Latest / Masterminds Podcast / The Future of Money - Futurist Kwame - Masterminds with Richie Mensah EP1

Transcript

The Future of Money - Futurist Kwame - Masterminds with Richie Mensah EP1 · Masterminds Podcast

0:00
SPEAKER_02: The lifestyle had gotten me very excited, but I was broke, and I was like, wait, how can you be famous and broke?
0:06
SPEAKER_02: My first hearing of Bitcoin is red flag, criminal going to jail, FBI.
0:13
SPEAKER_02: I'm not interested.
0:14
SPEAKER_02: People thought I had a problem with the educational system.
0:16
SPEAKER_02: I think it's broken, and everybody knows that it's broken.
0:18
SPEAKER_02: Yeah.
0:19
SPEAKER_02: The fact that our educational systems have not been updated in the last four centuries.
0:24
SPEAKER_00: Even the Bible updates and If the Bible updates.
0:27
SPEAKER_00: Are you guys trying to say God is good?
0:29
SPEAKER_02: Are you guys not trying to do God forget them?
0:33
SPEAKER_02: Let me try to find it.
0:35
SPEAKER_02: There's a slight difference between consistency and stupidity.
0:40
SPEAKER_02: I hope one day it works.
0:42
SPEAKER_02: It's not a strategy.
0:44
SPEAKER_02: It's a strategy.
0:45
SPEAKER_02: Here's my genius.
0:46
SPEAKER_02: There's nothing you understand.
0:47
SPEAKER_02: Find what is working.
0:49
SPEAKER_02: Copy, contextualize, paste.
0:51
SPEAKER_02: I go to a university, I ask how many of us know Chat GPT 4 people in the room.
0:56
SPEAKER_02: 900 people are in the room.
0:57
SPEAKER_00: So for that person watching right now who has finally understood crypto and wants to get involved, right?
1:03
SPEAKER_00: How do you start?
1:04
SPEAKER_02: Let me leverage it types 10.
1:06
SPEAKER_02: So give me$10,000 to go and trade to stick up a shit.
1:09
SPEAKER_02: If you do not have these fundamental skills, you will not make it.
1:15
SPEAKER_00: Welcome to the Masterminds Podcast.
1:17
SPEAKER_00: Our goal here is to sharpen your greatest asset, your greatest weapon, your mind.
1:23
SPEAKER_00: My name is Richie Mensa, and I'll be your tour guide on this exciting journey as we discuss ideas and concepts that will shift your mindset to set you on a path for long-term success.
1:35
SPEAKER_00: So, the person I'm about to talk to today, no, in fact, let me not even introduce him yet before I start fooling plenty.
1:43
SPEAKER_00: Let me tell you why I called him here.
1:46
SPEAKER_00: Now, if you're watching this video and you feel like you've gotten lost in all this new tech being talked about, from AI to you know money tech and cryptocurrency and this and e city and everything, you're just like me because I'm lost.
2:04
SPEAKER_00: And I needed someone to help me explain it.
2:06
SPEAKER_00: So hopefully, by the end of this video, we will all know a little more about tech and finance and the future.
2:13
SPEAKER_00: And if I'm going to talk about the future, who better to talk to than a futuristic man?
2:21
SPEAKER_00: But before I let him talk, let me tell you how I know this man.
2:27
SPEAKER_00: You know, so we met years ago.
2:31
SPEAKER_00: This is going to reveal my age a bit, but we worked together like 16, 15 years ago.
2:37
SPEAKER_04: Right.
2:37
SPEAKER_00: And he was this very young boy with big dreams and big ideas, had too many ideas for his age, was always talking big things.
2:47
SPEAKER_00: Then the growers would be angry that about this small boy, crap, keep quiet.
2:51
SPEAKER_00: So he was the Lynx PR for a long time.
2:54
SPEAKER_00: And one thing I can say is you meet young, promising people, but most of the time you don't know where it's going to end up.
3:02
SPEAKER_00: You think it could be just a waste of time even meeting this person.
3:06
SPEAKER_00: This is one person I sit down, watch from afar, and I can confidently say I'm so proud of him.
3:13
SPEAKER_00: Absolutely.
3:14
SPEAKER_00: So his government name is Kwame Upoku.
3:17
SPEAKER_00: Yes.
3:18
SPEAKER_00: The name I have always called in is Kwame Jr.
3:21
SPEAKER_00: But you know him as futuristic Kwame.
3:24
SPEAKER_02: Shali.
3:26
SPEAKER_02: So good to see you.
3:27
SPEAKER_02: So good to see you.
3:28
SPEAKER_02: This is a reunion.
3:30
SPEAKER_02: Yes.
3:31
SPEAKER_02: And I love it.
3:32
SPEAKER_02: Old school reunion.
3:32
SPEAKER_02: I love it.
3:33
SPEAKER_02: I love it.
3:34
SPEAKER_02: So I say this to anybody.
3:35
SPEAKER_02: For those who've uh followed my journey, I say this to you.
3:40
SPEAKER_02: A lot of you know a few people behind what you will call my success.
3:44
SPEAKER_02: Uh some of you know Prince Eternam.
3:46
SPEAKER_02: Shoutouts to Prince Eternam.
3:47
SPEAKER_02: It was through him that I met Richie.
3:49
SPEAKER_02: But but the foundational blocks of what has guided my entire journey came from you.
3:54
SPEAKER_02: Uh the grip, um, the not giving up, the innovate around ideas.
4:00
SPEAKER_02: All of the times you you lock me up in the studio and shout at me and say, no, don't do that.
4:05
SPEAKER_02: You know, when it's during drink cups and a misbehavior, no, you are getting distracted by the lifestyle.
4:09
SPEAKER_00: Thank you.
4:10
SPEAKER_00: Are you are you still distracted by the lifestyle?
4:12
SPEAKER_00: No, no, I'm not too old for that.
4:16
SPEAKER_02: It worked.
4:16
SPEAKER_02: So, so for a lot of you that don't know, because I probably haven't said it before, this man here is he accounts for about 40-50% of everything you see.
4:26
SPEAKER_02: Oh, wow, that's a big percentage.
4:27
SPEAKER_02: Yeah, seeing some.
4:28
SPEAKER_02: No, it was you.
4:29
SPEAKER_02: It was you.
4:30
SPEAKER_02: Those those early days meant everything.
4:33
SPEAKER_02: One, because you didn't keep doors close to me.
4:35
SPEAKER_02: You opened doors, you allowed me, you connected me to Reggie Rockstone and this other person and that other person.
4:41
SPEAKER_02: And at that point, you could have easily said, hey, that just is a young talented boy, let me keep it to myself.
4:46
SPEAKER_02: You didn't gatekeep, you didn't keep information away from me.
4:49
SPEAKER_02: And most importantly, you didn't make me feel like I was crazy.
4:55
SPEAKER_02: You know, because you were also a genius, you were a creative thinker, and you had a lot of ideas, so you could see it in me like that.
5:00
SPEAKER_02: 100%.
5:01
SPEAKER_02: And and that formed a base.
5:02
SPEAKER_02: So when I when I stepped up in the world, after we we sort of after we I moved on, you know, when our things progressed, I always had the confidence of, you know, Richie believed in me, Linz believed me, mommy believed in me.
5:16
SPEAKER_02: You know, shoutouts, mom, uh, mommy about I I I owe you.
5:20
SPEAKER_02: I I know.
5:20
SPEAKER_02: I I I'll come home.
5:22
SPEAKER_02: You know, um, everybody believed in me.
5:24
SPEAKER_02: Um Albert believed in me.
5:25
SPEAKER_02: So so I had that idea that there was a family that already believed in me, and and and you you were you were a top star.
5:32
SPEAKER_02: So when somebody like that believes in you, it sends a message.
5:36
SPEAKER_02: So I always showed up confident, I always showed up with competence because you made me understand.
5:41
SPEAKER_02: If you show up in the room and you have something to give, they will respect you.
5:45
SPEAKER_02: Thank you.
5:46
SPEAKER_02: Thank you for everything.
5:48
SPEAKER_00: Thank you for proving me right now.
5:49
SPEAKER_02: Absolutely.
5:50
SPEAKER_00: Because I saw the potential, yeah, but I've seen so many people waste the potential.
5:56
SPEAKER_00: So as much as you want to say 40% is me, 50% is me, thank you for saying that on camera.
6:02
SPEAKER_00: Absolutely.
6:02
SPEAKER_00: I can get a nice bite.
6:03
SPEAKER_00: You might already put it in.
6:05
SPEAKER_00: But the truth is, you are self-made.
6:08
SPEAKER_00: Thank you.
6:08
SPEAKER_00: Everything you've done is you, in fact, yes, it's your fault.
6:11
SPEAKER_00: Yeah, yeah, yeah.
6:13
SPEAKER_00: It is my fault.
6:15
SPEAKER_00: So, Kwame, let me ask.
6:17
SPEAKER_00: Yes, for me, this is for me, right?
6:20
SPEAKER_00: How did the transition happen?
6:22
SPEAKER_00: Because the Kwame I knew was all about PR and getting your voice out there, which you still do, yes.
6:30
SPEAKER_00: But how did you mature into this person who knows so much about tech and finance and is inspiring people, mentoring people?
6:38
SPEAKER_00: How did it happen?
6:39
SPEAKER_02: Um, that's a good one.
6:42
SPEAKER_02: So I think as as the Lynx days came to an end, so what happened with Lynx is basically um we did a lot of work, uh, the company was growing, and I saw myself doing more, right?
6:55
SPEAKER_02: And you were like, okay, go do what you want to do.
6:57
SPEAKER_02: But you have this brain trust.
6:59
SPEAKER_02: Whenever you needed to consult my brain, I'm available for you.
7:02
SPEAKER_02: Uh, and then I moved on.
7:03
SPEAKER_02: So when I moved on, I was still doing a little bit of the um PR stuff, I was doing a little bit of marketing.
7:08
SPEAKER_02: Uh, I got into events, which is something you started teaching me with events organizing and all of that.
7:13
SPEAKER_02: Um, and then I got into uni.
7:16
SPEAKER_02: So when I got into Legon, what happened was now, even though you tried so hard in the beginning, the lifestyle had got me very excited.
7:25
SPEAKER_02: So um I was on TV, I was with uh uh uh John Jermaine on a Lotigo.
7:30
SPEAKER_02: Yeah, we were doing all of those stuff, but I was broke, and I was like, wait, how can you be famous and broke?
7:37
SPEAKER_02: How can you be known, but there's nothing to show for it?
7:41
SPEAKER_02: So that got me thinking.
7:42
SPEAKER_02: And there was one defining moment in my life.
7:44
SPEAKER_02: So what happened was mom got sick, and I needed to quickly raise some money for the hospital.
7:49
SPEAKER_02: And then I realized, dude, you are broke.
7:54
SPEAKER_02: Yeah, you have been so focused on the lifestyle that you've not built anything substantive for yourself.
7:59
SPEAKER_02: And and that was where I realized, oh my god, I'm in trouble.
8:02
SPEAKER_02: Because now I was fully used to the lifestyle.
8:05
SPEAKER_02: And for those of you who might not know, if you allow yourself, entertainment has that you know effect.
8:11
SPEAKER_02: You know, so you're in the clubs, you're doing events, clubs come with alcohol, they come with girls, you know that you know the dude, right?
8:18
SPEAKER_02: So now I'm caught up in all of that, but no substance.
8:21
SPEAKER_02: I'm really great at what I do, I'm competent.
8:23
SPEAKER_02: But when I show up, I'm not showing up with value, we're not having business conversations.
8:28
SPEAKER_02: I was like, I need to do something about this.
8:31
SPEAKER_02: Um, my decision was drastic.
8:34
SPEAKER_02: It was because I realized the reason why I was not making it was because the lifestyle was more important to me than the business.
8:42
SPEAKER_02: So I decided the way to go was to step away from the lifestyle and then reinvent myself.
8:49
SPEAKER_02: So I left Showbiz for a year.
8:52
SPEAKER_02: Okay, and in that year, I think 2013, 2014, I said goodbye to everybody, quit all the jobs that I was doing, um, and then changed my number and disappeared.
9:02
SPEAKER_02: And it was in that season that I started paying attention to the internet.
9:07
SPEAKER_02: But there's a backstory to that that connects to cryptocurrencies and how I became a futurist.
9:11
SPEAKER_02: But it started with realizing that I was broke and it was not sustainable.
9:15
SPEAKER_02: That's a very good realization.
9:16
SPEAKER_02: Yes, please.
9:17
SPEAKER_02: Becoming more and more famous, but more and more broke.
9:21
SPEAKER_02: The tool wasn't working.
9:22
SPEAKER_00: And I know a lot of people who are watching this who are in that situation right now, they're very popular, they enter all the clubs for free, they get drinks for free, but they're broke.
9:33
SPEAKER_02: Absolutely.
9:33
SPEAKER_02: So for me, that was a defining moment, and that's where everything changed from there.
9:38
SPEAKER_00: So, but it's it's great to have a defining moment, right?
9:40
SPEAKER_00: But most people, even in their defining moments, aren't able to find a path.
9:44
SPEAKER_02: Right.
9:45
SPEAKER_00: One thing you talk about that I find so inspiring is you speak about the fact that the future, the future, can be shaped.
9:51
SPEAKER_02: Absolutely.
9:52
SPEAKER_00: So, when did you realize that the future is not just something you walk into, but you need to shape it?
9:57
SPEAKER_02: So, here's a background story for anybody.
10:00
SPEAKER_02: So the classic in section, right?
10:02
SPEAKER_02: Let's do this.
10:03
SPEAKER_02: Um, 2011.
10:06
SPEAKER_02: Please get your facts right.
10:08
SPEAKER_02: There is a website called Silk Road, it's actually a marketplace.
10:11
SPEAKER_02: Uh, it's on the dark web.
10:12
SPEAKER_02: Um, Silk Road is basically a decentralized marketplace where people are able to buy all sorts of things.
10:18
SPEAKER_02: Most of the things they're able to buy are illegal.
10:21
SPEAKER_02: So you're able to hire assassins, buy guns, buy drugs, all those kinds of things.
10:28
SPEAKER_03: It's been closed down.
10:30
SPEAKER_02: Is there a new no, no, there's no so the guy that built it Ross, he is tracked by the FBI and they close it down.
10:40
SPEAKER_02: Uh, at the time, the currency that they're using on Silk Road is called Liberty Reserves.
10:44
SPEAKER_02: Very popular in the fraud community at the time was called L Al.
10:48
SPEAKER_02: Lau, Liberty Reserves.
10:49
SPEAKER_02: So when they close um down Silk Road, the marketplace where you can get all this illegal stuff.
10:55
SPEAKER_02: Now, that was the marketplace where a lot of the then fraud boys were buying credit cards.
11:01
SPEAKER_02: Okay.
11:01
SPEAKER_02: So stolen credit cards.
11:03
SPEAKER_02: That's where they were buying, and they were buying it with liberty reserves.
11:06
SPEAKER_02: So when that is closed down, I hear whispers of this thing called Bitcoin, which is the new thing that they're using to actually buy illegal services on the dark web on marketplaces like Silk Road.
