Latest / The Table with Anthony ONeal / The $2,200 Savings Crisis Facing Black America: Jobs, Wealth & Homeownership with Dr. Wes Bellamy

Transcript

The $2,200 Savings Crisis Facing Black America: Jobs, Wealth & Homeownership with Dr. Wes Bellamy · The Table with Anthony ONeal

0:00
[SPEAKER_00]: found that whatever you're doing, I need you to stop it, I need you to honestly sit down and pay attention to today's episode.
0:06
[SPEAKER_00]: Because I'm about to give you a number, and I need you to not scroll past it.
0:10
[SPEAKER_00]: The number is $2,200.
0:13
[SPEAKER_00]: You see, that is the median amount of money sitting in the check-in and savings account combined, and a household watch this with a black householder in America right now.
0:24
[SPEAKER_00]: This is not the average, this is the median, and median simply means tapabas have less than that.
0:31
[SPEAKER_00]: I need you to hold that number because in the next 35 to 40 minutes.
0:35
[SPEAKER_00]: I'm going to be sitting down with the man who spent a year of his life gathering his data.
0:40
[SPEAKER_00]: and he's gonna sit right across from me here at the table.
0:44
[SPEAKER_00]: And he's gonna help me understand this, help us understand this.
0:47
[SPEAKER_00]: And by the end of this conversation, you're not just going to know the numbers, but you're going to know exactly what to do about it.
0:54
[SPEAKER_00]: Because this is what we do right here at the table.
0:58
[SPEAKER_00]: Let's get to today's episode.
1:00
[SPEAKER_00]: Man, Dr. Bellamy, what's up, bro?
1:02
[SPEAKER_00]: Man, welcome to the table, bro.
1:03
[SPEAKER_00]: You know, man, I appreciate you having me.
1:05
[SPEAKER_00]: Hey, man, listen, man, you just released something that I will honestly say, kept me up at night.
1:13
[SPEAKER_00]: And this study was alarming, this study was honestly right on time for me.
1:19
[SPEAKER_00]: But before we get into this study, in this report, I want to ask you a question, honestly.
1:24
[SPEAKER_00]: What made you, I would say,
1:28
[SPEAKER_00]: want to sit down and really get active in our community and really get into this study to learn more about us.
1:35
[SPEAKER_01]: I think there's a couple of things one I love us.
1:39
[SPEAKER_01]: Yeah and like I'm willing to sacrifice whatever it takes for us.
1:44
[SPEAKER_01]: One of the things that I learned while growing up,
1:49
[SPEAKER_01]: And my neighborhood in Atlanta and all my families from South Carolina, Atlanta Beach, South Carolina is that it's important for us to love each other enough to be able to do what's necessary for us to move forward collectively.
2:04
[SPEAKER_01]: And that love and my personal opinion is shown in the fruit that we bear.
2:10
[SPEAKER_01]: So, you know, I've served as a Vice Mayor of a city and being the youngest person elected in Charlottesville, Virginia, and being a department chair, Virginia State University, and whatnot.
2:20
[SPEAKER_01]: And all those titles and, you know, I call this a mean and a great deal.
2:25
[SPEAKER_01]: but what means the most is being able to be visible in my community but also bearing fruit that allows our people to go and grow other trees.
2:35
[SPEAKER_01]: So this report to me was necessary because I felt like we need to tell the truth about what was going on with black men and boy specifically.
2:45
[SPEAKER_01]: And I didn't want us to continue kind of saying what we think is this or we think this is kind of what's happening now the data speaks for itself And while it may not be the best that we could possibly hear the best possible outcome that we could possibly hear I think it's better for us to know and then we're able to devise a plan opposed to us just kind of wondering in the wind if you will.
3:07
[SPEAKER_00]: Man, I love that Did the
3:12
[SPEAKER_00]: the report was alarming, but it also gave me hope for the message that we teach here.
3:19
[SPEAKER_00]: I do, it reminded me that we have a mission in that this is why we're doing it.
3:25
[SPEAKER_00]: I'm curious though for you, what is one thing that came back from your studying?
3:32
[SPEAKER_00]: over a year, right?
3:32
[SPEAKER_00]: Doing a time.
3:33
[SPEAKER_00]: That actually scared you a little bit for us.
3:36
[SPEAKER_01]: I think there were a couple of things, but probably the most alarming aspect of it is, you know, we live in a society in my personal opinion.
3:44
[SPEAKER_01]: And what I say doesn't mean it's always right, but I feel like society, social media, and so forth, try to pit black men against black women all the time.
3:53
[SPEAKER_01]: And the truth is, is that we love each other.
3:56
[SPEAKER_01]: We need each other, we do support each other, we care about each other.
4:01
[SPEAKER_01]: So when the state of economic black women in girls came out earlier this year, last year, I can't remember exactly when the report came out, it was alarming to say the least.
4:10
[SPEAKER_01]: And when I was seeing all the reports about nearly a million black women being unemployed in the last year, under the current administration, it really made me want to dig in to find out,
4:23
[SPEAKER_01]: And when I saw that number that said 650,000 black men were unemployed between quarter one of 2025 and quarter one of 2026.
4:34
[SPEAKER_01]: That was absolutely alarming to me.
4:38
[SPEAKER_01]: When I saw that report come back in this said African Americans were reading at a 17% proficiency rate in the fourth grade.
4:48
[SPEAKER_01]: that was mind-boggling to me.
4:51
[SPEAKER_01]: As a lifelong educator, as a person who literally eats, brews, a community work 24-7, it made me realize that there's more work to do, but I want it to again be able to find the truth so that we can go forth and find tangible solutions for our community.
5:08
[SPEAKER_01]: And I think that we envelop some of that in the in the report and collectively
5:16
[SPEAKER_00]: So he said the study for the black woman in girls was a million out of jobs from 2025 to 2026 and then men 600 and 50,000 of us.
5:25
[SPEAKER_00]: Yeah, yeah, bro.
5:32
[SPEAKER_01]: that's alarming that's that and that's a lot of black folk yes like oftentimes when we see these kind of reports they they just talk about what the black number is for sure they'll disaggregate even aggregate the data uh so we thought it was important for us to break out and then unfortunately
5:47
[SPEAKER_01]: You know, even since we released the port, one of the things that was really also heartbreaking for me was having so many brothers DMV or semi messages and saying, you know, this isn't getting the attention that it needs.
5:59
[SPEAKER_01]: If this was about sisters, this will be everywhere, or we've been saying everybody that brothers are in the need of support and nobody is listening, or they don't believe us so thank you for writing this.
6:07
[SPEAKER_01]: And what I would often say back to them is that brother, we don't have to make this again.
6:11
[SPEAKER_01]: us against them.
6:12
[SPEAKER_01]: We have the data we have to report now.
6:14
[SPEAKER_01]: Let's just go figure out what we have to do in order to incorrectly force the move forward.
6:18
[SPEAKER_01]: But like in every way in which we can turn far too often, I feel as if there is this concerted effort to pit us against each other.
6:27
[SPEAKER_01]: And really what the report and the data is showing collectively is that we all messed up.
6:32
[SPEAKER_01]: Yeah, yeah.
6:33
[SPEAKER_01]: It ain't no.
6:34
[SPEAKER_01]: The sisters are even more messed up.
6:36
[SPEAKER_01]: This isn't the oppression Olympics.
6:38
[SPEAKER_01]: We all need some help.
6:39
[SPEAKER_01]: We all need some support.
6:40
[SPEAKER_01]: So let's figure out again what we can do to be targeted to help each other collectively.
6:44
[SPEAKER_00]: So what is something with that report?
6:46
[SPEAKER_00]: Because it's like not with that report, with that particular,
6:50
[SPEAKER_00]: situation.
6:51
[SPEAKER_00]: A million of ladies, black ladies out of a job, 650,000 black men out of a job.
6:56
[SPEAKER_00]: Yeah.
6:57
[SPEAKER_00]: In my book, that's coming out here within a week or so and stop living paycheck to paycheck, we reveal that a study came out of a revealed that nearly 68% of all people in paycheck to paycheck.
7:09
[SPEAKER_00]: But also within that study, it revealed that African American males, when we die, we will not leave and inherit into our children's children.
7:18
[SPEAKER_00]: We're only going to leave them with an insurance policy that is only enough to take care of part of the bills.
7:25
[SPEAKER_00]: Wow.
7:26
[SPEAKER_00]: And the bills typically means not even a full funeral.
7:29
[SPEAKER_00]: Wow.
7:30
[SPEAKER_00]: So when you look at your study that you and your organization put out together, what can we do as a couple?
