Latest / Earn Your Leisure / The Brutal Truth About Sports Betting vs Investing

Transcript

The Brutal Truth About Sports Betting vs Investing · Earn Your Leisure

• 0:00
  Speaker 1: And I'm going to ask you guys this question because
• 0:02
  Speaker 1: I was listening to some music and listening to a
• 0:04
  Speaker 1: Ross interview. When do we go back from by back
• 0:08
  Speaker 1: to block? And you guys talked about this with Merrow right,
• 0:12
  Speaker 1: and I think you made a great point that the
• 0:14
  Speaker 1: gambling epidemic will be equal to or surpass the crack epidemic.
• 0:19
  Speaker 1: When do we go from wanting generational wealth to gambling overnight?
• 0:27
  Speaker 2: You want to start?
• 0:28
  Speaker 1: I mean it hit like it hit almost in a
• 0:33
  Speaker 1: three month window where everybody just said forget anything long term,
• 0:36
  Speaker 1: I'm living for today.
• 0:39
  Speaker 3: Yeah, when you think of that about the time, especially
• 0:42
  Speaker 3: with the Bye Black the block and you talk about
• 0:44
  Speaker 3: four to four four From cultural moments, Nipsey, obviously Rest
• 0:48
  Speaker 3: in Peace was a part of that movement. There was
• 0:50
  Speaker 3: a shift that was happening definitely in our culture for sure,
• 0:52
  Speaker 3: and obviously in our community. Our platform gets launched in
• 0:56
  Speaker 3: twenty nineteen, market Mondays is in twenty There are pivotal
• 1:01
  Speaker 3: moments in terms of the idea of what we should
• 1:04
  Speaker 3: be doing with our money, how we should be invested
• 1:06
  Speaker 3: in it, how should we be treated learning about entrepreneurship, business,
• 1:10
  Speaker 3: all those things, and so at the same time, you
• 1:13
  Speaker 3: get companies like Flutter, which is the owner of FANDU
• 1:19
  Speaker 3: and draftings.
• 1:21
  Speaker 2: They ipo in the market, right.
• 1:24
  Speaker 3: And so you're fighting this uphill battle to educate people
• 1:27
  Speaker 3: about what to do with money while there is a billion,
• 1:31
  Speaker 3: multi billion dollar push to push gambling sports betting, and
• 1:37
  Speaker 3: now what we have.
• 1:38
  Speaker 2: Is predictive markets.
• 1:40
  Speaker 3: People want to make money fast, and they want to
• 1:43
  Speaker 3: make it in a hurry. And when people obviously with
• 1:48
  Speaker 3: the things that we know in our community is sports
• 1:51
  Speaker 3: and entertainment, right, and if we can make money quick
• 1:53
  Speaker 3: from not playing sports but being involved in betting in it,
• 1:56
  Speaker 3: then people are going to do that because it's gamified.
• 1:59
  Speaker 3: It's kind of the you know, the scarlet letter that
• 2:02
  Speaker 3: they used to put on Robinhood. You're making this too fun,
• 2:05
  Speaker 3: you're making this gamified, you're making it addictive where people
• 2:08
  Speaker 3: are going to treat it like gambling. So you put
• 2:11
  Speaker 3: all those things in the gumbo pot. The idea that
• 2:14
  Speaker 3: people are hurting. People are losing jobs. You know, obviously, infation,
• 2:18
  Speaker 3: living wages, the price of anything from gas the grocery
• 2:22
  Speaker 3: has going up. People are trying to figure out how
• 2:24
  Speaker 3: can I make money fast? And when we don't know
• 2:27
  Speaker 3: what to do. We go back to the things that
• 2:29
  Speaker 3: we've seen historically, whether it was playing a lotto, whether
• 2:33
  Speaker 3: it was a number runner. Now obviously younger and younger
• 2:37
  Speaker 3: people are doing sportsban How can we make money fast?
• 2:40
  Speaker 2: How can we give our money away? Because we don't
• 2:42
  Speaker 2: know what to do with it.
• 2:43
  Speaker 3: Then you put in the music, you put in the
• 2:45
  Speaker 3: advertisement inside of the cultural significant pieces of media in
• 2:50
  Speaker 3: our community.
• 2:51
  Speaker 1: It's a great choice of words.
• 2:55
  Speaker 3: It's a calculated mission that has been working effectively, and
• 2:59
  Speaker 3: it's one that we can bat every single day.
