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Study Hall: KEYS TO BUILD GENERATIONAL WEALTH WITH WALLSTREET TRAPPER · Earn Your Leisure

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  Speaker 2: Apply let me ask you this.
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  Speaker 3: Yeah, one of the things even I struggle with sometimes
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  Speaker 3: is like how do you know when it's selling stock?
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  Speaker 3: Because everybody, a lot of people tell you like, this
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  Speaker 3: is a good time to buy the stock, right, Like obviously,
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  Speaker 3: like if it's twenty percent off, if it's high, then
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  Speaker 3: you can use that metrics or if it's you know,
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  Speaker 3: it's different strategies of how to know when to buy
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  Speaker 3: a stock, right, But there's not really too many metrics
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  Speaker 3: or strategies that I've seen. It's know when it's selling stock.
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  Speaker 3: So how do you what's your thoughts on that?
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  Speaker 4: So I have a few ways in which I deal
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  Speaker 4: with selling the stock right. So one of the ways
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  Speaker 4: is I ask before I even buy a stock. First,
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  Speaker 4: I want, you know, put a valuation on it, like
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  Speaker 4: what I think the company is worth.
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  Speaker 5: So before you get doing anything, you got to put a.
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  Speaker 4: Price tag on it, after you research the business, after
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  Speaker 4: you understand what it's worth. Because if you don't know
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  Speaker 4: what it's worth, you don't know when to sell, you
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  Speaker 4: don't know when to buy.
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  Speaker 5: So you got to put that price tag on it.
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  Speaker 4: And that only comes from doing the fundamental research right,
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  Speaker 4: understanding the business. And so one of the things I
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  Speaker 4: like to tell myself is simple once it gets a
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  Speaker 4: hundred percent for me, now it's time for me to
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  Speaker 4: think about do I have another business because I don't want.
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  Speaker 2: To just set hundred percent profit.
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  Speaker 4: Yeah, I don't want to just sell and have the
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  Speaker 4: money sitting in my account.
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  Speaker 5: I think that's what most people do.
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  Speaker 4: Like, so you got to put a tag on it
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  Speaker 4: and then put a life expectancy on it, like what
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  Speaker 4: do I expect it to do in this timeframe? And
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  Speaker 4: is it up a certain percentage in this timeframe? So
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  Speaker 4: for me, the goal is already buy and hold five.
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  Speaker 5: Years, ten years, twenty years.
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  Speaker 4: Like you have to have a life expectancy of it,
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  Speaker 4: how you wanted to perform. And then I'm asking myself, well,
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  Speaker 4: in this time if I'm up one hundred percent or more,
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  Speaker 4: if i have another stock that I'm willing to invest in.
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  Speaker 4: That's why we should always be looking for new businesses.
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  Speaker 4: That's why I tell people all the time, like I
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  Speaker 4: don't care what's going on every day, I'm researching new
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  Speaker 4: businesses because the world going to keep on solving problems.
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  Speaker 4: That's what businesses are, man, They solved problems, you know
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  Speaker 4: what I'm saying. So the world always is presented with
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  Speaker 4: a problem. Somebody's always going to try to do something better,
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  Speaker 4: like Amazon drop whatever they drop, Boom, Snowflake coming with
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  Speaker 4: they say I could do it better than Amazon.
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  Speaker 6: You feel what I'm saying.
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  Speaker 4: So now we're saying, Okay, let me find different businesses
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  Speaker 4: that are solving different problems or doing things better than
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  Speaker 4: other businesses. Even Jeff Bezos said that, he said, there's
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  Speaker 4: going to be a time where some business is going
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  Speaker 4: to come and do better than what I'm doing at
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  Speaker 4: what I'm doing, which is why he keeps on spreading
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  Speaker 4: a business out. So what I like to do is
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  Speaker 4: again put the light time span on it, whether it's
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  Speaker 4: a five year, three year, two year, one year, whatever
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  Speaker 4: that case may be.
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  Speaker 5: If I'm up one hundred percent or more and i
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  Speaker 5: found another.
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  Speaker 4: Business that I like, I can take those profits and
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  Speaker 4: then put it in another piode.
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  Speaker 7: So when you get to one hundred percent, right, are
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  Speaker 7: you saying like, are you taking a portion of the
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  Speaker 7: shares or you completely leaving the position?
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  Speaker 6: Nah?
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  Speaker 4: So I want to stay in a position right because
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  Speaker 4: if it's up one hundred percent to me, that I
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  Speaker 4: mean it's still performing well. Like if the fundamentals are increasing,
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  Speaker 4: management is doing a great job.
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  Speaker 6: That's cool.
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  Speaker 4: I don't want to exit that position, right, so I
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  Speaker 4: can take some of those profits, which means selling some
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  Speaker 4: of the shares when people don't know, like because I
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  Speaker 4: heard people ask me that, like if I take profit,
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  Speaker 4: does that mean I'm selling some of the shares.
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  Speaker 5: Of course you are, you know what I'm saying.
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  Speaker 4: So you'll sell some of those shares and you'll put
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  Speaker 4: it in a new business, and now you can start
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  Speaker 4: another position with those profits, which is ideal, you know
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  Speaker 4: what I'm saying. Another way for me to sell is
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  Speaker 4: if the business is not performing well, you know what
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  Speaker 4: I'm saying. So if I did the research on it,
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  Speaker 4: if I evaluated a business, and also in evaluating a business,
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  Speaker 4: when you put it life expectancy on it, time span
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  Speaker 4: that you want to do it you being intentional, right,
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  Speaker 4: and so you asking yourself what is the growth rate
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  Speaker 4: of this business?
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  Speaker 2: So how would you call?
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  Speaker 3: Because this is something that even today in Thankment, somebody
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  Speaker 3: came up to me and he was like, you know,
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  Speaker 3: I know I should invest in good companies, but how
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  Speaker 3: do I know? How do I find? How do I
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  Speaker 3: even find a good company? Like do you have to
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  Speaker 3: like read newspapers? Like how do you, like, what's your
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  Speaker 3: process actually know? Okay, like you said, you got to
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  Speaker 3: constantly find new businesses? Right, how do you constantly find
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  Speaker 3: new business So an.
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  Speaker 4: Easy way for me, I still use the method like
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  Speaker 4: I did in prison. Man, I just look at all
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  Speaker 4: them ticket symbols that's going on the bottom of CNBC,
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  Speaker 4: Like that's putting it on training wheels. That's without you
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  Speaker 4: happen to even do anything, or like you get on
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  Speaker 4: CNBC shout out to the trappers because I told them this,
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  Speaker 4: saying they do it now, Like you get on CNBC
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  Speaker 4: and there's a bunch of ticket symbols running cross the bottom,
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  Speaker 4: ones that you don't know about that like now what
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  Speaker 4: is that?
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  Speaker 5: Write it down? Like, don't be scared to do that.
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  Speaker 4: And another thing is also I just look at what's
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  Speaker 4: going on everything I'm buying or everything I'm looking at
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  Speaker 4: it saying who made this?
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  Speaker 6: What this is? Who produced this? Who did that?
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  Speaker 4: You know, if I'm looking at tech, I won't see
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  Speaker 4: like what tech been. Like the other day I found
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  Speaker 4: out that a business the ticket symbol was alby L.
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  Speaker 4: I was like, oh, this is the people who make
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  Speaker 4: light sauce. Like I didn't know who made it. But
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  Speaker 4: as I'm reading the papers, I saw that light SAF
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  Speaker 4: sales had increased by seventy percent. The first thing I
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  Speaker 4: want to know is who make that right? Who make that?
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  Speaker 4: Who make light SAF right? And I'm a find out
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  Speaker 4: if it's public as private right? So I think that's
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  Speaker 4: the easy part in finding businesses. And then what happens
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  Speaker 4: is when you're looking at one business, it's always going
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  Speaker 4: to shoot you to another business. It's always going to
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  Speaker 4: shoot you to its competitor.
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  Speaker 5: Like, so that's for me, I.
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  Speaker 4: Always do that what this business is doing, I want
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  Speaker 4: compare it to something. So now I'm gonna look up
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  Speaker 4: such and such peers. So I know the competitor light Soil,
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  Speaker 4: It's Clorox.
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  Speaker 5: You know what I'm saying. So I'm that's easy.
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  Speaker 4: That's like, it's it's not hard because sixty percent of
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  Speaker 4: the business is in America on a stock monet.
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  Speaker 7: So now that part of your fundamentals is that's the
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  Speaker 7: first step, right, looking for peers. What else are we
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  Speaker 7: doing to make sure that this is a good company?
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  Speaker 7: Are we looking at?
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  Speaker 6: Uh?
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  Speaker 7: I know one of the things you love is note that,
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  Speaker 7: but what are some other things that we looking at?
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  Speaker 7: When we're trying to figure out yep, this is a
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  Speaker 7: good company.
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  Speaker 6: Motes, Oh, motes. Can I tell you when you said
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  Speaker 6: that last time? I always heard when you talk.
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  Speaker 7: About most of that, Well, I mean we're big Game
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  Speaker 7: of Thrones fans, so when we talk it makes me
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  Speaker 7: think of like when they was at Castle Black and
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  Speaker 7: it was like, yo, they can't get into the castle
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  Speaker 7: because the war is always around. Yeah, And so like
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  Speaker 7: I'm like, oh, that's how we think about motes. When
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  Speaker 7: you say it's exactly what can you? Can you talk
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  Speaker 7: about most?
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  Speaker 4: So a mote is what protects a company from its competitors, right,
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  Speaker 4: and so there there's different kinds of most And that's
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  Speaker 4: that's another thing for me too. When I'm looking at
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  Speaker 4: a business. I actually told a guy there's at Dykeman today.
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  Speaker 4: I was He explained to me about a business he
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  Speaker 4: was looking at and he was like, they got a
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  Speaker 4: mote and I was like, so what is the moat?
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  Speaker 5: And he was like, well, they're the only person doing
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  Speaker 5: this and they feel.
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  Speaker 4: And I said, ask yourself this question, are they the
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  Speaker 4: only business that's doing it because they have an advantage
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  Speaker 4: like they can they have a patent on it, or
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  Speaker 4: management find a way to what they it will cost
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  Speaker 4: another business too much money to try to replicate that,
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  Speaker 4: or just can are they just the first ones to
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  Speaker 4: do it and then anybody else can come back and
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  Speaker 4: do it.
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  Speaker 5: If that's the case, it's not a moat. You know
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  Speaker 5: what I'm saying.
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  Speaker 4: If I can speed rap, and then if Rishard, if
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  Speaker 4: Troy studied me for three weeks and then he learned
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  Speaker 4: how to speed rap, then he can he can challenge me.
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  Speaker 4: Now you feel what I'm saying. But if I can
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  Speaker 4: speed rap in a way that he can't get it,
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  Speaker 4: I now have set myself apart. Right, So a mote,
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  Speaker 4: there's different motes that businesses can have. What is a
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  Speaker 4: mo So a mote is what protects a business from
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  Speaker 4: his competitors. Right, It's some type of product or service
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  Speaker 4: that this business has that their competitors cannot do. And
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  Speaker 4: they cannot do it for multiple reasons. One, it'll cost
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  Speaker 4: them too much money to do it. Right, So if
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  Speaker 4: it's gonna cost you too much money to replicate this.
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  Speaker 5: Chipotle chapote, you know what I mean.
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  Speaker 4: So they have this amazing mode where they build relationships
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  Speaker 4: anywhere that they build a store at, they find local
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  Speaker 4: farmers within one hundred mile radius, and they partner with
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  Speaker 4: them in anything that the farmers need, very willing to
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  Speaker 4: help them for two reasons, one to make sure the
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  Speaker 4: crops are great, and two to solidify themselves as the plug.
