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Transcript

BREAKING: Trump Fires BLS Chief as Unemployment Explodes to 4-Year High (Economic Crisis Coming?) · The Table with Anthony ONeal

0:00
[SPEAKER_00]: They say about 254, African-Americans will have zero to negative net worth, and simplest terms, pretty much they're saying that we will be in the red.
0:12
[SPEAKER_00]: I've dedicated the last 15 years of my life to help African-Americans and not just African-Americans, but everyone, and get out of the red and get into the black.
0:22
[SPEAKER_00]: We're building our community of individuals who want to get out of debt, who want to
0:29
[SPEAKER_00]: and get into the black.
0:31
[SPEAKER_00]: We are almost at a million community members.
0:35
[SPEAKER_00]: who are aligning with that vision with that mission.
0:37
[SPEAKER_00]: But oftentimes, I get messages saying, and I'm in the community, but then you're not subscribed.
0:42
[SPEAKER_00]: One of the simplest things, and a free thing that you can do to help keep neatness network and the table going, is simply hitting that subscribe button.
0:50
[SPEAKER_00]: We are almost at a million subscribers.
0:52
[SPEAKER_00]: How the time of recording this, we're at 980,000 to 20,000 more.
0:54
[SPEAKER_00]: And then I'm simply and super excited.
0:59
[SPEAKER_00]: that you have subscribe.
1:01
[SPEAKER_00]: Thank you for being a part of this community.
1:03
[SPEAKER_00]: It's a lot of great things going, but if you have it, can you do me a favor and hit that subscribe button and join this amazing community of people?
1:12
[SPEAKER_00]: That by 254, they don't want to be a part of that step.
1:15
[SPEAKER_00]: They want to be.
1:17
[SPEAKER_00]: amongst the individuals who are consumer debt-free, building wealth, passing down legacy, and enjoying their life.
1:24
[SPEAKER_00]: Do me a favor before we get into today's show.
1:27
[SPEAKER_00]: Hit that subscribe button and share today's show.
1:30
[SPEAKER_00]: Hey, thank you.
1:31
[SPEAKER_00]: Let's get to it.
1:32
[SPEAKER_00]: What I'm about to tell you happened just days ago, and 90% of people have no idea what this means for their money.
1:47
[SPEAKER_00]: point three percent.
1:50
[SPEAKER_00]: The highest has been since 2020-2001.
1:55
[SPEAKER_00]: But here's what the media isn't telling you.
1:58
[SPEAKER_00]: President Donald Trump just fired the person in charge of these numbers.
2:04
[SPEAKER_00]: You all know me for those of you who do not know me, my name is Anthony O'Neill and I've been warning about this economic shift for months.
2:12
[SPEAKER_00]: And today,
2:15
[SPEAKER_00]: because of this article is here.
2:20
[SPEAKER_00]: And by the end of today's show, by the end of today's episode, you'll know exactly what to do to protect yourself and your family.
2:28
[SPEAKER_00]: And I wanna dive into exactly what this is.
2:33
[SPEAKER_00]: first.
2:35
[SPEAKER_00]: I want to talk about what actually happened.
2:37
[SPEAKER_00]: If you all see me looking down on the screen or at my computer here to my left, just know that I'm looking at my notes and I'm looking at the August Jobs report.
2:49
[SPEAKER_00]: that we're honestly when I really want to do is moving for when I start quoting stats and facts from different reports we're going to actually add these into the show notes because as I'm evolving as I'm getting my doctoral degree now in finance and investing.
3:08
[SPEAKER_00]: One of the things I'm learning as an expert, I need to provide the source of where I'm pulling from.
3:15
[SPEAKER_00]: So that way I'm not just being quoted as a financial guru, which I'm not a guru, but I am becoming a thought leader and an expert in his space.
3:25
[SPEAKER_00]: And so an expert always provides its sources.
3:28
[SPEAKER_00]: And so this article is going to be inside of the show note, so you can see it for yourself
3:38
[SPEAKER_00]: Because the numbers do not lie.
3:40
[SPEAKER_00]: Even with politicians trying to spend them a little bit, numbers don't lie.
3:46
[SPEAKER_00]: You see, in August, per this report, Americans added only 22,000 jobs.
3:50
[SPEAKER_00]: I'm going to say Americans, I'm talking about America.
