Latest / Success Story with Scott Clary / Marcus Barney - Financial Education Expert | How Understanding Credit Changed Everything About Building Wealth

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Marcus Barney - Financial Education Expert | How Understanding Credit Changed Everything About Building Wealth · Success Story with Scott Clary

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  I remember being on Instagram looking at credit card groups and I'm like this is like a secret
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  society. I identified that majority of people didn't even understand how to get a credit card.
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  majority of people don't understand the power of a credit card and what they can do and at that
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  point I realized you're learning things and as you continue to learn there are so many people who
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  won't. Marcus Barney isn't just teaching financial literacy. He's redefining what it means to own
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  your financial future. From boardrooms to barber shops, Marcus has built a reputation as him 500.
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  A mentor, strategist and wealth architect for the underdog. The miseducation is often much
• 0:34
  easier to get than the correct information. Don't feel bad about working a nine or five. The work
• 0:39
  ethic that gets developed is more important than education. Why? Because that'll help me be the
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  best boss and business partner. With millions of views across social media, a loyal following of
• 0:49
  aspiring entrepreneurs and a curriculum that's helped thousands escape the paycheck to paycheck
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  Marcus is on a mission to close the wealth gap by giving people the tools they were never taught.
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  If you've ever been told you'll never make it out. He's living proof that you can. The best
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  entrepreneurs have the best relationships. They figure out how to manage relationships on the
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  good side and the bad side. How to be in a relationship and give everybody wins. We only control
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  ourselves. I don't have control over what you say to me but I have a control over how I perceive it
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  and how I respond to it. Marcus, I'm excited you're here. You have an incredible origin story. So
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  you went from selling bootleg sneakers to cleaning gutters. You became a multi-millionaire now
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  owned private jets ambulance companies. You teach thousands how to turn credit into cash. You've made
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  tons of people millionaires. Think about a moment in your life when you realize that financial
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  strategies that you were learning for creating wealth were not just for yourself but would benefit
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  your entire community. When I realized it? Yeah like when you were like listen I'm learning things
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  that are not the norm. People don't know this shit and they have to know this shit and this is like
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  a life hack secret unlock. Honestly it was I remember being on Instagram looking at credit card
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  groups and they had all these like cold words and things like that and I'm like what the fuck are
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  they talking about? It's like MC. It's just this form and I'm like and I realized that like Master
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  car was MC and VGC was vanilla gift car and I'm like this is like a secret society right and I
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  started to and it was a thing called manufacturer spending and was just learning how to
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  manufacture spins on your credit card right. This is like a little points thing? Yeah yeah yeah and I
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  remember going down the rabbit hole but I went down it with a friend and he couldn't understand
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  what they were talking about. So I started strategically going and creating groups of people that
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  was in the community that was on the comment thread talking about it I would go and create a
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  group chat with them. Since you guys all seem to understand it I would be DMing them one on one
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  and then I created a group chat and so then I would decode what they were saying exactly because
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  now they're talking high level amongst each other and it was it wasn't nothing that I wasn't
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  exposed to it was just the terminology and the codes that they were using and at that point I
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  realized okay how do I communicate this back to my community? Yeah because this was something
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  amazing to me and I'm like manufacturer spending all this different things with gift cars and
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  so many shopping techniques and I identified that majority of people didn't even understand
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  how to get a credit card. It was way above and I'm going you know what the things that I'm learning
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  now is benefits from hardworking things that I took for granted and I took for granted the fact of
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  me actually understanding how to develop my credit getting my credit together and actually realizing
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  how many credit cards is out there and that there's different ones. Majority of people don't understand
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  the power of a credit card and what they can do nor how it can benefit them and at that point I
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  realized you know what like you're learning things and as you continue to learn there are so many
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  people who won't either not on that same journey because they didn't so going back into your
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  origin story you only figured this out because your businesses kept failing because you couldn't figure
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  out credit how to fund the businesses so you went through a lot of like candidly really stressful
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  like life events that a lot of people don't want to expose themselves to like not a lot not a lot
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  of people want to be entrepreneurs because of what you went through that's the reason why and then
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  it's like light at the end of tunnels like there's other ways to do this so it's not so stressful so
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  there's a better chance of it working out but also like with credit and credit cards the first
