Latest / Earn Your Leisure / EYL #150 Ryan Leslie & Hill Harper Talk Stocks, Bitcoin, & Wealth

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EYL #150 Ryan Leslie & Hill Harper Talk Stocks, Bitcoin, & Wealth · Earn Your Leisure

• 0:00
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• 2:12
  Speaker 4: So first and foremost, thank you guys for coming. I
• 2:15
  Speaker 4: really appreciate it. If you've watched Ryans Leslie's episode on
• 2:20
  Speaker 4: Earn your Lesia, I'm sure you got a ton of game.
• 2:22
  Speaker 4: And if you watched Till Harper, who was on Market
• 2:25
  Speaker 4: Mondays twice, I'm sure you got a ton of game.
• 2:28
  Speaker 4: So this is just gonna be an extension of that.
• 2:29
  Speaker 4: It's titled Crypto, but we're gonna be talking about a
• 2:32
  Speaker 4: lot more than just crypto. We're gonna be talking about
• 2:34
  Speaker 4: the business world, investing, the musical side of things, group
• 2:38
  Speaker 4: economics well.
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  Speaker 6: As long as with cryptocurrency as well.
• 2:42
  Speaker 4: So you know, this is going to be one of
• 2:44
  Speaker 4: these EYL conversations where you get a million a million
• 2:47
  Speaker 4: dollars worth a game from people that have done it
• 2:51
  Speaker 4: at a high level. That's doing it at a high level.
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  Speaker 4: So I encourage everybody to listen. It's very rare that
• 2:58
  Speaker 4: you get an opportunity to head it's kind of information,
• 3:00
  Speaker 4: especially from two gentlemen together at the same time.
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  Speaker 6: So let's get into it. Let's get into it, all.
• 3:06
  Speaker 4: Right, Ryan, I want to talk with I want to
• 3:10
  Speaker 4: I'm gonna ask you the first question. So you spoke
• 3:14
  Speaker 4: about before as far as mentorship right in college, and
• 3:18
  Speaker 4: you had an experience with Sandy Green, PhD. Right, So
• 3:22
  Speaker 4: part of I feel like the community that we have
• 3:25
  Speaker 4: built is mentorship. It's kind of like an online mentorship,
• 3:28
  Speaker 4: and you never know how somebody can change your life,
• 3:31
  Speaker 4: and experiences can change your life.
• 3:32
  Speaker 2: So can you talk about that for sure?
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  Speaker 7: First of all, this echo is crazy. What I will say, though,
• 3:44
  Speaker 7: is that mentorship is really like having an extended family member,
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  Speaker 7: somebody who's going to make an investment in you when
• 3:54
  Speaker 7: you are already hard working, when you already know that
• 3:58
  Speaker 7: you have the talent, you have the tenacity, you have
• 4:02
  Speaker 7: the drive, the desire, the discipline, the dedication, and sometimes
• 4:07
  Speaker 7: you just need the direction. And so for me, mentorship
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  Speaker 7: really was that moment when you know, my parents, they're
• 4:14
  Speaker 7: from the Salvation Army, so they have always been storing
• 4:19
  Speaker 7: up treasures in heaven. So what that means is that
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  Speaker 7: they sacrifice treasures on earth in the service of others
• 4:26
  Speaker 7: to have treasures in heaven. That doesn't pay for a
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  Speaker 7: Harvard education, you know what I'm saying. And so they
• 4:34
  Speaker 7: were able to actually inspire me to apply to Harvard
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  Speaker 7: very early. And I was lucky when I was there
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  Speaker 7: to actually have a mentor. And I truly believe that
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  Speaker 7: that made the difference between the trajectory that I already
• 4:49
  Speaker 7: was on and where I've been able to get to now.
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  Speaker 4: So I want to ask you the next follow up question, Ryan,
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  Speaker 4: is stock question right in the long Lines where the
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  Speaker 4: market one day.
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  Speaker 6: Apple Apple.
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  Speaker 4: You invested in Apple in two thousand and nine, and
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  Speaker 4: I believe you have a sixteen thousand percent rate of
• 5:08
  Speaker 4: return on that initial investment. If anybody watches the show,
• 5:13
  Speaker 4: we always Ian always talks about.
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  Speaker 6: Buy and hold, buy and hold, and a.
• 5:18
  Speaker 4: Lot of people get caught up in day trading and rotations,
• 5:21
  Speaker 4: and he always says, you're gonna rotate your way into
• 5:23
  Speaker 4: poverty by leaving your positions. So can you talk about
• 5:28
  Speaker 4: that the value and what made you invest in Apple
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  Speaker 4: early and what made you keep it Because a lot
• 5:33
  Speaker 4: of times people might have had one hundred percent, three
• 5:36
  Speaker 4: hundred percent rate of return on their money and they're
• 5:38
  Speaker 4: taking it out. You left it in and now you're
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  Speaker 4: up sixteen hundred sixteen thousand. You're up sixteen thousand percent
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  Speaker 4: on your initial investment.
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  Speaker 6: So talk about that.
• 5:48
  Speaker 2: Yeah. For sure.
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  Speaker 7: To be a great long term investor, it really just
• 5:54
  Speaker 7: comes down to three elements. The first and the second
• 5:59
  Speaker 7: you can The third is up to the market in
• 6:03
  Speaker 7: the economy. The first is just time. When do you
• 6:09
  Speaker 7: start and how long do you hold? For me, my
• 6:13
  Speaker 7: holding time horizon is always twenty years. And the reason
• 6:18
  Speaker 7: why my time horizon is twenty years is because when
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  Speaker 7: you look at the history, anytime you've held if we
• 6:26
  Speaker 7: talk about the S and P five hundred, or we
• 6:29
  Speaker 7: talk about the total Stock Market Index, anytime you've held
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  Speaker 7: for twenty years, you've had a zero percent chance of loss,
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  Speaker 7: a zero percent chance of loss. I know a lot
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  Speaker 7: of people who are new to investing. I know for sure.
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  Speaker 7: My parents are from the Caribbean. They thought being in
• 6:49
  Speaker 7: the stock market is just gambling. They see people actually
• 6:52
  Speaker 7: do exactly what we were just talking about, that rotation
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  Speaker 7: where you just leave too much of that money on
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  Speaker 7: the table. You see it do one summersault or two summersaults.
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  Speaker 7: You've never seen your money dance like that, and you
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  Speaker 7: take it out. But twenty years is the time horizon.
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  Speaker 7: Number two is the rate of savings, and number three
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  Speaker 7: is the rate of return. When I make an investment,
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  Speaker 7: I want to be an owner, and ownership is not
• 7:20
  Speaker 7: about a short term play. Just think if you actually
• 7:24
  Speaker 7: bought a franchise and you put somebody in that franchise
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  Speaker 7: and on day one they were selling let's say, twenty Hamburgers.
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  Speaker 7: Then in two years they were selling three hundred Hamburgers.
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  Speaker 7: Why would you sell a franchise if it's actually delivering
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  Speaker 7: for you. So what I will say is that the
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  Speaker 7: reason I held though had to do with mentorship. I
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  Speaker 7: watched my investment go from one hundred thousand to three
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  Speaker 7: hundred and fifty thousand, and I remember a conversation I
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  Speaker 7: had with my mentor. Said, hey, look, man, I took
• 8:03
  Speaker 7: your advice and man, one hundred thousand to three fifty
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  Speaker 7: I'm gonna cash out, get something nice for my mom.
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  Speaker 7: And he gave me an ultimatum at that time. He said, Ryan, listen,
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  Speaker 7: you can go ahead and cash out, give something nice
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  Speaker 7: to your mom, but we'll shake hands and I'll never
• 8:20
  Speaker 7: teach you anything again. Or you figure out a different
• 8:24
  Speaker 7: way to give something nice to your mom, and hold
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  Speaker 7: on to that investment and we'll check in every single
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  Speaker 7: year around tax time and we'll see what it grows to.
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  Speaker 7: And when we checked in this year, that one hundred
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  Speaker 7: thousand I got it on my birthday September twenty fifth,
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  Speaker 7: two thousand and nine, that one hundred thousand was just
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  Speaker 7: under sixteen million.
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  Speaker 2: And if I hadn't.
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  Speaker 4: Don't let that, don't let that go over your hand.
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  Speaker 4: Clap it up for that, ladies and gentlemen.
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  Speaker 7: But that's the difference that mentorship makes because for me,
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  Speaker 7: if it was up to me, I look in the mirror,
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  Speaker 7: I'm thinking, Man, I'm smart. I made a great investment.
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  Speaker 7: It's giving me a great return. And sometimes the lens
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  Speaker 7: of expertise and the lens of experience can actually provide
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  Speaker 7: you wings that allow you to fly further than you
• 9:24
  Speaker 7: can fly on your own. And so that's why I
• 9:27
  Speaker 7: think first and foremost when I look at a company,
• 9:29
  Speaker 7: I want to be in a company that when I
• 9:31
  Speaker 7: look around, I use it every day and the people
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  Speaker 7: I love they can't live without it. So when I'm
• 9:36
  Speaker 7: looking at Instagram, I want to be an owner in Facebook.
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  Speaker 7: When I'm looking at devices that I'm seeing all around,
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  Speaker 7: I want to be an owner in that company. When
• 9:45
  Speaker 7: I'm seeing the platform that I'm able to even listen
• 9:49
  Speaker 7: to podcasts on, I want to be an owner. And
• 9:54
  Speaker 7: you got to give the business time to materialize into
• 9:58
  Speaker 7: the growth that you're looking for, because you want your
• 10:02
  Speaker 7: money to work for you, So give the business the
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  Speaker 7: time to grow.
