Latest / Earn Your Leisure / Why the Wealth Gap Is About to Explode — The Truth Behind the New Trump Accounts

Transcript

Why the Wealth Gap Is About to Explode — The Truth Behind the New Trump Accounts · Earn Your Leisure

• 0:00
  Speaker 1: Let's talk about this Trump situation. So first thing I
• 0:02
  Speaker 1: want to talk about is the Trump accounts. So Trump
• 0:06
  Speaker 1: accounts have launched if you're not familiar, So the Trump
• 0:10
  Speaker 1: accounts is one thousand dollars. They will be invested into
• 0:13
  Speaker 1: eligible newborns and if you signed up you have a child,
• 0:16
  Speaker 1: one thousand dollars gets invested into an account, gets invested
• 0:18
  Speaker 1: in the US Index Fund, grows over the course of.
• 0:23
  Speaker 2: I think until the child takes it out, until you.
• 0:25
  Speaker 3: Tell you yeah, if they I'm just saying they can
• 0:28
  Speaker 3: take it out anytime before eighteen.
• 0:30
  Speaker 2: But it's penalized obviously, like yeah, you.
• 0:32
  Speaker 1: Could leave it in longer than age Absolutely you should,
• 0:37
  Speaker 1: and it's actually retroactive as well. Twenty twenty five to
• 0:40
  Speaker 1: twenty twenty eight is the qualifying years it is invested
• 0:44
  Speaker 1: in the US Index Fund, and you can add money
• 0:46
  Speaker 1: to it to it this well five thousand dollars limit
• 0:48
  Speaker 1: as far as how much money you can add and
• 0:52
  Speaker 1: access begins at age eighteen. So this made a lot
• 0:56
  Speaker 1: of news, and we had a conversation in Atlanta of
• 1:00
  Speaker 1: out I would be interested to know how many people
• 1:04
  Speaker 1: have actually taken advantage of this, because we talked to
• 1:07
  Speaker 1: somebody who was actually a mother. She had vaguely heard
• 1:10
  Speaker 1: of it, but she's like, I feel like there's a
• 1:14
  Speaker 1: lot of people that are not familiar with this or
• 1:20
  Speaker 1: are not totally enthusiastic because it's Trump's name behind it,
• 1:24
  Speaker 1: so they're not even going to follow the process, or
• 1:27
  Speaker 1: it's just a barrier of you got to actually go
• 1:30
  Speaker 1: online and you got to sign up, and it's like
• 1:33
  Speaker 1: that's a hurdle within itself. So the people that need
• 1:38
  Speaker 1: it the most, that can benefit from this the most,
• 1:42
  Speaker 1: I have a strong suspicion they might be signing up
• 1:47
  Speaker 1: the least.
• 1:49
  Speaker 4: Yeah, do you think they have a brand and the
• 1:50
  Speaker 4: messaging problem?
• 1:51
  Speaker 2: Though?
• 1:51
  Speaker 5: I want to ask you guys this, like, do you
• 1:54
  Speaker 5: think a lot of our community won't sign up just
• 1:56
  Speaker 5: because he blasted his name on it? Like if it
• 1:59
  Speaker 5: was it's called a financial Freedom Fund for children or
• 2:03
  Speaker 5: something like that, do you think it would have had
• 2:05
  Speaker 5: I think.
• 2:06
  Speaker 3: That's kind of how the conversation was kind of came about.
• 2:09
  Speaker 3: It was the idea of number one, who's going to
• 2:12
  Speaker 3: sign up for it? But I think the missing piece
• 2:14
  Speaker 3: is the education. I think most people don't even understand
• 2:16
  Speaker 3: what it is or what it's for. Had it been
• 2:18
  Speaker 3: named something else, I think there's a certain segment of
• 2:21
  Speaker 3: the population that would have said, Okay, we need to
• 2:23
  Speaker 3: do this. Obviously, there's an emotional attachment to a certain
• 2:27
  Speaker 3: demographic of the population when you hear the name, and
• 2:29
  Speaker 3: so the question is can you separate something that might
• 2:32
  Speaker 3: be good from the person that is actually putting their
• 2:35
  Speaker 3: name on it.