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  exposure people have credit credit cards are like you know they have some for me at least it was
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  when I went to university and there was like this little like a stand on campus and they're giving
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  me shit credit cards it was kind of super predatory because you didn't know what it was and then you
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  fuck yourself over with high interest rates and your parents give you shit for getting a credit card
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  and then you're like scared of like oh like I don't know I don't know how to play this game credit
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  credit drops yeah you're not understanding credit utilization right and you fact you're spending
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  nobody knows yeah so you don't understand none of those things you don't understand the benefits
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  of even the credit or understand if I went into like due dates statement dates your your payment
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  that you do date your statement date when I start breaking those things down and people are like
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  wait what say yo okay well you know I got three credit cards and this one is due this day and
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  I tell people hey you can change that and put it on the same date it's like oh you can it's like
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  you operate in this capacity of credit America is built off of credit yet we don't understand how
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  to navigate it there isn't a curriculum there isn't a place that teaches us how to properly
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  navigate it to our benefit nobody tells you well you you can change your due date put them all
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  on the same date so you know where you're not confused or separate 50% put 50% on the 15th and
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  another 50% on the first that way depending on where you're at in the month you know which credit cards
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  you use based on the day it reports you know when to pay them off and it's so confusing because you
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  have Dave Ramsey saying don't buy shit on credit and now you have predatory credit cards and then
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  America's built on credit I actually just learned this recently that credit is actually like a
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  relatively new concept that was like based in the US where in Europe for a long time there wasn't as
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  much credit as there is in the US like the thought of buying shit with not your own money
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  in history is actually I think very new if I'm not mistaken and nobody knows how to play that
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  game like really really well and there's so much conflicting advice I think that's what really
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  spruce people and it's it's you gotta understand it it's it comes from a capitalistic place right in
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  reality um I believe in credit because it's available tools so we should know how to utilize
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  tools when you don't have any but if you look at it on the flip side is that the way the credit is
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  is is even pushed out and pushed into the community and for you to be able to finance things it's
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  not for the benefit of the consumers for the benefit of the bank 100% and so when you start to
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  realizing identify that you start out for me I was going okay well how do I make this beneficial
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  for me I understand you guys set us up on a spin wheel for your benefit I'll allow you to
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  finances or pay imagine on on on on the mortgage I'll allow you to pay 30 years first eight years
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  interest only year 15 you follow them hard times we got our interest and now we foreclose on
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  you year 15 year 12 but we've already collected the interest now at this point once it starts going
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  to principle if you ever follow hard times you lose the house yeah I people don't realize any of
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  that there's so many levels to this even with auto loans you have a bet you got bad credit like okay
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  think about it the car is $80,000 if you have great credit with interest you'll pay 93 95,000
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  bad credit you'll pay 140 160,000 okay in that buffer for the same car you came in ideally you
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  don't want to help people with good credit it makes more sense to serve as people and have people
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  with bad credit I rather you be confused if I'm going to make double the money you take advantage
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  of people so it's just that's that's the importance of his understanding that this system is not
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  created to help you grow if you're not educated on how to properly use it and navigate it that's
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  why they say well why don't they teach credit in schools well why would they they don't teach
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  business and how to be your entrepreneur and how to not believe in a school system is good either
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  it's a circle that we kind of go into where we have to realize that there's there's pros and cons
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  the cons are naturally sitting and presented to us more the miseducation is often much easier to get
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  than the correct information and that's one of the key things that I like about where I'm at is
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  that I teach people how to use credit the right way to their own benefit don't get suckered into
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  doing and thinking oh this is how I was taught to do it in its wrong so teeda for people because we
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  talk a lot about investment on this show and like should you raise money from investors and
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  angels and vcs or should you just bootstrap I've never really had a conversation on this show about
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  like strategic credit for business so just frame it for people where in their business should they
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  use credit versus bootstrap and fund it with customer cash versus vc versus angel investing like
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  I don't think it's a bad idea but it's not something that if I watch 100 videos on entrepreneurship
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  I don't think any of them are going to talk to me about how to use strategic like credit or