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  Speaker 4: Does that sound familiar if anybody watches market, mondays, this
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  Speaker 4: is the same thing that we've been saying for a
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  Speaker 4: very long time. You gotta buy good companies, hold them
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  Speaker 4: for twenty years tech companies. So these things that you
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  Speaker 4: keep hearing, as he said, it was mentorship. So you
• 10:25
  Speaker 4: can get mentorship in a variety of different ways. So
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  Speaker 4: when you receive the information online, it's important to take
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  Speaker 4: heed to that because that one hundred thousand to three
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  Speaker 4: fifty is a great flip, but one hundred thousand to
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  Speaker 4: sixteen million is out of this world flip.
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  Speaker 2: It's different. It's a little different.
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  Speaker 7: And I say this like honestly, when you think about it, man,
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  Speaker 7: think about the companies that have done extremely well. They've
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  Speaker 7: always done well over a twenty to thirty year time horizon.
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  Speaker 7: And I want you to think, if you got into
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  Speaker 7: Amazon when it first IPO, when you got into Monster
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  Speaker 7: Energy when it first IPO, if you would have sold
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  Speaker 7: at a thousand percent I'm talking about ten x your money,
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  Speaker 7: you would have left tens of thousands of percent on
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  Speaker 7: the table. And a beautiful piece about money is when
• 11:20
  Speaker 7: you put it to work for you. It's one of
• 11:22
  Speaker 7: the greatest employees because it never has a sick day,
• 11:26
  Speaker 7: it never goes on vacation and never asks for time off.
• 11:30
  Speaker 7: It never gets old, it never gets weak. It's always
• 11:34
  Speaker 7: there to keep working for you unless you actually go
• 11:38
  Speaker 7: ahead and cash out. So when you actually earn the
• 11:42
  Speaker 7: money and you put it to work, let it be
• 11:46
  Speaker 7: your greatest employee and don't let it just be one.
• 11:51
  Speaker 7: If I told you right now that the way that
• 11:53
  Speaker 7: the stock market works is non discriminatory, the twenty percent
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  Speaker 7: that you are making a year is the same twenty
• 12:01
  Speaker 7: percent that's afforded to Warren Buffett or any other hedge fund.
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  Speaker 7: The difference is how many dollars do you have growing
• 12:10
  Speaker 7: by twenty percent. If you got one hundred dollars, well
• 12:13
  Speaker 7: then that's twenty dollars. If you got one hundred thousand,
• 12:17
  Speaker 7: well that's twenty thousand. If you got a million, well
• 12:20
  Speaker 7: that's two hundred thousand. You got ten million, where y'all
• 12:23
  Speaker 7: can continue to do the math. So when you actually
• 12:26
  Speaker 7: earn the money, understand it's like a lifetime robot level
• 12:33
  Speaker 7: employee that will always, always, always work for you. So
• 12:37
  Speaker 7: give it the time to manifest into the wealth that
• 12:41
  Speaker 7: you wanted to create.
• 12:43
  Speaker 4: There you have it, Yes, clap it up for that hill, Harper.
• 12:52
  Speaker 4: Let me ask you this question. The first question is
• 12:55
  Speaker 4: going to be very simple. Why bitcoin why Bitcoin? I
• 12:59
  Speaker 4: know you're you're bitcoin bull. You're extremely bullish on bitcoin.
• 13:03
  Speaker 4: You built the platform. We're going to talk about the
• 13:05
  Speaker 4: Black Wall Street. But why bitcoin?
• 13:09
  Speaker 8: You know, bitcoin is ostensibly a store of value and
• 13:17
  Speaker 8: a perfect form of money, and money is changing. It's
• 13:23
  Speaker 8: changing very rapidly. We're moving very quickly out of fiat
• 13:27
  Speaker 8: and hard money currency into digital currency and cryptocurrency. The
• 13:30
  Speaker 8: question is where is it headed and how can we
• 13:33
  Speaker 8: be early adopters and get into the space. Ryan is
• 13:37
  Speaker 8: just talking about ownership. The beautiful thing about bitcoin is that,
• 13:42
  Speaker 8: as Ryan just described, it is agnostic to race, it's
• 13:47
  Speaker 8: agnostic to barriers of entry. It's literally just real estate
• 13:53
  Speaker 8: on a blockchain, real estate on a ledger, and if
• 13:57
  Speaker 8: you purchase a set number of satoshi's, you own a
• 14:02
  Speaker 8: little bit of that real estate and it's a finite amount.
• 14:05
  Speaker 8: What creates value with scarcity. That's why waterfront real estate
• 14:10
  Speaker 8: is extremely valuable. It's more valuable than the real estate
• 14:12
  Speaker 8: that's inland because there's more inland property than waterfront property.
• 14:17
  Speaker 8: Scarcity drives value, and bitcoin is the most scarce crypto
• 14:22
  Speaker 8: asset out there. Twenty one million be minted, there'll be
• 14:25
  Speaker 8: at least three to five million lost or disappear. So
• 14:28
  Speaker 8: you're really talking about in real way, somewhere around eighteen
• 14:32
  Speaker 8: million bitcoin in any type of circulated supply. There are
• 14:38
  Speaker 8: forty eight million millionaires in the world. There's not enough
• 14:41
  Speaker 8: bitcoin to go for each millionaire to even hold one.
• 14:45
  Speaker 8: You know, we will be talking about setoci's in the future,
• 14:47
  Speaker 8: not even talking about bitcoin. But bitcoin isn't the only
• 14:51
  Speaker 8: asset class in this space, but it is the one
• 14:55
  Speaker 8: to enter into.
• 14:56
  Speaker 6: Now.
• 14:56
  Speaker 8: That's why my goal is to each black person in
• 14:58
  Speaker 8: America hold it LEAs a million Stochi's. Put show hands,
• 15:01
  Speaker 8: who has at least a million Satoshi's in their wallet
• 15:04
  Speaker 8: right now? At least a million?
• 15:06
  Speaker 2: A million?
• 15:08
  Speaker 6: Raise, raise your hand if.
• 15:10
  Speaker 8: You got a million Stochi's in your wallet.
• 15:13
  Speaker 4: If you if you don't know what a stosi is, Okay, y'all,
• 15:18
  Speaker 4: don't watch Market.
• 15:18
  Speaker 6: Monday's shame on you. So let's let's let's.
• 15:22
  Speaker 8: You don't watch market mondays, I see, I.
• 15:24
  Speaker 4: Think shame on you should be a shame of yourself.
• 15:26
  Speaker 4: All right, let's have this conversation. Then what is what
• 15:29
  Speaker 4: is it? Can you explain to them what is sure?
• 15:32
  Speaker 8: So so, so check this out y'all. Back in the day,
• 15:37
  Speaker 8: gold was valued in terms of bricks, like how many
• 15:42
  Speaker 8: bricks you got are in terms of weight? Right, And
• 15:44
  Speaker 8: then as bricks got so expensive, they had to have
• 15:47
  Speaker 8: a smaller fractal value of the gold, so they broke
• 15:51
  Speaker 8: it down into pricing gold into ounces. The same thing
• 15:54
  Speaker 8: is true for a setoshi. There are one hundred million
• 15:57
  Speaker 8: satosis in every one bitcoin, just like there are one
• 16:02
  Speaker 8: hundred pennies and a dollar. There are one hundred million
• 16:04
  Speaker 8: satoshi's that make up one bitcoin. So what does that mean.
• 16:08
  Speaker 8: What it means is a satoshi is one hundred million
• 16:11
  Speaker 8: fractal share of one bitcoin. So as you build your satochi's,
• 16:16
  Speaker 8: you don't need to just go out and buy a bitcoin.
• 16:19
  Speaker 8: I can go into the black wall street wallert right now,
• 16:22
  Speaker 8: check the current price of bitcoin.
• 16:26
  Speaker 2: It is right.
• 16:27
  Speaker 8: Now, real time, forty eight thousand, seven hundred and thirty
• 16:35
  Speaker 8: and seventy five cent right. And and so if I
• 16:39
  Speaker 8: want to buy right now live, I'm gonna buy ten dollars.
• 16:44
  Speaker 8: I'm gonna preview my buy, I go in, I confirm,
• 16:48
  Speaker 8: and then now I just bought point two eight two bitcoin, right,
• 16:54
  Speaker 8: I just did that, right, And so a Satoshi is
• 16:57
  Speaker 8: a fractal share of a bitcoin. So I just bought Sato.
• 17:01
  Speaker 8: I bought a fractal share of a bitcoin right here
• 17:04
  Speaker 8: on stage. And so my goal is to have every
• 17:07
  Speaker 8: black person in America hold at least one million Toto.
• 17:10
  Speaker 8: She's with basically forty million of us in this country.
• 17:14
  Speaker 8: If we held a million Satohi's each, we would literally
• 17:17
  Speaker 8: control the bitcoin market worldwide. People would have to come
• 17:21
  Speaker 8: through us, and it'd be the first time in history
• 17:23
  Speaker 8: that black Americans have controlled an asset class. And when
• 17:32
  Speaker 8: you start controlling asset classes, you're able to do what
• 17:35
  Speaker 8: set price. And if we're able to set price of
• 17:39
  Speaker 8: a valuable, ascending value asset class, we have the other
• 17:43
  Speaker 8: thing that's very important, leverage. Leverage is the critical piece.
• 17:48
  Speaker 8: And so what I love what Ryan's talking about. He's
• 17:50
  Speaker 8: talking about ownership. I'm talking about ownership. And if you
• 17:55
  Speaker 8: think about ownership, we need to strategically own a sending
• 18:00
  Speaker 8: value asset classes like high value blue chip stocks and
• 18:03
  Speaker 8: hold them for long term, like a sending goal acid
• 18:06
  Speaker 8: class like bitcoin, hold it long term. This is not
• 18:09
  Speaker 8: a trading mentality. This is not Robin Hood. Robinhood is
• 18:13
  Speaker 8: Robin the hood y'all. It's trying to get people to trade,
• 18:17
  Speaker 8: because how do they make their money. They make their
• 18:19
  Speaker 8: money off exchange. The more you trade, the more money
• 18:21
  Speaker 8: they make. They want you jumping in and out of positions.