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  Speaker 4: So you grow fresh crops, I'm a bond from you.
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  Speaker 5: But here here's what you need, and if you need
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  Speaker 5: help with any of this, I'm gonna help you.
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  Speaker 6: Right.
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  Speaker 4: So, now with that does is it allows them now
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  Speaker 4: for their competitors to come beat them.
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  Speaker 5: You gotta double my price.
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  Speaker 4: So now now it's going to cut into your profit,
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  Speaker 4: which now gets into low operational costs. The cost that
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  Speaker 4: it cost is the business to operate. You feel what
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  Speaker 4: I'm saying. So because your pote, they have done that.
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  Speaker 4: Now the second mold to that is every day they
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  Speaker 4: give you fresh ingredients because they've partnered with all the
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  Speaker 4: local farmers around that business. Right, so every day now
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  Speaker 4: that they've guaranteed to give you fresh vegetables that is
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  Speaker 4: extremely hard to replicate. It's gonna cost you too much
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  Speaker 4: money to replicate this, so at this point it's not
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  Speaker 4: even worth it.
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  Speaker 6: So from what I'm hearing, it's like, yo, if I
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  Speaker 6: wanted to make the burrito.
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  Speaker 7: Right, if I don't have that mode, it's gonna cost
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  Speaker 7: me like sixteen dollars. It's gonna cost you pole like
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  Speaker 7: seven dollars something like that. Yeah, So in that sense,
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  Speaker 7: and then pricing is a type of remote. It's called
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  Speaker 7: a pricing mode, all right, So there's orether more types.
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  Speaker 4: Of There's another mode that I really love is called
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  Speaker 4: a switching mode. So a switching mode is so how hot?
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  Speaker 4: So example, let's think about this business called let's just
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  Speaker 4: think about Apple.
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  Speaker 5: Let's just keep it simple. So most people who.
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  Speaker 4: Have iPhone, they also have MacBook pros, or they'll have
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  Speaker 4: an Apple Watch, or they're in that Apple ecosystem. Right,
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  Speaker 4: the chances of me switching from Apple to Android or
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  Speaker 4: any other type of phone, it's slimming none. Because now
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  Speaker 4: I gotta switch all my information off the Apple cloud
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  Speaker 4: to somebody else's cloud.
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  Speaker 5: That's a switching mote.
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  Speaker 4: Or in business, a lot of businesses will do this.
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  Speaker 4: So let's say cybersecurity. Right, So let's say a business
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  Speaker 4: has all of their I'm using this cyber secure their
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  Speaker 4: business to protect all of my brands. It's extremely hard
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  Speaker 4: for me to switch from this cyber security company to
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  Speaker 4: another cyber security company. Because all of my information is
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  Speaker 4: stored here, it becomes now it becomes a hassle, whereas
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  Speaker 4: I can just work that's worked this out to see
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  Speaker 4: what the problem is and fix it. So switching modes
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  Speaker 4: are extremely great because nobody likes to switch.
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  Speaker 5: People love conveniences. Businesses are the same way.
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  Speaker 4: I don't have to go through all Now I gotta
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  Speaker 4: shut business down, I gotta lose money, or I gotta
• 11:33
  Speaker 4: be I gotta open my business now becomes vulnerable to
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  Speaker 4: something like cybersecurity is serious, which is why I love cybersecurity.
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  Speaker 6: Right.
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  Speaker 5: So any brand that it becomes a hassle for another brand,
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  Speaker 5: for the business, for its customers or service to leave
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  Speaker 5: that brand to go to another brand, that's a switching motive.
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  Speaker 3: So let me ask you this as far as like
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  Speaker 3: another thing that we haven't spoken about before. You're real
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  Speaker 3: big on like people hear like growth stocks, right, but
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  Speaker 3: what does that mean? Like what is a growth stock?
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  Speaker 3: Because for an average person, they're thinking like, I'm only
• 12:05
  Speaker 3: buying the stock, So you brok that like I'm not
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  Speaker 3: buying a non growth stock or a dead stagnant stock.
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  Speaker 2: So what's a growth stock?
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  Speaker 6: All right?
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  Speaker 5: So this is this is dope.
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  Speaker 4: Like, so a while back, what I did was I
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  Speaker 4: had broke down stocks the way I break them down.
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  Speaker 4: So I put stocks in three different situations, right is
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  Speaker 4: young bucks, og, gangsters, and ogs. Right, so it's three
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  Speaker 4: different categories. So young bucks I use in comparison, I
• 12:42
  Speaker 4: use somebody like little baby, Right, so somebody who he
• 12:46
  Speaker 4: has a huge upside, the potential. He just started his career, right,
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  Speaker 4: so his upside is extremely good, right, but what comes
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  Speaker 4: with that because he's young, he's still liable to get
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  Speaker 4: make some mistakes along the way that he jeopardized his career, right,
• 13:02
  Speaker 4: but the.
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  Speaker 6: Upside is amazing, Like you see it. You see he's
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  Speaker 6: a star. Right.
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  Speaker 4: That's a growth stock. Right, That's somebody with a lot
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  Speaker 4: of potential. And what happens is growth stocks tend to
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  Speaker 4: outperform the market for numerous amount of years. But the
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  Speaker 4: thing about them is they are extremely volatile because the
• 13:24
  Speaker 4: company will make mistakes and a lot of times they
• 13:28
  Speaker 4: aren't necessarily profitable in the beginning. Right, So now what
• 13:33
  Speaker 4: happens is the company you got to ask yourself risk
• 13:38
  Speaker 4: tolerance comes into play, Like can I deal with the
• 13:42
  Speaker 4: downsides of this relationship with this stock, right, and so
• 13:47
  Speaker 4: then we have your gangsters, right, So your gainsters is
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  Speaker 4: somebody who probably who've been around.
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  Speaker 6: For a minute.
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  Speaker 4: They're a little more mature, right, but they'll still they'll
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  Speaker 4: still You'll see that in the news if something pop up,
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  Speaker 4: you know what I'm saying, Like something.
• 14:03
  Speaker 5: Can happen, right, And then you have your ogs, And
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  Speaker 5: that's like.
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  Speaker 4: Your Johnson and Johnson's. They've been around for you know,
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  Speaker 4: they consistent. Then going nowhere they hear.
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  Speaker 5: So like somebody like Netflix will kind of be like
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  Speaker 5: a gangster.
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  Speaker 6: You know what I'm saying.
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  Speaker 4: They still kind of volatile, but you still see the upside.
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  Speaker 4: They still have growth in them. But any given day
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  Speaker 4: you can get up and they down two percent, three percent,
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  Speaker 4: you know what I'm saying, whereas a growth stop, you
• 14:26
  Speaker 4: get up to date, it's up, tomorrow's down ten percent.
• 14:29
  Speaker 4: You're like, god, damn, you know what I'm saying. What
• 14:31
  Speaker 4: happened right here? Oh yeah, you know they shot a
• 14:33
  Speaker 4: club bro.
• 14:34
  Speaker 5: Like you know right here on TMZ right now?
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  Speaker 6: So what so that's a grossot. What about a value stock?
• 14:42
  Speaker 4: So a value stock will a lot of fall under
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  Speaker 4: like your og stocks. Right, Somebody like Calipillar, somebody like.
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  Speaker 6: Johnson and Johnson Walls.
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  Speaker 4: Yeah it's og so, but it has a ton of value, right,
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  Speaker 4: the value is there. But also value stocks tend to
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  Speaker 4: not have growth and they're trading Let then with the
• 15:00
  Speaker 4: market say if they should be trading at you know
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  Speaker 4: what I'm saying, So.
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  Speaker 5: Then it would be an undervalue stock. But value stocks
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  Speaker 5: are stocks.
• 15:06
  Speaker 4: That have consistently performed well provided value to the marketplace,
• 15:10
  Speaker 4: and we just know what they're about. You know what
• 15:12
  Speaker 4: I'm saying, And so it make it easy so people
• 15:14
  Speaker 4: don't get lost in the sauce and confuse them. Think
• 15:17
  Speaker 4: about your ogs, like think about stocks that have been
• 15:19
  Speaker 4: around since you was a kid, so so like so
• 15:23
  Speaker 4: like a growth stock is something that has tremendous upside,
• 15:26
  Speaker 4: but it's also extremely violatile.
• 15:28
  Speaker 3: It can be like a young rapper that's just getting
• 15:30
  Speaker 3: money for the first time.
• 15:31
  Speaker 5: Yeah, he's gonna he gonna mess.
• 15:32
  Speaker 3: Up something, and then what's the second one? The gangster
• 15:35
  Speaker 3: gangsters that's just like you've been around long enough where
• 15:39
  Speaker 3: you know the ropes, but you still like you still
• 15:42
  Speaker 3: can make a mistake. Like a French Montana French is
• 15:47
  Speaker 3: safe man, I would say, gz.
• 15:49
  Speaker 4: I was, I was, so you get so now you
• 15:53
  Speaker 4: got to ask yourself, like, so jez what you could
• 15:56
  Speaker 4: consider Jesus? So he would be like in the middle
• 15:58
  Speaker 4: of you know, and I really get into this because
• 16:01
  Speaker 4: like you said, yeah, but like so for me, like
• 16:06
  Speaker 4: I would look at somebody like when I made the post,
• 16:08
  Speaker 4: That's what it was like, somebody like Fab or jez
• 16:11
  Speaker 4: For me, that's like yeah.
• 16:12
  Speaker 3: And then so jay Z is he not even get
• 16:16
  Speaker 3: a parking ticket? And at this point, like you.
• 16:18
  Speaker 4: Know, his career, like like the fat Joel a Jezn
• 16:23
  Speaker 4: that's your ogs, like they solid, they strong. You know,
• 16:26
  Speaker 4: if they dropped something, you're gonna cop that on the
• 16:28
  Speaker 4: strength because like you you remember, it's gonna take you back,
• 16:31
  Speaker 4: you know what I'm saying. And so the gangsters would
• 16:34
  Speaker 4: be like your gz fab you know what I'm saying,
• 16:37
  Speaker 4: your kiss.
• 16:40
  Speaker 7: So we got ogs, we got gangs, and got young
• 16:44
  Speaker 7: where you putting Tesla in that, oh man?
• 16:47
  Speaker 4: So for me, honestly, it's a young buck because even
• 16:50
  Speaker 4: though they've been around, they now become.
• 16:52
  Speaker 5: Established and they're extremely volatile, right and they.
• 16:56
  Speaker 4: Like Eli running the like sugar night man, do what
• 16:59
  Speaker 4: I want, I say what I want man, I don't
• 17:01
  Speaker 4: care if you don't like it or not. I don't
• 17:02
  Speaker 4: even care the shell holds like what I say or not. Look,
• 17:04
  Speaker 4: this is what we're doing. The probably the stock too high.
• 17:07
  Speaker 4: Next day that my stock go down, you make up
• 17:08
  Speaker 4: like yo, I was up eight percent, I woke up
• 17:12
  Speaker 4: two hundred. You know what I'm saying. So Tesla is
• 17:13
  Speaker 4: definitely a young buck, you know what I'm saying. But
• 17:15
  Speaker 4: it's one of those young bucks like little baby, Like
• 17:18
  Speaker 4: every time I drop, it's a banger, you know what
• 17:21
  Speaker 4: I'm saying.
• 17:24
  Speaker 2: What about what about? All right?
• 17:26
  Speaker 3: So, like what's an example of like a good growth
• 17:28
  Speaker 3: stock out there right now?
• 17:29
  Speaker 2: In your opinion?
• 17:33
  Speaker 6: Tesla was one where we talked about that already.