• 2:35
  Speaker 2: That's tough for a lot of people.
• 2:37
  Speaker 4: There's a barrier there.
• 2:38
  Speaker 3: There's also the barrier of trying to figure out how
• 2:41
  Speaker 3: do I get it?
• 2:41
  Speaker 2: Now?
• 2:41
  Speaker 3: The kids who are born January first of twenty twenty
• 2:45
  Speaker 3: seven automatically are enrolled. The children that are born between
• 2:49
  Speaker 3: that works, But the children that are born between and
• 2:51
  Speaker 3: again you said everybody can sign up for it.
• 2:53
  Speaker 2: The people that are born.
• 2:54
  Speaker 3: Between twenty twenty five to twenty twenty eight get the
• 2:56
  Speaker 3: one thousand dollar government funding the process of signing up
• 3:00
  Speaker 3: for it and shout out to PJKA.
• 3:01
  Speaker 2: He called me.
• 3:01
  Speaker 3: He was like, I'm signing my daughter up for it.
• 3:03
  Speaker 3: But yo, this form is crazy. So the form like,
• 3:08
  Speaker 3: if you're a CPA, this is new.
• 3:10
  Speaker 2: This is new.
• 3:11
  Speaker 4: So this is new.
• 3:11
  Speaker 3: So the forums got released today so you can see
• 3:13
  Speaker 3: how to sign up for it. It's called the forty
• 3:15
  Speaker 3: five forty seventh form pro marketing. Again, he's forty five
• 3:21
  Speaker 3: and he's forty seven, and if this is his form
• 3:23
  Speaker 3: and need are the accounts? But again, how many people
• 3:26
  Speaker 3: are going to actually go to the website, sign up
• 3:29
  Speaker 3: for it and say, okay, now what do I do?
• 3:33
  Speaker 3: So I think where I landed on it was the
• 3:36
  Speaker 3: education pieces.
• 3:37
  Speaker 2: What's needed?
• 3:37
  Speaker 3: Can we educate enough people for them to understand that
• 3:41
  Speaker 3: this is an account that could be beneficial for your child?
• 3:44
  Speaker 2: Yes, there are sixty million people eligible.
• 3:48
  Speaker 3: I think they said six point one million people have
• 3:51
  Speaker 3: signed up already. Out of the six million that are
• 3:54
  Speaker 3: signed up, only one point four million were eligible for
• 3:57
  Speaker 3: that one thousand. So that means that those kids were
• 4:00
  Speaker 3: born between that twenty and twenty five Jan one two.
• 4:04
  Speaker 3: It goes into present day, which is interesting, but there
• 4:07
  Speaker 3: are barriers right there. You have to make a certain
• 4:09
  Speaker 3: amount or under a certain amount to even qualify for it.
• 4:12
  Speaker 3: So I think most of the people out of that
• 4:13
  Speaker 3: one point five that are signed up had made under
• 4:15
  Speaker 3: two hundred thousand. Now we know a lot of people
• 4:17
  Speaker 3: in our community make less than that. So it's about
• 4:20
  Speaker 3: getting the information. Now, is that our job? I think
• 4:23
  Speaker 3: that's where we kind of we're figuring out where our
• 4:26
  Speaker 3: debate was going, like is it our job?
• 4:27
  Speaker 2: Is it mandatory that we explain it to people?
• 4:30
  Speaker 3: And I said, I mean I landed on if education
• 4:33
  Speaker 3: is what we do, then yeah, part of it is
• 4:35
  Speaker 3: to educate the people on what this is and how
• 4:37
  Speaker 3: it could be beneficial.
• 4:39
  Speaker 5: But also is the barrier to entry and the lack
• 4:41
  Speaker 5: of education intentional? Kudos to Brad Gersner because this was
• 4:45
  Speaker 5: his idea in this baby from Ultimate Capital. But then
• 4:50
  Speaker 5: with all the resources that you have, like you said,
• 4:53
  Speaker 5: there's very little education on it, the barrier of entry
• 4:56
  Speaker 5: is difficult. There's also a thought of why only a
• 4:59
  Speaker 5: thousand why kids of a certain age were not automatically included.
