Latest / Earn Your Leisure / Baron Davis on Business, Investing, Financial Mistakes, NBA Contracts, & Basketball

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Baron Davis on Business, Investing, Financial Mistakes, NBA Contracts, & Basketball · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:14
  Speaker 3: You got my god, Baron Davis oh Man. So let's
• 1:19
  Speaker 3: get into this. So we're gonna We're gonna have a
• 1:21
  Speaker 3: couple of different segments in this in this conversation. The
• 1:23
  Speaker 3: first segment is we're gonna ask you questions and they're
• 1:26
  Speaker 3: all related to credit. First question is a true or false?
• 1:30
  Speaker 3: So you got fifty to fifty chances on this. The
• 1:32
  Speaker 3: higher your income, the better your credit score.
• 1:36
  Speaker 4: That's false.
• 1:37
  Speaker 3: Yes, that is false, ladies and gentlemen experience. Yes, that
• 1:45
  Speaker 3: is false. You know, just because somebody makes a lot
• 1:46
  Speaker 3: of money doesn't necessarily mean they have the best credit. True. False.
• 1:50
  Speaker 5: An excellent credit profile can translate into big financial savings.
• 1:56
  Speaker 4: I guess ask the question again. That's a truck question,
• 2:01
  Speaker 4: bro true, he said truth.
• 2:02
  Speaker 5: I don't know say false. Yeah, Well, I'm going to
• 2:05
  Speaker 5: take the true answer that you said the second time,
• 2:07
  Speaker 5: because it's true.
• 2:08
  Speaker 4: Why.
• 2:08
  Speaker 5: Good credit can help you qualify for better interest rates
• 2:11
  Speaker 5: and terms on everything from credit cards to car loans,
• 2:14
  Speaker 5: to mortgage to business loans. Right, So if you have
• 2:17
  Speaker 5: a good credit profile, you'll get a better answer.
• 2:19
  Speaker 4: You can get yeah on a lot of those things.
• 2:21
  Speaker 3: All right, Multiple choice. Which of the following helps your
• 2:24
  Speaker 3: credit score? A on time bill payments, B A long
• 2:29
  Speaker 3: and diverse credit history, C using less than thirty percent
• 2:33
  Speaker 3: of your credit limit. D all of the above.
• 2:36
  Speaker 4: D all of the above.
• 2:37
  Speaker 5: Yes, you've been out the league for some time now,
• 2:42
  Speaker 5: So tell us about your approach to budgeting when you
• 2:45
  Speaker 5: were in the league versus how you approach budgeting now.
• 2:48
  Speaker 5: What's changed, whether any positive behaviors that you practice then
• 2:52
  Speaker 5: or negative ones that you practice that.
• 2:54
  Speaker 2: You got rid of.
• 2:55
  Speaker 4: I would say when I was in the league, it
• 2:57
  Speaker 4: was my life was super, super simplified, and so for me,
• 3:02
  Speaker 4: it was like thinking about my budgetship fit my routine.
• 3:07
  Speaker 4: So I spent a lot of money on CDs, movies,
• 3:12
  Speaker 4: movie tickets, you know, and clothes. But I would think,
• 3:15
  Speaker 4: you know, my routine was just so geared on basketball.
• 3:19
  Speaker 4: And I always say this to basketball players, and it
• 3:22
  Speaker 4: puts me back on track. Even now that I have
• 3:26
  Speaker 4: companies and payroll and rent and employees and all kind
• 3:30
  Speaker 4: of stuff I don't want to deal with. And so
• 3:32
  Speaker 4: anytime that I get kind of besides myself now as
• 3:37
  Speaker 4: a retired athlete, I get to get back to my
• 3:40
  Speaker 4: basketball routine, I would say. Now on the budgeting side,
• 3:44
  Speaker 4: it's just you have to be extremely, extremely organized between
• 3:49
  Speaker 4: your personal your business. Right.
• 3:54
  Speaker 5: This episode is brought to you by P and C Bank.
• 3:56
  Speaker 5: A lot of people think podcasts about work are boring. Sure,
• 4:00
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• 4:38
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• 4:41
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• 5:44
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 5:48
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 5:52
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 5:56
  Speaker 1: filming and selling child pornography in Michigan just some of
• 6:00
  Speaker 1: the heinous migrant criminals caught because of President Donald J.
• 6:04
  Speaker 1: Trump's leadership. I'm Christy Noman, the United States Secretary of
• 6:08
  Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
• 6:13
  Speaker 1: at the lowest levels ever recorded, and over one hundred
• 6:16
  Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
• 6:21
  Speaker 1: your next you will be fine nearly one thousand dollars
• 6:24
  Speaker 1: a day imprisoned and deported, you will never return. But
• 6:28
  Speaker 1: if you register using our CBP home app and leave now,
• 6:32
  Speaker 1: you could be allowed to return legally. Do what's right.
• 6:36
  Speaker 1: Leave now. Under President Trump America's laws, border and families will.