3:57
[SPEAKER_00]: We expected 75,000.
3:59
[SPEAKER_00]: They say massive, miss, I'm saying one more time.
4:05
[SPEAKER_00]: In August,
4:07
[SPEAKER_00]: We were expecting to have 75,000 new jobs added, but we only hit 22,000 jobs, but it gets worse.
4:18
[SPEAKER_00]: And June, the June numbers, they were revised down to show we actually lost, watched this 13,000 jobs.
4:28
[SPEAKER_00]: That's the first monthly job loss since December 2020.
4:36
[SPEAKER_00]: Manufacturing has been bleeding jobs for straight.
4:43
[SPEAKER_00]: I want to say four, four to five straight months.
4:51
[SPEAKER_00]: This isn't just an accident.
4:54
[SPEAKER_00]: This isn't just someone say, I'm learning this new word, Blip.
5:00
[SPEAKER_00]: This is starting to become a trend.
5:03
[SPEAKER_00]: Now, here's a political bombshow that nobody's talking about.
5:09
[SPEAKER_00]: President Donald Trump fired Erica, the Bureau of Labor, Statistic Commissioner, right after these bad numbers came out.
5:20
[SPEAKER_00]: Her replacement, E.J.
5:24
[SPEAKER_00]: and Tony.
5:26
[SPEAKER_00]: And Tony, hopefully I'm saying the last name right, correct me in the comments section from saying it wrong.
5:34
[SPEAKER_00]: and people are starting to be a little worried about this.
5:38
[SPEAKER_00]: You see, this isn't just about numbers, family.
5:42
[SPEAKER_00]: This is about who controls a narrative around our economic future.
5:48
[SPEAKER_00]: When politicians start flirting with people who report bad news, news, we need to start paying attention.
5:58
[SPEAKER_00]: Now, I want to tell you what they're not telling you.
6:03
[SPEAKER_00]: about that 4.3% unemployment rate.
6:17
[SPEAKER_00]: That number only counts people actively looking for work right now.
6:23
[SPEAKER_00]: It doesn't count part-time workers who went full-time jobs.
6:27
[SPEAKER_00]: Actually, the Marie-Wine that.
6:29
[SPEAKER_00]: It doesn't count part-time workers who need full-time jobs.
6:34
[SPEAKER_00]: It doesn't even count people who got so discouraged that they stopped looking.
6:43
[SPEAKER_00]: I want that to sit right there for a little bit.
6:45
[SPEAKER_00]: The average person who's unemployed,
6:49
[SPEAKER_00]: They've been out of work for 24 and a half weeks.
6:56
[SPEAKER_00]: That's the longest since April of 2022.
6:59
[SPEAKER_00]: Instead of one more time, the average person who was unemployed, they've been out of work for 24 and a half weeks.
7:13
[SPEAKER_00]: We have not seen numbers like that since April of 2022.
7:17
[SPEAKER_00]: And here's what's really getting me right now.
7:20
[SPEAKER_00]: The Federal Reserve is still behind the curve.
7:23
[SPEAKER_00]: Jerome Powell and the team are so focused on old data, they're always reacting instead of the honesty stepping up and helping us make some shifts and some changes here.
7:31
[SPEAKER_00]: Even President Trump called him out on social media saying Powell should have cut rates longer ago and calling him too late.
7:41
[SPEAKER_00]: Now, I'm not going to get into the whole political things of power, said did this, power, said did that, because here's the truth.
7:47
[SPEAKER_00]: I'm not sitting in power share with all the information in front of me.
7:59
[SPEAKER_00]: I'm not.
8:01
[SPEAKER_00]: Do I have my opinion?
8:03
[SPEAKER_00]: Yes, but my opinion only has a little bit of information.
8:11
[SPEAKER_00]: Right now, I believe the Fed is just playing ketchup.
8:14
[SPEAKER_00]: But our wallets are paying the price.
8:18
[SPEAKER_00]: What's going on, family?
8:18
[SPEAKER_00]: Listen, I just saved over $400 of my current insurance and literally 10 minutes.
8:24
[SPEAKER_00]: Here's the thing.
8:25
[SPEAKER_00]: Most of us are overpaying because we're so loyal to companies that ain't loyal to our wallets.
8:31
[SPEAKER_00]: Recently, I partnered with a trusted broker to help my family use.
