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Mindset Matters · Money And Wealth With John Hope Bryant

0:00
Speaker 1: Welcome the Money in Wealth with John Hob Bryant, a
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Speaker 1: production of the Black Effect Podcast Network and iHeartRadio. Hey.
0:15
Speaker 1: Hey is John Hope Bryant, and this is Money and
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Speaker 1: Wealth on the Black Effect Podcast Network. I'm the founder
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Speaker 1: of Operation Hope and other for private companies. I'm an
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Speaker 1: entrepreneur and this is my weekly ministry of Hope. I
0:31
Speaker 1: promote the Black Coffee Company at the twenty twenty four
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Speaker 1: Black Effect Podcast Festival, which happened a couple months ago
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Speaker 1: here in Atlanta, the moral capital of America, and the
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Speaker 1: Black Coffee Company. I was introduced there by Charlemagne by
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Speaker 1: God and because he hosted the whole thing obviously, and
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Speaker 1: he featured them, and specifically, Nicky Sparrow of iHeartRadio walked
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Speaker 1: me over and said, you've got to meet these brothers,
1:03
Speaker 1: and she was not wrong, and I was very impressed
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Speaker 1: with them. First, they're five founders, and they weren't playing
1:10
Speaker 1: games with each other. They weren't ego tripping. They weren't
1:13
Speaker 1: trying to argue about who had the bigger title, or
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Speaker 1: who was going to speak to me or not. They
1:18
Speaker 1: weren't playing crab in the barrel. They weren't rolling their
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Speaker 1: eyes at each other, or flipping each other off, or
1:24
Speaker 1: playing silly games. And as simple as this sounds, this
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Speaker 1: is a miracle. A camel is a horse designed by committee.
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Speaker 1: And if you got people working together who are not
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Speaker 1: emotionally stable, who are not normal, to be normal is
1:40
Speaker 1: sort of apt normal these days, increasingly, if you're not
1:46
Speaker 1: dealing with stable people, you're going to have an unstable
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Speaker 1: everything else, And everything compounds. Success builds on itself. You
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Speaker 1: build wealth in your sleep, you make money doing the day.
1:56
Speaker 1: Heard me say that before. And failure compounds, It builds
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Speaker 1: on itself. You've heard me say, if you hang around
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Speaker 1: nine broke people, you'll be the tenth. I'm going to
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Speaker 1: break down in this podcast episode the Ministry of Hope,
2:10
Speaker 1: the Ministry of Finance. This week mindset matters, and I invested.
2:15
Speaker 1: I'm sorry, Operation Hope. Hope Ventures specifically invested twenty five
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Speaker 1: thousand dollars into the Black Coffee Company in Atlanta. Yes
2:24
Speaker 1: they've got a great product, Yes it tastes good, Yes
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Speaker 1: it's delicious, but they also are well run. Best I
2:31
Speaker 1: can tell they're doing it the right way. I'm not
2:34
Speaker 1: in there. I've not been into the depths of their
2:36
Speaker 1: books and records, So I'm not endorsing all of that,
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Speaker 1: but I am saying based on what I saw, I
2:40
Speaker 1: was impressed enough. And for the first time in thirty
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Speaker 1: two years, Operation Hope through Hope Ventures, made a direct
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Speaker 1: investment at a four hundred and fifty thousand semi black
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Speaker 1: businesses that we've nurtured, supported, inspired, created, advanced through the
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Speaker 1: one Million Black Business Initiative one MBB in partnership with Shopify.
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Speaker 1: This is the only time I reached in and actually
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Speaker 1: put direct capital into a business. We've had banks finance
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Speaker 1: businesses and we've helped We've had lawyers and attorneys and everybody.
3:07
Speaker 1: All this is good stuff, right, but they were raising
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Speaker 1: capital and I just thought it was a good bet
3:13
Speaker 1: to give them a little bit of a jolt. So
3:15
Speaker 1: we did that, and I went and spoke at their
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Speaker 1: black coffee black tie event recently in the last few days.
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Speaker 1: Was so inspired, just confirmed that we made the right decision.
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Speaker 1: And I think that day have the capacity of going
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Speaker 1: across the nation and across the world with a brand
3:35
Speaker 1: because they're not black for a living, they're great. They're
3:37
Speaker 1: good business people who happen to be black, and a
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Speaker 1: good product that happens to be produced by black people,
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Speaker 1: not a black business or black product. You know, I'm
3:44
Speaker 1: getting sort of off on a thing here. But only
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Speaker 1: black folks put we get emotional about this stuff. We
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Speaker 1: put black owned business in the window. Right. You don't
3:52
Speaker 1: see folks Jewish people putting Jewish owned business in the window,
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Speaker 1: or Latino owned business the window, or white owned business
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Speaker 1: in the window. Right, Indian owned business in the window,
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Speaker 1: Asian owned No, just African Americans. We're saying. You know, unconsciously,
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Speaker 1: what you're saying is anybody but black folks, don't. You
4:09
Speaker 1: may be a little uncomfortable walking up in here. You're
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Speaker 1: in a green business. You're not a black business. You're
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Speaker 1: a green business in the US at least or wherever
4:17
Speaker 1: you are. You're the color of that currency in the US,
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Speaker 1: the color is green. And you want everybody to come
4:22
Speaker 1: in your business. You want to then take that currency,
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Speaker 1: that income that seales or sales, and then translate that
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Speaker 1: then too profit and wealth creation and job creation and
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Speaker 1: growth of your business. And if you want to start
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Speaker 1: a philanthropy that then focuses on lifting up folks from
4:37
Speaker 1: your neighborhood, fantastic, But you can't distribute money like a
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Speaker 1: socialist until you first collected like a capitalist. And everybody
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Speaker 1: knows you black, they can see you. So the Black
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Speaker 1: Coffee Company, clearly it's in their name. But when you
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Speaker 1: walk in there, you just smell good coffee and you
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Speaker 1: see good customer service, and you don't see drama and instability.
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Speaker 1: And we need to knock this stuff off. Getting ahead
5:00
Speaker 1: of myself on this podcast, you see this one's near
5:04
Speaker 1: and dear to me as a person, I believe we're
5:07
Speaker 1: not human beings having a spiritual experience. Where spiritual beings
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Speaker 1: having a human experience, energy matters. So let's start with
5:16
Speaker 1: the trending topics for this podcast. I'm gonna pick on
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Speaker 1: somebody rich and somebody poor poor as relative. I don't
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Speaker 1: mean poor as then you don't have a roof for
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Speaker 1: your head, a food and the table. I mean you've
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Speaker 1: got too much month at the end of your money,
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Speaker 1: you can't go on vacation or blink without thinking about it.
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Speaker 1: So the rich example is Kanye West. He has a
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Speaker 1: bunch of other names, but I'm gonna ignore all that.
5:42
Speaker 1: It's ridiculous. My man needs to I mean, it's not
5:48
Speaker 1: on me to say he should take his medicine. But
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Speaker 1: he just seems ever since he lost his mother, God
5:54
Speaker 1: rest her soul, who seems to be a rock in
5:57
Speaker 1: his life, it just seems that he he has been
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Speaker 1: less than stable. Yes, I said it. He can be
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Speaker 1: a genius and be unstable. He can create great music
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Speaker 1: and be less than stable. You don't do some of
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Speaker 1: the things that he's done and set himself and his
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Speaker 1: economics on fire as an artist and as a businessman,
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Speaker 1: and set his net worth on fire. This is an example.
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Speaker 1: I'm a gift today. Unless you are insane, which I
6:29
Speaker 1: don't believe. He is crazy and stupid, which I don't
6:34
Speaker 1: believe he is. Are just unstable, imbalanced, which means in
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Speaker 1: this example, he should take his medicine and go to
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Speaker 1: a counselor Why am I picking on him? I'm not
6:49
Speaker 1: picking on him. He's the one who bought a fifty
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Speaker 1: four million dollar mansion in Malibu. I think it was
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Speaker 1: fifty four million dollars, some crazy number in Malibu that
7:04
Speaker 1: was designed by one of the most amazing architects in
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Speaker 1: the world. And this home on the beach, situated between
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Speaker 1: two architectural treasures, was itself an architectural treasure. Go look
7:17
Speaker 1: at them before and after picture so you can see
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Speaker 1: for yourself. It was, you know, art alive. And he
7:25
Speaker 1: bought it for over fifty million dollars and then proceeded
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Speaker 1: to destroy it, like literally destroy it, like jack hammer
7:35
Speaker 1: destroyed it. Said he didn't want any bathrooms, didn't want
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Speaker 1: any plumbing, didn't want any heating, didn't want any infrastructure whatsoever.
