Latest / Money And Wealth With John Hope Bryant / The Best Of: Money & Wealth

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The Best Of: Money & Wealth · Money And Wealth With John Hope Bryant

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Speaker 1: Peace of the planet, Charlamagne to God here and as
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Speaker 1: we come close to the closing out this year, I
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Speaker 1: just want to say thank you for tuning it into
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Speaker 1: the Black Effect podcast network. There have been so many
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Speaker 1: great moments over the past year. Take a listen to
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Speaker 1: some of those captivating moments in this special best of episode.
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Speaker 2: In order to be successful, you've got to not just
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Speaker 2: have the money, not just have access to the capital.
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Speaker 2: And I just have a great idea, a great business,
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Speaker 2: great hustle. You have to have the right mindset. I
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Speaker 2: was at dinner last night with my wife Shaeitra, and
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Speaker 2: it was a late dinner. You know, it was close
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Speaker 2: to midnight because I had on a Saturday two speeches.
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Speaker 2: And I could have complained about that and wine and
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Speaker 2: Mona could say that, you know, I've got high class problems,
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Speaker 2: and God gave me relevancy and a chance to make
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Speaker 2: a difference and just accept that and be thankful. So
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Speaker 2: I went to my first speech and did that and
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Speaker 2: went to my second that was for Van Jones on
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Speaker 2: artificial intelligence here in Atlanta. I went to my AI academy,
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Speaker 2: went to this an operation of hope. Did that help
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Speaker 2: him with the AI Ethics Council, which is coming by
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Speaker 2: the way, my work with Sam Aulman. Then I went
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Speaker 2: to the second speech. I went to my office work
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Speaker 2: the little bit, when changed clothes, took seed on. Went
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Speaker 2: to the second speech on Saturday night for the Black
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Speaker 2: Coffee Company, which I, you know, talked about earlier and
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Speaker 2: to encourage other investors to double down with them and
1:12
Speaker 2: encourage them. And so anyway, we went to a late
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Speaker 2: dinner and I'm sitting there waiting for my wife to
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Speaker 2: show to come from the She went to the restroom
1:21
Speaker 2: to wash her hands and whatever, and his brother walks
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Speaker 2: over to me and I can see him by the
1:24
Speaker 2: side of my eye and I sort of know what
1:27
Speaker 2: this is now is you know, he's about to approach me,
1:30
Speaker 2: which is all good. I don't mind. And he said, look,
1:32
Speaker 2: my guy, he did like a you know in these
1:36
Speaker 2: celebrity things that you know, where the rock star, the
1:39
Speaker 2: celebrity dude sends somebody else over with a message.
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Speaker 3: It's crazy. So he says to.
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Speaker 2: His my buddy over here has a finance company, black guy,
1:48
Speaker 2: all of them are black, and he wants to come
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Speaker 2: talk business with you. That's okay. I said, well, you know,
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Speaker 2: I'm sort of. So I waved the dude right the
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Speaker 2: other guy, I say hello to the guy in front
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Speaker 2: of me. They're five feet from me. The other guy
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Speaker 2: he just sort of barely nods like he's some rock star. Okay, whatever, whatever,
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Speaker 2: whatever fumes you're on, whatever you're tripping on, that's is
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Speaker 2: your right. But I'm really unimpressed now. So I'm impressed
2:11
Speaker 2: with the dud who came over to me. He's very respectful.
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Speaker 3: It is to look.
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Speaker 2: I'm on the day with my wife. I hope you
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Speaker 2: don't mind. I'm not gonna I'm an interested talking business
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Speaker 2: right now. He said, no problem, much respect, and he
2:20
Speaker 2: always goes over. Now, what the move would have been
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Speaker 2: for the other guy is for him to gut get
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Speaker 2: his lazy rear in up, sorry, get his tail up.
2:29
Speaker 2: And because love is work, non love is laziness. Anti
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Speaker 2: love is evil. Evil exist, but it's very rare. Most
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Speaker 2: people are just lazy, intellectually lazy, spiritually lazy, emotionally lazy,
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Speaker 2: financially lazy. They want somebody else to do the work.
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Speaker 2: He could have got up said to his lady, excuse me, baby,
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Speaker 2: I want to go say a low to him, come over.
