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Why College Keeps You Broke & Dating Costs More Than You Think · Earn Your Leisure

• 0:00
  Speaker 1: Yeah.
• 0:00
  Speaker 2: Who's taking students home? People that never been to college.
• 0:03
  Speaker 2: People that are first generation. Your first generation. People that
• 0:07
  Speaker 2: parents make forty thousand dollars that they're living on on
• 0:10
  Speaker 2: the poverty line.
• 0:13
  Speaker 3: Or even people that's middle class.
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  Speaker 2: They don't even have enough education to be educated, so
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  Speaker 2: they don't they don't really know what what college you
• 0:21
  Speaker 2: should be going to. They don't know exactly what degree
• 0:24
  Speaker 2: or earns the most money. It's trial and error. They're
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  Speaker 2: just going off of what they think, what they want,
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  Speaker 2: what they they like the mascot. And it's a debt trap.
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  Speaker 2: And it's it's you're never you're never going to get
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  Speaker 2: the full value out of this degree. So you go
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  Speaker 2: into school for four years, sometimes five. You're racking up fifty,
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  Speaker 2: one hundred, one hundred fifty thousand dollars in student debt.
• 0:51
  Speaker 2: You get out of school. you can't find a job
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  Speaker 2: or if you find a job, it's going to be nothing.
• 0:56
  Speaker 1: It's tough. Even people with MBAs are having a tough
• 0:58
  Speaker 1: time getting jobs.
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  Speaker 2: And then you're going to be paying $ 1, 500 a month
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  Speaker 2: for the next 30 years.
• 1:06
  Speaker 1: Yeah.
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  Speaker 4: And truth be told, the student loan crisis should have
• 1:10
  Speaker 4: caused a collapse in the market, but they keep finding
• 1:14
  Speaker 4: ways to avoid that disaster. And then tied with the
• 1:18
  Speaker 4: bond market being in disarray and rates going higher, We're
• 1:23
  Speaker 4: getting to an inflection point, but that ties into the endowment.
• 1:27
  Speaker 4: It's tough.
• 1:29
  Speaker 2: But once again, it's targeted to the most... This is
• 1:31
  Speaker 2: important for people to understand. It's targeted to the most vulnerable.
• 1:35
  Speaker 2: This is really predatory lending. It's targeted to the most
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  Speaker 2: vulnerable population that does not have enough education to know
• 1:43
  Speaker 2: the process of education.
• 1:45
  Speaker 3: So you're selling dreams. This is kind of like gambling.
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  Speaker 2: You're selling a dream that If you go to college,
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  Speaker 2: this will be a pathway to make money and to
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  Speaker 2: be a successful person.
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  Speaker 4: And once again, we're pro-education, but the financial risk is
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  Speaker 4: higher than it's ever been. And then when this was
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  Speaker 4: being pitched in the 80s and 90s and early 2000s,
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  Speaker 4: some people are walking away from undergrad with $ 290, 000 in debt.
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  Speaker 2: There's way too many colleges right now. And there's way
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  Speaker 2: too many degrees. If it was up to me, I
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  Speaker 2: would combine a bunch of these.
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  Speaker 3: There's no need.
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  Speaker 2: There's no 400 colleges, 500 colleges at the most.
• 2:36
  Speaker 3: State schools, it should be three state schools in every state. Downstate, midstate, upstate.
• 2:43
  Speaker 1: But now you get to mess with the endowment money.
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  Speaker 2: Why do you need 100 state schools? Why do you
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  Speaker 2: need 100 state schools in one state? If it's a state,
• 2:50
  Speaker 2: just think about that. If it's a state school, technically
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  Speaker 2: you should only have one school for the state. All
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  Speaker 2: of the resources, all of the information, all of it
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  Speaker 2: should be.
• 2:59
  Speaker 3: Okay.
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  Speaker 4: But then you start to have monopolies and then the government...
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  Speaker 4: That's why I said three, three, three. Downstate, mid-state, upstate.
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  Speaker 4: We don't need 70 state schools in one state.
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  Speaker 1: You're starting to mess with the money flow, Rashad. That's
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  Speaker 1: the other part.