7:39
[SPEAKER_00]: And I love how you said the world tends to put us against each other, right?
7:42
[SPEAKER_00]: But it's like, social media says that a woman shouldn't work and a man should do all the work and carry the load.
7:53
[SPEAKER_00]: But I'm curious, man, with these numbers, it seems like we need each other.
7:58
[SPEAKER_01]: We both better be working.
8:01
[SPEAKER_01]: And I think that we have to be okay with understanding that we're in a different society in different time now.
8:07
[SPEAKER_01]: the new norms in terms of doing what works best for you and your households to have to be established in a foundation of what you were developing.
8:15
[SPEAKER_01]: But we currently see the data showing, not in Mewendo, not social media, not what we're talking about and maybe thinking what's happening, the data is showing.
8:26
[SPEAKER_01]: that we collectively have to be working together, whether that means from a financial sense or you taking care of the household and maybe picking up a odd job because more than likely we need the income or the brother maybe staying back and taking care of the household and supporting the system, but we need each other in a wild variety of different ways to be able for our families to be sustained.
8:46
[SPEAKER_01]: Like, this isn't just about what we think should happen.
8:49
[SPEAKER_01]: The report shows that the median savings for black men is only at $2,200.
8:55
[SPEAKER_01]: Wow.
8:55
[SPEAKER_01]: You know what I mean?
8:57
[SPEAKER_01]: $2,200.
8:58
[SPEAKER_01]: A life emergency happens.
9:00
[SPEAKER_01]: That's not enough to cover a funeral.
9:01
[SPEAKER_01]: No.
9:02
[SPEAKER_01]: That's not enough to cover medical expenses.
9:04
[SPEAKER_01]: No.
9:04
[SPEAKER_01]: That may or may not be enough to cover a car repair.
9:08
[SPEAKER_01]: So again, you can't tell me that we both don't need each other because society is really pushing both of us out.
9:14
[SPEAKER_01]: And the data is showing how again, like I'm not a sister.
9:18
[SPEAKER_01]: So I can't speak to exactly what sisters need.
9:21
[SPEAKER_01]: But I can't speak to brothers and brother.
9:23
[SPEAKER_01]: You got to figure out a way to be able to be sustained and then how to thrive even in the midst of this chaos.
9:30
[SPEAKER_00]: Yeah, yeah, yeah, no, that's what this is.
9:32
[SPEAKER_00]: When I saw that,
9:37
[SPEAKER_01]: So that means, you see, we're on the same top, we're on the same top, you know, you might have, you're saying, you, you might have 15 to play with, I might have $1015, right?
9:54
[SPEAKER_01]: You know what I mean, I mean, I mean, I mean, I mean, I mean, I mean, I mean, I mean, I mean, I mean, I mean, I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean I mean
10:12
[SPEAKER_00]: So this is a media media.
10:14
[SPEAKER_00]: So this means that half of them don't even have a thousand five hundred or two fifth in the account, but it's the same people saying, y'all, I'm not going on a date if it ain't more than two three hundred dollars.
10:27
[SPEAKER_00]: But I'm like, wait a minute, black men, 50% of us based upon the data don't even have a thousand dollars.
10:35
[SPEAKER_00]: So we don't have the means to get there.
10:40
[SPEAKER_01]: And then, you know, this talk about entrepreneurship, there's talk about being your own boss, there's talk about like educational attainment and what nice.
10:51
[SPEAKER_01]: The data shows that that too is very troubling.
10:56
[SPEAKER_01]: I mean, there's a lack of access to pathways to pipeline jobs, lack of access to trade schools,
11:04
[SPEAKER_01]: I know you got some more questions, Brian, aren't you going to say no, maybe you just brought up something.
11:11
[SPEAKER_00]: This is a family, if your savings account is earning less than 1%, you're literally donating money back to the bank.
11:18
[SPEAKER_00]: You see, traditional savings accounts are paying pennies, while high-year savings accounts are paying dollars.
11:25
[SPEAKER_00]: And the gap is costing you real wealth every single year.
11:30
[SPEAKER_00]: I'm going to get real with you here real quick.
11:32
[SPEAKER_00]: On $10,000 a regular bank might pay you $40 a year, but a top high yield savings account that's $400 to $500 a year just for moving your money.
11:42
[SPEAKER_00]: That's hundreds of extra dollars in your pocket.
11:46
[SPEAKER_00]: No extra work, no risk, and your money stay safe, and F.D.I.C.
11:50
[SPEAKER_00]: and Shored.
11:51
[SPEAKER_00]: Nearly one in four Americans have zero emergency savings, and most who do are missing out on free money.
11:59
[SPEAKER_00]: By leaving their cash and lazy accounts, the highest savings account is the fastest, simplest upgrade you can make to hit your emergency fund and short-term goals faster.
12:11
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12:14
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12:22
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12:28
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12:32
[SPEAKER_00]: Go to anthonyonil.com for SaaS savings.
12:35
[SPEAKER_00]: Let your money start working for you today.
12:38
[SPEAKER_01]: All right, let's keep back to the show.
12:40
[SPEAKER_00]: I'm a professor at Virginia University.
12:43
[SPEAKER_00]: You've been in the game a whole lot longer than me.
12:44
[SPEAKER_00]: We ain't gonna hold that again.
12:45
[SPEAKER_00]: She's shout out to the Panthers.
12:46
[SPEAKER_00]: We see her.
12:47
[SPEAKER_01]: Hell's state over here, VSU, but, you know, shout out to President Lucas.
12:52
[SPEAKER_01]: Like, he, like, team is my man.
12:54
[SPEAKER_01]: I got a love for President Lucas.
12:57
[SPEAKER_01]: Everybody over at Nau, you know, we love Joe.
12:59
[SPEAKER_01]: We also aren't aware of Virginia State.
13:02
[SPEAKER_01]: Our rivals, but they're really family, man.
13:05
[SPEAKER_01]: And we could talk trash about each other, but we know that you say none of us about any of the one of them.
13:11
[SPEAKER_01]: And you know, the story, they're in itself of the history of Virginia Union University in Lumpkin's jail, and you know, this sister who was able to use her prowess to be able to get this school to open and the rich history and lineage of the institution.
13:28
[SPEAKER_01]: needs a great deal, you know, and same with Virginia State University, the first public HBCU in the Commonwealth of Virginia, our two institutions are tied at the hip.
13:36
[SPEAKER_01]: So, you know, we have a duty and responsibility to train our young folks up.
13:40
[SPEAKER_00]: And I want to ask you about that, being in your seat this long coming through this study.
13:46
[SPEAKER_00]: Yeah.
13:47
[SPEAKER_00]: Would you say to that parent watching right now, forcing them into a four-year university as a wiseest thing for them?
13:53
[SPEAKER_00]: Yes.
13:54
[SPEAKER_01]: Okay.
13:55
[SPEAKER_01]: I would say that, you know, when I looked at the study, the thing that probably broke my heart, the most, and the thing that I didn't believe was true, but the facts and the data is the data.
14:07
[SPEAKER_01]: Black males only represent nearly 26% of the population and they choose a low ECC across the country.
14:16
[SPEAKER_00]: For PWIs, the number is roughly 28-29%, so that means 70-plus percent are black women.
14:24
[SPEAKER_01]: And if you look at, or schools as a whole are women, like black women, white men, white men, the black men were less than 30 percent of the total share population share at PWIs and
14:43
[SPEAKER_01]: So when I was going to undergrad in South Carolina State University, where I got my undergrad, I got my master's in doctorate at Virginia State, what I went off to school, one of the things that was, you know, a lot of it and me and my friends were joking laugh about, yeah, bro.
14:57
[SPEAKER_01]: Seeing the numbers, man, they say this like, one to 15 ratio, every one brothers, 15 girls.
15:04
[SPEAKER_01]: You thinking that's cool, but there's I've got an older.
15:06
[SPEAKER_01]: That ain't cool, bro.
15:07
[SPEAKER_01]: That's not cool at all.
15:09
[SPEAKER_01]: Like, it's not cool at all and I would dare a challenge anyone who's watching this to go back to the institution in which you were able to go to or accumulate through.
15:20
[SPEAKER_01]: And you go find out what the data is for male to women.
15:23
[SPEAKER_01]: What's the young sister to young male to young men ratio at your institution?
15:29
[SPEAKER_01]: And tell me what it is and then tell me, are you proud of that?
15:32
[SPEAKER_01]: Like again, that number broke my heart.
15:34
[SPEAKER_01]: So when you asked me,
15:36
[SPEAKER_01]: would I encourage a parent to send their children to a four-year institution?
