Latest / Money And Wealth With John Hope Bryant / Hunters, Skinners, and Cooks: The Hidden Architecture of Wealth

Transcript

Hunters, Skinners, and Cooks: The Hidden Architecture of Wealth · Money And Wealth With John Hope Bryant

• 0:00
  Speaker 1: Welcome to Money and Wealth with John O'Bryant, a production
• 0:03
  Speaker 1: of the Black Effect Podcast Network and iHeartRadio.
• 0:13
  Speaker 2: Here in the United States and around the world.
• 0:15
  Speaker 1: Welcome to my next episode, and thank you for making
• 0:21
  Speaker 1: this one of the most popular entrepreneurship and business podcasts
• 0:26
  Speaker 1: in the country and by extension, around the world as well. Okay,
• 0:30
  Speaker 1: let's get into this week's topic. This is a powerful
• 0:35
  Speaker 1: topic about mindset that's going to connect with money. A part,
• 0:41
  Speaker 1: a large part of getting you into the right zone
• 0:45
  Speaker 1: so that you can score is getting you out of
• 0:49
  Speaker 1: the wrong lane so you don't end up in a ditch.
• 0:51
  Speaker 1: So I want to first start by talking about why
• 0:59
  Speaker 1: I talk about certain things in my speeches and my
• 1:03
  Speaker 1: straight talk live videos on social media, the short clips
• 1:09
  Speaker 1: Why talk about certain things?
• 1:11
  Speaker 2: An interview to.
• 1:14
  Speaker 1: Bluntly dispel myths that I believe are hurtful to you
• 1:19
  Speaker 1: and those you love. And our community broadly define our community,
• 1:25
  Speaker 1: our family, broadly define the human family, our specific families
• 1:30
  Speaker 1: that keeps you from winning.
• 1:32
  Speaker 2: I want you to knock it off.
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  Speaker 1: I want you to stop doing things that are dead
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  Speaker 1: ends and to start doing things that are bridges, that
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  Speaker 1: are highways, that are byways, that are free ways that
• 1:43
  Speaker 1: are on ramps to your prosperity. And so that just
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  Speaker 1: sometimes means dealing with blunt truths. And when I say
• 1:54
  Speaker 1: don't hang around with broke people, I'm not talking about money.
• 2:00
  Speaker 1: I've been broke, right. I have been in places. I
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  Speaker 1: mean I was homeless, right. My mom and dad did
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  Speaker 1: not have money. Many times they divorced over money. They
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  Speaker 1: were broke, but they wasn't They weren't poor, right. There's
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  Speaker 1: a differ difference between being broke and being poor. Being
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  Speaker 1: broke is economic, but being poor is a disabling frame
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  Speaker 1: of mind, a depressed condition of your spirit. You must
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  Speaker 1: vow never ever, ever to be poor again. I'm trying
• 2:29
  Speaker 1: to get you out of a poverty mindset. I'm trying
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  Speaker 1: to get you from hanging around people who are broken
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  Speaker 1: in spirit because they see the glass of life as
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  Speaker 1: half empty, and you need to see it as half full.
• 2:40
  Speaker 1: Because whether you believe you can or whether you believe
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  Speaker 1: you can't, you're absolutely right. Mindset matters. In fact, here's
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  Speaker 1: another egg. I'm going to break all forms of poverty
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  Speaker 1: other than what I call all sustenance poverty. Roof over
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  Speaker 1: your head, food on the table, and reasonable health care,
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  Speaker 1: which I believe almost should be just human rights, things
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  Speaker 1: that everybody should make sure are provided to them by society,
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  Speaker 1: by our governments, by our infrastructure.
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  Speaker 2: All other forms of poverty beyond that our mindset, assuming
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  Speaker 2: that you're capable and able bodied.
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  Speaker 1: Of course, if you are disabled, you have a handicap here,
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  Speaker 1: you have some limitation, then that's a different situation than family, society, others, love, friends,
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  Speaker 1: loved ones have a responsibility to help you if you
• 3:39
  Speaker 1: cannot help yourself. But we're talking here about presumably able body,
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  Speaker 1: self directed individuals. So all forms of poverty other than
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  Speaker 1: sustenance poverty, roof over your head, reasonable health care, food
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  Speaker 1: on the table, etc.
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  Speaker 2: All other forms of poverty or mindset.
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  Speaker 1: That's why I have said, if you give a homeless man,
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  Speaker 1: and I've been homeless, by the way, I was economically
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  Speaker 1: homeless when I was around eighteen years of age, if
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  Speaker 1: you give a homeless man or woman a million dollars
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  Speaker 1: and do nothing else, change nothing else, they'll be broken
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  Speaker 1: six months. It sounds controversial, it sounds I guess crew,
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  Speaker 1: it's not crew. It's me just saying this is a desk.
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  Speaker 1: I'm just talking about a material fact that your your arms,
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  Speaker 1: your legs, your movements, your decisions are gonna follow your mindset. Okay,
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  Speaker 1: somebody says I'm gonna break another egg here. Well, John,
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  Speaker 1: I stop talking about all this capitalism stuff. Just give
• 4:34
  Speaker 1: me the money. I have two things to say about that.
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  Speaker 1: I'm talking to me about capitalism, free enterprise, self determination.
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  Speaker 1: Just give me the money. John, All right, let's try
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  Speaker 1: that number one. Take all the wealth in the world,
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  Speaker 1: mine and others that's been hard work for and develop
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  Speaker 1: through mindset and you know, hard work and industry and achievement.
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  Speaker 1: Let's take all the wealth in the world and all
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  Speaker 1: the wealth creation in the world and just give it
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  Speaker 1: away to everybody. Distribute to everybody in the world equally,
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  Speaker 1: and what will happen in three to five years the
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  Speaker 1: wealth builders will have it back. Because if nothing changes
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  Speaker 1: here in your mind, nothing's going to change here in
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  Speaker 1: your heart and your soul, nothing going to change here
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  Speaker 1: in your hands, your feet, and ultimately in your pockets.
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  Speaker 1: That even if you want to distribute money like a socialist,
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  Speaker 1: you got to first collect it like a capitalist. That
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  Speaker 1: God helps those who help themselves. Even the Bible says
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  Speaker 1: and proverbs to be poor is not to not have anything.
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  Speaker 1: To be poor is to not to not do anything.
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  Speaker 1: And lazy hands make a man poor. That's biblical. We
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  Speaker 1: somehow fail to talk about that part of the Bible.
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  Speaker 1: The Bible, by the way, talks about money more than
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  Speaker 1: it talks about any single other topic, more than two
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  Speaker 1: thousand mentions. Capitalism is well, Money's not evil. To start there,
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  Speaker 1: it's the love of money that's evil. Okay, Capitalism in
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  Speaker 1: and of itself is not bad. It's bad capitalism, right,
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  Speaker 1: and good capitalism is where I benefit and you benefit
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  Speaker 1: more right, Bad capitalism is where I benefit you pay
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  Speaker 1: a price for it. Slavery, prostitution, criminality. We can go
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  Speaker 1: on and on, gaming the system, the subprime mortgage crisis
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  Speaker 1: of two thousand and eight, so on and so forth,
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  Speaker 1: transactional activities that are taking in nature. Right where I
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  Speaker 1: believe that you can do well and do good. I
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  Speaker 1: believe you can do well by doing good. I believe
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  Speaker 1: that my life is but one example of not perfect,
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  Speaker 1: highly imperfect. I've made mistakes. I've made one today, I'm sure.
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  Speaker 1: But I think trajectory wise, we have shown you can fall.
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  Speaker 1: Even when you fall, you fall forward, that you can
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  Speaker 1: be honest, have integrity, run a decent, honorable business, treat
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  Speaker 1: people fairly, leave society better, and build something worthy of support.
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  Speaker 1: Build wealth for yourself and for others, my god, even community.
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  Speaker 1: So now we've broken some of those eggs, some of
• 7:34
  Speaker 1: the negatives, and let me deal with another one real quickly.
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  Speaker 2: I've talked about in some of my straight talk videos.