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  Speaker 4: The endowment program, booster program, Real estate development, academic grants,
• 3:29
  Speaker 4: book program. There's a lot of money that funnels through
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  Speaker 4: those channels. Like if you just get time, just go
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  Speaker 4: search up the history of universities and then college and
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  Speaker 4: the money.
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  Speaker 1: That flows through each one. It's really fascinating. So that's,
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  Speaker 1: I mean, it's a great solution.
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  Speaker 4: But in America, you often don't want, going back to
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  Speaker 4: our capitalism conversation with Van and 19 Keys, the correct
• 3:53
  Speaker 4: solution would to be to do that and shrink the
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  Speaker 4: number of degrees, but then you start to cut off
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  Speaker 4: funding for said departments and programs and the slush fund
• 4:03
  Speaker 4: isn't as available. So it's interesting to say the least.
• 4:12
  Speaker 4: Picking up from Monday, I know you said people won't
• 4:15
  Speaker 4: stop being outside. And there's moderation in chasing women. For
• 4:19
  Speaker 4: the fellas, what is the moderation and how much time
• 4:24
  Speaker 4: you should spend on extracurricular activities?
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  Speaker 2: To me, when you broke, you shouldn't be chasing women
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  Speaker 2: at all. But if given, if, once again, I go
• 4:36
  Speaker 2: back to a strong relationship can help you.
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  Speaker 3: So I was, all right. this whole thing of chasing, find.
• 4:48
  Speaker 3: I like the word find better. Find, yes.
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  Speaker 1: There we go.
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  Speaker 3: Find one person.
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  Speaker 2: Dating, all of that is a luxury afforded to people
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  Speaker 2: that can afford it. I feel like if you're trying
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  Speaker 2: to figure it out, if you're still struggling, there's nothing
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  Speaker 2: wrong with that. It's going to cost you money, time, energy,
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  Speaker 2: and resources to go on a bunch of dates and
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  Speaker 2: to Going dating abs and to date for a week.
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  Speaker 2: You're not in a position. You know they say cheating
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  Speaker 2: is a rich man's sport. Dating is a rich man's sport, really,
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  Speaker 2: if you really think about it.
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  Speaker 3: Fine.
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  Speaker 1: It's time. Yeah.
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  Speaker 3: Either be by yourself or find a partner and build
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  Speaker 3: with that one partner.
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  Speaker 1: One.
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  Speaker 3: Not multiple people.
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  Speaker 2: Mm-hmm.
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  Speaker 3: You're not afforded the luxury of multiple people if you're
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  Speaker 3: still struggling.
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  Speaker 2: I'm not saying this to be condescending. I'm saying this
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  Speaker 2: is just being somebody that actually does care about you
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  Speaker 2: and does love you.
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  Speaker 3: Because everywhere that you've been, I've been. I just chose
• 5:56
  Speaker 3: to be by myself. Isolation.
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  Speaker 2: I was isolated for a while. I know that that's
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  Speaker 2: not realistic for most people. So if it's not realistic
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  Speaker 2: for most people, then just find that one person that's
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  Speaker 2: really down, that can help you, that's down to struggle
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  Speaker 2: with you, that's down, then y'all can build each other up.
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  Speaker 3: All you need is one. In that situation.
• 6:19
  Speaker 1: Unless you're a hitmaker.
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  Speaker 3: Well, hitmakers are in different situations.
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  Speaker 2: In that situation, all you need is one.
• 6:32
  Speaker 3: All you really can do is one. Like I said.
• 6:36
  Speaker 1: It's time intensive, yo.
• 6:38
  Speaker 3: The cost of going on a date is damn near rent.
• 6:40
  Speaker 3: At this point, it was getting insane. Like what rent
• 6:43
  Speaker 3: was 20 years ago.
• 6:44
  Speaker 2: Yes.
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  Speaker 3: It's a date today.
• 6:46
  Speaker 1: For sure. Yes.
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  Speaker 4: Listen, I remember when I was in Bloomington paying $ 500,
• 6:51
  Speaker 4: $ 495 for the month.
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  Speaker 1: Ooh, the touchdown terrace right across from the stadium. Oh
• 6:56
  Speaker 1: my God. Never again. Never again.
