Latest / Earn Your Leisure / Building Wealth: Stocks, Real Estate, Business, and More

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Building Wealth: Stocks, Real Estate, Business, and More · Earn Your Leisure

• 0:01
  Speaker 1: Earners.
• 0:01
  Speaker 2: What's up.
• 0:02
  Speaker 3: You ever walk into a small business and everything just
• 0:04
  Speaker 3: works like The checkout is fast, the receipts are digital,
• 0:08
  Speaker 3: tipping is a breeze, and you're out the door before
• 0:11
  Speaker 3: the line even builds. Odds are they're using Square. We
• 0:15
  Speaker 3: love supporting businesses that run on Square because it just
• 0:18
  Speaker 3: feels seamless. Whether it's a local coffee shop, a vendor
• 0:21
  Speaker 3: at a pop up market, or even one of our
• 0:23
  Speaker 3: merch partners, Square makes it easy for them to take payments,
• 0:27
  Speaker 3: manage inventory, and run their business with confidence, all from
• 0:31
  Speaker 3: one simple system. If you're a business owner or even
• 0:35
  Speaker 3: just thinking about launching something soon, Square is hands down
• 0:38
  Speaker 3: one of the best tools out there to help you start, run,
• 0:41
  Speaker 3: and grow. It's not just about payments, it's about giving
• 0:45
  Speaker 3: you time back so you can focus.
• 0:47
  Speaker 2: On what matters most Ready.
• 0:48
  Speaker 3: To see how Square can transform your business, visit Square
• 0:52
  Speaker 3: dot com backslash go backslash eyl to learn more that
• 0:56
  Speaker 3: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 1:02
  Speaker 3: Let's Square handle the back end so you can keep
• 1:04
  Speaker 3: pushing your vision forward. This episode is brought to you
• 1:11
  Speaker 3: by P and C Bank, a lot of people think
• 1:13
  Speaker 3: podcasts about work are boring, and sure they definitely can be,
• 1:17
  Speaker 3: But understanding of professionals routine shows us how they achieve
• 1:21
  Speaker 3: their success little by little, day after day. It's like
• 1:25
  Speaker 3: banking with P and C Bank. It might seem boring
• 1:28
  Speaker 3: to save, plan and make calculated decisions with your bank,
• 1:31
  Speaker 3: but keeping your money boring is what helps you live
• 1:34
  Speaker 3: or more happily fulfilled life. P and C Bank Brilliantly
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  Speaker 3: P and C Bank National Association Member FDIC.
• 1:51
  Speaker 4: For anyone who may be watching right now and they're like, Okay,
• 1:54
  Speaker 4: with all this doom and gloom, what's the point if
• 1:56
  Speaker 4: the system is read, can we give them a conclude
• 2:00
  Speaker 4: answer about why you still have to invest despite of
• 2:03
  Speaker 4: the conditions we may face in roadblocks that may be
• 2:06
  Speaker 4: thrown away.
• 2:07
  Speaker 5: I mean, it's the only option, Like he said, you know,
• 2:08
  Speaker 5: the only three ways to get the bill Welk in
• 2:10
  Speaker 5: his country is is real estate, stocks.
• 2:13
  Speaker 1: And business.
• 2:13
  Speaker 5: You noticed he didn't say working a job, saving. He
• 2:18
  Speaker 5: didn't say any of that. So at the end of
• 2:21
  Speaker 5: the day, Republican, Democrat, independent, doesn't matter. If your goal
• 2:26
  Speaker 5: is to have financial freedom, which people that watch just
• 2:28
  Speaker 5: show that's usually their goal. You have to invest. That's
• 2:32
  Speaker 5: the only the only way. It's the only way to
• 2:35
  Speaker 5: have financial freedom. Now, you're still going to have other
• 2:37
  Speaker 5: issues in life, but this show is focused on financial freedom.
• 2:41
  Speaker 5: So yeah, with that being said, at least me to
• 2:43
  Speaker 5: my next question. Beyond stocks, what are some alternative sources
• 2:47
  Speaker 5: of income for those looking to invest heavily while moving
• 2:53
  Speaker 5: beyond a traditional nine to five job.