• 18:24
  Speaker 8: That is not the way to build wealth. I never
• 18:28
  Speaker 8: want you to sell the bitcoin you buy. What are
• 18:31
  Speaker 8: you gonna do with it? You say, here, well, I
• 18:33
  Speaker 8: still need liquidity, Sure, you still need liquidity. What you're
• 18:35
  Speaker 8: gonna do. You're gonna buy it, You're gonna hold it,
• 18:37
  Speaker 8: and then on the platform you're going to take out
• 18:40
  Speaker 8: a loan against the equity or the upside of that asset.
• 18:44
  Speaker 8: You're never gonna sell it, and the you're gonna pass
• 18:46
  Speaker 8: that bitcoin onto your children, and they'll pass it on
• 18:49
  Speaker 8: to their children's children. You can just think of bitcoin
• 18:52
  Speaker 8: like wealthy people used to think of houses, Right, You
• 18:55
  Speaker 8: get these real high value mansions. They're not flipping in
• 18:57
  Speaker 8: and out of the house to extract the liquidity. They're
• 19:01
  Speaker 8: holding the house and then just taking the equity out
• 19:04
  Speaker 8: and reinvesting that equity into other assets and or liquidity
• 19:08
  Speaker 8: challenges that they may have. Think about the same way.
• 19:11
  Speaker 8: You're gonna be able to do that with bitcoin. On
• 19:13
  Speaker 8: the black Wall Street Platform.
• 19:15
  Speaker 4: Speaking of that, Yes, clap it up for that, ladies
• 19:18
  Speaker 4: and gentlemen, speaking of that. Speaking of bitcoin, So, Ryan,
• 19:23
  Speaker 4: going back to you, you had sixteen thousand percent rate
• 19:26
  Speaker 4: of return on Apple, but I believe you have a
• 19:29
  Speaker 4: thirty two thousand percent rate of return.
• 19:31
  Speaker 6: On bitcoin, right, is that correct?
• 19:34
  Speaker 2: That's right?
• 19:35
  Speaker 6: All right?
• 19:36
  Speaker 4: So you was obviously earlier invested in bitcoin as well.
• 19:40
  Speaker 4: So when did you first invest in bitcoin?
• 19:43
  Speaker 7: Yeah, anytime I have an interview or anytime I actually
• 19:47
  Speaker 7: run into any one, they always say, Ryan, man, I
• 19:51
  Speaker 7: heard about your laptop. Well, that laptop was a whole
• 19:56
  Speaker 7: story in and of itself, and I was working on
• 20:00
  Speaker 7: some music and I lost the files. So when you
• 20:06
  Speaker 7: work on music, it's not enough to just have the
• 20:08
  Speaker 7: finished record. You need the files. So my laptop went missing.
• 20:14
  Speaker 7: I put up a million dollars as a reward for
• 20:18
  Speaker 7: the return of the intellectual property, because who wants to
• 20:22
  Speaker 7: pay a million dollars for a laptop? You could just
• 20:24
  Speaker 7: go to Apple get one for two thousand dollars. Well,
• 20:27
  Speaker 7: the laptop turned up, long story short, and the gentleman
• 20:35
  Speaker 7: who found the laptop actually sued me to actually retrieve
• 20:40
  Speaker 7: that reward one million dollars, and he actually won in
• 20:45
  Speaker 7: New York court. And the next day I was on
• 20:50
  Speaker 7: the cover of the New York Post. I sent it
• 20:53
  Speaker 7: to my mom. She said, at least you look nice.
• 20:55
  Speaker 7: I remember that.
• 20:56
  Speaker 2: Yeah.
• 20:57
  Speaker 7: I had a nice suit on, right, But the headline
• 21:01
  Speaker 7: was rap weasel.
• 21:03
  Speaker 2: First of all, rap weasel? Does that look like me?
• 21:07
  Speaker 7: Rap weasel must pay one million? And then the next
• 21:11
  Speaker 7: day I went to just go ahead and get a
• 21:15
  Speaker 7: breakfast sandwich, and uh, it's the same place I go
• 21:18
  Speaker 7: every day, and today this guy who is behind the
• 21:22
  Speaker 7: county you want to take a picture with me. I said, well,
• 21:24
  Speaker 7: I come here every day. Why do you want to
• 21:25
  Speaker 7: take a picture with me? He said, well, because you
• 21:27
  Speaker 7: want to cover the New York Post. You the rap weasel? Okay,
• 21:30
  Speaker 7: all right, you want to take a picture.
• 21:32
  Speaker 2: Okay.
• 21:34
  Speaker 7: But the reason why that story is so important is
• 21:38
  Speaker 7: because when you lose a judgment, well, then the federal
• 21:41
  Speaker 7: government or the state government can just come in and
• 21:44
  Speaker 7: freeze your assets. And so upon losing that one million
• 21:48
  Speaker 7: dollar lawsuit, they froze two point three million dollars in
• 21:54
  Speaker 7: my account. And I was in November twenty twelve, and
• 21:58
  Speaker 7: that was a moment at which I started to think, Man,
• 22:00
  Speaker 7: you know, do I really want a centralized currency to
• 22:06
  Speaker 7: actually be controlled? And I'm talking about they just took
• 22:12
  Speaker 7: double I only lost a million, while you take two
• 22:14
  Speaker 7: point three, right, So I said, look, we got to
• 22:17
  Speaker 7: find a different way. And luckily at that time, you know,
• 22:19
  Speaker 7: I'm in a stute student.
• 22:21
  Speaker 2: Of the game.
• 22:22
  Speaker 7: And if you look back, all of this is verified.
• 22:26
  Speaker 2: Look back.
• 22:26
  Speaker 7: In June twenty thirteen, I put out a tweet I said,
• 22:30
  Speaker 7: from now on, pay me in bitcoin, twenty thirteen.
• 22:35
  Speaker 2: And what happened was I.
• 22:36
  Speaker 7: Had a Shopify store twenty thirteen. So I'm early in Shopify,
• 22:41
  Speaker 7: and bitcoin became the means by which I wanted to
• 22:46
  Speaker 7: be paid. And I still do that to this day.
• 22:48
  Speaker 7: But to give you a case in point, I sold
• 22:51
  Speaker 7: an album five dollars the day, It's worth like seven hundred.
• 22:58
  Speaker 7: I sold a hoodie forty seven dollars today is worth
• 23:03
  Speaker 7: like six thousand. I sold a couple of meet and
• 23:06
  Speaker 7: greets total price two thousand today is worth like one
• 23:12
  Speaker 7: hundred and twenty two thousand. And that's just the differentiation
• 23:16
  Speaker 7: of being able to get in early. And I know
• 23:18
  Speaker 7: some of y'all might be thinking, like, man, I can't
• 23:20
  Speaker 7: turn the time back to twenty thirteen. But I'll tell
• 23:22
  Speaker 7: you right now, even if you buy some subtocis today,
• 23:26
  Speaker 7: you're still early. But you don't want to be amongst
• 23:30
  Speaker 7: the folks that say, you know what today it was
• 23:33
  Speaker 7: either just a footnote in the history of my life.
• 23:40
  Speaker 2: Or it was a game changer, a life changer.
• 23:44
  Speaker 7: And when we talk about assets and when we talk
• 23:47
  Speaker 7: about ownership and we talk about being able to buy
• 23:50
  Speaker 7: fractionally and being an asset class where there is scarcity,
• 23:57
  Speaker 7: that's what that opportunity in cryptocurrency provides.
• 24:00
  Speaker 2: And so, yeah, thirty two thousand percent return.
• 24:03
  Speaker 7: Yeah, when I got into bitcoin, it was trading at
• 24:05
  Speaker 7: about one hundred and twenty two dollars per coin. We
• 24:08
  Speaker 7: just looked at the prices forty eight thousand. Y'all could
• 24:11
  Speaker 7: do the math.
• 24:12
  Speaker 2: How much?
• 24:12
  Speaker 6: How much money did you put it in?
• 24:14
  Speaker 2: What should we ain't gotta take that?
• 24:16
  Speaker 8: Hey?
• 24:17
  Speaker 2: You really?
• 24:18
  Speaker 8: And let me say something. This is so this is
• 24:20
  Speaker 8: so important what he's saying. And I gotta I gotta
• 24:23
  Speaker 8: reinforce this, y'all. This isn't just about individuals making money, okay,
• 24:33
  Speaker 8: this is this is about life or death, and this
• 24:36
  Speaker 8: is real talk. In eighteen sixty three, when the Emancipation
• 24:39
  Speaker 8: Proclamation was signed, black people in America held a little
• 24:42
  Speaker 8: less than one percent of American wealth. That's after four
• 24:44
  Speaker 8: hundred years of free chattel slavery, and the greatest well
• 24:48
  Speaker 8: transfer in the history of this world happened. If you
• 24:50
  Speaker 8: were despicable enough to want to hold property to literally
• 24:54
  Speaker 8: extract value from people who had melanated skin. They killed us,
• 24:59
  Speaker 8: they us, they raped us, they separated families to build wealth.
• 25:08
  Speaker 8: Now fast forward one hundred and fifty eight years later
• 25:11
  Speaker 8: to right now, August twenty twenty one, people say, oh,
• 25:15
  Speaker 8: hell man, let's just talk about making money. Don't get
• 25:18
  Speaker 8: too heavy. No no, no, no no. We have to
• 25:21
  Speaker 8: speak true to this. This country is built off the
• 25:24
  Speaker 8: back of our labor and is built off of building
• 25:28
  Speaker 8: wealth off of us, and we right now still hold
• 25:33
  Speaker 8: only one percent of American wealth. We have to collectively
• 25:39
  Speaker 8: work together, jump into asset classes and start building leverage
• 25:44
  Speaker 8: that is decentralized. Exactly what he was talking about, the
• 25:47
  Speaker 8: idea of operating our own microeconomies outside of centralized institutions
• 25:53
  Speaker 8: and the banking system which has literally stolen trillions of
• 25:58
  Speaker 8: dollars out of the black community through all sorts of onerous,
• 26:06
  Speaker 8: racist and institutionally systemic and racist policies, procedures, redlining. We
• 26:12
  Speaker 8: can go through all that history. We don't need to,
• 26:14
  Speaker 8: but we know where we're at now. What he's talking about,
• 26:18
  Speaker 8: what we're talking about right now is literally about life
• 26:21
  Speaker 8: or death. Is not just about Hey man, can I
• 26:23
  Speaker 8: come up sixteen thousand percent? Can I come up thirty
• 26:26
  Speaker 8: two thousand percent?