• 7:00
  Speaker 4: I remember $ 800, $ 900 rent. Not happening. And for everyone
• 7:04
  Speaker 4: who keeps saying, yo, I'm not from New York, but
• 7:08
  Speaker 4: he is. I toured some places. All these places that
• 7:12
  Speaker 4: y'all can... Saying that you can find $ 1, 200 rent in
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  Speaker 4: New York and Manhattan.
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  Speaker 1: Where?
• 7:17
  Speaker 2: I don't even respond. I don't even... It's like, bro...
• 7:20
  Speaker 2: I looked. The internet is such a.
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  Speaker 3: And this... I had to learn this.
• 7:25
  Speaker 2: I'm not even responding to this stupid shit no more.
• 7:28
  Speaker 3: Because people are saying... Yo, I see one person say like, yo,
• 7:31
  Speaker 3: they lying.
• 7:32
  Speaker 2: The word lying is a very strong word to use.
• 7:34
  Speaker 2: But they're like, yo, they lying. They don't know what
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  Speaker 2: they talking about. They're like.
• 7:39
  Speaker 1: I.
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  Speaker 2: I'm not speaking from, I'm speaking from real life experience,
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  Speaker 2: real life experience that I know firsthand.
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  Speaker 3: Firsthand. I had an apartment in Manhattan. I had an
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  Speaker 3: apartment outside the city. I have a house.
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  Speaker 2: Like I'm not going back off with anybody on the internet. I,
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  Speaker 2: I have, I'm qualified to speak on this situation. I
• 8:04
  Speaker 2: don't know how much the rent is in, you know, uh,
• 8:09
  Speaker 2: basement apartment in Far Rockaway.
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  Speaker 3: Of course, you're always going to have some level of...
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  Speaker 3: We didn't say... We said Manhattan. We specifically said Manhattan.
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  Speaker 3: And it is what it is.
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  Speaker 2: Like, yeah, of course, you can always try to find,
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  Speaker 2: you know, there's loopholes. I'm just saying, people that usually...
• 8:25
  Speaker 2: I'm not looking for the loophole and, you know, I'm just...
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  Speaker 2: I need an apartment.
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  Speaker 1: I'm just trying to get an apartment. It's not there
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  Speaker 1: in Jersey. I looked. It's not there in Connecticut.
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  Speaker 3: I'm not. I'm like, people, it's just... People just say anything.
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  Speaker 3: Just say anything. What conviction? Oh, you don't know what
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  Speaker 3: you're talking about.
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  Speaker 2: You can definitely find an $ 800 apartment.
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  Speaker 5: Okay.
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  Speaker 1: Where? Send it to me.
• 8:48
  Speaker 3: Okay. And if it don't look like coming to America. Exactly.
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  Speaker 3: When an old boy fell down the front stair.
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  Speaker 2: Boy, I got to lie on your application talking about
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  Speaker 2: this for your grandmother, for the rent control.
• 8:58
  Speaker 3: I'm not doing all of that. But, hey, do what
• 9:00
  Speaker 3: you want. Do what you want.
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  Speaker 1: Yeah.
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  Speaker 4: I think that's a great lesson the other week. Don't
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  Speaker 4: listen to the bullshit on the internet.
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  Speaker 3: Do what you want.
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  Speaker 1: I don't care.
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  Speaker 6: I don't care.
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  Speaker 3: Do what you want. Waka Flocka, let's show this clip.
• 9:15
  Speaker 5: Yeah, but why would I not live with my mother? Like,
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  Speaker 5: what makes me less than a man not live with
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  Speaker 5: my mama?
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  Speaker 6: I don't get it. She getting old. Why the fuck
• 9:21
  Speaker 6: would I leave all the bills on her? All the ideas.
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  Speaker 6: Why would I leave people to hang in my mama's
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  Speaker 6: house and get up under her? Like, no, sir, bro.
• 9:28
  Speaker 6: I'm going to humble these years. You know what I'm saying?
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  Speaker 5: She in her 60s.
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  Speaker 6: Let me humble these years and get in the house
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  Speaker 6: with all 70 of them. I should stay in here.