• 5:04
  Speaker 5: My thing if you're if you're creating a platform for
• 5:07
  Speaker 5: financial freedom for the kids, which is a brilliant idea,
• 5:12
  Speaker 5: are some of these roadblocks done intentionally and by design?
• 5:18
  Speaker 1: I think anything with government is going to have a
• 5:19
  Speaker 1: tremendous amount of roadblocks, even the people that's automatically enrolled.
• 5:27
  Speaker 2: So what is that to me? Right?
• 5:28
  Speaker 1: Because you could be automatically, like John O'Brien has spoke
• 5:31
  Speaker 1: about when he was on the show, last year, how
• 5:33
  Speaker 1: many people are eligible for the child tax Credit that
• 5:37
  Speaker 1: never take advantage of it, and it's billions of dollars
• 5:39
  Speaker 1: in unclaimed money. I have a strong suspicion it's going
• 5:43
  Speaker 1: to be the same thing with this. Yes, you might
• 5:46
  Speaker 1: be automatically enrolled in it, but you still have to
• 5:48
  Speaker 1: sign up. You still got to actually go and fill out.
• 5:51
  Speaker 1: There's going to be a variety of people that do
• 5:54
  Speaker 1: not do that. People don't trust the system, or sure
• 6:00
  Speaker 1: don't want to just automatically input their child's Social Security number,
• 6:03
  Speaker 1: all information, all that is. You're going to lose half
• 6:07
  Speaker 1: the people just by doing the form they're gonna get.
• 6:09
  Speaker 1: Like PJ said, kept Sayding's like, I'm halfway like, what
• 6:12
  Speaker 1: the hell's this? There's too much. It's a good idea
• 6:15
  Speaker 1: in theory, for sure, even a thousand dollars, Like I
• 6:18
  Speaker 1: just did the math. If it's a thousand dollars, if
• 6:20
  Speaker 1: twelve percent compounded, let's just just say twenty years. Let's
• 6:23
  Speaker 1: make it an even number. One thousand dollars and twenty
• 6:26
  Speaker 1: years is nine thousand, six hundred and fifty dollars. Ten
• 6:30
  Speaker 1: thousand ain't never been ten thousand dollars has never been
• 6:33
  Speaker 1: bad for anybody in life.
• 6:35
  Speaker 2: And that's what special eighteen. That's no contribution at twenty.
• 6:40
  Speaker 1: So, but at twenty years old, the vast i didn't
• 6:44
  Speaker 1: have ten thousand dollars twenty years old. The vast majority
• 6:47
  Speaker 1: of people don't have ten thousand dollars at twenty years old.
• 6:51
  Speaker 3: Just waiting for that. You hear that, it's like, that's reality.
• 6:56
  Speaker 3: I know adults that don't have ten thousand dollars saved
• 6:58
  Speaker 3: right now for the thirty forties. So imagine having that
• 7:01
  Speaker 3: at eighteen. And like you said, again, that's with no contribution.
• 7:05
  Speaker 3: That's just if the one thousand dollars just sists, you
• 7:08
  Speaker 3: can contribute to it.
• 7:09
  Speaker 1: Well, that's so, that's from the next So fifty dollars
• 7:11
  Speaker 1: a month, if you add fifty dollars a month, just
• 7:13
  Speaker 1: fifty dollars a month, it's like, okay, the government's going
• 7:16
  Speaker 1: to give you a thousand dollars you as a parent.
• 7:18
  Speaker 1: If you add fifty dollars a month to that at twenty,
• 7:22
  Speaker 1: now that's fifty three thousand, seven hundred. Now thats fifty Now,
• 7:26
  Speaker 1: that's fifty dollars a month. Just as low as fifty
• 7:29
  Speaker 1: dollars a month makes it fifty three thousand dollars at
• 7:32
  Speaker 1: age twenty and one hundred dollars a month makes it
• 7:36
  Speaker 1: one hundred and nine thousand dollars.
• 7:38
  Speaker 2: So no, it's real. I mean no, that's it's real.