• 17:35
  Speaker 3: Right, I'm gonna be real, like beyond me, beyond me,
• 17:40
  Speaker 3: like beyond me, Like why do you like beyond me?
• 17:42
  Speaker 5: So?
• 17:42
  Speaker 4: Because you so one of the things it's good to
• 17:44
  Speaker 4: look at is actually.
• 17:48
  Speaker 6: Where where where the world is heading? Right?
• 17:51
  Speaker 4: So we and even though beyond me isn't a healthy move, Like,
• 17:56
  Speaker 4: let's just be real, a lot of people don't care
• 17:58
  Speaker 4: about their hell, bro when.
• 18:00
  Speaker 3: You say it's not healthy because it's process.
• 18:04
  Speaker 4: But for somebody who is saying yeah, will be like, nah,
• 18:08
  Speaker 4: I'm not doing that, you know what I'm saying. But
• 18:10
  Speaker 4: somebody who like, Yo, I'm trying to eat better. I
• 18:12
  Speaker 4: don't won't eat meat no more. The first thing they're
• 18:15
  Speaker 4: gonna do beyond meat, you know what I'm saying. And
• 18:18
  Speaker 4: then when you look at market share, like it's in
• 18:23
  Speaker 4: the fast full industry, it's partnering with fast foods, it's
• 18:26
  Speaker 4: partnering with your trader Joel's, it's partnering with you know, overseas, it's.
• 18:31
  Speaker 5: Partnering with your dunkin Donuts, you know what I'm saying.
• 18:34
  Speaker 4: So like he moving like he out there, he is,
• 18:37
  Speaker 4: like it's like mixtape wheezy.
• 18:40
  Speaker 5: Like I mean, I'm everywhere you go.
• 18:42
  Speaker 4: I'm there, I'm dropping a mixtape here, I'm dripping a
• 18:45
  Speaker 4: mixtape there.
• 18:46
  Speaker 6: I like that, you know what I mean. It's mixtape wheezy.
• 18:49
  Speaker 4: You know what I'm saying, Like I'm putting on my back,
• 18:51
  Speaker 4: I'm gonna lead the way, you know what I'm saying.
• 18:53
  Speaker 5: And so you know, other people gonna come, but I'm
• 18:56
  Speaker 5: out here.
• 18:57
  Speaker 4: But at the same time, the minutes somebody like McDonald's said,
• 19:01
  Speaker 4: I was just I was I was going a minute.
• 19:03
  Speaker 5: Somebody like mcdonald' say no, I ain't, ain't.
• 19:05
  Speaker 6: I'm not bumping that over here. We don't. We don't.
• 19:07
  Speaker 7: And that's crazy that you said, because in my mom
• 19:09
  Speaker 7: I'm thinking, like, I'm happy you said beyond me because
• 19:12
  Speaker 7: I was invested in beyond me. But when you hear
• 19:13
  Speaker 7: somebody like McDonald's obviously a big real estate play. Obviously
• 19:17
  Speaker 7: McDonald's when they said, we don't need the middle man,
• 19:19
  Speaker 7: we're not partnering with like an impossible like Burger King did,
• 19:22
  Speaker 7: what do you think it does to the business of
• 19:24
  Speaker 7: beyond me?
• 19:24
  Speaker 4: So what I love about them was this again your
• 19:28
  Speaker 4: mix take Wheezy. Right, it's a good song, but I'm
• 19:32
  Speaker 4: better on the hook. I'm better in it. So when
• 19:35
  Speaker 4: McDonald said that, what they said, hold up, don't forget
• 19:38
  Speaker 4: who you came to for that verse. Don't forget who
• 19:42
  Speaker 4: you came to. And so McDonald said, Okay, you're right.
• 19:46
  Speaker 4: We did partner with them and making the mech veggie
• 19:51
  Speaker 4: or whatever, the mechplant like we did. We did go
• 19:54
  Speaker 4: to beyond me and get the formula, you know what
• 19:57
  Speaker 4: I'm saying. So again I'm leading industry like this me.
• 20:01
  Speaker 4: So that to me, that's a great growth stock. I'm
• 20:06
  Speaker 4: not telling people to buy it because I got it
• 20:08
  Speaker 4: at like sixty six dollars.
• 20:10
  Speaker 2: It's just an example.
• 20:11
  Speaker 4: It's just an example of the nature of a growth
• 20:14
  Speaker 4: Like you can get up any given day and beyond
• 20:15
  Speaker 4: me to be down ten percent, you're not. But you
• 20:18
  Speaker 4: can also get up any given day and it run
• 20:20
  Speaker 4: for three weeks straight.
• 20:22
  Speaker 6: You know what I'm saying. You know what I'm saying.
• 20:25
  Speaker 4: Like, so that's the that's the example of that's a
• 20:28
  Speaker 4: young buk, that's a growth stop.
• 20:29
  Speaker 3: Let me ask you this for for common people that
• 20:31
  Speaker 3: might be, you know, struggling just to just to have
• 20:35
  Speaker 3: enough money to pay bills, right, what would be your
• 20:38
  Speaker 3: suggestion to kind of what's a good starter way for
• 20:41
  Speaker 3: them to actually start investing? Like what's your opinion? Because
• 20:46
  Speaker 3: I know, like you know what I'm saying, a lot
• 20:47
  Speaker 3: of times people might that might be a hurdle for
• 20:49
  Speaker 3: them to be like, well, I don't really have enough
• 20:52
  Speaker 3: discretionary income to put money into the stock market.
• 20:55
  Speaker 2: What's your what's your what's your thoughts for them?
• 20:57
  Speaker 4: So let me make sure I understand what you're saying,
• 21:00
  Speaker 4: Like you're saying they don't have enough money to invest
• 21:02
  Speaker 4: a hot should they start.
• 21:04
  Speaker 5: I'm gonna make sure I can answer it.
• 21:06
  Speaker 3: No, Like as far as like they if they're struggling
• 21:08
  Speaker 3: to invest, like what's some like what would be like?
• 21:11
  Speaker 3: Because for me, I'm looking at like even like an HSA,
• 21:14
  Speaker 3: right where people a lot of times might not be
• 21:17
  Speaker 3: familiar with that, Like that's the way to actually start
• 21:19
  Speaker 3: investing via your health insurance. It's like a backdoor investment way.
• 21:22
  Speaker 3: People don't know what HSA is. It's a health savings
• 21:25
  Speaker 3: account and break that down. Yeah, so like the health
• 21:28
  Speaker 3: savings account is so like you have like a high
• 21:29
  Speaker 3: deductible health plan, right, which is like very propulable, you know,
• 21:33
  Speaker 3: like I have a high deductible health plan, and it's
• 21:34
  Speaker 3: like usually when you don't go to the doctor a lot,
• 21:38
  Speaker 3: your premium, Like why would you pay for the regular
• 21:41
  Speaker 3: health plan like an HMO or PPO when you can
• 21:44
  Speaker 3: get a high deductible health plan. But the thing with
• 21:46
  Speaker 3: the high deductible health plan is that it's a higher
• 21:48
  Speaker 3: deductible Okay, right, So it's like let's say you got
• 21:51
  Speaker 3: the PPO, the premium might be like let's say four
• 21:55
  Speaker 3: hundred dollars a month, but with the high deductible plan,
• 21:59
  Speaker 3: it's two hundred dollars, but your deductible is a lot higher.
• 22:04
  Speaker 3: You deductible might be two times higher in the PPO.
• 22:07
  Speaker 3: So if you go too many times, you get caught
• 22:10
  Speaker 3: out there and you got to pay more money out
• 22:12
  Speaker 3: of pocket.
• 22:13
  Speaker 2: So it's a calculated risk.
• 22:15
  Speaker 3: But a lot of young The reason why I mentioned
• 22:17
  Speaker 3: is that a lot of young people and a lot
• 22:19
  Speaker 3: of people with every dollar's count they might either they
• 22:21
  Speaker 3: don't go to the doctor that much or they're just
• 22:23
  Speaker 3: making financial decisions where it's like, you know what, I
• 22:26
  Speaker 3: really can't afford the PPO, so I'm gonna do the
• 22:29
  Speaker 3: high deductible or whatever. So one of the good things
• 22:32
  Speaker 3: with the high deductible plan is that allows you with
• 22:34
  Speaker 3: the health savings account. So with the health savings account,
• 22:38
  Speaker 3: it's pretty much like a savings that you're putting money
• 22:41
  Speaker 3: into to pay for that deductible or any out of
• 22:45
  Speaker 3: pocket expenses that you may have. Right, But the good
• 22:47
  Speaker 3: thing is that the money comes up out of your
• 22:49
  Speaker 3: paycheck before you actually get paid. It's like the four
• 22:52
  Speaker 3: one K Okay, you know what I'm saying, So it
• 22:54
  Speaker 3: actually lowers your taxable income because it's the thing with
• 22:57
  Speaker 3: the four one K is that when you put money
• 23:00
  Speaker 3: into a four on one case's called pre tax dollars,
• 23:02
  Speaker 3: you know that. So it's like if you're making one
• 23:04
  Speaker 3: hundred thousand and you put ten thousand in, now you're
• 23:05
  Speaker 3: taxed on ninety thousand because it lowers your taxable income
• 23:08
  Speaker 3: by ten thousand dollars. So now with the HSA, like
• 23:11
  Speaker 3: the most you can put in is thirty five hundred
• 23:13
  Speaker 3: thirty five fifty for a single person in seventy one
• 23:16
  Speaker 3: hundred for a family. So let's say you put three
• 23:18
  Speaker 3: thousand dollars into the HSA. So now that you're making
• 23:21
  Speaker 3: you know, sixty thousand dollars. Now it lowers your taxable income,
• 23:25
  Speaker 3: so you're not paying any taxes on it.
• 23:27
  Speaker 2: Right.
• 23:27
  Speaker 3: But the cool thing about it is that it can
• 23:29
  Speaker 3: actually be invested, like how four one K is, So
• 23:32
  Speaker 3: you can put it in like different type of like investments,
• 23:34
  Speaker 3: stock market investments, mutual fund stuff like that, and now
• 23:38
  Speaker 3: the money grows. So now let's say you put like
• 23:40
  Speaker 3: three thousand dollars in for one year, right, but you
• 23:42
  Speaker 3: got to go to the eye doctor and you got
• 23:43
  Speaker 3: to get glasses or whatever any type of medical expense
• 23:46
  Speaker 3: instead of not having money to pay for it you've
• 23:49
  Speaker 3: been saving and you just use your HSA and they
• 23:51
  Speaker 3: give you like a debit card and all that. But
• 23:54
  Speaker 3: if you don't go to the doctor, because it's a
• 23:55
  Speaker 3: calculated risk, right, that's the whole point of having a
• 23:58
  Speaker 3: high deductible plan.
• 23:58
  Speaker 2: You're not going to the doctor.
• 24:00
  Speaker 3: So if you don't go to the doctor, what happens
• 24:01
  Speaker 3: is that that money rolls.
• 24:03
  Speaker 2: Over and to the next year.
• 24:05
  Speaker 3: So now next year you start with three thousand, right,
• 24:08
  Speaker 3: So what happens is that the money grows. And it's
• 24:10
  Speaker 3: kind of similar to an IRA because at the age
• 24:13
  Speaker 3: sixty five, you can actually take that money out without
• 24:16
  Speaker 3: paying a penalty. You take it out before you get
• 24:18
  Speaker 3: a penalty. Now sixty five, you can take the money out.