• 2:56
  Speaker 1: I mean, we just talked to hit the nail on
• 2:58
  Speaker 1: the head.
• 2:58
  Speaker 4: You have to build a business or build something that
• 3:01
  Speaker 4: that you're best.
• 3:02
  Speaker 1: In the world.
• 3:02
  Speaker 4: I know it's not an answer that everyone loves, but
• 3:04
  Speaker 4: even when we're talking yesterday about networking tips, a keep
• 3:09
  Speaker 4: your pitch down to ten seconds because it's going to
• 3:12
  Speaker 4: be people meeting all day, all night. But when you're
• 3:15
  Speaker 4: looking to build a business, what can you do that
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  Speaker 4: someone else in the world is not able to do?
• 3:20
  Speaker 4: You want to enter a field that doesn't have a
• 3:22
  Speaker 4: ton of competition. So like when chat GPT came onto
• 3:25
  Speaker 4: the scene, they have more competitors now, but for seventy
• 3:29
  Speaker 4: five years they were trying to make something like that.
• 3:31
  Speaker 1: They were the ones that were able to execute it.
• 3:33
  Speaker 4: Google, who dropped the fucking ball, were supposed to have
• 3:36
  Speaker 4: come out with something like this eight years ago.
• 3:38
  Speaker 1: They didn't do it. What can you build?
• 3:40
  Speaker 4: What resource can you give to your community, to the
• 3:43
  Speaker 4: world that no one else can do, and then you'll
• 3:46
  Speaker 4: get a win fall from there. You have to build
• 3:48
  Speaker 4: a business or help someone build theirs. So going back
• 3:52
  Speaker 4: to the CEO of Starbucks, now, his skill set is
• 3:56
  Speaker 4: so valuable that it's worth paying them one hundred and
• 3:58
  Speaker 4: thirteen million dollars and conversation to help resurrect Starbucks from
• 4:03
  Speaker 4: where they are now to where.
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  Speaker 1: They should be.
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  Speaker 4: So be so valuable that you can increase the evaluation
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  Speaker 4: of a company. That's the only way you have to
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  Speaker 4: build a business.
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  Speaker 1: Have to.
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  Speaker 2: Know more to it. That's it.
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  Speaker 4: Work on your craft every day. I keep stressing this
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  Speaker 4: be genuine and the people that you meet. But people
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  Speaker 4: can feel if you worked on your craft when you're pitching,
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  Speaker 4: like we'll talk about it, but you're like, hey, what
• 4:34
  Speaker 4: can I do to get better? You guys have the
• 4:35
  Speaker 4: conversation when Nick Cannon is like, hey, do there's networking
• 4:38
  Speaker 4: matter more being great at your craft. The answer is both.
• 4:41
  Speaker 4: But if you're not great at it, the connection doesn't matter.
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  Speaker 4: It doesn't matter. Can you put up points on the
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  Speaker 4: board when you get the ball in your proverbial court?
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  Speaker 2: Can you continuously put points up on the board?
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  Speaker 1: Absolutely?
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  Speaker 3: And the crunch time, Yeah, it's important because I mean
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  Speaker 3: each person is has a subjective opinion, and so is
• 5:02
  Speaker 3: your message is going to be consistent every time?
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  Speaker 2: Are you going to show up every time the same way.
• 5:06
  Speaker 1: And the output be consistent? It's important.
• 5:10
  Speaker 3: I was gonna say, can we run through some earners
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  Speaker 3: really quickly? Since we're talking about obviously investing in creating business.
• 5:17
  Speaker 3: You tell me what you think about these companies. A
• 5:18
  Speaker 3: big week for retail. We got Low's reporting this week,
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  Speaker 3: we got Target so, Macy's, TJ max Is reporting, we
• 5:26
  Speaker 3: got DJ's, Tava's reporting.
• 5:29
  Speaker 1: Ross.
• 5:30
  Speaker 2: What's your thoughts around retail? I think that they're seeing
• 5:32
  Speaker 2: some Upjeck.