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  is it debt I guess for a business compared to all the other types of ways to fund it so when you
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  bootstrap ideally honestly if you most entrepreneurs will end up they'll start bootstrapping
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  right and so when a bootstrap at the beginning what happens is that I believe that's the
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  proven method because there's a lot of things that you have to prove to yourself it's a lot of
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  things you have to prove to your customers develop and prove your brand after you bootstrap and let's
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  just say you get to a point to where you're doing six figures right you do a multiple six figures
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  and you figured out the kinks right you went through it you you're going through it now is going
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  okay I have a proven model I've worked out my customer support support I understand the lifetime
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  value of my customers I understand customer acquisition how to get customers I understand my
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  business I'm actually a business owner at this point I'm not I'm no longer risky and gambling
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  and I don't know what's going to happen I kind of have numbers on the board that I can actually
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  check have data to be able to look at at that point most people go I'm ready to scale
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  that's the point when you're ready to scale you'll get asked where to start but I just want to
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  scale but you don't know your numbers you don't understand the psychologically if you don't have
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  a control over your business you don't understand it can't look inside the hood you don't really
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  you're not running a business run the hustle yeah you're just running and you you really don't
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  know what's going on you take that that's kind of mess crushes it yeah but when you have somebody
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  who understands it now when you deploy somebody else's money into it you know what your what
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  atmosphere and what environment you're putting that money into so you imagine as an entrepreneur
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  and business owner you figure out okay I'm actually profitable now this is how I make money these
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  campaigns work for me these marketing styles work for me or this yellow pages work for me this bill
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  board worked for me okay now how can I use somebody's capital and be able to put it out and most
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  entrepreneurs go I want to scale and if I say hey I'll give you $50,000 for 15% of your business
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  they go 15 maybe 10 or 12 like and they're willing to do a deal yeah but they don't know of
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  of banks like Marcus and the Goldman Sachs in Apple right like you can get an Apple credit card
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  same thing with the golden sex Goldman Sachs is that you can go and apply for a pre-approval
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  you go apply for a pre-approval and it'll tell you if you're pre-approved and what you're
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  pre-approved for you now know what you can get access to you don't even have to get a hard
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  inquiry or apply or or do the full application you just check the pre-approval and now you say okay
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  well here's 25,000 here's 20,000 I have 45,000 dollars sitting there if I need it I gotta now I put
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  that into my business right but you already have the business figured out that's the difference
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  and it's growing and it's working but you realize hey if I had to extra 10 15,000 dollars 20,000
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  dollars to put into products or to be able to expedite and grow my marketing and advertising
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  or to hire more staff to get things out faster whatever it may be depending on the industry you
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  realize you get to a point where you can operate and you understand it and now I can actually deploy
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  somebody else's money to put gas on something that works yeah I think that's smart too but plus
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  you also get to hold on to 100% of your business you're not diluting yourself you're not giving up
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  equity with with credit um where did like I know that you sort of your interest in credit came
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  from like failed failed businesses shit that wasn't going so well did you get any because I'm
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  looking I'm thinking back to like when I was in when school and I got zero financial education
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  about credit about entrepreneur to your point nothing did you have any like education growing
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  up at all like is there and why is our education system so messed up and and we just don't give
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  kids the tools that they need because I honestly think that it's a different um I don't think this
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  is for kids right um because it often comes up like they should put it in teaching in schools
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  and it's like no there's other things that they that are more important right um about the human
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  development about self-development and actually allowing people to develop versus putting them
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  right into the rat race of finances and dealing with money because what we realized and we can
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  even look at adults once they figure something out where they get miseducated or a misunderstanding
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  they can stay in live with that miseducation and misunderstanding for 10 years and all and if
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  you're not properly educated on how to how to be cognitive of how to think how to process how
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  to analyze you know how to use your discernment teaching people about how to go get access to
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  capital is dangerous for a 16 year old who looks online and wants a hellcat who wants to be able
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  to spend money on streaming and he's figuring out ways you know now when it comes to financial when
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  it comes to credit right but now when it comes to budgeting things like that it's super important