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Speaker 2: Shook my hand look me in the ia man. I
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Speaker 2: heard what you said. All good. I should come over
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Speaker 2: myself to begin with my bad you know. Respect you're
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Speaker 2: out of date, so we you know, I just you
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Speaker 2: know whatever, respect, your work, whatever. I hope we can
2:57
Speaker 2: catch up sometimes later I would have said, what's your name?
3:00
Speaker 2: That would have been that would impress me. I would
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Speaker 2: remember him, and maybe even he had given him my
3:05
Speaker 2: information to connect with me later or one of my
3:07
Speaker 2: you know, senior leaders in my office. But he missed
3:09
Speaker 2: that whole memo. He missed the opportunity because what Ambasator
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Speaker 2: Jung said is so true. Men and women fail for
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Speaker 2: three reasons. Arrogance, pride, in greed mindset. It wasn't about
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Speaker 2: whether he had a successful business or all that stuff.
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Speaker 2: You know, whether he's making money, I can kill. That's
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Speaker 2: when he's making money. I don't want your money. I
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Speaker 2: got my own, all right. All money is his freedom
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Speaker 2: and I got the freedom and not be interested.
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Speaker 3: Hello.
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Speaker 2: But he wanted to combine attitude because I wouldn't talk
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Speaker 2: to him, So he didn't say anything to me for
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Speaker 2: the rest of the evening, and I could care less.
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Speaker 2: And when he got up, I just thought it was
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Speaker 2: a test. When he got up, I thought he'd stop over.
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Speaker 2: I hoped he would for his sake, not mine. Did
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Speaker 2: he stop over? Say yo man, blah blah blah blah,
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Speaker 2: or you know something? Nothing ignored me walked out the
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Speaker 2: door because I would not speak to him earlier.
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Speaker 3: You're not hurting me.
3:53
Speaker 2: You're hitting examples like that as you're hitting your face
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Speaker 2: against my fists. I'm not trying to pick a fight
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Speaker 2: emotionally at the actually with anybody. I'm just saying that
4:01
Speaker 2: on the right way to handle it. You won the
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Speaker 2: battle and the loss of the war. I don't even
4:04
Speaker 2: know who you won the battle. Don't even though sure
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Speaker 2: what the battle was. I was in minding my own business,
4:07
Speaker 2: having dinner. You heard my feelings one little bit, but
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Speaker 2: you didn't give my information, you didn't give my number,
4:12
Speaker 2: you didn't get my help. We're not going to do business,
4:14
Speaker 2: and I won't remember you. I don't even remember you.
4:17
Speaker 2: I remember the first guy, I will not remember the second,
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Speaker 2: not in a positive way. Nobody owes you anything. Stop
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Speaker 2: walking around entitled. Like the story of the young lady
4:26
Speaker 2: I mentioned earlier in the trending topic who her girlfriends
4:30
Speaker 2: thought that that boy owed her all expense freight. Anyway,
4:34
Speaker 2: I don't want to pee. This frustrates me to even
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Speaker 2: think about it. Okay, here's a fan question. This was
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Speaker 2: a good podcast, wasn't it. It wasn't boring. Here's a
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Speaker 2: purple Indian woman. Purple Indian woman from Instagram. Purple Indian woman,
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Speaker 2: what are the best options for my two children? My
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Speaker 2: two daughters to start saving and investing now age twenty
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Speaker 2: five and sixteen? First of all, I'm glad you don't
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Speaker 2: think it's too late at twenty five to start investing
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Speaker 2: in sixteen. Certainly it's not too late. The answer to
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Speaker 2: this question, Purple Indian woman on Instagram, is the best
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Speaker 2: option for your two daughters is now and with you.
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Speaker 2: It's not about whether it's an index fund or this,
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Speaker 2: or stocks or real estate or fractual investing or bitcoin
5:13
Speaker 2: or current cryptocurrency or whatever it is you want to do.
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Speaker 2: Start a business grat and it's important that they do
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Speaker 2: it with you. Get this book and read it with them,
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Speaker 2: Assign chapters to them. Let's come back and have a
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Speaker 2: family meeting about money, because the lights don't come on
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Speaker 2: by themselves. Have a discussion about this every week, about
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Speaker 2: money around financial listening for all, I want to see
5:32
Speaker 2: that book dog cared and beat up and the page
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Speaker 2: is ripped and highlighted right, and you want to start
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Speaker 2: a conversation, have dinner together, what a concept once again
5:41
Speaker 2: once a week and have a kitchen conversation about money
5:44
Speaker 2: using the book as a discussion starter, and try to
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Speaker 2: get keep the spaghetti and the ribs.