• 5:35
  Speaker 4: I'm not gonna say uninvestable, but that's not why I
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  Speaker 4: will put my first set of cash if I have
• 5:39
  Speaker 4: some spare cash. I don't want to lie and say
• 5:42
  Speaker 4: that they're investable like someone else lies.
• 5:45
  Speaker 1: Shout them. But Kava I like Target not so much.
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  Speaker 1: And also like, okay, what is the interest rate? This
• 5:56
  Speaker 1: is a great exercise.
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  Speaker 4: What is the current interest rate versus what is the
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  Speaker 4: profit margin at these companies?
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  Speaker 1: Great exercise.
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  Speaker 4: So if the profit margin for Target hypothetically is eight
• 6:07
  Speaker 4: percent in our interest rate is I don't want that
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  Speaker 4: kind of thing of of a margin.
• 6:13
  Speaker 1: BJ's easy joke. I want to do it.
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  Speaker 4: Caba like though Ross rosses than that Ross too easy,
• 6:26
  Speaker 4: you know what I mean? But Ross Ross I like Kava,
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  Speaker 4: Like who else is on there?
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  Speaker 2: Uh?
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  Speaker 3: TJ Max? TJ Max had a rough quarter, solid solid,
• 6:39
  Speaker 3: you know, I'm interest in seeing Snowflake. Snowflake, they got
• 6:43
  Speaker 3: beat up last quarter so bad they haven't recovered, dropped
• 6:46
  Speaker 3: down to one fifty.
• 6:48
  Speaker 2: I'm interested in seeing that. And then one of the
• 6:50
  Speaker 2: darlings of the pandemic, Zoom.
• 6:52
  Speaker 4: Remember when they said Snowflake was gonna be like the
• 6:55
  Speaker 4: no no no no.
• 6:57
  Speaker 3: Reality set in for them a bit. Yeah, yeah, yeah,
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  Speaker 3: it didn't didn't quite deliver it. Where is it's a
• 7:03
  Speaker 3: one thirty?
• 7:06
  Speaker 1: It was that three ninety eight, Oh baby them coach?
• 7:09
  Speaker 3: Yeah, this year was at two thirty two in February
• 7:12
  Speaker 3: two thirty two, and it's it took a beating. I
• 7:17
  Speaker 3: think it was after the first quarter, second quarter earning
• 7:19
  Speaker 3: his report, and it has it.
• 7:21
  Speaker 2: It has a recover, that has a recover. So I'm
• 7:23
  Speaker 2: interested to see him with how they report.
• 7:24
  Speaker 1: Knocked down one hundred and eight bucks over the last
• 7:27
  Speaker 1: four years.
• 7:28
  Speaker 2: Yeah for ne though, m h yeah, unless the.
• 7:32
  Speaker 4: Buffett going to bob a whole bunch of shars and
• 7:34
  Speaker 4: merger with Geico.
• 7:35
  Speaker 2: But you know, what do you think about Zoom?
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  Speaker 3: You're talking about one that at its peak it's trying
• 7:44
  Speaker 3: to stay above trying to stay around above sixty dollars
• 7:47
  Speaker 3: at this point.
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  Speaker 4: If you're a Zoom, who can you sell to that
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  Speaker 4: is a great piece of technology but has no use case?
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  Speaker 4: Even with that, are more people on Zoom or Instagram Live.
• 8:05
  Speaker 2: They might have missed the point.
• 8:07
  Speaker 4: They should have sold as soon as they got hot.
• 8:12
  Speaker 4: I would have been making every call, just like the
• 8:13
  Speaker 4: equity company deal a rock Nation, Hey smurgeral well, where
• 8:17
  Speaker 4: you at speaking of which weekend?
• 8:23
  Speaker 5: Oh?
• 8:24
  Speaker 4: Yeah, but Zoom uninvestible.
• 8:30
  Speaker 1: Shout to the management CEO.
• 8:31
  Speaker 5: But we have we have to Actually, I'm glad you
• 8:33
  Speaker 5: said this. We have to be fair about this situation.
• 8:35
  Speaker 1: I did speak to.