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  because those are things that need to be taught in school is like how do you actually manage the
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  relationship with money how do you manage the relationship with money and on on on a spectrum of
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  not going and getting money from other people but just how to deal with it how to you know deal with
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  your bank accounts how to actually look and check nowadays we got apps and things like that out there
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  now to tell us all of our how we're spending where we're spending that things like that but it's like
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  okay well now how do we read these things how do we actually govern it to make ourselves better
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  I mean we can like kind of outsource our thinking to apps we still don't do a good job of managing
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  money and even some now there's I know there's apps that like show you like hey you're spending
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  this much on your monthly subscriptions and I think those are smart but I think that that early
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  child the dedication about finance that's important just to figure out like where you're spending
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  what a balance is like how much you know your personal cash flow kind of that's really the way
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  that I think about and that doesn't exist in schools but then like when you're older like credit
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  is important I mean there's a really should be mandatory for kids going into college I agree with
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  that as opposed to just having like a little booth at the credit card on the campus now it needs to be
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  it's something that should be a prerequisite in college not as much high school so when you think
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  what I think about kids I think about high school I think high school needs to have a very strict
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  strategic across the board course and in trainings on relationship with finances right um to
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  understand it but I think by the time people get to college now it needs to go into actually
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  understanding finances how it works the understanding credit what it is because at this point now you're
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  it's available to you so coming in freshman year it should be automatically how you got to take
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  prerequisites on credit because what happens is is that now all the credit card offers start
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  and and now it's like okay I'm just taking things and I don't know any better today's
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  like listen you don't have to be doctor you don't be a lawyer you don't have to be rapper go play
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  you know go play ball go play pro you can you can have an above average life and get and
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  financially get to wherever you want to go in like a pretty safe way entrepreneurship doesn't
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  mean you have to be a billionaire entrepreneurship doesn't mean you have to fail a thousand times
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  either so let's figure out how to build a business there's seasons to that business let's be
• 20:46
  smart about the money we use and then anybody can kind of live like an above average lifestyle and
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  escape like escape the matrix escape the nine to five and i'm a big fan of that idea i think that
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  like a lot of entrepreneurs listen to show and i talk to them this in person and you know and
• 21:04
  and i think that the version of entrepreneurship where you quit your job and try and make it work
• 21:09
  in three months before you run into money like that's people think entrepreneurship is but it's not
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  and you actually are giving them like like a safer option to entrepreneurship be strategic about it
• 21:19
  and don't feel bad about working a nine to five you don't think that is bad to work a nine to five
• 21:25
  i need you to i always encourage people to understand the work ethic that gets developed is
• 21:31
  more important than education you can learn everything you can know everybody but if you lack
• 21:36
  work ethic then you don't become great and so when you look at it and go i'm able to do something
• 21:40
  that i don't like for the greater good of myself that self discipline to be able to still show up
• 21:47
  a hundred percent don't go and say i don't want to work a job i'm not good with working for nobody
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  okay but if you're in this situation where you have to to discipline yourself to know hey i
• 21:57
  may not like this but i'm going to show up a hundred percent i'm going to give my all i still
• 22:00
  will be the best employee why because that'll help me be the best boss and business partner
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  because i know no matter there isn't everything i don't like everything about my business i don't
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  like reviewing books and going over all the charts and numbers but i show up my best and i give
• 22:16
  my best even when i had to work a nine to five that transferred over i'm going to always show up
• 22:21
  as my best those are things that will help entrepreneurs become successful it's going hey even if
• 22:26
  he goes you know what you don't look at you're not even the be the best employee well how do i be the
• 22:31
  best employee sometimes if working and it doesn't help this job doesn't help me get by people are
• 22:36
  working jobs and they're not they're barely getting by and it goes hey well you're still not being
• 22:41
  a smart employee because you don't have to be an employee of this operation that does not help
• 22:47
  you get by financially you can be an employee of a situation that does go find a better job
• 22:54
  because in business you're going to have to find better opportunities and develop better products
• 22:58
  and price points to make more money if your revenue does not equate to what you need to be to be
• 23:02
  profit yes so get a better job if you want the ambitious regardless what you do yes that it
• 23:08
  transfers over and so often it goes well this the safest way i'll tell our entrepreneur up your
• 23:12
  price you want to make more money you don't have to serve as more people up your price simple go up
• 23:17
  20% 25% and see what happens if that doesn't work then bring it down to 15% but you just up your
• 23:24
  price you'll you'll generally make more income with entrepreneur i mean with a person who works
• 23:28
  a job it says hey well have you found an opportunity to go and make more money at a different job
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  not i'm taking you out of your nine to five going develop no figure out how to be a better
• 23:39
  employee and navigate this space because you need it and be the best employee there and work
• 23:45