• 7:43
  Speaker 5: Or a small investment over a long period of time
• 7:47
  Speaker 5: is life changing. Like I put the post up three
• 7:49
  Speaker 5: weeks ago, two hundred and fifty dollars per month is
• 7:54
  Speaker 5: three hundred and fifty grand, Like I don't know where
• 7:56
  Speaker 5: everyone is financially, three hundred and fifty grand at any
• 7:59
  Speaker 5: part in a oldhood is a windfall that would change
• 8:01
  Speaker 5: a lot.
• 8:02
  Speaker 4: Of people lives.
• 8:03
  Speaker 1: But look for this is just just ring the comments.
• 8:05
  Speaker 1: This is the distrust sounds like it set up to
• 8:07
  Speaker 1: me another Trump scam. So and not even judge you
• 8:11
  Speaker 1: whether they right or wrong. But I'm just saying that's
• 8:12
  Speaker 1: the sentiment.
• 8:13
  Speaker 4: Sentiment.
• 8:14
  Speaker 1: Sentiment is why there's going to be people that's like,
• 8:17
  Speaker 1: I'm not I'm not doing this.
• 8:20
  Speaker 3: I'm fully like with you on that, Like I don't
• 8:23
  Speaker 3: disagree that people have a negative connotation when it comes
• 8:25
  Speaker 3: to it, Like I can't say this guy's name in
• 8:27
  Speaker 3: front of my mom, like she doesn't even want to
• 8:29
  Speaker 3: hear this man's name.
• 8:30
  Speaker 2: In her house.
• 8:31
  Speaker 3: Right, So let alone that there's going to be an
• 8:33
  Speaker 3: account associated And now obviously I'm not eligible, but kids
• 8:36
  Speaker 3: are eligible. And so this is the other piece to it.
• 8:39
  Speaker 3: And I always said, watched the room and we were
• 8:40
  Speaker 3: talking about this earlier. But look at who was in
• 8:43
  Speaker 3: the room with them, right, Kershner was there, Michael Dell
• 8:47
  Speaker 3: was there. Why is Michael Dell there? Well, he's saying, look,
• 8:49
  Speaker 3: we're going to donate seven billion. Well where's the seven
• 8:51
  Speaker 3: billion going if the government is given a thousand, Well,
• 8:53
  Speaker 3: there's still people who are eligible that will be able
• 8:56
  Speaker 3: to have money from private institutions that will put at
• 9:00
  Speaker 3: money in the account. So they're i think they're allocating
• 9:02
  Speaker 3: two hundred and fifty dollars to accounts that qualify. Then
• 9:07
  Speaker 3: you have Micron saying that they're going to donate six
• 9:10
  Speaker 3: hundred million, and so you're starting to see more institutions.
• 9:13
  Speaker 3: I know Chipotle is added to it. More institutions are
• 9:16
  Speaker 3: finding a way. I'm sure there's an incentive for them
• 9:18
  Speaker 3: to do it, maybe from a tax standpoint, to be
• 9:21
  Speaker 3: on the part of this and help fund the next generation.
• 9:24
  Speaker 1: But only thing that's going to do is make the
• 9:26
  Speaker 1: wealth gap even whiter if people that need it the
• 9:29
  Speaker 1: most don't take advantage of it. Because if you're want
• 9:33
  Speaker 1: to get upper middle class people that's going to now
• 9:36
  Speaker 1: have twenty thousand dollars to give their kids when a
• 9:38
  Speaker 1: poor person they don't have anything.
• 9:40
  Speaker 3: I think as a cap though, so I think they
• 9:41
  Speaker 3: might be like, you have to make under two hundred thousand,
• 9:43
  Speaker 3: two hundred.
• 9:44
  Speaker 1: Thousand, Okay, that's that's upper middle class if you live
• 9:47
  Speaker 1: in Ohio. So if you make two hundred thousand dollars
• 9:52
  Speaker 1: and you live in most part of America, you know
• 9:54
  Speaker 1: you live in a pretty decent life for sure. And
• 9:57
  Speaker 1: now that community is educated enough to take advantage of
• 10:03
  Speaker 1: the situation, and now they're giving their kids even they
• 10:05
  Speaker 1: already had a head start, and they given even more
• 10:08
  Speaker 1: of a head start. With the person that's making thirty
• 10:11
  Speaker 1: seven thousand dollars that's just struggling to really survive, either
• 10:17
  Speaker 1: uneducated or fearful or doesn't have the wherewithal to figure
• 10:24
  Speaker 1: it out, doesn't take advantage of it, so that a
• 10:27
  Speaker 1: wealth gap is actually just increasing over the course of
• 10:29
  Speaker 1: time because you're already given the people that already had
• 10:32
  Speaker 1: a head start even more of a head start.