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  Speaker 1: That that we've over romanticized relationships. And look at the
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  Speaker 1: baseline of this philosophy, of this belief is that whatever
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  Speaker 1: decision you make emotionally is going to be a bad decision, right.
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  Speaker 1: And so if you are in a relationship ship let's
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  Speaker 1: call it a loving or romantic relationship, and your primary,
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  Speaker 1: or God forbid, your only criteria for that relationship is
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  Speaker 1: my gosh, she's fine or he's handsome, then you're going
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  Speaker 1: to win the battle and lose a war. You're going
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  Speaker 1: to be rearranged in the deck chairs on the Titanic.
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  Speaker 1: The ship is sinking and you're picking drapes. It's bound
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  Speaker 1: to fail. How could it not. You've invested your time
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  Speaker 1: and attention to something that is transitory, temporary, and is
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  Speaker 1: going to fall away. Quite literally, the looks are going
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  Speaker 1: to fade and the body's going to fall away, and
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  Speaker 1: what do you have left that marriage before it was
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  Speaker 1: even before we romanticized it, before God made it endowed
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  Speaker 1: it with spiritual dimensions. Three thousand years before the story
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  Speaker 1: of Christ, there were stories around the world of marriage,
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  Speaker 1: and it was basically a business arrangement. It was asset protection,
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  Speaker 1: wealth creation, so on and so forth. In fact, early marriages,
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  Speaker 1: oftentimes the husband and wife you want to call them
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  Speaker 1: the adjoined group. That people have different terminologies, even for.
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  Speaker 2: The beloved.
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  Speaker 1: The husband and wife didn't even sleep in the same domicile.
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  Speaker 1: They didn't sleep in the same bed. You'll find a
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  Speaker 1: lot of stories in Europe during the Middle Ages where
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  Speaker 1: they're married couples and they slept in quote separate castles
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  Speaker 1: end quote. So I'm not saying that you should do
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  Speaker 1: away with your romantic beliefs, of course not. You should
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  Speaker 1: love who you're with, but make sure they're not a dummy.
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  Speaker 1: You know, I love a lot of people, but I
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  Speaker 1: don't want to be in a relationship with them. I mean,
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  Speaker 1: I love my it's family members. I want loan money to.
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  Speaker 1: I mean, I'll give them some money, but like I
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  Speaker 1: loan them some money, it's it's I mean that is
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  Speaker 1: asking for trouble. They've proven themselves incapable of managing financial affairs.
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  Speaker 1: Other people in my family and my love circle are
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  Speaker 1: very capable. They get certain other considerations. I love everybody,
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  Speaker 1: but against one is charity and one is a proper
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  Speaker 1: business relationship. So when you again, I joke, when you
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  Speaker 1: go to the club after a long week, you know,
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  Speaker 1: you go to the club and you hang it out
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  Speaker 1: and you say, oh my.
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  Speaker 2: Gosh, she's fine, Oh he's handsome. What's your credit score? Right?
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  Speaker 1: And I'm joking, but I'm serious because you've just if
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  Speaker 1: you select the right partner, that's not just your love partner,
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  Speaker 1: your a manic partner. Now you're hanging partner, you're right
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  Speaker 1: or die partner, your fun partner. That's your business partner.
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  Speaker 1: And if you do it right for life and you
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  Speaker 1: should be better together. Now we're starting to make the
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  Speaker 1: pivot right from what you should be a discussion about
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  Speaker 1: what you're against to what you're for. Your partner should
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  Speaker 1: make you better. You can do bad all by yourself.
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  Speaker 1: The late Quincy Jones, my dear brother and friend, once
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  Speaker 1: told me, John, the only thing worse and being alone
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  Speaker 1: is wishing that you were he's correct. You can do
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  Speaker 1: bad all by yourself. Two plus two in a relationship
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  Speaker 1: should not be addition, should be multiplication, multiplication meaning you
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  Speaker 1: should be better together.
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  Speaker 2: Two plus two should equal six, eight or ten. Oh
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  Speaker 2: what are you doing?
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  Speaker 1: So let me now talk about this segment as we
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  Speaker 1: pivot into hunters, skinners, and cooks. The hidden architecture of wealth.
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  Speaker 1: Let's start with it, then, an easy one. Married couples
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  Speaker 1: are someone who's married is exponentially more likely to be
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  Speaker 1: wealthy and to build wealth on balance over time than
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  Speaker 1: someone who's single. That doesn't mean you can't do a
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  Speaker 1: wealth single clearly, but you get the right partner and
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  Speaker 1: it's a rocket shit. I'm gonna get into what I
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  Speaker 1: mean by that, but let me now define three threes.
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  Speaker 2: Right.
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  Speaker 1: The first threes are kinds of relationships. So you have
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  Speaker 1: what I call a giver and a giver, and that's exotic.
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  Speaker 1: You have a giver and a taker. That's neurotic. You
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  Speaker 1: have a taker and a taker, well, that's psychotic. And
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  Speaker 1: guess which relationships you don't want or shouldn't want. The
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  Speaker 1: ladder two most? What are the most relationships we end
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  Speaker 1: up with the ladder two? If you're listening to this
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  Speaker 1: as you're working out or commuting, or cooking, or going
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  Speaker 1: about your life, or even better, sitting with family members
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  Speaker 1: and a weekly family meeting, or sitting with your boys
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  Speaker 1: at the barbershop, or sitting with your girls and.
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  Speaker 2: Sorority meeting, or.
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  Speaker 1: Around family members that you think are aspirational and want
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  Speaker 1: to do better. I'm going to suggest that you're probably
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  Speaker 1: the giver in a relationship and somebody else is probably
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  Speaker 1: the taker. Well, that's a relationship. You need to at
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  Speaker 1: least re evaluate what you want. Ideally, Yes, life is
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  Speaker 1: not perfect. Don't let the perfect become the death of
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  Speaker 1: the good. But you don't want to intentionally create a
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  Speaker 1: situation where you can't win.
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  Speaker 2: So I have.
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  Speaker 1: Worked very diligently to remove toxicity in toxic people out
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  Speaker 1: of my life.
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  Speaker 2: Some people didn't want to go right.
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  Speaker 1: The word personality comes from the latter word persona, which
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  Speaker 1: means to perform. So your personality is literally your performance
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  Speaker 1: you're putting on for the world. Doesn't mean it's a lie,
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  Speaker 1: it just means that's what we're doing. It's a step
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  Speaker 1: remove from yourself. So you just need to make sure
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  Speaker 1: that the people that are close to you are putting
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  Speaker 1: on an honorable performance. Right, and again, I'm going it
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  Speaker 1: goes back to a giver, and a giver is exotic.
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  Speaker 1: A given to taker is neurotica taker and taker psychotic.
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  Speaker 1: That a positive person. I can't guarantee that being positive
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  Speaker 1: is going to make you a success, but I absolutely
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  Speaker 1: guarantee you that being negative is in time going to
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  Speaker 1: make you fail. So make sure you curate your environment.
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  Speaker 1: You hang around nine broke people, you'll be the tenth.
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  Speaker 1: Now these things are starting to weave together, maybe it
• 14:35
  Speaker 1: starts to make more sense to you. And the opposite
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  Speaker 1: is also true. By the way, it's compounding. Right, you
• 14:42
  Speaker 1: make money during the day, you build wealth in your sleep.
• 14:44
  Speaker 1: It's not just a financial term. It's education, it's aspiration,
• 14:48
  Speaker 1: it's mindset. I wake up every day with the intention
• 14:53
  Speaker 1: of being better than I went to bed last night.
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  Speaker 2: Are better than I was yesterday.
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  Speaker 1: So today is an accumulation everything I learned and everything
• 14:59
  Speaker 1: I evolved through yesterday and how I ended up today.