7:47
Speaker 1: It's ocean front. Now, he wanted to destroy the view,
7:53
Speaker 1: the glass, all that. He wanted all of that to go.
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Speaker 1: You ended up with a shell, a concrete shell now
8:03
Speaker 1: being exposed to the elements. And I believe the Arctic's
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Speaker 1: named Ando. I believe it is. I don't have absolute
8:10
Speaker 1: confirmation this, but I believe Ando was an architect that
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Speaker 1: his ex wife loved. If that's the truth, then then
8:18
Speaker 1: here you go. He hired a guy, a laborer to
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Speaker 1: come in with a jackhammer and just tear the whole
8:25
Speaker 1: damn thing up. Well, he got into trouble. He bought
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Speaker 1: this in twenty twenty one. He got in economic trouble.
8:30
Speaker 1: You all know the rest of the story. And then
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Speaker 1: he had to dump this property that he had destroyed.
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Speaker 1: Was fifty seven million is what he bought it for.
8:39
Speaker 1: Almost sixty million dollars and now he's trying to sell
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Speaker 1: it for thirty something million. No one's buying it. I'm
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Speaker 1: not buying it. I'm not buying the story. I think
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Speaker 1: this is lighting yourself on fire. You just destroyed half
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Speaker 1: of value. I don't think buy it for thirty million.
8:56
Speaker 1: Thirty five million is what he's trying to get for it.
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Speaker 1: I think. I mean, it's nothing. It's just got land value,
9:01
Speaker 1: and somebody's gonna have to redo this entire house, is
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Speaker 1: my sense. It's a scene of violence. The I believe
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Speaker 1: the realtor or somebody close to this. No, somebody from
9:15
Speaker 1: New York magazine described the Jackhammer House home. Sorry, it's
9:20
Speaker 1: not a house, and it's not a home anymore. It's
9:22
Speaker 1: a house, it's a thing. Actually, he decigned this, described
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Speaker 1: it as a scene of violence, and I believe that's
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Speaker 1: the best way to sum this up. As we move
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Speaker 1: on to something. There's no there's no there's nothing to say.
9:35
Speaker 1: There's nothing to see here. You look at it online,
9:38
Speaker 1: you look at it the link I'll give you. There's
9:39
Speaker 1: nothing to talk about. It's just plain silly and it
9:45
Speaker 1: was a stupid act. I don't think it's a stupid person.
9:47
Speaker 1: Think he's brilliant as an artist, but it was a
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Speaker 1: stupid act. It will not help us with net worth.
9:52
Speaker 1: It will help to destroy it. And he keeps on
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Speaker 1: like this and he will be broke. He was a billionaire.
9:57
Speaker 1: I don't know what his net worth is now, but
9:59
Speaker 1: it's heading. My guess is it's sliding downward. You keep
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Speaker 1: doing stuff like this, plus all the lawsuits and the
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Speaker 1: lawyers and all that stuff, and if your outfloaks, he's
10:07
Speaker 1: your inflow, then your overhead will be your downfall. It's
10:10
Speaker 1: just math. It's a whole bunch of folks thought they
10:13
Speaker 1: would never go broke. I average, Ivan Allen thought he
10:16
Speaker 1: would never go broke. I averaged. You guys have talked
10:19
Speaker 1: about these basketball players. I did a whole podcast on this.
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Speaker 1: I'm thinking about two different people at the same time.
10:24
Speaker 1: But stop laughing. You know what I'm talking about. Yes,
10:29
Speaker 1: Alan Iverson, stop laughing, you guys. You guys knew I
10:33
Speaker 1: was on to something. You're just teasing me and egging
10:36
Speaker 1: me on because I don't follow all the details of
10:41
Speaker 1: every basketball player and team. Ask me about motorsports. I
10:44
Speaker 1: know that. Ask me about Tony my partner Tony Wrestler's team,
10:47
Speaker 1: the Atlanta Hawks. I can tell you about them. Iverson
10:50
Speaker 1: is the gentleman. And when they try to get him
10:53
Speaker 1: give him a contract extension, Uh, he said no, no,
11:00
Speaker 1: I got to feed my family. And now he's absolutely broke.
11:07
Speaker 1: I got to feed my family. When discussing conjurct negotiations,
11:10
Speaker 1: this quote has often been cited as an example the
11:12
Speaker 1: professional athletes emphasizing the financial pressures and responsibility as a
11:17
Speaker 1: feel despite their seemingly large earnings. Irish and stated statement
11:22
Speaker 1: highlights the complexities and personal stakes involved in financial aspects
11:27
Speaker 1: of a sports criminal. This is just stupidity. No, I'm
11:31
Speaker 1: not letting folk get away with that. It's just stupidity.
11:35
Speaker 1: You know. He was offered an extension amount that was
11:38
Speaker 1: more than most people's playing amount, and he just shot
11:41
Speaker 1: himself on the foot. And look, there's a difference between
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Speaker 1: being broken being poor. Being broke is economic. Being poor
11:48
Speaker 1: is a disabling frame of mind, a depressed condition of
11:51
Speaker 1: your spirit. And you must vow never ever ever to
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Speaker 1: be poor. Again, Let's go to somebody not financially rich,
12:08
Speaker 1: because rich is a contract. By the way, wealthy is
12:10
Speaker 1: as you're here, he's here it's a mindset. But wealth,
12:14
Speaker 1: generational wealth or wealth is a whole different thing than
12:16
Speaker 1: getting rich. You can get rich on a contract. Ellen
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Speaker 1: Iverson got a contract. You know the eye. You know
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Speaker 1: what Kanye has had contracts. You can the money can
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Speaker 1: come in, it has velocity, it will leave, and you
12:29
Speaker 1: can go dead broke because it's only about making a living.
12:34
Speaker 1: You're not making a life, but you make money during
12:37
Speaker 1: the day. You build wealth in your sleeps. That's compounding, right, stocks, bonds, investments,
12:42
Speaker 1: real estate, small business, big business, home ownership, et cetera,
12:47
Speaker 1: et cetera, et cetera. It's building wealth in your sleep
12:49
Speaker 1: and mindset. So this poor example again poor, not broke,
12:55
Speaker 1: This young lady, this brothers, This is a trending topic.
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Speaker 1: This guy, the Big Kenny, he's on Instagram. She go
13:02
Speaker 1: and watches his Instagram piece on this he talks about
13:07
Speaker 1: he was talking to a fifty year old friend. I'm
13:09
Speaker 1: only talking given the age because it's important to know.
13:11
Speaker 1: This wasn't a twenty year old who didn't know better.
13:13
Speaker 1: Somebody should have known better. And she was wondering why
13:15
Speaker 1: she couldn't keep a man, get a man, keep a man, whatever.
13:18
Speaker 1: And she's a smart lady, the gentleman says, but she
13:21
Speaker 1: had dumb friends. And to make a long story short,
13:24
Speaker 1: she met a dude, and the dude was gainfully employed
13:28
Speaker 1: and had you know, you know, checked all the boxes.
13:30
Speaker 1: And he invited her to go some place she wanted
13:32
Speaker 1: to go. She wanted to go to can Comb her
13:34
Speaker 1: whole life. He invited her to go to Cankon, bought
13:37
Speaker 1: the tickets, pay for the hotel, pay for the car service, transportation, everything,
13:42
Speaker 1: just said, look, when we get there, can we buy
13:44
Speaker 1: groceries together and take terms cooking. I believe I've got
13:47
Speaker 1: that story right. Sounds reasonable, right. She went to her
13:50
Speaker 1: girlfriends she said yes, then went to our girlfriends and said,
13:54
Speaker 1: what do you think? And our girlfriend's like, girl, if
13:57
Speaker 1: he's going to be a man, he should pay for
13:59
Speaker 1: every How can he invites you to your birthday tripping?
14:03
Speaker 1: Won't pay for everything? Anyway? She went back and told
14:06
Speaker 1: the dude, and the dude was like, cool, no problem,
14:10
Speaker 1: I'm gonna take somebody else. So she's like, what do
14:14
Speaker 1: you mean You're not taking me, You're gonna take somebody else. Yes,
14:17
Speaker 1: I was going to take you. I was excited to
14:19
Speaker 1: take you. I wanted you to be my guest, and really,
14:23
Speaker 1: I really want you to be in my life. But
14:26
Speaker 1: if you're gonna listen to dumb friends telling you what
14:29
Speaker 1: you should do with your life and you don't know
14:31
Speaker 1: any better yourself, then you don't have the sense that
14:34
Speaker 1: God gave you, and you don't have the faith and
14:36
Speaker 1: the confidence the lead with determination and distinction. So you
14:40
Speaker 1: can't be my partner, my travel mate, and certainly not
14:43
Speaker 1: my wife. And that lady and people who think like
14:46
Speaker 1: her will be alone for the rest of their life
14:48
Speaker 1: unless they change their behavior and change their mindset. Entitlement.