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Speaker 3: Off, the ribs us off the book. And then let
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Speaker 3: them see how you roll.
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Speaker 2: Let show them your four oh one K account, show
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Speaker 2: them your real estate portfolio, show them your bills, like,
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Speaker 2: let them model what you do, because we model what
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Speaker 2: we see. That's the most important thing you can do
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Speaker 2: for your child is to be the role model that
6:10
Speaker 2: they want to be, because that's who they see in
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Speaker 2: the world. You want to find a good man. Yeah,
6:15
Speaker 2: the generalization, I'm generalizing, but this is this is mostly true.
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Speaker 2: And yes they're exception to this rule. So don't pick
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Speaker 2: a fight with me saying I know examples where this
6:24
Speaker 2: is not the case.
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Speaker 3: I know you do.
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Speaker 2: You want to find a good woman, Find a woman
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Speaker 2: who's got a great relationship with her dad. You want
6:30
Speaker 2: to find a good man, Find a man who's got
6:32
Speaker 2: a good relationship with his mother. They are exceptions is
6:35
Speaker 2: these rules. But what you and you really want. You know,
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Speaker 2: when I talk to somebody and I'm looking at him
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Speaker 2: there and their eyes are clean and they're they're positive,
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Speaker 2: they're looking at me, I can tell they had it
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Speaker 2: mom and a dad, or I can tell that a
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Speaker 2: strong ulture strong mom or an ultra strong dad that
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Speaker 2: really grounded them and balance out the fact that the
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Speaker 2: other mate wasn't there. You really mom and dad. But
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Speaker 2: you can, you can over index like my mother did.
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Speaker 2: My dad did it when I was with him and
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Speaker 2: when I move for my mother to be with him.
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Speaker 2: So give him credit. But my mother really was a
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Speaker 2: grounding sense situation. And she was a single mother, just
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Speaker 2: like seventy percent of all black households, and she told
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Speaker 2: me she loved me every day of my life and
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Speaker 2: I believed it. So look, you can survive, you can
7:19
Speaker 2: chill and still succeed. But why would you want to right?
7:23
Speaker 2: Why you don't want to just survive? You want to
7:24
Speaker 2: thrive and you want to win. And stop saying these
7:27
Speaker 2: kids that you're a baby daddy and your baby mama. Right,
7:30
Speaker 2: you're messing up these kids head, messing with their self esteem.
7:32
Speaker 2: Say you're a mommy. You're the mother or their father,
7:35
Speaker 2: and you're proud of them. When they screw up, you say,
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Speaker 2: I'm mad at you. I'm upset with you. You future lawyer, you,
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Speaker 2: future entrepreneur, you, future business owner, you future engineer. I'm
7:46
Speaker 2: upset with you, and I'm going to hold you accountable.
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Speaker 2: Now let's go to dinner. I'm gonna hold you accountable.
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Speaker 2: And here's your penalty for screwing up. Kids need love
7:54
Speaker 2: and accountability, love and responsibility. You can't just you can't
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Speaker 2: just let kids walk away from their accountability. You end
8:02
Speaker 2: up with punks, you know, with a mess on your hands.
8:05
Speaker 2: They need to learn the word. No. You're not their
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Speaker 2: best friend, you're their parent. Oh, don't let me get
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Speaker 2: me started. It's a whole other podcast. People make the
8:16
Speaker 2: mistake of thinking that being smart enough is enough.
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Speaker 3: It's not.
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Speaker 2: Good habits are more important than being smart. Actually, you
8:25
Speaker 2: can't be a dummy, let me make that clear. And
8:27
Speaker 2: everybody who can get a college education should get one.