• 15:02
  Speaker 1: It would sleep and rest. So I have a map
• 15:06
  Speaker 1: that I follow, a graph, and maybe i'll I'll add
• 15:09
  Speaker 1: it to some of the social media that comes with
• 15:12
  Speaker 1: the clips that come with my weekly podcast, But it's
• 15:16
  Speaker 1: every day. It's vision, mission, strategy, plan, tactics to dos
• 15:27
  Speaker 1: two done's assessment, evaluation, reimagination based on the evaluation, reset
• 15:36
  Speaker 1: based on the evaluation, and reimagination, reset right, and then
• 15:43
  Speaker 1: refine vision. It's a software upgrade. We should all be
• 15:46
  Speaker 1: attempting to have software upgrades in our lives all the time.
• 15:51
  Speaker 1: You should always endeavor to meet a better version of
• 15:55
  Speaker 1: yourself when.
• 15:55
  Speaker 2: You get that iPhone. I have an iPhone seventeen pro.
• 15:58
  Speaker 1: I love it, but once i it, immediately within two
• 16:01
  Speaker 1: weeks I got a notice from Apple, Hey, it's time
• 16:05
  Speaker 1: you plug your phone in because it's time for a
• 16:08
  Speaker 1: download of our you know, seventeen point five, seventeen point three,
• 16:12
  Speaker 1: seventeen point seventeen point one, and then you know now
• 16:15
  Speaker 1: this eighteen point something that the phone just came out.
• 16:17
  Speaker 1: They don't even begrudge themselves with perfection. They realize that
• 16:24
  Speaker 1: all you can do is all you can do, and
• 16:26
  Speaker 1: you can adjust as you go, So don't have the
• 16:28
  Speaker 1: perfect become the death of the good. Remember, a saint
• 16:31
  Speaker 1: is a center that got up. We're all, to quote
• 16:33
  Speaker 1: my father in law, doctor David Dalton, angels with dirty
• 16:37
  Speaker 1: faces and by the way my wife, Shater Bryant, who
• 16:41
  Speaker 1: has a credit score better than me, by the way,
• 16:43
  Speaker 1: and is smarter than me in many areas. And I
• 16:46
  Speaker 1: focus on wealth, she focuses on health. I make pretty
• 16:50
  Speaker 1: good decisions around money and all that kind of stuff.
• 16:52
  Speaker 1: I make the house, she turns into a home. Okay,
• 16:55
  Speaker 1: I build the wealth and she makes sure is the
• 16:57
  Speaker 1: health in a way that sustains our life. So again,
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  Speaker 1: are you better together? Does your partner clearly make you
• 17:06
  Speaker 1: a better human being, a better leader? So here's some
• 17:09
  Speaker 1: So I give you some foundational pip. Now let's go
• 17:16
  Speaker 1: into the second three group. I gave you the first
• 17:18
  Speaker 1: three group of the type of relationship capital you should
• 17:23
  Speaker 1: want around you, and I could spend a tire podcast
• 17:26
  Speaker 1: just on that, but I want to cover a lot
• 17:27
  Speaker 1: of ground here. Now this is a segment topic here,
• 17:31
  Speaker 1: Hunter Skinner Cook. These are the three categories that I
• 17:36
  Speaker 1: want you to focus on in total in your life
• 17:40
  Speaker 1: as a framework. After you've gotten the right relationship capital,
• 17:44
  Speaker 1: right energy around you, the right team, the right special
• 17:48
  Speaker 1: forces team. Once you know you've got that, now let's
• 17:51
  Speaker 1: talk about the roles and responsibilities. So every successful family,
• 17:57
  Speaker 1: every winning partnership, every great business, every great community advocacy activity,
• 18:08
  Speaker 1: including the civil rights movement by the way that my
• 18:11
  Speaker 1: mentor Ambassador Andrew Young helped to lead with doctor King.
• 18:14
  Speaker 1: And it will start making sense to you when I
• 18:16
  Speaker 1: give you these analogies of who is playing which roles
• 18:20
  Speaker 1: or which instruments if you're thinking about it, an orchestra assembly,
• 18:25
  Speaker 1: an orchestra organization, But every successful family, winning, partnership, group, business, etc.
• 18:32
  Speaker 1: And frankly, every civilization that has ever lasted has three
• 18:36
  Speaker 1: kinds of people, essentially, a hunter, a skinner, and a cook.
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  Speaker 1: The hunter goes out and secures the bag they find opportunity,
• 18:51
  Speaker 1: create momentum. The skinner protects the bag, analyzes it, organizes it,
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  Speaker 1: counts it, manages it, and make sure it lasts. And
• 19:05
  Speaker 1: the cook delivers turns vision and resources into something real,
• 19:10
  Speaker 1: valuable and excellent. Here's the problem. Most of us were
• 19:18
  Speaker 1: never taught. This is what we're not dumb and we're
• 19:22
  Speaker 1: not stupid. Is what we don't know that we don't
• 19:25
  Speaker 1: know but we think we know. Is an old Southern saying,
• 19:28
  Speaker 1: no matter how much I love you, my son or
• 19:30
  Speaker 1: my daughter, if I don't have wisdom, all I can
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  Speaker 1: give you is my own ignorance. So out of love,
• 19:36
  Speaker 1: we pass down bad habits from generation to generation out
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  Speaker 1: of love and good intentions.
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  Speaker 2: Good intentions are not enough alone. Love is not enough.
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  Speaker 1: You need knowledge, you need applied knowledge, and you need
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  Speaker 1: a good business plan to apply that knowledge and that
• 19:54
  Speaker 1: love with and against and two we were taught to hustle.
• 20:00
  Speaker 1: That's what surviving mindset does. That was a seventh book
• 20:03
  Speaker 1: coming out next year called Capitalism for All on the
• 20:06
  Speaker 1: two hundred and fiftieth anniversary of America. The book before
• 20:09
  Speaker 1: that was Financial Literacy for All, which is a bestseller
• 20:11
  Speaker 1: right now. Thank you all who supported that book been
• 20:13
  Speaker 1: on the bestseller in this category for going on two
• 20:16
  Speaker 1: years now. The book before that was Up from Nothing.
• 20:19
  Speaker 1: The book from that was The Mimo. There's seven books, right,
• 20:24
  Speaker 1: goes on goes on how the poor can save capitalism, love,
• 20:27
  Speaker 1: leadership back in our future probably this one. But the
• 20:32
  Speaker 1: book the Memo talks about mindsets, right, and a surviving
• 20:39
  Speaker 1: mindset is what we see in the neighborhood, the struggling
• 20:43
  Speaker 1: neighborhoods where we grow up in and that's where you
• 20:46
  Speaker 1: see a five unner credit score, and that's why you
• 20:49
  Speaker 1: see a check cash or next to a payday loan lender,
• 20:51
  Speaker 1: next to a rental owned store, next to a title lender,
• 20:54
  Speaker 1: next to a liquor store, next to a pawn shop,
• 20:57
  Speaker 1: and a church down the street. That's your neighborhood therapist
• 21:00
  Speaker 1: trying to make you sure you don't go crazy. Go
• 21:02
  Speaker 1: postal once a week, right, and you know, talk to
• 21:07
  Speaker 1: black people, my people. I said, you know what, you
• 21:10
  Speaker 1: should go see a psychologists. Go see a therapy of
• 21:12
  Speaker 1: a therapist. Over this gets some helping. Oh, I don't
• 21:14
  Speaker 1: want to go to a therapist. I don't know a psychologists.
• 21:16
  Speaker 1: Somebody might think I'm crazy. My joke, joking response, sort
• 21:20
  Speaker 1: of slightly serious. If you black in America, don't think
• 21:23
  Speaker 1: you're crazy, you are crazy. Right, So the church is
• 21:27
  Speaker 1: playing that role plus plus because the spirituality is the
• 21:31
  Speaker 1: base of everything. We're not human beings having a spiritual experience,
• 21:34
  Speaker 1: where spiritual beings having a human experience, but we have
• 21:38
  Speaker 1: unfortunately normalized very much like through coaching, through counseling, spirituality switch.