15:41
[SPEAKER_01]: I would emphatically, one because the financial implication in terms of what you will be able to attain over life, the data clearly shows that those with the four-year college education are going to earn at a much higher pace and rate than those who do not.
15:59
[SPEAKER_01]: It also goes to show that, excuse me, for my personal estimation, what you learn about being in a young adult, while being at college, and being away from home, if you can, be away from home, is something that we can't necessarily quantify with a dollar amount.
16:17
[SPEAKER_01]: When you learn about yourself, when you away from mom, dad, or me, my or papa, or auntie, or uncle, or Nana, who never, when you learn about yourself, you can't quantify what the dollar amount.
16:28
[SPEAKER_01]: The relationships that you're going to develop with your peer group, if you do this the right way, is something that you can't quantify with the dollar amount.
16:36
[SPEAKER_01]: So what's an investment for sure?
16:38
[SPEAKER_01]: And this higher education needs to be more affordable, absolutely.
16:42
[SPEAKER_01]: but we also have to take into account that we live in a society and a system in which HBCUs specifically are extremely underfunded for sure.
16:51
[SPEAKER_01]: I mean, when you look at the rain in which HBCUs are funded and comparison to PWI's at a state level, it is, it is as a nine in every shape form of fashion.
17:01
[SPEAKER_01]: When you look at the cost of what we have to pay at HBCUs to be able to keep the doors open,
17:06
[SPEAKER_01]: it is astronomically higher than many of our PWI counterparts.
17:11
[SPEAKER_01]: When you look at the loophold or excuse me, the holes and red tape that we have to run through in comparison to our PWI counterparts, those things all play a role in terms of some of the inefficiencies that people may talk about.
17:23
[SPEAKER_01]: The cost that some people may talk about and then how some folks may value what they're getting back But I would only challenge them to say what you learn about being around your own and what you learn from being around your own Can not be quantified in a dollar amount for the long term success that is going to give you
17:40
[SPEAKER_01]: So it's an investment like anything else, and we have to ask ourselves, are we willing to invest in our young people and specifically as this data points out, are we willing to invest in our young men in a way that allows them to not only go off to school, but stay in school and encourage them to play the long game of getting a job, working taking care of their family, maybe getting a side hustle, and getting to where they need to be to take care of their community ultimately because that's how we build the next generation.
18:08
[SPEAKER_01]: All right, that was a whole lot.
18:09
[SPEAKER_00]: No, no, that was needed.
18:10
[SPEAKER_00]: Bro, this, this, this, we're sitting down with you, the expert.
18:14
[SPEAKER_00]: It bothers me to hear that number, that when I was reading the story and I'm fresh into the HBCU world, I'm like, wait a minute, 22% and bro, I'm literally reading your thing.
18:29
[SPEAKER_00]: I stop, I literally close my eyes and I count all the students in my classroom, all the
18:44
[SPEAKER_00]: And I was like, no, this report is down and I'm like, and they want to be in your class.
18:53
[SPEAKER_01]: Like, don't get it twisted.
18:54
[SPEAKER_01]: Like, you Anthony on it, like, they see you a lot.
18:57
[SPEAKER_01]: The guys are like, yo, yeah, I want to be in this class and it's not enough of them there, no.
19:02
[SPEAKER_01]: I mean, like, at my school, like, I'm, you know, respectfully, I wanted the professors that the young guys, the students as a whole, they want to be in my class.
19:14
[SPEAKER_01]: And my classes are always like some of the, you know, the larger classes.
19:18
[SPEAKER_01]: Yeah, yeah, yeah.
19:18
[SPEAKER_01]: My classes fill up very fast.
19:21
[SPEAKER_01]: I can say, for fact, the last, the last three, four years.
19:25
[SPEAKER_01]: Never have more than 10-year men.
19:27
[SPEAKER_01]: In fact, that my, in my department, this past year, we graduated all sisters.
19:35
[SPEAKER_01]: That class had all sisters.
19:37
[SPEAKER_01]: No, well, not one male I want all sisters.
19:41
[SPEAKER_01]: all sisters.
19:42
[SPEAKER_01]: So again, when we look at how are we retaining, you know, men not just getting them to go off the school, but do how are we keeping them there?
19:49
[SPEAKER_01]: Yeah.
19:50
[SPEAKER_01]: That's something that every institution has to play a role in and how we have to look at how we're doing that.
19:56
[SPEAKER_01]: But again, it's not just HBCUs, because some will read the support and they'll say, well, they ain't going to HBCUs, so they're going to PWIs.
20:02
[SPEAKER_01]: Well, no, that's not true.
20:04
[SPEAKER_01]: They ain't going to college and then going to trade school.
20:06
[SPEAKER_01]: No, that's not necessarily true.
20:07
[SPEAKER_01]: So then where are they going?
20:08
[SPEAKER_00]: Yeah.
20:09
[SPEAKER_00]: Yeah.
20:09
[SPEAKER_01]: And we couldn't find a conclusive evidence in which I felt comfortable with saying, well, this is where all the men are going, but you know, one plus one plus one does.
20:17
[SPEAKER_01]: And some ways equal three.
20:19
[SPEAKER_00]: Yeah.
20:19
[SPEAKER_00]: Yeah.
20:19
[SPEAKER_01]: And if you ain't going to school, right?
20:21
[SPEAKER_01]: You ain't going to get a trade.
20:23
[SPEAKER_01]: And your unemployment rate is literally the highest out of the four major subgroups.
20:29
[SPEAKER_01]: And your ass is more than likely at home for sure.
20:32
[SPEAKER_01]: You at home, you couch surfing.
20:35
[SPEAKER_01]: You at your home is crib.
20:37
[SPEAKER_01]: You don't found the chick and you, you know, don't tell her a couple things and you stay in there for a little bit until she gets out of you and then you got to go somewhere else.
20:45
[SPEAKER_01]: Like if we're going to be authentic about this conversation, you know, that's really what's going on for sure.
20:50
[SPEAKER_01]: So then, how do we find tangible solutions to help our brothers?
20:54
[SPEAKER_01]: And I think we have to be again intentional with how we address this population.
20:59
[SPEAKER_01]: It doesn't mean the sisters don't need help.
21:01
[SPEAKER_01]: But it doesn't mean that our brothers need a special and different kind of help.
21:04
[SPEAKER_01]: And then we don't be real about that.
21:06
[SPEAKER_01]: We're not going to get anywhere.
21:08
[SPEAKER_00]: You know, I don't know.
21:09
[SPEAKER_00]: I don't have this question on my iPad.
21:10
[SPEAKER_00]: I just hit them.
21:11
[SPEAKER_00]: Curse it.
21:12
[SPEAKER_00]: Curse it.
21:12
[SPEAKER_00]: Get your thought.
21:15
[SPEAKER_00]: We're in a different time and we are seeing ladies, we're seeing it, you're, you're, your data showing it.
21:24
[SPEAKER_00]: Ladies again, educated, more educated than a black man.
21:28
[SPEAKER_00]: Based upon the studies, if you, if you get more education, you'll make more money.
21:33
[SPEAKER_00]: Yeah.
21:34
[SPEAKER_01]: Yeah.
21:34
[SPEAKER_00]: So not only are they more educated,
21:37
[SPEAKER_00]: But in this younger generation, we're starting to see black women are starting to outperform black man financially.
21:46
[SPEAKER_01]: And then I'm gonna put it up show because my leg went like that.
21:51
[SPEAKER_01]: Brow don't got to put a system and tell you quick, I don't got to put up with you.
21:56
[SPEAKER_01]: You know what I'm saying?
21:57
[SPEAKER_01]: The podcast broke.
21:58
[SPEAKER_01]: I'm just gonna be a hush.
21:59
[SPEAKER_01]: Hey, I love it.
22:00
[SPEAKER_01]: Hey, be you, brother.
22:01
[SPEAKER_01]: The podcast broke until you, yeah, that ain't a real woman.
22:04
[SPEAKER_01]: You can't num degrees won't keep you warm and night, but I'm here to tell you, bro, the system's don't need what your grandma needed.
22:10
[SPEAKER_00]: Bro, they don't, they not settle in no more.
22:13
[SPEAKER_00]: Listen, man.
22:15
[SPEAKER_00]: And we got to find it, we're going to put it on and I'm going to put the, I'm going to put the screen shot on there.
22:21
[SPEAKER_00]: Someone tapped on me, someone tagged me in his post and said, Anthony, what's your thoughts?
22:25
[SPEAKER_00]: It was two, two type of black ladies.
22:27
[SPEAKER_00]: Okay.