• 8:38
  Speaker 5: Dang dash who you know, you know, we reported something
• 8:42
  Speaker 5: that everybody reported last week when it was actually a
• 8:46
  Speaker 5: teachable moment when Rock a fella well reasonable doubt. He
• 8:53
  Speaker 5: has a judge thing that's a judgment to sell reasonable
• 8:56
  Speaker 5: doubt and jay Z's lawyer, so it's been going on auction,
• 9:00
  Speaker 5: but jay Z's lawyer or Rock Nations lawyer put his
• 9:03
  Speaker 5: statement out saying that whoever buys it is going to
• 9:08
  Speaker 5: revert back to jay Z in twenty thirty. Essentially, you
• 9:13
  Speaker 5: know you're discouraging people from buying it by the same
• 9:15
  Speaker 5: point in that statement, for sure. So is that something
• 9:27
  Speaker 5: because it's like eight hundred thousand dollars, right, It's not
• 9:29
  Speaker 5: like it's eight hundred million dollars, right, Yeah, So is
• 9:37
  Speaker 5: how do you feel about that? How do you what
• 9:39
  Speaker 5: that's something that you would do? How do you feel?
• 9:42
  Speaker 5: What do you what do you answer? How do you
• 9:44
  Speaker 5: what do you think? As far as in the in
• 9:46
  Speaker 5: the yeah, you're understands.
• 9:49
  Speaker 2: What side of the colony is you on?
• 9:51
  Speaker 5: If side of truth, the side of if he was
• 9:56
  Speaker 5: the person that was had the judgment, No, the other
• 9:59
  Speaker 5: side of the person you're on a judgment? You know,
• 10:00
  Speaker 5: you know you're not in the position doing anything for
• 10:02
  Speaker 5: the president, who was going to.
• 10:03
  Speaker 4: Revert to okay, gotcha, I was actually because you know,
• 10:06
  Speaker 4: Joseph was talking about buying it, right, I think we
• 10:09
  Speaker 4: should buy them off a dame and given to Hope,
• 10:12
  Speaker 4: and we should do what buy the master off a
• 10:15
  Speaker 4: day friend and give them the whole. Why would we
• 10:21
  Speaker 4: do that relationship?
• 10:24
  Speaker 5: You know what I'm saying, Why would you give it?
• 10:25
  Speaker 5: If you buy it, why would you give it?
• 10:28
  Speaker 4: Well, how much money you think you'll be able to
• 10:29
  Speaker 4: make off of it in a six year period? I
• 10:32
  Speaker 4: think the return on investment on a relationship probably ten
• 10:34
  Speaker 4: next if they bought Manhattan for twenty four dudges.
• 10:39
  Speaker 2: They don't take me as those type of guys.
• 10:41
  Speaker 1: Though.
• 10:42
  Speaker 4: If it was me buying a flat out, would I
• 10:47
  Speaker 4: to have rights to it for five or six years?
• 10:50
  Speaker 1: No?
• 10:51
  Speaker 4: Once again, going back to the conversation we had privately,
• 10:54
  Speaker 4: I don't want to make it enemy out of anybody
• 10:57
  Speaker 4: on that side.
• 10:58
  Speaker 2: Yeah, and then you don't touch it.
• 11:01
  Speaker 1: I mean, you know it's one because he like you know,
• 11:03
  Speaker 1: he's uninvestable.
• 11:04
  Speaker 4: By making that statement, he almost gave a declaration of
• 11:07
  Speaker 4: war to say you only have five years anyway, but
• 11:10
  Speaker 4: five or six years, but those five sec years can
• 11:13
  Speaker 4: be Lawyers don't even make those.
• 11:15
  Speaker 1: Statements normally run back to Sean anyway, what Yeah.
• 11:21
  Speaker 2: Unless you don't want to you know, you don't want
• 11:23
  Speaker 2: eck where you go to the prison.
• 11:25
  Speaker 1: So yeah, I mean, you know, he he he.