• 26:27
  Speaker 2: No?
• 26:27
  Speaker 8: No, no, How can we work together to actually start to
• 26:31
  Speaker 8: control real wealth? Because why is real wealth important? I
• 26:35
  Speaker 8: believe you cannot have social justice without economic justice. So
• 26:38
  Speaker 8: all this stuff we've been talking about, we talk about
• 26:41
  Speaker 8: mass incarceration, police brutality, health care disparities, education gaps. If
• 26:46
  Speaker 8: you trace it back to the money, what are the
• 26:48
  Speaker 8: communities that are hit the hardest economically fragile and poor communities.
• 26:53
  Speaker 8: We change the wealth factor in our community, we change
• 26:56
  Speaker 8: all that other stuff. We get it wrong. We start
• 27:00
  Speaker 8: trying to work on all these things from the top.
• 27:02
  Speaker 8: We got to start the route, which is the money
• 27:04
  Speaker 8: in the economics. Let's go, y'all, let's go.
• 27:13
  Speaker 6: Yes, yes, Hill.
• 27:15
  Speaker 4: Let me let me ask you a question, because I
• 27:18
  Speaker 4: want to kind of get people a framework. A lot
• 27:20
  Speaker 4: of times they look at investing and they're like, Okay,
• 27:23
  Speaker 4: I'm investing something and I can't.
• 27:25
  Speaker 6: Take it out. Cryptocurrency.
• 27:27
  Speaker 4: The word currency is a little misleading because it's like,
• 27:29
  Speaker 4: who's gonna want to pay for pizza with bitcoin when
• 27:33
  Speaker 4: it's gonna.
• 27:33
  Speaker 6: Go up in value?
• 27:34
  Speaker 4: Right, So it's like, I'm investing in cryptocurrency, but I
• 27:37
  Speaker 4: can't spend it. It's like, but you bring up a
• 27:41
  Speaker 4: good point about lending, right, Lending against your bitcoin something
• 27:45
  Speaker 4: that I learned about in twenty seventeen when I first
• 27:48
  Speaker 4: got into space and a friend of mine that was
• 27:50
  Speaker 4: educating me on it. He was like, you know, the
• 27:53
  Speaker 4: whole point is not to really liquidate your bitcoin, but
• 27:57
  Speaker 4: you might need sometimes where you need capital, and you
• 27:59
  Speaker 4: can actually lends your bitcoin out and you get an
• 28:03
  Speaker 4: interest rate on that, but you still keep ownership of it.
• 28:06
  Speaker 4: That's something that is very interesting to me, and I
• 28:08
  Speaker 4: think that that's going to be even more prevalent as
• 28:11
  Speaker 4: time goes on. So I think it's important for people
• 28:14
  Speaker 4: to have at least the baseline education on that. Can
• 28:16
  Speaker 4: you talk about that as far as lending bitcoin?
• 28:18
  Speaker 8: Sure, so when we talk about holding an asset, hopefully
• 28:26
  Speaker 8: you're using money that you don't need.
• 28:31
  Speaker 2: Right away.
• 28:31
  Speaker 8: Right and when we talk about crypto specifically, remember I'm
• 28:37
  Speaker 8: not saying get out of Apple to put all your
• 28:40
  Speaker 8: money into bitcoin. This is about having an overall strategic approach.
• 28:44
  Speaker 8: All the things you're already doing you should continue to do,
• 28:48
  Speaker 8: but then figure out how do I actually start to
• 28:51
  Speaker 8: build a position in a different asset class in this
• 28:54
  Speaker 8: crypto space. Now watch this. There're two hundred different cryptos
• 28:59
  Speaker 8: and new ones are coming along every day. Ninety nine
• 29:02
  Speaker 8: percent of them are like penny stocks or pink sheet stocks. There,
• 29:06
  Speaker 8: they're scams, right, The vast majority are scams. And that's
• 29:11
  Speaker 8: why you have to be very careful when you're talking
• 29:14
  Speaker 8: about a lot of these meme coins and pump and
• 29:17
  Speaker 8: dump coins and things like that, because there's really no
• 29:20
  Speaker 8: downside protection. Because part of your investment strategy has to
• 29:23
  Speaker 8: be risk management, meaning you have to look at what's
• 29:26
  Speaker 8: protecting your downside. Is there a liquidity pool to buy
• 29:29
  Speaker 8: the asset as it goes down? And so the beautiful
• 29:31
  Speaker 8: thing about bitcoin is that it provides you the opportunity.
• 29:34
  Speaker 8: There are enough holders. So there's about two trillion dollars
• 29:37
  Speaker 8: in crypto. One trillion of that or half of it
• 29:41
  Speaker 8: is in bitcoin, so there's a lot more liquidity in
• 29:45
  Speaker 8: that space, and it's also an opportunity to lend it out.
• 29:48
  Speaker 8: So on our platform, the Black Wall Street, we have
• 29:51
  Speaker 8: not allowed this feature yet because it's part of a timeline.
• 29:56
  Speaker 8: You know, you know you when you actually and Ryan
• 29:58
  Speaker 8: can talk about this when you actually develop a tech company,
• 30:01
  Speaker 8: you don't release everything at once. If you look at
• 30:04
  Speaker 8: Coinbase when a first launch, you look at Coinbase now,
• 30:07
  Speaker 8: it looks completely different. And so we're going to be
• 30:11
  Speaker 8: releasing features as we go and make it better and
• 30:13
  Speaker 8: better and better. But you can go to you know,
• 30:16
  Speaker 8: Block five, there's a number of others you can do
• 30:18
  Speaker 8: your research and loan out you or bitcoin or you're holding.
• 30:22
  Speaker 8: If you're in a situation where you need liquidity, you
• 30:24
  Speaker 8: don't need to sell it to get that liquidity. The
• 30:27
  Speaker 8: other piece that I think is a very critical piece
• 30:29
  Speaker 8: that we want to add on our platform is the
• 30:31
  Speaker 8: peer to peer piece, because if we can start recirculating
• 30:35
  Speaker 8: the black digital dollar peer to peer, we don't have
• 30:39
  Speaker 8: to be writing interest minimums to check cashing spots. Payday lenders.
• 30:44
  Speaker 8: The payday lending industry is a three hundred billion dollar
• 30:47
  Speaker 8: industry that's extracting that money out of our community. Specifically,
• 30:52
  Speaker 8: we actually can change that on a digital platform where
• 30:55
  Speaker 8: we create the liquidity that's needed within our own ecosystem.
• 31:00
  Speaker 8: So Vanessa gets that ten or fifteen percent return, not
• 31:06
  Speaker 8: you know, Steve. I'll just say, Steve, you understand. So
• 31:11
  Speaker 8: the money stays in the community. Why is this important?
• 31:14
  Speaker 8: It's important because a dollar leads the Black community within
• 31:18
  Speaker 8: six to seven hours, where a dollar stays in the
• 31:21
  Speaker 8: Asian community eighteen to twenty days, in the white community
• 31:24
  Speaker 8: in America twenty to thirty days. You hear what I'm saying,
• 31:27
  Speaker 8: six to seven hours. That leads our community multiple days
• 31:31
  Speaker 8: with other communities. The way we build wealth is the
• 31:35
  Speaker 8: recirculation of our dollar. You know, these brothers, look at
• 31:40
  Speaker 8: the AV team putting on this event. You hire a
• 31:44
  Speaker 8: black AV team. What does that create? All those brothers
• 31:46
  Speaker 8: and sisters right there have jobs right here, my man,
• 31:49
  Speaker 8: right here right We recirculate the dollars, We create jobs,
• 31:54
  Speaker 8: an opportunity. And that's why holding an asset, taking the
• 31:58
  Speaker 8: liquidity out, using that to either reinvest in your own
• 32:01
  Speaker 8: business or to hire folks to actually put do things
• 32:04
  Speaker 8: in commerce is critical. And you can do that with
• 32:06
  Speaker 8: bitcoin very important.
• 32:08
  Speaker 4: I'm glad you said that. Shout out to the whole
• 32:10
  Speaker 4: production team. This is a high level production and we're
• 32:16
  Speaker 4: in Atlanta. We're in Atlanta, Georgia, so it's no surprise
• 32:20
  Speaker 4: that everybody you see and the production team is black.
• 32:24
  Speaker 4: It's a black owned production ATV and this is a
• 32:26
  Speaker 4: high level and we only use the best people, and
• 32:34
  Speaker 4: these are the best people. So a lot of times
• 32:36
  Speaker 4: we think we have to compromise if we go black,
• 32:38
  Speaker 4: but we don't have to compromise. We can still get
• 32:41
  Speaker 4: the best service by supporting ourselves as well. Ryan, I
• 32:51
  Speaker 4: want to talk about technology. I want to talk about technology.
• 32:54
  Speaker 4: We spoke about that when you was on the podcast,
• 32:56
  Speaker 4: and I know your early seed investor in a lot
• 32:58
  Speaker 4: of different fintech companies, one being tightened. So I'm ask
• 33:03
  Speaker 4: you a more broad range question because there might be
• 33:04
  Speaker 4: some artists in here. So you start off as a musician, songwriter,
• 33:09
  Speaker 4: extremely talented, but like you said, I mean you made earners.
• 33:15
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• 33:18
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• 36:04
  Speaker 4: Sixteen million dollars just off of an Apple stock right
• 36:06
  Speaker 4: off of one hundred thousand. You really think about it,
• 36:08
  Speaker 4: like even though they might say, I don't have one hundred,
• 36:10
  Speaker 4: but you might have ten thousand, you might have five thousand.