• 24:21
  Speaker 3: You just pay state and federal tax. You don't pay
• 24:24
  Speaker 3: a ten percent penalty or twenty percent penalty for taking
• 24:26
  Speaker 3: the money out early. So that's kind of like a
• 24:29
  Speaker 3: backdoor way. Like for me in my opinion, where it's like,
• 24:32
  Speaker 3: I gotta save money for my health insurance. So if
• 24:35
  Speaker 3: my budget was let's say four hundred dollars a month,
• 24:38
  Speaker 3: I'd rather do the high deductible plan, put two hundred
• 24:41
  Speaker 3: towards the premium two hundred towards the HSA. If I
• 24:44
  Speaker 3: got to use it for the I'm gonna use it anyway.
• 24:47
  Speaker 3: But if not, now that's going to be like an investment.
• 24:50
  Speaker 3: You know what I'm saying. A couple thousand dollars over
• 24:52
  Speaker 3: the course of time adds up. You might have it
• 24:54
  Speaker 3: some one hundred thousand dollars in thirty years.
• 24:56
  Speaker 7: I'm from the world where it was like, yo, if
• 24:57
  Speaker 7: you didn't use your benefits this year, yeah, they don't
• 25:00
  Speaker 7: roll over the next It's like, yeah, you better use
• 25:02
  Speaker 7: it by the eleventh of November.
• 25:04
  Speaker 3: Well, the thing about it is, it's so many different
• 25:06
  Speaker 3: things as far as like even with the four one K,
• 25:09
  Speaker 3: people don't know that you got a raw four one
• 25:11
  Speaker 3: k options you might have that, like and it's like
• 25:13
  Speaker 3: you don't even know a lot of times what's offered
• 25:15
  Speaker 3: at your job, right, And this is why education is
• 25:17
  Speaker 3: so important, Like you know what I'm saying. It's like
• 25:19
  Speaker 3: little stuff like that might change the direction of.
• 25:22
  Speaker 6: Your thousand, one thousand decent berro Like know what I'm saying.
• 25:25
  Speaker 7: You get that email like in this world, in this world, yeah,
• 25:28
  Speaker 7: you're not familiar with this.
• 25:29
  Speaker 6: It's been a while, right, So.
• 25:30
  Speaker 7: In this one like they give you an email like, Yo,
• 25:32
  Speaker 7: this financial advisor is coming on December fifteenth if you
• 25:34
  Speaker 7: want a schedule appointment, And it'd be something like the
• 25:37
  Speaker 7: dude with ballheaded with glasses and he talking to you
• 25:40
  Speaker 7: and you're like, Yo, what is he talking about?
• 25:41
  Speaker 6: You know what I'm saying. But like this type of information,
• 25:43
  Speaker 6: it's like yo, people just knew it.
• 25:45
  Speaker 3: Yeah, man, but so yeah, so like for you, like
• 25:49
  Speaker 3: I want you to really hammer the home, like even
• 25:51
  Speaker 3: you could save even one hundred dollars right, like fifty
• 25:54
  Speaker 3: dollars a month, gotcha?
• 25:55
  Speaker 5: Yeah, So let me say this first.
• 25:57
  Speaker 4: Man, I say this on Chapping Tuesday all the time,
• 25:59
  Speaker 4: and I don't people be thinking I'd be dead serious.
• 26:02
  Speaker 4: Jo Listen, I'm not a fiduciary or financial advisor.
• 26:08
  Speaker 5: Know that everything I say is for entertainment purposes.
• 26:11
  Speaker 6: On you can take them.
• 26:12
  Speaker 4: If you can't mitigate the risk, you must seek out
• 26:15
  Speaker 4: financial advisory. I'm not one, but I know one by
• 26:19
  Speaker 4: the name of Rashad. He can take you to glory.
• 26:24
  Speaker 4: I can just take you to the Listen. This dude
• 26:28
  Speaker 4: is so smart they sleep on. I say that every Tuesday, man,
• 26:32
  Speaker 4: and people be laughing. But this dude is brilliant.
• 26:35
  Speaker 6: Man.
• 26:36
  Speaker 5: You he just broke that dumb he had me like.
• 26:38
  Speaker 6: I just got blue cross ship.
• 26:43
  Speaker 4: I'm happy I got call this guy.
• 26:48
  Speaker 5: He come with I got an idea. But that's that's
• 26:53
  Speaker 5: that's real talk, man.
• 26:54
  Speaker 4: So one of the things I like to do is
• 26:55
  Speaker 4: tell people to say, try to save ten percent whatever
• 26:58
  Speaker 4: they make, write whatever you mean it. If you get
• 27:00
  Speaker 4: one hundred dollars a week, save ten percent. If you
• 27:02
  Speaker 4: get one hundred dollars every two weeks, save ten percent.
• 27:05
  Speaker 4: And so the easiest way to get in the market,
• 27:08
  Speaker 4: because we understand that the stock market does for you
• 27:12
  Speaker 4: way more than putting your money in a bank to
• 27:14
  Speaker 4: do for you. Right, we already understand. We all have
• 27:17
  Speaker 4: beat that drum forever, right, And so one of the
• 27:20
  Speaker 4: things you can do is get into index funds or ETFs, right.
• 27:24
  Speaker 4: And the reason being is because so let's say you
• 27:26
  Speaker 4: not you're not comfortable enough to say, let me buy
• 27:30
  Speaker 4: a Tesla. I don't have enough to buy a Tesla
• 27:33
  Speaker 4: right now. I ain't my risk tolerance it's not there
• 27:37
  Speaker 4: yet to see beyond meat go down five ten percent
• 27:41
  Speaker 4: and still be there.
• 27:42
  Speaker 5: Right.
• 27:43
  Speaker 4: And most people don't even understand, you know, and it's
• 27:45
  Speaker 4: not because they don't know it.
• 27:46
  Speaker 5: Because these haven't been exposed to yet. They don't know that.
• 27:49
  Speaker 4: If the stock you bought it at thirty dollars and
• 27:51
  Speaker 4: it goes down to twenty eight, most people in the mine,
• 27:54
  Speaker 4: I lost some money.
• 27:55
  Speaker 6: You know what I'm saying. That's not the case.
• 27:57
  Speaker 4: So one of the best things I would say for
• 27:59
  Speaker 4: people to do is buy index funds like ETS when
• 28:02
  Speaker 4: you first got in the game. Ets for me ets
• 28:05
  Speaker 4: better than index funds, you know what I'm saying. And
• 28:07
  Speaker 4: it's simply because now you can get exposure to a
• 28:10
  Speaker 4: specific industry. Right and I know an episode for the
• 28:13
  Speaker 4: Full the Classic, we broke.
• 28:16
  Speaker 5: Something down, but in the reup, we're gonna reentery it.
• 28:19
  Speaker 4: Right. So it's an ETF is simple where let's say
• 28:22
  Speaker 4: I wanted to buy some marijuana stocks, right, but I
• 28:25
  Speaker 4: know that's kind of a volatile industry. It's full of
• 28:28
  Speaker 4: young bucks. You know what I'm saying, It's full of
• 28:30
  Speaker 4: young bucks. So what happens is you can buy the
• 28:32
  Speaker 4: marijuana ETF. And now depending on which one you buy,
• 28:35
  Speaker 4: whether it's Yolo, whether it's MJ, you know what I'm saying.
• 28:38
  Speaker 4: Now you have fifteen twenty marijuana stocks at one time, right,
• 28:43
  Speaker 4: and now if one or two of them down, or
• 28:45
  Speaker 4: three of them down, the whole industry, that whole ETF
• 28:48
  Speaker 4: might go down fifty cent, right.
• 28:51
  Speaker 5: Whereas if you in that one stock that.
• 28:52
  Speaker 4: Went down any give them money, you wake up and
• 28:54
  Speaker 4: you down eight dollars, you know what I'm saying.
• 28:57
  Speaker 5: So, and also with indexed funds ETFs.
• 29:01
  Speaker 4: I'm not a fan of dollar cost averaging because that
• 29:05
  Speaker 4: allows me to buy stocks over priced over time. But
• 29:08
  Speaker 4: with index funds and ETFs that are fifty dollars sixty dollars,
• 29:12
  Speaker 4: you can buy into those every time.
• 29:14
  Speaker 3: And dollar cost averaging for anybody is when you put
• 29:17
  Speaker 3: money in every single month, for every single it's a
• 29:19
  Speaker 3: period of time, every week or whatever.
• 29:20
  Speaker 6: Yeah it.
• 29:22
  Speaker 5: So you buy an apple, you will buy no matter
• 29:24
  Speaker 5: what the price is.
• 29:25
  Speaker 2: Every first of the month.
• 29:26
  Speaker 5: You buying apple.
• 29:27
  Speaker 4: No matter what the price is, you buying it though,
• 29:29
  Speaker 4: just to stay in right. And so for me, I'm
• 29:32
  Speaker 4: not a dollar cost averaging person. I'm an averaging down
• 29:36
  Speaker 4: type of person, right, And averaging down is saying I
• 29:39
  Speaker 4: found it, I bought it.
• 29:40
  Speaker 5: At fifteen dollars. I don't care if it run all
• 29:42
  Speaker 5: the way up.
• 29:43
  Speaker 6: Right.
• 29:43
  Speaker 4: Now, what I do is I'm every half a year,
• 29:47
  Speaker 4: every two quarters, I reevaluate every stock I'm invested in,
• 29:50
  Speaker 4: right to understand what.
• 29:51
  Speaker 6: A value is at.
• 29:53
  Speaker 4: So now if the stock price dips, I'm not buying it,
• 29:57
  Speaker 4: but it dips at a below value price I can
• 29:59
  Speaker 4: buy right. So example, I bought Amazon in twenty eighteen
• 30:03
  Speaker 4: at nineteen hundred dollars.
• 30:06
  Speaker 6: I bought it in October.
• 30:09
  Speaker 5: November December eighteen.
• 30:11
  Speaker 4: The market went into a correction, you know what I'm saying,
• 30:14
  Speaker 4: and it went from nineteen to seventeen, nineteen hundred to
• 30:18
  Speaker 4: seventeen hundred. I bought it at seventeen hundred. Now what
• 30:21
  Speaker 4: that does is that brings my nineteen hundred dollars buying
• 30:24
  Speaker 4: price down to about eighteen twenty five.
• 30:28
  Speaker 5: Right, So now, don't got a way to get to
• 30:30
  Speaker 5: nineteen to see profit.
• 30:31
  Speaker 4: I can start seeing profit again at eighteen seventy five, right,
• 30:35
  Speaker 4: And so then it went from eighteen to sixteen.
• 30:38
  Speaker 5: I bought two moshas at sixteen.
• 30:40
  Speaker 4: So now instead of me seeing profit at eighteen seventy five,
• 30:44
  Speaker 4: I can probably see profit now at like seventeen eighty
• 30:47
  Speaker 4: or something like that. Right, And then it went down
• 30:50
  Speaker 4: from seventeen. I mean from seventeen to fifteen, I missed
• 30:54
  Speaker 4: it and I got it again at thirteen. So now
• 30:57
  Speaker 4: instead of me seeing profit at nineteen, I now got
• 31:00
  Speaker 4: profits at sixteen hundred. When I bought at thirteen forty three,
• 31:04
  Speaker 4: it brought my cost basis all the way down to
• 31:06
  Speaker 4: like sixteen seventy five. You feel what I'm saying. So
• 31:09
  Speaker 4: I'm with buying a discount over a period of time.
• 31:12
  Speaker 5: I'm okay with that.
• 31:13
  Speaker 4: And I told Smalls that I was like, yo, I
• 31:16
  Speaker 4: don't like green markets.
• 31:17
  Speaker 6: I like blood. I like blood.
• 31:21
  Speaker 4: You know what I'm saying, because that means I can
• 31:23
  Speaker 4: get stuff at a discount. But back to what we
• 31:25
  Speaker 4: were saying, So with individual stocks, I'm a dollar cost average,
• 31:30
  Speaker 4: But with index funds and ETFs, it's a great way for.