8:31
Speaker 2: But let me be clear, you must have good habits
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Speaker 2: in order to be successful. I'm going to do an
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Speaker 2: entire podcast on having good habits, but at the moment today,
8:40
Speaker 2: I want to absolutely remove this stigma about failure. Failure
8:47
Speaker 2: does not mean that you are a failure. It means
8:50
Speaker 2: you failed at something. It means that there was an
8:52
Speaker 2: outcome to experiment that was not successful. It doesn't define
8:57
Speaker 2: who you are. It just says, this is what I
8:58
Speaker 2: went through. It's it's it's on the path to where
9:01
Speaker 2: you're going again. Rainbows only follow storms. Success, as I
9:05
Speaker 2: said earlier, is going from failure to failure without loss
9:08
Speaker 2: of enthusiasm, over to rounded through what you're going to
9:10
Speaker 2: have to get to it. Success, as I keep saying,
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Speaker 2: is going from failure to failure without loss of enthusiasm.
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Speaker 2: It doesn't define you. Life is ten percent what life
9:19
Speaker 2: does to you in ninety percent how you choose to
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Speaker 2: respond to it. What's your response is going to be?
9:25
Speaker 2: You don't react to what you respond You come right
9:28
Speaker 2: at it. You go. You come right at it, not
9:31
Speaker 2: over to round it. You know, don't avoid it. You're
9:33
Speaker 2: coming right to face it. Because what is a killion
9:37
Speaker 2: makes you stronger, It makes you, It builds resiliency. Why
9:40
Speaker 2: am I telling you this? Why is this important podcast
9:43
Speaker 2: on money and wealth? Because every poverty, every form of
9:46
Speaker 2: poverty two reasons. By the way, every form of poverty
9:51
Speaker 2: three reasons. Beyond sustenance poverty, which is a roof over
9:54
Speaker 2: your head, food on the table, and reasonable healthcare. Sustenance
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Speaker 2: poverty poverty just to sustain yourself. So everybody should have sustenance.
10:04
Speaker 2: Everybody should have a roof over your head, reasonable health care,
10:07
Speaker 2: food on the table. That should not be something that
10:09
Speaker 2: we beg for in society. It's something that society provides.
10:14
Speaker 2: It's biblical, by the way. But beyond that, every form
10:17
Speaker 2: of poverty is mindset. Whether you believe you can, whether
10:22
Speaker 2: you believe you can't, you're absolutely right. And so my
10:27
Speaker 2: concern is this generation that we have today, who's grown
10:32
Speaker 2: up seeing a black president, you know, who's grown up
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Speaker 2: seeing and experiencing a run up on the stock marketrket,
10:40
Speaker 2: seeing real estate pride prices that have been on the rise.
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Speaker 2: They might have missed, probably did miss the two thousand
10:49
Speaker 2: and eight real estate crisis. And even if they did,
10:53
Speaker 2: it's in the rear view mirror. Who's who saw a
10:57
Speaker 2: social justice reconing on black America, black and brown. If
11:02
Speaker 2: you're African American, are African or people of African descent,
11:05
Speaker 2: you've seen this, You've seen that you saw a positive
11:09
Speaker 2: reaction to the deafestating murder of George Floyd, and you
11:12
Speaker 2: saw somewhere between sixty billion and three hundred billion, depending
11:18
Speaker 2: on how you calculated, invested in you.
11:23
Speaker 3: And wow, there's pushback on that.
11:26
Speaker 2: Now, the impression by somebody who's twenty or even thirty
11:32
Speaker 2: years old might be that that success for me is preordained.
11:36
Speaker 2: That's going to go to you know, go to college,
11:38
Speaker 2: go to school. Maybe you know, maybe don't need school.
11:40
Speaker 2: They may think, yes, you do. I need to address well,
11:44
Speaker 2: you know, have a nice Instagram handle, have some great
11:48
Speaker 2: social media, get some business cards made, you know, Lisa Carr,
11:52
Speaker 2: go to some meetings, you know, say the right things,
11:58
Speaker 2: and I'm going to be successful. I I deserve, I'm
12:01
Speaker 2: entitled to success. No, you aren't, and you won't be
12:06
Speaker 2: because you aren't prepared to fail.
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Speaker 3: You aren't.