14:51
Speaker 1: That's entitlement and stupidity. And I bet you her girlfriends
14:54
Speaker 1: have never been to Cantcon. I bet you her girlfriends
14:56
Speaker 1: don't have a man. I certainly bet you her girlfriends
14:59
Speaker 1: are not married. Yeah, you can hit on me all
15:01
Speaker 1: you want. I may not be right, but I know
15:03
Speaker 1: I'm not wrong. If you guys have been listening to me,
15:06
Speaker 1: you know I obsess on certain approaches a mindset. Mindset matters.
15:13
Speaker 1: You gotta win this battle from the neck up, from
15:15
Speaker 1: the shoulders up. Right, You're not gotta win this battle
15:18
Speaker 1: of building wealth and opportunity to move from the streets
15:20
Speaker 1: to the suites. By fighting with your hands and stopping
15:23
Speaker 1: with your feet and being angry for a living that's
15:25
Speaker 1: not going to work. There's a place and a time
15:28
Speaker 1: for everything. It's time to put that stuff aside. What
15:31
Speaker 1: do you hear from me when I talk? Right? I
15:33
Speaker 1: say and again, I came from the hood D A
15:36
Speaker 1: hyphen h O O D. I was so poor at
15:39
Speaker 1: my family at least was so poor at one point
15:41
Speaker 1: my mom's family, they couldn't pay for the O R.
15:44
Speaker 1: They were just poe p oh. And I lived in
15:46
Speaker 1: a severely underserved area neighborhood. My mother all Nita Smith,
15:50
Speaker 1: my brother Donnie David on El Harris, my sister Marlon
15:53
Speaker 1: Mont Hoskins, and she's remarried now has a new married name.
15:59
Speaker 1: But all of of us, these kids got through the
16:01
Speaker 1: hood South Central incompent. All those kids, no criminal records,
16:04
Speaker 1: no drama, no and we had a single mother. Right,
16:08
Speaker 1: it's mindset, mindset. You heard me say again, I've gone
16:12
Speaker 1: from the bottom quartel to what they call the top
16:14
Speaker 1: one percent. You've heard me say I take no for vitamins.
16:17
Speaker 1: I want you to sit down with your family, sit
16:19
Speaker 1: down with your children and walk them through this sit
16:21
Speaker 1: down with your partner, your mate, your husband, your wife,
16:24
Speaker 1: your business partners. Sit down with your posse, your crew, folks,
16:27
Speaker 1: you hang around and listen to this together, have a conversation.
16:31
Speaker 1: Let's talk about something that's meaningful for a change. I
16:35
Speaker 1: take no for vitamins. That's me. Success is going from
16:39
Speaker 1: failure to failure without loss of enthusiasm. That's me. It's
16:45
Speaker 1: okay if you don't like me. I like me, as
16:48
Speaker 1: Quincy Jones says, now when I answer, my self esteem
16:51
Speaker 1: depends on your acceptance of me. That's me. I really
16:55
Speaker 1: respect me and learn to like me. Then like me
16:58
Speaker 1: and never respect me. That's me. There is a difference
17:02
Speaker 1: between being broken being poor. Being broke is economic. Being
17:06
Speaker 1: poor is a disabling frame of mind, a depressed condition
17:10
Speaker 1: of your spirit. And you must vow never ever ever
17:13
Speaker 1: to be poor again. That is the ethos of Operation Hope,
17:17
Speaker 1: the organization I found a thirty two years ago which
17:20
Speaker 1: is impacting millions of lives. Invested four point five billion
17:23
Speaker 1: dollars in capital in underserved neighborhoods for home ownership, small
17:26
Speaker 1: business ownership, ownership, creation, access to capital, et cetera. Raising
17:30
Speaker 1: credit score is lowering debt, increasing savings, increasing our economic
17:33
Speaker 1: and our mental and social frequency. As my wife would say,
17:36
Speaker 1: high frequency thinking, getting us to lift our shoulders back
17:41
Speaker 1: and our heads up. And as doctor King once said,
17:45
Speaker 1: no man can ride your back if you stand straight up.
17:49
Speaker 1: This is mindset. Mindset matters. Life is ten percent what
17:53
Speaker 1: life does to you and ninety percent how you choose
17:56
Speaker 1: to respond to it. What's your response going to be?
17:58
Speaker 1: That's what I write in my book Love Leadership. That
18:00
Speaker 1: was my second book. I'm onto my six. I want
18:03
Speaker 1: you to get the Financial Literacy for All book, which
18:04
Speaker 1: is number one right now nationwide, has been for that
18:07
Speaker 1: way for three months on Amazon and Financial and Business
18:10
Speaker 1: Finance and Economics number one. Go get it, and I
18:15
Speaker 1: want you to mark it up, underline it. I want
18:17
Speaker 1: you to put out a sharpie pen. I want you
18:19
Speaker 1: to I want you to want to be dog eared
18:21
Speaker 1: because you're going through it. You're marking up like a
18:23
Speaker 1: workbook and talking about it with you. Don't read it
18:25
Speaker 1: and put it aside. Most people have read it a
18:27
Speaker 1: couple of times. I've been told it's got a great
18:30
Speaker 1: radio to Amazon, look at it for yourself, look read
18:32
Speaker 1: what people are saying about it. But let this be
18:34
Speaker 1: a workbook for the rest, for the for the playoff games,
18:36
Speaker 1: of the rest of your life. If you hang around
18:40
Speaker 1: nine broke people, you'll be the tenth. You heard me
18:42
Speaker 1: say that earlier. That's me. You model what you see.
18:46
Speaker 1: Why the kids want to be rap stars, athletes and
18:48
Speaker 1: drug dealers. The kids aren't dumb and there, they're not stupid,
18:51
Speaker 1: they're brilliant, but they're modeling what they see. We got
18:55
Speaker 1: to give those kids something different to see. Malcolm glad Well,
19:00
Speaker 1: The Tipping Point bestseller says, based on the University of
19:05
Speaker 1: Illinois study, five percent positive role models every community stabilizes.
19:10
Speaker 1: Think about that, not eighty percent positive role models, not
19:13
Speaker 1: fifty percent, not twenty five percent, not fifteen percent, just five.
19:18
Speaker 1: With five percent positive role models in your community and
19:21
Speaker 1: around you, every community stabilizes. That's how powerful God is.
19:25
Speaker 1: That's how powerful love is. Love is the only energy
19:29
Speaker 1: that's self renewing, the only thing that does not need
19:31
Speaker 1: any help because it comes directly from God. Darkness is
19:34
Speaker 1: defined by light, not the other way around. Badness has
19:37
Speaker 1: failed goodness. The devil is a punk, I said it.
19:41
Speaker 1: Mindset matters. The devil is a punk. The devil is
19:45
Speaker 1: a fallen angel, God gives the devil permission to exist.
19:47
Speaker 1: Can I get an amen? Yeah? This is my ministry
19:50
Speaker 1: of hope, this is my ministry for an ads, and
19:52
Speaker 1: I'm going all in right now. Badness has failed goodness right,
19:57
Speaker 1: You're not a mistake. You just made a mistake. All
20:00
Speaker 1: angels with dirty faces, right, So let's get up and
20:05
Speaker 1: claim our glory. You've heard me say that you cannot
20:07
Speaker 1: have a rainbow without a storm. First, it's not just
20:10
Speaker 1: a nice analog. It's not a nice statement that I say.
20:13
Speaker 1: It's also a scientific fact. You cannot have a rainbow
20:19
Speaker 1: without a storm. First. Let's get into now the depths,
20:24
Speaker 1: the serious around mindset, and I'm gonna give you some
20:29
Speaker 1: cheap cheat notes on this before we get finished with
20:32
Speaker 1: this podcast, and your drive or walk, or our job
20:37
Speaker 1: or workout or whatever it is you're doing while you're
20:39
Speaker 1: listening to this. It's by size. You can get your
20:41
Speaker 1: hands around it, get your mind around it. Mindset matters.
20:46
Speaker 1: As Carolyn Young, doctor Ambassador Andrew Young's beautiful wife, would
20:51
Speaker 1: tell me, when somebody is trying to diss her in
20:55
Speaker 1: public or in private, typically trying to do it in
20:58
Speaker 1: public because they've got a who are afraid to come
21:00
Speaker 1: straight at her because you know, punk's hide, coward's hide.