11:18
SPEAKER_02: By Silk Road is gone.
11:20
SPEAKER_02: So my first hearing of Bitcoin is red flag, criminal going to jail, FBI.
11:27
SPEAKER_02: I'm not interested.
11:28
SPEAKER_02: You don't want any.
11:29
SPEAKER_02: I don't want no as we don't, you know, anything with concern for police, no coming.
11:34
SPEAKER_02: You know, right.
11:36
SPEAKER_02: So I leave it alone.
11:38
SPEAKER_02: This is 20 uh maybe 2013, 2014.
11:43
SPEAKER_02: A friend who, again, it was in that community, uh, online guy, you know, he does his own thing, uh, comes to me and says, Hey bro, I'm looking for a quick loan, you know, maybe Sky added.
11:52
SPEAKER_02: You know, it says, uh, I think at the time it was like 500 CDs or so.
11:56
SPEAKER_02: Let me send you some 100 Bitcoin.
11:57
SPEAKER_02: Um, at that time, this thing is worth nothing, right?
12:00
SPEAKER_02: So he's like, Charlie, this currency, one day maybe you could change your mind, you won't join this game, you go buy a credit card, take this 100 Bitcoin, give me the 500.
12:07
SPEAKER_02: When I I balance myself, I will give you the 500 back.
12:10
SPEAKER_02: Dude, you want to get me into police, eh?
12:13
SPEAKER_02: No head.
12:14
SPEAKER_02: They use Bitcoin to buy credit card, aka illegal, aka I'll go to jail.
12:18
SPEAKER_02: I'm not interested.
12:19
SPEAKER_02: Give him the 500 CDs, I don't take the 100 Bitcoin.
12:23
SPEAKER_02: Then in 2016, I hear that the Bitcoin is$4,000 per Bitcoin.
12:30
SPEAKER_02: So I sit down, I do the calculation 100 by 4,000.
12:33
SPEAKER_02: What did I just do?
12:35
SPEAKER_02: So for me, that was my Eureka moment in 2014.
12:38
SPEAKER_02: I was about to leave Ligon.
12:40
SPEAKER_02: I was like, what did I just do to myself?
12:42
SPEAKER_02: Um, and then Bitcoin went to 9k, and then Bitcoin went to 19K.
12:47
SPEAKER_02: And then every time, so now Bitcoin is at 113,000.
12:50
SPEAKER_02: I would have had 100 Bitcoin.
12:52
SPEAKER_02: I still will not do the calculation.
12:54
SPEAKER_02: So so that moment was what got me.
12:57
SPEAKER_02: Why the hell did I not research this thing before making a conclusion?
13:03
SPEAKER_02: Why did I just think that the only thing this thing could be used for was illegal?
13:08
SPEAKER_02: And I realized that my educational models were broken.
13:12
SPEAKER_02: And it was because I was raised in a system where once information is passed to you, that information is final.
13:18
SPEAKER_02: It is not questioned, it is not interrogated, it is not researched, it is not broken down, it is not uh confronted.
13:25
SPEAKER_02: You just take whatever is poured onto you and you take it as truth and you move on.
13:30
SPEAKER_02: That was the moment I decided if I have missed out on Bitcoin, I will not miss out on any other thing.
13:36
SPEAKER_02: And that's what sent me into that rabbit hole to say what is possible.
13:41
SPEAKER_02: That's how it happened for me.
13:42
SPEAKER_00: Interesting.
13:43
SPEAKER_00: But here's the thing this sounds like you moved from surviving at a point in time where you know you are broke trying to get through this into strategy.
13:54
SPEAKER_00: Absolutely.
13:55
SPEAKER_00: But how do you think other Africans can do that?
13:58
SPEAKER_00: Because I see so many people and they work day in, day out, so difficult, but they are not putting any strategy by building wealth.
14:06
SPEAKER_02: So I I think I I tend to get controversial over this subject matter, and it's not that I enjoy controversy, and there are a few times I've spoken about this, and people thought I had a problem with the educational system.
14:17
SPEAKER_02: I don't.
14:18
SPEAKER_00: I don't mind if you do.
14:19
SPEAKER_02: Yeah, I remember um I think it's broken, and everybody knows that it's broken.
14:24
SPEAKER_02: Yeah, I think that we're making do.
14:26
SPEAKER_02: Uh, I think that for a people who get updates on our freaking phone softwares every 24, 48, 72 hours, the fact that our educational systems have not been um updated in the last four centuries.
14:40
SPEAKER_00: Even the Bible app updates, and I think even the Bible app updates.
14:44
SPEAKER_02: Think about that, right?
14:45
SPEAKER_02: So so everybody knows it's broken.
14:47
SPEAKER_02: But the reason why I'm using that to answer the question is it's how we're built.
14:52
SPEAKER_02: The way we're built is if it doesn't work, keep hitting it, will.
14:56
SPEAKER_02: Yeah, and and there's a there's a slight difference between consistency and stupidity.
15:03
SPEAKER_00: Yeah, it's not saying insanity is doing the same thing over and over again, and expecting a different results.
15:08
SPEAKER_02: You took the words out of my mouth.
15:09
SPEAKER_02: So it's a very, very slight difference between just foolishly doing it and hope it's not a strategy.
15:16
SPEAKER_02: I hope one day it works.
15:17
SPEAKER_02: It's not a strategy.
15:18
SPEAKER_02: Action is a strategy, action is a strategy, executing and then pulling back, looking at the results, iterating, executing again, and then looking at results and measuring back against results is a better strategy.
15:30
SPEAKER_02: So I think the way we're educated is fundamentally the biggest problem.
15:34
SPEAKER_02: We are not educated to be thinkers, we are educated to be memory banks, and to be followers, and to be followers.
15:41
SPEAKER_02: So we don't go, uh, here is a problem.
15:45
SPEAKER_02: How do I bring critical thinking to the table and solve this?
15:49
SPEAKER_02: We go, here is a problem.
15:50
SPEAKER_02: This is how I know it works.
15:55
SPEAKER_02: Right?
15:55
SPEAKER_02: That's the kind of our idea.
15:57
SPEAKER_02: So, what will happen is the way to go is you need to re-educate yourself.
16:02
SPEAKER_02: You need to go into different uh modes of thinking.
16:05
SPEAKER_02: So you need to bring in things like meta-learning, you need to learn how to learn.
16:09
SPEAKER_02: Yeah, uh, you need to bring uh all these types of other systems, SWOT analysis.
16:14
SPEAKER_02: This thing that I'm about to do.
16:15
SPEAKER_02: What are my strengths?
16:16
SPEAKER_02: What are my weaknesses?
16:16
SPEAKER_02: What are my opportunities?
16:17
SPEAKER_02: What are my threats?
16:18
SPEAKER_00: 100%.
16:19
SPEAKER_02: A SWOT analysis, something very simple.
16:21
SPEAKER_02: You know, have I even done a market research on this thing that I'm trying to do?
16:24
SPEAKER_02: How many people need this product?
16:26
SPEAKER_02: How many people need this service?
16:28
SPEAKER_02: What does that actually look like?
16:29
SPEAKER_02: So I think that it it borderline you you will come to how we think, and people don't move to strategy because they've not been taught that strategy is the way to go.
16:42
SPEAKER_02: I moved into that because in between, all of the time, because you remember, you will put us down and we watch YouTube videos, we will see what other PR people are doing.
16:51
SPEAKER_02: You will find a PR for me and say, This is the work of a publicist.
16:55
SPEAKER_02: Learn from that person, right?
16:56
SPEAKER_02: So for me, that's how it went.
16:57
SPEAKER_02: So, in between the times, I started watching people like Gary Vaynerchuk, who at the time was championing digital marketing when it was not sexy.
17:04
SPEAKER_02: Because remember, at this time, we don't even have Instagram, we don't have Twitter, we have just come from high five and my space, and Facebook just remember my space, yes, and Facebook just knocked on the door.
17:15
SPEAKER_02: These are very, very early days.
17:16
SPEAKER_02: Our only search engine is Yahoo.
17:17
SPEAKER_02: We don't even have Google, yeah.
17:19
SPEAKER_02: Our our search engine is Binge, right?
17:20
SPEAKER_02: It's Yahoo Mail and Yahoo Messenger.
17:23
SPEAKER_02: Telling you're really revealing angel.
17:25
SPEAKER_02: They don't know what binge is, right?
17:28
SPEAKER_02: So it's very, very early.
17:30
SPEAKER_02: But I'm looking at people like Gary Veynerchuk, I'm looking at people like Les Brown, who at the time was a motivational speaker.
17:35
SPEAKER_02: So I now have a new um system of information that is different from the one that I had from what I learned in school with everybody.
17:44
SPEAKER_02: So once I confronted any type of issues, I had now different boxes of data that I can use.
17:50
SPEAKER_02: And that's the reason why when it wasn't working, I switched to strategy.
17:54
SPEAKER_02: Otherwise, I would have stayed in survival mode and used hope as a strategy.
17:58
SPEAKER_02: So I think borderline, our education, how we're raised, how we think is shaping the way we go about some of these things.
18:05
SPEAKER_00: You know, what you're saying is so valuable because I keep trying to explain to people that if you want to change your life, right?
18:11
SPEAKER_00: The first thing you have to change is the information coming in.
18:13
SPEAKER_02: Easy.
18:14
SPEAKER_00: Because wherever you are, it's because of the information you were given in the past.
18:18
SPEAKER_00: Absolutely.
18:18
SPEAKER_00: And you kept repeating those patterns to bring you garbage in, garbage out.
18:22
SPEAKER_00: Simple.
18:22
SPEAKER_00: So if your life is garbage, we know what is going in.
18:25
SPEAKER_00: Thank you.
18:25
SPEAKER_00: Simple as that.
18:26
SPEAKER_00: But so many people in Africa, especially let me speak for Ghana because Ghana we did.
18:30
SPEAKER_00: So many people in Ghana are afraid to change, absolutely, afraid to think, afraid to even there, you know.
18:36
SPEAKER_00: Like, let me tell you something funny.
18:38
SPEAKER_00: See, before we started, you were talking about you loved it when you saw me doing these videos on Instagram and everything.
18:44
SPEAKER_00: Let me tell you something.
18:45
SPEAKER_00: Um, a friend in the industry, right?
18:48
SPEAKER_00: Like a month after I started the videos, met me, and then you know that thing where somebody's trying to laugh at you, right?
18:54
SPEAKER_00: And he's like, hey Richie, right now there you'd be inspirational speaker.
18:57
SPEAKER_00: Then he laughed, and I was like, Yeah, I am.
19:00
SPEAKER_00: And then he realized it's like my joke wasn't funny.
19:05
SPEAKER_00: I I don't understand why people like to get boxed in in one place.
19:10
SPEAKER_02: Let me say this to you Joe Baden.
19:11
SPEAKER_02: Uh Joe Biden's number just came out.
19:14
SPEAKER_02: Um, the rapper.
19:15
SPEAKER_02: I hope I hope I got his name right.
19:16
SPEAKER_02: Joe Joe Biden also.
19:18
SPEAKER_02: Yeah, he did 32 million dollars last year on podcast, ads, um, uh sponsors, uh, numbers on YouTube.
19:25
SPEAKER_00: Please, I'm coming to you for tutorials to monetize this.
19:28
SPEAKER_00: Okay, let me turn my passion into business to profit right there.
19:33
SPEAKER_02: Right.
19:33
SPEAKER_02: 32 million dollars.
19:35
SPEAKER_02: He's not put out an album in the last three years.
19:38
SPEAKER_02: Yeah, he's podcasting.
19:40
SPEAKER_02: I saw that people were um laughing at Christiatha because he started doing the food reviews.
19:46
SPEAKER_02: And I'm like, why?
19:47
SPEAKER_02: Why are we so myopic and naive?
19:50
SPEAKER_00: You know, it's like I said these things from the beginning days when we started doing music and we'll do remixes and people will complain and stuff.
19:57
SPEAKER_00: I I remember telling somebody that look, um Neo, Neil had one song, I can't remember, is it um Independent Woman or Miss Independent?
20:07
SPEAKER_00: So he had Miss Independent, which was a big hit all over the state.
20:10
SPEAKER_00: We're dancing to it in Africa and everything.
20:13
SPEAKER_00: Then the next thing I heard was a Euro remix.
20:16
SPEAKER_00: Yes.
20:16
SPEAKER_00: And I'm thinking, wait, this guy has a song that is trending worldly, globally, and he's done a remix just for Europe for Europe.
20:25
SPEAKER_00: Yep.
20:26
SPEAKER_00: And we are here with a hit song in a crowd, and we're afraid to do a remix for Kumasi.
20:31
SPEAKER_00: How?
20:33
SPEAKER_00: And it it it's it's in everything that we do, we feel it's okay to be boxed.
20:38
SPEAKER_00: Be boxed in one, yeah.
20:39
SPEAKER_02: Yeah, yeah, yeah.
20:39
SPEAKER_02: Be boxed in.
20:40
SPEAKER_00: I am just at this, this is all I know.
20:42
SPEAKER_00: We have such a fixed mindset where we believe this person was born with this talent, and that is why they excel.
20:49
SPEAKER_00: So they can't do anything else.
20:51
SPEAKER_02: Anything else, they'll kill you.
20:52
SPEAKER_00: We don't understand anyone can grow.
20:54
SPEAKER_00: It's like how I mentioned the fact that I know you from PR.
20:58
SPEAKER_00: Right.
20:58
SPEAKER_00: So if you had asked me, if I'd drawn a trajectory for you, I would have said, oh yeah, this guy will grow up to be sitting on TV and doing the news or something, something.
21:09
SPEAKER_00: But you've transformed into something bigger.
21:12
SPEAKER_00: And what's nice is you're not even halfway in your life.
21:14
SPEAKER_00: No, so you will transform again.
21:15
SPEAKER_02: No, I'm always yeah, you should have seen what happened when I wanted to transition from showbiz, our former colleagues.
21:21
SPEAKER_02: You should have.
21:21
SPEAKER_02: Insulted you, eh?
21:22
SPEAKER_02: Oh my god.
21:23
SPEAKER_02: I remember two people, very famous people, they call me, say, Kwame, are you mad?
21:29
SPEAKER_02: Chris Atoll, Iso Pele, John Jermaine, Jay Foley, Jeremy.
21:37
SPEAKER_03: The next generation.
21:38
SPEAKER_03: You are literally the next big thing.
21:41
SPEAKER_03: And this thing that people are glamouring for, just when it's about to be your break, you decrease.
21:47
SPEAKER_02: You delete this thing, go do what?
21:50
SPEAKER_02: I I looked at them, I'm like, thank you for your advice.
21:53
SPEAKER_02: I'll I'll reconsider my decision.
21:55
SPEAKER_00: But I also say I never get upset with somebody for giving me their wrong.
22:00
SPEAKER_00: At all.
22:00
SPEAKER_00: Because it's their point of view.
22:02
SPEAKER_00: Yes, yes, yes, yes.
22:03
SPEAKER_00: You know, not everyone can see your vision.