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Speaker 2: You have no experience with failure. And the things that
12:15
Speaker 2: rattle and shake people today absolutely astound me. I tell
12:19
Speaker 2: people all the time that what you're going through is,
12:22
Speaker 2: with all due respect, high class problems. If you live
12:26
Speaker 2: in United States of America or a developed country you're
12:28
Speaker 2: living in listening to this from the UK, now I
12:31
Speaker 2: Kingdom me listening to this from some developed country somewhere
12:34
Speaker 2: in the world. Frankly, if you're listening to this or
12:37
Speaker 2: Washington this, you've got some kind of a digital device
12:39
Speaker 2: that's cutting edge, then you consider yourself lucky. Certainly, if
12:43
Speaker 2: you're in the United States of America and you have
12:45
Speaker 2: a job, you've got a source of income, you have
12:50
Speaker 2: you know, you have shelter, you have food, you have opportunity.
12:54
Speaker 2: When you get up in the morning, you've you've been blessed,
12:56
Speaker 2: you have at least one parent. And so there are
13:01
Speaker 2: people in this world. There's a lady right now trying
13:03
Speaker 2: to get from her hut on the east coast or
13:08
Speaker 2: west coast of Africa, trying to get from her hut
13:10
Speaker 2: to the well to get some water without being abused.
13:13
Speaker 3: That's her daily challenge.
13:14
Speaker 2: He's a woman in Afghanistan right now that's trying to
13:17
Speaker 2: keep her basic dignity and goes on. In a third
13:20
Speaker 2: of the world, it appears as at war with itself.
13:23
Speaker 2: And so I'm not discounting your problems when I'm saying,
13:27
Speaker 2: if you're concerned about your credit card bill or the
13:29
Speaker 2: mortgage payment or whatever, that's important. Yes, and yes you
13:32
Speaker 2: got too much, wanted end of your money. But consider
13:35
Speaker 2: yourself blessed to have these problems. So I wanted to
13:38
Speaker 2: first tell you I've been to where you are. That's
13:41
Speaker 2: why I found an operation Hope, because I've had that
13:44
Speaker 2: experience with it at nine years old, when the classroom,
13:46
Speaker 2: when that baker came to my classroom and taught me
13:48
Speaker 2: financial literacy, and everybody else was throwing paper planes and
13:53
Speaker 2: playing around and joking. But again I had by that time,
13:56
Speaker 2: I had these experiences where I saw a murder of
14:00
Speaker 2: my guy who saved my life. I know experienced. I
14:04
Speaker 2: didn't see it firsthand, but of course experience my best
14:06
Speaker 2: friend being murdered with my next for neighbor over drugs.
14:09
Speaker 2: And I saw my bomb and dad divorce and family
14:12
Speaker 2: tore apart, my mother hustle to go buy our house,
14:15
Speaker 2: our first house in come to California as a single mother,
14:18
Speaker 2: and I had taken life seriously by the time I
14:21
Speaker 2: was nine years old. And this banker came in my
14:23
Speaker 2: classroom in tall financial literacy home economics class which doesn't
14:26
Speaker 2: exist anymore, And I asked that banker, what do you
14:29
Speaker 2: do for a living and how did you get rich?
14:30
Speaker 3: Legally? And I was dead serious. And where'd you get
14:35
Speaker 3: that suit? From?
14:36
Speaker 2: Man?
14:36
Speaker 3: Only people I wear.
14:36
Speaker 2: The only white man I saw wear a suit in
14:38
Speaker 2: this neighborhood is a detective. And it's not a good suit.
14:41
Speaker 2: It's a bad suit. I don't mean a bad suit.
14:43
Speaker 2: I mean a bad suit. I mean polyester. I mean
14:46
Speaker 2: not a good suit. Why tie this dude's suit? That
14:48
Speaker 2: was gorgeous? It was beautiful. It was Italian stitching. I
14:51
Speaker 2: could see it today. It was dark blue. He had
14:53
Speaker 2: a white shirt and a red tie crisp. He had
14:56
Speaker 2: Polo shoes. He had a business card. Nobody in my
14:58
Speaker 2: family had a business card. It said the sixteenth floor.
15:01
Speaker 2: There was nothing beyond the I believe the six floors
15:04
Speaker 2: of I think he was six floors, might have been eight,
15:07
Speaker 2: eight floors or something. But it wasn't a skyscraper in Compton.
15:10
Speaker 2: That was a courthouse. Everything else was just a couple
15:13
Speaker 2: stories or single story in Compton. It was in the
15:18
Speaker 2: sixteenth floor. Man, where you work, how do you hear
15:20
Speaker 2: in the middle of the day. My mom was an
15:22
Speaker 2: hourly worker. McDonald donlon's aircraft became Bowling aircraft. She had
15:26
Speaker 2: a two fifteen minute breaks in lunch other than that,
15:28
Speaker 2: she was an hourly worker. She only showed up to
15:30
Speaker 2: school if I got in trouble, and that wasn't a
15:32
Speaker 2: good thing when I saw her show up at school.