21:05
Speaker 1: They throw rocks and hide. But on occasion, when you
21:08
Speaker 1: hear something that sounds crazy, Carolyn will say, you can't
21:11
Speaker 1: piss on my head and call it rain, and she
21:16
Speaker 1: smiles at you and just gives you more love. She
21:19
Speaker 1: just beats you up with love. That's all I'm built of,
21:21
Speaker 1: that's all I know, because you can't go wrong doing right.
21:27
Speaker 1: My father was on his way to Detroit to get
21:31
Speaker 1: a new car from South central LA. He had family
21:34
Speaker 1: in East Saint Louis, and he took the detour to
21:37
Speaker 1: go to East Saint Louis. Back in the day, I'm
21:40
Speaker 1: told back in the fifties in the sixties, black people
21:45
Speaker 1: who who could buy a brand new Buick or Cadillac
21:48
Speaker 1: or whatever it was. It was a mark of distinction
21:51
Speaker 1: to be able to walk in the dealership and buy
21:52
Speaker 1: a car, just to have one. But some people to
21:56
Speaker 1: underscore their achievement. I don't get this, by the way,
22:00
Speaker 1: but it's a thing, and my dad did it. But
22:03
Speaker 1: somebody explained it to me. That's cool, but it was
22:07
Speaker 1: it was not just good enough to go to the
22:08
Speaker 1: car dealership and have the white car dealer rep to
22:12
Speaker 1: sell your car. My dad wanted to go to the
22:16
Speaker 1: factory and buy his new car, trade in his older
22:20
Speaker 1: car and buy I guess it was the dealership at
22:23
Speaker 1: the factory. I don't know. Anyway, he would drive to
22:25
Speaker 1: Detroit to buy a new car, and on the way
22:29
Speaker 1: he detoured to where my mother lived. He St Louis,
22:32
Speaker 1: where he had family and mindset. He was present enough
22:37
Speaker 1: of mine to realize he had met brilliance and elegance
22:42
Speaker 1: and somebody who would add to his life, and realized
22:46
Speaker 1: at that moment they're better together. And he married her. Well,
22:51
Speaker 1: he asked her. He said, I'm going to go back.
22:52
Speaker 1: I'm not going to Detroit. I'm going to turn around.
22:55
Speaker 1: I want to take you, want to marry you. She said, well,
22:57
Speaker 1: you got to take me and my two children, my
22:58
Speaker 1: brother I wasn't born yet, my brother, my sister. And
23:01
Speaker 1: she was being abused by her then husband, and she
23:05
Speaker 1: had a premonition that if she if she could get
23:08
Speaker 1: two thousand miles away, a premonition from God, that that
23:11
Speaker 1: would be her beacon, her signal of a new life.
23:15
Speaker 1: If she can get two thousand miles away, didn't nowhere
23:18
Speaker 1: and it just so happened that Los Angeles was about
23:21
Speaker 1: two thousand miles away. So she thought this was the
23:25
Speaker 1: message from God and said yes to my dad, and
23:28
Speaker 1: they packed up my brother, my sister, and my brother.
23:31
Speaker 1: My dad, God bless him, took my sister and my
23:33
Speaker 1: brother as if they were his own. They drove all
23:35
Speaker 1: the way back with all the furniture, and they could
23:38
Speaker 1: pack and luggage on the top of the car back
23:41
Speaker 1: to Los Angeles. And now I was born much longer
23:43
Speaker 1: time from then at Goods and Aridan Hospital. Can't make
23:46
Speaker 1: this up. In downtown La Good Samaritan Hospital. I was
23:50
Speaker 1: born there and they made a life now that worked
23:53
Speaker 1: until it didn't. And you should never make an emotional decision.
23:57
Speaker 1: Wherever you make an emotional and emotional decision, it's going
23:59
Speaker 1: to be a one. And my dad, my sister, my mother,
24:02
Speaker 1: and my father built a gas station that they owned
24:05
Speaker 1: and I built. They owned a gas station at Normandy
24:08
Speaker 1: and Vernon. For anybody who knows La listening to this
24:11
Speaker 1: in La, you know I'm talking about, it's still there.
24:13
Speaker 1: They owned an eight unit apartment building on Martin Luther
24:15
Speaker 1: King Boulevard. It was called Santa Barbara Boulevard back then
24:18
Speaker 1: they bought it for eighteen thousand dollars. She can listen
24:20
Speaker 1: to an earlier podcast as I go into deep details there.
24:23
Speaker 1: They bought a lot of stuff, owned their own home. Anyway,
24:25
Speaker 1: they lost it all because my dad can make it
24:27
Speaker 1: but couldn't keep it. He was brilliant and hard working,
24:29
Speaker 1: but not financially literate and would not ask my mother
24:32
Speaker 1: for help. He didn't realize that they were partnership and
24:35
Speaker 1: not just a romantic connection, and he can make it.
24:39
Speaker 1: He should have let her invest it. In fact, I'm
24:41
Speaker 1: gonna do a whole podcast just on how a family
24:43
Speaker 1: builds wealth. The short cheat sheet right now, mindset matters
24:46
Speaker 1: is one person should make it the other person. If
24:49
Speaker 1: there's two people working, one person makes some money for
24:51
Speaker 1: a living and the other one makes some money, makes
24:53
Speaker 1: money for a life. The first person makes money and
24:55
Speaker 1: pays your bills. Second person makes some money and invest it.
24:58
Speaker 1: There's a couple called the Kinsey family, Bernard and Shirley
25:01
Speaker 1: Kinsey in Los Angeles. He worked for Xerox. I forget
25:05
Speaker 1: what she worked, but it was, you know, it was
25:06
Speaker 1: a regular job, as I remember, and they lived off
25:10
Speaker 1: of one salary or forget which one they invested the
25:12
Speaker 1: other salary and they end up today. They have a
25:15
Speaker 1: beach house overlooking the Pacific Ocean in Rina del Ray
25:19
Speaker 1: or something like that. But just you know along the coast.
25:22
Speaker 1: They have an art exhibit and art collection and they're
25:25
Speaker 1: living their best life. So I'm telling you what works.
25:28
Speaker 1: This is a black couple. So my father made a
25:33
Speaker 1: mistake and he took the four thousand dollars that my
25:35
Speaker 1: mother had saved to send my brother to a college
25:39
Speaker 1: of his choice. And my mother said, that's it. You're
25:42
Speaker 1: not doing that to the rest of my kids. That's
25:43
Speaker 1: my oldest child. You just robbed him of his ability
25:46
Speaker 1: to go to a college of his choice and make
25:47
Speaker 1: the decisions that he wants. My brother Donnie, and you're
25:50
Speaker 1: not doing that to Manty and John John Johnny. Okay,
25:53
Speaker 1: I just told you one. My nickname was John John.
25:55
Speaker 1: And no, you don't say that to me in an airport.
25:58
Speaker 1: That was what my mother called me. My sister called me,
26:00
Speaker 1: brother call me. So she she stepped. She said, I'm out.
26:04
Speaker 1: I love you, but I'm done. And mindset. My mother
26:08
Speaker 1: was was very focused on building right and if you
26:12
Speaker 1: look at the history of marriage, it's not a romantic
26:14
Speaker 1: history that came later. It wasn't religious history that came
26:18
Speaker 1: before romantic, but it came after business. Originally, marriage was
26:24
Speaker 1: just a business arrangement going back thousands of years before
26:27
Speaker 1: God endowed it. In my opinion, I'm saying that God
26:30
Speaker 1: endowed it with certain features that gave it spiritual dimensions
26:33
Speaker 1: Jesus Christ and so on and so forth the Bible.
26:36
Speaker 1: So you do your reap, and I did it. I
26:37
Speaker 1: did a whole piece on marriage God. Listening to that
26:40
Speaker 1: podcast right by the way, I'm not I'm not saying
26:43
Speaker 1: something's better her worst. Don't get all don't start getting
26:45
Speaker 1: all alone of me and getting holy ghost. I'm just
26:47
Speaker 1: telling you that was the timeline that business, that marriage was,
26:51
Speaker 1: you know, made of man. Then God endowbed it right,
26:54
Speaker 1: and then we put a romance on it. And now
26:56
Speaker 1: all we thought, what do you think about today? Is
26:57
Speaker 1: what the romantic part of it? Whether the the looks
27:00
Speaker 1: are gonna fall away? People? All right, I don't want
27:03
Speaker 1: to get into a lot of detail here that show
27:06
Speaker 1: all that stuff will will drop and now you're left
27:12
Speaker 1: with the substance of the person, right, and and what
27:16
Speaker 1: do you got? What do you got. What do you have?