8:35
[SPEAKER_00]: Stop throwing money away by just simply entering your zip code and answering some of your questions and boom, you have real close within real companies within a matter of 60 seconds.
8:46
[SPEAKER_00]: No credit checks, none of that span gone.
8:48
[SPEAKER_00]: Look, you work hard for your money.
8:50
[SPEAKER_00]: Why I give more of it away than you have to.
8:53
[SPEAKER_00]: I personally use this company back when I was going to my search and then put money back in my pocket.
9:00
[SPEAKER_00]: All you have to do is go to anthonylo.com for slash car insurance right now.
9:04
[SPEAKER_00]: As anthonylo.com for slash car insurance, stop overpaying.
9:09
[SPEAKER_00]: Start keeping your money so you can pay off debt and start investing and building your number one asset which is your wealth.
9:15
[SPEAKER_00]: All right, listen, go to anthonylo.com for slash car insurance and get that book today.
9:21
[SPEAKER_00]: Peace out.
9:24
[SPEAKER_00]: So I want to give y'all a synopsis, a thought of what I think is coming next.
9:30
[SPEAKER_00]: Based upon my little bit of expertise, based upon my little bit of research with a little bit of data that I have in front of me from reading this article from doing another research.
9:44
[SPEAKER_00]: I want to talk about what's coming next because the story is far from over.
9:51
[SPEAKER_00]: It's far from over.
9:53
[SPEAKER_00]: When the jobs report dropped, stocks initially dropped as well.
9:59
[SPEAKER_00]: Why?
9:59
[SPEAKER_00]: Because investors thought, great, bad news means the Fed will cut rates.
10:06
[SPEAKER_00]: By the end of the day, those gains faded.
10:13
[SPEAKER_00]: And when I say dropped, I'm not talking about it just,
10:19
[SPEAKER_00]: No, I'm talking about initially, they just, the stock market was just great, right?
10:26
[SPEAKER_00]: Or you just, it just railed.
10:29
[SPEAKER_00]: I'm okay.
10:30
[SPEAKER_00]: Okay.
10:31
[SPEAKER_00]: About the end of the day, those gangs, man.
10:34
[SPEAKER_00]: They faded.
10:36
[SPEAKER_00]: They faded.
10:39
[SPEAKER_00]: The market realized something I've been saying.
10:42
[SPEAKER_00]: Rate cuts alone won't fix a broken job market.
10:48
[SPEAKER_00]: Here's what I'm watching.
10:50
[SPEAKER_00]: We're getting a new Fed chair in 2026.
10:54
[SPEAKER_00]: That could mean a complete policy shift.
10:58
[SPEAKER_00]: The question is, will they finally be forward?
11:05
[SPEAKER_00]: How does it is?
11:12
[SPEAKER_00]: Chantin, how does it is correctly?
11:17
[SPEAKER_00]: I'm going to say with that, well they finally be forward thinking as in forward looking instead of for always playing ketchup, well we be able to get ahead of the game and not feel the issues and trying to play ketchup.
11:34
[SPEAKER_00]: Because let's look at it right now health care is the only sector adding significant jobs.
11:42
[SPEAKER_00]: 31,000 jobs in August.
11:43
[SPEAKER_00]: Meanwhile, federal employment is down 97,000 jobs since January.
11:50
[SPEAKER_00]: No comment on that.
11:52
[SPEAKER_00]: No comment on that.
11:56
[SPEAKER_00]: I'm not going to make no comments, because I have thoughts.
11:59
[SPEAKER_00]: And again, this is not a political show.
12:01
[SPEAKER_00]: This is a financial literacy show, a personal finance show to help you, to help you.
12:09
[SPEAKER_00]: So now that we see an unemployment rate, inched up to 4.3 from 4.2 percent, reaching the highest-ish-reets since late 2021.
12:19
[SPEAKER_00]: For the first time since before the pandemic, there are now more unemployed workers than there are jobs.
12:29
[SPEAKER_00]: For the first time,
12:32
[SPEAKER_00]: since before the pandemic, before 2019, we have more unemployed workers than there are job openings.
12:47
[SPEAKER_00]: If you're in this chair, if you're one of the people who feel this or, if you have a job, I want to talk about what can we control?
13:03
[SPEAKER_00]: And what should we be doing right now?
13:08
[SPEAKER_00]: Because this is real.