22:05
SPEAKER_02: Those two guys that gave me this advice about six years later, after the brand evolved, and I started uh traveling the world, uh speaking, blah, blah, blah.
22:14
SPEAKER_02: One of these days in South Africa, I was in a conference and the two of them were around.
22:19
SPEAKER_00: Oh, nice.
22:19
SPEAKER_02: So they started a conference.
22:21
SPEAKER_02: I did my presentation, and then after we met, like, yo, I don't follow everything.
22:25
SPEAKER_02: They be Tama Boys.
22:28
SPEAKER_03: I don't follow everything.
22:29
SPEAKER_03: Charlie, you spoil it.
22:31
SPEAKER_03: I knew it.
22:32
SPEAKER_03: I love it when they say that.
22:34
SPEAKER_03: You knew what?
22:35
SPEAKER_03: They knew it.
22:35
SPEAKER_03: No, they didn't.
22:38
SPEAKER_02: So you, if you're not careful, they'll box you in.
22:41
SPEAKER_02: Um, but but what I've realized is competencies have varying expressions.
22:46
SPEAKER_02: Because you're a creative, when I saw all of the other things that spun out, you know, when I saw you doing the videos, oh God, I was excited.
22:54
SPEAKER_02: Because I felt like that big brother that I had in the studio that would sit me down and talk to me about life, talk to me about strategy, talk to me about how to carry myself and all of that.
23:03
SPEAKER_02: I felt like a lot more young people needed that.
23:06
SPEAKER_02: So when I saw that you were putting the content, oh, I was excited.
23:09
SPEAKER_02: And I was just hoping that it just goes the entire stretch.
23:13
SPEAKER_02: Um, music mentorship, music executive mentorship, um, building brands, building companies, building artists, building style brands.
23:23
SPEAKER_02: Like, like, like I was excited about it.
23:26
SPEAKER_02: So, yeah, if you're not careful, you'll be boxed in.
23:28
SPEAKER_02: That's just what it is.
23:29
SPEAKER_00: So, do you think that's the reason why Africa or Africans are so left behind when it comes to tech and finance?
23:36
SPEAKER_02: I think that um that's one of the reasons.
23:38
SPEAKER_02: One of the reasons are um we like the status quo.
23:42
SPEAKER_00: Hey, we do, yeah.
23:44
SPEAKER_02: But yeah, doctor, the the greatest enemy to it can be done better is it has always worked this way.
23:51
SPEAKER_00: Yeah, yeah.
23:53
SPEAKER_02: So so that's it.
23:54
SPEAKER_02: Don't don't don't innovate.
23:55
SPEAKER_02: Yeah, don't don't.
23:56
SPEAKER_02: It works, don't touch it.
23:58
SPEAKER_02: That's the thinking.
24:00
SPEAKER_00: People misunderstand the expression, don't change a winning team.
24:03
SPEAKER_00: Yes, so they keep the winning team till it becomes a losing team.
24:06
SPEAKER_02: A losing team, and then they don't have a team at all.
24:07
SPEAKER_02: Yeah, that's the problem.
24:09
SPEAKER_02: So, so I think that it's it's just it's just a paradigm.
24:12
SPEAKER_02: We we don't want to touch what is working.
24:15
SPEAKER_02: The danger with that is that you live in an ecosystem where the only constant is change.
24:21
SPEAKER_00: 100%.
24:21
SPEAKER_02: So we couldn't have said it better.
24:23
SPEAKER_02: If the only constant is change, remaining fixed is signing a highway journey onto oblivion.
24:32
SPEAKER_02: Still is retrogression, literally, there is everything else is moving.
24:37
SPEAKER_02: There is there is no such thing as a middle ground.
24:39
SPEAKER_02: People don't understand this.
24:40
SPEAKER_02: You are either at any point in time moving forward or moving back.
24:44
SPEAKER_02: Um, where is Blackberry?
24:47
SPEAKER_00: Hey, but do you remember my Blackberry fight?
24:49
SPEAKER_03: You you used to be on the side of Blackberry, so I remember Blackberry is gone.
24:58
SPEAKER_03: Hey, I was standing alone fighting that Blackberry would die.
25:03
SPEAKER_03: Well, they are dead, and it was suicide.
25:06
SPEAKER_00: Yeah, they're gone.
25:07
SPEAKER_00: But look, you mentioned Blackberry, let's look at a few.
25:10
SPEAKER_00: Do you remember those days we had the term Kodak moment?
25:13
SPEAKER_02: Kodak moment.
25:14
SPEAKER_00: Because if it was not Kodak, it was not a camera.
25:16
SPEAKER_00: No, it wasn't, it didn't exist.
25:18
SPEAKER_02: Kodak was the apple of the day.
25:20
SPEAKER_02: But when they missed the opportunity to go into digital cameras, interestingly, do you know there was an in-house person that presented the digital camera model to the Kodak board?
25:28
SPEAKER_02: Oh, yeah.
25:29
SPEAKER_02: And they said this is a child project.
25:31
SPEAKER_02: Exactly.
25:31
SPEAKER_02: Throw it away.
25:32
SPEAKER_02: Yeah, that's a good thing.
25:35
SPEAKER_00: And the same thing happened with Blockbuster.
25:38
SPEAKER_02: Blockbuster on and on.
25:40
SPEAKER_02: They had an opportunity to purchase Netflix.
25:42
SPEAKER_02: They said no.
25:42
SPEAKER_00: Let me tell you another argument that I won.
25:44
SPEAKER_00: Tell me.
25:45
SPEAKER_00: You know, just like the Blackberry argument.
25:47
SPEAKER_00: So remember those days, the biggest phone was Nokia.
25:50
SPEAKER_00: Yes.
25:50
SPEAKER_00: Everybody loved Nokia.
25:51
SPEAKER_00: I was the biggest Nokia fan.
25:53
SPEAKER_00: Yes.
25:53
SPEAKER_00: And then came the Blackberry fights, and then um iOS came, iPhone came, right?
26:00
SPEAKER_00: And then Android came.
26:01
SPEAKER_00: Right.
26:02
SPEAKER_00: You know, so we had the HTCs.
26:04
SPEAKER_00: That time Samsung wasn't even in the media.
26:06
SPEAKER_00: HTC had come and all.
26:08
SPEAKER_00: So I remember one day um Nokia had to decide because we're on Symbian, and they had to decide they were moving away from Symbian.
26:16
SPEAKER_00: Yes.
26:16
SPEAKER_00: And they announced they were going to choose between Windows or Android.
26:21
SPEAKER_00: And then they announced that they had chosen Windows.
26:24
SPEAKER_00: So I had this argument with my people, and I said, Nokia just messed themselves up.
26:29
SPEAKER_00: And they were like, how?
26:29
SPEAKER_00: Nokia will never go there.
26:31
SPEAKER_00: I said, listen, Android is clearly going to be the future.
26:34
SPEAKER_00: It's fighting with Apple.
26:35
SPEAKER_00: Like these two are going to rise.
26:38
SPEAKER_00: So by them choosing Windows, even if they have the best hardware, you're gonna be in trouble.
26:43
SPEAKER_00: I couldn't win the argument on the day.
26:45
SPEAKER_00: So the argument ended with, let's wait and see.
26:47
SPEAKER_00: Well, we wait and we saw.
26:49
SPEAKER_00: Right there.
26:54
SPEAKER_00: They lost.
26:55
SPEAKER_00: But how do we get our people to start analyzing and looking at some of these things?
27:01
SPEAKER_00: Because I like to check trends, see what made people rise, see what made people fall.
27:06
SPEAKER_00: Like as we were mentioning, Blackberry, Nokia, um what do you call them?
27:11
SPEAKER_00: Kodak.
27:12
SPEAKER_00: There's so many companies like this.
27:14
SPEAKER_00: Why don't we learn how to learn from other people's experiences?
27:19
SPEAKER_00: You know, they say experience, experience teaches the fool, right?
27:22
SPEAKER_00: But the wise learns from the mistake of the fool.
27:26
SPEAKER_00: So what do we do?
27:28
SPEAKER_02: The why is hard.
27:30
SPEAKER_02: The the why do we do it is very hard.
27:33
SPEAKER_02: The what do we do?
27:34
SPEAKER_02: I can have a few suggestions.
27:36
SPEAKER_02: Now, all of these suggestions, this is one of the things I've learned in the last 14-15 years, being a professional speaker and a consultant and all of these things.
27:43
SPEAKER_02: You can only force the horse to the river.
27:46
SPEAKER_00: But not to drink the water.
27:47
SPEAKER_02: Welcome to Ghana.
27:49
SPEAKER_02: Oh my god, let's go for conference.
27:51
SPEAKER_02: So that will take you to the river.
27:53
SPEAKER_02: Oh, they will come.
27:55
SPEAKER_02: Let's drink from the river.
27:57
SPEAKER_02: They will leave the river, go oh my god.
28:00
SPEAKER_02: We are thirsty.
28:02
SPEAKER_02: Then they'll come along and say, Ritchie, stop all the English, show us the real truth.
28:05
SPEAKER_02: You just show them the truth.
28:07
SPEAKER_00: Thank you.
28:08
SPEAKER_00: I find it so funny.
28:09
SPEAKER_00: I say this all the time that you have entrepreneurs or motivational speakers or whatever it is coming to tell people the way they succeeded.
28:17
SPEAKER_00: And then at the end of the video or the seminar, they'll say, So you won't show us the way.
28:23
SPEAKER_00: I literally just showed you the way.
28:25
SPEAKER_00: When somebody tells you that it's discipline, yes, over a long time, yes, with nonstop consistency.
28:32
SPEAKER_02: Have you told them you used to do 16, 18 hours in the studio?
28:35
SPEAKER_02: They don't know to create hits.
28:36
SPEAKER_02: They don't know whatever we shouted is a hit, man.
28:39
SPEAKER_02: It was 16, 18 hours in the studio.
28:41
SPEAKER_02: Sometimes I want to go home and say, sit here, sit here.
28:43
SPEAKER_02: I might come up with an idea, you write a story for the morning.
28:46
SPEAKER_00: Right now, I am making my people look at me like I haven't changed it.
28:49
SPEAKER_00: But they don't want to believe it.
28:51
SPEAKER_00: People want to believe there's a shortcut and stuff.
28:54
SPEAKER_00: You know, like even with crypto and all this, right?
28:58
SPEAKER_00: Part of the reason I haven't gotten like fully engulfed in it is I know myself.
29:03
SPEAKER_00: Right.
29:03
SPEAKER_00: The day I jump in, you will be in.
29:05
SPEAKER_00: Hey, you won't sleep.
29:07
SPEAKER_00: And I I don't believe in doing things half-fast.
29:11
SPEAKER_02: No, you don't.
29:12
SPEAKER_00: But then so why are we so comfortable with it?
29:14
SPEAKER_00: And yeah.
29:15
SPEAKER_02: Um, this is hard.
29:18
SPEAKER_02: 2022, I did uh a tertiary tour.
29:21
SPEAKER_02: I do it every year.
29:22
SPEAKER_02: Yeah.
29:23
SPEAKER_02: Um, so I go around uh 10, 15, 20 universities.
29:27
SPEAKER_02: Uh, whilst we're there, we speak to them, we tell them about the tech trends.
29:30
SPEAKER_02: Because the idea is that most of what you're learning in the classroom will be absolutely unuseful.
29:35
SPEAKER_02: I mean, yeah, it would be useless by the time you you get out.
29:38
SPEAKER_02: So here is extra information for you so that when you get out, you have something to do.
29:44
SPEAKER_02: I go to a university, let me not mention their name.
29:46
SPEAKER_02: So if I mean this will go viral, they don't come for me.
29:49
SPEAKER_02: It's on the other side of town, it's not an Accra University, it's not a Kumasi University.
29:53
SPEAKER_02: 900 kids are in the room.
29:54
SPEAKER_02: On that day, uh, I get up on my feet.
29:57
SPEAKER_02: There are uh Chat GPTs out four months in.
30:00
SPEAKER_02: I ask, how many of us know Chat GPT?
30:03
SPEAKER_02: Four people in the room.
30:04
SPEAKER_02: 900 people are in the room.
30:06
SPEAKER_02: Then we finish the meeting, uh, give out a laptop, paid some school fees, helped people with hostel fees, got a few people a hundred dollars each, start trading bit uh um on Binance, blah, blah, blah.
30:16
SPEAKER_02: And then we have a bunch of people.
30:18
SPEAKER_02: This is about 50 uh plus people rush to the car.
30:22
SPEAKER_02: I'm thinking they're coming to ask questions, they want to get tools, they want to get, you know, courses that they can learn.
30:29
SPEAKER_02: They say the item 13 wasn't enough.
30:35
SPEAKER_02: Broke my heart.
30:38
SPEAKER_02: Wow.
30:39
SPEAKER_02: Nothing concerned them.
30:41
SPEAKER_02: The item 13 was I came to tell you the reason why I am able to afford to give you a laptop and bring this conference to you for free and give the item 13 that was not enough, is because of the information I just gave you.
30:54
SPEAKER_02: Yeah, and the one thing you took out of the conference was that the meat pie and coke was not enough.
31:00
SPEAKER_00: So it's painful.
31:01
SPEAKER_02: The why, I don't know.
31:02
SPEAKER_02: But what can we do?
31:03
SPEAKER_02: Maybe there's somebody who's listening who really wants to change their life.
31:07
SPEAKER_00: What can we do?
31:08
SPEAKER_00: Because I like the fact that you even mentioned Chat GPT.
31:11
SPEAKER_00: You know, I've seen so many Ghanaians talk about AI, and I say they're always two extremes.
31:16
SPEAKER_00: Right.
31:17
SPEAKER_00: There are the people who are scared of AI, right?
31:19
SPEAKER_00: Like, you know, there's going to be a robot apocalypse that's going to wipe everything out.
31:24
SPEAKER_00: And there are the people who have become so dependent on AI that they can't even think for themselves.
31:30
SPEAKER_00: But AI is just a tool.
31:31
SPEAKER_00: It's a tool.
31:32
SPEAKER_00: It's the same way social media is a tool.
31:34
SPEAKER_00: Absolutely.
31:35
SPEAKER_00: And a tool can either be used for good or bad.
31:37
SPEAKER_00: It depends on the person using it.
31:40
SPEAKER_00: So, how do we educate those watching right now on AI?
31:44
SPEAKER_00: Let them understand the benefits of it.
31:46
SPEAKER_00: I I think we live in a world right now.
31:48
SPEAKER_00: I always say that back in the days, to make a million dollars, you needed an army.
31:53
SPEAKER_00: Right.
31:53
SPEAKER_00: Right now.
31:54
SPEAKER_00: You need a phone.
31:55
SPEAKER_00: You need a phone.
31:56
SPEAKER_00: That's it.
31:57
SPEAKER_00: You can hire a team of a hundred all on your phone.
32:00
SPEAKER_00: So, how do we let people understand the benefits of this?
32:03
SPEAKER_02: I think the fundamentals are important.
32:05
SPEAKER_02: I think fundamentally we need to educate people about the fact that technology is not the enemy.
32:10
SPEAKER_00: 100%.
32:11
SPEAKER_02: A lot of people, when they think technology, the first thing they think about is clunky hardware or software.