• 3:01
  Speaker 4: Public services, public services, please because I want to, just
• 3:05
  Speaker 4: because this is something that Okay, let's let's address this
• 3:09
  Speaker 4: for the for the crowd that continuously says, well, you
• 3:13
  Speaker 4: guys talk about investing and the stock market, and that
• 3:18
  Speaker 4: is gambling. Technically, that is gambling. So you're trading one
• 3:21
  Speaker 4: casino for another.
• 3:22
  Speaker 2: So nice.
• 3:23
  Speaker 4: So let's let's go through the numbers. If you sports
• 3:27
  Speaker 4: bet right, this is look axat GBT. If you don't
• 3:30
  Speaker 4: believe me, you have a ninety to ninety seven percent
• 3:34
  Speaker 4: chance of losing long term and sports betting ninety to
• 3:37
  Speaker 4: ninety seven percent long term chance that you'll lose money
• 3:41
  Speaker 4: if you if you sports bet if you invest in
• 3:43
  Speaker 4: the S and P five hundred over the course of
• 3:46
  Speaker 4: any rolling twenty year period, do you what do you
• 3:49
  Speaker 4: think your chance has been to lose money? If you
• 3:53
  Speaker 4: invest in the S and P five hundred over a
• 3:54
  Speaker 4: twenty year rolling period, of any twenty year rolling period,
• 3:58
  Speaker 4: what was your chance of losing money?
• 4:00
  Speaker 2: Zero? Zero percent.
• 4:02
  Speaker 4: So this is this is important because we really got
• 4:03
  Speaker 4: to educate the audience and we told you this for
• 4:06
  Speaker 4: six years. This is actually the final call. So violent listen,
• 4:12
  Speaker 4: this is the final call. You have a ninety to
• 4:15
  Speaker 4: ninety seven percent chance of losing in sports betting over
• 4:19
  Speaker 4: the course of the long term. You have a zero
• 4:23
  Speaker 4: chance of losing money if you invest in the S
• 4:27
  Speaker 4: and P five hundred over any twenty year rolling period. Now,
• 4:33
  Speaker 4: do you have a high probability of losing money day trading? Yes,
• 4:37
  Speaker 4: you do, sure, but this is market mondays, It's not
• 4:39
  Speaker 4: day trading mondays, for sure. I always say investing is
• 4:44
  Speaker 4: a game of knowledge. Gambling is a game of chance.
• 4:48
  Speaker 4: Investing can become synonymous with gambling when you replace knowledge
• 4:53
  Speaker 4: and you use chance. So when you just put money
• 4:55
  Speaker 4: on some random crypto or you just do a zero
• 4:58
  Speaker 4: day option.
• 4:59
  Speaker 2: You can turn.
• 5:00
  Speaker 4: Investing into gambling, but that's never been what we have championed.
• 5:06
  Speaker 4: If you invest in the S and P five hundred,
• 5:09
  Speaker 4: if you invest in Microsoft, if you invest in Google,
• 5:12
  Speaker 4: if you invest in in video and you hold them
• 5:14
  Speaker 4: at QQQ for a long periods of time, it's almost
• 5:18
  Speaker 4: impossible for you to lose money. Even I'm only saying
• 5:23
  Speaker 4: almost for compliance reasons. So once again, for the crew
• 5:30
  Speaker 4: that we got to tell the same thing to every
• 5:33
  Speaker 4: single day for seven years, investing and gambling are not
• 5:39
  Speaker 4: the same thing. If you put ten thousand dollars into
• 5:42
  Speaker 4: the S and P five hundred ten years ago, you
• 5:46
  Speaker 4: would you any amount of money that you gambled, you
• 5:50
  Speaker 4: would have completely lost. Right a twenty year timeframe, twenty
• 5:54
  Speaker 4: years ago to now, the S and P you would
• 5:57
  Speaker 4: have had, you would have seventy thousand dollars if you
• 5:59
  Speaker 4: put ten thousand in. And for the crew, that's like, well,
• 6:01
  Speaker 4: that's not a lot of money. The average black person
• 6:03
  Speaker 4: has a network for forty four thousand. So we have
• 6:07
  Speaker 4: to be we have to put things in perspective. Gambling
• 6:09
  Speaker 4: is not a pathway to build wealth. It will only
• 6:12
  Speaker 4: leave you broke. But that's the numbers. That's the statistics.
• 6:15
  Speaker 4: So if you keep saying and for you guys in
• 6:17
  Speaker 4: the comments, you got it. You gotta be the warriors.
• 6:19
  Speaker 4: That's what I'm saying. You don't have to fight fives.
• 6:23
  Speaker 4: You gotta fight for other.