• 36:12
  Speaker 4: But then you do the bitcoin, then you do your phone.
• 36:16
  Speaker 4: You're always doing something else, right, So what got you
• 36:19
  Speaker 4: in the mindset of developing? Okay, I need multiple streams
• 36:22
  Speaker 4: of income. I need multi I mean to diversify my portfolio.
• 36:27
  Speaker 4: And how did you get into investing in tech company?
• 36:29
  Speaker 4: How did you get into tech?
• 36:30
  Speaker 6: Period?
• 36:33
  Speaker 7: Man, I would say any success that I've ever been
• 36:41
  Speaker 7: able to realize in my life can be directly correlated
• 36:46
  Speaker 7: to just having the right conversation. Conversation is a currency
• 36:52
  Speaker 7: in and of itself, and success happens at the speed
• 36:59
  Speaker 7: of communication. So we want to be successful in whatever
• 37:05
  Speaker 7: we set our minds to. It's a matter of conveying
• 37:09
  Speaker 7: the right message to the right person with the right
• 37:13
  Speaker 7: resources at the right time.
• 37:18
  Speaker 6: That's very important.
• 37:24
  Speaker 7: That's my crew over there, Okay, thank y'all. I appreciate
• 37:27
  Speaker 7: it all right. So when I decided I wanted to
• 37:33
  Speaker 7: start a tech company, it wasn't really a decision. It
• 37:35
  Speaker 7: was more of just following the curiosity. Because out of
• 37:42
  Speaker 7: necessity is born innovation. Why did I invest in bitcoin? Well,
• 37:48
  Speaker 7: it was a necessity. My account was frozen two point
• 37:50
  Speaker 7: three million, so I had to innovate figure out a
• 37:53
  Speaker 7: different way that I could have a currency and have
• 37:57
  Speaker 7: a store of value that was decentralized. When I decided
• 38:02
  Speaker 7: I want to get my phone number out to five
• 38:04
  Speaker 7: hundred and fifty thousand Twitter followers, I needed to actually
• 38:07
  Speaker 7: use technology to scale my ability to respond to everyone.
• 38:13
  Speaker 7: I'm gonna be real about this and he'll and I
• 38:17
  Speaker 7: see what y'all are doing as well in terms of
• 38:19
  Speaker 7: keeping the ownership and equity and the dollar within our community.
• 38:27
  Speaker 2: We saw this with Rock and Roll.
• 38:30
  Speaker 7: A lot more people in America know Elvis Presley than
• 38:33
  Speaker 7: Chuck Berry. And when we look at our ability to
• 38:39
  Speaker 7: innovate in this space, I know a lot of artists
• 38:43
  Speaker 7: that looked like me that I actually picked up the
• 38:46
  Speaker 7: phone and told them, hey, I got a technology companies
• 38:49
  Speaker 7: called Superphone, and you can have a text relationship with
• 38:54
  Speaker 7: all your community.
• 38:56
  Speaker 2: And when I first.
• 38:56
  Speaker 7: Started, they say, oh man, that's crazy, man, bro like
• 38:59
  Speaker 7: you not a star if you can text everybody. I
• 39:05
  Speaker 7: started Superphone in twenty thirteen. Five years later, I'm looking around,
• 39:11
  Speaker 7: I'm seeing all those same people with phone numbers, but
• 39:14
  Speaker 7: they're using a white company called Community, saying, well, why
• 39:18
  Speaker 7: is that.
• 39:19
  Speaker 2: Well, it's because.
• 39:21
  Speaker 7: The investors in Community.
• 39:25
  Speaker 2: They looked like the founders in Community.
• 39:29
  Speaker 7: So Community took a concept that I started and they
• 39:34
  Speaker 7: built an alternative competitor and went to our people and said,
• 39:40
  Speaker 7: you know what, we we just raised one hundred million
• 39:42
  Speaker 7: from Salesforce, so we'll give y'all a platform for free.
• 39:48
  Speaker 7: And that's a favorite word in our community. Free, you
• 39:53
  Speaker 7: know what I'm saying. But the end of the day,
• 39:58
  Speaker 7: when you look at the contribute that you make, whether
• 40:02
  Speaker 7: it's through my technology or whether it's through another technology,
• 40:07
  Speaker 7: the conversation really is about ownership. And so whether you
• 40:10
  Speaker 7: use my Superphone platform, or you use Black Wall Street,
• 40:15
  Speaker 7: or you use Coinbase, or you use any competitor, We're
• 40:18
  Speaker 7: not here to tell you only invest in or use
• 40:21
  Speaker 7: our platform. We're just telling you that the future is now,
• 40:27
  Speaker 7: and if you want to be able to predict the future.
• 40:30
  Speaker 7: You just write the history yourself. An the ability that
• 40:35
  Speaker 7: we have now in technology allows us to actually have
• 40:41
  Speaker 7: information and access that previously previously was limited to those
• 40:49
  Speaker 7: who had much higher thresholds in terms of investment minimums.
• 40:55
  Speaker 7: So if you wanted to hadge fund strategy, you had
• 40:57
  Speaker 7: to have a quarter million or two million, a two
• 41:00
  Speaker 7: point five million. And the reason why I invested in
• 41:03
  Speaker 7: Titan is because they took that concentrated hadge fund strategy
• 41:09
  Speaker 7: and you can start with five hundred dollars. And what's
• 41:12
  Speaker 7: the difference between a concentrated hedge fund strategy and a
• 41:16
  Speaker 7: long term diversified index fund strategy.
• 41:20
  Speaker 2: Well, it's pretty simple.
• 41:22
  Speaker 7: The concentration is what provides the outsize returns. The concentration
• 41:29
  Speaker 7: is what provides the alpha. The wealthiest people in the
• 41:35
  Speaker 7: world if you look at the headlines most recently, there's
• 41:40
  Speaker 7: been months that's been written about the Jeff Bezos, the
• 41:44
  Speaker 7: Elon Musk, the Mark Zuckerberg's of the world, and what
• 41:48
  Speaker 7: you'll realize when you look at their stories, their wealth
• 41:52
  Speaker 7: is really tied up in a concentrated vehicle because the
• 41:56
  Speaker 7: stock of their own company is what drives the growth
• 42:00
  Speaker 7: of their wealth year over year. So I would say
• 42:04
  Speaker 7: two takeaways from that number. One, if you have the tolerance,
• 42:11
  Speaker 7: it's okay to be concentrated in your investments.
• 42:16
  Speaker 2: Diversify across many.
• 42:18
  Speaker 7: Different asset classes, real estate, cryptocurrency stocks. If you want
• 42:25
  Speaker 7: to get a little bit of a acceleration, yeah, maybe
• 42:28
  Speaker 7: you do some derivatives, some longer term options or shorter
• 42:32
  Speaker 7: term options. Look at alternative investing. Get into companies early
• 42:40
  Speaker 7: before their public invest in the companies that you see
• 42:44
  Speaker 7: your friends and family building people be so quick to
• 42:49
  Speaker 7: go spend their dollars at Louis Vuital and won't spend
• 42:52
  Speaker 7: their dollars with the new makeup or hair care or
• 42:56
  Speaker 7: beauty business that they're brothers or sisters or aunts or
• 42:59
  Speaker 7: uncles are create. We have that opportunity to be early shareholders,
• 43:12
  Speaker 7: early investors.
• 43:14
  Speaker 2: And yet when we look.
• 43:15
  Speaker 7: At the number of black owned or black founded companies
• 43:19
  Speaker 7: in the stock market, we don't really have a lot
• 43:21
  Speaker 7: of options. And so that means we got to invest
• 43:25
  Speaker 7: before we're public. But that early equity, that early ownership,
• 43:32
  Speaker 7: is going to be how we actually changed the narrative
• 43:34
  Speaker 7: and change the trajectory of the wealth that we want
• 43:39
  Speaker 7: to build. So for me, following technology is really because,
• 43:44
  Speaker 7: as Hill said, we built the railroads, but we didn't
• 43:49
  Speaker 7: own them. We built the hospitality business and worked in it,
• 43:53
  Speaker 7: but we didn't own it. And now it's the only
• 43:57
  Speaker 7: time in history where without brick, mortar, lumber, or steal,
• 44:04
  Speaker 7: we can build value through technology and it can be
• 44:10
  Speaker 7: scalable and we can serve and deliver value the hundreds
• 44:16
  Speaker 7: of thousands, millions and maybe even billions of people. But
• 44:20
  Speaker 7: we got to actually invest in one another, use the
• 44:26
  Speaker 7: products that we create for us by us, and embrace
• 44:32
  Speaker 7: technology as a pathway and a means so that when
• 44:37
  Speaker 7: the next transfer of wealth is being written about in history,
• 44:43
  Speaker 7: we're not on the sidelines just watching. We're participants and owners.
• 44:51
  Speaker 4: Everything he's saying just sounds so familiar because we talk
• 44:57
  Speaker 4: about when you say a concentration to tech to index,
• 45:00
  Speaker 4: anybody that sound familiar to tech two index. And when
• 45:05
  Speaker 4: we interview Mark Cuban, I asked him what his portfolio
• 45:08
  Speaker 4: was and he said it was I know Netflix for sure,
• 45:12
  Speaker 4: Russell two thousand, and I believe it was Microsoft. He
• 45:15
  Speaker 4: had another technology coming, that's it. He just had three
• 45:18
  Speaker 4: positions in his portfolio. And like you said, that's something
• 45:21
  Speaker 4: that's a major key. A lot of times we get distracted.
• 45:24
  Speaker 4: We're trying to have thirty seven stocks in our portfolio,
• 45:27
  Speaker 4: and it dilutes your holdings and you're not really gonna
• 45:30
  Speaker 4: be able to, you know, figure out what's going on.
• 45:33
  Speaker 4: You're gonna be doing research on all of these different areas.