22:27
[SPEAKER_00]: You probably saw it was a video.
22:29
[SPEAKER_00]: Okay.
22:29
[SPEAKER_00]: And is it all right, you got to pick Lady A or Lady B?
22:31
[SPEAKER_00]: I haven't seen this all right.
22:33
[SPEAKER_00]: Bro, Lady A works at Home Depot, zero kids, find his heck.
22:39
[SPEAKER_00]: Yeah.
22:39
[SPEAKER_00]: Just find his heck, right?
22:41
[SPEAKER_00]: But no kids and she's submissive.
22:45
[SPEAKER_00]: Lady B makes $300,000 a year, has two degrees in school for her doctorate, has two kids, but she will only submit to a man.
22:56
[SPEAKER_00]: Yeah.
22:56
[SPEAKER_00]: Pick Lady A or Blake.
22:58
[SPEAKER_00]: A lot of brothers running from B.
23:01
[SPEAKER_00]: Hey, hey, running from B. Bro, and I say a way to run from B.
23:05
[SPEAKER_00]: She already making $300,000.
23:06
[SPEAKER_00]: She already got two degrees.
23:08
[SPEAKER_01]: Let's put this together, I'm with that.
23:11
[SPEAKER_01]: You know what I'm saying?
23:12
[SPEAKER_01]: I'm the estate, the estate, the estate, the estate, the estate, the estate, let's figure this out.
23:16
[SPEAKER_01]: I was called as temp.
23:18
[SPEAKER_01]: Oh yeah, well, yeah.
23:20
[SPEAKER_01]: Helms the end, of course, of course.
23:23
[SPEAKER_01]: Hey, we got to just reach out up there.
23:25
[SPEAKER_00]: Because I want to do something.
23:27
[SPEAKER_00]: But I'm like, lady A, and there's no knock on lady A, but I'm like, for me at my age and this season of my life,
23:36
[SPEAKER_00]: Man, I'm all about partnership.
23:38
[SPEAKER_00]: If you're already building something, if I partner with you, man, you're 300,000 going to be a million by the time we partner.
23:46
[SPEAKER_00]: And when you partner, because you already got education, you're smart and stuff.
23:49
[SPEAKER_00]: You know how to build.
23:50
[SPEAKER_00]: See, go help me, go help me.
23:53
[SPEAKER_01]: Why wouldn't you want that?
23:54
[SPEAKER_00]: This is going to help me.
23:56
[SPEAKER_00]: Help us.
23:57
[SPEAKER_00]: Man, listen, your partner's a great attorney in the world.
24:00
[SPEAKER_00]: Copy it.
24:01
[SPEAKER_00]: Amen.
24:01
[SPEAKER_00]: Yo, yo.
24:03
[SPEAKER_00]: Why do you think man will run and what's the give me the real reason why are men running away from that woman It's secure when we don't have it all together security brother.
24:14
[SPEAKER_01]: We know this man
24:16
[SPEAKER_01]: We don't got to play these games, man.
24:18
[SPEAKER_01]: Brother, there's a far too many brothers.
24:20
[SPEAKER_01]: And I hate making generalizations.
24:21
[SPEAKER_01]: So I'm not going to say our brothers, but there are far too many of us who are insecure with ourselves.
24:27
[SPEAKER_01]: We haven't done the internal work to be able to deal with our own trauma.
24:30
[SPEAKER_01]: We haven't done the internal work to deal with our damage.
24:32
[SPEAKER_01]: The damage that we've done to others, we're carrying a lot of baggage.
24:36
[SPEAKER_01]: So I want to go where it's easy because I'm afraid to deal with you who you may make me look in the mirror and tell me I'm on some...
24:45
[SPEAKER_01]: And you're going to tell me I got to tighten up in the fear of me having to deal with my issues, leaves us to take the path of least resistance.
24:55
[SPEAKER_01]: I think that's something in which we've seen since the beginning of the time, not just with black men, but for many people where they don't want to deal with the path that's more challenging.
25:05
[SPEAKER_01]: So we'll deal with what's easier and even if it's not as satisfying.
25:10
[SPEAKER_01]: And not only leads to us being unhappy, it only leads to us feeling unsatisfied.
25:18
[SPEAKER_01]: It only leads to us maybe not taking our rightful place, maybe in the home or within our community.
25:23
[SPEAKER_01]: And in my personal opinion of disrespect, but at least to us doing something like, let's just sit at home and play 2k all day.
25:31
[SPEAKER_01]: And I can smoke some weed with the homies because that's easy.
25:37
[SPEAKER_01]: I haven't taken the extra step because that extra step means I'm going to have to go get some more education because I don't have enough because I can't make the money that I need because I don't have the credentials that I need to be able to go get the rune to be.
26:01
[SPEAKER_01]: I can talk about 38 specialist JDKs all day and, you know, those kind of conversations are cool, where I can tap on the surface and, you know, play up ignorance.
26:11
[SPEAKER_01]: I could know what makes the style and in Tory lanes is doing or doing and tell you awesome about that.
26:17
[SPEAKER_01]: You know what I'm saying?
26:18
[SPEAKER_01]: I can do that because that's easy, easy.
26:21
[SPEAKER_00]: That's easy.
26:21
[SPEAKER_00]: But it's hard to go to BSU or Virginia State for four years, show up at class every single day, get that education over four years, get your education.
26:29
[SPEAKER_01]: Or even after I, even after I went and did that, doing the next hardest thing to dealing with rejection that I may not get this job that I wanted off the gate.
26:37
[SPEAKER_01]: So I got to go take that entry level job and work it for a little bit and work my way up.
26:42
[SPEAKER_01]: I'd rather listen to these other folks I'm just gonna say that online and let them tell me now, man.
26:49
[SPEAKER_01]: It's their fault and what we need to do now is you go, go beyond renewing and start your own thing but you don't have the credentials or the tools to go start your own thing.
26:59
[SPEAKER_01]: So after six months you quit and you stop doing that and you go back by the wayside.
27:04
[SPEAKER_01]: This is what the data is reflecting, yes.
27:06
[SPEAKER_01]: So we don't have, again, targeted ways to be able to reach that population.
27:12
[SPEAKER_01]: Then their life is just going to be the highlights that come with the microwave-able satisfaction.
27:20
[SPEAKER_01]: And that's brothers, what we got to challenge ourselves to get out of because the data is showing that we're moving backwards if we don't start getting honest about what's going on.
27:30
[SPEAKER_01]: myself included like this goes for all of us brothers.
27:32
[SPEAKER_01]: I don't want nobody in here to think that me Anthony are looking down on y'all and saying that we above y'all we know I mean I got issues that I'm working on currently that and there will be more that I'm going to have to evolve and work on Anthony and Shoka say the same thing but brothers we got to get to it because the data is showing that we are not taking care of business we aren't
27:55
[SPEAKER_01]: Ain't nobody else we talking about us and I'm not here to bad just I love us Which is why we did this report facts.
28:01
[SPEAKER_00]: I'm gonna I'm gonna go deeper here Some people crying on like this, but I gotta go there.
28:07
[SPEAKER_00]: Your report shows that black man earned 77 cents Every dollar a white man on air 77 cents little more in a quarter.
28:16
[SPEAKER_00]: No more in three quarters
28:18
[SPEAKER_00]: And I say this respectfully, and I don't mean to disrespect nobody, but I think black men and black women are the hardest working group of people out there at the world.
28:28
[SPEAKER_00]: I believe we're the most creative.
28:29
[SPEAKER_00]: I believe that we know how to just make things happen.
28:32
[SPEAKER_00]: Do it.
28:33
[SPEAKER_00]: We have.
28:33
[SPEAKER_00]: Yeah.
28:34
[SPEAKER_00]: But they're working full time.
28:36
[SPEAKER_00]: Yeah.
28:36
[SPEAKER_00]: Even full time with part time jobs reports says,
28:40
[SPEAKER_00]: What should black man be doing differently right now when it comes to negotiating pay career paths getting more income up because 77 cents on every dollar till white man that pisses me off.
28:51
[SPEAKER_00]: Yeah, I think that one we have to know this.
28:54
[SPEAKER_01]: Okay Like I think some of us feel as if like yeah, I think he make more money to me for whatever reason.
29:02
[SPEAKER_01]: Yeah, but we don't have the data to be able to back it up
29:06
[SPEAKER_01]: So again, like, when you don't have the information and the facts, it's hard for, let's just say, I was an employer, if I don't, if I, if you can't prove to me what you're saying is true, yeah, I can't just react solely off emotion facts, even if I am bullish and you, right, if you don't have any facts and I'll just keep BSing you.