• 10:35
  Speaker 3: So that becomes what's the then what role do we
• 10:39
  Speaker 3: play in it?
• 10:40
  Speaker 2: Right? Do we educate?
• 10:41
  Speaker 3: Because I think the education piece is important to give
• 10:44
  Speaker 3: as much information that we know so we can tell
• 10:46
  Speaker 3: people and hopefully they make their own decision, while other
• 10:50
  Speaker 3: people I know are just going to ignore it and
• 10:52
  Speaker 3: miss the opportunity.
• 10:53
  Speaker 5: This other part real quick, got y'all, I mean to
• 10:58
  Speaker 5: cut you off. We've done a part, the great part, okay,
• 11:01
  Speaker 5: right right right? These four down s P y M
• 11:04
  Speaker 5: I V v I T O T SPTM. As soon
• 11:08
  Speaker 5: as I saw the layout, I'll say, damn, it's two
• 11:11
  Speaker 5: tattoo necks. I've been telling you v O VT I
• 11:15
  Speaker 5: v g T before Trump fake news had the fun
• 11:20
  Speaker 5: for make America great again. I already gave you the
• 11:23
  Speaker 5: plan for your kids to get rich. Are you investing
• 11:26
  Speaker 5: into it? Pick them out whether and people say, well,
• 11:29
  Speaker 5: I can't afford it. You can afford two hundred one
• 11:31
  Speaker 5: hundred because all the other services and AAU and childcare
• 11:36
  Speaker 5: costs way more than that, and they don't give you
• 11:38
  Speaker 5: as good as a return. Pick the four that you're
• 11:41
  Speaker 5: going to marry. But even if you don't want to
• 11:44
  Speaker 5: do this, Trump account directly you can do s p
• 11:47
  Speaker 5: y M. You can do QQQM. Blele talked about qqqi
• 11:51
  Speaker 5: pick an asset that you're going to marry and just
• 11:53
  Speaker 5: put money into it every month and and just automate
• 11:57
  Speaker 5: it and you never have to worry about it.
• 11:58
  Speaker 1: Yeah, but what I'll say is you have to have
• 12:01
  Speaker 1: enough mental fortitude to follow the process. We can only
• 12:05
  Speaker 1: do so much as far as we obviously have a
• 12:08
  Speaker 1: dedicated audience that listen. So hopefully by us explaining it,
• 12:12
  Speaker 1: if people want to take advantage of it, they might
• 12:14
  Speaker 1: have some more information if they want to tell that
• 12:16
  Speaker 1: their friends, coworkers or family members. But let's be honest,
• 12:21
  Speaker 1: the vast majority of the people we still haven't gotten
• 12:24
  Speaker 1: through to yet.
• 12:26
  Speaker 2: And there's a.
• 12:29
  Speaker 1: This certain level of wherewithal that you you are on
• 12:36
  Speaker 1: the bottom level of the economic spectrum of society.
• 12:39
  Speaker 2: Let's be honest.
• 12:41
  Speaker 1: Your top priority is not to listen to market mondays,
• 12:44
  Speaker 1: and that stressed you, stressed out, you're trying to figure
• 12:47
  Speaker 1: out how to pay rent, you know what I mean,
• 12:49
  Speaker 1: like you you down on your luck or it's just
• 12:51
  Speaker 1: a variety of different things. Those people are not listening
• 12:55
  Speaker 1: to the market mondays. So those are the people and
• 13:00
  Speaker 1: know people personally help they are going to have children,
• 13:04
  Speaker 1: and I know for a fact they're not going to
• 13:05
  Speaker 1: take advantage of it. This is a complex or the
• 13:10
  Speaker 1: information that we get.