• 21:45
  Speaker 1: Spirituality and the love of God rise up or sneaks
• 21:48
  Speaker 1: up upon you and you start to see his or
• 21:50
  Speaker 1: her value. Bad things sneak up on you in broad
• 21:55
  Speaker 1: daylight and we normalize it like check Casher's paid a
• 21:58
  Speaker 1: loan l and there's rental own stores. These business in
• 22:00
  Speaker 1: and of themselves, by the way, are not evil, like
• 22:03
  Speaker 1: money's not evil. But if they're in a neighborhood designed
• 22:06
  Speaker 1: to prey upon a vulnerable population who's depressed, distressed in
• 22:14
  Speaker 1: a surviving mindset, well that's a different thing.
• 22:17
  Speaker 2: So most of us were never.
• 22:18
  Speaker 1: Taught the framework that I am outlining for you in
• 22:23
  Speaker 1: this podcast episode. In the rest of the series that's
• 22:27
  Speaker 1: now covering two years going on two years now, are
• 22:31
  Speaker 1: my Straight Talk Live series or the books that I've written,
• 22:34
  Speaker 1: or what the work that Operation Hope does. No one's
• 22:36
  Speaker 1: ever taught you this, and no one's ever taught to
• 22:38
  Speaker 1: you financial literacy, which I believe is a civil rights
• 22:41
  Speaker 1: issue of this generation. If you don't know better, you
• 22:42
  Speaker 1: cannot do better. We were taught to hustle, we were
• 22:47
  Speaker 1: taught to dream, but we were not taught how to
• 22:53
  Speaker 1: actually win and how winning works. Nobody eats if everybody
• 23:02
  Speaker 1: nobody builds wealth, if nobody manages the money, and nobody
• 23:08
  Speaker 1: succeeds long term, if nobody delivers excellence in the organization.
• 23:15
  Speaker 1: In this sense of a family you can think about
• 23:18
  Speaker 1: what I just talked about. There, the excellence delivery person,
• 23:22
  Speaker 1: the product delivery person, the cook is whoever the domestic
• 23:27
  Speaker 1: engineer is, the mother or the father who stays home
• 23:31
  Speaker 1: and takes care of the children and helps to raise them.
• 23:33
  Speaker 1: You're delivering a product probably the primary product of the family.
• 23:38
  Speaker 2: Right.
• 23:38
  Speaker 1: Whoever manages the family budget is in this case the skinner.
• 23:49
  Speaker 1: And whoever goes and pulls in the paycheck, the income,
• 23:53
  Speaker 1: close the deals, whatever, that person's the hunter. Guess which
• 23:56
  Speaker 1: one I am. By the way, my wife calls me
• 23:58
  Speaker 1: a double alpha read red red red red. Well, that's
• 24:05
  Speaker 1: what I'm good at, right, And here's and and here's
• 24:09
  Speaker 1: another thing that I can tell you about a relationship.
• 24:12
  Speaker 1: You can have somebody who makes some money and spends it, Okay,
• 24:16
  Speaker 1: and maybe if if you're single, that then that you're
• 24:18
  Speaker 1: doing both roles. You can you can have somebody who
• 24:21
  Speaker 1: make who who who manages the money and spends it.
• 24:27
  Speaker 1: But you can't not have somebody who just spends it. Okay,
• 24:30
  Speaker 1: I'll say it again. You can have somebody who makes
• 24:31
  Speaker 1: some money and spends it, but the presumpt presumption is
• 24:35
  Speaker 1: that they're managing it or in a relationship. You have
• 24:37
  Speaker 1: somebody who makes the money and I'm sorry, somebody else
• 24:39
  Speaker 1: who who who manages the money and spends it. But
• 24:43
  Speaker 1: what you cannot have is just somebody who just spends
• 24:45
  Speaker 1: the money. Again, look at the quality of your relationships
• 24:48
  Speaker 1: and whether you've got a giver her or a taker
• 24:52
  Speaker 1: right next to you. Right, don't don't don't blame it
• 24:55
  Speaker 1: on me. I'm just don't point and say John told
• 24:58
  Speaker 1: you to get into a fight tonight. I'm just saying
• 25:03
  Speaker 1: you can work this stuff out through conversation communication. Even
• 25:07
  Speaker 1: if somebody is being a taker, they may not know
• 25:10
  Speaker 1: they're being a taker. That may be how they were
• 25:12
  Speaker 1: raised and maybe just it, just maybe habit, maybe circumstances.
• 25:17
  Speaker 1: Maybe they ever surviving mindset when they need to be
• 25:19
  Speaker 1: having a building, winning mindset. Right, there's surviving, thriving and
• 25:23
  Speaker 1: building mindset. That's from my book, the memo. So getting
• 25:26
  Speaker 1: back to this, it's not about blame. This is about correction.
• 25:29
  Speaker 1: This is about repair and healing. You can't heal if
• 25:34
  Speaker 1: you don't deal. I'm repeat this now. Nobody eats if
• 25:38
  Speaker 1: everybody hunts, nobody builds wealth, if nobody manages the money,
• 25:42
  Speaker 1: and nobody succeeds long term if nobody delivers excellence. This
• 25:46
  Speaker 1: relates to relationships, partnerships, businesship, business and business ships. It
• 25:52
  Speaker 1: relates to everything, church, nonprofits, for profits. By the way,
• 25:57
  Speaker 1: don't trust me. Apply this to what ever you're thinking about,
• 26:01
  Speaker 1: and do you tell me whether you think I'm right
• 26:03
  Speaker 1: or not. Clubs, your organizations, your fraternities, your sororities, okay,
• 26:08
  Speaker 1: and how they manage. And once you understand the framework,
• 26:13
  Speaker 1: you start to see why families thrive some families thrive,
• 26:20
  Speaker 1: and why some businesses scale. And you begin to see
• 26:25
  Speaker 1: why others, just as talented struggle and fail. And many times,
• 26:32
  Speaker 1: while it may be racial or some kind of bias
• 26:35
  Speaker 1: or prejudice on the front end of what got people
• 26:38
  Speaker 1: there to a point where they're inclined to fail, the
• 26:42
  Speaker 1: failure itself is not in and of itself racial, in
• 26:46
  Speaker 1: and of itself biased, because you're in control, whoever the
• 26:50
  Speaker 1: you is, of what you do with what you have
• 26:53
  Speaker 1: to work with at that moment. I often say that
• 26:55
  Speaker 1: people of color, minorities, women, etc. We've been doing so
• 26:58
  Speaker 1: much with so little for so long. We can almost
• 27:01
  Speaker 1: do anything with nothing, including poor whites. By the way,
• 27:03
  Speaker 1: it's more poor whites than poor anybody else. But struggle
• 27:07
  Speaker 1: enough is not struggle alone, I'm sorry, is not enough.
• 27:11
  Speaker 1: You need a business plan, as I said earlier, attached
• 27:15
  Speaker 1: to it, and consider me your economic plumber, consider me
• 27:19
  Speaker 1: the community's economic plumber. I'm trying to put the plumbing
• 27:22
  Speaker 1: back into a system, or into a system that's.
• 27:25
  Speaker 2: Never had it.
• 27:26
  Speaker 1: Talent galore, but no north star and a map and
• 27:30
  Speaker 1: a roadmap and a plan to get there. Today, I
• 27:33
  Speaker 1: want to talk about about mindset, wealth, relationships, and character
• 27:42
  Speaker 1: and how aligning the right people in the right roles
• 27:45
  Speaker 1: with the right values is the difference between surviving and winning. Okay,
• 27:52
  Speaker 1: so let's now get into the three rows. Right, you
• 27:58
  Speaker 1: should write this down, you should take notes, you should
• 28:00
  Speaker 1: go back and listen to this with those you love. Right,
• 28:03
  Speaker 1: this is literally a masterclass hunter. Again, that's me, and
• 28:10
  Speaker 1: oftentimes I have to play several roles, but that's at
• 28:12
  Speaker 1: very least me. They are opportunity finders. They are in
• 28:18
  Speaker 1: the roles like sales, deals, vision, momentum.
• 28:23
  Speaker 2: One of the strengths they have is growth.