13:10
[SPEAKER_00]: And honestly, I'm not trying to scare you, but it's going to get a little worse.
13:17
[SPEAKER_00]: It's going to get a little worse.
13:21
[SPEAKER_00]: Our grandmother's, if you're in my age bracket, you should always tell us baby, it's not a matter of when this, if a storm is coming, it's just a matter of when this storm is coming.
13:30
[SPEAKER_00]: My grandmother's always keep a umbrella in her car.
13:37
[SPEAKER_00]: She's always keep a small, real small umbrella inside of her big old purse because you say, baby, it's not a matter of if, it's just a matter of when.
13:44
[SPEAKER_00]: I just want, I want to be prepared for when it happens.
13:49
[SPEAKER_00]: Listen, y'all, it's not a matter of if you're going to lose your job, it's not a matter of if you're going to transition from your job, but just a matter of when.
13:59
[SPEAKER_00]: And how can we be ready for it as much as possible?
14:05
[SPEAKER_00]: Because out of these 4.3% of the people who don't have a job, I don't think none of them woke up saying today, I'm going to be unemployed.
14:14
[SPEAKER_00]: Life happened.
14:22
[SPEAKER_00]: Listen, I'm not going to go through this entire article.
14:24
[SPEAKER_00]: We're going to put this article inside of these show notes.
14:27
[SPEAKER_00]: I want you to go read this first article.
14:29
[SPEAKER_00]: My job, my assignment is to help you.
14:32
[SPEAKER_00]: Here's a very first thing you need to be doing.
14:34
[SPEAKER_00]: If this is you or if you're like me, but we need to be prepared because the truth of the fact is I'm not going to be doing this podcast for the rest of my life.
14:42
[SPEAKER_00]: Life could happen and man.
14:46
[SPEAKER_00]: And I want to make sure that I'm prepared for whatever God allows to happen.
14:50
[SPEAKER_00]: And I want to pause right there because I feel there's on my spirit and I just want to be obedient to the spirit at this age of my life.
14:57
[SPEAKER_00]: I'm just learning to say it if there's an applied to you, then a skip over it.
15:01
[SPEAKER_00]: But just because you lose a job doesn't mean that you did something wrong.
15:07
[SPEAKER_00]: Just because God allows something negative to happen in your life doesn't mean that you said.
15:15
[SPEAKER_00]: Just just because life happened and God allowed life to happen doesn't mean God is disappointing you or God is trying to send you a sign.
15:24
[SPEAKER_00]: No, it's just life.
15:30
[SPEAKER_00]: Just life
15:32
[SPEAKER_00]: Now I'm not saying that God, he won't speak through negative.
15:36
[SPEAKER_00]: No, he does, and sometimes he specifically allows it to happen so we can learn something, but God also allows us to experience things that doesn't necessarily mean we're negative or we've sinned or God is upset.
15:49
[SPEAKER_00]: No, he's just allowing us to go through life to grow us, to evolve us, to mature us.
15:56
[SPEAKER_00]: But the Bible also did talk about faith without words.
16:00
[SPEAKER_00]: It also did say, be wise.
16:03
[SPEAKER_00]: So let's talk about what are some of the wise decisions we can do right now to where one, if we're in it, what do we need to be doing too?
16:11
[SPEAKER_00]: How do we be prepared?
16:12
[SPEAKER_00]: Here's number one, your emergency fund.
16:16
[SPEAKER_00]: Very first thing, in the past days of my teaching,
16:24
[SPEAKER_00]: As I have evolved, I've changed.
16:27
[SPEAKER_00]: I used to say set aside three to six months of expenses.
16:30
[SPEAKER_00]: Not any more, not in 2025.
16:32
[SPEAKER_00]: You need to have bare minimum.
16:33
[SPEAKER_00]: The read is six months of your net pay.
16:36
[SPEAKER_00]: Anthony, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa,
16:53
[SPEAKER_00]: And inside of that, I used to say, daycare.
16:56
[SPEAKER_00]: If you have child care, add that up.
16:58
[SPEAKER_00]: And if that was $3,000, okay, cool, you need to set that aside.
17:01
[SPEAKER_00]: That's going to be $369, $9,000 minimal needs in the inside of your bank account.
17:06
[SPEAKER_00]: But what I've learned specifically with black people, and now in the second, you're saying it's only black people.