  on self-discipline to where when you walk away from the job where you start to develop your own
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  business when you're tired when you don't want to do it you still have to do it you now have
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  that discipline people think that hey well i don't want to work for nobody i'm not a good i don't
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  i'm not good at listening taking orders that you will not be good at at being an entrepreneur
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  entrepreneurs are best the best entrepreneurs have the best relationships they they figure out
• 24:10
  how to manage relationships on the good side and the bad side how to be in a relationship and give
• 24:16
  everybody oh everybody wins it's never one sided most most entrepreneurs great relationships with
• 24:23
  their significant others family and they have a group of friends what was the biggest and by the
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  way i think that yes so i think that there's a lot of we we're talking with this for a press
• 24:33
  record and i was complaining about like hiring hiring talent because everybody's so entitled and
• 24:37
  nobody wants to nobody wants to work for somebody that want to work for themselves but there's
• 24:42
  so many lessons even if you don't love the company that you work for there's so many lessons
• 24:47
  that i learned by working for somebody that allows me to be successful today and i'm sure you too
• 24:52
  like if you do not you don't just jump into entrepreneurship with no life skills no business skills
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  at all like it's actually you're gonna increase the chance that you're being successful if you figure
• 25:04
  shit out somewhere else now that means you don't just show up and clock out it means that you
• 25:08
  show up and learn yes wherever you're working that and that's that's super important and when
• 25:14
  when and when finding good help like it's hard to find good help because everybody thinks that
• 25:20
  they can just build a business these days and it's possible but they don't realize that most
• 25:26
  businesses start off in somebody else's infrastructure if you're really gonna be good you have to
• 25:30
  operate in somebody else's infrastructure no business no business it's successful on the
• 25:35
  song you think about it if you go back to amazon it says amazon is a billion dollar business it
• 25:39
  operates in somebody else's infrastructure when it came to saying okay well you know what look
• 25:44
  at how it's set up and we only deal with books well books was kind of regular you have barns
• 25:50
  nobles and all these other things and they started learning and they started to create after
• 25:54
  dealing with how the booking how people buy books they didn't just naturally change it
• 25:59
  they were servicing people and it was trying to create its own opportunities so then you
• 26:02
  looking at it was doing things how eBay did things and the other things in that that was in control
• 26:07
  of the market at that time and as they started getting market control they started to shift things
• 26:11
  but then at one point they had to even you know now they have their own delivery but at one
• 26:15
  point they had to do delivery things based off of UPS FedEx and US who controlled the way the
• 26:21
  things were delivered now they're able to come in and re re re re structure how things are
• 26:25
  delivered but thanks to companies like Uber coming out and delivering I mean and creating that
• 26:31
  technology now they can go oh we can pivot and use this method so things grow but if amazon wouldn't
• 26:40
  have started as a book store it wouldn't have been able to grow more into what it is today
• 26:44
  yeah I mean I think the ability the ability to take the lessons and learn and figure out like
• 26:49
  listen if you're gonna play the entrepreneurship game to be successful you got to play in someone
• 26:54
  else's arena to a point you can't just no one no one's fucking self made and no one's self made
• 26:58
  I hate that term because like what what your customers they don't make you like what your mentor
• 27:03
  you're telling me you're telling me your wife when she puts up with your shit like working like
• 27:07
  10 hour days bro trust me if you are with the wrong person you aren't you aren't building anything
• 27:13
  so no this is such a good team I tell people I'm team made I'm never self made you know who
• 27:21
  self made only people who are self made are people who made it right one of the funny parts that
• 27:27
  I've never heard anybody say they're self made who's unsuccessful right but you'll hear people say
• 27:33
  they're teammate I mean they're self made and then they'll think other people like I did this
• 27:39
  for myself it's an internal thing but I'm going to rewind that back right is that being self made
• 27:47
  like I want to say I'm self I'm not teammate I'm not self made I'm teammate is that I could not be
• 27:54
  who I am without my team I couldn't be who I am without my community I want to understand a
• 28:00
  little bit more about like some of these like business building strategies that you teach over
• 28:04
  so you talk a lot about credit understand that makes sense and credit and debt are kind of
• 28:09
  the same thing are they yes or no I just want to make sure that I don't even under credit credit
• 28:13
  I mean credit in debt 100% it's it's it's using somebody else's money using someone's money
• 28:17
  using somebody else's money but not giving equity that's the point you hold on send your business
• 28:21
  you do have interest you've got to be strategic about when you're going to use this
• 28:25
  but what is the what is the tie-in between credit and then building a recession proof business
• 28:32
  no when you build a recession proof business everything pays you three or four ways I hate
• 28:37
  shit that goes one way right the worst entrepreneurs are one-to-one how do you make money I sell this
• 28:42
  what else that's it you fucking failed already you lost you're not built in see if you look I'll
• 28:48
  just use credit since we spoke on it and then I'll go into a business aspect I look at credit
• 28:52
  I having good credit is a security lesson but yeah at least I got it okay cool that's one thing
• 28:57
  if you only have credit and say well if I need it for security purposes or I'm going to use this
• 29:01
  to make money in my business and this is my benefit from it then you already lost that's not
• 29:05
  recent well it's not recession proof you didn't lose but it's not recession proof recession
• 29:08
  proof is going I have a credit card I have $25,000 here but I also I use this in the manner of let's
• 29:17
  say I got a gold American Express card I use it to run advertisements I used to give me four
• 29:23
  points per dollar on paid advertisements I didn't get reward points I get reward points to make
• 29:29
  money now I get reward points that help lower my overhead I mean I can use for expenses so now my
• 29:36
  reward points I can use for groceries toiletries utility bills so now my overhead at home is lower
• 29:43
  I may have another city card or a different credit card that I use for authorized users
• 29:50
  where I help other people build their credit and I don't use this at all for spending I simply add
• 29:56
  you onto my credit card to help you build it and since I help you build your credit by adding you
• 30:00
  onto this credit card you now pay me now I generate six figures a year of a credit card that I don't
• 30:07
  use I don't have debt on I don't have a payment on but now I generate six figures a year from having
• 30:12
  the credit because these are the perks and benefits that I have see that's three different benefits
• 30:17
  I'm making money I'm I'm making money cash flow I'm I'm using debt and going up I will pay