• 9:34
  Speaker 6: Let me get a room back in here. That's how
• 9:36
  Speaker 6: I feel. I ain't trying to tell people things, but
• 9:38
  Speaker 6: that's just how I feel. I love my mama, bro.
• 9:40
  Speaker 6: I love my uncles, my aunties. Once they gone, they gone, bro.
• 9:44
  Speaker 6: Once they gone, they gone, man.
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  Speaker 3: Y'all had that conversation about you moving back home with her? What?
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  Speaker 6: She can't wait.
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  Speaker 4: Huh?
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  Speaker 6: Oh, she can't wait?
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  Speaker 5: I got a room in the house right now. I
• 9:53
  Speaker 5: don't even got a house right now. I'm literally remodeling.
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  Speaker 5: I'm at the point in.
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  Speaker 6: Life right now. It's like I'm done.
• 9:59
  Speaker 5: Like, I love Atlanta, but I'm kind of like, it's
• 10:02
  Speaker 5: getting to the point where your bill's not expensive. You
• 10:05
  Speaker 5: want to live in that expensive-ass house instead of moving
• 10:07
  Speaker 5: in with each other to cut down the bills to
• 10:09
  Speaker 5: stack money for 12 months.
• 10:11
  Speaker 6: Why you don't want to live with your girl? Because
• 10:12
  Speaker 6: you want to bring girls all day. You want to smoke.
• 10:14
  Speaker 6: You want to do this. But you're too busy thinking
• 10:15
  Speaker 6: about how a person is looking at you.
• 10:19
  Speaker 2: Shout out to Walker. He said, living with your mother
• 10:25
  Speaker 2: is nothing to be ashamed of. He's thinking about moving
• 10:28
  Speaker 2: in with his mother. Currently doesn't.
• 10:33
  Speaker 3: Live anywhere, I guess. He's kind of like on his
• 10:35
  Speaker 3: Kanye flow. Yeah, Kanye, Elon. Floating?
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  Speaker 5: I don't know.
• 10:44
  Speaker 1: You got a hard.
• 10:48
  Speaker 4: The part that... Well, first and foremost, I want to
• 10:50
  Speaker 4: say this. Shout out to Walker, a friend of the show.
• 10:54
  Speaker 4: Walker's not broke so far. I saw some of them comments.
• 10:57
  Speaker 1: He fell off. Walker's been in crypto. He's been in stocks.
• 11:01
  Speaker 1: He got some real estate. That's the other.
• 11:04
  Speaker 4: maneuver a lot of risk people get off like i'm
• 11:06
  Speaker 4: not scared to do like when buffett be like i
• 11:08
  Speaker 4: don't have a private plane i just drive a lincoln
• 11:11
  Speaker 4: well yeah not in your name you don't i get
• 11:14
  Speaker 4: you your own fucking net jets okay um but i
• 11:19
  Speaker 4: i do think even for me like it's getting to
• 11:23
  Speaker 4: a point for me where i miss having immediate access
• 11:29
  Speaker 4: to my mother and father So I think it's dope.
• 11:33
  Speaker 4: Like if he goes back home now, there's another set
• 11:36
  Speaker 4: of issues of how it's going to work.
• 11:38
  Speaker 1: Cause in theory, it sounds really good.
• 11:40
  Speaker 6: Right.
• 11:41
  Speaker 4: So I think the guest home thing would probably be
• 11:42
  Speaker 4: like ideal, but I do commend him for wanting to
• 11:46
  Speaker 4: spend that time because to be very honest, we are
• 11:49
  Speaker 4: getting older and you only have a certain amount of
• 11:51
  Speaker 4: time that you are going to be able to have
• 11:53
  Speaker 4: with your parents.
• 11:53
  Speaker 1: So I think you should fully appreciate it. But once again,
• 11:58
  Speaker 1: on the internet, I think it's too much pushback.
• 11:59
  Speaker 4: And one of the things that social media has done,
• 12:03
  Speaker 4: Digital devices and apps have replaced quality time with the
• 12:07
  Speaker 4: people that you love.
• 12:09
  Speaker 1: So I'm not mad at him for this, but