17:10
[SPEAKER_00]: I think it's with everybody.
17:13
[SPEAKER_00]: We need to have at least three months of our net pay, three months to where our life doesn't have to change because when our back is up against the wall, that's when we tend to make the wrong decisions.
17:25
[SPEAKER_00]: So we can have three months.
17:28
[SPEAKER_00]: We saw in this study that the average person unemployed was 24, was that 24 weeks?
17:38
[SPEAKER_00]: 24 divided into four, that's six months.
17:41
[SPEAKER_00]: What do I say, three to six months of net pay?
17:44
[SPEAKER_00]: So if we can have three to six months of net pain, while we're looking for a job, we don't have to change our lives.
17:50
[SPEAKER_00]: Our kids don't have to be eating peanut butter and jelly sandwiches for lunch and for dinner.
17:55
[SPEAKER_00]: Our wives can still go get their hair done and their nails done.
17:59
[SPEAKER_00]: Like our lives doesn't have to change.
18:01
[SPEAKER_00]: Why we're being strategic?
18:02
[SPEAKER_00]: That word again, why we're being intentional about finding another job and other sorts of income.
18:07
[SPEAKER_00]: Our lives doesn't have to change.
18:09
[SPEAKER_00]: We can make better decisions.
18:11
[SPEAKER_00]: but we got to stack this money inside of a high-year saves account.
18:19
[SPEAKER_00]: Got to.
18:21
[SPEAKER_00]: If you're working in tech right now, if you're working in the manufacturing industry, or if you're working in a federal government, you need to hear this clearly.
18:32
[SPEAKER_00]: Your job is not 100% safe as what it used to be.
18:42
[SPEAKER_00]: So you need to be setting us on, Muddy.
18:46
[SPEAKER_00]: You need to put your money inside of a high yo saves account and we're gonna put it up on the screen right now.
18:51
[SPEAKER_00]: Every single week, I've created this tool and we do the research and we see what's the best interest rate to give you a little bit more money to what your money is getting anywhere between three to five percent annually.
19:06
[SPEAKER_00]: Put your money aside that accountant, every single month, you're gonna get some free money for your money just sitting there.
19:12
[SPEAKER_00]: I extra $100, $200 a month doing nothing is better than getting one penny or two pennies for doing nothing.
19:20
[SPEAKER_00]: Go to handthenionnew.com for slash savings, and you will see so far, which is what I use personally, that's my favorite one, but at the same time I've learned and within this industry, as an expert, I gotta give you all options.
19:33
[SPEAKER_00]: But what I love about so far is they're going to give you $300 extra just for opening up a savings of how your savings account and a checking account.
19:41
[SPEAKER_00]: What?
19:44
[SPEAKER_00]: So go to www.antherner.com for us that savings right now, check it out if you don't have a how you'll savings.
19:49
[SPEAKER_00]: Here's the second thing we got to do, diversify your income.
19:55
[SPEAKER_00]: In 2025, side hustles are no longer an option anymore.
20:00
[SPEAKER_00]: It is a requirement.
20:04
[SPEAKER_00]: investment income, freelancing, small businesses, you need multiple streams of income because one paycheck equals one point away from failure.
20:24
[SPEAKER_00]: Everyone on my side, everyone who works with me, hey bro, go, go.
20:31
[SPEAKER_00]: Because this YouTube channel is not my only source of income.
20:38
[SPEAKER_00]: No.
20:40
[SPEAKER_00]: I don't want no one working for me.
20:41
[SPEAKER_00]: And only, only dependent.
20:44
[SPEAKER_00]: No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no
21:03
[SPEAKER_00]: but hey man on the weekends, on your day off, along with the job as a man, go make some action money for you and your family.
21:09
[SPEAKER_00]: Because I can't pay you every single thing that you need to live all of your dreams.
21:15
[SPEAKER_00]: I can't do that.
21:16
[SPEAKER_00]: All right, family, let me keep it real with you for a quick minute here.
21:20
[SPEAKER_00]: Hmm, most career chain programs, they promise you the world.
21:24
[SPEAKER_00]: They need to leave your hanging, but this QA boot camp, I'm about to tell you about, and be real to a friend.
21:29
[SPEAKER_00]: It's going to take about 20 weeks of hard work, studying after your day job, pushing through when you want to quit.