• 28:26
  Speaker 1: They are obsessed with growth, the risk of chaos, ego, overspending,
• 28:34
  Speaker 1: because well, they think they can do anything an entrepreneur
• 28:39
  Speaker 1: jumps out of an airplane and builds a parachute on
• 28:43
  Speaker 1: the way down. I mean, an entrepreneur works eighteen hours
• 28:47
  Speaker 1: and eight keep getting a job. An entrepreneur believes they
• 28:49
  Speaker 1: can do anything. You know, business leaders builders, Sometimes the ego,
• 28:53
  Speaker 1: the confidence gets away from us and we need something
• 28:58
  Speaker 1: to root us. Right by the way, in a family
• 29:01
  Speaker 1: A talking about a family situation. If it's a couple,
• 29:03
  Speaker 1: when they're both you're both working. Try to create a
• 29:06
  Speaker 1: situation where one person earns the money with their income,
• 29:10
  Speaker 1: paycheck or whatever right, the other person you invest the
• 29:13
  Speaker 1: money with their income or paycheck or whatever right. So
• 29:18
  Speaker 1: one's making a living paying for that, the other one's
• 29:21
  Speaker 1: building wealth investing in that. There's the Bernard Shirley Kinsey
• 29:27
  Speaker 1: afri American family out of California. He was an executive
• 29:30
  Speaker 1: of Xerox and she was raising Khalil. The kids name
• 29:34
  Speaker 1: their child's name, their son, and they literally built from
• 29:39
  Speaker 1: a working class and middle class family up to a
• 29:42
  Speaker 1: multimillion dollar situation with an incredible art collections now touring
• 29:47
  Speaker 1: the country, and incredible wealth of the house overlooking a
• 29:50
  Speaker 1: cliff in Lord Malibu. Built all this on these principles
• 29:54
  Speaker 1: that I'm talking about. I'm not talking to them, I'm
• 29:56
  Speaker 1: just giving them as an example. So shout out to
• 29:58
  Speaker 1: Bernard and Shirley Kinsey in their family. You should research
• 30:01
  Speaker 1: them as a model for this. They did it from
• 30:05
  Speaker 1: the execut talking about one person. Bernard made the money right,
• 30:08
  Speaker 1: and he paid the bills. And then surely with with
• 30:11
  Speaker 1: the income she was creating and some excess money from
• 30:14
  Speaker 1: you know, the Bernard Kinsey didn't need to pay bills,
• 30:18
  Speaker 1: she invested it right and uh and that compounding created wealth.
• 30:24
  Speaker 2: Of two lifeestimes.
• 30:28
  Speaker 1: Hunters create momentum, but momentum without discipline can destroy you.
• 30:33
  Speaker 1: M let's talk about the skinner. By the way, I
• 30:38
  Speaker 1: think your relationships also should have a red in the blue.
• 30:41
  Speaker 1: And this is this is gender neutral. A red is
• 30:45
  Speaker 1: the fire truck Ferrari kick kick career. In take names,
• 30:49
  Speaker 1: move followed lead followed the head, Get the heck out
• 30:51
  Speaker 1: of the way. Uh, go go go do do do
• 30:55
  Speaker 1: get get get make nick make the leader the driver
• 30:59
  Speaker 1: of the car. Guess which one I am? And the
• 31:01
  Speaker 1: blue is the passenger of the car. Down Conter on
• 31:04
  Speaker 1: a on a rainy Sunday afternoon. The nurturer the fireplace,
• 31:09
  Speaker 1: the fire pit, the warmth, the down, the support base,
• 31:15
  Speaker 1: the person that nests That makes it all okay, that
• 31:18
  Speaker 1: brings purpose and meaning to everything that's being so called
• 31:22
  Speaker 1: pioneered here. You need not one or the other, you
• 31:25
  Speaker 1: need both. And if you have both that people are alphas,
• 31:29
  Speaker 1: both reds. You put fire in the fire, you create
• 31:32
  Speaker 1: an inferno. Which you need to do is put water
• 31:34
  Speaker 1: on fire and create a little bit of steam, maybe
• 31:36
  Speaker 1: a little bit of positive heat.
• 31:37
  Speaker 2: But you need to put that fire out. And so
• 31:40
  Speaker 2: you really.
• 31:43
  Speaker 1: These rows again are not gender specific, but you need
• 31:47
  Speaker 1: to figure out what your strength is and what your
• 31:49
  Speaker 1: partner strength is, whether it's business or personal relationships. Uh
• 31:53
  Speaker 1: and organizationally, who is doing what? And make sure you
• 31:57
  Speaker 1: aren't stepping on each other's lines. Just quote an acting metaphor.
• 32:02
  Speaker 1: Let's talk about the skinner now organizer, protector, manager, budgeting,
• 32:08
  Speaker 1: credit systems, risk, strength, sustainability, risk, fear, paralysis, no growth.
• 32:23
  Speaker 1: They don't want things to go wrong. They don't they're
• 32:25
  Speaker 1: afraid of the boogeyman. They're afraid thing is going to
• 32:27
  Speaker 1: go wrong with this banker came and taught financial literacy
• 32:32
  Speaker 1: to me when I was nine years old. And you
• 32:33
  Speaker 1: know that story. And I said to the banker, what
• 32:37
  Speaker 1: do you do for a living? He taught me this
• 32:39
  Speaker 1: financial literacy course in company. He said, I'm a banker,
• 32:41
  Speaker 1: and our finance entrepreneurs. I said, I don't know what
• 32:44
  Speaker 1: an entrepreneur is, but it was legal, and you're financing it.
• 32:47
  Speaker 2: I'm going to be one. That's what I am. Today.
• 32:49
  Speaker 1: Bankers keep the entrepreneur out of the ditch. Well, countants
• 32:54
  Speaker 1: and lawyers do too, but the bank the banker is
• 32:57
  Speaker 1: putting parameters hopefully around that entrepreneurs yest and energy. Well,
• 33:02
  Speaker 1: the banker doesn't it accounts in the and the lawyers
• 33:06
  Speaker 1: are going to tell that entrepreneur you shouldn't do this,
• 33:08
  Speaker 1: should do that, maybe don't do this, don't do that.
• 33:10
  Speaker 1: The entrepreneur's job is to is to is to listen
• 33:14
  Speaker 1: to and to be boundles within boundaries, but to ignore
• 33:18
  Speaker 1: the vision that the banker and the accountant and the
• 33:20
  Speaker 1: lawyer don't understand. Also, because that entrepreneur's job is to
• 33:24
  Speaker 1: drive growth. That's his or her strength. So the banker
• 33:27
  Speaker 1: needs the entrepreneur. The entrepreneur needs the bankers. You understand that, right.
• 33:31
  Speaker 1: The wife needs a husband, The husband needs a wife. Right,
• 33:34
  Speaker 1: but stop stop stop dismissing each other's role, or stepping
• 33:38
  Speaker 1: on each other's mission and mandate, or and or or
• 33:44
  Speaker 1: maligning or disrespecting somebody. You just don't understand. Their role
• 33:51
  Speaker 1: is different. It's not better for worse, it's just different.
• 33:57
  Speaker 1: So that skinner is going to be risk averse. So
• 34:02
  Speaker 1: there's gonna be a little constructive friction between the skinner
• 34:04
  Speaker 1: and the hunter right at again rightly, So that constructive
• 34:07
  Speaker 1: friction calls conversation called discussion in a relationship, and through
• 34:11
  Speaker 1: that relationship you find the right balance.
• 34:15
  Speaker 2: Here's your key tie ins.
• 34:18
  Speaker 1: This is where credit score lives, right, because you can
• 34:23
  Speaker 1: balance all this risk out if you know your if
• 34:25
  Speaker 1: your credit score is high above seven hundred ideally, then
• 34:29
  Speaker 1: you know you're not taking undue risk because you're paying
• 34:31
  Speaker 1: your bills.
• 34:31
  Speaker 2: You're sort of keeping it all in balance.
• 34:34
  Speaker 1: H And that credit score at a high credit score allows
• 34:36
  Speaker 1: you to access prime credit. And there's no billionaire, millionaire, multimillionaire, city, municipality, county, state, country,
• 34:44
  Speaker 1: company that didn't do it without the help of good debt.
• 34:49
  Speaker 2: Right, So good.