27:19
Speaker 1: Is that your business partner? Are you better together? It's
27:21
Speaker 1: a question. Okay, So my mother left my dad. My
27:26
Speaker 1: dad found my mother good decision mindset. He lost my mother,
27:30
Speaker 1: bad decision, emotions, ego, and bassior Andrew Young says, men
27:34
Speaker 1: and women fail for three reasons arrogance, pride, and greet
27:37
Speaker 1: My mother left my dad and discovered her calling raising
27:41
Speaker 1: these children, and all of them have emerged as successes
27:46
Speaker 1: in this world in different ways. And I thank my
27:49
Speaker 1: dad for what he gave, But he missed the software
27:51
Speaker 1: upgrade along the way, the human software up grade. Okay,
27:56
Speaker 1: let me get into a deep one here. My friend
27:58
Speaker 1: Mike Maples, this is very deep. This is the very
28:00
Speaker 1: definition of mindset. My friend Mike Maples is a big
28:03
Speaker 1: picture capitalist in Silicon Valley. And I asked Mike Maples,
28:07
Speaker 1: a very nice guy. He's on the board of advisors
28:10
Speaker 1: for Operation Hope. I asked him, how did you become
28:14
Speaker 1: who you are? How did you get so it become
28:16
Speaker 1: so decent, so nice. It's one of the questions I
28:18
Speaker 1: asked people occasionally when I really liked them, and they
28:21
Speaker 1: got power and money, and they could be jerks, but
28:23
Speaker 1: choose not to be And he said it was where
28:26
Speaker 1: I was raised. I said, well, tell me about your family.
28:28
Speaker 1: He said, well, my mother with the house, homemaker, so
28:31
Speaker 1: on and so forth, and you loved me and supporting him.
28:33
Speaker 1: And my dad worked for Microsoft. And I said, okay,
28:36
Speaker 1: well what do you do for Microsoft? Where He said,
28:38
Speaker 1: he works for you know, he worked for Bill Gates.
28:39
Speaker 1: I said, well, technically everybody worked for Bill Gates. What
28:42
Speaker 1: did he do? Like? Was he fifteen levels below? Was
28:45
Speaker 1: he on a loading dock? What did he do? You know?
28:48
Speaker 1: At Microsoft? He says, well, he he ran products. Well
28:53
Speaker 1: what do you mean he ran it? Well, he was
28:54
Speaker 1: the president of the product division. Oh so he really
28:56
Speaker 1: worked for Bill Gates? Like literally yes, he very humble guy.
29:03
Speaker 1: So I said, okay, what for that kind of achievements.
29:06
Speaker 1: That's a special mind. It's a special brain. It's a
29:10
Speaker 1: special mindset. So you're no accident how you got here.
29:15
Speaker 1: Success is intentional failures too. By the way, how tell
29:20
Speaker 1: me an example of how your dad thought? Now, please
29:23
Speaker 1: everybody listen to this. This is so deep. He said, Well,
29:27
Speaker 1: one example is I had this business and I was nine, ten, eleven,
29:31
Speaker 1: twelve years old with this business and I grew this
29:34
Speaker 1: business and it was very successful. And I don't remember
29:36
Speaker 1: exactly what the business is. It's not really all that important.
29:39
Speaker 1: But I grew this business, and let's just say it's
29:41
Speaker 1: let's just say for the sac of conversation, it was
29:43
Speaker 1: a gaming business. I grew this business as a young man,
29:45
Speaker 1: and I was selling whatever and people were buying it,
29:48
Speaker 1: and I was very successful. I'm twelve years old and
29:51
Speaker 1: I go to my dad very excited and say, Dad, Dad,
29:55
Speaker 1: I'm going to sell my company to Disney. And Dad
29:59
Speaker 1: was disappointed. Now let's stop here and be honest. If
30:04
Speaker 1: your child came to you and said they want to
30:06
Speaker 1: start a business, would you be impressed. Yes, they want
30:10
Speaker 1: to grow the business. They stuck with it. Yes, it
30:12
Speaker 1: was successful and profitable at nine, ten, eleven, twelve years old,
30:16
Speaker 1: you'd be impressed, right, Yes, if your child came to you.
30:20
Speaker 1: Let's be honest. Now, your child came to you and said,
30:24
Speaker 1: I'm going to sell this company to Disney, wouldn't you
30:26
Speaker 1: just be cheering and take them to Chick fil A
30:28
Speaker 1: or know. I'm trying to think of all the kids places.
30:31
Speaker 1: Stop laughing at me. I see you guys laughing. TGI
30:34
Speaker 1: Fridays there. You know, I can't say red lobster. They're
30:39
Speaker 1: gone chuck egeez. That's what I was thinking about. You'd
30:44
Speaker 1: be excited, right, Mike's dad was pissed, upset. We don't
30:51
Speaker 1: think like that in this family. I'm disappointed in you,
30:55
Speaker 1: Mike Junior. Don't you ever come to me with mess
30:58
Speaker 1: like that. That's not how I raised you, That's not
31:01
Speaker 1: how I built you. We don't raise children around here
31:05
Speaker 1: to sell their company to Disney. We raised children around
31:09
Speaker 1: here to use their company to buy Disney. Just wrecked
31:15
Speaker 1: your car, just spell off your bike, just walked off
31:19
Speaker 1: the walking trail into a wall. I apologized, But that
31:25
Speaker 1: was a drop. The mic that man so shaped Mike
31:31
Speaker 1: Maple's expectation. He is one of the top ten tech
31:34
Speaker 1: venture capitalists in the country, certainly one of the top
31:39
Speaker 1: ten in the Silicon Valley. Don't trust me. Search his
31:43
Speaker 1: name yourself. Unbelievable. That's not accidental, that's intentional. He's now
31:48
Speaker 1: funding businesses, buying businesses, building businesses, but nobody's buying him.
31:54
Speaker 1: Success is intentional. Mindset matters. I've already covered a decision making.
32:00
Speaker 1: Now let me talk about something that's very specific. I
32:03
Speaker 1: want you to write this down. It's from my book.
32:06
Speaker 1: I want you to go get Financial Literacy for all,
32:08
Speaker 1: my most recent book. That's number one. That's I think
32:11
Speaker 1: financial literacy is the civil rights issue this generation. But
32:13
Speaker 1: I want you to now to focus on from my
32:16
Speaker 1: book Up from Nothing, which is the book before this one,
32:19
Speaker 1: and the book before this one was called The Memo,
32:21
Speaker 1: And the book before that one is The Memo is
32:24
Speaker 1: everything no one talked to you about how success really works.
32:26
Speaker 1: The book before that one is How the Poor Can
32:28
Speaker 1: Save Capitalism. I could bring that book to Forward today
32:31
Speaker 1: and attach it to the Dee and I debate. By
32:34
Speaker 1: the way, you'll be hearing more from me about that
32:36
Speaker 1: in the future, because I think that people who are
32:38
Speaker 1: attacking de and I are just wrong on the facts.
32:42
Speaker 1: The book before that was Love Leadership. The book before
32:44
Speaker 1: that was Banking on Our Future, my first book. Three
32:49
Speaker 1: of those books are national bestsellers. This last one is
32:53
Speaker 1: the biggest bestseller debut on USA Today Bestseller List number
32:57
Speaker 1: one and nonfiction number twelve overall, Publishers Weekly number one
33:01
Speaker 1: and nonfiction number nine overall, and retains itself. It's number
33:04
Speaker 1: one in business financial on Amazon. Go Get it. Now
33:07
Speaker 1: here are the five pillars of success. Number one massive education,
33:14
Speaker 1: as much education, and shoved down your throat. That was
33:17
Speaker 1: a President Johnson quote, Go get as much education as
33:20
Speaker 1: you can shove down your throat. You can never be
33:21
Speaker 1: smart enough. But once you have education, no one can
33:24
Speaker 1: take it from you. Now, when I mentioned these five pillars,
33:26
Speaker 1: think now, none of this has to do anything to
33:27
Speaker 1: do with money. I'm talking about building wealth. Now. I'm
33:30
Speaker 1: talking about you becoming not just rich, not just doing well,
33:33
Speaker 1: not just successful financially. I'm talking about building generational wealth
33:39
Speaker 1: that lasts wealth beyond your generation into the next one.
33:43
Speaker 1: I'm talking about what it takes. It takes the right mindset.
33:46
Speaker 1: Seventy percent of all those who finish their NBA contracts,
33:52
Speaker 1: about seventy percent our bankrupt financially broke in five years.