15:34
Speaker 2: So how are you showing up anytime you want during
15:36
Speaker 2: the day. I'm on a salary. What's a salary? It's
15:39
Speaker 2: like I was a medium Martian man. And again he
15:41
Speaker 2: told me, I'm a banker and on finance entrepreneurs. I said, sir,
15:44
Speaker 2: I don't know what an entrepreneur is, but if you're
15:46
Speaker 2: financing it and it's legal, I'm gonna be one. Rainbows
15:50
Speaker 2: after storms. I became one. So I bought a piece
15:58
Speaker 2: of property in Los Angeles for a couple hundred thousand dollars.
16:02
Speaker 2: It was a townhouse. When I bought it, I was
16:05
Speaker 2: very proud of it. I lived in it. It went
16:09
Speaker 2: down in value while I lived in it. I was
16:12
Speaker 2: encouraged by my broke friends to sell it. Now they
16:17
Speaker 2: broke again. Watch what you pay attention to for advice, right,
16:19
Speaker 2: my broke friends didn't even own a townhouse. They were
16:22
Speaker 2: written talking about, Yo, you need to sell that. Just look,
16:25
Speaker 2: leave your bad advice in your bad in your well
16:29
Speaker 2: intentioned bad mouth, like in your head. Keep just say
16:32
Speaker 2: hello to me. That's that's all I want to hear.
16:34
Speaker 2: Is you know it's an old Southern saying. No matter
16:37
Speaker 2: how much I love you, my son or my daughter,
16:38
Speaker 2: if I don't have wisdom, I can only give you
16:40
Speaker 2: my own ignorance. So out of love, we passed down
16:43
Speaker 2: bad habits and bad advice from generation to generation. Is
16:46
Speaker 2: what we don't know that we don't know. This killing
16:48
Speaker 2: is what we think we know. We never got the memo.
16:51
Speaker 2: That's my third or fourth book. The think is my
16:54
Speaker 2: third book, that we never got the memos what we
16:55
Speaker 2: don't know that we don't know. So stop listening to
16:57
Speaker 2: people who have give you bad advice on no experience.
17:01
Speaker 3: Right.
17:02
Speaker 2: So that my friends quotation marks told me to sell
17:06
Speaker 2: my house. Luckily I didn't pay attention to him. The condo.
17:09
Speaker 2: I moved out and rented it out to you tenant,
17:13
Speaker 2: and they were slow paying, but they paid, and I
17:16
Speaker 2: had to pay the property taxes every year, but it
17:17
Speaker 2: was mostly covered by the renter. And I forgot about it.
17:22
Speaker 2: I said it and released it, just like I told
17:23
Speaker 2: you to buy it, put money aside, set and release.
17:26
Speaker 2: I just forgot about it. And because I just figured,
17:29
Speaker 2: you know, can't be you know, over time it will
17:32
Speaker 2: at least be worth what.
17:33
Speaker 3: I paid for it.
17:34
Speaker 2: So a few years past and I moved to Atlanta,
17:38
Speaker 2: and I'm trying to buy a piece of property that's
17:42
Speaker 2: you know, about seven hund and fifty thousand dollars. And
17:45
Speaker 2: I call my friend, a broker in Los Angeles happened
17:49
Speaker 2: to be a person of color, Mister low is his name,
17:53
Speaker 2: And I said, to check on this property from me,
17:56
Speaker 2: and he said sure. I said, well, what do you
17:57
Speaker 2: think I can get for it? He said, well, because
17:59
Speaker 2: I had a couple of properties selling this one, you
18:01
Speaker 2: can probably get seven undred fifty thousand dollars for I said,
18:03
Speaker 2: what did you say? What did you say? Seven hundred
18:07
Speaker 2: and fifty thousand dollars. I bought it for two hundred
18:10
Speaker 2: thousand change had gone down one hundred thousand change. My
18:12
Speaker 2: so called friends told me to sell it. Hello, five years,
18:17
Speaker 2: six years later, it's worth seven hundred and fifty thousand dollars.