• 13:12
  Speaker 4: That's the heartbreaking partner cycle. I'm in need. I'm like, bro,
• 13:16
  Speaker 4: I gave you the money to put into your kids.
• 13:18
  Speaker 3: Account, any won't do it. I will say this about
• 13:22
  Speaker 3: the accounts. It's not an end all bill. It's a
• 13:26
  Speaker 3: part of the investment story. Should you have a broken's account? Absolutely?
• 13:30
  Speaker 3: Should you have five to twenty nine plans? Should you
• 13:31
  Speaker 3: be doing all those things up my accounts?
• 13:33
  Speaker 2: Yeah? You should be right.
• 13:35
  Speaker 3: And I'm talking to the audience that is obviously had
• 13:37
  Speaker 3: some financial wherewithal.
• 13:39
  Speaker 2: It's not the end all bill.
• 13:41
  Speaker 3: It is a part of the story and it's free, right,
• 13:44
  Speaker 3: so should you take advantage of it? I would definitely
• 13:47
  Speaker 3: educate myself if the opportunity is there, if I need it,
• 13:50
  Speaker 3: and if it feels like something that could be a
• 13:52
  Speaker 3: part of the investment journey, especially for my kids.
• 13:55
  Speaker 1: I mean, but that's another thing too. People don't even
• 13:57
  Speaker 1: think about their kids like I'm.
• 13:59
  Speaker 3: Not I'm not laughing. It's part of it living forward
• 14:05
  Speaker 3: the we can themselves.
• 14:08
  Speaker 2: That's not it.
• 14:09
  Speaker 1: Bro, you're talking about saving money a thousand dollars and
• 14:12
  Speaker 1: they going kids gonna get it in twenty years.
• 14:14
  Speaker 2: And that's a life insurance piece.
• 14:16
  Speaker 1: Yeah, they're not even that's not even on their register.
• 14:19
  Speaker 1: You could give them money. You can give them, Hey,
• 14:21
  Speaker 1: we're gonna give you a thousand dollars for a kid.
• 14:24
  Speaker 1: What's the catch?
• 14:25
  Speaker 4: What upbois?
• 14:28
  Speaker 2: Last year?
• 14:29
  Speaker 1: What do I get out of it? How am I
• 14:31
  Speaker 1: going to benefit from it? If I'm not going to
• 14:32
  Speaker 1: benefit from it, I don't care what. It's the same
• 14:35
  Speaker 1: thing with life insurance. People say like I got to
• 14:36
  Speaker 1: die for somebody else to get rid of.
• 14:38
  Speaker 5: But my friend touch you and told you that that
• 14:42
  Speaker 5: was literally what he said. He like, Yo, that's the
• 14:44
  Speaker 5: real that's for my kid. I was behind. I'm like,
• 14:46
  Speaker 5: you weren't behind. You was just SA camp fucking three
• 14:49
  Speaker 5: weeks ago.
• 14:50
  Speaker 2: Or you know what happens.
• 14:52
  Speaker 3: The other piece of it is that we don't have discipline,
• 14:56
  Speaker 3: and so we might open the account in two years,
• 14:59
  Speaker 3: it might be fifteen hundred. We're like, y'all need that
• 15:01
  Speaker 3: fifty hundred, and we take the fifteen hundred out and
• 15:04
  Speaker 3: then it gets taxed and we're like, wait, hold on,
• 15:06
  Speaker 3: you know what I mean. It's just that's why I said,
• 15:08
  Speaker 3: the educators, so many layers, and.
• 15:11
  Speaker 2: So I point, well, here's some infact.
• 15:13
  Speaker 1: Well, hopefully you guys now know about it at the
• 15:15
  Speaker 1: very least the market Monday faithful. You guys know about it,
• 15:19
  Speaker 1: each one one. So if you want to take advantage
• 15:22
  Speaker 1: of it, can we get the website?
• 15:24
  Speaker 3: Ah?
• 15:24
  Speaker 1: Yeah, yeah, if you want to. If you want to
• 15:26
  Speaker 1: take advantage of it, take advantage of it. If you
• 15:30
  Speaker 1: don't want to take advantage of it, personal decision. But
• 15:32
  Speaker 1: at least you're educated on it, and now you can
• 15:36
  Speaker 1: you know, like I said, you can tell your friends.