33:58
Speaker 1: And sixty seventy percent of those in the NFL and
34:02
Speaker 1: NBA are bankrupt within five years and worse with the
34:08
Speaker 1: NFL that contract. And I love the NFL. I have
34:11
Speaker 1: a partnership with the NFL. My friend Roger Goodell, et cetera,
34:15
Speaker 1: et cetera. I'm all good, and we have a partnership
34:16
Speaker 1: with them. At Operation No. But that contract maybe a
34:20
Speaker 1: fifty million, but you're guaranteed only the signing bonus and
34:22
Speaker 1: how many games you play. So if you bust your
34:25
Speaker 1: knee out in year two on a five year contract,
34:28
Speaker 1: that's it. So you better plan that money right. But
34:31
Speaker 1: a lot of these players are living just paycheck to paycheck,
34:35
Speaker 1: and the vast majority of those who win the lottery
34:39
Speaker 1: go bankrupt within a few years after let's call it
34:42
Speaker 1: five I think the number seventy percent, but it's just
34:47
Speaker 1: the vast majority of those who win the lottery. So
34:49
Speaker 1: just making money is not is not enough. Mindset matters.
34:52
Speaker 1: I've often said that if you give a homeless man
34:55
Speaker 1: a million dollars and that's all you do, he or
34:59
Speaker 1: she will be broke within a year. If nothing changes
35:04
Speaker 1: here your mind, nothing changes here, your heart and your soul.
35:06
Speaker 1: Nothing's going to change here. In your hands, in your pockets,
35:09
Speaker 1: or your feet. You're gonna walk right into a financial wall.
35:12
Speaker 1: Because if you don't know better, you can't do better.
35:14
Speaker 1: There's an old Southern saying, no matter how much I
35:16
Speaker 1: love you, my son or my daughter, if I don't
35:18
Speaker 1: have wisdom, I can only give you my own ignorance.
35:21
Speaker 1: So out of love. We pass down bad habits from
35:24
Speaker 1: generation to generation and hurt people. Hurt people. Somebody can
35:27
Speaker 1: love you and give you horrible advice. Massive education. When
35:31
Speaker 1: you know better, you do better. You see books all
35:32
Speaker 1: around my study, if you're looking at my videos. You
35:36
Speaker 1: see me on CNBC or on any of the network TV.
35:38
Speaker 1: You see me in my home studio, books everywhere. I'm
35:41
Speaker 1: just passionate about learning. You don't hang around dumb people.
35:45
Speaker 1: Number two understanding the numbers. Financial literacy. When you know better,
35:50
Speaker 1: you do better. I think financial literacy is a civil
35:52
Speaker 1: rights issue of this generation. Good financial literacy forra and
35:54
Speaker 1: go to opportunity for coaching. Accountling. Number three Family structure
35:57
Speaker 1: and resiliency nuclear families. One of the best way to
36:01
Speaker 1: build wealth is to get married and stayed married. And
36:03
Speaker 1: if you can't you're not sure you're gonna stay married,
36:05
Speaker 1: then try not to get married. Now. You could also
36:09
Speaker 1: get married and decide that that's not a good fit
36:11
Speaker 1: for you. And if this person is not helping you,
36:13
Speaker 1: if two plus two does not equal six, eight or ten,
36:15
Speaker 1: I don't advocate just staying there forever, because it's gonna
36:21
Speaker 1: be embarrassing to your friends and your family. If you
36:22
Speaker 1: break up forget all that can Who cares if somebody
36:25
Speaker 1: else thinks about your life? I told you when not
36:27
Speaker 1: went out to my self esteem depends on your acceptance
36:30
Speaker 1: of me. Your life is your life. You gotta love you.
36:33
Speaker 1: You have to have self esteem, and you gotta know
36:36
Speaker 1: what's gonna help you build in your life. And if
36:38
Speaker 1: you made a mistake, fix it quick, miss quick. Don't
36:43
Speaker 1: spend twenty thirty forty years in regret. You're just gonna age.
36:47
Speaker 1: A lot of disease is disase. Mindset matter, Energy matters.
36:54
Speaker 1: Whether you believe you can, whether you believe you can't,
36:57
Speaker 1: You're absolutely right. Number one one is a five pillars
37:01
Speaker 1: of success. In my book, Up from Nothing, Massive education
37:03
Speaker 1: number two, understanding the numbers, financial literacy number three and
37:06
Speaker 1: how financial wealth, creation, capitalism, free enterprise works number three,
37:10
Speaker 1: Family structure and resiliency number four. Self esteem and confidence.
37:14
Speaker 1: Those two things are different. Self esteem is how I
37:17
Speaker 1: esteem myself. If I don't like me, I'm not gonna
37:20
Speaker 1: like you. If I don't love me, I don't expect
37:22
Speaker 1: me to love you. If I don't respect me, how
37:24
Speaker 1: can I respect you? If I don't have a purpose
37:26
Speaker 1: in my life, I'll make your life a living hell.
37:28
Speaker 1: Whatever goes around comes around and hurt people. Hurt people.
37:33
Speaker 1: A lot of the press folks running around here, a
37:35
Speaker 1: lot of toxic people, a lot of negative people. Takes
37:37
Speaker 1: a lot of muscles to frown, very few muscles to smile.
37:40
Speaker 1: Find somebody who's smiling. Because whether you believe you can
37:43
Speaker 1: or whether you believe you can't, is I keep saying
37:45
Speaker 1: you're right. You hang around nine bro people, you'll be
37:47
Speaker 1: the tent. Mindset matters. Self esteem is how you esteem.
37:50
Speaker 1: Yourself confidence is based on confidence. You can be confident
37:54
Speaker 1: about something and because of that you have confidence and
37:56
Speaker 1: still have low self esteem. There's somebody running for national
37:59
Speaker 1: office right now who has low self esteem. They're insecure,
38:02
Speaker 1: they're full of fear. They've got power, money and position
38:05
Speaker 1: in the world. Now you guess who I'm talking about.
38:08
Speaker 1: I didn't say anybody's name. Role models. If you don't
38:12
Speaker 1: watch How You Live your Life, then you won't understand
38:16
Speaker 1: that that may be the only bible to anybody else reads.
38:19
Speaker 1: Watch How You Live your Life. It may be the
38:22
Speaker 1: only bible that anybody else reads. People model what they see.
38:29
Speaker 1: Give folks something different and positive to see. The three mindsets.
38:36
Speaker 1: I believe this is from my book the Memo, but
38:39
Speaker 1: I might have mentioned it also up from nothing, the
38:41
Speaker 1: three mindsets. Oh I did it. It was up from nothing,
38:44
Speaker 1: a surviving mindset. If you got too much month at
38:48
Speaker 1: the end of your money, if you're depressed, if you're distressed,
38:50
Speaker 1: and I believe half this world is depressed. I believe
38:52
Speaker 1: seventy eighty percent of Black Americans, African Americans are clinically
38:56
Speaker 1: undiagnosed depressed. My people because we went through slavery and
38:59
Speaker 1: Jim Crow and been hating on us almost four hundred years.
39:02
Speaker 1: Is crazy. This country, this nation is two thirds of
39:04
Speaker 1: our nation, our national history history, maybe three fourths of
39:07
Speaker 1: our national history is enslaved. Two hundred and fifty plus
39:10
Speaker 1: years of a four hundred year old history deals with enslavement.
39:15
Speaker 1: And how can that not mess with your head. You're
39:17
Speaker 1: gonna have PTSD, You're gonna have depression and have identity issues.
39:20
Speaker 1: You're gonna have self esteem issues, you know, maybe even
39:22
Speaker 1: self hate issues. I don't know. You know, this is
39:24
Speaker 1: the only thing I cannot scientifically yet prove. I'm still
39:27
Speaker 1: looking at the data, but well, what I know from
39:29
Speaker 1: my observation just dealing with our people is that all
39:32
Speaker 1: black is not the same. I'm doing our whole podcast
39:34
Speaker 1: just on this short version of this. Go to my
39:37
Speaker 1: Instagram feed and go look at the thing where I
39:39
Speaker 1: talk about jobs and income by ethnic group in America,
39:44
Speaker 1: and it'll blow you away. There's like a eight hundred
39:46
Speaker 1: thousand views of this on MA and Charlemagne's pages. Where
39:50
Speaker 1: you think white will be at the top is not.