• 11:27
  Speaker 5: I think he's looking at from a standpoint of he's
• 11:29
  Speaker 5: saying that, and he said this before, like you know
• 11:31
  Speaker 5: that the bylaws were changed and the potential sale originally
• 11:39
  Speaker 5: it was supposed to be it was supposed to be
• 11:41
  Speaker 5: valued at twenty million, ten to twenty million, So how
• 11:43
  Speaker 5: does it come to only eight hundred thousand? And then
• 11:46
  Speaker 5: putting that statement out actually lowers the value even more
• 11:49
  Speaker 5: to the point where I don't know what the market
• 11:51
  Speaker 5: value is now or maybe one hundred thousand maybe who knows.
• 11:54
  Speaker 5: You know, it's uh so, I guess the question would
• 11:58
  Speaker 5: be what would be the motive for doing that? I
• 12:01
  Speaker 5: guess that's that's the mind frame that he would kind
• 12:04
  Speaker 5: of go in. It's like, what would be the motive
• 12:06
  Speaker 5: of somebody doing that? Other then you know, devaluate it to.
• 12:11
  Speaker 4: Hurt, to devaluate it and then destroy completely because if
• 12:16
  Speaker 4: I make it uninvestable, or not a wise investment and
• 12:21
  Speaker 4: is it going to revert back to jay z anyway
• 12:25
  Speaker 4: is to drive the buyer's market. No different if you
• 12:29
  Speaker 4: have a condom enemies, like, well it's contaminated with lead.
• 12:33
  Speaker 4: Of course you're going to devalue the property for what
• 12:35
  Speaker 4: it could go for.
• 12:38
  Speaker 3: That's on the sale of it. But if there's a
• 12:40
  Speaker 3: judgment on the side of it, doesn't that change it? Right,
• 12:42
  Speaker 3: Like in the sense of it if it doesn't sell
• 12:45
  Speaker 3: at that value, right if the judgments for eight hundred thousand,
• 12:47
  Speaker 3: and now the value of that is going down to
• 12:49
  Speaker 3: let's say, if it's one, there's still seven hundred thousand
• 12:51
  Speaker 3: that needs to be made on that judgment.
• 12:53
  Speaker 1: That hurts him, right, that hurts him design So it's.
• 12:58
  Speaker 5: Like looking like, why would you want to hurt me
• 13:01
  Speaker 5: more than I've already suffered?
• 13:04
  Speaker 1: Right?
• 13:04
  Speaker 5: Like you if you have to pay eight hundred thousand,
• 13:07
  Speaker 5: and your asset, your only asset that you have, could
• 13:11
  Speaker 5: potentially sell for eight hundred thousand, that'll get you out
• 13:13
  Speaker 5: the clear. But now if that asset is deemed worthless,
• 13:16
  Speaker 5: you still owe eight hundred thousand. So now it's just
• 13:19
  Speaker 5: puts you in a pibbow.
• 13:20
  Speaker 2: A different situation here.
• 13:21
  Speaker 5: Now you got to try to figure out where're gona
• 13:23
  Speaker 5: get eight hundred thousand from.
• 13:26
  Speaker 4: This reminds me a lot of warm Buffett Lehman situation
• 13:29
  Speaker 4: in two thousand and eight. I'll say the economy. But
• 13:31
  Speaker 4: as a result, something has to fall apart that I
• 13:36
  Speaker 4: want to fall apart.
• 13:38
  Speaker 2: So he's saying we should call Jamie Diamond. He got
• 13:42
  Speaker 2: the answer, let me come save you all.
• 13:45
  Speaker 1: Yes.
• 13:46
  Speaker 6: An illegal alien from Guatemala charged with raping a child
• 13:50
  Speaker 6: in Massachusetts. An MS thirteen gang member from El Salvador
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• 13:58
  Speaker 6: filming and selling child graphy in Michigan. These are just
• 14:02
  Speaker 6: some of the heinous migrant criminals caught because of President
• 14:06
  Speaker 6: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 14:09
  Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 14:14
  Speaker 6: crossings are at the lowest levels ever recorded, and over
• 14:18
  Speaker 6: one hundred thousand illegal aliens have been arrested. If you
• 14:21
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• 14:25
  Speaker 6: one thousand dollars a day, imprisoned and deported, you will
• 14:29
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• 14:33
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• 14:36
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• 14:41
  Speaker 6: border and families will be protected.
• 14:44
  Speaker 1: Sponsored by the United States Department of Homeland Security,