• 6:41
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security,
• 6:44
  Speaker 2: and then.
• 6:45
  Speaker 4: Whatever family, leisure, miscellaneous. And you have to create hard numbers,
• 6:52
  Speaker 4: you know what I mean. When I was younger, it
• 6:53
  Speaker 4: was like, all right, I got a little soft buffer,
• 6:55
  Speaker 4: but you have to create hard numbers. And as you
• 6:58
  Speaker 4: get older, you have to see, aren't deleting people off
• 7:02
  Speaker 4: of your runner show.
• 7:04
  Speaker 3: If you could go back ten fifteen years, what would
• 7:07
  Speaker 3: you tell yourself as it relates to finances, Like, what
• 7:10
  Speaker 3: would you tell your younger self as it relates to
• 7:13
  Speaker 3: dealing with money?
• 7:14
  Speaker 4: So I would probably just teach the younger Baron Davis
• 7:19
  Speaker 4: that where you're gonna get to is really is all
• 7:22
  Speaker 4: about the space that you're in. Learn basketball, learn the
• 7:25
  Speaker 4: people around you. If you want to be in finance,
• 7:29
  Speaker 4: there's a finance person that works for the team. If
• 7:32
  Speaker 4: you want to be in marketing and media, there are
• 7:34
  Speaker 4: all these people around you. So I would I would
• 7:36
  Speaker 4: more so program the younger version of myself to be
• 7:44
  Speaker 4: focus on developing relationships. Relationships.
• 7:48
  Speaker 3: What do you think that we can do better to
• 7:50
  Speaker 3: educate new players and fans about credit.
• 7:55
  Speaker 4: Credit games, credit trivia, credit rewards. I feel like the
• 8:00
  Speaker 4: best way to educate is to game of five right,
• 8:05
  Speaker 4: And for athletes, we learn by making mistake, correct mistake,
• 8:10
  Speaker 4: then being successful. But we have to learn in real time.
• 8:13
  Speaker 5: So this is the final segment. So we heard what
• 8:16
  Speaker 5: you said, and we'll take a synopsis of it and
• 8:19
  Speaker 5: give you the feedback on what we think about the
• 8:21
  Speaker 5: answers from our interpretation.
• 8:23
  Speaker 3: So what I got from Barron is that you always
• 8:29
  Speaker 3: have to develop relationships, right. I feel like getting to
• 8:34
  Speaker 3: know you Now we're in a lot of the same circles,
• 8:36
  Speaker 3: and all of those circles are relationship based, but it
• 8:38
  Speaker 3: really is who you know, and not just who you know,
• 8:41
  Speaker 3: but actually developing real relationships with those people. So it
• 8:45
  Speaker 3: doesn't necessarily have to be the highest ranking relationship. You
• 8:48
  Speaker 3: don't have to have Barack Obama's phone number, but your
• 8:52
  Speaker 3: next door neighbor could change your life. That's the fact.
• 8:55
  Speaker 3: Be important.
• 8:55
  Speaker 5: I think a couple of things I took away from it,
• 8:58
  Speaker 5: Number one being the most important person in your financial
• 9:00
  Speaker 5: freedom is you. People always ask me what's my favorite
• 9:03
  Speaker 5: financial advice, and I always say it's playing for the future,
• 9:05
  Speaker 5: because you're gonna be older a lot longer than you're
• 9:07
  Speaker 5: gonna be younger. Yeah, but I'm looking at what's gonna
• 9:09
  Speaker 5: look like in ten to fifteen years, right, and that's
• 9:11
  Speaker 5: gonna be a lot different. The money's gonna slow down.
• 9:13
  Speaker 5: But I need to to save my lifestyle. I need
• 9:15
  Speaker 5: to create. And so you were looking at the future
• 9:18
  Speaker 5: while you were in the present. And so I think
• 9:19
  Speaker 5: that's something that a lot of NBA and a lot
• 9:21
  Speaker 5: of athletes really should really take heed too. So that's
• 9:24
  Speaker 5: one of those things I'm like, Hey, he really living
• 9:26
  Speaker 5: in bodying me. So we appreciate you coming good.
• 9:28
  Speaker 4: Thank you.
• 9:29
  Speaker 3: Make some noise for the legendary Baron Davis.
• 9:37
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 9:40
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 9:44
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 9:49
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 9:53
  Speaker 1: some of the heinous migrant criminals caught because of President
• 9:56
  Speaker 1: Donald J. Trump's leadership. I'm Christinomanited States Secretary of Homeland Security.
• 10:02
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 10:06
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 10:10
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 10:14
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 10:18
  Speaker 1: and deported. You will never return. But if you register
• 10:22
  Speaker 1: using our CBP home app and leave now, you could
• 10:25
  Speaker 1: be allowed to return legally. Do what's right. Leave now.
• 10:30
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 10:35
  Speaker 2: Sponsored by the United States Department of Homeland Security,