39:52
Speaker 1: White's in the middle and whites below Nigerian now African
39:56
Speaker 1: Americans at the bottom, literally at the bottom. So how
39:59
Speaker 1: can it after Americans at the bottom? Black poor whites
40:02
Speaker 1: in there towards the bottom, right right, think right next
40:05
Speaker 1: to close to African Americans, Latinos are in there, so
40:08
Speaker 1: on and so forth. All right, but white Americans are
40:10
Speaker 1: right in the middle, and then above that are Nigerian uh,
40:14
Speaker 1: Nigerians who came to America. Okay, they're black, right, and
40:18
Speaker 1: then you got Indians at the top, they're brown. So
40:23
Speaker 1: race is a factor, but race is not the only thing.
40:27
Speaker 1: Mindset is. And I'm gonna get all into this. I'm
40:29
Speaker 1: gonna do a whole podcast just on this is black
40:32
Speaker 1: and black the same, right, And I'm gonna break it down.
40:36
Speaker 1: We're amazing people. We've been doing so much with so
40:39
Speaker 1: little for so long. We can almost do anything with nothing.
40:41
Speaker 1: We're amazing people. But surviving is not enough. And you
40:44
Speaker 1: and we have we have majored in a surviving mindset.
40:47
Speaker 1: We got red rooms all over the country, fighting police brutality,
40:50
Speaker 1: fighting racism, fighting discrimination. But none of that fighting pays.
40:54
Speaker 1: The bill pays, the mortgage builds wealth. We need to
40:56
Speaker 1: we need to build to have the red rooms in place,
40:59
Speaker 1: civil rights and put some new green rooms in place,
41:02
Speaker 1: silver rights, access, the capital, access, the internships, apprenticeships. All right,
41:07
Speaker 1: our artificial intelligence opportunities, you know, wealth creation opportunities, small
41:10
Speaker 1: business creation, entrepreneurship. We get our higher education, like we
41:15
Speaker 1: need green rooms that get us up the in up
41:18
Speaker 1: the ladder to success. This is the aspiration generation cannot
41:21
Speaker 1: get an amen. Surviving mindset. All right, let me let
41:26
Speaker 1: me get to the I'm running out of time for
41:28
Speaker 1: this podcast. Surviving mindset. That's a lot of people expers
41:31
Speaker 1: in what they're against, and I like what I'm doing
41:33
Speaker 1: much better than what you're not doing. See, there you go,
41:35
Speaker 1: there's John Brian again. I'm very consistent. Right again, I
41:38
Speaker 1: can choose to be negative. I just don't remember the
41:40
Speaker 1: last time I was right. I can find a rainbow
41:43
Speaker 1: after most storms, right, I can see the positive and motion,
41:45
Speaker 1: you can you can't even grow through it. About legitimate suffering,
41:47
Speaker 1: that's biblical. And by the way, the Bible says in
41:50
Speaker 1: proverbs to be poors, not to not have anything, not
41:52
Speaker 1: to be poors, not to not do anything, and lazy
41:56
Speaker 1: hands make a man poor. Can I get an amen?
42:00
Speaker 1: So then you have a thriving mindset. That's a middle
42:02
Speaker 1: class mindset. That's a getting mindset, getting access, getting a job,
42:04
Speaker 1: getting a career, getting a promotion, getting a vacation, you know,
42:08
Speaker 1: getting accepted to a club in fraternity. It's all good.
42:11
Speaker 1: It's middle class. And then the third mindset is a
42:13
Speaker 1: building mindset, and building builders are winners. Winners are builders.
42:17
Speaker 1: Builders are entrepreneurs like me, and we are crazy. We're nuts.
42:21
Speaker 1: We believe all things are possible. Okay, well we've come
42:35
Speaker 1: to the end of this situation. I think I dropped
42:40
Speaker 1: the mic a couple of times. I think we made
42:42
Speaker 1: the point that in order to be successful, you've got
42:45
Speaker 1: to not just have the money, not just have access
42:47
Speaker 1: to the capitol, and not just have a great idea,
42:50
Speaker 1: a great business, great hustle. You have to have the
42:52
Speaker 1: right mindset. I was at dinner last night with my
42:56
Speaker 1: wife Shaeitra, and it was a late dinner. Was you know,
42:59
Speaker 1: it was close to midnight because I had on a
43:02
Speaker 1: Saturday two speeches. And I could have complained about that
43:05
Speaker 1: and wine and moan or could say that, you know,
43:08
Speaker 1: I've got high class problems, and God gave me relevancy
43:10
Speaker 1: and a chance to make a difference and just accept
43:13
Speaker 1: that and be thankful. So I went to my first
43:14
Speaker 1: speech and did that and went to my second that
43:16
Speaker 1: was for Van Jones on artificial intelligence here in Atlanta.
43:19
Speaker 1: I went to my AI academy, went to this an operation.
43:22
Speaker 1: Hope did that help him with the AI Ethics Council
43:24
Speaker 1: which is coming by the way, my work with Sam Aultman.
43:26
Speaker 1: Then I went to the second speech. I went to
43:28
Speaker 1: my office, worked a little bit, when changed clothes, took
43:31
Speaker 1: seed on. Went to the second speech on Saturday night
43:33
Speaker 1: for the Black Coffee Company, which I, you know, talked
43:36
Speaker 1: about earlier and to encourage other investors to double down
43:41
Speaker 1: with them and encourage them. And so anyway, we went
43:45
Speaker 1: to a late dinner and I'm sitting there wait for
43:47
Speaker 1: my wife to show to come from the she went
43:49
Speaker 1: to the restroom to wash her hands and whatever. And
43:51
Speaker 1: his brother walks over to me and I could see
43:53
Speaker 1: him oy the side of my eye, and I sort
43:55
Speaker 1: of know what this is now. You know, he's about
43:58
Speaker 1: to approach me, which is all good. I don't mind.
44:01
Speaker 1: And he said, look, my guy, he did like a
44:04
Speaker 1: you know in these celebrity things that you know, where
44:06
Speaker 1: the rock star, the celebrity dude sends somebody else over
44:11
Speaker 1: with a message. It's crazy. So he says to his
44:14
Speaker 1: my buddy over here has a finance company. Black guy,
44:17
Speaker 1: all of them are black, and he wants to come
44:20
Speaker 1: talk business with you. That's okay. I said, well, you know,
44:22
Speaker 1: I'm sort of so I waved the dude right the
44:25
Speaker 1: other guy. I say hello to the guy in front
44:27
Speaker 1: of me. They're five feet from me. I wave the
44:29
Speaker 1: other guy. He just sort of barely nods like he's
44:31
Speaker 1: some rock star. Okay, whatever, whatever, whatever fumes you're on,
44:35
Speaker 1: whatever you're tripping on, that's is your right. But I'm
44:38
Speaker 1: really unimpressed. Now, So I'm impressed with the dude who
44:40
Speaker 1: came over to me. He's very respectful, is it. Look,
44:42
Speaker 1: I'm on the day with my wife. I hope you
44:43
Speaker 1: don't mind. I'm not gonna I'm an interested talking business
44:45
Speaker 1: right now, He said, no problem, much respect, and he
44:49
Speaker 1: always goes over. Now, what the move would have been
44:52
Speaker 1: for the other guy is for him to got get
44:54
Speaker 1: his lazy rear in up, sorry, get his tail up.
44:58
Speaker 1: And because love is work. None love is lazy, his
45:00
Speaker 1: anti lover is evil. Evil exists, but it's very rare.
45:02
Speaker 1: Most people are just lazy, intellectually lazy, spiritually lazy, emotionally lazy,
45:06
Speaker 1: financially lazy. They want somebody else to do the work.
45:10
Speaker 1: He could have got up said to his lady, excuse me, baby,
45:12
Speaker 1: I want to go say hello to him. Come over,
45:14
Speaker 1: shook my hand, look me in the ia. Man. I
45:16
Speaker 1: heard what you said. All good. I should come over
45:19
Speaker 1: myself to begin with my bad You know, I respect.
45:22
Speaker 1: You're out of date, so a week, you know, I
45:24
Speaker 1: just you know, whatever, respect your work, whatever. I hope
45:26
Speaker 1: we can catch up sometimes later I would have said,
45:28
Speaker 1: what's your name? I would that would have been, That
45:30
Speaker 1: would impress me. I would remember him and maybe even
45:33
Speaker 1: if given him my information to connect with me later
45:35
Speaker 1: or one of my you know, senior leaders in my office.
45:38
Speaker 1: But he missed that whole memo. He missed the opportunity
45:40
Speaker 1: because what Ambassador Young said is so true. Men and
45:43
Speaker 1: women fail for three reasons. Arrogance, pride, in greed, mindset.