• 30:24
  interest on that but the reward points and things like that is boring down my overhead making my
• 30:29
  business more profitable because at that point if my personal expense a lot of people's personal
• 30:34
  expenses kill their business paying for their rent paying for their groceries paying for their
• 30:38
  toiletries paying more get cell phone bills those kill it that's a three I'm benefiting off of
• 30:43
  something three or four ways every time people put so much money into their business so much energy
• 30:48
  excuse me into their businesses anyways like why put so much energy into your business and then
• 30:52
  like not not sort of optimize as much as possible and that's what you're doing so you do it with
• 30:58
  credit and it's like a recession proof of all businesses you with credit do it with your business
• 31:02
  even like the thing you're talking about credit so not only you're like setting up cards
• 31:07
  so you have authorized users that are they're building their credit but then you're like
• 31:10
  making points off that then you get points off your main credit they're using for your bit
• 31:14
  so I get it it's like you look at you look at strategy not just from one angle from like three or
• 31:20
  four or five different angles every single time all the time everything needs to pay you three or four
• 31:25
  you think about this I look at this and I'll say hey I come on your podcast your podcast
• 31:32
  amazing podcast and now I get to connect with you so one benefit is I get to sit and develop a
• 31:39
  relationship another thing is I get introduced to a new audience another thing is I get content
• 31:45
  with you that I can give people the opportunity to clip and go and react to so I understand clipping
• 31:51
  also I say hey and we're naturally talking we're talking about my business it's also this is a
• 31:56
  it's promotion there's so many different benefits now guess what not only the promotion
• 32:01
  aside of people getting here now I'm also going to retarget my advertisement to your podcast so
• 32:06
  the more the platforms and places I get hey now my my my ads are cheaper I know my ads are cheaper
• 32:12
  when I have warmer leads who have been exposed to me so since you've been exposed to me now guess
• 32:18
  it's gonna cost me less to sell you something or educate you or give your offer it cost me less
• 32:24
  so it's so many different benefits when people do things they go well why would you
• 32:28
  and they don't have their systems put in place because they go oh that makes perfect sense if I say
• 32:32
  hey you know what everybody who's everybody comment the word success or if it was on Instagram right
• 32:37
  to go comment the word success and I'm gonna give you a free seven step guide to recession proof
• 32:42
  your credit if you're like oh cool they go download it but when you get to my website you're gonna
• 32:48
  have to put your name for a number email address there now have your contact rather you download
• 32:52
  the ebook or not and then I'm gonna upset you something else but even if you don't and you click
• 32:56
  and you put success and you go to that website my picks was gonna track you now I'm gonna follow
• 33:01
  you so everything has so many benefits but I think that people only do one or two dimensional
• 33:06
  because they don't want to think or yeah I don't know why I don't know why I think people get
• 33:12
  I think that the to play devil's advocate people say well you should only focus on one thing so
• 33:18
  you do it really really well but I don't think I don't think that I don't think that just finding
• 33:23
  different ways to monetize the thing you're already doing is like really spreading your attention
• 33:27
  too thin I think it's just smart business yeah maybe it's because people don't think hard enough
• 33:33
  about what they're building they don't they don't think strategically they don't think outside
• 33:36
  the box they kind of do the way it's always been done and that's why these conversations are
• 33:41
  needed though yeah I agree because majority of the people that you bring on and your guess they
• 33:46
  think at a different level on percent yeah and and and you get to looking and go wow this is
• 33:51
  these are the moments that allow me to wake up and this is the importance of podcasts is the
• 33:55
  importance of channels like this is because I don't you people may not resonate with me personally
• 34:00
  but something I may say may trigger and go wow you know what I'm looking at you know how else can
• 34:05
  I make money from this what else what other opportunities can I do and I do and and I'm in I
• 34:11
  I'm in knitting who knows right yeah I didn't realize that I'm in knitting and I'm selling
• 34:18
  sweaters here in in in Kansas but I didn't realize that if I made YouTube videos knitting that
• 34:24
  people will actually watch it and I can make money off of you I didn't realize that if I told
• 34:29
  people the best techniques for knitting in in in different patterns that they can use that they
• 34:35
  would download and buy a ebook about it more money don't don't realize that is there's ways to
• 34:41
  monetize every industry career for ways I just want to take a second and thank cornbread ham for
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  dash offer for 60 percent off I'm a big believer that entrepreneurship actually isn't as hard
• 36:59
  as people make it out to be if you know how to stay in the game long enough I mean from your first
• 37:05
  businesses that were kind of just like side hustles that ended up not working out to where you're
• 37:10
  at now to fumbling with Ross and then not not giving up not just taking the L and like rolling with
• 37:16
  it like you just never give up yeah it's literally it like you just never give up like there's
• 37:21
  there's there's like something this for you that's the one common denominator that's that that's
• 37:26
  the one thing it's the one thing in life that I've learned is that hard times are inevitable
• 37:33
  but quitting is a choice how you deal with it is a choice shake on pop up every day people want
• 37:42
  to relax at you every day there's gonna be obstacles in the row every day when you wake up
• 37:48
  just understand it when you when you wake up at the morning be thankful that you had the opportunity
• 37:52
  to go find the obstacles that I get to go navigate it I'm not I'm not afraid to to face
• 37:57
  adversity I'm excited that I get the opportunity and I'm thankful that I get the opportunity to
• 38:02
  because somebody doesn't somebody wanted to be able to fight the to fight to learn taxes to have
• 38:09
  to fight and learn home ownership have to fight on learn how to employ people and they never got
• 38:14
  the opportunity to they never got the opportunity to train people hire and fire people they never
• 38:18
  got the opportunity to do everything's a blessing so for me to wake up every single day that I wake up
• 38:22
  and get the opportunity to go out here and fight a battle I won when I bought my first home
• 38:31
  250,000 I was born homeless I already won so by the time I'm here now where I'm at the things that
• 38:38
  I've been buying private jets rose voices I'll be a fool to complain about a hard time or
• 38:48
  difficulty I'm excited about it this shit get me going every day like yeah what I got to do
• 38:54
  what else I got to figure out how can I be innovative what can change to be better if you've
• 38:59
  thought about about you know when you're when you're young coming up and you thought about like
• 39:04
  what your dream day would be mentioned like you even had your own perfect day laid out
• 39:08
  you've ever thought about how much that has changed and the reason I say that is because
• 39:13
  it's super important for entrepreneurs that are successful super ambitious people
• 39:18
  not to move the goalposts every single time they win you know one of my I tell people all the time