• 15:38
  Speaker 1: You can add money to it. You can add up
• 15:40
  Speaker 1: to five thousand dollars a year to it. It's invested
• 15:44
  Speaker 1: in the d day funds compounds over the course of time.
• 15:48
  Speaker 2: Trump Accounts dot gov. Trump Accounts dot Gov is the
• 15:51
  Speaker 2: name of the website.
• 15:52
  Speaker 4: We are not affiliate.
• 15:54
  Speaker 3: We're just we're not We're not And there's information there
• 15:57
  Speaker 3: as well, and the app is there as well. And
• 16:00
  Speaker 3: Roberhood is the brokerage. So we saw a lad on
• 16:04
  Speaker 3: TV today, I'm talking about it. So congrats to lad
• 16:08
  Speaker 3: on on being the brokerage. I guess quote ute.
• 16:12
  Speaker 5: Double since that bottom I told you it's gonna be.
• 16:17
  Speaker 2: It was in the list. It was a list.
• 16:19
  Speaker 5: Yeah, Rashot you seem sad a little bit though, even
• 16:22
  Speaker 5: though you just left the tropical island, like what's the
• 16:25
  Speaker 5: solution to this problem and getting the information to reach
• 16:30
  Speaker 5: more people when it needed more than ever.
• 16:37
  Speaker 1: You can you can only do what you can do.
• 16:40
  Speaker 1: You go crazy trying to change, you know, change the
• 16:43
  Speaker 1: whole entire world, like you going do what you can do.
• 16:46
  Speaker 1: It's like the Marines. A few good men or a
• 16:48
  Speaker 1: few good women.
• 16:53
  Speaker 2: You can't. You can't change.
• 16:54
  Speaker 1: You can't save everybody, so you can't can't focus on that. Yeah,
• 17:02
  Speaker 1: help pool wants to help themselves and then eventually, you know,
• 17:05
  Speaker 1: people when they want help, they'll receive it. But you know,
• 17:09
  Speaker 1: when you have a song that encourages people to scam
• 17:13
  Speaker 1: and to steal closet out out of clothing stores and
• 17:16
  Speaker 1: that that's the number one song in the world, it
• 17:19
  Speaker 1: says a lot about the times that we're in. But
• 17:21
  Speaker 1: it also says a lot about the appetite that people
• 17:23
  Speaker 1: have because no matter how much they can talk about
• 17:25
  Speaker 1: social programming and that's about conversation that we can have
• 17:28
  Speaker 1: if you're interested in as well. Yeah, there is some
• 17:30
  Speaker 1: level of social programming, but the social programming only goes
• 17:32
  Speaker 1: to people that's interested in being socially programmed. So at
• 17:36
  Speaker 1: some point time, at a certain point in time, you
• 17:38
  Speaker 1: gotta have some level of responsibility because it's like, you know,
• 17:42
  Speaker 1: nobody's forcing you to listen to the music, nobody's forcing
• 17:44
  Speaker 1: you to drink liquor, nobody's forcing you to do all
• 17:47
  Speaker 1: these things.
• 17:47
  Speaker 2: It's there for you, but.
• 17:49
  Speaker 5: You're just a disproportionate amount of media being pushed to us.
• 17:53
  Speaker 5: Stuff Like even when it happened to be two awards,
• 17:55
  Speaker 5: my first thought was they cleared that to make that
• 18:00
  Speaker 5: the moment.
• 18:01
  Speaker 1: You know what, I you know what, you know what
• 18:02
  Speaker 1: I found interested in this whole And not to get
• 18:05
  Speaker 1: too political, but this whole Gaza thing is like they
• 18:10
  Speaker 1: got these people got thrown everything possible, they got thrown
• 18:13
  Speaker 1: at them, and they're in the rubble, and they praying
• 18:17
  Speaker 1: and they getting married with nothing, no electricity, no running
• 18:21
  Speaker 1: ward or nothing. They ain't lose their faith no matter what.
