Latest / The D.L. Hughley Show / DLHS HOUR 3 | Trump, Money Anxiety, and Why Everybody Is Giving You Bad Financial Advice

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DLHS HOUR 3 | Trump, Money Anxiety, and Why Everybody Is Giving You Bad Financial Advice · The D.L. Hughley Show

• 0:02
  Speaker 1: It is the DHU Call show your twenty twenty sixth edition.
• 0:05
  Speaker 2: In case you are going to be in Chicago, Illinois,
• 0:09
  Speaker 2: I'll be in Schamberg at the Chicago in Shamberg. So
• 0:14
  Speaker 2: come check me out if you take a notion. I
• 0:16
  Speaker 2: love that city, one of my very favorite cities.
• 0:18
  Speaker 1: Very fair.
• 0:19
  Speaker 3: What do you love about it?
• 0:20
  Speaker 1: I love the people.
• 0:21
  Speaker 2: I love how I could actually live in Chicago if
• 0:23
  Speaker 2: it didn't have winter. It's like it's one of the
• 0:26
  Speaker 2: dopest season.
• 0:28
  Speaker 4: It reminds me a lot of New York quite a bit. Yeah,
• 0:31
  Speaker 4: besides the super cold temperatures now the New York.
• 0:34
  Speaker 2: And a lot of dope ass black people, a lot,
• 0:36
  Speaker 2: a lot, a lot great restaurants.
• 0:38
  Speaker 1: Yeah, great food.
• 0:40
  Speaker 2: It rivals any country, any city in the country for food, anyone,
• 0:43
  Speaker 2: you can pick anyone. And I always go to this
• 0:46
  Speaker 2: place called Lie Colonial, which is a vietname Vietnamese French
• 0:50
  Speaker 2: Restaurantlee Colonias.
• 0:53
  Speaker 1: La colonale, colonia, loa colonia, whatever it is.
• 0:55
  Speaker 2: I know how to say it. I know how to
• 0:57
  Speaker 2: get there. I get there, I know how to do it.
• 0:59
  Speaker 2: Like I love the place I stayed when I when
• 1:01
  Speaker 2: I go to Chicago, I stay at the same place.
• 1:05
  Speaker 1: I know the same people, I have the same thing.
• 1:08
  Speaker 3: That sounds so exciting.
• 1:09
  Speaker 2: It is the greatest bartender ever. I'm well, almost everywhere
• 1:14
  Speaker 2: I go, they know what to do. Almost everywhere I
• 1:17
  Speaker 2: go to drink, I sit at the same place every time.
• 1:21
  Speaker 2: Like when we leave here, we go to lunch with everybody,
• 1:24
  Speaker 2: every bartender we go to.
• 1:25
  Speaker 1: What do they do?
• 1:26
  Speaker 3: They know your drink?
• 1:27
  Speaker 1: They know yours too.
• 1:28
  Speaker 2: Don't like it's just me now talk about you.
• 1:34
  Speaker 3: I like a little variety, you know.
• 1:36
  Speaker 2: So I was saying this early, so Skip sent me
• 1:38
  Speaker 2: a thing. I wasn't looking for this because I never do.
• 1:40
  Speaker 2: But Skip sent me a thing with Marcellus Wiley. I
• 1:43
  Speaker 2: guess he's There are four women that came out and
• 1:46
  Speaker 2: the one thing that Trump supporter gonna do is spend
• 1:49
  Speaker 2: time explaining multiple rape obligations.
• 1:51
  Speaker 1: I'm telling you, sure they should have a form letter.
• 1:54
  Speaker 3: Yeah they should. They probably do.
• 1:56
  Speaker 2: Man, I'm just like, Wow, I don't like him, but
• 1:58
  Speaker 2: I'm not wishing bad or anybody.
• 2:00
  Speaker 1: I don't like him, but I don't I don't want that.
• 2:02
  Speaker 2: I still don't want that to happen, either for him,
• 2:05
  Speaker 2: his kids, or wife or anybody evolved. But he is
• 2:09
  Speaker 2: the dumbest, is he is? I hope these are not.