• 45:36
  Speaker 4: And it's like you think that by having that many
• 45:40
  Speaker 4: you're actually helping it, but you're actually hurting your portfolio
• 45:42
  Speaker 4: most of the time. And like you said, the hedge funds,
• 45:44
  Speaker 4: most hedge funds is more of a concentrated thing. So
• 45:47
  Speaker 4: that's why when we suggest two tech, it's not to
• 45:51
  Speaker 4: just you know, keep it basic, but it's actually a
• 45:54
  Speaker 4: more sophisticated way of investing than having thirty seven companies
• 45:58
  Speaker 4: that you just know for sure.
• 46:01
  Speaker 7: Warren Buffett said, diversification is actually insurance against ignorance. So listen,
• 46:08
  Speaker 7: I'm not saying that just because you were at invest
• 46:10
  Speaker 7: Best now you're an expert investor. If you don't know
• 46:13
  Speaker 7: what to buy, you still alright, just go ahead and
• 46:15
  Speaker 7: buy the whole stock market. You could buy a whole
• 46:17
  Speaker 7: stock market for two hundred and twenty five dollars a share.
• 46:21
  Speaker 7: The history shows that even if you don't know what
• 46:24
  Speaker 7: you're doing at all, and you buy a whole stock
• 46:27
  Speaker 7: market and you hold for twenty years, your money's gonna
• 46:30
  Speaker 7: double every seven years anyway.
• 46:32
  Speaker 2: But you got to be able to hold.
• 46:33
  Speaker 7: You got to have the patience to allow those companies
• 46:37
  Speaker 7: to do what they're supposed to do for you. So
• 46:40
  Speaker 7: I totally agree with you on that that concentration is
• 46:44
  Speaker 7: really for those who actually know what they're doing. And
• 46:50
  Speaker 7: the reason why I think concentration actually is a byproduct
• 46:53
  Speaker 7: of founders is because founders know their business better than
• 46:57
  Speaker 7: anybody else.
• 46:58
  Speaker 2: So if I believe it's.
• 47:01
  Speaker 7: Or I believe if I'm Mark Zuckerberg, I believe in Facebook, well,
• 47:04
  Speaker 7: I don't want to be distracted by any other companies.
• 47:06
  Speaker 7: I want to be able to build the value within
• 47:09
  Speaker 7: the equity and the shares of my own company. And
• 47:12
  Speaker 7: if I see something I like, I'm gonna just go
• 47:13
  Speaker 7: out and buy it right bring up.
• 47:17
  Speaker 4: That's like I said, man, it's just reassurance that you
• 47:21
  Speaker 4: know everything that we talk about, you just saying it.
• 47:24
  Speaker 4: So we definitely got to get you on market. Mondays,
• 47:26
  Speaker 4: by the way, we'll talk about that. So hell, let
• 47:30
  Speaker 4: me ask you this people might not be familiar that crypto.
• 47:34
  Speaker 4: A lot of cryptos they have different utilities and different usages.
• 47:37
  Speaker 4: A lot of time they just think like all cryptos
• 47:39
  Speaker 4: are the same, you just use it, So can you
• 47:41
  Speaker 4: just talk about that?
• 47:42
  Speaker 6: Like there's some crypt Like.
• 47:43
  Speaker 4: I was an early investor in Tron, which I'm still
• 47:47
  Speaker 4: not really one hundred percent confident in. But the thing
• 47:50
  Speaker 4: that really drove me to Tron was when I heard
• 47:53
  Speaker 4: that they were a crypto that was designed for video games.
• 47:56
  Speaker 4: And my son is a gamer. Shout out to nas,
• 47:59
  Speaker 4: he's in the build the Yeah. So when I understood
• 48:05
  Speaker 4: the culture of video games, like it's a whole it's
• 48:07
  Speaker 4: a whole subculture of video games. So I'm like, all right,
• 48:09
  Speaker 4: think the cryptocurrency for that, then that's brilliant. And then
• 48:12
  Speaker 4: there's a bunch of cryptocurrency for different things. So can
• 48:14
  Speaker 4: you talk about.
• 48:15
  Speaker 8: That church so so so just like you need you know,
• 48:19
  Speaker 8: Ryan was just talking about, you got to do research
• 48:21
  Speaker 8: and understand the company, understand what you're investing in. The
• 48:25
  Speaker 8: same thing holds true for different crypto assets, right there
• 48:29
  Speaker 8: are different use cases and different value propositions that each
• 48:33
  Speaker 8: one has. For instance, if you believe in the NFT space.
• 48:38
  Speaker 8: Then you may be attracted to ethereum and you want
• 48:41
  Speaker 8: to sort of go that way. You may do some
• 48:44
  Speaker 8: research and find that cardonal and ada is something that
• 48:48
  Speaker 8: you're interested in, and so you literally have to pull
• 48:50
  Speaker 8: back the onion do your own research. There's so much free, free,
• 48:55
  Speaker 8: free information out there on the Black Wall Street app
• 48:58
  Speaker 8: and and just in general across the ecosystem that allows
• 49:02
  Speaker 8: you to understand the different use cases for different crypto assets.
• 49:07
  Speaker 8: The thing to be careful of is when you see
• 49:11
  Speaker 8: people trying to pump one now. And that's why I
• 49:15
  Speaker 8: believe Elon Musk and Mark Cuban have been so irresponsible
• 49:18
  Speaker 8: around those coin and we could we can get into
• 49:22
  Speaker 8: deeper of what that's about, and and and and why
• 49:26
  Speaker 8: that is. But they're if people don't understand. If someone
• 49:29
  Speaker 8: comes up to me and says hill crypto is a crypto,
• 49:32
  Speaker 8: those coins the same thing as Bitcoin, then you know
• 49:35
  Speaker 8: that they actually haven't done their homework and done their
• 49:38
  Speaker 8: research to understand there's a different there's a there's a
• 49:42
  Speaker 8: fundamental difference in the use case and so so rather
• 49:45
  Speaker 8: than there's so many of them and there's so many
• 49:48
  Speaker 8: that are actually providing real use and value. And if
• 49:52
  Speaker 8: you believe in the value or the use that they're providing,
• 49:55
  Speaker 8: and you think that there is a longevity to that,
• 49:59
  Speaker 8: then lean into that space and lean in. I don't
• 50:02
  Speaker 8: mind for just give you an example. Personally, I do
• 50:05
  Speaker 8: not mind bitcoin, but I mind ethereum.
• 50:09
  Speaker 2: Okay.
• 50:09
  Speaker 8: Now, see, so I have, I have a mining set up,
• 50:12
  Speaker 8: a mining you know, a situation, right, and I could
• 50:15
  Speaker 8: choose to mind any of the cryptos out there, but
• 50:19
  Speaker 8: I do not mind bitcoin, and people always talking about
• 50:21
  Speaker 8: bitcoin mining, bitcoin mining. I think that there's better value
• 50:25
  Speaker 8: for me using my mining rigs to mine ethereum. Now
• 50:30
  Speaker 8: that may change, right, Why is that? Well, it may
• 50:36
  Speaker 8: change because ethereum's changed.
• 50:37
  Speaker 4: Why why do you prefer to mine ethereum as opposed
• 50:40
  Speaker 4: to bitcoin?
• 50:41
  Speaker 8: Okay? So, so you have to look at basically what
• 50:46
  Speaker 8: you're receiving for that time and energy spent. It's very
• 50:50
  Speaker 8: energy intensive to mine, and what happens is you end
• 50:54
  Speaker 8: up spending a lot of money in energy fees and costs.
• 50:59
  Speaker 8: It also depends where you do it, if you live
• 51:01
  Speaker 8: in a certain place. I do not recommend mining, okay,
• 51:05
  Speaker 8: because certain in certain places energy fees are very high.
• 51:09
  Speaker 8: My whole mining setup is not where I live, because
• 51:13
  Speaker 8: it would be too expensive to mind where I live.
• 51:16
  Speaker 8: So I have my whole mind set up somewhere else
• 51:18
  Speaker 8: where the energy cost is significantly lower, and so I'm
• 51:23
  Speaker 8: able to mine a great deal for a much, much
• 51:26
  Speaker 8: much lower cost. And so you have to actually look
• 51:29
  Speaker 8: at that, and then you look at what you're getting
• 51:31
  Speaker 8: from mining right now, the way ethereum is set up
• 51:35
  Speaker 8: and the level of fees that are associated with ethereum.
• 51:39
  Speaker 8: There's a group, there's a there's a healthy return for
• 51:42
  Speaker 8: mining etherorum where the same level of return I believe
• 51:47
  Speaker 8: does not exist given the energy required for Bitcoin, and
• 51:51
  Speaker 8: and and and watch this. I can mind some other
• 51:54
  Speaker 8: cryptos where the return today is even much more than
• 51:59
  Speaker 8: a theorem. But the problem with that is I still
• 52:02
  Speaker 8: go back to my original thesis. I see the value
• 52:06
  Speaker 8: proposition in ethereum right now over a longer period of time,
• 52:12
  Speaker 8: and therefore me mining. You know, sheibu enu, you know
• 52:17
  Speaker 8: whatever I mean. Come on, don't get me started. Point is,
• 52:19
  Speaker 8: you know I'm saying you got you got to actually
• 52:22
  Speaker 8: do your own homework and understand that. But I want
• 52:25
  Speaker 8: to pivot real quick, go back to something that that
• 52:27
  Speaker 8: Ryan said that I thought, I don't want folks to
• 52:30
  Speaker 8: miss this. When he was just talking about ownership, and
• 52:35
  Speaker 8: he mentioned Zuckerberg, he mentioned Elon Musk, he mentioned Bezos
• 52:39
  Speaker 8: and their wealth was built off of these tech platforms
• 52:44
  Speaker 8: and tech companies. And we for far too long, and
• 52:47
  Speaker 8: he mentioned this talking about music, for far too long,
• 52:52
  Speaker 8: our culture has been monetized by tech and tech platforms
• 52:56
  Speaker 8: to build wealth for people other than us, because we
• 53:00
  Speaker 8: don't own the platforms. That's why it's so critical for
• 53:03
  Speaker 8: us to begin to own our own ip, own our
• 53:07
  Speaker 8: own platforms. When I went to launch the Black Wall
• 53:10
  Speaker 8: Street people are like, hell, you're gonna lunch with a wallet?