29:26
[SPEAKER_01]: And you can't you can't prove it.
29:28
[SPEAKER_01]: Yeah.
29:29
[SPEAKER_01]: So we need to know that the data from the national labor statistics, the national labor statistics show that this is true, right?
29:35
[SPEAKER_01]: It's something that we make enough, right?
29:36
[SPEAKER_01]: So once you know and understand that, I then think we have to figure out.
29:41
[SPEAKER_01]: Secondly, what is it that we have to do to put ourselves in position to be able to earn more?
29:46
[SPEAKER_01]: Yes, or specifically like you, what do you have to do to be able to put yourself in position to earn more with where you are?
29:54
[SPEAKER_01]: I think the third thing would be knowing what your number is.
29:59
[SPEAKER_01]: What's the number that you need to be able to take care of your family, to be able to develop your savings?
30:04
[SPEAKER_01]: And then Anthony is being very modest.
30:07
[SPEAKER_01]: He can't have Charlottesville Virginia last week and talk to a group of young men.
30:11
[SPEAKER_01]: We had 50 young boys there for our Black Mill leadership institute.
30:16
[SPEAKER_01]: And he talked to them about strategy.
30:19
[SPEAKER_01]: What is your strategy to be able to obtain success?
30:23
[SPEAKER_01]: And I think as we develop those things again, knowing where you're being treated unfairly, how you need to get to the point in what you can level the playing field is.
30:34
[SPEAKER_01]: And then developing the strategy to be able to address those things are key.
30:39
[SPEAKER_01]: Now there's a fourth part of this that we can't get around, okay?
30:42
[SPEAKER_01]: And the data and the report we show that even young black boys that come from a fluent
30:48
[SPEAKER_01]: families, and high wealth families, they still face the same systemic barriers or those who come from impoverished families.
30:56
[SPEAKER_01]: Okay.
30:57
[SPEAKER_01]: So we can't get around the systemic peace.
31:00
[SPEAKER_01]: But what we can do is equip ourselves with the information that knowledge to be able to eventually either thrive and where you are that may not be fair or figure out how to go and start your own thing.
31:13
[SPEAKER_01]: And there's nothing wrong with that, but understanding that you're playing a game.
31:17
[SPEAKER_01]: Yeah, okay.
31:18
[SPEAKER_01]: So maybe I need to sit in this thing that may not be fair because this is just the game in which we're playing so I can learn how to master that game.
31:26
[SPEAKER_01]: So that can go out and then build my own team.
31:29
[SPEAKER_01]: And as I build my own team, I understand that I'm the GM in the owner now.
31:33
[SPEAKER_01]: So it's going to be hard.
31:33
[SPEAKER_01]: I got a different set of problems that I got to push through.
31:36
[SPEAKER_01]: And that too is okay.
31:38
[SPEAKER_01]: But there's nothing wrong with you being having a non-dephiving a job and being an entrepreneur.
31:43
[SPEAKER_01]: There's nothing wrong with you being like I like to consider myself a social entrepreneur.
31:48
[SPEAKER_01]: My goal and focus is necessarily all making the most capital.
31:52
[SPEAKER_01]: But I do want to have a social impact and I've learned that when God has shown me, when I'm working and walking in my purpose, he provides my needs.
32:00
[SPEAKER_01]: So again, like you gotta know what is going to make you content and what your goals are, what's your strategy for that?
32:07
[SPEAKER_01]: Not all of us aspire to to be a millionaire.
32:09
[SPEAKER_01]: Yeah.
32:10
[SPEAKER_01]: That's not necessarily something that I aspire to do.
32:12
[SPEAKER_01]: But I know that I need money and resources to take care of my family.
32:15
[SPEAKER_01]: That's the fact.
32:16
[SPEAKER_01]: I know all my daughters say, Daddy, can I?
32:18
[SPEAKER_00]: Yeah.
32:18
[SPEAKER_01]: Can we?
32:19
[SPEAKER_00]: Yeah.
32:19
[SPEAKER_01]: I need to be able to say, Yes, we can.
32:21
[SPEAKER_01]: I know the kind of lifestyle that I like to live and that I want to maintain.
32:25
[SPEAKER_01]: So, you know, I know what I have to do in order to be able to do that.
32:28
[SPEAKER_01]: And that's what I'm challenging brothers to do.
32:30
[SPEAKER_01]: We can't allow this report in this data to stop us from doing what we got to do.
32:34
[SPEAKER_00]: I'm curious.
32:36
[SPEAKER_00]: for us to not really close the wealth gap but to at least narrow it down within our particular.
32:41
[SPEAKER_00]: You will never close it.
32:42
[SPEAKER_00]: That's why I was saying.
32:43
[SPEAKER_00]: I don't think we can.
32:43
[SPEAKER_01]: Yeah, yeah, yeah, yeah.
32:44
[SPEAKER_01]: I'm sorry, I call you.
32:45
[SPEAKER_01]: No, I'm not you.
32:46
[SPEAKER_00]: I mean, this is the rehab in the conversation.
32:47
[SPEAKER_00]: Yeah.
32:48
[SPEAKER_00]: But don't wait to close it if, and I say this respectfully, if why people stop making money.
32:52
[SPEAKER_00]: Yeah.
32:53
[SPEAKER_00]: Which ain't going, which is not going to happen, right?
32:56
[SPEAKER_01]: So let's stop even, you know, not you.
32:58
[SPEAKER_01]: I'm just saying.
32:59
[SPEAKER_01]: But like us collectively, let's stop even thinking about like again, like, yeah, we're going cold.
33:04
[SPEAKER_01]: No, you cannot.
33:05
[SPEAKER_01]: Yeah, you can't.
33:06
[SPEAKER_01]: We can't.
33:06
[SPEAKER_01]: Well, we can do us focus on how we earn more.
33:09
[SPEAKER_00]: Exactly.
33:10
[SPEAKER_00]: So speaking of that, what feels would you suggest to like to the 50 black men, if there was back in this room with you and they're saying, hey,
33:22
[SPEAKER_00]: can you give me some suggested fields?
33:25
[SPEAKER_00]: I should look into that will give me the greatest earning potential in 2026.
33:30
[SPEAKER_00]: I can't do that.
33:31
[SPEAKER_01]: But what I can do is to, these are the things that you need to do to develop certain traits and characteristics to be able to put yourself in position to potentially earn more or have a greater impact on your community.
33:45
[SPEAKER_01]: The first thing you need to do is be an avid reader.
33:48
[SPEAKER_01]: Yep, that's a fact.
33:49
[SPEAKER_01]: You need to be an avid reader, that's a fact.
33:51
[SPEAKER_01]: You need to be able to articulate yourself in a particular way, no matter the setting, so that you can present in a certain way and trust me, y'all.
34:03
[SPEAKER_01]: I want to be very clear like, look, I wear my chains.
34:07
[SPEAKER_01]: Okay, always we're about like young man.
34:10
[SPEAKER_01]: I'm him and I do like I Present and show up.
34:13
[SPEAKER_01]: You see these parts of my head.
34:14
[SPEAKER_01]: I got show up as me.
34:16
[SPEAKER_01]: Okay, I won't be clear.
34:17
[SPEAKER_01]: This ain't the step of fetching this ain't no like respect the ability politics man over here None of that but I don't get it twisted in terms of I need to be able to articulate myself in a way not cold switch
34:32
[SPEAKER_01]: But I need to be able to articulate myself in a way that's not going to present a barrier.
34:36
[SPEAKER_01]: And you can develop that characteristic by reading.
34:40
[SPEAKER_01]: Come on.
34:40
[SPEAKER_01]: That's my personal opinion.
34:42
[SPEAKER_01]: Come on.
34:42
[SPEAKER_01]: First thing you need to be is an avid reader.
34:44
[SPEAKER_01]: So you have the knowledge.
34:46
[SPEAKER_01]: Secondly, we have to consume things that are going to help us grow.
34:52
[SPEAKER_01]: Not make us go backwards.
34:54
[SPEAKER_01]: So in the morning, like y'all can look at my Instagram.
34:57
[SPEAKER_01]: Y'all see jeezy That's my favorite artists of all time because he's not a rapper.
35:02
[SPEAKER_01]: He might make sure he's not a rapper He's entrepreneurs are artists.
35:06
[SPEAKER_01]: He's a philanthropist.
35:07
[SPEAKER_01]: That's my guy like he's also become like a really good friend like a brother to me When I first wake up in the morning, I can't just listen to Trappa die.
35:16
[SPEAKER_01]: That's a fat Like that can't be the first thing.