• 2:13
  Speaker 2: I hope I hope that he That's just that's a
• 2:17
  Speaker 2: I don't have really anything good. I'm saying Trump supporters.
• 2:21
  Speaker 2: It is not out of the norm to hear aate
• 2:24
  Speaker 2: somebody who supports trub have multiple Rapublicans.
• 2:28
  Speaker 1: I'm not I'm just saying.
• 2:30
  Speaker 2: I'm not saying all of them that like that, but
• 2:33
  Speaker 2: it is not an uncommon thing. They seem to be embroilered,
• 2:38
  Speaker 2: like all of the people primarily in his periphery have
• 2:42
  Speaker 2: some kind of you know what I mean?
• 2:45
  Speaker 3: So I do I know exactly what exactly?
• 2:48
  Speaker 2: Yeah, tell me a Trump supporter without telling me the
• 2:50
  Speaker 2: Trump supporter, and that is explaining multiple women saying you
• 2:53
  Speaker 2: too something for that's I mean, I don't rejoice in
• 2:58
  Speaker 2: that at all.
• 2:59
  Speaker 1: And everything into it from the same neighborhood. Yeah, but
• 3:02
  Speaker 1: it's part for them.
• 3:03
  Speaker 2: It is on Brank Yeah, I got you.
• 3:06
  Speaker 4: You'll get another opportunity to do it again.
• 3:09
  Speaker 1: You'll hear it on certain two.
• 3:14
  Speaker 2: All right, Jed and say it's gonna be talking all
• 3:15
  Speaker 2: that jazz with financial advisor Blake Walker Esquire. Plus we
• 3:18
  Speaker 2: got the Hugo as the home makes and we've got
• 3:19
  Speaker 2: another short bus records presentation and Simil Wilks will give
• 3:22
  Speaker 2: us what we need to know.
• 3:23
  Speaker 1: It's the DL Hugby Show.
• 3:26
  Speaker 3: I'm talking all that.
• 3:27
  Speaker 1: Jack.
• 3:27
  Speaker 4: I'm really excited to talk to you because I think,
• 3:29
  Speaker 4: you know a lot of people have a lot of
• 3:30
  Speaker 4: questions right now regarding finances, regarding savings and all of
• 3:35
  Speaker 4: the things.
• 3:36
  Speaker 3: And I'm one of those people that you know.
• 3:38
  Speaker 4: I'm on social media, whether it's TikTok, Instagram, and I'm
• 3:41
  Speaker 4: constantly seeing people giving.
• 3:42
  Speaker 3: Me advice about money.
• 3:45
  Speaker 4: Now you can go and get into all of the
• 3:49
  Speaker 4: details and the lingo that we may or may not understand.
• 3:52
  Speaker 3: But can you first, like, just.
• 3:54
  Speaker 4: Right out the gate, what would be your best but
• 3:58
  Speaker 4: most simplest advice to someone who who is in a
• 4:00
  Speaker 4: situation where they're living paycheck to paycheck, Because that's really
• 4:03
  Speaker 4: about all of us right now.
• 4:05
  Speaker 5: I know with everything going on with the economy, it's
• 4:07
  Speaker 5: definitely a difficult time. I would say the best advice
• 4:11
  Speaker 5: that I could give paycheck to paycheck is even if
• 4:13
  Speaker 5: you can and this is difficult, but even if you
• 4:16
  Speaker 5: could put together put aside, I don't care if it's
• 4:19
  Speaker 5: ten dollars. Right, If it's ten dollars that you can
• 4:22
  Speaker 5: put away as a savings, that can go a long ways.
• 4:26
  Speaker 5: And I've been in the position, and I have friends
• 4:29
  Speaker 5: and family members that have been put in the position
• 4:31
  Speaker 5: where things are extremely tight and though that little amount
• 4:35
  Speaker 5: actually ended up helping them in the end, whether it's
• 4:37
  Speaker 5: something that came up that was an emergency or bill
• 4:40
  Speaker 5: or something that was unexpected. So even a small amount
• 4:45
  Speaker 5: have gone a long way. And I've been in the
• 4:46
  Speaker 5: position where I've had to do that.