• 34:50
  Speaker 1: Debts tied is something that appreciates bad debt type, something
• 34:53
  Speaker 1: that depreciates, giving you a lot of stuff. In one
• 34:56
  Speaker 1: podcast episode, there's going to be a masterclass. So you
• 35:00
  Speaker 1: do you want to be an access prime capital, right?
• 35:04
  Speaker 1: That's power. A good skinner doesn't kill the dream. They
• 35:10
  Speaker 1: make sure it survives again. You may make the house,
• 35:16
  Speaker 1: your partner turns it into a home. It's just about
• 35:18
  Speaker 1: roles and responsibilities. Everybody's doing their part. The cook, it's execution,
• 35:26
  Speaker 1: excellence and reputation. It's product service, customer experience, the strength
• 35:35
  Speaker 1: of this role, trust and value.
• 35:40
  Speaker 2: What's the risk burnout? Being undervalued?
• 35:46
  Speaker 1: That domestic engineer in the householders raising their kids feels
• 35:50
  Speaker 1: that their partner doesn't give them sometimes the credit that
• 35:53
  Speaker 1: they deserve. So stop and celebrate them, acknowledge them because
• 35:57
  Speaker 1: they're doing one of the hardest jobs on the planet.
• 36:01
  Speaker 1: But the cook oftentimes is undervalued. Ambassador Andrew Young was
• 36:06
  Speaker 1: in many ways both the skinner and the cook in
• 36:09
  Speaker 1: the civil rights movement. More so the skinner, but the
• 36:13
  Speaker 1: play occasionally he was a cook also. But doctor King
• 36:16
  Speaker 1: in that example was the hunter and he got all
• 36:18
  Speaker 1: the attention. But doctor King realized he needed an Andrew
• 36:22
  Speaker 1: Young and a credit. Scott King, and you know doctor
• 36:27
  Speaker 1: Dorthy hyde, and all the heroes and she ros in
• 36:29
  Speaker 1: the movement had roles to play. So you don't build
• 36:35
  Speaker 1: wealth on ideas, you build it on delivery our as
• 36:40
  Speaker 1: my friend, the CEO of Gallup, former CEO Gallup, chairman
• 36:45
  Speaker 1: of Gallup once told me, Uh, he said, John, an
• 36:49
  Speaker 1: innovation without a customer next to it, it is not
• 36:53
  Speaker 1: a business.
• 36:54
  Speaker 2: Uh. And he was correct. Jim Clifton is his.
• 37:03
  Speaker 1: I've now covered a lot of ground about these key
• 37:08
  Speaker 1: roles and responsibilities. I've talked to you about a giver
• 37:11
  Speaker 1: to giver, and that's compounding trust growth. Right, a giving
• 37:18
  Speaker 1: or taker burnout resentment. That's where these leads to right
• 37:23
  Speaker 1: A taker or taker leads to collapse. And repeat that,
• 37:26
  Speaker 1: A given to giver leads to compounding trust and growth.
• 37:31
  Speaker 2: What did I say?
• 37:32
  Speaker 1: You make money during the day, you buill wealth and
• 37:33
  Speaker 1: your sleep. You start to get all this. This just
• 37:35
  Speaker 1: started to come together. We're gonna do this in less
• 37:38
  Speaker 1: than forty minutes. Change your world in less than forty minutes.
• 37:40
  Speaker 1: Share this, Share this episode with everybody you know, repeat rents, repeat,
• 37:46
  Speaker 1: play it over because again, if you don't hear it
• 37:49
  Speaker 1: a dozen times in your head, it may not ring true.
• 37:52
  Speaker 1: It may not bake in. This is literally everything other
• 37:57
  Speaker 1: stuff builds on this. You go in different directions, but
• 38:00
  Speaker 1: if this is your foundation, then you begin to start
• 38:04
  Speaker 1: sort of making the right choices and decisions a giver,
• 38:08
  Speaker 1: and a giver leads to compounding of trust and growth.
• 38:13
  Speaker 1: And I believe wealth physical wealth, health wealth, spiritual wealth,
• 38:16
  Speaker 1: emotional wealth, psychological wealth, real wealth, relationship, capital changes, endorphins
• 38:22
  Speaker 1: in your brain change. You become more positive anyway, and
• 38:26
  Speaker 1: that's why I think you live longer. By the way,
• 38:28
  Speaker 1: if you live in a five under credit score neighborhood,
• 38:30
  Speaker 1: you lived sixty one years of age on average. That's
• 38:32
  Speaker 1: our Whope Financial Wellness Index. Thank you experience for that
• 38:35
  Speaker 1: data that you give us in the Census Bureau. If
• 38:39
  Speaker 1: you live in a seven hundred credit coord neighborhood, fifteen
• 38:42
  Speaker 1: minutes apart. By the way, typically in urban communities across
• 38:45
  Speaker 1: this country, we have evaluated through our Hope Index, you
• 38:48
  Speaker 1: live to eighty one years of age. So for every
• 38:51
  Speaker 1: fifty point increase in your credit score, you're living another
• 38:54
  Speaker 1: five years. That's not about the credit score, it's a
• 38:57
  Speaker 1: trending indicators of wealth, hope, well being, belief, confidence, trust, optimism, right,
• 39:05
  Speaker 1: which is affecting everything else. Again, whether you believe you
• 39:08
  Speaker 1: can or whether you believe you can't, you're right again.
• 39:10
  Speaker 1: A giver and a taker leads to burnout resentment from
• 39:13
  Speaker 1: the person doing the giving. By the way, a taker
• 39:15
  Speaker 1: or taker just leads to collapse. The relationship just comes unglued, unglued.
• 39:20
  Speaker 1: It's just it's transactional, and it's selfish, and it's not sustainable.
• 39:24
  Speaker 1: And I want you to step over mess, not in it.
• 39:27
  Speaker 1: I don't want you to rearrange the deck chairs and
• 39:29
  Speaker 1: the titannic. The ship is sinking and you picking drapes.
• 39:32
  Speaker 1: I want that for you. You cannot out earn bad relationships.
• 39:40
  Speaker 1: I'm gonna repeat that, you cannot out earn bad relationships.
• 39:45
  Speaker 2: They're just going to collapse. It's just a matter of time.
• 39:49
  Speaker 1: So we talked about how this relates to family, business partnerships,
• 39:53
  Speaker 1: friend groups, romantic relationships. Let me give you some now,
• 40:03
  Speaker 1: some foundational stuff to layer on top of this. Let's
• 40:06
  Speaker 1: talk about integrity, credit, and character. Do you know the
• 40:09
  Speaker 1: work credit comes comes from the Latin room work credit toe,
• 40:12
  Speaker 1: which means credibility has nothing to do with money.
• 40:16
  Speaker 2: You know, the.
• 40:16
  Speaker 1: Capitalism comes from the Latin word word copy toss, which
• 40:20
  Speaker 1: loosely defined means knowledge in the head. Do you know
• 40:23
  Speaker 1: that banking is the trust business, none of the none
• 40:26
  Speaker 1: of those three things that actually has anything directly to
• 40:28
  Speaker 1: do with money. Deep, isn't it? But it leads through money,
• 40:33
  Speaker 1: which is a transfer of value to wealth creation. So
• 40:37
  Speaker 1: let's talk about integrity, credit, integrity, credit and character and
• 40:41
  Speaker 1: black folks in particular.
• 40:42
  Speaker 2: We have mastered creativity, culture and cool.
• 40:49
  Speaker 1: Uh And what I want to master now is credit, capitalism,
• 40:58
  Speaker 1: free enterprise, and new community. But go from rocking the
• 41:01
  Speaker 1: mic to owning it. Another podcast for another day. So
• 41:06
  Speaker 1: I want you to pay your bills. I want you
• 41:08
  Speaker 1: to keep your word. I want you to fix the
• 41:11
  Speaker 1: mistakes fast. I want you to tell the truth early.
• 41:19
  Speaker 1: I want you to stop stressing on being perfect. There
• 41:21
  Speaker 1: is no perfect. It's just the best you can do.