• 18:24
  Speaker 1: They held on to their principles and they faith so
• 18:28
  Speaker 1: regardless of the circumstance, regardless of the circumstance. Regardless of circumstance,
• 18:33
  Speaker 1: we know we got it heard, but we have a
• 18:37
  Speaker 1: we have a part to play in our downfall as well,
• 18:39
  Speaker 1: because we we we want it. No matter how much
• 18:44
  Speaker 1: we say about the ignorance, we all we want. We
• 18:46
  Speaker 1: as a society, we want ignorant more than we want
• 18:50
  Speaker 1: positive things, for sure. Until that changes, Until that changes,
• 18:56
  Speaker 1: the vast majority of people are still going to be
• 18:58
  Speaker 1: in the same mental struggle that they're in.
• 19:01
  Speaker 3: The shit it becomes entertaining, it becomes that is that
• 19:04
  Speaker 3: is off form of entertainment. Yeah, sports and it that
• 19:07
  Speaker 3: is entertaining, and so people love it. They want to
• 19:09
  Speaker 3: see tragedy, they want to see down for It's the
• 19:11
  Speaker 3: reason why that programming continues to feed that and continues
• 19:16
  Speaker 3: to put that in front of you, because they know
• 19:18
  Speaker 3: you're gonna watch it, they know you're gonna react to it,
• 19:19
  Speaker 3: and know you're gonna get emotional about it.
• 19:21
  Speaker 2: You know you're gonna come back for more. You're coming
• 19:23
  Speaker 2: back for more. Well, spend that, spend that, spend that, spend.
• 19:30
  Speaker 5: It on stop even if you don't got nothing to spend,
• 19:34
  Speaker 5: find it, suspend find it to spend it.
• 19:37
  Speaker 4: Just now Leven happened. They told you to spend it money.
• 19:41
  Speaker 1: The average person doesn't have five hundred dollars saved, and
• 19:44
  Speaker 1: the number one song is spend it spend What what
• 19:46
  Speaker 1: exactly are you spending?
• 19:48
  Speaker 2: You don't even have money to spend.
• 19:50
  Speaker 5: For those who don't know, it takes two hundred to
• 19:52
  Speaker 5: four hundred grand to make a song go number one.
• 19:55
  Speaker 5: That's why I said it's a disproportion and shout to
• 19:58
  Speaker 5: whoever wrote the song and the producer. It's not the
• 20:01
  Speaker 5: greatest song of all time. So for to go number
• 20:03
  Speaker 5: one in this climate, it's number one.
• 20:07
  Speaker 2: It's number one in the street. It's number one. It's
• 20:10
  Speaker 2: number one in the streets I see it.
• 20:15
  Speaker 3: The more attention you give to it, obviously, the more
• 20:18
  Speaker 3: for you know what I'm saying, so like I don't.
• 20:21
  Speaker 2: I haven't panned into that because I understand how it works.
• 20:24
  Speaker 4: Right.
• 20:24
  Speaker 3: The more you talk about it, the more play, the
• 20:27
  Speaker 3: more growth it has than it potentially is the number
• 20:29
  Speaker 3: one song in the country.
• 20:30
  Speaker 5: So all right, real quick, for those who asks, once again,
• 20:35
  Speaker 5: writer than the chat s p y M one, number two,
• 20:39
  Speaker 5: I v V number two, s number three, s p
• 20:42
  Speaker 5: t M and number four I T O T are
• 20:45
  Speaker 5: four that you can invest in if you want to
• 20:47
  Speaker 5: emulate the Trump Account return for your kid without investing
• 20:51
  Speaker 5: to the Trump account.
• 20:52
  Speaker 3: And you cannot. You cannot change the investment. It's not
• 20:57
  Speaker 3: something that you can actively manage. The investment is done
• 21:00
  Speaker 3: through the United States government. They're going to put it
• 21:02
  Speaker 3: in index funds and you can't do anything about that.
• 21:05
  Speaker 2: And once the money goes in, they now manage Yeah, which.
• 21:08
  Speaker 5: Is great because it forces you to not rotate too much,
• 21:13
  Speaker 5: not trade with your child's future, but more importantly, just
• 21:16
  Speaker 5: find a way to automate this for your children on
• 21:19
  Speaker 5: their own.
• 21:20
  Speaker 2: It makes it so much easier.