21:36
[SPEAKER_00]: But this is the fastest mostly jet pad I found to go from whatever you're making now You 85,000 dollars plus working from home and tech 100% no coding required See career is has over 1,300 graduates not working for companies like Google Apple Amazon even Disney
21:56
[SPEAKER_00]: Their program is ranked number one by course report and here's what I love You don't just train you and leave They coach you until you actually get a job because you want my friends Mike went from working 90 hours a week Making 63,000 dollars a year to making 98,000 dollars plus in commission working from home Sarah single mom went from retail to 95,000 dollars a year as a QA supervisor
22:19
[SPEAKER_00]: These are not special people, they just made a decision to stick to it for 20 weeks and it changed their life.
22:25
[SPEAKER_00]: The US Bureau Labor Statistics Project said there will be a 25% growth in QA jobs by 2032.
22:31
[SPEAKER_00]: And companies are in desperate need of QA professionals, because when their system goes down, they lose millions.
22:37
[SPEAKER_00]: So if you're tired of being underpaid,
22:40
[SPEAKER_00]: and you want a recession-proof career that lets you work from anywhere, not just home but even on the beach, do not wait.
22:46
[SPEAKER_00]: Every day you delay is another day someone else is getting the training you need.
22:53
[SPEAKER_00]: Want to visit anthonyo.com for us as QA.
22:56
[SPEAKER_00]: Again, that is anthonyo.com for us as QA.
22:59
[SPEAKER_00]: It's time for today.
23:00
[SPEAKER_00]: Let's more change your life.
23:01
[SPEAKER_00]: I promise you.
23:03
[SPEAKER_00]: Here's the third day.
23:05
[SPEAKER_00]: Y'all, you gotta get out of debt right now.
23:07
[SPEAKER_00]: Got to.
23:08
[SPEAKER_00]: You have to get out of consumer debt.
23:11
[SPEAKER_00]: It bothers me, man, when I hear other financial experts, and I can say no, now you're talking about leverage debt and leverage other people's money.
23:17
[SPEAKER_00]: Man, that, almost costs.
23:23
[SPEAKER_00]: That has to be the most foolish thing.
23:28
[SPEAKER_00]: that we're teaching people in 2025.
23:30
[SPEAKER_00]: Go rack up more debt when you're already in debt to make more money.
23:36
[SPEAKER_00]: Help me understand how does that happen.
23:40
[SPEAKER_00]: Help me understand whatever one who's sitting after loss of e, why is it that?
23:44
[SPEAKER_00]: 60% of the people can't afford to pay cash for a thousand dollar emergency.
23:56
[SPEAKER_00]: Why are we chasing a three-digit credit score when we don't even have $1,000 a side of our bank account?
24:03
[SPEAKER_00]: Yes, having good credit is important, but leveraging debt.
24:08
[SPEAKER_00]: The hell?
24:09
[SPEAKER_00]: I'm sorry, I had to say it.
24:11
[SPEAKER_00]: That's why I love companies like Kickoff and like Dobley, who are helping you get your credit score up without racking up any debt.
24:19
[SPEAKER_00]: So that way you can leverage your credit when it comes to getting a mortgage.
24:23
[SPEAKER_00]: You can leverage your credit when it comes to getting an asset.
24:26
[SPEAKER_00]: You can leverage your credit when it comes to getting car insurance.
24:29
[SPEAKER_00]: And when you can leverage your credit when it comes to getting an apartment complex.
24:32
[SPEAKER_00]: And you got to pay two, three months of a deposit.
24:38
[SPEAKER_00]: Get out of debt and stop following people who are going to tell you, oh my god, I got an 800 credit score and I got access to $200,000 in capital.
24:47
[SPEAKER_00]: Okay.
24:49
[SPEAKER_00]: What are you going to do with that capital?
24:50
[SPEAKER_00]: You can go buy a car.
24:52
[SPEAKER_00]: Oh my gosh.
24:52
[SPEAKER_00]: I got it.
24:53
[SPEAKER_00]: I get it.
24:54
[SPEAKER_00]: You're going to go buy a range for over so you can ride it off and get it.
24:56
[SPEAKER_00]: You can ride up 80% of it and you look good.
25:06
[SPEAKER_00]: 95% of you all are not mature.
25:07
[SPEAKER_00]: If I naturally mature enough to have a credit card.
25:22
[SPEAKER_00]: Yeah, I pause there.