• 31:34
  Speaker 6: You to.
• 31:36
  Speaker 7: This episode is brought to you by P and C Bank.
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  Speaker 8: An illegal alien from Guatemala charged with raping a child
• 33:30
  Speaker 8: in Massachusetts. An MS thirteen gang member from El Salvador
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• 33:43
  Speaker 8: some of the heinous migrant criminals caught because of President
• 33:46
  Speaker 8: Donald J. Trump's leadership. I'm Christy Nohm, the United States
• 33:50
  Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 33:55
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• 33:58
  Speaker 8: one hundred thousand dollars legal aliens have been arrested. If
• 34:02
  Speaker 8: you were here illegally, you're next. You will be fine
• 34:05
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• 34:13
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• 34:16
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• 34:21
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• 34:24
  Speaker 6: Will be protected sponsored by the United States Department of
• 34:26
  Speaker 6: Homeland Security.
• 34:28
  Speaker 3: Get in with a lower amount every time because there's
• 34:30
  Speaker 3: not the same requirement that.
• 34:31
  Speaker 6: You have to put a requirements.
• 34:33
  Speaker 5: So now I can get in like you can.
• 34:34
  Speaker 4: Get I think one is the one besides the ETF.
• 34:39
  Speaker 4: Another in one is the there's like a high dividend
• 34:43
  Speaker 4: ETF right way, it's like forty two dollars, right, and
• 34:47
  Speaker 4: you can get in it every month.
• 34:49
  Speaker 5: You know what I'm saying.
• 34:49
  Speaker 4: You can put you know, you saving ten percent of
• 34:52
  Speaker 4: your money every week, so that means once a month
• 34:54
  Speaker 4: you can be able to get this index one and
• 34:56
  Speaker 4: it's this ETF.
• 34:57
  Speaker 5: And one of the things you can do is you
• 34:59
  Speaker 5: can just.
• 34:59
  Speaker 4: Say great dividend ETFs to invest in, right, and then
• 35:03
  Speaker 4: the ETF itself is going to They've now done the
• 35:06
  Speaker 4: homework for you. They've put the best dividend ETFs in
• 35:09
  Speaker 4: that ETF. I mean the best dividend stocks in that ETF.
• 35:12
  Speaker 4: So now you don't have.
• 35:13
  Speaker 5: To let me research this, let me research that.
• 35:15
  Speaker 4: You just look at the performance, how has it performed
• 35:18
  Speaker 4: over the last year five years.
• 35:20
  Speaker 5: And you say, okay, cool.
• 35:20
  Speaker 4: Every month I'm gonna just put fifty dollars in a here, right,
• 35:23
  Speaker 4: one hundred dollars in a year, and you can just
• 35:25
  Speaker 4: keep doing that.
• 35:26
  Speaker 5: That's a great way.
• 35:27
  Speaker 7: When we're doing When we're doing that with are we
• 35:29
  Speaker 7: looking into the expense ratios as well?
• 35:31
  Speaker 6: Of course?
• 35:31
  Speaker 4: And it's just for that so in case people don't
• 35:33
  Speaker 4: know what the expense ratio is, that's just simply how
• 35:36
  Speaker 4: much you're paying someone to run this, and it's extremely cheap,
• 35:42
  Speaker 4: Like it's cheap like for me, when I'm looking at
• 35:44
  Speaker 4: expense ratios, I want it to be less than one, right,
• 35:47
  Speaker 4: So it's less than one, so I'm paying them less
• 35:50
  Speaker 4: than one percent. And so with these ETFs, a lot
• 35:52
  Speaker 4: of times you can get them at zero point seventy
• 35:54
  Speaker 4: five percent, zero point sixty five percent, zero point fifty cent.
• 35:58
  Speaker 4: That's something like for every thousand dollars that you pay.
• 36:00
  Speaker 6: Them, five dollars.
• 36:01
  Speaker 7: You know, I think that's I think that's something like
• 36:03
  Speaker 7: people don't even realize, right, like you're actually paying that.
• 36:06
  Speaker 6: Yeah, you know what I'm saying, it's like kind of
• 36:07
  Speaker 6: a hit and you're.
• 36:08
  Speaker 4: Not gonna feel it because what's gonna happen is it's
• 36:10
  Speaker 4: called passive investment. So now what happens is once a year,
• 36:15
  Speaker 4: whatever your returns off of the year, it will take.
• 36:17
  Speaker 5: Five dollars out. You're not you're gonna see it, you
• 36:20
  Speaker 5: know what I'm saying.
• 36:20
  Speaker 4: So I don't mind if you don't really know too much,
• 36:24
  Speaker 4: and that gives you time to be in the market.
• 36:26
  Speaker 4: One of the things I always say is time in
• 36:29
  Speaker 4: the market is better than time meanings the market.
• 36:33
  Speaker 6: Right.
• 36:33
  Speaker 2: Say that? Say that again, Say that.
• 36:35
  Speaker 9: Like it was a Negro spiritual bron Yeah so.
• 36:48
  Speaker 6: So so time in the market.
• 36:54
  Speaker 4: The fact, time in the market is better than time
• 36:57
  Speaker 4: meaning the market, right, So just that experience, you know
• 37:00
  Speaker 4: what I'm saying, being in the market every day, putting
• 37:02
  Speaker 4: your money in those Let's say you buy that ETF
• 37:05
  Speaker 4: every month, you buying it, right, You in the market, right,
• 37:08
  Speaker 4: You're letting them do the hard work. You downsize the risk.
• 37:12
  Speaker 4: Your money is making money for you. So while you're
• 37:15
  Speaker 4: letting that happen, you can be learning how to research.
• 37:18
  Speaker 4: You can be learning what it takes, and you can
• 37:20
  Speaker 4: start with researching the business that inside the ETF. You
• 37:24
  Speaker 4: know what I'm saying. You can break that down to dimes.
• 37:26
  Speaker 4: You know what I'm saying, you can break that breakdown.
• 37:28
  Speaker 6: A bunch of dimes already, big trap.
• 37:34
  Speaker 4: You can break that breakdown of dimes like you can
• 37:36
  Speaker 4: take that ETF and now go to Yahoo finance. Right, simple,
• 37:41
  Speaker 4: go to Yahoo Finance. Put the ETF in the search ball.
• 37:44
  Speaker 4: Now you can go slide over to those hyper links.
• 37:47
  Speaker 4: You'll see financials, you'll see summary, you'll see performance, and
• 37:51
  Speaker 4: then you'll see holdings. Right, holdings is the company's inside
• 37:55
  Speaker 4: of the ETF. Press that holdings. Scroll down because the
• 37:58
  Speaker 4: first thing is going to tell you is is what
• 38:01
  Speaker 4: types of businesses are in the ECF.
• 38:03
  Speaker 6: You'll see basic materials in you know, financials. Whatever.
• 38:06
  Speaker 4: You go down and it'll show you now the businesses
• 38:10
  Speaker 4: and the percent of those businesses of the inside the ETL.
• 38:13
  Speaker 4: And so now what happens is you can look at
• 38:15
  Speaker 4: those business and start your research there.
• 38:17
  Speaker 7: Quick question for you though, like so when you see
• 38:19
  Speaker 7: what's inside the holes, what is the percentage you like?
• 38:22
  Speaker 6: Right?
• 38:22
  Speaker 7: So, Like, if I'm looking at like uh an XL
• 38:26
  Speaker 7: Y or something like that, and I see the allocation
• 38:28
  Speaker 7: for a company, what.
• 38:29
  Speaker 6: Number or percentage do you look like? You know? What?
• 38:32
  Speaker 6: I like that number? Right? Do I want?
• 38:33
  Speaker 7: I want them to be allocated like five to seven
• 38:36
  Speaker 7: or is it like eight to ten percent of some
• 38:38
  Speaker 7: of like these big time so they.
• 38:40
  Speaker 4: All they all differentiate. I'm not honestly that part. I'm
• 38:44
  Speaker 4: not tripping on. But I do want to know where
• 38:47
  Speaker 4: the majority of the money is, right, So let's say it.
• 38:50
  Speaker 5: We'll just use example, We'll just say.
• 38:52
  Speaker 4: A ETF XLB whatever that is, right. We're just gonna
• 38:55
  Speaker 4: through some cause I don't even nobody saying tray to
• 38:57
  Speaker 4: say it this right. So let's say we're using X, right,
• 39:00
  Speaker 4: and let's say ten percent their top five holdings is
• 39:05
  Speaker 4: Earn your Leisure, Wall Street Trapper, you know, in other businesses, right.
• 39:11
  Speaker 4: And so let's say now we're looking at the holders
• 39:13
  Speaker 4: and we see, okay, well, ten percent.
• 39:15
  Speaker 6: Of their money is in Earn your Leisure.
• 39:19
  Speaker 5: Eight percent of their money is in Wall Street Trapper.
• 39:22
  Speaker 4: So that means, now, if that was one hundred dollars,
• 39:25
  Speaker 4: ten dollars of that is in Earn your Leisure, right,
• 39:30
  Speaker 4: eight dollars of that is in Wall Street Trapper. Right,
• 39:33
  Speaker 4: So if it's one hundred dollars, you break those percentages
• 39:36
  Speaker 4: down like that. What I do like to see is
• 39:38
  Speaker 4: the businesses that they are strong in are solid businesses,
• 39:42
  Speaker 4: you know what I'm saying.
• 39:43
  Speaker 5: If they solid.
• 39:44
  Speaker 4: Now, if you got a company that's bad, then that's
• 39:46
  Speaker 4: why I like the ETS because if a company is
• 39:50
  Speaker 4: not performing, they're gonna get them out of there. Like
• 39:53
  Speaker 4: you know, it's just like you know, against it. Like
• 39:55
  Speaker 4: if I got a trap booming and I got some
• 39:57
  Speaker 4: soldiers and you ain't performing, I got trap bringing in this,
• 40:01
  Speaker 4: shot bringing in this.
• 40:03
  Speaker 5: You know, shot in shot, but you know shot bringing
• 40:05
  Speaker 5: in this.
• 40:05
  Speaker 4: I got them other traps bringing in this, and you
• 40:07
  Speaker 4: ain't performing, fam.
• 40:08
  Speaker 6: You gotta go. You out of a job.
• 40:11
  Speaker 4: You can't run for me no more what I need
• 40:13
  Speaker 4: you for, you know what I'm saying. So they're gonna
• 40:15
  Speaker 4: do that. And a lot of them they do it
• 40:16
  Speaker 4: once a year, or some of them do it every
• 40:18
  Speaker 4: two years, but they're gonna switch.
• 40:20
  Speaker 6: Them out and put the next runner in there. I
• 40:22
  Speaker 6: love that.
• 40:22
  Speaker 7: That's important too, because like you can actually see it happen, right,
• 40:25
  Speaker 7: if you check.
• 40:26
  Speaker 6: From a year to year or every six months sometimes
• 40:28
  Speaker 6: it depends on.
• 40:28
  Speaker 7: The ETF, you'll actually see the allocation changed, right, So
• 40:31
  Speaker 7: you'll see one go from four percent to eight percent.
• 40:33
  Speaker 7: So it's good to know, Like yo, they see growth
• 40:36
  Speaker 7: in that company. They're putting more money into the ETF,
• 40:39
  Speaker 7: it becomes even stronger.
• 40:40
  Speaker 3: Let me ask you this one thing that we haven't
• 40:42
  Speaker 3: spoken about on this podcast yet in depth.
• 40:45
  Speaker 2: It's gold.
• 40:46
  Speaker 3: And that's something that's been popular this year two twenty twenty.
• 40:49
  Speaker 3: A lot of things have been ringing off in twenty twenty.