32:16
SPEAKER_02: That's the technology.
32:17
SPEAKER_02: The basic idea of what technology is is anything that makes work easier, faster, cheaper, and efficient.
32:24
SPEAKER_02: That's it.
32:24
SPEAKER_02: It's a level.
32:26
SPEAKER_02: Easier, faster, cheaper, more efficient.
32:28
SPEAKER_02: If that's your girlfriend, that's your technology, right?
32:31
SPEAKER_02: That's just it.
32:32
SPEAKER_02: So if you think about it like that, then you realize how much technology is in our life that we don't realize.
32:39
SPEAKER_02: The spoon is a technology.
32:40
SPEAKER_02: Yeah, the cutlery is a technology.
32:43
SPEAKER_00: Because trust me, when they were eaten with only their hands and somebody invented the spoon, that was like, oh my god.
32:49
SPEAKER_02: Right.
32:50
SPEAKER_02: So think about when there were no little, how they do no mumu at the museum.
32:53
SPEAKER_00: Yeah, when there's hot right, so that's technology.
32:58
SPEAKER_02: Radio was technology, television was technology, and the same way our parents panicked when they saw radio, the same way our grandparents panicked when they saw television, yeah, is the same way our parents were saying that uh Facebook was 666.
33:13
SPEAKER_02: Yes.
33:14
SPEAKER_02: Technology, whenever it shows up, because it disrupts the status quo, because it comes to take a little bit of the redundant work that we're doing, the first uh response to it is the amygdala at the back of our brain goes run.
33:30
SPEAKER_02: So that that's the that's the component in our brain for uh fight or flight.
33:33
SPEAKER_02: Yeah, so immediately we hear technology, we go flight.
33:36
SPEAKER_02: Because we feel we're being attacked.
33:37
SPEAKER_02: We we feel attacked, right?
33:38
SPEAKER_02: And so that's the reason.
33:40
SPEAKER_02: You know, when Uber showed up in the beginning, no, it was not Uber first, was it Uber?
33:43
SPEAKER_02: Yes, yeah.
33:44
SPEAKER_02: When Uber showed up, the the taxi uh association drive them to court, yeah, and they started beating the drivers on the road.
33:51
SPEAKER_02: That's the amygdala.
33:52
SPEAKER_02: That is our response to technology all the time.
33:56
SPEAKER_02: Every generation has responded like that.
33:58
SPEAKER_00: You know, people were talking about like AI and copyright, yes.
34:02
SPEAKER_00: They were talking about generative AI and the fact that it's not creating real images, right?
34:06
SPEAKER_00: So it's not actually creativity, you can't copyright it, blah, blah, blah, blah, blah.
34:11
SPEAKER_00: And then I learned about the fact that when photography came, it took 50 years for a photograph to be accepted as intellectual property.
34:21
SPEAKER_00: Absolutely.
34:21
SPEAKER_00: Because those who were painting felt that this isn't creativity, all you are doing is just grabbing an image of something that exists.
34:29
SPEAKER_00: Exactly.
34:29
SPEAKER_02: So that's what I'm saying.
34:30
SPEAKER_02: That fundamentally we need to understand that technology is not the enemy.
34:34
SPEAKER_02: Yeah, if you see technology as a non-enemy, it radicalizes the way you look at it.
34:39
SPEAKER_02: Because then you move from competing to collaboration, which is where the world is going.
34:45
SPEAKER_02: The world is not the world is going, the world is currently a machine-human collaborative environment.
34:52
SPEAKER_02: The car you drive is a machine-human collaborative environment.
34:57
SPEAKER_02: It's been that way for a long time.
34:59
SPEAKER_02: You are just panicking again because, in your time, a revolutionary idea burst forth as a technological product that we think.
35:09
SPEAKER_02: When the television came, they called it the devil in a box.
35:13
SPEAKER_02: Right?
35:14
SPEAKER_02: When Facebook came, they called it the Antichrist.
35:16
SPEAKER_02: AI is here, they said it is the antichrist.
35:19
SPEAKER_02: First things first, it is not the enemy.
35:22
SPEAKER_02: Then, once we get over that, the next thing will be how do I collaborate?
35:26
SPEAKER_02: Because whether you like it or not, think about it.
35:29
SPEAKER_02: I did a product for parents.
35:30
SPEAKER_02: It was called digital kidnapping.
35:32
SPEAKER_02: Okay, if you have a young child between the ages of four to twelve that plays Fortnite, whether you like it or not, you better know what's happening with technology.
35:42
SPEAKER_02: Yeah.
35:42
SPEAKER_02: Because the kind of effect a very good friend of mine had a son.
35:47
SPEAKER_02: The young boy will not talk to anybody, absolute introvert.
35:52
SPEAKER_02: You can get nothing to come out of the boy's mouth until during COVID, I went over to stay with them a couple of days.
36:00
SPEAKER_02: And I stayed in the same room with a young man because he wanted somebody to get close to him and understand if there was anything wrong.
36:07
SPEAKER_02: Why is it that he doesn't open up?
36:09
SPEAKER_02: Bro, until I found out the boy was the gang leader in his Fortnite crew.
36:14
SPEAKER_02: That's right.
36:15
SPEAKER_02: He was a king in the game.
36:18
SPEAKER_02: He's loud, he's commandeering, he's an alpha male in there in the game.
36:24
SPEAKER_02: He exists in a world his his mother didn't know of.
36:27
SPEAKER_02: Yeah, this world was boring, and he just didn't want to talk about it.
36:30
SPEAKER_02: Right.
36:30
SPEAKER_02: So I remember in part of our earlier conversation when we're planning for this, uh, something came up about people who say it's technology for me, is it's not for me.
36:38
SPEAKER_02: Farm.
36:38
SPEAKER_02: Even if you escape it in the industrial complex, if you escape it in your work, you will come and deal with it at home.
36:46
SPEAKER_02: Right?
36:46
SPEAKER_02: So just understand that one, tech is not the enemy, two, then it's it's it brings the question of how do I collaborate with it.
36:53
SPEAKER_02: Here is what I'll say to you, as somebody who is uh a subject matter expert, very, very simple.
37:00
SPEAKER_02: Number one, jump two to three years ahead of the curve.
37:05
SPEAKER_02: As a futurist, that's what I'll say to you.
37:06
SPEAKER_02: So that's what you said is very, very powerful.
37:09
SPEAKER_02: Stay ahead of the trend.
37:12
SPEAKER_02: When people were thinking AI, I was and people were thinking simple tasks like what ChatGPT does, LLM, uh, it learns um uh language modeling, all of that.
37:22
SPEAKER_02: We were already looking at agent work where everything is automated into one system.
37:27
SPEAKER_02: Yeah, so that one system does everything now, and now that is doing it, doing that.
37:31
SPEAKER_02: So I'm already looking at the next two, three years because what everybody is looking forward to is artificial general intelligence.
37:39
SPEAKER_02: When these systems become autonomous and they are able to add to their learning in real time and improve in everything that they're doing.
37:46
SPEAKER_02: So as they are learning, they are improving in real time, and you don't need to tell them anything.
37:50
SPEAKER_02: Get ahead of the curve.
37:52
SPEAKER_02: Let's think about this, Richie.
37:54
SPEAKER_02: When you and I started in 2010, there were no drones.
38:00
SPEAKER_00: Nope.
38:01
SPEAKER_02: For us to get aerial shots, you need a helicopter, go up there, and a cameraman, a cameraman jumps.
38:06
SPEAKER_00: Who's not afraid of heights?
38:07
SPEAKER_02: No, because jumping, yes, and then he needs to the issue I'm asking you is did aviation or media see the drone coming?
38:16
SPEAKER_00: No.
38:17
SPEAKER_02: One guy sat there and said, This system is very inefficient.
38:22
SPEAKER_02: Yeah, what if we could take aviation, mix it with media, a whole new industry was born.
38:28
SPEAKER_02: Aviation didn't control it, media didn't control it.
38:31
SPEAKER_02: Yeah, that's the kind of thing we're talking about.
38:34
SPEAKER_02: If you're not looking ahead, you won't even see it coming.
38:37
SPEAKER_00: Even a more current example is social media.
38:40
SPEAKER_00: Easy.
38:40
SPEAKER_00: I remember when it started Facebook.
38:42
SPEAKER_00: Right.
38:42
SPEAKER_00: If you remember, when we started our Facebook um pages, pages, people were looking at us funny.
38:47
SPEAKER_00: That's why we shut up with social media very fast.
38:50
SPEAKER_00: And I remember when um traditional media kept looking down on social media all the time, like, oh, this thing will pass, this thing is not important.
38:59
SPEAKER_00: They used to laugh at people who use social media.
39:01
SPEAKER_00: They said they are not real journalists and everything.
39:03
SPEAKER_00: Yeah.
39:03
SPEAKER_00: Until it suddenly reached a point where now, if you are a TV station or a radio station and you are not broadcasting through social media, nobody's watching.
39:12
SPEAKER_00: In fact, people will even go and watch you because they saw you on social media.
39:17
SPEAKER_00: So don't people study trends, study patterns, and realize that it always keeps going like that?
39:22
SPEAKER_02: The only thing we have learned from history is that people never learn from history.
39:26
SPEAKER_00: 100%.
39:27
SPEAKER_00: So sad.
39:28
SPEAKER_02: That's it.
39:28
SPEAKER_02: That's the only thing we've learned from the past.
39:30
SPEAKER_00: Because I've been looking at the trajectory of AI, right?
39:34
SPEAKER_00: Now, I see those who use AI in a very generic way and just go and do some prompt, you know, give me 10 ideas for social media campaign, but then it gives you very generic ideas.
39:47
SPEAKER_00: What they don't realize is if you are a content creator who knows what you are doing and you add AI as a tool, your ability you don't even understand what you've done, it's multiplied.
40:01
SPEAKER_00: So if you are a content creator and you're competing with another who's on your level, right, and they master AI, you're finished.
40:09
SPEAKER_00: You're finished.
40:09
SPEAKER_00: You're finished.
40:11
SPEAKER_00: You may be able to beat that person who knows nothing about content creators.
40:14
SPEAKER_02: But the one is gone.
40:16
SPEAKER_02: It's it's always the multiply effect.
40:20
SPEAKER_02: Technology is an enabler.
40:22
SPEAKER_02: Yes, it's as simple as that.
40:24
SPEAKER_00: It's like you want to do finance.
40:26
SPEAKER_00: Yeah, you are great accountants.
40:27
SPEAKER_00: Yes, you sit behind Excel and type all the time.
40:31
SPEAKER_00: Right.
40:31
SPEAKER_00: Do you know how powerful you would be if you mastered how to do finance and combine it with AI?
40:38
SPEAKER_00: You know when Excel started?
40:39
SPEAKER_00: Yes.
40:40
SPEAKER_00: Accountants saw Excel as a challenge.
40:42
SPEAKER_00: Yes, yeah, yeah.
40:43
SPEAKER_00: They said this isn't real accounting.
40:45
SPEAKER_00: A real accountant must use a calculator and do things and write things.
40:49
SPEAKER_00: In fact, when the calculator came, came, they said this isn't maths.
40:52
SPEAKER_02: We can go back over and over and over again.
40:56
SPEAKER_02: It doesn't change.
40:58
SPEAKER_00: We need to find a way to let people start learning how to think ahead.
41:02
SPEAKER_02: Ahead, yes.
41:03
SPEAKER_02: That's the work that we try to do as futurists.
41:06
SPEAKER_02: Um, get people to think ahead, get people to see five steps ahead of the of the road because that's the only way we can.
41:14
SPEAKER_00: Let's not go five steps.
41:15
SPEAKER_00: Okay, let's go five steps.
41:16
SPEAKER_00: Let's go five steps.
41:16
SPEAKER_00: 2030.
41:17
SPEAKER_00: 2030.
41:18
SPEAKER_00: Paint a picture for the ideal, futuristic Ghana with tech and money.
41:23
SPEAKER_00: Ghana.
41:25
SPEAKER_02: Um ideal, right?
41:27
SPEAKER_02: So this is my ideal.
41:29
SPEAKER_02: Yes.
41:29
SPEAKER_02: Okay, let's start with education.
41:31
SPEAKER_02: Okay.
41:31
SPEAKER_02: Education is ubiquitous, it is decentralized, you don't need a classroom, um, it is cheap, it is focused on building thinkers who build solutions.
41:42
SPEAKER_02: Um it is not age-driven.
41:46
SPEAKER_02: We do not give grades, we give um so there's a current system for that education.
41:54
SPEAKER_02: In Sweden, the system of education they run, the kids are not incentivized with position.
42:00
SPEAKER_02: I was first, I was second.
42:02
SPEAKER_02: The kids are incentivized with whatever you make in your academics, are points you can convert to actually use as money.
42:10
SPEAKER_00: Nice.
42:10
SPEAKER_02: So the kids are able to.
42:12
SPEAKER_02: What was your grade?
42:12
SPEAKER_02: Three point this.
42:13
SPEAKER_02: Three point this translates to say, say, let's say the uh the Swedes, the the Sweden people use the dollar.
42:19
SPEAKER_02: So your 3.8 GPA translates to$300 for you this semester.
42:24
SPEAKER_00: I asked this all the time.
42:25
SPEAKER_00: Yeah that if we've created a world, bear in mind, we created we created it.
42:29
SPEAKER_00: We've created a world which is so dependent on money.
42:32
SPEAKER_00: Yeah, how is it that you go to school for about 12 years and you never learn money?
42:39
SPEAKER_02: No, sir.
42:40
SPEAKER_02: That's you will get us into trouble, Richie.
42:43
SPEAKER_02: I I came here.
42:44
SPEAKER_03: I'm not afraid of father.
42:46
SPEAKER_00: So basically, you are saying that in five years' time, you hope we have education and not indoctrination.
42:52
SPEAKER_00: Thank you so much.
42:52
SPEAKER_02: Um I hope we don't have indoctrination camps that is creating factory workers who follow others who I'll get into trouble.
43:01
SPEAKER_02: Yes.
43:01
SPEAKER_00: So futuristic palm, are you trying to say we are in slavery with education?
43:06
SPEAKER_00: Because that's what it sounds like.
43:08
SPEAKER_02: I denounce and renounce anything coming out of Richie's mouth in Jesus' name.
43:14
SPEAKER_02: Yeah, yeah.
43:17
SPEAKER_02: I had somebody come to look for a job.
43:19
SPEAKER_02: I look at my brother and I tell him this story.
43:21
SPEAKER_02: He's very interested in the story, so I tell him.
43:23
SPEAKER_02: He came to look for a job.
43:24
SPEAKER_02: He wanted to be a social media manager.
43:26
SPEAKER_02: So he came, he's gonna run.
43:28
SPEAKER_02: Uh at that time, I had about five brands.
43:30
SPEAKER_02: So he's gonna take that, he's gonna run it.
43:32
SPEAKER_02: Uh, I asked him how much he wants for salary.
43:34
SPEAKER_02: He mentions a salary that is more than my salary at that time.
43:37
SPEAKER_02: So I'm like, awesome.