• 6:25
  Speaker 2: People are notated.
• 6:27
  Speaker 4: You look, there's a responsibility that comes with being educated.
• 6:30
  Speaker 4: The people that watch market Mondays are part of the
• 6:33
  Speaker 4: enlightened few. Don't ever think that these are the masses
• 6:36
  Speaker 4: of people. You're part of the enlightened fu Ignorance is bliss.
• 6:40
  Speaker 4: So when you come across ignorance, it's time. You got
• 6:44
  Speaker 4: to use your platform to combat the ignorance and teach
• 6:48
  Speaker 4: people because you actually have a responsibility once you're educated.
• 6:54
  Speaker 1: Drake really quick to you, my brother, I love you
• 6:56
  Speaker 1: from the bottom of my heart. If you go to
• 6:58
  Speaker 1: Google or had sho btianthropic any twenty year period into
• 7:03
  Speaker 1: the state of the pores index five hundred, whether you
• 7:06
  Speaker 1: bought up the top the median level or a deviation down,
• 7:11
  Speaker 1: you had no losses. Also, if I can read off
• 7:13
  Speaker 1: a couple quick stats, if you if you hold for
• 7:15
  Speaker 1: fifteen years and Vidia's return fifty seven thousand percent, Tesla
• 7:20
  Speaker 1: twenty thousand percent, broad Com fourteen thousand percent, Axon thirteen
• 7:24
  Speaker 1: thousand percent, Micron twelve thousand percent, Seegate nine thousand percent,
• 7:29
  Speaker 1: Eli Lilly four thousand percent, Apple two thousand percent, Alphabet
• 7:33
  Speaker 1: twenty six hundred percent.
• 7:34
  Speaker 2: Let's go to some non favorable ones.
• 7:36
  Speaker 1: D R Horton thirteen hundred percent, uh TJ Max twelve
• 7:41
  Speaker 1: hundred and fifty percent return ross eleven hundred percent. If
• 7:45
  Speaker 1: you hold for the long term, you would become wealthy.
• 7:48
  Speaker 1: But they advertised to our community that the way to
• 7:51
  Speaker 1: get rich is to flip quickly when they're holding everything
• 7:54
  Speaker 1: for a long period of time.
• 7:55
  Speaker 2: Please hold for the long term. I love y'all from
• 7:59
  Speaker 2: the bottom of my heart, and like what Shan said,
• 8:01
  Speaker 2: this is the.
• 8:01
  Speaker 4: Final call, Final call, final call.
• 8:04
  Speaker 2: Please. I didn't offend anybody there, guys.
• 8:07
  Speaker 4: Man, we're not going to keep saying the same thing
• 8:09
  Speaker 4: over and over again for years.
• 8:11
  Speaker 2: Yeah, man, I think we we've covered it.
• 8:13
  Speaker 3: We wrote an entire book and there's a chapter on
• 8:16
  Speaker 3: the differences between investing and gambling. I think shout out
• 8:19
  Speaker 3: to to Marrow. I thought that was a dope episode,
• 8:21
  Speaker 3: but we break down the differences there. People understand it.
• 8:25
  Speaker 3: They just don't participate and people don't understand it.
• 8:29
  Speaker 2: A lot of people don't the mass majority, I would agree, no, yeah, no, no, yeah.
• 8:37
  Speaker 1: And also I'll say this, stop letting people put flashy
• 8:41
  Speaker 1: things online to induce you to do things because the
• 8:45
  Speaker 1: wealth is not there. The important thing to ask is
• 8:47
  Speaker 1: what's the networth. I see a lot of people trying
• 8:50
  Speaker 1: to induce people in all the trips and dah dah,
• 8:52
  Speaker 1: dah dah. But that's how we get brought into a scam.
• 8:57
  Speaker 1: And then a year later everyone's like, well, how could
• 8:59
  Speaker 1: this go wrong? The net worth story tells the real story.
• 9:04
  Speaker 1: Hold for the long term, and any business that you're in,
• 9:07
  Speaker 1: all the games are there. And for those who are like,
• 9:09
  Speaker 1: well I need money now, I feel you. But every
• 9:12
  Speaker 1: company who knows that you need money now are robbing
• 9:15
  Speaker 1: you to make themselves rich. And I've talked to a
• 9:18
  Speaker 1: couple of people at these companies. They take the money
• 9:21
  Speaker 1: and put it right into the indexes and too QQQ.
• 9:25
  Speaker 1: Hold for the long term.
• 9:27
  Speaker 2: Yeah, there's a reason why that they're publicly traded.