18:21
Speaker 2: It's worth even more now I sold it. You have
18:24
Speaker 2: a year to do a tax free exchange, which means
18:26
Speaker 2: you pay no taxes. And I found the property that
18:31
Speaker 2: I wanted to buy, and I purchased a property that
18:33
Speaker 2: I wanted to buy with the proceeds of the property
18:34
Speaker 2: I just sold, and I paid no taxes. So there
18:38
Speaker 2: you go. And you want to check with your tax
18:41
Speaker 2: man and all this stuff. You know, don't listen to
18:43
Speaker 2: me and say John Bryant told me to do this.
18:45
Speaker 2: I'm just giving you, you know, examples of what you
18:49
Speaker 2: can do, but you need to check with your tax
18:52
Speaker 2: pro and or my hope, financial coaches for exactly what
18:55
Speaker 2: you should do or how to do it. It's go
18:57
Speaker 2: by the way, It's called a ten thirty one tax
18:59
Speaker 2: free exchange change in the revenue the Internal Revenue Code.
19:03
Speaker 2: But again, techer, check with your tax pro see how
19:05
Speaker 2: it relates to you. Okay, let's get to the fan question.
19:09
Speaker 2: I just made you a millionaire. Well you did, because
19:11
Speaker 2: you're going to work hard at it. But you know now,
19:14
Speaker 2: there's no reason why you're not going to be better
19:15
Speaker 2: off after you do this when you than before. I mean,
19:20
Speaker 2: it's like somebody said, why should I try God? Well,
19:24
Speaker 2: because God cannot possibly screw up and mismanage your life
19:28
Speaker 2: worse than you have. So give them a try. Let's
19:31
Speaker 2: see how that works out, and given it says Universe.
19:34
Speaker 2: In my opinion, you'll probably be Okay. I can't guarantee
19:37
Speaker 2: you that being positive is going to make you a success,
19:39
Speaker 2: but I absolutely guarantee you that being negative will ultimately
19:42
Speaker 2: make you fail. I want you to be positive. I
19:44
Speaker 2: want you to employ common sense. Literally, every group of
19:49
Speaker 2: people in this country, two hundred plus ethnic groups have
19:51
Speaker 2: succeeded using free enterprise capitalism and a market economy and
19:54
Speaker 2: the things that I've told you. The only three groups
19:56
Speaker 2: that have been left behind African Americans, not all Africans Americans.
20:00
Speaker 2: I'm gonna deal with Africans versus Africans or blacks versus blacks.
20:04
Speaker 2: Is that a thing? And that's not a negative situation.
20:07
Speaker 2: I mean, blacks are blacks? Is that a thing. I'm
20:09
Speaker 2: gonna deal with that in a second part a separate podcast,
20:12
Speaker 2: because it is a thing. But African Americans, not African
20:15
Speaker 2: Africans or African Caribbeans. African Americans who had a special
20:19
Speaker 2: treatment negative in this country, and who's really our self seening.
20:23
Speaker 2: Our brains were messed with, Our minds and mindsets were
20:26
Speaker 2: messed with, all right, and Native American Indians, Okay, they
20:29
Speaker 2: didn't have a good run and poor whites. Yes, poor
20:33
Speaker 2: whites are those three groups that did not use free enterprise,
20:36
Speaker 2: capitalism and market economy to succeed. Two of those groups
20:39
Speaker 2: actually use a government and you and government will help
20:42
Speaker 2: you cover your downside. And we need good government. We
20:45
Speaker 2: need civil rights, but you also need civil rights. We
20:48
Speaker 2: need not just red rooms stopping bad things like just
20:51
Speaker 2: police discrimination and bias and all the negative stuff. We
20:54
Speaker 2: need some green rooms, access to capital, access to internships,
20:57
Speaker 2: extra apprenticeship, access to apprenticeships, access to to credit, access
21:01
Speaker 2: to financing, access to opportunity and aspiration. Can I get
21:06
Speaker 2: an amen? This is a church of what's happening now
21:10
Speaker 2: and what have you done for me lately?
21:12
Speaker 1: Once again, thank you for tuning into the Black Effect
21:14
Speaker 1: Podcast Network. Seeing you in twenty twenty five for more
21:17
Speaker 1: great moments from your favorite podcast