43:38
SPEAKER_02: You should be absolutely worth it.
43:40
SPEAKER_02: So, this is what you're gonna do.
43:41
SPEAKER_02: I'm gonna send you a bunch of documents, read through them.
43:44
SPEAKER_02: Some of them will need some signing.
43:46
SPEAKER_02: Just do a quick sign, send them over.
43:48
SPEAKER_02: About two days later, I am not getting the response.
43:51
SPEAKER_02: What's going on?
43:52
SPEAKER_02: The young man says, uh, print out for no more, I'm my way home best.
43:56
SPEAKER_02: I'm a printing, now I'm a sign in, I'm a traffic chart.
43:58
SPEAKER_02: Send you.
43:59
unknown: Well.
44:00
SPEAKER_00: When is this is this 2005?
44:02
SPEAKER_02: No, sir.
44:03
SPEAKER_02: I mean, when did I become well to do that?
44:05
SPEAKER_02: I'll be hiring people talking five years ago at it.
44:08
SPEAKER_00: So you mean in this modern world, he doesn't know how to study the graduate.
44:12
SPEAKER_00: Oh, nice.
44:15
SPEAKER_02: This is why I have no belief in CVs.
44:17
SPEAKER_02: I say I say to people, CVs are the legal way of lying about yourself.
44:23
SPEAKER_00: Just so you know, anytime I'm supposed to do job interviews and they send me CVs.
44:27
SPEAKER_00: I don't look at it.
44:28
SPEAKER_00: I look at three things.
44:29
SPEAKER_00: Yes.
44:29
SPEAKER_00: I look at the person's name, the person's age, and then what the person's last job.
44:36
SPEAKER_00: That's it.
44:36
SPEAKER_00: Those are the three things.
44:37
SPEAKER_02: I don't even look at CVs.
44:38
SPEAKER_02: So right now, the way I run my company is like a beehive.
44:41
SPEAKER_02: There's a guy in Nigeria wearing boxers who does all the client jobs for websites.
44:46
SPEAKER_02: I've never seen him physically face to face before.
44:49
SPEAKER_02: Never.
44:49
SPEAKER_02: The person that does my video editing is a young girl.
44:52
SPEAKER_00: Is she in Ghana?
44:53
SPEAKER_02: No, in Nigeria.
44:55
SPEAKER_02: Why?
44:56
SPEAKER_02: Because a certain work ethic exists.
44:58
SPEAKER_02: In Ghana, when people are doing work for you, they are doing you a favor.
45:01
SPEAKER_00: They're doing you a favor.
45:02
SPEAKER_02: Yeah, I can't do it.
45:03
SPEAKER_00: You can pay somebody plenty, but then they're still doing you a favor.
45:06
SPEAKER_02: I used to have an assistant that I was assisting.
45:09
SPEAKER_00: Oh, I had one too.
45:10
SPEAKER_00: I had an assistant that I needed to call and remind me.
45:14
SPEAKER_00: Remind me.
45:15
SPEAKER_00: Have a meeting in an hour.
45:16
SPEAKER_02: I'm like, madam, you I'm paying you to work for you.
45:20
SPEAKER_02: I'm sorry.
45:21
SPEAKER_02: I've done some before.
45:22
SPEAKER_02: No, I work a lot.
45:23
SPEAKER_02: I work with Nigerians, I work with Philippians, uh Philippines, I work with um I work with Indians.
45:29
SPEAKER_02: Um that's sad.
45:30
SPEAKER_00: So are you saying as bad as the educational system is globally, the Ghana educational system is worse?
45:36
SPEAKER_02: It's terrible.
45:37
SPEAKER_00: Charlie.
45:37
SPEAKER_02: It's terrible because when the defense near the car, when the near A.
45:41
SPEAKER_02: It your D first knowing this interview, bring my time of times, Omori.
45:53
SPEAKER_00: Since we're talking about the future and we're talking about education, let's be specific.
45:57
SPEAKER_00: You and I, right now, maybe someone watches this podcast and they say, Richie Kwame creates the perfect educational system in 2030.
46:09
SPEAKER_00: What does that look like?
46:10
SPEAKER_02: I can't.
46:10
SPEAKER_02: First of all, I can't.
46:11
SPEAKER_02: I can't create a perfect educational system.
46:14
SPEAKER_02: There are things in our current educational system that are good that we can keep.
46:18
SPEAKER_02: The things that I think should change is that the model should not point to those cascading systems of this is first, this is second, why we are born.
46:27
SPEAKER_02: Intelligence is so diverse.
46:29
SPEAKER_02: The guy that was first in physics is using intelligence.
46:32
SPEAKER_02: Lionel Messi is using intelligence.
46:35
SPEAKER_02: Richie Mensa is using intelligence.
46:37
SPEAKER_02: We need to redefine the scale with which we actually measure intelligence.
46:42
SPEAKER_02: The kind of editing that will go into this.
46:45
SPEAKER_02: The camera angles.
46:46
SPEAKER_02: If we brought you and you don't have the intelligence of the guys behind this camera, you will see what you will shoot.
46:50
SPEAKER_00: Let me help you with what you're saying.
46:52
SPEAKER_00: I keep trying to explain to people that intelligence is not an ability, but intelligence is an amount of information.
46:59
SPEAKER_00: Yes.
47:00
SPEAKER_00: I am intelligent at this because there's a certain amount of information.
47:05
SPEAKER_00: There's a boy out there who will flop in science, but he has been running girls for the past 20 years and has never failed.
47:13
SPEAKER_00: He is intelligent.
47:15
SPEAKER_00: He's intelligent enough.
47:18
SPEAKER_02: I always say this.
47:20
SPEAKER_02: If I get into trouble, I get into trouble.
47:23
SPEAKER_02: All fraud boys must be taken by the nation and studied.
47:28
SPEAKER_02: They are strategists.
47:30
SPEAKER_03: Don't ask, nobody can you talk to somebody to send them money.
47:36
SPEAKER_03: Even when I feed you, even when I'm offering you a service, I have to convince you to take your money.
47:41
SPEAKER_03: You have not seen me before.
47:43
SPEAKER_03: I convinced you with emails and and and fake calls and took$75,000 from you.
47:50
SPEAKER_00: Part of the reason fraud never entered my mind is when I look at what they are doing, I'm like, hey.
48:01
SPEAKER_02: Those are hyper-intelligent people that we should take and put into development planning committees.
48:07
SPEAKER_03: They were faking things before AI and even advanced.
48:13
SPEAKER_02: They are being artificially intelligent.
48:15
SPEAKER_00: But I think the rest of the world does this.
48:17
SPEAKER_00: This is why the FBI they will catch the criminal and put them in.
48:20
SPEAKER_02: Thank you.
48:21
SPEAKER_02: Because they understand.
48:22
SPEAKER_02: Yeah.
48:22
SPEAKER_02: So for me, what is the perfect educational system?
48:25
SPEAKER_02: I said again, it's ubiquitous.
48:27
SPEAKER_02: It means that it's it's open sourced, it's available everywhere.
48:32
SPEAKER_02: You don't need classrooms.
48:33
SPEAKER_02: Because have you do you actually realize that psychologically every research they've done on education actually shows us that the one thing that is antithetical to education is the boxed classroom that we put you in?
48:44
SPEAKER_02: So the environment that is supposed to facilitate learning is anti-learning.
48:47
SPEAKER_00: Yeah.
48:49
SPEAKER_02: So let's make it accessible at all times.
48:51
SPEAKER_02: Let's make it ubiquitous.
48:52
SPEAKER_02: Let's make it pointed towards.
48:54
SPEAKER_02: If I had an ideal school, when you come, I will not have more than 15 people in a class.
48:59
SPEAKER_02: And whatever it is they are studying, I would build it around systems of learning that attacks industries and problems that need solutions.
49:10
SPEAKER_02: So if you brought me 15 creative people, my creative class will be these 15 people are working towards how do we go into the next uh age of media for the country.
49:23
SPEAKER_02: So if I had 15 people in a creative class, I'm taking them through three years of teaching, I'm teaching them the latest.
49:29
SPEAKER_02: For instance, I'm seeing amazing cameras here.
49:32
SPEAKER_02: If you brought your people into my class, I would let them start looking at, for instance, all of these megaphones that are coming with these insane camera capabilities.
49:43
SPEAKER_02: Because soon, what would happen is if you this not if this thing is gonna go global.
49:49
SPEAKER_02: When you need to travel and go to South Africa and go to the UK to shoot, you could have a one-man army or a two-man army.
49:55
SPEAKER_02: Yeah, he's walking around with one Huawei Nova that shoots in 4K with the black magic app on it.
50:02
SPEAKER_02: He has another um uh friend, the uh these other ones, not just Huawei, there's uh oh, there's another Chinese company like that.
50:12
SPEAKER_02: Um Xiaomi.
50:14
SPEAKER_02: There's Xiao Ming.
50:15
SPEAKER_02: So he has one Xiaomi, uh, he has one forget my Samsung people.
50:18
SPEAKER_02: Yes, one Samsung.
50:20
SPEAKER_02: So he has that.
50:20
SPEAKER_02: Now you have those three.
50:22
SPEAKER_02: He's trapped in, he has all of his templates preloaded, all of his vectors, all of his um uh whatever, all of those technical stuff plugged in.
50:30
SPEAKER_02: He sits, he puts two tripods, three tripods, plugs on his phone, everything is connected in real time.
50:38
SPEAKER_02: He's recording, he's mixing on his little thing.
50:41
SPEAKER_02: Bro, by the time he's done shooting, 15 minutes later, the thing is ready to go.
50:45
SPEAKER_02: Look, COVID taught me a very valuable lesson.
50:48
SPEAKER_02: Tell me.
50:49
SPEAKER_00: So, pre-COVID, yes, every time we're releasing a song, we need to shoot a big and large, wonderful video and everything.
50:56
SPEAKER_00: And then it was COVID, and they said everybody stay home.
50:58
SPEAKER_00: We couldn't do anything, right?
51:00
SPEAKER_00: So we're coming to release Kitty's music video, right?
51:02
SPEAKER_00: Kitty's song, right?
51:03
SPEAKER_00: Which is say cheese.
51:05
SPEAKER_00: Right.
51:05
SPEAKER_00: And we needed to do a video.
51:07
SPEAKER_00: So I said, let's just shoot on my phone.
51:09
SPEAKER_02: That's it.
51:10
SPEAKER_00: That entire video cost us 200 CDs.
51:12
SPEAKER_02: Welcome to the club.
51:14
SPEAKER_00: Cost us 200 CDs.
51:15
SPEAKER_02: Technology faster, cheaper, more efficient.
51:18
SPEAKER_02: Thank you.
51:19
SPEAKER_02: Simple.
51:20
SPEAKER_02: So I think that the way our education should be remodeled is it should it should birth thinkers.
51:25
SPEAKER_02: It should if we have thinkers, they'll be problem solvers.
51:27
SPEAKER_02: If we have problem solvers, they'll solve problems.
51:29
SPEAKER_02: Let me ask you a question so we get into more trouble.
51:32
SPEAKER_02: All the project work that we did that we submitted in the university.
51:36
SPEAKER_02: Oh, where is it?
51:39
SPEAKER_02: Oh, the project did not work.
51:41
SPEAKER_02: The project did not work.
51:43
SPEAKER_02: You know, there was a time that uh video went viral that they take all of it and they put it in the refuse.
51:48
SPEAKER_00: Oh, really?
51:48
SPEAKER_00: That's what they do.
51:49
SPEAKER_00: Oh, there's a video.
51:50
SPEAKER_00: But what do you expect them to do with this?
51:52
SPEAKER_00: What would they do with it?
51:53
SPEAKER_00: It's not practical.
51:53
SPEAKER_00: No, there's nothing even the person teaching you does not understand what is practical.
51:57
SPEAKER_02: The business lecturer does not have a business.
52:00
SPEAKER_02: Thank you.
52:02
SPEAKER_00: Let's sip on that.
52:05
SPEAKER_02: I will not come on your podcast again.
52:09
SPEAKER_02: But it doesn't make sense to me.
52:10
SPEAKER_03: It makes no sense.
52:11
SPEAKER_00: How can we keep it who has never done something?
52:15
SPEAKER_00: How can they teach it?
52:16
SPEAKER_02: It is their fault.
52:17
SPEAKER_02: Let's continue.
52:18
SPEAKER_00: We we learn useless things up till now.
52:21
SPEAKER_00: I can't believe I still remember the egg dysis of a cockroach.
52:26
SPEAKER_00: The seven stages by which a cockroach sheds this exoskeleton.
52:30
SPEAKER_00: People of God I learned this in senior high one.
52:32
SPEAKER_02: It is Richie that is saying this.
52:34
SPEAKER_02: I didn't say so.
52:35
SPEAKER_00: When I see a cockroach, don't I just step on it?
52:37
SPEAKER_00: Pythagoras theorem.
52:39
SPEAKER_00: Pythagoras! Why we we make, and especially in Ghana, we specialize in everything, yeah.
52:49
SPEAKER_00: Which makes you very useless at nothing.
52:52
SPEAKER_02: You are just useless.
52:53
SPEAKER_02: You you there's not one thing you have competence in.
52:56
SPEAKER_02: Yeah, that if they call me at this thing, I can deliver.
52:58
SPEAKER_02: No, we don't.
53:01
SPEAKER_00: We we know a little bit of everything.
53:03
SPEAKER_00: I always I always thank my mom so much because the one thing that she gave me, which set me apart from everybody, was she made me like learning.
53:12
SPEAKER_02: Yes.
53:13
SPEAKER_02: I hope you're gonna be able to do that.
53:13
SPEAKER_02: Oh, you were a learner, oh my god, you were a learner, you were a reader.
53:17
SPEAKER_02: So you are a ferocious reader.
53:18
SPEAKER_00: I don't get fine if you look at our lives, right?
53:21
SPEAKER_00: We are born, we learn, learn, learn, learn, we get a job, we stay at work, and then we die.
53:27
SPEAKER_00: That's it.
53:28
SPEAKER_00: So then, if the two things that everybody's going to go through their whole life is education and work, why aren't we doing everything possible to make them as much fun?
53:39
SPEAKER_00: Why do you want that kid to find watching TV more fun than going to school?
53:45
SPEAKER_00: How is he going to enjoy education?
53:47
SPEAKER_00: How is it going to grow into something great?
53:50
SPEAKER_02: Meanwhile, your system has proven you, has proven to you that if you gamify learning, yes, it sticks.
53:57
SPEAKER_02: Baba black sheep.
53:59
SPEAKER_02: Have you any woo?
54:00
SPEAKER_02: I learned this in kindergarten.
54:01
SPEAKER_02: I haven't forgotten.
54:02
SPEAKER_02: If you like, ask me what is integrated science.
54:07
SPEAKER_03: I don't, I don't know.
54:08
SPEAKER_03: What is integration?
54:09
SPEAKER_02: It's a science that is integrated.
54:11
SPEAKER_02: I don't know.
54:14
SPEAKER_02: So the the system that's what you started by saying, we keep doing the same thing, expecting the different different result.
54:21
SPEAKER_02: And guess what?