• 53:13
  Speaker 8: You should white label a wallet. Just do that, man,
• 53:15
  Speaker 8: you know it'll be much cheaper and much better. It'll
• 53:17
  Speaker 8: be much more functional. But then all of a sudden,
• 53:22
  Speaker 8: I'm like the Rush card, which is a big lie. Right,
• 53:27
  Speaker 8: I can go out into the black community and market
• 53:30
  Speaker 8: something and says, hey, you know, bank black use the
• 53:34
  Speaker 8: Rush card. But if my charter company is a white
• 53:37
  Speaker 8: bank and you actually peel back the onion, you realize
• 53:40
  Speaker 8: it's Green Dot Bank. And if you would have gone
• 53:42
  Speaker 8: straight to Green Dot, you'd be paying less fees. And
• 53:45
  Speaker 8: so all you're paying are marketing fees layered on top
• 53:47
  Speaker 8: of someone else's technology. That is not black ownership. That's
• 53:52
  Speaker 8: black marketing. It's fundamentally different. That's why we have to
• 53:59
  Speaker 8: own our own our own charters. We have to do
• 54:03
  Speaker 8: this and then we have to support each other in
• 54:05
  Speaker 8: doing it. And so one way to think about it,
• 54:09
  Speaker 8: and this is a mindset shift in terms of purchasing.
• 54:11
  Speaker 8: And you can talk about Louis Vuitton or whatever. The
• 54:13
  Speaker 8: way I try to think about that piece is, for instance,
• 54:16
  Speaker 8: these you know, Nike shoes or whatever. I never buy
• 54:19
  Speaker 8: a luxury item. I make the company buy it for me. Well,
• 54:24
  Speaker 8: I mean, I'll never buy Nikes unless I've made enough
• 54:27
  Speaker 8: dividend off a Nike stock to buy the shoe. So
• 54:33
  Speaker 8: you can think about the same way. Use that rule
• 54:36
  Speaker 8: for Louis Vuitton, and nothing wrong with happened louisviittan perse
• 54:39
  Speaker 8: if you own LVMA stock and you allow the stock
• 54:42
  Speaker 8: to buy the purse, right, So you can always think
• 54:48
  Speaker 8: about everything you do and being and all this goes
• 54:52
  Speaker 8: back to this one simple idea. Let's be intentional with
• 54:57
  Speaker 8: how we use every hard money dollar, fiat dollar and
• 55:02
  Speaker 8: digital dollar and crypto dollar, if we actually import intentionality
• 55:06
  Speaker 8: and strategy around our usage, whether it's a spend or
• 55:11
  Speaker 8: an investment, or who we support and how we support platforms,
• 55:15
  Speaker 8: then all of a sudden, it supercharges that wealth creation
• 55:18
  Speaker 8: for you as well as as the founders and the
• 55:21
  Speaker 8: tech platforms and folks all around, and that recirculation starts
• 55:26
  Speaker 8: to work. Makes sense?
• 55:33
  Speaker 6: Yes, yes, Ryan Women in wealth Initiative? What's what's that about? Why?
• 55:40
  Speaker 6: You know, I'm I'm very happy to.
• 55:44
  Speaker 4: See a lot of the ladies here, but I still, yes,
• 55:50
  Speaker 4: I'm still not all the way happy with the percentage
• 55:54
  Speaker 4: that we have. I think it's like sixty women listen
• 56:01
  Speaker 4: to Ernie Alesia, and I would love to have it
• 56:03
  Speaker 4: to be fifty to fifty.
• 56:05
  Speaker 6: So we're making strides.
• 56:06
  Speaker 4: We got a bunch of powerful women that's going to
• 56:08
  Speaker 4: be up here this entire weekend. But what's what's that
• 56:11
  Speaker 4: initiative about? And why was it important for you to
• 56:13
  Speaker 4: start that?
• 56:14
  Speaker 2: Yeah? So I have limited time, right, and.
• 56:24
  Speaker 7: My mother has always been the matriarch in a meaningful
• 56:27
  Speaker 7: way for my family. She's the one that always encouraged
• 56:31
  Speaker 7: us to save, She's the one that always encouraged us
• 56:35
  Speaker 7: to be frugal, He's the one that encouraged us to
• 56:39
  Speaker 7: also be as resourceful as possible and be of service.
• 56:44
  Speaker 7: And my dad was, you know, he was always, hey,
• 56:46
  Speaker 7: God will provide. You know, he's spending money and God
• 56:49
  Speaker 7: will provide, you know. And my grandfather was the same way,
• 56:52
  Speaker 7: He's spend the money on God will provide. And guess what,
• 56:55
  Speaker 7: God actually always did provide. So you know, I ascribe
• 56:59
  Speaker 7: to that a little bit as well. But what I
• 57:05
  Speaker 7: will say is that over the last year, I have
• 57:09
  Speaker 7: a one on one mentorship program and it's it's really
• 57:15
  Speaker 7: to pay it forward in the same way that Sandy
• 57:20
  Speaker 7: gave to me, because I know, being at a conference
• 57:23
  Speaker 7: like this, there's so much information that you had the
• 57:27
  Speaker 7: process and you go home and I know I took
• 57:30
  Speaker 7: some notes, but once the Satoshi and I think he
• 57:33
  Speaker 7: was talking about those in Mark Cuban and concentration and
• 57:39
  Speaker 7: Robin Hood is robbing the hood and how do I
• 57:42
  Speaker 7: remember everything?
• 57:43
  Speaker 2: You know what I'm saying.
• 57:44
  Speaker 7: And so sometimes it takes just having somebody who actually
• 57:49
  Speaker 7: would just lock in with you for a year and
• 57:52
  Speaker 7: break it down for you, just week by week, week
• 57:55
  Speaker 7: by week, week by week. You just you show up
• 57:57
  Speaker 7: every week you do the research, you do the homework.
• 58:01
  Speaker 7: And so I created a program whereby you know, just
• 58:06
  Speaker 7: a few a handful of people per week, I mean
• 58:08
  Speaker 7: per year, I actually provide this kind of mentorship and service.
• 58:13
  Speaker 7: And it's not because people can't find it on their own.
• 58:17
  Speaker 7: Like Hill said, there's so much freeation. But sometimes if
• 58:21
  Speaker 7: you don't even know what you're looking for, and you
• 58:23
  Speaker 7: don't even know what you don't know, you could just
• 58:25
  Speaker 7: get lost in that matrix. So that mentorship program really
• 58:30
  Speaker 7: began to illustrate for me the difference between a male
• 58:35
  Speaker 7: perspective on investing, which in many cases is kind of
• 58:38
  Speaker 7: more like gambling, and a female perspective on investing, which
• 58:42
  Speaker 7: I found to be in many cases more rational, more disciplined,
• 58:48
  Speaker 7: more reasonable, more measured.
• 58:53
  Speaker 2: Yeah, come on, get.
• 58:54
  Speaker 7: Y'allselves around the applause, Go ahead, ladies.
• 59:03
  Speaker 2: Yeah.
• 59:06
  Speaker 7: So when I found that there was that kind of differentiation,
• 59:10
  Speaker 7: I found that potentially the impact that I could make
• 59:14
  Speaker 7: in terms of what I was teaching, in terms of
• 59:16
  Speaker 7: the coaching, in terms of the mentorship, the investment, Like
• 59:20
  Speaker 7: Hill was talking about, you want the greatest return on
• 59:23
  Speaker 7: your investment. So I found that when I invested the
• 59:26
  Speaker 7: time with women, they also weren't just doing it for themselves.
• 59:36
  Speaker 7: They always said, Look, I'm not Ryan. This ain't just
• 59:38
  Speaker 7: for me. It's for my son, it's for my mom,
• 59:41
  Speaker 7: It's for my aunt, my uncle, my niece, my nephew.
• 59:46
  Speaker 7: And what we found on Wall Street all the time. Man, Listen,
• 59:50
  Speaker 7: I know some folks in here. If you actually watch movies,
• 59:54
  Speaker 7: you've seen a Wolf of Wall Street. You see how
• 59:56
  Speaker 7: women are objectified in the Wall Street communities. It's all
• 1:00:01
  Speaker 7: suits and ties and misogyny. But actually, very recently that
• 1:00:08
  Speaker 7: has emerged almost a I guess sometimes they call her
• 1:00:14
  Speaker 7: like the modern day female Warren Buffett, Kathy Wood of
• 1:00:18
  Speaker 7: Arc and Best Right.
• 1:00:19
  Speaker 2: We talked about her, right.
• 1:00:22
  Speaker 7: And what a lot of folks don't know is that
• 1:00:24
  Speaker 7: one of the other non public greatest female investment managers
• 1:00:32
  Speaker 7: is actually of color.
• 1:00:33
  Speaker 2: Her name is Melanie Hobson. She ha us be married
• 1:00:36
  Speaker 2: to George Lucas.
• 1:00:37
  Speaker 7: People didn't know that George Lucas created Star Wars. He
• 1:00:41
  Speaker 7: found himself a strong black woman, right, and she's one
• 1:00:45
  Speaker 7: of the best money managers in the world. So that's
• 1:00:48
  Speaker 7: why we decided that, Look, if you really want to
• 1:00:52
  Speaker 7: make a true difference and have a true impact, on
• 1:00:55
  Speaker 7: a family and generational level. Then it's important to educate,
• 1:01:00
  Speaker 7: mentor inspire and motivate the women.
• 1:01:06
  Speaker 2: The women very important.
• 1:01:08
  Speaker 6: Make some noise for that very very important.
