:57
Speaker 1: they're doing over there. Shout to the Tavion and on
47:00
Speaker 1: and Diddy and all of that. These are things that
47:02
Speaker 1: we're not afraid to work with other people's. Like we
47:05
Speaker 1: have our thing, but it's not one hundred percent. We
47:07
Speaker 1: have to have everything ourselves, Like now, let's put a
47:10
Speaker 1: show on a Volt, Let's have our podcast on his network, like,
47:13
Speaker 1: this is how as he gets bigger, we're gonna get bigger,
47:17
Speaker 1: and as we get bigger, he's gonna get bigger. And
47:19
Speaker 1: this is what Steve Harvey sees, right. So it's like,
47:21
Speaker 1: all right, Steve Harvey is already up a couple hundred
47:23
Speaker 1: million dollars, but he sees the value in us on
47:26
Speaker 1: a grassroots level and how we could help amplify his
47:29
Speaker 1: voice to a younger generation. So we're beneficial to him
47:32
Speaker 1: and he's beneficial to us. So that's extremely important. I
47:35
Speaker 1: want to hammer that in a lot of time, people
47:37
Speaker 1: are too self centered and they're too concerned about what
47:41
Speaker 1: they have going on, and they don't want to work
47:43
Speaker 1: with anybody else. We have to stop doing that. The
47:45
Speaker 1: only way to go to that billion dollar, multibillion dollars
47:48
Speaker 1: valuation is collaboration. You never build anything by yourself. There's
47:52
Speaker 1: no such thing itself made. You have to work with
47:55
Speaker 1: other people. You have to work with other brands, you
47:57
Speaker 1: have to work with other companies. You have to know
47:58
Speaker 1: how to negotiate, you have to be diplomatic, you have
48:01
Speaker 1: to be, you know, a gentleman, like these are all
48:03
Speaker 1: things that's extremely important. It's like, I'm the narrative of
48:06
Speaker 1: being a hot headed businessman that's yelling at people, cursing
48:09
Speaker 1: that people that might the real time is not working.
48:11
Speaker 1: It's not you never worked. Pride ourselves and team together.
48:20
Speaker 1: Like all the banks work together, Like we were at
48:23
Speaker 1: the exchange company one Public. All the banks that you
48:27
Speaker 1: see Warren against each other, they were all listed as
48:29
Speaker 1: partners as one. So we've teamed up and done stuff.
48:31
Speaker 1: They're doing stuff with Steve me Alice and Wheezy teamed up,
48:34
Speaker 1: did the studio in La Like the only way to
48:36
Speaker 1: create generational wealth is to build with your friends. And
48:40
Speaker 1: then we have to put ego away. And like you said,
48:42
Speaker 1: you can't be a hot head and golf like us eat.
48:44
Speaker 1: Tupac's my favorite person, Like going back to the culture
48:47
Speaker 1: of rap and I didn't even know back then, like
48:49
Speaker 1: Tupac was claiming blood setting of knowing that he didn't
48:52
Speaker 1: grow up in that one small hot headed mistake end
48:55
Speaker 1: up costing him his life. So like I think we
48:58
Speaker 1: need multiple So but when you have counsel and you
49:06
Speaker 1: have friends that can check you and say, hey, no, brother,
49:08
Speaker 1: you're doing this wrong. Fix this here, or maybe we
49:11
Speaker 1: need to progress here. That's why I always tell everyone,
49:13
Speaker 1: let's figure out ways to team up and do more things.
49:15
Speaker 1: Like I'll talk about hal from eighty five and be like, hey,
49:17
Speaker 1: we like we have to continue to grow because I
49:21
Speaker 1: hated that Rockefeller Murder Ink rough Riders back in the
49:25
Speaker 1: day didn't do more. But now we are in a
49:27
Speaker 1: position to be that and do that kind of like
49:30
Speaker 1: cash money to absolutely because like if jay Z and
49:35
Speaker 1: Murder Inc. If they would have just put in thirteen
49:38
Speaker 1: million dollars in nineteen ninety six, just us saying to
49:41
Speaker 1: Apple or any fund till this day, they would be
49:45
Speaker 1: up seven and a half billion dollars and never have
49:47
Speaker 1: to release an album. I don't think they had the
49:48
Speaker 1: tools though, I get what you're saying. I just did.