• 41:23
  Speaker 1: We're all angels with dirty faces, right. A saint is
• 41:26
  Speaker 1: a center that got up. Just do the best you can.
• 41:28
  Speaker 1: God knows you're center. I mean, God was a miracle,
• 41:31
  Speaker 1: you know. Just do the best you can. Just have
• 41:33
  Speaker 1: good intentions and correct as soon as you can with
• 41:39
  Speaker 1: as much transparency and authenticity as you're able to muster
• 41:43
  Speaker 1: and you'll have.
• 41:44
  Speaker 2: And you'll win.
• 41:45
  Speaker 1: You'll even when you fail, you fall forward. And remember
• 41:49
  Speaker 1: that rainbows only follow storms. You cannot have a rainbow
• 41:53
  Speaker 1: without a storm first. So you actually grow even through
• 41:57
  Speaker 1: your challenges. And God knows, I've had tons of those myself,
• 42:01
  Speaker 1: and I'm certainly better because of Actually, my book Up
• 42:04
  Speaker 1: from Nothing talks about how I've really won through I've
• 42:08
  Speaker 1: managed my failures, not my successes. I believe that the
• 42:12
  Speaker 1: success in life is about successfully managing pain, the pain
• 42:16
  Speaker 1: we create for ourselves, the pain visited upon us, visited
• 42:20
  Speaker 1: to us by others. Your credit score is not just
• 42:25
  Speaker 1: a number. It's a trust score, and you are in
• 42:28
  Speaker 1: control of it. You can't control a lot of things,
• 42:30
  Speaker 1: but you can control that. So a good credit score
• 42:34
  Speaker 1: where lawyer costs a capital right, it leads to freedom.
• 42:37
  Speaker 1: All money is freedom. It leads to options, it leads
• 42:41
  Speaker 1: to personal dignity, or it gives you personal dignity. What
• 42:43
  Speaker 1: I'm telling you gives you personal dignity, not the credit
• 42:45
  Speaker 1: score or the money itself. I really want you to
• 42:48
  Speaker 1: have resilience. That's one of my top traits is I
• 42:52
  Speaker 1: just never give up. I take no for vitamins, over
• 42:55
  Speaker 1: the round and through it. I'm going to get to it.
• 42:57
  Speaker 1: Like I'm warning you. Don't get it runner me, don't
• 43:00
  Speaker 1: get don't get my weight. I'm gonna run you over.
• 43:02
  Speaker 1: You're gonna get hurt. I'm warning you in advance, please
• 43:04
  Speaker 1: move aside. I'm coming that way. And if you don't,
• 43:08
  Speaker 1: then it's on you. I warned you. I am unstoppable.
• 43:11
  Speaker 1: That has to be your mindset is no. When you
• 43:14
  Speaker 1: have the power, you don't need to use it. You
• 43:16
  Speaker 1: don't need to raise your voice flex If you are
• 43:18
  Speaker 1: who you are, then the world will know it soon enough.
• 43:22
  Speaker 1: So when you're resilient, you understand that everyone fails, but
• 43:27
  Speaker 1: that's not You're not a failure. It's just an outcome
• 43:29
  Speaker 1: to an experiment. You get up and you keep moving.
• 43:32
  Speaker 1: You understand that winners ad just You understand that losers
• 43:37
  Speaker 1: quit or blame, but winners innovate and reclaim. Can I
• 43:44
  Speaker 1: get my made? Failure is information, not a ver. Here's
• 43:56
  Speaker 1: the real question. I want to leave you with. Who's
• 44:00
  Speaker 1: hunting in your life? Who's skinning? And who's the cook?
• 44:08
  Speaker 1: And just as important, what role are you actually playing?
• 44:12
  Speaker 1: And occasionally you may end up playing all three, by
• 44:15
  Speaker 1: the way, But you want to specialize.
• 44:18
  Speaker 2: As soon as you reasonably can.
• 44:23
  Speaker 1: Then look at your circle, look at your village, look
• 44:27
  Speaker 1: at your posse, look at your group. Who gives in
• 44:30
  Speaker 1: your circle? You want more of them? Who takes you?
• 44:36
  Speaker 1: Want less of them? Who drained you? You want none
• 44:39
  Speaker 1: of them. Yeah, tell folks all the time. You don't
• 44:43
  Speaker 1: have to go. You'll get the heck out of here.
• 44:44
  Speaker 1: Let it do not hit you with a dog should
• 44:46
  Speaker 1: have bit you. Okay, let me stop. Wealth is not
• 44:55
  Speaker 1: just about money. It's about alignment. That's why I say
• 45:01
  Speaker 1: nor the noise. You need to move the noise, all
• 45:04
  Speaker 1: that frictioninat your life. You need alignment. You need to
• 45:06
  Speaker 1: be efficient so you can go and kill it. Not
• 45:09
  Speaker 1: kill someone, kill a mission, achieve it. It's about alignment
• 45:16
  Speaker 1: of people, alignment of roles, alignment of values. I walk
• 45:25
  Speaker 1: through life consciously oblivious of most things because it just
• 45:27
  Speaker 1: doesn't matter. I'm very focused, and I'm ruthless about my time.
• 45:32
  Speaker 1: I'm charitable with money and other things. I'm ruthless about
• 45:35
  Speaker 1: my time. I can waste my time.
• 45:36
  Speaker 2: You can't.
• 45:39
  Speaker 1: High integrity, really important, strong relationships, prime credit, resilience when
• 45:47
  Speaker 1: things go wrong again, It's about how you manage failures,
• 45:52
  Speaker 1: not success is going. Shopping is easy, Traveling is easy.
• 45:55
  Speaker 1: That's while there's stuffle on Instagram and TikTokers, all these
• 45:58
  Speaker 1: people flashing and fly with all this stuff.
• 46:01
  Speaker 2: That's why you know it's not real like that. That's
• 46:03
  Speaker 2: not success.
• 46:03
  Speaker 1: That's that's the bounty, that's the that's the easy stuff.
• 46:07
  Speaker 1: Anybody can do that. Anybody can flex and floss and
• 46:10
  Speaker 1: lisa car and rent a fancy house and all that
• 46:13
  Speaker 1: kind of stuff and go go shopping.
• 46:16
  Speaker 2: You a big deal, right? But can you over and
• 46:19
  Speaker 2: around it? Through it? Can you get to it? Can
• 46:20
  Speaker 2: you keep going when everybody's falling around you? Can you?
• 46:24
  Speaker 1: Can you outlast out love outlive out outgive. I mean
• 46:28
  Speaker 1: that's a bad now, that's a bad dude or a
• 46:31
  Speaker 1: bad sister. That's making smart sexy. That's power and you
• 46:36
  Speaker 1: got the power. You don't need to use it. We've
• 46:39
  Speaker 1: been doing some church today, have we? So this is
• 46:45
  Speaker 1: how families win, This is how businesses scale. In the
• 46:50
  Speaker 1: last forty six minutes, I've just outlined it. This is
• 46:54
  Speaker 1: how wealth is built and kept.
• 46:57
  Speaker 2: Well.
• 46:58
  Speaker 1: Wealth is in luck. It's structure, character and discipline. Repeat
• 47:07
  Speaker 1: it over time, remember that quote inspired by my friend
• 47:11
  Speaker 1: Tony Wrestler. You make money during the day, you build
• 47:14
  Speaker 1: wealth in your sleep. By the way, he is a
• 47:17
  Speaker 1: billionaire owner of the Atlanta Hawks, my business partner and
• 47:20
  Speaker 1: a couple of ventures, and he is chairman of six
• 47:26
  Speaker 1: hundred billion dollar company called Area's Management. Wherein my other
• 47:28
  Speaker 1: friend Mike Graghetti, who's also a billionaire, who is CEO
• 47:33
  Speaker 1: who introduced me to Tony. There are my two partners
• 47:35
  Speaker 1: in one of my ventures, and dear friends and their
• 47:37
  Speaker 1: givers givers, givers, givers with intelligence and rigor and business
• 47:43
  Speaker 1: plans and all that. And they helped me build a
• 47:45
  Speaker 1: team for one of my business is one of my
• 47:47
  Speaker 1: most successful. They made sure I had the right team
• 47:49
  Speaker 1: around me. I had to go do the work, but
• 47:50
  Speaker 1: they made sure I had the right team around me.