45:47
Speaker 1: It wasn't about whether he had a successful business or
45:49
Speaker 1: all that stuff. You know, whether he's making money, I
45:51
Speaker 1: could kill that's where he's making money. I don't want
45:53
Speaker 1: your money. I got my own, all right. All money
45:55
Speaker 1: is his freedom, and I got the freedom to not
45:56
Speaker 1: be interested. Hello. But he wanted to combine attitude because
45:59
Speaker 1: I wouldn't talk talk to him. So he didn't say
46:01
Speaker 1: anything to me for the rest of the evening, and
46:02
Speaker 1: I could care less. And when he got up, I
46:05
Speaker 1: just thought it was a test. When he got up,
46:06
Speaker 1: I thought he'd stop over. I hoped he would for
46:09
Speaker 1: his sake, not mine. Did he stop over say yo, man,
46:12
Speaker 1: blah blah blah blah, or you know something? Nothing ignored
46:16
Speaker 1: me walked out the door because I would not speak
46:18
Speaker 1: to him earlier. You're not hurting me. You're hitting examples
46:24
Speaker 1: like that as you're hitting your face against my fists.
46:27
Speaker 1: I'm not trying to pick a fight emotionally, intellectually with anybody.
46:30
Speaker 1: I'm just saying that wasn't the right way to handle it.
46:32
Speaker 1: You won the battle and the loss of the war.
46:33
Speaker 1: I don't even know where you won the battle. Don't
46:34
Speaker 1: even not sure what the battle was. I was in
46:36
Speaker 1: minding my own business, having dinner. You did hurt my
46:37
Speaker 1: feelings one little bit, but you didn't get my information,
46:40
Speaker 1: you didn't get my number, you didn't get my help.
46:42
Speaker 1: You didn't We're not gonna do business. And I don't
46:43
Speaker 1: remember you. I don't even remember you. I remember the
46:46
Speaker 1: first guy. I will not remember the second, not in
46:49
Speaker 1: a positive way. Nobody owes you anything. Stop walking around entitled.
46:54
Speaker 1: Like the story of the young lady I mentioned earlier
46:56
Speaker 1: in the trending topic who her girlfriends thought that that
47:00
Speaker 1: boy owed her all expense freight anyway, I don't want
47:04
Speaker 1: to pee. This frustrates me to even think about it. Okay,
47:06
Speaker 1: here's a fan question. This was a good podcast, wasn't it.
47:09
Speaker 1: It wasn't boring. Here's Purple Indian woman. Purple Indian woman
47:13
Speaker 1: from Instagram Purple Indian Women. What are the best options
47:17
Speaker 1: for my two children, my two daughters to start saving
47:20
Speaker 1: and investing now age twenty five and sixteen. First of all,
47:23
Speaker 1: I'm glad you don't think it's too late at twenty
47:25
Speaker 1: five to start investing in sixteen. Certainly it's not too late.
47:27
Speaker 1: The answer to this question, Purple Indian woman on Instagram
47:31
Speaker 1: is the best option for your two daughters is now
47:34
Speaker 1: and with you. It's not about whether it's an index
47:37
Speaker 1: fund or this, or stocks at real estate or fractual investing,
47:41
Speaker 1: or bitcoin or cr cryptocurrency or whatever it is you
47:45
Speaker 1: want to do starting a business, Grather, It's important that
47:48
Speaker 1: they do it with you. Get this book and read
47:50
Speaker 1: it with them, assign chapters to them. Let's come back
47:53
Speaker 1: and have a family meeting about money, because the lights
47:56
Speaker 1: don't come on by themselves. Have a discussion about this
47:58
Speaker 1: every week about money around financial Listen for all, I
48:01
Speaker 1: want to see that book dog haired and beat up
48:03
Speaker 1: and the page is ripped and highlighted right, and you
48:06
Speaker 1: want to start a conversation, have dinner together what a
48:08
Speaker 1: concept once again once a week and have a kitchen
48:11
Speaker 1: conversation about money using the book as a discussion starter.
48:15
Speaker 1: And try to keep the spaghetti in the in the
48:17
Speaker 1: ribs off the rib juws of off the book, and
48:21
Speaker 1: then let them see how you roll. Let show them
48:25
Speaker 1: your four oh one t account, show them your real
48:27
Speaker 1: estate portfolio, show them your bills, like, let them model
48:30
Speaker 1: what you do, because we model what we see. That's
48:35
Speaker 1: the most important thing you can do for your child
48:37
Speaker 1: is to be the role model that they want to be,
48:40
Speaker 1: because that's who they see in the world. You want
48:43
Speaker 1: to find a good man. Yeah, the generalization, I'm generalizing,
48:46
Speaker 1: but this is uh, this is mostly true. And yes,
48:49
Speaker 1: their exception this rule. So don't pick a fight with
48:51
Speaker 1: me saying I know examples where this is not the case.
48:54
Speaker 1: I know you do. You want to find a good woman,
48:57
Speaker 1: Find a woman who's got a great relationship with her dad.
48:59
Speaker 1: You want to find good man, Find a man who's
49:01
Speaker 1: got a good relationship with his mother. They are exceptions,
49:04
Speaker 1: is these rules. But what you and you really want.
49:08
Speaker 1: You know, when I talk to somebody and I'm looking
49:11
Speaker 1: at them and their eyes are clean, and they're they're positive,
49:14
Speaker 1: they're looking at me, I can tell they had a
49:16
Speaker 1: mom and a dad, or I can tell that a strong,
49:19
Speaker 1: ulture strong mom or an ultra strong dad that really
49:22
Speaker 1: grounded them and balance out the fact that the other
49:25
Speaker 1: mate wasn't there you really, Mom and dad, But you can.
49:28
Speaker 1: You can over index like my mother did. My dad
49:30
Speaker 1: did it when I was with him and when I
49:32
Speaker 1: moved for my mother to be with him. So give
49:34
Speaker 1: him credit. But my mother really was a grounding sense situation.
49:38
Speaker 1: And she was a single mother, just like seventy percent
49:40
Speaker 1: of all black households. And she told me she loved
49:42
Speaker 1: me every day of my life, and I believed it. So, look,
49:45
Speaker 1: you can survive, you can chill and still succeed. But
49:49
Speaker 1: why would you want to right? Why you don't want
49:52
Speaker 1: to survive. You want to thrive and you want to win.
49:55
Speaker 1: And stop saying these kids that you a baby daddy
49:57
Speaker 1: and you a baby mama. Right, you're messing up these
49:59
Speaker 1: kids its head, messing with their self esteem. Say you're
50:02
Speaker 1: a mommy, you're the mother or their father, and you're
50:04
Speaker 1: proud of them. When they screw up, you say, I'm
50:07
Speaker 1: mad at you. I'm upset with you. You future lawyer, you
50:12
Speaker 1: future entrepreneur, you future business owner, you future engineer. I'm
50:15
Speaker 1: upset with you, and I'm gonna hold you accountable. Now,
50:18
Speaker 1: let's go to dinner. I'm gonna hold you accountable. And
50:20
Speaker 1: here's your penalty for screwing up. Kids need love and accountability,
50:25
Speaker 1: love and responsibility. You can't just you can't just let
50:28
Speaker 1: kids walk away from their own accountability. You end up
50:31
Speaker 1: with punks, you know, with a mess on your hands.
50:34
Speaker 1: You you need to They need to learn the word. No.
50:36
Speaker 1: You're not their best friend, you're their parent. Oh on,
50:38
Speaker 1: let me get me started. It's a whole nother podcast,
50:40
Speaker 1: John O'Briant, This has been good, This has been saucy.
50:44
Speaker 1: Let me know what you think. Pass it on, share
50:47
Speaker 1: it with friends. Let's change the world. I want the
50:49
Speaker 1: whole network of podcasts to be something you can give
50:51
Speaker 1: to a new family. You know, a new mother, a
50:54
Speaker 1: new father, somebody going to college, somebody entering high school,
50:57
Speaker 1: somebody starting a new career, somebody's resetting their life, somebody
51:02
Speaker 1: who's sick and tired of being sick and tired. And
51:05
Speaker 1: it can be a university in your pocket and in
51:08
Speaker 1: your ear. I love you, John O'Brien, Get the book,
51:13
Speaker 1: subscribe to the podcast through your friends, and tell your
51:15
Speaker 1: friends subscribe. Go to Operation op, get the services, get
51:18
Speaker 1: your coaching scholarship and change your life. Love and light
51:22
Speaker 1: them out and go get your black coffee, Tell him
51:25
Speaker 1: I sent you. Money and Wealth with John O'Brien is
51:42
Speaker 1: a production of the Black Effect Podcast Network. For more
51:45
Speaker 1: podcasts from the Black Effect Podcast Network, visit the iHeartRadio app,
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Speaker 1: Apple Podcasts, or wherever you listen to your favorite shows.