54:22
SPEAKER_02: When this podcast comes, the latest viral TikTok dance will get more views than this.
54:28
SPEAKER_02: 100%.
54:29
SPEAKER_02: So that's why.
54:30
SPEAKER_00: So the five people watching, shout outs to you.
54:32
SPEAKER_00: Thank you.
54:33
SPEAKER_02: Shout outs to you that you're not on TikTok scrolling and doing dance challenges.
54:37
SPEAKER_02: Yeah, shout outs to you.
54:38
SPEAKER_00: That's why.
54:39
SPEAKER_00: We need to find a way to shift all this.
54:41
SPEAKER_00: We we need to make the future happen now.
54:45
SPEAKER_00: Yes.
54:45
SPEAKER_00: You know, part of the reason for my journey was I got tired of meeting people that I saw to have so much potential.
54:54
SPEAKER_00: And it didn't materialize.
54:55
SPEAKER_00: Yeah.
54:56
SPEAKER_00: And to realize that so many people didn't have any information.
54:59
SPEAKER_00: Right.
54:59
SPEAKER_00: You know, sometimes when you take a certain path, you are deluded to think others are taking it with you.
55:05
SPEAKER_00: So as I'm learning more, growing more, and everything, I feel like, oh yeah, everybody's it's called a curse of knowledge.
55:11
SPEAKER_02: Thank you.
55:11
SPEAKER_00: Nobody is.
55:12
SPEAKER_00: Then I have a conversation and I realize I'm the lost room.
55:15
SPEAKER_02: They don't, they don't.
55:17
SPEAKER_02: They don't.
55:18
SPEAKER_02: It's because you just mentioned it a while back.
55:20
SPEAKER_02: Learning is not fun.
55:22
SPEAKER_02: For a lot of people, they have learning trauma.
55:24
SPEAKER_04: Yeah.
55:25
SPEAKER_02: Everything about learning for them is something they couldn't wait to escape.
55:29
SPEAKER_02: They remember that they are a teacher who and disgrace them in front.
55:34
SPEAKER_02: This is why when people graduate, they jubilate.
55:36
SPEAKER_02: They are not jubilating that they've achieved something, they jubilate that they have escaped from learning.
55:41
SPEAKER_00: Like even when you look at work, so many people are looking for a job for the salary.
55:46
SPEAKER_02: That's it.
55:47
SPEAKER_00: And not for the experience.
55:48
SPEAKER_00: No, it's not for the growth.
55:49
SPEAKER_02: Isn't that the reason why you meet people sitting at the workplace, grumpy, unexcited, waiting for it to be five o'clock?
55:55
SPEAKER_00: They cannot wait.
55:56
SPEAKER_02: They are checking out.
55:58
SPEAKER_02: No, they are not there.
56:00
SPEAKER_02: There's nothing in it.
56:01
SPEAKER_02: And that's why we have the broken systems we have.
56:03
SPEAKER_02: The nurse is not there because he cares about people and he wants to give health.
56:07
SPEAKER_02: Uh, the policeman is not there because he cares about security.
56:10
SPEAKER_02: The soldier is not there because he cares about national security.
56:13
SPEAKER_02: Everybody showed up as a means of survival.
56:16
SPEAKER_02: They don't care.
56:16
SPEAKER_00: So they are still in survival mode, yes, not strategy.
56:19
SPEAKER_02: And that's the reason why they easily abuse us, they abuse the customer.
56:23
SPEAKER_02: Have you seen customer care in Ghana?
56:24
SPEAKER_02: Let's let's talk about something else.
56:26
SPEAKER_00: There is no customer care.
56:27
SPEAKER_02: There is no care for customers in Ghana.
56:29
SPEAKER_02: Thank you.
56:29
SPEAKER_02: Yes.
56:30
SPEAKER_00: Okay, you you've spoken about education.
56:32
SPEAKER_00: Right.
56:33
SPEAKER_00: Finance.
56:33
SPEAKER_00: What does finance look like in 2030?
56:35
SPEAKER_02: 2030.
56:36
SPEAKER_02: Um, well, the the writing is on the wall.
56:39
SPEAKER_02: So education is what we've looked at.
56:41
SPEAKER_02: Ideally, in 2030, um, mobile money does not connect back to cash, it connects to stable coins.
56:48
SPEAKER_02: I know this because the governments have already made it clear.
56:51
SPEAKER_02: This is the reason why they moved you to biometrics.
56:53
SPEAKER_02: Um, right now, what they're doing is they're integrating all of your data.
56:56
SPEAKER_02: So, with your biometrics, we have access to your health data, your finance data.
57:00
SPEAKER_02: This is the reason why without your biometric card, you can't do Momo, you can't do bank, um, you can't do anything.
57:05
SPEAKER_02: So, you're looking at a centralized system, you're looking at a CBDC, which is uh a government-backed, um, a central bank digital currency.
57:14
SPEAKER_02: But we have that now.
57:16
SPEAKER_02: We already do have that.
57:17
SPEAKER_02: It's not effective and it's not being rolled out majorly because the the thing is that the ledger behind it and the way that we're able to control uh the supply of how much uh money we are creating, those economics need to be worked.
57:29
SPEAKER_00: So the funny thing is, yes, I actually didn't even know we had ECD.
57:32
SPEAKER_00: We do have ECD.
57:33
SPEAKER_00: It's only when I was researching to be.
57:34
SPEAKER_00: That you find, yes, there is E CD.
57:36
SPEAKER_02: We started rolling out the Bank of Ghana has tried as e-Naira, they tried.
57:40
SPEAKER_02: So those systems are already in place.
57:42
SPEAKER_02: But the reason why I'm very confident that in 2030 is here is because we're not okay, I cannot say it.
57:49
SPEAKER_02: Uh, the our our lenders control a lot of our policy.
57:54
SPEAKER_02: And a lot of our lenders are the Chinese and the Americans and all these different nations that borrow to us that lend to us, sorry.
58:00
SPEAKER_02: Um, so they already have systems that they are testing out.
58:03
SPEAKER_02: And I know that when those systems are in place in their in their economies, because they control our policies, those systems will come.
58:10
SPEAKER_02: So even if the Bank of Ghana doesn't make it with ECD, I know that E dollar will come.
58:15
SPEAKER_02: So in 2030, everything is centralized, your money is digital.
58:18
SPEAKER_02: Um, I hate to be the bearer of bad news, but it is possible that your money will have an expiry date.
58:24
SPEAKER_02: Okay.
58:24
SPEAKER_02: Um, because that mean exactly.
58:26
SPEAKER_02: Well, what it means is that um if you can't fall back on cash and all the money is digital and it is controlled from a central system, if you woke up and the money is not in your wallet, you don't have money.
58:38
SPEAKER_04: Yeah.
58:39
SPEAKER_02: You simple as that.
58:40
SPEAKER_02: So if governments deem you, for instance, uh a subject of an investigation, we suspect you to be uh that's it, your money is gone.
58:48
SPEAKER_02: Yeah if the government tells you this salary you've been given, you have three years to spend it, after three years you can wake up and it's gone.
58:55
SPEAKER_02: So digital currencies are coming.
58:57
SPEAKER_02: This is part of the reason why governments are not very excited about cryptocurrency.
59:02
SPEAKER_02: Why?
59:02
SPEAKER_00: Because they have no control.
59:03
SPEAKER_02: The underlying technology is decentralizing cryptocurrencies, and the one thing governments hate is decentralization.
59:10
SPEAKER_02: In fact, government, government is centralized systems, and the people want decentralized systems.
59:16
SPEAKER_02: Everything is fair, everything is transparent.
59:19
SPEAKER_02: I don't need you to give me any accountability, I can see it real time.
59:23
SPEAKER_02: Uh the data is on there, you can't forge it, it's immutable.
59:26
SPEAKER_02: The governments don't like that.
59:27
SPEAKER_02: So, ideally, in 2030, mobile money is truly mobile money, but it connects to the digital currencies.
59:33
SPEAKER_00: So, do you believe that by 2030 mobile money will transform to the digital currency?
59:39
SPEAKER_02: Completely, completely.
59:40
SPEAKER_00: So, you mean say MTN Television all have to do that?
59:43
SPEAKER_02: So, what will happen is they might still be distribution output points, but then now when you want to redraw mobile money, you can withdraw cash.
59:52
SPEAKER_02: When at that time you want to withdraw mobile money, you withdraw the digital currency.
59:56
SPEAKER_02: Okay.
59:56
SPEAKER_02: Uh-huh.
59:57
SPEAKER_02: So that that's the framework they're trying to, uh, which is part of the reason why right now, if you are in a place of power and wealth, diversify your wealth.
1:00:07
SPEAKER_02: Look into um physical wealth, look into lands, look into property, look into gold, the cash is gonna be problematic.
1:00:18
SPEAKER_02: Yeah.
1:00:19
SPEAKER_00: But when they say cash is problematic, I know globally, yes, it says because of credit and everything, but in a country like Ghana where everything is pay as you go, yeah, will it affect us as much or the global crisis?
1:00:32
SPEAKER_02: That is the reason why they piloted mobile money systems in Africa more than abroad.
1:00:36
SPEAKER_02: Okay, it's because we were preparing us for it.
1:00:38
SPEAKER_02: And as I know, my mom is 72, she understands mobile money.
1:00:41
SPEAKER_02: So eventually everybody would be able to lock on.
1:00:43
SPEAKER_02: And if you don't, somebody close to you will need to figure it out for you.
1:00:47
SPEAKER_02: But the way they're doing it is you're gonna make it such a low-hanging fruit that everybody should be able to plug in.
1:00:52
SPEAKER_02: But the real question is that they don't care.
1:00:57
SPEAKER_02: The system must change and it will change.
1:01:01
SPEAKER_00: With the amount of control that the government will have when it's digital currency.
1:01:05
SPEAKER_00: Because, like you're saying, how you just described it, it would be great to have a microcredit company.
1:01:10
SPEAKER_00: Because now, if I loan you money and you owe me for six months, the government can transfer it to me.
1:01:16
SPEAKER_02: I don't even need to worry.
1:01:17
SPEAKER_02: Anyone that hits your account will, however, I wish this part of the conversation was just me and you because I'll get into trouble.
1:01:26
SPEAKER_02: This is why I take cryptocurrency very seriously, because it will become the alternate system.
1:01:31
SPEAKER_02: Okay, it will become the alternate system.
1:01:33
SPEAKER_02: Um a few currencies might be accepted.
1:01:37
SPEAKER_02: I suspect Bitcoin, Ethereum, maybe Solana might be accepted as alternate means of payments in specific areas.
1:01:45
SPEAKER_02: And because those systems are decentralized, I would rather my wealth stays on that part.
1:01:51
SPEAKER_02: Um, and only when it's necessary would I cross over.
1:01:54
SPEAKER_02: In fact, when I started crypto, I used to tell people by God's grace, God has been good to me, God has blessed me.
1:01:59
SPEAKER_02: Um if you ever went into my bank account, they will tell you that this boy is broke.
1:02:05
SPEAKER_02: He only uploads money to pay for Apple subscriptions every month.
1:02:11
SPEAKER_02: He doesn't have any money because when you are traveling, when you get to the airport, they will check you to see if you have more than ten thousand dollars.
1:02:20
SPEAKER_02: You can't take it across.
1:02:22
SPEAKER_02: Yeah, there are times I okay, I can't say that.
1:02:25
SPEAKER_02: But yeah, you you know, next time you see him at the airport, check his phone, check his phone.
1:02:32
SPEAKER_02: So um, we would need to have some if you want to have some level of control, look into decentralization now.
1:02:38
SPEAKER_00: Okay, let me treat you like Chat GPT and prompt you right now right now.
1:02:42
SPEAKER_00: Explain cryptocurrency to me like I'm a 12-year-old, so that I can become an expert before this podcast is over.
1:02:48
SPEAKER_02: Perfect.
1:02:49
SPEAKER_02: All our money systems exist in centralized um systems.
1:02:54
SPEAKER_02: We have banks, those banks have servers.
1:02:56
SPEAKER_02: So if you are banking with Stambik Bank, there is a Stambik Bank server.
1:03:00
SPEAKER_02: If you're banking with Stand Chat, there's a Stand Chat server.
1:03:03
SPEAKER_02: All your money and all the transactions that go through Stambik are kept on the Stambik server.
1:03:08
SPEAKER_02: All of the money that goes through Stan Chat are kept on the Stand Chat server.
1:03:12
SPEAKER_02: For there to be any kind of transfer from Stambik to Stan Chat, what it means is that the two of them must share information.
1:03:21
SPEAKER_02: Somebody here in Stanbik is saying they want to move their money to somebody there at Stanchat.
1:03:28
SPEAKER_02: Do you approve that this person has the money that they say they want to move?
1:03:32
SPEAKER_02: Yes.
1:03:32
SPEAKER_02: Do you approve that this person has the account to receive it?
1:03:35
SPEAKER_02: Yes.
1:03:35
SPEAKER_02: Everything is private, everything exists in that.
1:03:38
SPEAKER_02: Then you have a regulatory body, which is the Bank of Ghana, that oversees all of these simple or single units.
1:03:45
SPEAKER_02: These are silos.
1:03:46
SPEAKER_02: All right.
1:03:47
SPEAKER_02: That's your current system of money.
1:03:49
SPEAKER_02: Number two, you don't know anything about the supply.
1:03:52
SPEAKER_02: Governments create it as and how they deem fit.
1:03:55
SPEAKER_02: Nobody understands the mathematics.
1:03:57
SPEAKER_02: They wake up this morning.
1:03:58
SPEAKER_02: Oh, let's do let's bring some new money.
1:04:00
SPEAKER_02: Thank you very much.
1:04:01
SPEAKER_02: So, first, this is your current system of money.
1:04:04
SPEAKER_02: What is cryptocurrencies?
1:04:05
SPEAKER_02: Cryptocurrency says, wait, now we have technology.
1:04:09
SPEAKER_02: Everybody has a network, everybody has a phone.
1:04:12
SPEAKER_02: What if instead of a single server in every single financial institution, we could have a unified global server?
1:04:20
SPEAKER_02: How do we empower it?
1:04:21
SPEAKER_02: Power with everybody's network.
1:04:23
SPEAKER_02: So your computer's IP, my phone's IP, your laptop's IP, your uh desktop's IP, all of those are going to be nodes that we put together to have this global supercomputer.
1:04:35
SPEAKER_02: And we would record all transactions on this network.
1:04:39
SPEAKER_02: So, what does it become?
1:04:40
SPEAKER_02: Instead of a private ledger for individual banks and financial institutions, we now have a public notebook.
1:04:46
SPEAKER_02: All transactions are written on it.
1:04:49
SPEAKER_02: And what we do is we will keep the transactions in these little boxes called blocks.
1:04:53
SPEAKER_02: So, what is a block?
1:04:54
SPEAKER_02: A block would be a packet of data.
1:04:56
SPEAKER_02: Richie sent a hundred to Kwame.
1:04:58
SPEAKER_02: Kwame sent a hundred to wisdom.
1:05:00
SPEAKER_02: That's a data information.
1:05:02
SPEAKER_02: Let's put it in a block.