• 40:51
  Speaker 3: Goal is something that you know, people are just hearing
• 40:54
  Speaker 3: about and they're like, all right, I need to invest
• 40:56
  Speaker 3: in Goal is going up. It's you know, what's your
• 41:00
  Speaker 3: thoughts on investing in gold?
• 41:02
  Speaker 5: So I actually owned two hours ago?
• 41:04
  Speaker 4: Physical Yeah, I got him to save the positive because
• 41:08
  Speaker 4: one of even when invest in buying gold, you have
• 41:11
  Speaker 4: to be storage is key, Like you're not supposed to.
• 41:15
  Speaker 5: Have gold just laying around, you know what I'm saying,
• 41:18
  Speaker 5: Like that can put that on the mattress. I mean
• 41:20
  Speaker 5: you can. I find that you got some gold enough.
• 41:24
  Speaker 5: I don't live like that big trap. We're different.
• 41:34
  Speaker 4: We're different, ga, GA. But you know so, and then
• 41:38
  Speaker 4: you got a minus. You know if you tell somebody
• 41:40
  Speaker 4: you got that in there, you know what I'm saying.
• 41:43
  Speaker 4: So gold is an amazing product, man, It's amazing. Protection
• 41:49
  Speaker 4: of wealth, right, is what you would call insurance to
• 41:54
  Speaker 4: your wealth and a hedge against the dollar. So I
• 41:58
  Speaker 4: actually think that everybody's your own on goal. One of
• 42:01
  Speaker 4: the greatest things about gold is that brick is broken.
• 42:05
  Speaker 4: You can literally buy it in a kilo. My goal
• 42:07
  Speaker 4: is to buy a kilo of goal.
• 42:10
  Speaker 6: One thousand and one grand.
• 42:13
  Speaker 4: That's a that's a brick goal to brick baby brick
• 42:18
  Speaker 4: the aquilo.
• 42:18
  Speaker 6: So my goal is to actually buy a kilo of gold.
• 42:23
  Speaker 2: So where'd you buy gold from?
• 42:24
  Speaker 4: So you can get it in multiple ways? Now we
• 42:26
  Speaker 4: talking physical goal both, let's talk about a right So
• 42:29
  Speaker 4: we can get physical goal from a certified dealer, or
• 42:32
  Speaker 4: we can get get it from you can get online
• 42:35
  Speaker 4: and check for actual goal exchanges and gold securities meaning.
• 42:44
  Speaker 6: Like they literally whole goal j M. Bullying is one.
• 42:48
  Speaker 4: Of them, Like one of the best ones out I
• 42:50
  Speaker 4: was just going to ask about that bullion. It's one
• 42:52
  Speaker 4: of the one of the best ones out there. But
• 42:54
  Speaker 4: even when you buy your goal, what you got to
• 42:56
  Speaker 4: look for now is so you're never going to get
• 43:00
  Speaker 4: one hundred percent goal.
• 43:02
  Speaker 2: Because it's too soft.
• 43:03
  Speaker 4: Yeah, so now you gotta tap into how much of
• 43:07
  Speaker 4: the mixture that's in the goal.
• 43:10
  Speaker 5: You know what I'm saying, So now you know it's
• 43:12
  Speaker 5: you know, we start looking at that.
• 43:14
  Speaker 4: But you also got to pay attention when you're buying gold.
• 43:19
  Speaker 6: It's not easier to sell goal.
• 43:22
  Speaker 4: Like if you buy it, it's not easy to sell
• 43:24
  Speaker 4: it back, right because now, so there's this thing called
• 43:29
  Speaker 4: like the spot price on the goal, right, and that's
• 43:31
  Speaker 4: what the goal is actually worked. And then you have
• 43:35
  Speaker 4: what the deal is gonna charge you against the middle man,
• 43:37
  Speaker 4: Like if I got to go get it and I
• 43:38
  Speaker 4: got to sell it to you, then I won't mind,
• 43:40
  Speaker 4: you know what I'm saying. So you ain't gonna go
• 43:42
  Speaker 4: get it yourself, you know what I'm saying. So you
• 43:44
  Speaker 4: gotta see who's paying who's charging you the less? You
• 43:48
  Speaker 4: know who taxing you the less, like being on a block,
• 43:50
  Speaker 4: you know what I'm saying, Like for Shah, I got
• 43:52
  Speaker 4: it for seventeen, I got it for seventeen five, right,
• 43:55
  Speaker 4: so trap while you charge me for seventeen by well
• 43:57
  Speaker 4: mine better.
• 43:57
  Speaker 6: You boys paying to it too long?
• 44:00
  Speaker 5: A rock up bring back.
• 44:01
  Speaker 6: You know what I'm game.
• 44:05
  Speaker 4: So you know you want to pay attention to that
• 44:07
  Speaker 4: as well, but you can it's definitely you know JM.
• 44:10
  Speaker 5: Bullying is one of the ones that I perfectly like.
• 44:13
  Speaker 5: They good people. But also you can go to you
• 44:15
  Speaker 5: know where.
• 44:15
  Speaker 4: People buying these rolexes and all that from, like a
• 44:17
  Speaker 4: lot of these places. If it's a real rolex, that's
• 44:20
  Speaker 4: not the rolex dealer. They can be certified dealers and
• 44:24
  Speaker 4: you can literally go to them and be like, yo,
• 44:25
  Speaker 4: I want to buy some gold, and they'll be like,
• 44:27
  Speaker 4: all right, cool.
• 44:27
  Speaker 6: I got you. You know what I'm saying.
• 44:29
  Speaker 5: You can buy pellets of goal, you can buy gold coins.
• 44:31
  Speaker 4: But again, now you're looking at One of the things
• 44:33
  Speaker 4: you got to ask them is what is your feet?
• 44:36
  Speaker 6: You know what I'm saying.
• 44:37
  Speaker 4: And then a lot of time you try to sell again,
• 44:39
  Speaker 4: it's something to hold, you know what I'm saying. So
• 44:42
  Speaker 4: things get real, Like we looked at the if you
• 44:45
  Speaker 4: look at us deck clock dot org, you'll see that
• 44:47
  Speaker 4: the dollar loses value every day. The companies this world
• 44:50
  Speaker 4: is different. Twenty seven trillion dollars in debt and growing, right,
• 44:53
  Speaker 4: So we know that the more money they print, the
• 44:56
  Speaker 4: lesson is worth a dollar today. Ain't worth a dollar
• 44:58
  Speaker 4: of them, are? You know what I'm saying.
• 45:00
  Speaker 5: And so that's what the goal is.
• 45:01
  Speaker 4: So as the dollar loses value, the goal actually goes
• 45:03
  Speaker 4: up because people try to find safer places to put
• 45:06
  Speaker 4: their money, especially in volatile markets. Well, you know what
• 45:09
  Speaker 4: I'm saying, things going crazy, and they can't get into
• 45:11
  Speaker 4: bonds because.
• 45:12
  Speaker 5: That's usually the alternative.
• 45:14
  Speaker 6: Right.
• 45:14
  Speaker 4: If stocks become too risky, then big investors say, well,
• 45:16
  Speaker 4: let me get into bonds so they can get.
• 45:18
  Speaker 6: Some type of return on their money.
• 45:20
  Speaker 4: Right, but if bond, if bond interest rates go too low,
• 45:23
  Speaker 4: right now, they're like, okay, I don't want to be
• 45:25
  Speaker 4: in bonds. And then what happens when interest rates go low?
• 45:28
  Speaker 4: Gold goes up. Why because everybody's gonna say, let me
• 45:31
  Speaker 4: get the gold. You feel what I'm saying. So now
• 45:33
  Speaker 4: we start understanding that triangle offense like Phil Jackson, stocks, bonds, goal,
• 45:38
  Speaker 4: But really goal is like that safe haven.
• 45:42
  Speaker 6: You know what I'm saying.
• 45:42
  Speaker 4: It's the safe house, right, It's gonna be there, it's
• 45:45
  Speaker 4: going to perform. But the thing about goal is if
• 45:48
  Speaker 4: the stocks are performing well, then they don't.
• 45:50
  Speaker 6: Need to be in goal. They can go to stocks
• 45:52
  Speaker 6: and get a great return of their money.
• 45:54
  Speaker 4: When stocks get too risky and bonds don't got a
• 45:56
  Speaker 4: good rate, when let me go to gold to go up,
• 45:58
  Speaker 4: you know what I'm saying.
• 46:00
  Speaker 6: So I feel like I'm.
• 46:01
  Speaker 3: Trapping right now. So that's the that's the physical, but
• 46:05
  Speaker 3: then you can buy it like et they go buy
• 46:07
  Speaker 3: a gold stock on the stock market right now.
• 46:10
  Speaker 4: So so now what happens is you won't buy physical
• 46:13
  Speaker 4: goal on the stock market. You will buy gold miners, right,
• 46:19
  Speaker 4: and that's a great place to be because what goal
• 46:23
  Speaker 4: miners are the people who mine goal mining, the goal
• 46:26
  Speaker 4: the companies, the companies, right, So you can buy gold
• 46:29
  Speaker 4: miners and then a lot of gold miners will actually
• 46:31
  Speaker 4: be copper miners as well, because some in a lot
• 46:36
  Speaker 4: of the goal that's what they'll mix it with a
• 46:37
  Speaker 4: little bit, you know what I'm saying. So a lot
• 46:40
  Speaker 4: of gold miners be copper miners, some be silver miners,
• 46:43
  Speaker 4: some be platinum miners.
• 46:44
  Speaker 5: So now you're just looking at that whole aspect.
• 46:47
  Speaker 4: But you can buy goal miners and you can buy
• 46:50
  Speaker 4: goal et s which can actually be a mixture of
• 46:54
  Speaker 4: miners and like the precious metal other precious metals that's
• 46:59
  Speaker 4: inside that one of them is called ounces take a
• 47:03
  Speaker 4: symbol O U n Z, you know what I'm saying,
• 47:05
  Speaker 4: So that's a goal ETF as well.
• 47:07
  Speaker 7: So when We're looking at gold ETFs right, and I'm
• 47:09
  Speaker 7: thinking like things of myself just from a standpoint of like, yo,
• 47:14
  Speaker 7: people are minding the gold who's both righting the shovels
• 47:17
  Speaker 7: form and were looking.
• 47:17
  Speaker 5: Come on you you you talking about tom you know,
• 47:20
  Speaker 5: so you think about that.
• 47:21
  Speaker 4: Like one of the things I said is when that's
• 47:23
  Speaker 4: how most people got rich during the gold Rush, was
• 47:26
  Speaker 4: not the people who was digging for gold. It was
• 47:28
  Speaker 4: the people who sold the shovels. That's who got rich.
• 47:31
  Speaker 4: So that's a great place to be.
• 47:33
  Speaker 6: You know what I'm saying.
• 47:33
  Speaker 3: So yeah, so let me ask you this as far
• 47:36
  Speaker 3: last time we was here, we talked about a little
• 47:37
  Speaker 3: bit touched on how to save for your kid, what
• 47:40
  Speaker 3: can studio accounts playing, things of that nature, But I
• 47:44
  Speaker 3: don't think we went over there like to like in
• 47:47
  Speaker 3: depth with the OMA and the UGMA.
• 47:51
  Speaker 2: Can you talk about that a little bit?
• 47:52
  Speaker 5: Yeah, yea, yeah.
• 47:53
  Speaker 4: So what we did was we talked about, you know,
• 47:55
  Speaker 4: just investing from my daughter.
• 47:56
  Speaker 5: And that was.
• 47:57
  Speaker 4: Real dope because before I actually spoke on that, I
• 48:05
  Speaker 4: never heard nobody talk about it, you know what I'm saying.