• 1:01:10
  Speaker 4: Hell, before we go, I want you just to talk
• 1:01:13
  Speaker 4: about Black Walter, but I also want you to tie
• 1:01:16
  Speaker 4: it on if you can't with the what you said
• 1:01:18
  Speaker 4: as far as this cross generational wealth transfer, recirculation and
• 1:01:23
  Speaker 4: dollar and all of that group back of nomics, can
• 1:01:24
  Speaker 4: you tie that in and how that was a motivational
• 1:01:28
  Speaker 4: factor in your platform.
• 1:01:30
  Speaker 8: Absolutely, But we don't have much time, so I want.
• 1:01:33
  Speaker 4: It's early your Liegia's event. We got as much time
• 1:01:35
  Speaker 4: as we're good.
• 1:01:36
  Speaker 8: Okay, Well, since we're talking about strong, incredible women, I
• 1:01:42
  Speaker 8: want to recognize Naja Roberts, my co founder, who's right here.
• 1:01:46
  Speaker 8: She is sitting up there. Naja, come on, just just
• 1:01:48
  Speaker 8: just come on, wave turn around a way to the people.
• 1:01:52
  Speaker 8: That's Naja Roberts. She's one of the only two breaking
• 1:01:59
  Speaker 8: mortar over the counter crypto currency exchanges in the country
• 1:02:03
  Speaker 8: called Crypto Blockshain Plug in Inglewood, California. I went to
• 1:02:11
  Speaker 8: her on bend and knee and said, I'm launching the
• 1:02:14
  Speaker 8: Black Wall Street. I need you please join me in
• 1:02:18
  Speaker 8: this journey nausea. I need your expertise. She's one of
• 1:02:21
  Speaker 8: the foremost experts in crypto in the world, and she
• 1:02:25
  Speaker 8: joined me. Her husband said it was okay for me
• 1:02:28
  Speaker 8: to be on bended knee in front of her. It
• 1:02:30
  Speaker 8: was not a problem, and he was cool with that.
• 1:02:32
  Speaker 8: And so she is incredible. So I wanted to mention
• 1:02:35
  Speaker 8: her because we talk about everybody talk about crypto and
• 1:02:38
  Speaker 8: they think it's male driven and tech is male driven.
• 1:02:41
  Speaker 8: But they are incredible women doing so many incredible things
• 1:02:44
  Speaker 8: in the tech space and the crypto space, like NASA.
• 1:02:47
  Speaker 8: So why is recirculating the dollar so critical? If we
• 1:02:52
  Speaker 8: look back to the original Black Wall Street and the
• 1:02:54
  Speaker 8: inspiration for the name of the Digital platform, the Black
• 1:02:58
  Speaker 8: Wall Street was the original Black Street. From nineteen oh
• 1:03:01
  Speaker 8: five to nineteen twenty one, ow Gurley founded thirty five
• 1:03:04
  Speaker 8: blocks in Talls, Oklahoma, the Greenwood District, and what happened
• 1:03:07
  Speaker 8: was a dollar recirculated. I believe there were three distinct
• 1:03:11
  Speaker 8: pillars that built wealth in that ecosystem, and these are
• 1:03:14
  Speaker 8: the pillars that we tried to replicate with our digital platform.
• 1:03:18
  Speaker 8: Pillar number one institutional ownership. We've talked about that most
• 1:03:22
  Speaker 8: of this conversation. We owned the businesses, owned the intellectual property,
• 1:03:26
  Speaker 8: own the land. So ownership is critical. Pillar number two
• 1:03:30
  Speaker 8: institutional trust. We haven't talked about this much. They trusted
• 1:03:34
  Speaker 8: each other to transact with each other. Imagine that black
• 1:03:38
  Speaker 8: folks loaning each other money, black folks actually working together,
• 1:03:42
  Speaker 8: black folks spending money with each other. Institutional trust. And
• 1:03:46
  Speaker 8: then pillar number three of these three wealth building pillars
• 1:03:50
  Speaker 8: to me, and perhaps the most important, was the movement
• 1:03:52
  Speaker 8: of money or capital within the ecosystem. Where during that
• 1:03:55
  Speaker 8: time a dollar chain saying sixty to one hundred times
• 1:03:58
  Speaker 8: back then that was a year to three years. As
• 1:04:00
  Speaker 8: I said earlier, a dollar lea's a blackmunley within sixty
• 1:04:02
  Speaker 8: seven hours. We have one point two trillion dollars of
• 1:04:04
  Speaker 8: spending power in the black community. Yet it comes in
• 1:04:07
  Speaker 8: because we work hard. Everybody. We all know people are
• 1:04:09
  Speaker 8: in two three jobs with other side hustles. But the
• 1:04:13
  Speaker 8: problem is the money leaves. We don't have the ability
• 1:04:17
  Speaker 8: to recirculate. Just think about this. I'm gonna drop this
• 1:04:20
  Speaker 8: on you. A thirty billion dollar industry black female hair care.
• 1:04:24
  Speaker 8: We don't control the industry, nor do we control even
• 1:04:27
  Speaker 8: the supply of it when you talk about how much
• 1:04:30
  Speaker 8: money goes into the Korean community and other communities that
• 1:04:34
  Speaker 8: own over three to four thousand hair care shops throughout
• 1:04:37
  Speaker 8: the country, payday Lender. We can go on and on
• 1:04:41
  Speaker 8: and on. The point is the money leaves. We have
• 1:04:44
  Speaker 8: to recirculate those dollars, and now digital platforms allow us
• 1:04:49
  Speaker 8: to do it. Now, why people say, hell man, I
• 1:04:54
  Speaker 8: love my cash shaff Why is cash shaff a problem?
• 1:04:57
  Speaker 8: The reason why we launched the digital wallet first is
• 1:05:00
  Speaker 8: that if we don't start owning our digital wallets, as
• 1:05:03
  Speaker 8: the money starts moving into a digital currency, then the
• 1:05:07
  Speaker 8: dollar's gonna start leaving within six to seven seconds, let
• 1:05:10
  Speaker 8: alone six to seven hours. We have to own our
• 1:05:13
  Speaker 8: own wallets. So if you use Apple pay Apple Wallet,
• 1:05:16
  Speaker 8: if you use zeale Venmo, PayPal, cash app, who owns those?
• 1:05:22
  Speaker 8: Do they look like anybody in this room. That's why
• 1:05:26
  Speaker 8: we we started our MVP with a wallet, and we
• 1:05:30
  Speaker 8: can digitally recirculate those dollars on platform. Right, I want
• 1:05:36
  Speaker 8: to I want to bring superphone onto platform and then
• 1:05:39
  Speaker 8: you could pay for superphone through the Black Wall Street wallet.
• 1:05:42
  Speaker 8: You understand how this starts to work. You understand how
• 1:05:45
  Speaker 8: it starts to recirculate and create jobs and opportunity. That's
• 1:05:50
  Speaker 8: how it works. And and and I'll just say this
• 1:05:54
  Speaker 8: in the in that spirit, please y'all take out your phones.
• 1:05:57
  Speaker 8: Please go to the app store or your or or Google, Google,
• 1:06:04
  Speaker 8: uh is, Android iOS and download the Black Just type
• 1:06:08
  Speaker 8: in the Black Wall Street download it. You can still
• 1:06:11
  Speaker 8: use your cash AFT that's okay, but use a black
• 1:06:14
  Speaker 8: platform too, That's all I'm saying. Just add it on.
• 1:06:17
  Speaker 8: Don't make cash APT or PayPal your only wallet. You
• 1:06:23
  Speaker 8: can actually add black owned wallets to it. And that
• 1:06:27
  Speaker 8: to me is the secret sauce. No one's saying, yo,
• 1:06:30
  Speaker 8: don't do anything you're doing is bad. It's just saying,
• 1:06:32
  Speaker 8: add on a black alternative, just like you saying, you know,
• 1:06:36
  Speaker 8: I gotta approach my people, set up, set me up
• 1:06:38
  Speaker 8: with community. But I'm gonna get rid of community now
• 1:06:41
  Speaker 8: and go to superphone.
• 1:06:42
  Speaker 2: Amen.
• 1:06:45
  Speaker 8: That's it. That's it.
• 1:06:48
  Speaker 6: Dare you have it?
• 1:06:49
  Speaker 4: Ladies and gentlemen, roundup applause for Ryan Leslie and Hill Harper.
• 1:06:55
  Speaker 2: One time, and y'all listen. I wouldn't I wouldn't. I
• 1:07:10
  Speaker 2: wouldn't be I wouldn't be.
• 1:07:13
  Speaker 7: Keeping it a stack if I didn't say that I
• 1:07:16
  Speaker 7: actually respond to everyone that actually is looking for that
• 1:07:21
  Speaker 7: mentor that's looking for that coach, that's looking to reach
• 1:07:26
  Speaker 7: that peak performance in the in the prime of their life.
• 1:07:29
  Speaker 7: So in the same way he said, take out your
• 1:07:31
  Speaker 7: phone and download the Black Wall Street app. Text Ryan
• 1:07:36
  Speaker 7: dot com. Try it out. Text Ryan dot com. You
• 1:07:41
  Speaker 7: can leave your number there. I respond to everyone. I
• 1:07:45
  Speaker 7: do the phone calls, thirty phone calls a day till
• 1:07:47
  Speaker 7: I till I get through the touch touch base with everybody.
• 1:07:50
  Speaker 7: But it's a pleasure honored to be up here with
• 1:07:52
  Speaker 7: these brothers. Let's give it up one more time.
• 1:07:55
  Speaker 8: Yes, give it up leisure y'all.
• 1:07:59
  Speaker 5: My graduates from my school being forced backdrop b drop,
• 1:08:05
  Speaker 5: Mike drop, back drop drop.
• 1:08:21
  Speaker 8: Hey everyone, this is Tatiana Manning, host of Real Talk
• 1:08:25
  Speaker 8: with Pgen.
• 1:08:26
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• 1:08:29
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  Speaker 4: So check us out on pg dot com, fort Slash,
• 1:08:41
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• 1:08:42
  Speaker 9: And all other streaming platforms.