35:18
[SPEAKER_01]: I'd turn on all right
35:20
[SPEAKER_01]: I got to consume things that are going to elevate my mind first.
35:24
[SPEAKER_01]: So that may mean that I need to spend my first 10 minutes praying.
35:29
[SPEAKER_01]: Um, thanking God for what he's giving me.
35:31
[SPEAKER_01]: Yeah.
35:32
[SPEAKER_01]: And my first, like, when I wake up, I like to listen to MPR.
35:35
[SPEAKER_00]: Mmm.
35:36
[SPEAKER_01]: That's what I like to do, National Public Radio.
35:38
[SPEAKER_01]: They got to app.
35:39
[SPEAKER_01]: They give you all the news that that's transpired across the world.
35:42
[SPEAKER_01]: And, you know, in the first four-minute clip, then they got a thing that comes after that.
35:46
[SPEAKER_01]: Like, they're basically their first 10 minutes is giving you news and then digestible manner.
35:50
[SPEAKER_01]: Yeah.
35:51
[SPEAKER_01]: All right.
35:51
[SPEAKER_01]: That's what I like to do.
35:53
[SPEAKER_01]: That also leads to the characteristic trait of discipline.
35:56
[SPEAKER_01]: So brother, what do you put in your body and what you put in now?
36:00
[SPEAKER_01]: Are you walking?
36:01
[SPEAKER_01]: Are you jogging?
36:02
[SPEAKER_01]: What's your workout routine?
36:05
[SPEAKER_01]: Are you just waking up and having cushion OJ?
36:09
[SPEAKER_01]: What what you doing first?
36:11
[SPEAKER_01]: These characteristics are going to lead to either your destruction or your success.
36:17
[SPEAKER_01]: You're doing clush-ups in the morning, drinking in the morning, are you doing push-ups in the morning and praying?
36:24
[SPEAKER_01]: And you know, I think to some folks that may seem like one of the other is corny, but brothers, we got to think about how we sustain in ourselves.
36:32
[SPEAKER_01]: bro, black men, we die before black sisters, which is exactly why we need to be not putting in the dumb shit in our bodies, you know what, especially first and foremost.
36:42
[SPEAKER_01]: Now again, brothers, I'm not here to judge.
36:44
[SPEAKER_01]: I don't drink or smoke, but I don't judge.
36:47
[SPEAKER_01]: I don't judge.
36:48
[SPEAKER_01]: Like, oh, my friends will tell you, and I got a lot of friends who are former alcoholics.
36:54
[SPEAKER_01]: A lot of friends who do a lot of different things.
36:56
[SPEAKER_01]: Yeah, I'm not here to judge him.
36:57
[SPEAKER_01]: I tell him on the time, Brian, here to judge you.
36:59
[SPEAKER_01]: I'm here to make sure you get home safe.
37:01
[SPEAKER_01]: That's it.
37:02
[SPEAKER_01]: I'm here to make sure that we can live a longer life.
37:04
[SPEAKER_01]: That's it.
37:05
[SPEAKER_01]: And for me, right, like we got to think about what are our characteristics that get us to the point that we, which we can pick a field that allows us to go and earn.
37:15
[SPEAKER_01]: And another reason why I like I answered your question in terms of, I can't tell you what field it is because I don't know what your passion is.
37:22
[SPEAKER_01]: The last thing I will want you to do is go into a field in which doesn't suit you or make you happy, because then you're going to be a further number of the statistics, because you're going to quit your job.
37:33
[SPEAKER_01]: You need to find out what you like doing so much that you would do it for free.
37:38
[SPEAKER_01]: I love helping my people and this become profitable.
37:42
[SPEAKER_01]: Like, I don't profit off my people.
37:45
[SPEAKER_01]: I've learned how to be in the business of helping my people and God has blessed me for doing so.
37:52
[SPEAKER_01]: So I'm saying, following your purpose, but I know that for real, when I'm focusing on chicks, when I'm focusing on some dumb shit, when I'm not where I need to be, my purpose, I'm not walking in my purpose, and things don't align and go the way in which they should be.
38:09
[SPEAKER_01]: Like, I can hold myself accountable and say that.
38:12
[SPEAKER_01]: When my focus is on some dumb shit, I'm not yielding the results in return that I need to get.
38:19
[SPEAKER_01]: But when I'm doing what God tells me to do, I get what I'm supposed to have.
38:24
[SPEAKER_00]: That's a fact.
38:25
[SPEAKER_00]: You know, so funny as man, I am.
38:30
[SPEAKER_00]: The last six months to a year, my company is changing.
38:37
[SPEAKER_00]: And a good way for sure.
38:38
[SPEAKER_01]: Be I coming as good and you're going to see his company,
38:43
[SPEAKER_01]: I'm not telling you, when I got, when I got here, this company, I had to make sure he was going in a good way.
38:51
[SPEAKER_01]: This company has changed it.
38:53
[SPEAKER_01]: Much respect.
38:54
[SPEAKER_01]: Go ahead, brother, mother.
38:55
[SPEAKER_01]: No, I love it.
38:56
[SPEAKER_01]: Yeah, yeah.
38:57
[SPEAKER_01]: But it was like,
38:58
[SPEAKER_00]: When I went back to school to finish my, my bachelors and my masters, I went to be genuine.
39:06
[SPEAKER_00]: I finished my school at my passion changed a little bit before I wanted to make the millions now it's.
39:17
[SPEAKER_00]: I want financial freedom, so I can pursue my true passion, which is to help black people, specifically the younger generation, experience financial freedom quicker than what I did.
39:31
[SPEAKER_00]: And that's...
39:33
[SPEAKER_00]: Now, my company's like, all right, we're not going to chase the millions, because I went back to school, and then when I got my MBA, I was like, wait, I need to go get my MBA.
39:44
[SPEAKER_00]: So that way, I can graduate and be doctor Anthony, not for the title, but to have the credentials in the financial literacy space.
39:52
[SPEAKER_00]: And I was like, okay.
39:55
[SPEAKER_00]: And I'm sitting at home one morning.
39:57
[SPEAKER_00]: So fun, I wake up five o'clock every single morning.
39:59
[SPEAKER_00]: I do two things.
40:00
[SPEAKER_00]: I read my word and then I read the world that I'm in.
40:04
[SPEAKER_00]: So I read the word, the Bible for 10 minutes, and then I will turn on NPR, but I will go to their financial side of things.
40:10
[SPEAKER_00]: Okay, I understand what happened in the market yesterday.
40:13
[SPEAKER_00]: What's been talked about, I read the world that I'm consuming that I'm teaching in.
40:18
[SPEAKER_00]: And one day guy hit me.
40:20
[SPEAKER_00]: You're gonna be a dean of an HBCU, and eventually be a president of an HBCU.
40:24
[SPEAKER_00]: I was like, what?
40:26
[UNKNOWN]: Yeah.
40:26
[SPEAKER_00]: But that ain't gonna make no money.
40:29
[SPEAKER_01]: Ha ha ha.
40:31
[SPEAKER_00]: Like, I'm not gonna make millions over there, God, yeah.
40:34
[SPEAKER_00]: But you're gonna be financially free to where you can do that.
40:37
[SPEAKER_00]: There you go.
40:38
[SPEAKER_00]: And I was like, okay.
40:42
[SPEAKER_00]: And so I'm starting to make the ships within my company now, downsizing a little bit.
40:47
[SPEAKER_00]: We just did this in July, downsize a little bit.
40:50
[SPEAKER_00]: Still can be doing the show because it's a much needed message.
40:53
[SPEAKER_00]: But it's like, wait, I can so agree with you.
40:57
[SPEAKER_00]: Well, because my purpose now being back in this education space is like, wait.
41:03
[SPEAKER_00]: I need to help in one of the quickest way I can help our people is in the HPC world.
41:07
[SPEAKER_00]: There you go.
41:08
[SPEAKER_00]: And it's much worse for it.
41:09
[SPEAKER_00]: I gotta get it.
41:10
[SPEAKER_00]: So I appreciate you for saying, hey, here are the attributes that you need to fine-tune and gather, then the second part is, what are you passionate about?
41:20
[SPEAKER_00]: Yeah.
41:21
[SPEAKER_00]: And then when my philosophy is, if you have those attributes, like you just said, you know what you're passionate about, those two things together will then produce financial freedom.
41:30
[SPEAKER_00]: And financial freedom for you, for me, for someone else,
41:32
[SPEAKER_00]: different.
41:33
[SPEAKER_01]: Yeah, and that's okay.
41:35
[SPEAKER_01]: We don't have to compare ourselves to each other.