• 39:27
  fuck generation of wealth so gives a sheet I say don't ask me questions about generational wealth
• 39:34
  fuck generational wealth I say that's that's that's a mechanism to help you comfort with your lag
• 39:41
  thereof and to kill your micro accomplishment say micro accomplishments you don't have
• 39:47
  a hundred thousand dollars in savings you don't generate a hundred thousand dollars you live paycheck
• 39:51
  to paycheck why don't you plan for generation of wealth when you gotta get a first day
• 39:57
  we not don't allow people to move your goalposts well it's important fuck out of here it's not
• 40:02
  it's not important it doesn't matter buying a home for the first time matters
• 40:07
  being in the position where you can actually take your family on a vacation matters
• 40:10
  creating an environment where you can love your children that matters fuck generational wealth
• 40:14
  I don't want to leave my kids something when I haven't figured out how to love them properly first
• 40:18
  I'm okay with raising children in an environment where I can love them and raise them properly
• 40:23
  and I may not be able to leave them a hundred million dollars but I left them better off
• 40:27
  than what the fuck I found this I improved it and if we don't do that when you buy your first home
• 40:33
  and you looking at generational wealth you need to have 10 houses in a truss you need to own
• 40:36
  apartment complexes you feel unaccomplished and when you get those micro accomplishments that keeps
• 40:42
  you going those are the things that keep you going this is from somebody who became successful
• 40:47
  I live in a five million dollar house I don't give a fuck about I give a fuck about my quarter
• 40:52
  million dollar house that I bought that was my first accomplishment that allowed me to know
• 40:56
  that I can't have something that belongs to me my daughter came home in a house that had her last
• 41:01
  name on I was born homeless this matters to me this initiated me to work harder because I never
• 41:08
  wanted to lose it I would not be able to four to five million dollar home if I did not buy this house
• 41:13
  and figure out and get scared to shit that man I got approved we have a 30 year mortgage I'm used
• 41:19
  to one year leases now I have to work my ass off so I never lose it I need to be secure enough and
• 41:26
  get into a position where I have this house for 30 years that work ethic took me to where I was at
• 41:31
  where I'm at now that's what takes me there I didn't buy mine I bought a mansion on a country club
• 41:36
  I didn't buy a mansion on a country club to say I have a mansion on a country club I wanted a
• 41:40
  rose Royce my wife says how can you buy a $300,000 car and live in a $250,000 house I say you're
• 41:46
  fucking right but the thing is don't move my goalposts I'm not focused on building generational
• 41:53
  wealth when I haven't built a generational wealth of of of knowledge and experiences I'm not
• 41:57
  trained for it yet but I want to accomplish and be gratitude where I'm at put the set the
• 42:02
  goal line out the goalpost 10 yards out then you can move it but don't allow people to say this
• 42:08
  is what generation well now you're looking way over here and you forgot that wait a minute
• 42:13
  I forgot to put my children in activities that helped them grow I forgot to put my children in
• 42:18
  the environment I don't have to live in a million dollar neighborhood but let me get the hell out of
• 42:22
  this environment where we're scared going to the gas station I'm I can move to this area where
• 42:27
  it's more secure and I'm safer the crime rate is lower the education is a little bit it's better
• 42:34
  yeah I won and then celebrate it no one celebrates that shit that's the issue though people are just
• 42:40
  trying to get the hundred million dollar exit and they and then forget about forget about celebrating
• 42:45
  the small ones on the way to the hundred hundred a hundred million dollar exit they forget about
• 42:48
  their kids they forget about their wife they forget about everything and and they lose themselves
• 42:53
  and you don't realize it because somebody put somebody else put that that goalpost out there
• 42:57
  and you cannot tell me that you didn't wake up and think about man I'm trying to figure out
• 43:00
  if I pay my bills I'm trying to figure out how this but when you go out into society and you go
• 43:04
  out into public and talk they say yo what you working on and you got this big elaborate scheme
• 43:09
  and it's like well why don't you have an elaborate scheme to figure out the small things that
• 43:12
  you're dealing with in face right now right now this tear time in place you have issues and things
• 43:18
  that you need to overcome that you need to be put in all of your elaborate thinking and your high
• 43:23
  level thinking your neurons into right now like but it doesn't it doesn't happen what do you think the
• 43:31
  biggest the biggest misconception about wealth and entrepreneurship successful entrepreneurship is
• 43:38
  that is easy and that it's fun and that you stay motivated and in order to be successful you got
• 43:44
  as they motivate it's a fucking lot nobody stays motivated the reality of it is it's people don't
• 43:52
  even like the shit it's it's fun at first after a while this dude was was the passion you should really
• 44:01
  enjoy what you do and it goes no I enjoyed what I did but once you start doing it at a high level
• 44:08
  you're just great at what you do you figured out how to do it after 10 years the enjoyment is not
• 44:16
  the same it's repetitive now it's repetitive you cannot tell me yeah look at LeBron he just
• 44:22
  loves basketball he probably loves basketball but his daily activities are repetitive for training
• 44:28
  eating muscle recovery the things that he has to do studying watching film that is it's not enjoyable
• 44:34
  as it was is that high school key of playing 100% for us you then how do you stay in the game when
• 44:39
  the motivation dries up when the motivation is all over discipline when motivation don't
• 44:43
  we motivation that isn't present discipline shows up discipline cares you through everything is
• 44:48
  more important to being motivated is more important to being inspired discipline is the most important
• 44:53
  factor you can ever have in your life because it does not matter if you want to do it if you're
• 44:57
  excited to do it or not your discipline will make you do it out of everything you've learned
• 45:02
  in your in your career in your life what would be one lesson that you learned that was a really
• 45:07
  hard lesson that you didn't you you would never wish that lesson on anyone else was so difficult
• 45:13
  but it was useful to you 18 to 25 um still over 100,000 hours of iPhones from spring
• 45:21
  um it cost me two to three years of going to court one being being on the run I will not be
• 45:31
  on the run but not knowing what was going to happen because they I didn't get caught for a while
• 45:35
  it didn't come up about um and then going to court for two years realizing that you're how
• 45:41
  your quick your freedom can be taken from you and then how much time can be taken from you
• 45:48
  because things that you think about you don't things that you see you don't really consider
• 45:52
  time until you realize and you go and say okay yeah with your with your charges you have to
• 45:58
  do a minimum of three years up to a maximum of eleven three years and throughout that time my
• 46:08
  loss everything um I started working at a warehouse and it was a lesson of doing anything for money
• 46:18
  was after my best friend had died and I was just you know what get rich by enemies necessary
• 46:26
  and I'm so thankful for that opportunity that I did not go to prison
• 46:31
  but I'm thankful for those hard years can I ask how you got out of going to prison?