25:24
[SPEAKER_00]: I'm not going to see any comments.
25:25
[SPEAKER_00]: I'm not somebody I'm going to probably unsubscribe from an understand.
25:30
[SPEAKER_00]: Understand.
25:38
[SPEAKER_00]: I gotta, I gotta tell you the truth.
25:43
[SPEAKER_00]: I'm tired of seeing my people struggle, I'm tired of seeing my people cry if.
25:48
[SPEAKER_00]: I'm tired of getting phone calls.
25:52
[SPEAKER_00]: And people cry because they make $60,000.
25:57
[SPEAKER_00]: But they're $200,000 in debt, car loans, credit cards, student loans, personal loans, home equity line credit.
26:09
[SPEAKER_00]: Everyone out there are teaching them yo, go over here and get this line of credit and get this credit card with a hundred thousand dollars on it But when the average person, they get that credit card and they get that lot of credit and they go by the most foolish and a dumbest thing ever and why am I saying that because I did it I wouldn't bother BMW paying a thousand dollars a month I wouldn't put an Atlanta trip.
26:35
[SPEAKER_00]: I never get that time and I was dating this chick
26:38
[SPEAKER_00]: running the Cadillac escalate from Jacksonville, Florida, drove up to got that going at landing.
26:47
[SPEAKER_00]: Got the hotel, got a suite at the hotel, that's attached to the mall down in at landing.
26:51
[SPEAKER_00]: That whole weekend, I dropped about $5,500 on the credit card, because I went to impress her.
26:56
[SPEAKER_00]: I wanted to look good.
26:58
[SPEAKER_00]: Anthony, you put $5,500 for a running car on a hotel.
27:02
[SPEAKER_00]: Yeah, the hotel room by itself is like two grand and rental cars by another $1500.
27:07
[SPEAKER_00]: And then I think I bought her inside.
27:09
[SPEAKER_00]: I never get, I bought her like a coach purse in a MK purse.
27:13
[SPEAKER_00]: I forgot the book that MK for y'all could put in the comments.
27:16
[SPEAKER_00]: Let me know what the MK, but I bought her that and we went out to eat.
27:19
[SPEAKER_00]: Man, we went out to a restaurant as it was like at the top of something.
27:22
[SPEAKER_00]: I forgot, it was years ago.
27:26
[SPEAKER_00]: But I put it in the credit card.
27:33
[SPEAKER_00]: Listen to the fourth one.
27:36
[SPEAKER_00]: Get out of debt because you say when we get out of a consumer debt, this leads into the fourth one.
27:44
[SPEAKER_00]: We got to keep investing.
27:47
[SPEAKER_00]: But we have to be smart about it.
27:49
[SPEAKER_00]: We got a dollar cost average into broad index funds.
27:55
[SPEAKER_00]: If you're still in debt, I don't want you to want 100% stop investing.
28:00
[SPEAKER_00]: If your company is giving you a 3% match, for an example, I want you to stop investing everyone else, everywhere else.
28:07
[SPEAKER_00]: But I want you to put 3% of your check inside of that money, so you can get that free money.
28:11
[SPEAKER_00]: I know Anthony used to teach in the past, like, oh my God, stop investing.
28:15
[SPEAKER_00]: You know, when you're on this particular part of your debt free journey, I get it.
28:19
[SPEAKER_00]: I've said it, I've evolved enough change.
28:22
[SPEAKER_00]: That way still works.
28:23
[SPEAKER_00]: If you want to go that way, that's cool, but for me, for people of color, we got a narrow down as wealth gap.
28:29
[SPEAKER_00]: And the only way we can narrow down as wealth gap is take advantage of the free money that we're all getting.
28:35
[SPEAKER_00]: I don't want you to pass up on that four year or two years.
28:37
[SPEAKER_00]: That could be that year or two years of free money, three percent, four percent, five percent, that could be the difference of a hundred thousand dollar portfolio, even up to a million dollars portfolio, depending on how long you're on this journey for.
28:55
[SPEAKER_00]: Listen, I know it's tempting to panic.
29:06
[SPEAKER_00]: of your index funds, your investments, but I need y'all to stay to course with your diverse investments.
29:13
[SPEAKER_00]: I need you to stay to course on those four things.
29:22
[SPEAKER_00]: Listen, I need y'all to be doubted in for the next 90 days.