• 48:07
  Speaker 4: And so for me, one of the reasons what I
• 48:10
  Speaker 4: did so I was like, what's the difference between it,
• 48:12
  Speaker 4: cause I wanted to do something for my daughter besides
• 48:14
  Speaker 4: just putting money in a bank account. Like if I'm
• 48:16
  Speaker 4: making my money work for me all the time, and
• 48:18
  Speaker 4: I'm saying I'm gonna do this for the long run,
• 48:20
  Speaker 4: then I'm instantly a light went off of my head
• 48:22
  Speaker 4: and was like, if I stole my daughter, now she
• 48:25
  Speaker 4: got way more time than me.
• 48:27
  Speaker 5: I can put a whole bunch.
• 48:28
  Speaker 4: Of young bucks and us you know what I'm saying,
• 48:30
  Speaker 4: custudio account and let it run.
• 48:32
  Speaker 5: So you got two types.
• 48:33
  Speaker 4: You got the ugmy and you got the ut the
• 48:37
  Speaker 4: ug Mud.
• 48:38
  Speaker 6: And the ut muh.
• 48:39
  Speaker 5: So one of them is as.
• 48:42
  Speaker 4: Una unified gifts account, and one of them is a
• 48:47
  Speaker 4: transfer account.
• 48:50
  Speaker 5: Right, So one of them, the.
• 48:51
  Speaker 4: Ut the ut Mud, you can put real estate, you
• 48:57
  Speaker 4: can put gold, you can put with art, you can
• 49:01
  Speaker 4: put intellectual properties and stocks and cash over there. The
• 49:08
  Speaker 4: Ugmah is a gift so you can only put stocks
• 49:13
  Speaker 4: or binds, mutual funds, eats cash.
• 49:16
  Speaker 5: You can't put the real estate and the other stuff
• 49:18
  Speaker 5: in there.
• 49:18
  Speaker 6: So there's a limitation between the two. Yeah yeah, yeah, yeah, yeah.
• 49:21
  Speaker 5: But the dope part about both of them is they're
• 49:26
  Speaker 5: not taxed. The third but there's an advantage.
• 49:29
  Speaker 4: In having them, whereas the first won't see it. Think
• 49:33
  Speaker 4: it's a thousand, one thousand and fifty dollars, it's tax free.
• 49:38
  Speaker 4: Everything from two thousand dollars on up get taxed at
• 49:42
  Speaker 4: a children's rate, which is ten percent, you know what
• 49:45
  Speaker 4: I'm saying. So it's still you know, not you got
• 49:48
  Speaker 4: to pay the taxes, you know what I'm saying on it.
• 49:50
  Speaker 5: But it's still cool because.
• 49:53
  Speaker 4: I think one of the things that our people, our
• 49:56
  Speaker 4: culture have bad and it's again it's not we just
• 49:59
  Speaker 4: got to learn it.
• 50:00
  Speaker 6: We're scared to pay taxes.
• 50:02
  Speaker 4: The first thing somebody be like and I don't won't
• 50:04
  Speaker 4: pay no taxes, when in reality like paying taxing.
• 50:07
  Speaker 5: Me and you're making money, you know what I'm saying.
• 50:10
  Speaker 4: So now you just got to figure out how to
• 50:13
  Speaker 4: decrease the taxes instead of not pay the taxes, you
• 50:16
  Speaker 4: know what I'm saying. So one of the way is
• 50:17
  Speaker 4: you want to decrease taxes on the money you're making. Right,
• 50:20
  Speaker 4: So if you got your child in that UPMA account,
• 50:23
  Speaker 4: right or that you get you're only paying ten percent
• 50:25
  Speaker 4: no matter what it does you're paying ten percent, I'm
• 50:27
  Speaker 4: cool with.
• 50:28
  Speaker 5: That, whereas just regular.
• 50:31
  Speaker 4: Income account that's twenty eight percent, twenty three percent.
• 50:34
  Speaker 6: Like, that's major.
• 50:36
  Speaker 4: So your child now from zero to eighteen or twenty
• 50:39
  Speaker 4: one depending on the state, then paying ten percent and
• 50:42
  Speaker 4: you changing their life, and I'll take that.
• 50:45
  Speaker 2: Yeah, it's powerful.
• 50:46
  Speaker 3: It's powerful, and I think that having a conversation about
• 50:50
  Speaker 3: generational wealth, that's has to be included in there because
• 50:53
  Speaker 3: it's like you have, the first step is investing for yourself.
• 50:56
  Speaker 2: You can't save anybody till you save yourself.
• 50:58
  Speaker 6: That's the fact.
• 50:58
  Speaker 3: But after you say, after you you know, not even
• 51:01
  Speaker 3: save yourself. After you start investing in yourself, now you
• 51:06
  Speaker 3: have to start to invest in your children.
• 51:08
  Speaker 6: That's that's that's what we plug.
• 51:09
  Speaker 5: That's the plug the generation.
• 51:11
  Speaker 6: If you're not doing that, you're selfish.
• 51:13
  Speaker 5: Told us that, man, that's the plug.
• 51:15
  Speaker 4: Like you know, I always said, man, like if I
• 51:18
  Speaker 4: got it out the mud, and I watched my mama
• 51:21
  Speaker 4: get it out the mud, and I watched my grandmother
• 51:24
  Speaker 4: get it out the mud, and I watch everybody around
• 51:26
  Speaker 4: me get out the mud while they let my child
• 51:29
  Speaker 4: get it out the mud.
• 51:31
  Speaker 5: At some point I gotta say, I won't change this, yo.
• 51:34
  Speaker 4: I gotta say, Man, it's different, and I feel like we,
• 51:38
  Speaker 4: you know, we get so caught up in I'm living
• 51:41
  Speaker 4: my best life to what we were trying to enjoy
• 51:44
  Speaker 4: life so much to what you forget about. They got
• 51:46
  Speaker 4: generations that kind of come behind us, you know what
• 51:48
  Speaker 4: I'm saying. So for me, it's a lot of stuff
• 51:50
  Speaker 4: I don't do until I know for sure I've at
• 51:53
  Speaker 4: least secured two generations, you know what I'm saying. And
• 51:57
  Speaker 4: that comes with one educating my daughter, because even if
• 52:03
  Speaker 4: I give her a million dollars, if I ain't educated
• 52:07
  Speaker 4: on what to do with a million dollars, I've now
• 52:10
  Speaker 4: wasted a million dollars.
• 52:12
  Speaker 5: It's a saying that if.
• 52:13
  Speaker 4: You took all the wealth in the world and divided
• 52:16
  Speaker 4: it equally, within ten to fifteen years, the wealthy people
• 52:20
  Speaker 4: will be back in charge because.
• 52:23
  Speaker 6: They know what to do.
• 52:25
  Speaker 5: We get a million dollars and we don't know what
• 52:27
  Speaker 5: to do with it.
• 52:29
  Speaker 4: We back into the famous court I said in the beginning,
• 52:33
  Speaker 4: lions don't tell the gazelles and the zebras how to
• 52:37
  Speaker 4: get away. Why Because now I'm taking food out of
• 52:41
  Speaker 4: my mouth. So as long as I don't tell you
• 52:44
  Speaker 4: how to get away, You're gonna always come back. But
• 52:46
  Speaker 4: if I tell you how to get away, now you're
• 52:49
  Speaker 4: gonna go tell the zebra. Look, it's how to get
• 52:51
  Speaker 4: away from the line, and a zebra gonna go tell
• 52:53
  Speaker 4: the giraffe and the gazelle.
• 52:55
  Speaker 5: Now nobody came.
• 52:56
  Speaker 4: I ain't got no tricks something my sleeve, Whereas if
• 52:59
  Speaker 4: I don't, I don't nobody and not just keep it
• 53:01
  Speaker 4: amongst my people, and we gonna always eat. So I
• 53:04
  Speaker 4: ain't mad at them for not giving us the game.
• 53:06
  Speaker 4: I ain't around here saying, man, they should teach us
• 53:09
  Speaker 4: this in school. No, what I'm gonna do is I'm
• 53:12
  Speaker 4: gonna get the knowledge, right, I'm gonna seek it. I'm
• 53:14
  Speaker 4: gonna go get I'm gonna flip every rock. I'm gonna
• 53:16
  Speaker 4: kick in every day, right, and once I get it,
• 53:20
  Speaker 4: I'm gonna go back and regurgitate it to my daughter
• 53:23
  Speaker 4: at the age of two. What's the stock? What's an asset?
• 53:26
  Speaker 4: What's the liability? Does it make you money?
• 53:28
  Speaker 6: You know? What's real estate?
• 53:30
  Speaker 4: At an early age, I'm having this conversation. So now
• 53:33
  Speaker 4: I'm teaching her a word to date like she's not
• 53:35
  Speaker 4: still when I'm gonna see that then like a word,
• 53:37
  Speaker 4: I'm teaching her two three words a day about just
• 53:39
  Speaker 4: financial literacy. Like the school can do what the school
• 53:42
  Speaker 4: is supposed to do. We're gonna do some of that
• 53:43
  Speaker 4: homework too. But this financial literacy, this was gonna save you.
• 53:46
  Speaker 4: You know what I'm saying. Let me show this was
• 53:48
  Speaker 4: gonna save you family, you know what I'm saying. So
• 53:49
  Speaker 4: I'm teaching her that. So now I've did two things.
• 53:53
  Speaker 4: I've showed her how to make a million through investing it,
• 53:55
  Speaker 4: and I've taught her how to nurture a million with knowledge,
• 54:00
  Speaker 4: because information is defertilizer to your wealth.
• 54:02
  Speaker 6: Man.
• 54:02
  Speaker 5: That's how we say generations with knowledge passing all the money.
• 54:05
  Speaker 6: You won't.
• 54:06
  Speaker 5: Man, if you don't pass no knowledge, you killed them.
• 54:09
  Speaker 2: No, it's a true fact.
• 54:10
  Speaker 3: And it was like, you know, bringing it full circle,
• 54:13
  Speaker 3: you know, bigger than just like I said, just bigger
• 54:15
  Speaker 3: than just a podcast when you reached out to me
• 54:17
  Speaker 3: like we need to really do something to change the world.
• 54:20
  Speaker 3: I hate the word culture because it just gets watered
• 54:22
  Speaker 3: down so much.
• 54:24
  Speaker 2: You know what I'm saying.
• 54:26
  Speaker 5: Yeah, it's like that's a fact.
• 54:28
  Speaker 2: That's a fact.
• 54:29
  Speaker 6: I appreciate you for putting me on.
• 54:31
  Speaker 3: But it was like, you know what I'm saying, let's
• 54:33
  Speaker 3: change the world and the problem. You know, I never
• 54:36
  Speaker 3: understood like until recently, shot to MG the mortgage guy
• 54:40
  Speaker 3: shut out. He he enlightened me on a lot of
• 54:43
  Speaker 3: different things, like you can only put so much information
• 54:47
  Speaker 3: in a podcast. It's just a fact. This is why
• 54:49
  Speaker 3: education is still important. I'm not anti college like people
• 54:52
  Speaker 3: think I'm anti college because I always talk bad about college.
• 54:55
  Speaker 6: I'm not about college all the time.
• 54:57
  Speaker 3: I just feel like a lot of it's just the way,
• 54:58
  Speaker 3: not even college so much, but he education period, education.
• 55:02
  Speaker 7: I'm not.
• 55:03
  Speaker 3: I'm not anti college. I have a college degree, but
• 55:05
  Speaker 3: I just feel.
• 55:06
  Speaker 6: That that say that again.
• 55:09
  Speaker 2: Man, know everybody know I have a college I'm saying
• 55:11
  Speaker 2: like I didn't know that.