• 46:40
  first offenders yeah so in Georgia when you get a day they allow you to do a first offenders
• 46:44
  where it's your first time getting in trouble they'll give you and grant your probation
• 46:49
  and the first DA would they were upset they was looking and trying to find things about me
• 46:57
  was tough right and so we went to court for two years can I make you up sometimes it's
• 47:03
  it's God I went to the point where I fired my attorney I didn't like him I didn't like how you
• 47:10
  were talking fired him my friend's wife was a attorney and she went and represented me for free
• 47:16
  and she was gonna go in there and see and she showed up she's a black woman I've been fighting
• 47:23
  his DA is all white white woman white man born white judge we walking on the day that she
• 47:33
  decides to represent me the DA switched all black women every other attorney in the courtroom
• 47:46
  that day was white man the DA was all black women but everybody else's representation of legal
• 47:55
  counsel were white man and you could feel the tension of like how they was like going in there
• 48:03
  was going back and forth it was tough and the only place the only person who made them comfortable
• 48:10
  and didn't have a real issue was another black woman
• 48:17
  she said okay they said listen they'll give you first offenders you pay $60,000 in restitution
• 48:27
  how many years you need to pay it they'll give you 15 years probation just to pay the restitution
• 48:32
  once you finish paying the restitution after three years two years it can go away and it'll never
• 48:38
  show like you was arrested first offenders is you you get a free walk free guard I said I'll take
• 48:44
  it I don't know God it's sometimes on your side but I went through all of that time fighting
• 48:51
  that working out of warehouse the whole two years of me fighting that case I worked at a warehouse
• 48:57
  walked out of court that day tired went home went to sleep woke up late for work went to working
• 49:01
  hard started body entrepreneurship journey that was that that's when I started I already knew
• 49:11
  crediting things like that I had no choice but to all the way take it so when I look back
• 49:17
  and I say that was one of the toughest times in my life but one of the most thankful times I've
• 49:23
  ever had to just go you know what this this is a lesson that I wouldn't wish anybody to learn
• 49:34
  but I don't regret it and I'm thankful for it but if people could avoid making financial
• 49:41
  mistakes and committing crimes and never having to learn the legal system I'm much rather
• 49:47
  than you go that way I figure out that there's better ways to make money man I mean that's a
• 49:53
  wild story it's an absolutely wild story what excites you about what you're working on now like
• 49:59
  what do you want people to know about your work if they want to connect with you like I know you do
• 50:05
  a lot you speak you teach up entrepreneurs you help people with like finance credit like what's
• 50:10
  the one thing that if you want to go into your universe and to consume your content my biggest
• 50:15
  thing now is honestly I'm on a goal to help 100 people become millionaires I felt over 60 people
• 50:20
  become millionaires and generate a million dollars in business I'm 2000 people be able to quit
• 50:26
  their job multiple thousands make six figures in multiple six figures the goal is to help over
• 50:33
  100 people create multi-million dollar businesses that's my biggest passion project that I'm working on
• 50:40
  and that's the reason why I do what I do so now like I'm doing credit to cash live
• 50:44
  while I teach people how to turn credit to cash flow how to use credit to create businesses
• 50:49
  properly how you have to clean your credit what that needs to look like and that's my main focus
• 50:54
  right now throughout the rest of this year is really just training people on how to properly
• 51:00
  clean and use your credit report and how what credit cards to use how to not go into debt how to
• 51:07
  be profitable and how to set up a business three step things recession proof is that
• 51:12
  understanding credit understanding how to deploy or deploying capital but how to essentially
• 51:17
  set up a business that makes sense and what operations in your business you need to have
• 51:21
  so that's my and also figure out if a business is working before you take on the credit but when
• 51:26
  it is you throw fuel on that fire exactly I love it dude um also uh socials and website work
• 51:34
  working people can have to do um you can find me on all social media is that him 500 why him 500
• 51:39
  I'm him and the way that I think is 4 to 500 oh he's got 500 so him 500 on all social medias if you
• 51:48
  want to um tap and do some trainings with me you can go to credit to cash live.com and you know
• 51:54
  I'll be I do free trainings and and help people you know be able to grow to business and give
• 51:59
  them a basis of fundamentals that they need last question I'd like to ask uh you get over a lot
• 52:05
  of different like ideas and mindset topics that have worked for you but if you could think of
• 52:08
  just one like the most important one and the way that I say is most important one and you can only
• 52:13
  pass one onto your kids that's why that's why you have to pick one but what would it be and why is
• 52:20
  it so important my most important one if I could pass one of my kids um and just people in general
• 52:28
  is conflict resolution is we only control ourselves it's the one thing I tell my girls and my
• 52:37
  daughters I don't care what other people do to you I don't care what other people say to you I
• 52:41
  don't care how other people treat you I only care how you react I only care how you treat and
• 52:48
  respond because you have control over you I don't have control over what you say to me but I have
• 52:53
  a control over how I perceive it how I receive it and how I respond to it that's the one thing in
• 52:58
  this world that if anything that I will leave people with just realize that you have control over
• 53:03
  you if anything goes good in your life it's because of you and if anything goes bad in your life
• 53:08
  it's because of you and the only person that can change it or make adaptions and it may change
• 53:12
  it to it it's going to be you and so the only thing you can control in this world is you and that's
• 53:17
  one of the biggest biggest things that I realized in my life is that I don't have control over
• 53:21
  nobody else but me