• 4:47
  Speaker 4: Yeah, So I love the fact that right off the
• 4:49
  Speaker 4: gate being so young, because I understand that you're like
• 4:52
  Speaker 4: the youngest black female chief legal officers at a multi
• 4:55
  Speaker 4: billion dollar tech company. I think a lot of times
• 4:59
  Speaker 4: when people hear that, they become very intimidated because, you know, listen,
• 5:04
  Speaker 4: keeping it real, everybody gets uncomfortable when you start talking
• 5:06
  Speaker 4: about money unless.
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  Speaker 3: You got a lot of it. And even then you're worried,
• 5:09
  Speaker 3: is somebody trying to take my money?
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  Speaker 4: But a lot yes, nowadays, a lot of us out here,
• 5:14
  Speaker 4: you know, in this current administration. You know, I get
• 5:17
  Speaker 4: a little disappointed sometimes when I'm on social media and
• 5:20
  Speaker 4: somebody tells me I just saw one the other day
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  Speaker 4: that says if.
• 5:22
  Speaker 3: You're fifty years old or older, it's too late.
• 5:24
  Speaker 4: Is it ever too late to begin trying to, you know,
• 5:27
  Speaker 4: practice practical budgeting and saving something just in case.
• 5:32
  Speaker 5: Absolutely not, And you can at any age you should
• 5:36
  Speaker 5: be absolutely doing new financial strategies, new ways of making money,
• 5:42
  Speaker 5: saving money, investing money. It's never too late. And I
• 5:45
  Speaker 5: know people who have even gone into completely new careers
• 5:49
  Speaker 5: in their fifties and their sixties, seventies and are now
• 5:53
  Speaker 5: doing incredibly well, So it's never too late. I think
• 5:56
  Speaker 5: the main thing is just always being up to date
• 5:59
  Speaker 5: on any new investments they're coming across.
• 6:01
  Speaker 6: I mean, social.
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  Speaker 5: Media does have some advice that can be that I
• 6:05
  Speaker 5: wouldn't recommend, but you still can get some pretty good tips.
• 6:08
  Speaker 5: You can still get some pretty good tip from there.
• 6:10
  Speaker 3: Well, let me tell you, I know you that you
• 6:13
  Speaker 3: know as well as I do.
• 6:14
  Speaker 4: It is thousands, if not millions of people on social
• 6:18
  Speaker 4: media giving advice about money, and especially you know, I
• 6:22
  Speaker 4: did want to talk to you about this high yield
• 6:23
  Speaker 4: savings and CDs. I see more people talking about that,
• 6:27
  Speaker 4: and they make it seem like it's like water, like
• 6:29
  Speaker 4: it's so easy.
• 6:30
  Speaker 3: It's so simple. You know what it does.
• 6:32
  Speaker 4: But we you know, you really don't know who to trust.
• 6:34
  Speaker 4: What's the best advice regarding you know, first steps in
• 6:37
  Speaker 4: terms of finding the appropriate high yield savings and also
• 6:40
  Speaker 4: you know, no penalty CDs and things like that. Where
• 6:43
  Speaker 4: should we where should we be looking at? How much
• 6:45
  Speaker 4: should we be putting into these accounts?
• 6:47
  Speaker 1: Yes?