29:33
[SPEAKER_00]: I need y'all to create, I call this, within my economic class, my consumer economics class, I need you to create an economic dashboard for the next 90 days.
29:44
[SPEAKER_00]: I want you to watch for the CPI and the PPI inflation data that tells us if prices are still sticky.
29:54
[SPEAKER_00]: Michigan Consumer sentiment numbers will show you how people really feel about their money.
30:01
[SPEAKER_00]: The Fed's book will reveal what businesses are saying, I would say, stained on the ground.
30:12
[SPEAKER_00]: And the big one, the September FOMC meeting.
30:18
[SPEAKER_00]: There's a 90% chance they'll cut rates by at least 25 basis points.
30:25
[SPEAKER_00]: don't just watch the headlines people.
30:28
[SPEAKER_00]: Listen, headlines are misleading.
30:30
[SPEAKER_00]: I need you to watch the numbers.
30:33
[SPEAKER_00]: They'll tell you what's really happening in the economy.
30:39
[SPEAKER_00]: Here's the bottom line as we end today's show.
30:45
[SPEAKER_00]: Wow, politicians play games with job numbers.
30:50
[SPEAKER_00]: You cannot play games with your financial future.
30:54
[SPEAKER_00]: You can't control the Fed.
30:56
[SPEAKER_00]: You can't control unemployment rates, but you can control how you respond.
31:03
[SPEAKER_00]: I need you to build that emergency fund.
31:06
[SPEAKER_00]: I need you to diversify your income.
31:09
[SPEAKER_00]: Go to ampinonew.com for SaaS savings to look at the best, how you'll save as accounts.
31:14
[SPEAKER_00]: I need you to open up a Moomool account.
31:16
[SPEAKER_00]: They're giving away free stocks right now.
31:19
[SPEAKER_00]: free stocks, put $50 in there, put $100 in there.
31:22
[SPEAKER_00]: You're gonna get free stocks, pay down your debt.
31:27
[SPEAKER_00]: I'm working on something that I can't just say right now, it's gonna help you get a strategic game plan for yourself.
31:34
[SPEAKER_00]: I'm so excited about this.
31:36
[SPEAKER_00]: This coming soon, right around November, I can't say too much.
31:44
[SPEAKER_00]: I'm telling you, man, this got us doing something major here.
31:51
[SPEAKER_00]: Keep investing wisely, you guys.
31:55
[SPEAKER_00]: I'll keep watching these indicators, so you don't have to.
31:59
[SPEAKER_00]: As much as me.
32:01
[SPEAKER_00]: Make sure you subscribe and hit that notification bell, because I'm going to be keeping us updated.
32:08
[SPEAKER_00]: But y'all,
32:11
[SPEAKER_00]: It's gonna be a part of these numbers.
32:12
[SPEAKER_00]: All right, drop a comment below.
32:15
[SPEAKER_00]: Are you seeing Lady Ophs in your industry?
32:20
[SPEAKER_00]: If so, let us know.
32:21
[SPEAKER_00]: All right, hope I didn't scare you all today.
32:25
[SPEAKER_00]: Hopefully you're all in courage.
32:27
[SPEAKER_00]: We're gonna be all right.
32:29
[SPEAKER_00]: But we gotta watch the numbers and we gotta get prepared for when God allows life to happen to one of us.
32:36
[SPEAKER_00]: But do not forget, you are connected to a community.
32:41
[SPEAKER_00]: It's almost a million of us.
32:43
[SPEAKER_00]: Plus, I'm praying for each and every single one of you.
32:47
[SPEAKER_00]: As a matter of fact, if you watch this all the way to the end of the show, and if you are in that situation to where you've lost your job, just put your name inside a chat, and I want to pray for you.
33:02
[SPEAKER_00]: Put your name inside the comments section, and I'm going to pray for you.
33:11
[SPEAKER_00]: Maybe you don't want to put their first name, put their initials.
33:14
[SPEAKER_00]: And I'm going to let's be prayer for everybody that is unfortunately unemployed.
33:22
[SPEAKER_00]: Because I believe that our God is the answer.
33:25
[SPEAKER_00]: Y'all should go Anthony O'Neill.
33:26
[SPEAKER_00]: Thank you so much, God bless you.
33:28
[SPEAKER_00]: I'll see you next time.