• 47:52
  Speaker 1: I believe that I called the James Brown version of
• 47:54
  Speaker 1: affirmative action. Open the door. I'll get it myself, right,
• 47:58
  Speaker 1: So I may open the door, but you gotta go
• 47:59
  Speaker 1: get it. You got to go at it. Nobody nobody
• 48:01
  Speaker 1: owes you anything.
• 48:02
  Speaker 2: Right.
• 48:02
  Speaker 1: This is not about charity. It's not about a hand out.
• 48:04
  Speaker 1: It's about a hand up. So once you understand that
• 48:13
  Speaker 1: wealth isn't luck that It's about structure and character and
• 48:16
  Speaker 1: discipline repeated over time. Once you understand that, you stop
• 48:20
  Speaker 1: chasing money. I tell people all the time, the bag
• 48:25
  Speaker 1: the money, the dollar, the who cares? It's just a
• 48:28
  Speaker 1: transfer of value. Who cares? Just knock it off. All
• 48:31
  Speaker 1: this stuff about cryptocurrency and all that stuff, which which
• 48:33
  Speaker 1: is fine.
• 48:34
  Speaker 2: But it's just understand all you're gambling.
• 48:37
  Speaker 1: It's you know, it's it's it's speculation, like it's it's
• 48:40
  Speaker 1: just computer code.
• 48:41
  Speaker 2: Right, that's not that's not wealth.
• 48:44
  Speaker 1: You're the wealth, right, And if you have the right
• 48:48
  Speaker 1: team around you, you'll make the right analysis on whether
• 48:51
  Speaker 1: cryptocurrency is for you, whether real estate's just for you,
• 48:53
  Speaker 1: or whether uh dry cleaning businesses just for you, whether
• 48:58
  Speaker 1: technology is just for you, whether they're being marriage is
• 49:02
  Speaker 1: just for you, or being single is just for you,
• 49:03
  Speaker 1: or being in living in Africa or America or Europe
• 49:08
  Speaker 1: or its Latin America.
• 49:09
  Speaker 2: Or Asia, traveling.
• 49:10
  Speaker 1: All these things will make more sense and you'll make
• 49:13
  Speaker 1: really good decisions about them.
• 49:14
  Speaker 2: Where, what, who went and with whom and how.
• 49:17
  Speaker 1: When you have the right team, then you start building
• 49:23
  Speaker 1: something that lasts. So here you go, this is it,
• 49:31
  Speaker 1: This is the drop of the mic.
• 49:32
  Speaker 2: This is the masterclass.
• 49:34
  Speaker 1: This is the winning formula for your life. And even
• 49:39
  Speaker 1: if it's just you doing this, make sure that you
• 49:43
  Speaker 1: structure yourself so that part of your day, your week,
• 49:47
  Speaker 1: your month is you being a hunter, you being a skinner,
• 49:52
  Speaker 1: and you being a cook. And make sure that you
• 49:54
  Speaker 1: are talking to you in self affirming ways, but honestly.
• 49:58
  Speaker 1: Because if I don't like me, I'm not gonna like you.
• 50:00
  Speaker 1: If I don't feel good about me, I'm not gonna
• 50:01
  Speaker 1: feel good about you. If I don't respect me, don't
• 50:04
  Speaker 1: expect me to respect you. If I don't love me,
• 50:06
  Speaker 1: I don't have a clue how to love you. And
• 50:08
  Speaker 1: here's a big one. If I don't have a purpose
• 50:09
  Speaker 1: in my life, I'll make your life a living hell
• 50:11
  Speaker 1: because whatever goes around comes around. You can't give what
• 50:15
  Speaker 1: you don't have in a blind town, a one eyed
• 50:17
  Speaker 1: man's king. If you don't know better, you cannot do better. See,
• 50:21
  Speaker 1: it all comes back to some basic principles. Life is
• 50:24
  Speaker 1: pretty simple. We sort of just tend to complicate it.
• 50:27
  Speaker 1: So a success this is the foundation of it. Let's
• 50:30
  Speaker 1: build on that. And then once you listen to this,
• 50:32
  Speaker 1: go and talk to your friends, your girlfriends, your eye friends,
• 50:34
  Speaker 1: your family.
• 50:36
  Speaker 2: Listen.
• 50:36
  Speaker 1: They check this out, undissected, unpack it, repack it. Then
• 50:39
  Speaker 1: go watch and listen to other podcasts I've done through
• 50:42
  Speaker 1: the Money and Wealth series from twenty twenty five and
• 50:44
  Speaker 1: then go back to twenty twenty four. I've given you
• 50:46
  Speaker 1: a library. I've given you an encyclopedia of knowledge that
• 50:50
  Speaker 1: is a cheat sheet on how I did it, and
• 50:52
  Speaker 1: what to avoid and what things to ignore and what
• 50:55
  Speaker 1: things to stop messing with.
• 50:57
  Speaker 2: I mean a couple pieces of advice.
• 50:59
  Speaker 1: I would give my ateen your old self and stop
• 51:01
  Speaker 1: trying to impress somebody you don't want to be like.
• 51:04
  Speaker 1: Stop trying to be like the six square blocks celebrity.
• 51:07
  Speaker 1: Who cares there abing people in the world. Why are
• 51:09
  Speaker 1: you obsessing with one dude from one zip code, a
• 51:12
  Speaker 1: one girl in the high school.
• 51:14
  Speaker 2: Middle money and trying to effect podcast network.
• 51:19
  Speaker 1: You can have high comptem that cast network the radio.
• 51:23
  Speaker 1: I want you to have high comb and high self or
• 51:25
  Speaker 1: wherever you listen to your want you to know that
• 51:28
  Speaker 1: you're enough. So I would stop trying to impress somebody
• 51:31
  Speaker 1: that I don't want to be like, and I let
• 51:33
  Speaker 1: I stop letting people abuse my time and waste my time.
• 51:36
  Speaker 1: Because egos don't fly in packs. You've never seen a
• 51:38
  Speaker 1: flock of the egos, right. Eagles are high altitude bird.
• 51:42
  Speaker 1: They're legal, they're not they're not pampas, they're not obnoxious
• 51:45
  Speaker 1: and not arrogant, but they just they think differently and
• 51:50
  Speaker 1: they're high out two. Birds are hard to get to,
• 51:52
  Speaker 1: they're hard to understand, they even hard to see. But
• 51:56
  Speaker 1: buzzers love packs, and buzzers is a low altitude birds
• 52:00
  Speaker 1: and buzzes love shooting the eagles when they can't be
• 52:02
  Speaker 1: like a player if you can player hate and never
• 52:04
  Speaker 1: player congratulate. And then turkeys got wings and can't even fly.
• 52:09
  Speaker 1: I did a piece on social media. Go back and
• 52:10
  Speaker 1: watch that. It's sort of entertaining, but it sort of
• 52:13
  Speaker 1: brings that topic in the in the in the correct
• 52:17
  Speaker 1: view pretty quickly. So these are all birds, but from
• 52:20
  Speaker 1: different categories and different groups. They have different roles, they
• 52:23
  Speaker 1: have different functions. But you are, if you're listening to
• 52:25
  Speaker 1: this podcast or watching this, you are my guest, either
• 52:30
  Speaker 1: an eagle or an eagle in training. And not everybody's
• 52:33
  Speaker 1: going to understand you. And you can't take everybody with
• 52:34
  Speaker 1: you I'm out. This is John Hope Rien There's Money
• 52:37
  Speaker 1: and Wealth and this is my podcast series on iHeartRadio
• 52:41
  Speaker 1: and Black Effect.
• 52:42
  Speaker 2: I love you enough to tell you the truth.
• 52:44
  Speaker 1: You can do anything you want to do in this
• 52:45
  Speaker 1: world if you apply yourself, and I believe you will
• 52:52
  Speaker 2: Enjoy your week and make it spectacular.