1:05:03
SPEAKER_02: The next block, we add it.
1:05:04
SPEAKER_02: The next block, we have it.
1:05:06
SPEAKER_02: How do we now have we have blocks upon blocks upon blocks?
1:05:09
SPEAKER_02: So we have a blockchain that is the technology that is underlining the system.
1:05:15
SPEAKER_02: Now, since we have an open notebook that everybody can see transactions at all times, it means we can facilitate transactions easily.
1:05:22
SPEAKER_02: All we need to do is have a model where you're able to receive and I'm able to receive, and then we record it on the notebook.
1:05:29
SPEAKER_02: So since currencies are literally backed by faith and trust, uh, none of our currencies are actually backed by anything.
1:05:37
SPEAKER_02: Okay, so since that's the case, why don't we have a system of trust?
1:05:42
SPEAKER_02: In fact, our system is better because in our current monetary system, we trust the governments to do the right thing.
1:05:47
SPEAKER_02: Now we have a public notebook that records everything.
1:05:50
SPEAKER_02: You don't even need to trust me.
1:05:52
SPEAKER_02: I can see the transaction in real time.
1:05:55
SPEAKER_02: So we have transparency.
1:05:56
SPEAKER_00: You're saying governments are untransparency?
1:05:58
SPEAKER_02: I'm not saying we have transparency.
1:06:00
SPEAKER_02: On the blockchain, I don't speak about government.
1:06:02
SPEAKER_02: We have transparency on the blockchain.
1:06:05
SPEAKER_02: So, since we have transparency, and if you want to change anything, you will need to find every network in the node.
1:06:13
SPEAKER_02: Yeah, that becomes almost impossible.
1:06:15
SPEAKER_02: So we have immutability.
1:06:17
SPEAKER_02: You cannot tamper with the records.
1:06:19
SPEAKER_02: Once it hits the blockchain, everybody sees it in real time.
1:06:22
SPEAKER_02: You want to change it, you need every network.
1:06:25
SPEAKER_02: Why don't we now build a currency on top of it?
1:06:28
SPEAKER_02: Uh, pseudonym of a person, which can be male, female, or a group, Satoshi Nakamoto, comes up with this idea of peer-to-peer currency, aka Bitcoin.
1:06:40
SPEAKER_02: So Bitcoin is born as digital gold.
1:06:44
SPEAKER_02: We are going to have a limited supply because why do we have unlimited supply in the world when we don't have unlimited resources?
1:06:52
SPEAKER_02: Our resources are limited.
1:06:53
SPEAKER_02: How do banks the world owes the world 31 trillion?
1:06:57
SPEAKER_00: Who owes who owe?
1:06:59
SPEAKER_00: Is it Mars we owe?
1:07:00
SPEAKER_02: So 12-year-old Richie.
1:07:02
SPEAKER_02: This is why we are trying to fix this.
1:07:05
SPEAKER_02: So he creates Bitcoin.
1:07:06
SPEAKER_02: What is Bitcoin?
1:07:07
SPEAKER_02: This is peer-to-peer currency.
1:07:09
SPEAKER_02: The network that is backing it is open, is decentralized, it's transparent.
1:07:14
SPEAKER_02: We can all see.
1:07:16
SPEAKER_02: And because it is limited in supply, when there is more demand than there is supply, the price of the asset will go up.
1:07:25
SPEAKER_02: And if there is more supply and than there is demand, the price of the asset will go down.
1:07:30
SPEAKER_02: Wow.
1:07:30
SPEAKER_02: Immediately you have the ability for assets to go up or down, you have an open market where people can actually trade the direction of that particular currency.
1:07:41
SPEAKER_02: So this whole industry of being able to trade or use it as an investment vehicle is born.
1:07:48
SPEAKER_02: That is cryptocurrency.
1:07:49
SPEAKER_02: But what did the crypto come from?
1:07:51
SPEAKER_02: Well, we are using encryption methods to guard the data so that it is very, very safe and secured from end to end.
1:08:00
SPEAKER_02: Now, on your WhatsApp, they tell you you have end-to-end encrypted data.
1:08:04
SPEAKER_02: But in cryptocurrency, we can actually check the end-to-end.
1:08:08
SPEAKER_02: Why?
1:08:08
SPEAKER_02: Remember that our public ledger, everybody can see the encryption.
1:08:12
SPEAKER_02: So our currency is not only backed by decentralized ledger, it is also backed by the highest level of encryption.
1:08:20
SPEAKER_02: Why?
1:08:21
SPEAKER_02: Because every computer network in the world is connected to it, and that is cryptocurrency 101.
1:08:30
SPEAKER_00: Wow, you should just get into a computer and be charging.
1:08:36
SPEAKER_00: Okay.
1:08:37
SPEAKER_02: That's the fun the fundamentals.
1:08:39
SPEAKER_02: But I have this question for you.
1:08:40
SPEAKER_02: Yes.
1:08:40
SPEAKER_00: As much as you're talking about peer-to-peer encryption and peer-to-peer review and everything, who manages the system?
1:08:47
SPEAKER_02: So the system at the core is decentralized.
1:08:53
SPEAKER_02: What Satoshi did allowed people to start thinking very deeply about decentralized systems.
1:08:59
SPEAKER_02: And we realized, okay, if the two of us are going to agree on anything, in our current systems, we need law to enforce that agreement.
1:09:08
SPEAKER_02: So what is going to be the law that enforces anything that you and I decide to do on the blockchain?
1:09:13
SPEAKER_02: So they came up with something called smart contracts, aka in code we trust.
1:09:19
SPEAKER_02: Okay.
1:09:19
SPEAKER_02: Richie, I'm going to come on masterminds.
1:09:21
SPEAKER_02: When I come on masterminds, you're going to give me one of those new links, headphones.
1:09:26
SPEAKER_02: Now, if we talk about it on the phone, you can say I said it.
1:09:29
SPEAKER_02: I didn't say it.
1:09:30
SPEAKER_02: No.
1:09:30
SPEAKER_02: So we're going to program it.
1:09:33
SPEAKER_02: You are going to put the telephone in an excellent headphone in an escrow account.
1:09:38
SPEAKER_02: Then we're going to put it in code.
1:09:40
SPEAKER_02: If Kwame shows up for the interview and fulfills all that is required of him, immediately he's done.
1:09:47
SPEAKER_02: Dear escrow account.
1:09:49
SPEAKER_02: Release the headphone.
1:09:51
SPEAKER_02: You see the code?
1:09:51
SPEAKER_02: I see the code.
1:09:52
SPEAKER_02: That is called a smart contract.
1:09:54
SPEAKER_02: Enter.
1:09:55
SPEAKER_02: Done.
1:09:55
SPEAKER_02: Encode we trust.
1:09:57
SPEAKER_02: In code we trust.
1:09:58
SPEAKER_02: I come, I finish.
1:09:59
SPEAKER_02: Dear Richie, are you satisfied with Kwame?
1:10:01
SPEAKER_02: Yes.
1:10:02
SPEAKER_02: Dear code, Richie is satisfied.
1:10:04
SPEAKER_02: Boom.
1:10:04
SPEAKER_02: Headphones deliver.
1:10:05
SPEAKER_00: So let me get this straight.
1:10:07
SPEAKER_00: So on the US dollar, yes.
1:10:09
SPEAKER_00: They have written, in God we trust.
1:10:11
SPEAKER_00: So cryptocurrency replaced God with gold with code.
1:10:14
SPEAKER_00: In code we trust.
1:10:15
SPEAKER_00: Are you guys trying to say God is code?
1:10:17
SPEAKER_02: The US don't trust any God.
1:10:18
SPEAKER_02: Forget them.
1:10:19
SPEAKER_02: They are using God to lie.
1:10:21
SPEAKER_02: Let me drink before I get into trouble.
1:10:30
SPEAKER_02: Yes, those are the fundamentals.
1:10:32
SPEAKER_00: Okay.
1:10:33
SPEAKER_02: And it has clearly become the future of money.
1:10:37
SPEAKER_02: Because all of the people who used to say it was a scam, BlackRock, the biggest asset manager in the world, has bought crypto.
1:10:45
SPEAKER_02: Of course he has.
1:10:46
SPEAKER_02: Vanguard, the biggest asset, the second biggest asset manager, has bought crypto.
1:10:52
SPEAKER_02: The most powerful, aguably, also he thinks.
1:10:56
SPEAKER_00: But you know that as you are sitting on my podcast right now, and you are casually mentioning BlackRock and Vanguard.
1:11:02
SPEAKER_00: You're getting us in trouble, right?
1:11:04
SPEAKER_02: Well, uh, well, yes, because the it will highlight and see what we're doing.
1:11:08
SPEAKER_00: Please edit it out.
1:11:10
SPEAKER_00: The rock is black, and then we are checked to know that the highest shareholder in Vanguard is BlackRock, and the highest shareholder in Black Rock with Van Guard.
1:11:21
SPEAKER_02: No, in code with so it looks like it's here to stay.
1:11:27
SPEAKER_02: They fought it, they shut it down, and they realized you can't fight code, you can't fight technology.
1:11:33
SPEAKER_02: The people had tasted liberty and they were not going back.
1:11:35
SPEAKER_00: So for that person watching right now who has finally understood crypto and wants to get involved, aka myself.
1:11:42
SPEAKER_00: Right.
1:11:43
SPEAKER_00: How do you start?
1:11:44
SPEAKER_02: Learn to earn.
1:11:44
SPEAKER_02: Okay.
1:11:45
SPEAKER_02: Use the next six months to learn everything.
1:11:47
SPEAKER_02: You are my big brother.
1:11:48
SPEAKER_02: I'm gonna send you a ton of content.
1:11:50
SPEAKER_02: You want to start?
1:11:52
SPEAKER_02: Go on YouTube.
1:11:54
SPEAKER_02: Don't don't do anything, don't take money out of your pockets, don't try to invest, don't try to trade, don't do anything until six months from today.
1:12:04
SPEAKER_00: Okay.
1:12:05
SPEAKER_02: Sit down and start with the fundamentals.
1:12:08
SPEAKER_02: What is cryptocurrency?
1:12:09
SPEAKER_02: How does it work?
1:12:11
SPEAKER_02: What is the difference between a crypto coin and a crypto token?
1:12:14
SPEAKER_02: What are the mechanisms by which coins go up or go down?
1:12:18
SPEAKER_02: What is crypto trading?
1:12:20
SPEAKER_02: What is crypto investment?
1:12:21
SPEAKER_02: What are meme coins?
1:12:23
SPEAKER_02: Teach me crypto vocabulary.
1:12:25
SPEAKER_02: Like sit down the same way you will if you were going to go into investment banking or you were going to go into insurance.
1:12:33
SPEAKER_02: It is learn to earn until you understand it with confidence.
1:12:38
SPEAKER_02: Don't make a move.
1:12:40
SPEAKER_02: After your six months of learning, take a hundred dollars and give yourself three months to go and try is what you're gonna do.
1:12:47
SPEAKER_02: You're gonna try and buy your first cryptocurrency, you're gonna try and move your first cryptocurrency, you're gonna try and store your first cryptocurrency because those three things are fundamental: how to buy and sell, how to move it from one place to the other, and how to store.
1:13:02
SPEAKER_02: If you do not have these fundamental skills, you will not make it.
1:13:06
SPEAKER_02: So use$100, try your hands on it, buy this, move it here.
1:13:10
SPEAKER_02: You are not interested in making money yet, you are not dipping your feet in too deep.
1:13:14
SPEAKER_02: Just move money here, move money there, put it in that wallet, uh, do a swap, uh, do uh a bridge, all of these English I'm speaking.
1:13:22
SPEAKER_02: You have learnt it.
1:13:22
SPEAKER_02: So try all of that.
1:13:24
SPEAKER_02: When you are done, sit down and from all the knowledge you've gained, ask yourself there seems to be at least 20 different legal ways of making money in crypto.
1:13:32
SPEAKER_02: Which one am I going to focus on?
1:13:34
SPEAKER_02: Pick that one and stick to it.
1:13:36
SPEAKER_02: Me, I'm a crypto investor.
1:13:38
SPEAKER_02: Okay, I sit down for months, I research blue chip, which is what we call it in crypto.
1:13:44
SPEAKER_02: High valuable potential projects, which means I'm not buying any crypto token or asset that does not have a real product with a real team that is known, with a real community that is using the product so that I can tell the trajectory of that.
1:14:01
SPEAKER_02: So I research projects sometimes two, three months.
1:14:05
SPEAKER_02: I buy them and I sit on them long term.
1:14:07
SPEAKER_02: There are projects I bought in 2022, I'm still sitting on them, and that's my main line of doing crypto.
1:14:15
SPEAKER_02: 30% of my capital goes into trading, and in trading, we have meme coins, which you shouldn't go because that's the uh uh uh the other akin to betting, that's gambling in crypto.
1:14:28
SPEAKER_02: Uh, because meme coins, aka shit coins, are coins that don't have any value.
1:14:32
SPEAKER_02: Okay, uh, it is yo and what was that term that you use and ishallah, it's visa, ishallah.
1:14:37
SPEAKER_00: Visa, ishallah.
1:14:38
SPEAKER_02: That's that's meme coins in crypto.
1:14:39
SPEAKER_02: So don't do that, but I do that because wow, don't do as I do, basically, but because I have over 70, 80 percent of my money in the investment portfolio.
1:14:49
SPEAKER_02: So there's meme coin trading, there's leverage trading.
1:14:52
SPEAKER_02: Leverage trading is when you go onto a broker and you tell them I have a thousand dollars, leverage it times ten.
1:14:57
SPEAKER_02: So give me ten thousand dollars to go and trade.
1:14:59
SPEAKER_02: We see cabish shit, we call it remember their cost roster.
1:15:03
SPEAKER_02: Yeah, your money will be there, then the money will not be there.
1:15:06
SPEAKER_02: So there's all forms of so there's leverage trading.
1:15:08
SPEAKER_02: Uh, we have yield farming, um, we have staking, we have all sorts of things.
1:15:13
SPEAKER_02: So that's why I'm saying it's a new world, it's a crazy new world.
1:15:17
SPEAKER_02: In fact, you and I, if you knew crypto, we could talk for 30 minutes and nobody here would understand.
1:15:22
SPEAKER_02: Because I can start by saying, Um, have you looked at the project I was shilling?
1:15:27
SPEAKER_02: The raiders were raiding and they put it all over.
1:15:29
SPEAKER_02: Did you see it?
1:15:29
SPEAKER_02: Have you checked Reddit?
1:15:30
SPEAKER_00: 10 seconds, and I don't understand.
1:15:32
SPEAKER_02: You don't know what's going on, yes, because it's heavy, it's vocabulary heavy, because it's a whole new world.
1:15:36
SPEAKER_02: Yeah, so again, please learn to earn.
1:15:39
SPEAKER_02: If you're a fast learner, three months.
1:15:41
SPEAKER_02: If you want to give yourself time, six months, then three months of just testing things out.
1:15:46
SPEAKER_02: Then, after testing them out, pick one or two of the many ways you can make money.