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  Speaker 5: The two best places I would recommend is either Common
• 6:52
  Speaker 5: Facts you can go get a market's account. You can
• 6:54
  Speaker 5: get one for a high yield savings account you can
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  Speaker 5: get for five hundred dollars five hundred dollars. You can
• 6:59
  Speaker 5: also go to Bank of America. They have their own
• 7:07
  Speaker 5: Merrill Lynch. You can go there as well. It's similar
• 7:10
  Speaker 5: to Goldman Sachs a little bit different terms. But again,
• 7:13
  Speaker 5: the main reason why you would go get a high
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  Speaker 5: old savings account is if you keep it in your
• 7:17
  Speaker 5: regulard bank account, you're getting what point zero zero one
• 7:19
  Speaker 5: percent on your interest. If you go to a Goldman
• 7:23
  Speaker 5: fact or a Merrill Lynch, then you're getting anywhere between
• 7:27
  Speaker 5: three to five and a half percent. Wow, And that
• 7:30
  Speaker 5: is money that you can take out at any time.
• 7:32
  Speaker 5: A lot of people know about cd CDs is when
• 7:34
  Speaker 5: you put the money in. A lot of CDs have
• 7:35
  Speaker 5: penalties to it. So if you put the money in
• 7:37
  Speaker 5: to a CD, let's say you do a six month CD.
• 7:40
  Speaker 5: If you pull that money out early, let's say there's
• 7:42
  Speaker 5: an emergency that you need to take care of something,
• 7:44
  Speaker 5: you are penalized, meaning that if you bring that money out,
• 7:47
  Speaker 5: you lose all of the interest. And so if you
• 7:50
  Speaker 5: get a high yield savings account or if you get
• 7:53
  Speaker 5: a no penalty CD, then there's no penalizing you for
• 7:56
  Speaker 5: taking the money out at any point and you just
• 7:58
  Speaker 5: have to keep it in there for seven days. That's it,
• 8:00
  Speaker 5: and it's simple. You just go to myth, go on Google,
• 8:03
  Speaker 5: Google it, go to their website and open an account.
• 8:06
  Speaker 5: As simple as it is.
• 8:08
  Speaker 4: What if someone wanted to reach out to you to
• 8:10
  Speaker 4: talk to you about, you know, maybe a high yield
• 8:13
  Speaker 4: savings account or maybe they're really just getting into investment,
• 8:17
  Speaker 4: how would they find you?
• 8:18
  Speaker 5: Yeah, Blake Mercedes on Instagram and then on LinkedIn, I'm
• 8:22
  Speaker 5: Blake Walker Richardson.
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  Speaker 4: Absolutely love it. Thank you so much Blake for taking
• 8:25
  Speaker 4: some time out and talk to us today. I'll tell
• 8:27
  Speaker 4: you what I will be calling you as I'm sure
• 8:29
  Speaker 4: what other listeners will be reaching out as well.
• 8:32
  Speaker 5: Yes, and I will go through and you'll see just
• 8:34
  Speaker 5: how simple it is, I promise.
• 8:35
  Speaker 3: All right, Blake Mercedes, thank you so much. You enjoy
• 8:40
  Speaker 3: your day, you too.
• 8:42
  Speaker 1: Lot more fun is on the way on the Deal
• 8:46
  Speaker 1: Hugle show. Now that's time about what you need to
• 8:48
  Speaker 1: know with the one and only Sybil Wilkes.
• 8:49
  Speaker 6: It's Sybil Wilkes with what we need to know. President
• 8:52
  Speaker 6: Trump rejected Iran's latest peace response, calling their representatives so
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  Speaker 6: mediators in Pakistan work define common ground. In Virginia, Democrats
• 9:04
  Speaker 6: are launching an emergency US Supreme Court appeal after a
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  Speaker 6: fight the four fifty two a gallon national average. In Washington,
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  Speaker 6: d C, Mayor Muriel Bowser celebrated graduates at Howard and UDC,
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  Speaker 6: Black legislator, mister Gerald Talbot, passed away at the age
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  Speaker 6: Uncivil Wilkes, be informed, be empowered.
• 9:46
  Speaker 1: Thank you so very much.
• 9:47
  Speaker 2: Civil jasmine EDAs more than DAL.
• 9:52
  Speaker 1: You can be show coming up as a deal.
• 9:53
  Speaker 6: You can show no one does your afternoons like DL?
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• 10:00
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• 10:09
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• 10:13
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