• 55:12
  Speaker 6: Bro, Yeah I have people people you know.
• 55:15
  Speaker 2: I went to Hawaii play basketball.
• 55:16
  Speaker 6: I forgot you.
• 55:18
  Speaker 5: I thought you was like on something.
• 55:21
  Speaker 7: People got that misusception. Even like today they was just like, yo,
• 55:25
  Speaker 7: you know that.
• 55:25
  Speaker 6: I I'm like you went to school to like we
• 55:27
  Speaker 6: both had education as a background for us foundation.
• 55:31
  Speaker 2: I finished in three years.
• 55:33
  Speaker 6: Bro.
• 55:33
  Speaker 5: I keep telling y'all listen, I'm not a financial.
• 55:39
  Speaker 6: He could take you the glory Man graduated.
• 55:42
  Speaker 2: But with Mickey Fact. Shout out to Mickey Fast is
• 55:45
  Speaker 2: one of my favorite bar.
• 55:47
  Speaker 6: Yeah, that's hard.
• 55:48
  Speaker 3: When he came on and he spent the freestyle for
• 55:50
  Speaker 3: us and he said, formal education will get you a portion,
• 55:54
  Speaker 3: but self education will make you a fortune. And that's
• 55:57
  Speaker 3: my life. Like, if I had to rely on my
• 55:59
  Speaker 3: college to read right now, be in trouble. Just honestly speaking,
• 56:02
  Speaker 3: I'll be in trouble. So it's the things that I
• 56:05
  Speaker 3: learned outside of college, including earn at Lisia. Like just
• 56:09
  Speaker 3: in the last twelve and eighteen months, Like you know
• 56:11
  Speaker 3: what I'm saying, that has literally literally changed the trajectory
• 56:15
  Speaker 3: of my not only my life, my son's life and
• 56:18
  Speaker 3: God willing his children's lives. Like you know what I'm saying,
• 56:21
  Speaker 3: Like it literally has changed. You see people would have
• 56:25
  Speaker 3: it's not a facade. If you follow all of us
• 56:29
  Speaker 3: on Instagram, you see the growth that's a fact only
• 56:32
  Speaker 3: through education. So it's like when you came to me
• 56:35
  Speaker 3: and you was like, yo, bro, let's do something. We're
• 56:37
  Speaker 3: going back and forth. I'm like, let's do a podcast.
• 56:39
  Speaker 3: You're going through a podcast, right, You're going to do
• 56:41
  Speaker 3: any I think the hard part when people get into
• 56:45
  Speaker 3: podcast is that you hear information, it becomes overload, and
• 56:48
  Speaker 3: some people are going to act on it, but unfortunately
• 56:50
  Speaker 3: a lot of people, it's just it's just not enough,
• 56:54
  Speaker 3: like you kind of need. And that's the good thing
• 56:55
  Speaker 3: about school is like you need that certain level of
• 56:58
  Speaker 3: like a tutor to like walk you through it, and
• 57:01
  Speaker 3: here's a screen share on the website and show you
• 57:04
  Speaker 3: and like how to open an account and like what
• 57:08
  Speaker 3: stock to like sometimes you got to hold the person's hand. Unfortunately,
• 57:11
  Speaker 3: in one hour even two hours, it's just not enough
• 57:14
  Speaker 3: time to do that. So we're like, how do we
• 57:16
  Speaker 3: do this? So he was going back and forth and
• 57:18
  Speaker 3: this is the first time ever Early leads the history
• 57:20
  Speaker 3: where we actually collaborated with somebody and put together I
• 57:23
  Speaker 3: don't even want to call it a curriculum. I don't
• 57:25
  Speaker 3: want to call it a program. It's really a manual. Yeah,
• 57:28
  Speaker 3: we put together a manual for generational wealth called the
• 57:32
  Speaker 3: Family Pack, and it was just like the idea was
• 57:36
  Speaker 3: just crazy, and it's like you was like, yo, I
• 57:40
  Speaker 3: need you on it too, like as an advice, I
• 57:44
  Speaker 3: need you on it. So I'm like, all right, So
• 57:47
  Speaker 3: we talk about dividends. You talk about reach, you'd give
• 57:50
  Speaker 3: them like five growth stocks to pick mutual funds. I
• 57:55
  Speaker 3: break down a mutual fund play because a lot of
• 57:56
  Speaker 3: times people have the wrong misconceptions about mutual funds. But
• 57:59
  Speaker 3: you can actually make a lot of money on the
• 58:01
  Speaker 3: right mutual funds. Sometimes you don't even have to pay
• 58:04
  Speaker 3: the knock on mutual funds that you pay a lot
• 58:06
  Speaker 3: of money, but sometimes you don't have to pay that.
• 58:08
  Speaker 3: If you know what you're doing, you get no load fund.
• 58:10
  Speaker 3: And there's things that nation and we want you broke
• 58:12
  Speaker 3: that down. Broke down index fund, broke down five to
• 58:14
  Speaker 3: twenty nine plans, Please our plans is crazy because it's
• 58:18
  Speaker 3: like boke about five to twenty nine plans. But it's like,
• 58:21
  Speaker 3: you know, there's like thirty something states where you can
• 58:23
  Speaker 3: actually get a tax benefit, but then there's like six states.
• 58:26
  Speaker 3: But those thirty states, you have to actually live in
• 58:29
  Speaker 3: that state, and the five to twenty nine plan has
• 58:31
  Speaker 3: to be in that state. But then it's like six
• 58:33
  Speaker 3: states where you can actually invest in anybody's state five
• 58:36
  Speaker 3: to twenty nine plan and you can still get a
• 58:38
  Speaker 3: tax break. So it's just like it's just always so
• 58:41
  Speaker 3: many different levels of onions to peel back, and then
• 58:44
  Speaker 3: we went over to trust, Yes, and we broke that.
• 58:46
  Speaker 3: It's the first time ever I broke down life insurance
• 58:49
  Speaker 3: and actually like showed somebody like how I look at
• 58:53
  Speaker 3: it as an advisor, like the access that I'm privy to,
• 58:56
  Speaker 3: which is like you don't have that as a regular person, like,
• 58:59
  Speaker 3: and I kind of like went.
• 58:59
  Speaker 5: Through that, and I broke down the Dynasty trust.
• 59:02
  Speaker 3: And Dynasty trusting to keep going.
• 59:09
  Speaker 2: It was the whole thing. Man.
• 59:10
  Speaker 3: It was like we actually gave the formula and different
• 59:15
  Speaker 3: how to make your child a millionaire, guarantee the investments,
• 59:18
  Speaker 3: and it was like that alone took like a half
• 59:20
  Speaker 3: an hour to actually explain. It's like it's like a
• 59:22
  Speaker 3: whole thing, but it's just something like I said, it's
• 59:26
  Speaker 3: like if we put that like we would have to
• 59:29
  Speaker 3: literally through ten podcasts.
• 59:31
  Speaker 6: And you still might miss something whole season.
• 59:33
  Speaker 3: And I'm saying that nobody's really gonna sit for ten
• 59:35
  Speaker 3: podcasts that have to be like his own Wall Street
• 59:38
  Speaker 3: Trapper or your Lisha show.
• 59:41
  Speaker 2: So talk about talk about talk about the family pack.
• 59:46
  Speaker 4: So for me, you know, the reason why I really
• 59:48
  Speaker 4: came you with the idea is, you know, this last year.
• 59:50
  Speaker 6: It was a lot of growth for me.
• 59:53
  Speaker 4: And I realized that, yo, like I can talk about
• 59:56
  Speaker 4: a lot of stuff because it's as you as you
• 1:00:01
  Speaker 4: start learning more knowledge, you start seeking more knowledge, right,
• 1:00:04
  Speaker 4: And I realized how knowledgeable you were, and we was
• 1:00:08
  Speaker 4: having dual conversations. So for me, it was like, bro,
• 1:00:10
  Speaker 4: like like we can change something, but we're gonna have to.
• 1:00:15
  Speaker 6: Walk them through.
• 1:00:15
  Speaker 3: It was like we gotta, we gotta have to because
• 1:00:19
  Speaker 3: you like, Yo, they still not getting it, Like they're
• 1:00:21
  Speaker 3: still not getting it, and like people come up to.
• 1:00:23
  Speaker 2: Me but still don't get it.
• 1:00:25
  Speaker 3: Bro, Like we literally have to walk there, hold their
• 1:00:29
  Speaker 3: hands and walk them through this.
• 1:00:30
  Speaker 5: And that's okay.
• 1:00:31
  Speaker 2: Now it's okay.
• 1:00:32
  Speaker 5: And the reason why it's okay.
• 1:00:33
  Speaker 4: And I see people get frustrated all the time, Like
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  Speaker 4: I see people on Instagram saying stuff like I.
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  Speaker 5: Told you this, why are you doing it?
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  Speaker 4: I'm like, Yo, you're an educator, like everybody sitting in
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  Speaker 4: the class learn different.
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  Speaker 5: You know what I'm saying. So I was like, we
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  Speaker 5: gotta walk them through it.
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  Speaker 4: One is because you don't know what you don't know
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  Speaker 4: until you exposed to it.
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  Speaker 6: Right.
• 1:00:56
  Speaker 4: I remember my first time cooking up, bro, I burned it,
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  Speaker 4: the water turned brown. I had to call my at
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  Speaker 4: and she had to like show me what I was doing.
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  Speaker 4: But she played me because she took a lot of
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  Speaker 4: you know, she she took the.
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  Speaker 6: Shake out of it.
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  Speaker 4: She charged me for it, and she played me. And
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  Speaker 4: by the time I got what she left me with,
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  Speaker 4: it was just enough to get another package. But because
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  Speaker 4: she walked me through it, I ain't need none more.
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  Speaker 4: So I was a l I took, but it was
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  Speaker 4: a learning lesson, you feel what I'm saying.
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  Speaker 5: So for me, I feel like over the last year, we've.
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  Speaker 4: Made financial literacy, investing in the stock market and all
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  Speaker 4: the great breakdowns that y'all do every Tuesday and every Monday,
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  Speaker 4: we've now piqued people's interests. People understand now, especially with
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  Speaker 4: this pandemic. They're like, yo, I gotta do something else,
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  Speaker 5: My partner is now like, bro, I just.
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  Speaker 6: Bought some apple.
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  Speaker 4: but I don't know what to do. All right, Cool,
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  Speaker 4: That's what this wealth pack is about. It's about saying, Okay,
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  Speaker 4: I made the mistakes for you.
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  Speaker 2: Hopefully, hopefully you don't have to do that.
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  Speaker 4: Butha'm gonna make sure you ain't gonna do it. See,
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  Speaker 4: if I just tell it to you, you're still liable
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  Speaker 4: to make the mistakes because you're trying to replay what
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  Speaker 4: getting it. I can tell you watch out for that whole,
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  Speaker 4: but it's so many other things going on.
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  Speaker 5: You still fall in the whole.
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  Speaker 4: But now if I grab your hand and say look,
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  Speaker 4: You're like, okay, let me step over the whole. Right,
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  Speaker 4: So it's important. It was important for me to say,
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  Speaker 4: let's shift gives. Let's not just tell them, let's lead them.
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  Speaker 7: And what makes it so impressive is that you know,
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  Speaker 7: most times people, you know, they take programs, they take
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  Speaker 3: It's the most selfless act you can give. So I mean,
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  Speaker 8: An illegal alien from Guatemala charged with raping a child
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  Speaker 8: Donald J. Trump's leadership. I'm Christy Noman, the United States
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  Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 8: crossings are at the lowest levels ever recorded, and over
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  Speaker 8: one hundred thousand illegal aliens have been arrested. If you
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