49:50
Speaker 1: They didn't have people teaching them financial literacy back, and
49:53
Speaker 1: just even on the mental you know, I'm a mental
49:57
Speaker 1: health advocate, so it's just like mental and emotional health
49:59
Speaker 1: keeps you from being that angry hothead who's projecting all
50:02
Speaker 1: your insecurities on the other people. I don't think they
50:05
Speaker 1: had those tools back. Can you give us three tips
50:07
Speaker 1: to be more peaceful? Um? Because I really admire you
50:11
Speaker 1: and try every time I talk to y'all, no matter
50:13
Speaker 1: what happens, you guys are like happy me and we're
50:16
Speaker 1: shy working on my inner Dame Dad, I'm always going
50:24
Speaker 1: to argue with everybody, no reason. The biggest thing I
50:27
Speaker 1: tell people to go to therapy number one, you know
50:29
Speaker 1: what I mean, And you find a good therapist though,
50:31
Speaker 1: because it's gonna takes It takes a while. It's not easy,
50:33
Speaker 1: you know what I mean. You answered this mom. Man,
50:35
Speaker 1: we're gonna leave with our wives on the I'm gonna
50:43
Speaker 1: say God, I mean mine is therapy, God and black women,
50:45
Speaker 1: So my wife, you know what I mean. But definitely,
50:47
Speaker 1: but you know, like definitely start with therapy. Therapy is
50:50
Speaker 1: the gateway drug to it all. I think okay, therapy,
50:54
Speaker 1: therapy is the gateway drugs to it all. That's right.
50:56
Speaker 1: Hashtag that market Monday's Live would earn your leisure in
51:01
Speaker 1: Dune Lap Sunday, November twenty seven. Who lu that Madison
51:03
Speaker 1: Square Garden. The tickets even still available? Yes, yes, okay,
51:06
Speaker 1: you can earn your leisure dot com market mondays dot
51:09
Speaker 1: com um tab on our website. Um yeah, it's a
51:12
Speaker 1: few tickets left, so get them. Yeah, um, and it's
51:15
Speaker 1: it's gonna be nice to remember time had um one
51:18
Speaker 1: year of stock Club, which normally costs ten grand when
51:20
Speaker 1: you get a ticket, one year of Sniper, which teaches
51:23
Speaker 1: you how to trade. So if you need a quick target,
51:24
Speaker 1: one hundred and twenty three points on a dollar Nastack,
51:27
Speaker 1: if you trade thirty three contracts, it's twenty thousand dollars.
51:29
Speaker 1: You speak English. That's saying one points. Yes, you can
51:36
Speaker 1: make money as it goes up. Okay, if it goes down,
51:38
Speaker 1: you can make money as it goes down. Right, um,
51:41
Speaker 1: So I'm giving them a target to use every day
51:44
Speaker 1: because normally when the dow goes up or down on
51:46
Speaker 1: Nastack and normally goes up four or five hundred points,
51:48
Speaker 1: one hundred and twenty three points is an easy target
51:51
Speaker 1: we can used to be able to make money. And
51:54
Speaker 1: I mean that was funny, but we will hear and
51:57
Speaker 1: the reason why I may not sound like English, and
51:59
Speaker 1: maybe we need a therapy and financial literacy segment that
52:01
Speaker 1: we can partner on. But if we're hearing rappers talking
52:04
Speaker 1: about selling drugs openly on air, why are we having
52:08
Speaker 1: these conversations about where this sounds like English to the culture.
52:11
Speaker 1: That's true, that's fluency that I say, like we focused
52:14
Speaker 1: so much on just being literate, but like, yeah, that's
52:17
Speaker 1: the ability to read and write. But now let's have
52:19
Speaker 1: the next conversation, which were actually fluid in the language,
52:22
Speaker 1: so it doesn't sound foreign to you anymore. So that
52:24
Speaker 1: was a stop tip. You just get what we pre
52:33
Speaker 1: appreciate you. Ye, go to our relations dot com, market
52:36
Speaker 1: moneys dot com, get your tickets. Um Floyd money may
52:39
Speaker 1: whether we have a conversation with him, Don Peebles, billionaire
52:41
Speaker 1: real estate developer, Jada Kiss, where we performing. We got
52:44
Speaker 1: Peter Tuckman, we got mouse showns, you got suone, we
52:46
Speaker 1: got all of us. We're gonna be there, and a
52:48
Speaker 1: bunch of surprise. And that was exclusive by the way,
52:50
Speaker 1: that Floyd Mayweather is going to be happy one on
52:53
Speaker 1: one exclusively dropped on the breakfast club. Love y'all the
52:57
Speaker 1: champy champ is it we kids would do that, the champions,
53:00
Speaker 1: the champions Hi. It's as in dunlap is the breakfast
53:04
Speaker 1: club