41:37
[SPEAKER_01]: We don't.
41:38
[SPEAKER_01]: Like, I probably go have the money Anthony got.
41:41
[SPEAKER_01]: And I'm okay with that.
41:43
[SPEAKER_00]: But you have more influence and impact, though, than it may in the African Americans.
41:47
[SPEAKER_01]: I mean, maybe probably not, if you go viral every other week, but you know, we don't pop off in the community coming together, but I forget to call.
41:55
[SPEAKER_01]: But look, but look, in our series is right, we, we recognize that
42:00
[SPEAKER_01]: specifically for black men and in this report, it's not necessarily, but we're having this conversation like brothers, you don't have to compete with your brother.
42:11
[SPEAKER_01]: And what your brother got is for him.
42:14
[SPEAKER_01]: What you got is for you.
42:17
[SPEAKER_01]: It is not for me to count this man's pockets or any other man's pockets for that matter.
42:22
[SPEAKER_01]: Because honestly, this data is shown, we all need some more in our pockets.
42:25
[SPEAKER_00]: Bro.
42:26
[SPEAKER_00]: It, you know, there's a question I'm going to do because I'm like, this is crazy.
42:30
[SPEAKER_00]: Oh, my goodness, it sits at home ownership, sits at 43% for black household.
42:35
[SPEAKER_00]: Black households, 73% for white house.
42:39
[SPEAKER_00]: Say it again.
42:40
[SPEAKER_01]: Say it again.
42:41
[SPEAKER_00]: I'm like 73%.
42:45
[SPEAKER_00]: I got to ask you this question.
42:46
[SPEAKER_01]: Little more than seven out of every 10 white folk on the own.
42:49
[SPEAKER_00]: On the home for our business.
42:50
[SPEAKER_00]: Boy, it's in a bus, dude.
42:53
[SPEAKER_00]: And this is what bothers me.
42:54
[SPEAKER_00]: You go online.
42:55
[SPEAKER_00]: I'm starting to see this whole group of people and in the black space saying home ownership is not.
43:03
[SPEAKER_00]: It's not it.
43:04
[SPEAKER_00]: It's a scam.
43:05
[SPEAKER_00]: You're not really building no well.
43:07
[SPEAKER_00]: You never will own your home.
43:09
[SPEAKER_00]: Why do you think it is important for African Americans black people to become home owners at the right time?
43:15
[SPEAKER_01]: I mean, we noticed as I asked it, and the data will show the quickest way, social media was saying no.
43:22
[SPEAKER_01]: And that's what we got to make sure we teach our young ins, man, everything you see on social media isn't true.
43:27
[SPEAKER_01]: It's so crazy that I have this conversation with my six-year-old Stokely.
43:33
[SPEAKER_01]: She's named her Stokely Carmichael.
43:35
[SPEAKER_01]: And, you know, she's at that age where she's kind of hey daddy, can I see your phone?
43:39
[SPEAKER_01]: And we try to monitor what she watches and what she does at access to, but she's like, yeah, uh, I saw this online, it must be true.
43:46
[SPEAKER_01]: And I might know, baby, this isn't true.
43:49
[SPEAKER_01]: Yeah.
43:50
[SPEAKER_01]: And I pulled up a clip of me, someone had a clip of me that wasn't true, and it was doctored.
43:56
[SPEAKER_01]: And I said, baby, you with your daddy every day.
43:58
[SPEAKER_01]: Does that, does that look like your daddy?
44:00
[SPEAKER_00]: Wow.
44:01
[SPEAKER_01]: No, so that goes to show baby like what you're seeing online and true.
44:05
[SPEAKER_01]: So to your point home ownership is, and you can probably speak to this better than I can, one of the quickest ways and one of the most efficient ways to develop wealth for sure.
44:18
[SPEAKER_01]: We have to own our homes.
44:21
[SPEAKER_01]: There's a reason why those folks are coming and trying to get you to sell grandma house.
44:26
[SPEAKER_01]: That's a fact.
44:28
[SPEAKER_01]: There's a reason why these companies and these entities are going around the country from its far back, I'm gonna say something real quick in the, I don't, I'm gonna come y'all for you and need to shut me up.
44:38
[SPEAKER_01]: Yeah, my favorite three movies of all time are Malcolm X of four movies, the pursuit of happiness.
44:46
[SPEAKER_01]: We'll story about Chris Gardner, Will Smith, yeah, because I learned about perseverance in that.
44:51
[SPEAKER_01]: Yeah, a new Jack city because yeah, I absolutely love, you know, Brown, proud of him,
44:57
[SPEAKER_01]: And, you know, the scene about him giving away the turkeys is something that I always had to myself as a little boy.
45:04
[SPEAKER_01]: Like, I wanted to do that.
45:04
[SPEAKER_01]: This is my 14th year doing my annual turkey giveaway.
45:07
[SPEAKER_00]: Wow.
45:08
[SPEAKER_01]: Um, and then I absolutely adore boys in the hood.
45:14
[SPEAKER_01]: Yeah.
45:15
[SPEAKER_01]: Because I thought that furious styles was the definition of a man.
45:21
[SPEAKER_01]: And in all of my classes, my students, some of my students will see this and then they going to say, yeah, he always shows us every semester we watch the clip of Furious Styles talking to Ricky and Tray about the home ownership and he takes them to the billboard and he shows them the sign about 1-800.
45:43
[SPEAKER_01]: We will buy your home by the sole brothers, SEO, UL and then the people in the community coming around and listening to fear you talk about what, about how.
45:53
[SPEAKER_01]: These individuals are coming into our community and they're trying to offer you cash for your house so they can move you out.
45:59
[SPEAKER_01]: It's the same reason there's a liquor store in every community.
46:01
[SPEAKER_01]: It's the same reason why you know there's shaguns and check cash and
46:05
[SPEAKER_01]: and our neighborhoods and having the conversation with our brothers about opening our eyes.
46:12
[SPEAKER_01]: And when the brothers respond and say, man, well, what are those to do?
46:15
[SPEAKER_01]: A young fool come to me and teach how to smoke me.
46:18
[SPEAKER_01]: I got to smoke him first.
46:19
[SPEAKER_00]: Yeah.
46:20
[SPEAKER_01]: And fear you says, brother, look around all of this.
46:24
[SPEAKER_01]: The quickest way to stop a population is for us to assassinate each other.
46:31
[SPEAKER_01]: The second quick is way for us to devide ourselves as to give away our financial pathways to freedom.
46:38
[SPEAKER_01]: In that home, that house is one of your assets.
46:42
[SPEAKER_01]: It's not the sole asset, but that's one of your assets to get to financial freedom.
46:47
[SPEAKER_00]: Yeah.
46:48
[SPEAKER_01]: I mean, so, you know, the podcast pros may tell you the house ain't important, but again, it's a reason why, when I was elected, we had to try and create, not try.
46:58
[SPEAKER_01]: We had to pass legislation to offer tax relief, to individuals who may below a certain income level, so they could keep their homes, and they didn't fall prey to predators, who will come and say, yeah, we know you owe this money in back taxes.
47:16
[SPEAKER_01]: Let us buy the house for pennies on my dollar for you so that you don't get in trouble with the IRS.
47:21
[SPEAKER_01]: And now you can make a couple of dollars and we're going to take this money and do some minimal renovations and increase the property value by 2,300,000 dollars and they're going to take the income out of it and they're going to put it back on the market and then someone else is going to come and gentrify the neighborhood and all you made was 15,200,000 dollars off the house.
47:39
[SPEAKER_01]: Why they made 300,000 and they gone and you lost the asset and now you back living in the apartment.
47:48
[SPEAKER_00]: Come on man like this, it's the truth.
47:52
[SPEAKER_00]: I'm just gonna close my up here.
47:53
[SPEAKER_00]: We done.
47:54
[SPEAKER_00]: I'm so serious and that's how I wanna end this today's episode because the data shows and it pisses me off when I see this online, but then the data shows.
48:08
[SPEAKER_00]: Well, wait a minute, you're saying it's a scam for black people, but white people are not saying it's a scam.
48:14
[SPEAKER_01]: for 73% of them own in their home is not a scam for them.
48:18
[SPEAKER_01]: Right, but then you want to tell black people to not own their home because you don't really get to all in it.
48:24
[SPEAKER_00]: I'm like, man, y'all got to shut the hell up.
48:25
[SPEAKER_00]: Right.
48:26
[SPEAKER_00]: I just bought my house.
48:28
[SPEAKER_00]: I just bought another home, my new home, and I have several real estate properties.