1:15:51
SPEAKER_02: Take down your thousand dollar, your two thousand dollars that you are willing to lose.
1:15:57
SPEAKER_02: Never invest more than you are willing to lose.
1:16:00
SPEAKER_02: Any investment you put that you dream about when you sleep, don't do it.
1:16:05
SPEAKER_02: Yeah, so we don't borrow into going to crypto, we don't use rent, we don't use school fees, nothing over that one thing, over that one.
1:16:14
SPEAKER_02: Don't do it.
1:16:14
SPEAKER_02: So, so that's what I'll tell anybody that wants to go into the game.
1:16:18
SPEAKER_00: You gave such valuable information.
1:16:20
SPEAKER_02: I'm so sad that TikTok dance is going to trend more than well, unfortunately, it is what it is, it is what it is, and then on in the comment of the thing, they will say, Do give away.
1:16:30
SPEAKER_02: Show me the way, show us the way.
1:16:32
SPEAKER_00: But but I admire one thing about you.
1:16:35
SPEAKER_00: Yes, sir.
1:16:35
SPEAKER_00: As much as you're a futurist and you are learning all these things and trading and everything, you are also very grounded.
1:16:41
SPEAKER_00: I've seen some of the projects that you do, right?
1:16:43
SPEAKER_00: And it's still very grounded.
1:16:44
SPEAKER_00: How do you manage to balance?
1:16:46
SPEAKER_02: Um, you cannot be so future relevant that you are you cannot be so future driven that you are not present relevant.
1:16:53
SPEAKER_00: So you're not a time traveler, no, sir.
1:16:55
SPEAKER_02: I'm not a prophet, uh, not in my work as a futurist, I'm not a time traveler.
1:16:59
SPEAKER_02: I'm just looking at data that's available today and I'm using it to assign probabilities to tomorrow.
1:17:04
SPEAKER_02: Okay.
1:17:04
SPEAKER_02: So I'm using qualitative and quantitative data, and I'm saying if this, then that.
1:17:08
SPEAKER_02: Basically, code in code we trust.
1:17:10
SPEAKER_02: Again, so um, the reason why I'm grounded is because I need to be relevant today so that I can plug into the future.
1:17:17
SPEAKER_02: If I'm not talking AI today, I cannot be talking metaverse tomorrow.
1:17:21
SPEAKER_02: So that's why we are, in fact, we are even more present-driven because all of the things that we use to assign probabilities to tomorrow is based on data that we have today.
1:17:31
SPEAKER_02: Okay, none of it is set in stone.
1:17:32
SPEAKER_02: So that's why we need to be very, very present.
1:17:35
SPEAKER_02: So that's why I'm still very based.
1:17:37
SPEAKER_02: I'm still looking at what works today.
1:17:40
SPEAKER_02: Um, I think about three, four years ago, I was trying to get people to pay me crypto when I went to speak at conferences and stuff, and it didn't work.
1:17:48
SPEAKER_02: You know, but I was trying to be smart because if you paid me in crypto and you paid me at that time uh uh$2,000 for speaking,$3,000 for speaking in Bitcoin, and I left it in Bitcoin, it is currently now$12,000.
1:18:00
SPEAKER_00: Plus, they wouldn't tax you.
1:18:01
SPEAKER_02: Nobody will tax me, nobody will see it.
1:18:02
SPEAKER_02: They don't even know that I have it, which is really great, you know.
1:18:05
SPEAKER_00: So, what you're saying is that to be a futurist means living in the present.
1:18:08
SPEAKER_02: Live in the present, use today's data to assign probabilities to tomorrow.
1:18:12
SPEAKER_00: So, those who think they are living in the present, does that mean they are living in the past?
1:18:15
SPEAKER_02: Uh, yes, you actually uh far behind.
1:18:18
SPEAKER_00: Okay, help me out here.
1:18:19
SPEAKER_00: We've spoken a lot about tech, right, finance.
1:18:23
SPEAKER_00: I'm a creative.
1:18:24
SPEAKER_00: Right.
1:18:24
SPEAKER_00: You used to be a creative, but you've abandoned us.
1:18:28
SPEAKER_00: So, how do we merge the creative industry and tech and finance to be able to create solutions for some of our people who are broke like you were, but haven't had that eye-opening moment yet?
1:18:40
SPEAKER_02: Richie, here is my genius.
1:18:42
SPEAKER_02: I'll put it out because I know they won't listen.
1:18:44
SPEAKER_02: Here is my genius.
1:18:46
SPEAKER_02: There is nothing new under the sun.
1:18:48
SPEAKER_02: My genius is that I am an excellent researcher.
1:18:54
SPEAKER_02: Find what is working.
1:18:56
SPEAKER_02: Copy, contextualize, paste.
1:18:59
SPEAKER_02: This is what I do.
1:19:00
SPEAKER_00: Okay.
1:19:01
SPEAKER_02: Find what is working.
1:19:03
SPEAKER_02: So, what I'm saying to creatives, go and look at what the creatives are doing in America.
1:19:07
SPEAKER_02: Look at what the creatives are doing in the West.
1:19:09
SPEAKER_02: Look at what the creatives are doing in the east.
1:19:12
SPEAKER_02: Copy, contextualize, and paste.
1:19:16
SPEAKER_02: Simple.
1:19:17
SPEAKER_02: I don't have any growth.
1:19:19
SPEAKER_02: All of the things I do.
1:19:20
SPEAKER_02: Do you know how I'm a super futurist?
1:19:23
SPEAKER_02: I copy the top 10 futurists in the world.
1:19:25
SPEAKER_00: That's all.
1:19:28
SPEAKER_02: I don't know why people want to make things hard for themselves.
1:19:30
SPEAKER_02: Ask your camera people.
1:19:32
SPEAKER_02: How do you learn angles and new shots?
1:19:35
SPEAKER_02: Look at the king camera people that do the crazy.
1:19:38
SPEAKER_00: Who does the king look at?
1:19:40
SPEAKER_02: The king is spending time because they want to be a king, inventing all of the innovative things and blah blah blah.
1:19:46
SPEAKER_02: Wait, wait, let the king work.
1:19:48
SPEAKER_02: Very simple.
1:19:49
SPEAKER_02: The king is nice.
1:19:50
SPEAKER_02: That shot can one shot plus kin two shots plus kin three shots plus my signature shot.
1:19:56
SPEAKER_02: Boom.
1:19:57
SPEAKER_02: They've not seen it before.
1:19:58
SPEAKER_02: That's it.
1:19:58
SPEAKER_02: I did an event in 2019 on the sustainable development goals for the United Nations.
1:20:03
SPEAKER_02: Okay, I did a three-day event.
1:20:04
SPEAKER_02: This is what I did.
1:20:05
SPEAKER_02: Day one, I modeled a full event that was done in Sweden.
1:20:09
SPEAKER_02: Day two, I modeled a full event that was done in Norway.
1:20:11
SPEAKER_02: Day three, I modeled a full event that was done in New York.
1:20:14
SPEAKER_02: Copy, contextualize, paste.
1:20:16
SPEAKER_02: When my sponsors arrived and they saw the event, they were like, What?
1:20:20
SPEAKER_02: You are so innovative! Oh my god, how did you think about it?
1:20:24
SPEAKER_02: I don't have time to think, sir.
1:20:27
SPEAKER_02: What am I thinking for?
1:20:28
SPEAKER_02: Somebody has done this.
1:20:29
SPEAKER_02: Solomon said there's nothing, there's nothing avantguard.
1:20:32
SPEAKER_02: Nothing.
1:20:33
SPEAKER_02: In fact, our whole goes in sacrificial.
1:20:34
SPEAKER_02: We've gone back and come back to baggies.
1:20:36
SPEAKER_02: Yeah, so you explain fate.
1:20:37
SPEAKER_02: Baggies, there's nothing avant, sir.
1:20:40
SPEAKER_02: The way forward is the way back.
1:20:42
SPEAKER_00: So now you're even saying a futurist is an ancient.
1:20:46
SPEAKER_00: Oh my god.
1:20:48
SPEAKER_00: You have no concept of time, sir.
1:20:50
SPEAKER_02: I don't use it.
1:20:51
SPEAKER_02: We are in a in a perfect continuum.
1:20:54
SPEAKER_02: Yeah.
1:20:54
SPEAKER_02: So that's it.
1:20:55
SPEAKER_02: How do the creatives do it?
1:20:56
SPEAKER_02: Because if I'm gonna say, oh, look at podcasting, I'm limiting you.
1:20:59
SPEAKER_02: If I'm gonna say, Oh, look at no, I'm limiting, no, no, no, none of that.
1:21:03
SPEAKER_02: None of that.
1:21:04
SPEAKER_02: Look at the entire space, all of the expressions that exist now that are monetizable in the creative space.
1:21:11
SPEAKER_02: That's it.
1:21:11
SPEAKER_00: Plug into it.
1:21:12
SPEAKER_00: So I just asked you for help for the creatives for support.
1:21:16
SPEAKER_00: And your answer is they should go do their own homework.
1:21:19
SPEAKER_02: Yes, go and study the creatives, copy, contextualize, and paste.
1:21:22
SPEAKER_02: You're mean.
1:21:23
SPEAKER_02: I am being real.
1:21:25
SPEAKER_00: I'm being real.
1:21:26
SPEAKER_00: Please give some last final advice for the person watching right now.
1:21:30
SPEAKER_02: Um, guys, nobody's coming to save us.
1:21:34
SPEAKER_02: Um, nobody's coming.
1:21:36
SPEAKER_02: I know that we have a savior complex.
1:21:38
SPEAKER_02: I know that we we taunt independence, and the idea we have behind independence is you know, there will be heroes, superheroes, that would come and then they will break the back of the oppressor, and then we would be saved.
1:21:51
SPEAKER_02: Nobody's coming.
1:21:52
SPEAKER_02: Um, Africa's problems will be solved by Africans, Ghana's problems will be solved by Ghanaians.
1:21:57
SPEAKER_02: Uh, the day you understand that the government cannot save you, your lecturers will not save you, your parents cannot save you, that's the day everything changes.
1:22:05
SPEAKER_02: And because of that, you owe it to yourself and to posterity to take your learning into your own hands, to build a very robust system that is continuously uh learning, updating, uh, improving upon itself.
1:22:21
SPEAKER_02: The the best way to live right now is to build yourself a brand that you can eat off today, then build the brand, your own second brand that would eat this brand so that you can go into the next one and keep doing it forever and ever.
1:22:36
SPEAKER_02: So I'm glad that now content creator, educator Richie is about to swallow songwriter, performer.
1:22:43
SPEAKER_02: Songwriter, performer doesn't need to die, but you are building the brand that will cannibalize it.
1:22:48
SPEAKER_02: You are not gonna wait for them to totally desert you as a songer, as a singer, songwriter.
1:22:54
SPEAKER_02: You have already moved.
1:22:55
SPEAKER_02: So even now, if they decided to run away from your songs, guess what?
1:22:58
SPEAKER_02: They'll watch the podcast, guess what?
1:23:00
SPEAKER_02: They will read the book, guess what?
1:23:02
SPEAKER_02: They will wear your earphones.
1:23:03
SPEAKER_02: Four new brands have emerged out of that one man.
1:23:07
SPEAKER_02: You are the person people should be looking to.
1:23:09
SPEAKER_02: Cannibalize your own core and keep reinventing yourself.
1:23:13
SPEAKER_02: Information is cheap, it's accessible.
1:23:17
SPEAKER_02: The same YouTube where you watched whatever it is that you were watching, the same Netflix where you binge watch, you know, 22 episodes of six seasons of whatever you watched, are the same places where people are learning skills and picking up things that is helping them to move.
1:23:35
SPEAKER_02: I say this over and over again.
1:23:37
SPEAKER_02: The greatest disservice you can do to yourself in today's day and age is to limit your learning to the classroom.
1:23:42
SPEAKER_02: Um, lifelong learning, continual learning.
1:23:46
SPEAKER_02: Again, nobody is coming to save you.
1:23:50
SPEAKER_02: Um use the internet as a tool.
1:23:55
SPEAKER_02: Use the internet, don't let the internet use you.
1:23:58
SPEAKER_02: Um find like-minded people.
1:24:01
SPEAKER_02: If all you and your friends discuss is wigs, but toss, uh, you know where I'm going.
1:24:10
SPEAKER_02: Yeah.
1:24:10
SPEAKER_02: Um, and most importantly, please understand that if you're not part of the solution, you're part of the problem.
1:24:16
SPEAKER_02: And we're looking for solutions for our continent, for our posterity, and for our future.
1:24:22
SPEAKER_02: Whatever you do, whatever you do, please do not give up.
1:24:28
SPEAKER_02: And just in case you want to give up, go ahead.
1:24:30
SPEAKER_02: We don't have any motivation for you.
1:24:32
SPEAKER_02: You can give up.
1:24:33
SPEAKER_02: For those of you who don't want to give up, keep pushing.
1:24:37
SPEAKER_02: Find it, it eventually works.
1:24:39
SPEAKER_02: It eventually works.
1:24:40
SPEAKER_02: Find your unique expression, find your unique gift, and give back glory to God by doing the best with that skill.
1:24:50
SPEAKER_02: If it's a camera you're holding, be the best guy that's overheld the camera.
1:24:54
SPEAKER_02: If it is coding you're gonna code, be the best guy that has ever written language in code.
1:24:59
SPEAKER_02: If it's songs you're gonna write, if it's content you're gonna create, be the best.
1:25:04
SPEAKER_02: Force your clients to beg you to be the one that should get the work.
1:25:10
SPEAKER_02: I have gone into industries where people were saying there are no clients.
1:25:14
SPEAKER_02: And in that same industry, there were people who were saying no to clients.
1:25:18
SPEAKER_02: The difference is competence and value.
1:25:21
SPEAKER_02: The marketplace does not care about your emotions, it cares about competence and value.
1:25:27
SPEAKER_02: If you speak those two languages, you'll be absolutely fine.
1:25:30
SPEAKER_02: And most importantly, never stop watching Masterminds, it would help you.
1:25:35
SPEAKER_02: Right there.
1:25:36
SPEAKER_02: Cheers.
1:25:36
SPEAKER_00: Come, it's been so amazing stepping into the future with you.
1:25:39
SPEAKER_00: And I definitely hope you guys learned so much because I have.
1:25:42
SPEAKER_00: And if you know, in a few months' time, by that I mean seven months to be precise, you see me as a crypto genius, it's because of this conversation.
1:25:51
SPEAKER_02: I'll be sending you trades.
1:25:52
SPEAKER_02: We'll be trading every morning.
1:25:54
SPEAKER_02: That'll be great.
1:25:54
SPEAKER_00: So, definitely the goal is always to make sure you become a mastermind.
1:26:00
SPEAKER_00: Thanks for watching this episode.
1:26:02
SPEAKER_00: The fact that you stayed all the way through to the end tells me that you're not only curious, but you have the discipline to see what you do all the way through to the end.
1:26:11
SPEAKER_00: Now, let's build a community of thinkers who are ready to become the best person of themselves.
1:26:17
SPEAKER_00: So subscribe to the channel and the mindset that you will develop and grow every day to become a true mastermind.