48:33
[SPEAKER_00]: And I think this last situation was different.
48:37
[SPEAKER_00]: It was a beautiful, older black woman, okay?
48:41
[SPEAKER_00]: Lives in one of the most premier communities in the DMV area, okay?
48:45
[SPEAKER_00]: Won't say it because we got some notes of people.
48:47
[SPEAKER_01]: Yeah, who's just going to come and try about it?
48:48
[SPEAKER_01]: Yeah, they were, yeah.
48:50
[SPEAKER_01]: And some stalkers.
48:50
[SPEAKER_00]: They're going to be trying to shoot.
48:52
[SPEAKER_00]: Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
48:55
[SPEAKER_00]: And so, I made it offer, it was an millions, right?
49:00
[SPEAKER_00]: And I went to closing, and normally you don't have the buyer and seller at the same time.
49:05
[SPEAKER_01]: Yeah, yeah, they only usually come here, right?
49:06
[SPEAKER_01]: Yeah, they just checked, let me get the check and get the check and get the check and bounce.
49:10
[SPEAKER_00]: But the seller wanted to meet me.
49:12
[SPEAKER_00]: Well, I agreed to it.
49:14
[SPEAKER_00]: And she came towards the enemy closing and bro.
49:19
[SPEAKER_00]: I cut a check from millions.
49:21
[SPEAKER_00]: Mm-hmm.
49:22
[SPEAKER_00]: Not didn't pay cash, but you know, I find it.
49:23
[SPEAKER_00]: Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
49:25
[SPEAKER_00]: And her husband, unfortunately, passed away a few years ago.
49:30
[SPEAKER_00]: Come on, let's go.
49:31
[SPEAKER_00]: Right.
49:32
[SPEAKER_00]: Left her beautiful insurance policy, saving, good.
49:39
[SPEAKER_00]: The house is paid for.
49:41
[SPEAKER_00]: They built this house 20 years ago.
49:44
[SPEAKER_00]: House pay for.
49:45
[SPEAKER_00]: House paid for.
49:47
[SPEAKER_00]: She got a check for millions.
49:51
[SPEAKER_00]: and we're going to tell our people that this is a scam.
49:54
[SPEAKER_00]: That this is a scam.
49:55
[SPEAKER_01]: Yeah, you imagine what she's going to be able to do for her children, her grandchildren?
49:58
[SPEAKER_00]: Bro, this is not community.
50:01
[SPEAKER_00]: Listened what she did.
50:02
[SPEAKER_00]: She took the check that I gave her paid off her condo.
50:07
[SPEAKER_00]: Oh, sure.
50:07
[SPEAKER_00]: Yes.
50:08
[SPEAKER_00]: That's it.
50:09
[SPEAKER_00]: You gave it off the condo.
50:10
[SPEAKER_00]: Yes, she's living here.
50:11
[SPEAKER_00]: She downsize.
50:12
[SPEAKER_01]: Oh.
50:13
[SPEAKER_00]: Kay is a grown, unfortunately, her husband passed.
50:16
[SPEAKER_00]: So now she's living off of the legacy that her husband, yeah, positioned her for, yeah.
50:21
[SPEAKER_00]: And she got this money and then she took the rest of the money.
50:26
[SPEAKER_00]: and Vesity and she lives off of the compound interest that her money is made.
50:30
[SPEAKER_00]: Ooh.
50:31
[SPEAKER_00]: So she took the money from the house, paid off her condo, like a half a million, took the rest of that, put all the other money her husband left, they were put it back into investments.
50:42
[SPEAKER_00]: Now her money is generated in between eight and 10%.
50:46
[SPEAKER_00]: Percent I wanna say,
50:48
[SPEAKER_00]: So she's making multiple six figures off of her millionths invested, and she ain't got no mortgage payment.
50:55
[SPEAKER_00]: She doesn't have any car, no car payments.
50:58
[SPEAKER_00]: She paid off everything, and she's in her young 70s.
51:03
[SPEAKER_00]: I want to say, that's the game.
51:05
[SPEAKER_00]: Making 10, 15,000 dollars a month, and she ain't got to do nothing.
51:09
[SPEAKER_00]: So when I hear this man, I'm like, man, and when I see this study, I'm like, we have a lot of work to do.
51:17
[SPEAKER_00]: and I want to thank you for doing that study because it just gave me more fuel to keep doing what we're doing here.
51:27
[SPEAKER_00]: Sometimes we get discouraged.
51:29
[SPEAKER_00]: Man, are we teaching the right thing?
51:31
[SPEAKER_00]: Yeah.
51:31
[SPEAKER_00]: But every time studies come out and stats come out and facts come out, I'm like, we are doing the right thing.
51:37
[SPEAKER_00]: Yeah.
51:37
[SPEAKER_00]: So, y'all, we're gonna list this report inside of the show notes.
51:43
[SPEAKER_00]: I want y'all and we're gonna list out the Bellamy's information inside of show notes, too.
51:47
[SPEAKER_00]: And I want to encourage y'all to download it, to read it, to consume it, to have a conversation with your sons and with your grandsons and with other young men in your community and show them, hey, this is where you all are, but this is what you can do to not be a part of this
52:05
[SPEAKER_00]: Because when I think of this study, when I think of the woman's study, they say by 254, we're going to have zero to negative network.
52:15
[SPEAKER_00]: And I don't want that to happen.
52:16
[SPEAKER_00]: Yeah.
52:17
[SPEAKER_00]: And so, I've seen your work, brother.
52:19
[SPEAKER_00]: I got to.
52:20
[SPEAKER_00]: I got to.
52:20
[SPEAKER_00]: And you need to continue yours, man.
52:22
[SPEAKER_00]: But y'all, that's the end of the show, y'all.
52:25
[SPEAKER_00]: Man, I'm sorry, we went way over time, but you happen a good old conversation like this.
52:30
[SPEAKER_00]: You got to have a combo and we'll bring them back in, man.
52:32
[SPEAKER_00]: Sometime later this year, y'all that endived more and you all have any questions.
52:36
[SPEAKER_00]: Email us, Anthony at Anthonyonil.com.
52:39
[SPEAKER_00]: If you want us to bring them back and ask them some more specific questions, we can.
52:43
[SPEAKER_00]: If you're in a rich man area, man, hit him up.
52:45
[SPEAKER_00]: He's doing so much in that area for that community.
52:49
[SPEAKER_00]: He's doing some great things, y'all.
52:50
[SPEAKER_00]: So we'll see you in the next show.
52:51
[SPEAKER_00]: Peace out.
52:52
[SPEAKER_00]: We started the conversation with the number, $2,200.
52:56
[SPEAKER_00]: And I want to leave you with a different number.
53:01
[SPEAKER_00]: And that's the number one.
53:03
[SPEAKER_00]: One decision, one account opened this week.
53:06
[SPEAKER_00]: One conversation with their son about his plan after high school.
53:10
[SPEAKER_00]: One dollar moved into Ohio, Stamies account two day, not tomorrow today.
53:16
[SPEAKER_00]: because here's the truth.
53:18
[SPEAKER_00]: Nobody's coming to save us.
53:20
[SPEAKER_00]: No one's coming to save you and your family, but that was never the point.
53:24
[SPEAKER_00]: The point is that plan starts at your table today.
53:29
[SPEAKER_00]: Your table today.
53:32
[SPEAKER_00]: This week, I needed to open up a high-yield savings account even if it's just $25.
53:37
[SPEAKER_00]: Go to anthonyo.com for slash savings to get a list of the best accounts there.
53:42
[SPEAKER_00]: Because that's the first brick and a foundation that took me from $6,32 to my account to truly having an experiencing financial freedom.
53:52
[SPEAKER_00]: I don't want to be the only person in our community to experience that.
53:55
[SPEAKER_00]: I want that for all of us.
53:57
[SPEAKER_00]: So if you are a parent, sit down this week and have one conversation with your son or your daughter about their plan, what's their plan for college and tray schools, apprenticeships, whatever it is, just make sure that they have a plan.
54:14
[SPEAKER_00]: If you are a wife and if you are a husband, sit down and have one conversation with your spouse because at the end of the day, this data is real.
54:25
[SPEAKER_00]: but so is the way out.
54:27
[SPEAKER_00]: Go to www.anternonio.com for slash savings or www.anternonio.com for slash invest and open up the right savings and invest in account today.
54:36
[SPEAKER_00]: Because after sitting down with Dr. West Bellamy, we have a lot of work to do family.
54:41
[SPEAKER_00]: Sure this episode, hit that thumbs up and I'll see you on the next one.
54:44
[SPEAKER_00]: Peace out.