Latest / The Breakfast Club / INTERVIEW: John Hope Bryant Debunks The Myths of Capitalism, Talks Inclusive Economics, New Book + More

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INTERVIEW: John Hope Bryant Debunks The Myths of Capitalism, Talks Inclusive Economics, New Book + More · The Breakfast Club

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  Speaker 1: I don't know.
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  Speaker 2: Every day a week ago clicks up the breakfast club.
• 0:05
  Speaker 3: You don't finish for y'all done.
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  Speaker 4: Morning, everybody is dj n V. Just hilarious.
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  Speaker 5: Charlamagne the God, we are the breakfast club. Law La
• 0:12
  Speaker 5: roses here as well. We got a special guest.
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  Speaker 4: In the building. Indeed, John ho'brien is back. Welcome to
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  Speaker 4: be with you right now. Capitalism for all available right
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  Speaker 4: now now.
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  Speaker 2: You know that's a provocative title, capitalism for all. People
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  Speaker 2: will say it sounds good, but has capitalism in America
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  Speaker 2: ever actually been for all?
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  Speaker 1: Not? Really?
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  Speaker 3: And is it good?
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  Speaker 1: Fall can be? I mean, look, the Bible says money's
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  Speaker 1: not evil. It's the love of money. This evil. And look,
• 0:43
  Speaker 1: you know two thousand eight economic crisis was really bad
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  Speaker 1: for a lot of people. Wasn't bad for me. I
• 0:49
  Speaker 1: didn't take one of those reverse subprime mortgages with a
• 0:53
  Speaker 1: negative ammonization loan. Pick a payment where every payment you
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  Speaker 1: made you were a broker, you owed more money after
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  Speaker 1: every payment. It was a negative amortization loan. That's financial literacy,
• 1:05
  Speaker 1: that's people taking advantage of our people. You know, good
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  Speaker 1: capitalism is where I benefit and you benefit more.
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  Speaker 3: No, you've been benefiting for a long time.
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  Speaker 1: No, no, stand by good capitalism. My definition good capitalism where
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  Speaker 1: I benefit and you benefit more. So, it's about designing
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  Speaker 1: a comb or glasses into that jacket. Uh And you know, okay,
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  Speaker 1: I like the jacket. The glasses make me enhance my look,
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  Speaker 1: that's worth the money I'm paying for. Bad capitalism is
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  Speaker 1: where I benefit and you pay a price for it.
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  Speaker 1: Rate murder, sex trafficking, drug dealing. You know, we can
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  Speaker 1: talk with gangsterism on Wall Street or Main Street. Good
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  Speaker 1: debt and bad debt, right. Good debt is something just tied.
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  Speaker 1: Is something that appreciates, real estates stocks, bonds, and businesses.
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  Speaker 1: Bad debts tied something into depreciates financing, jewelry, you know.
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  Speaker 1: And so all these things are neutral. It depends how
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  Speaker 1: you use them. Right. So something hit me two days
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  Speaker 1: ago when I was preparing to come in here, and
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  Speaker 1: I didn't want to come in here with just talking
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  Speaker 1: about a book, because it's not about the book. It's
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  Speaker 1: about this is about a business plan for the rest
• 2:23
  Speaker 1: of our lives, and how to explain that. It hit me,
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  Speaker 1: like we're in the third reconstruction right now, from the
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  Speaker 1: streets to the suites, the color the only, the only,
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  Speaker 1: the only color blind color is economic green. That's the
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  Speaker 1: only color blind color. Now, Second Reconstruction, we thought we
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  Speaker 1: I'm talking about black people now. We thought we made it.
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  Speaker 1: We thought we were free. Uh, reality is, we didn't
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  Speaker 1: make it. Somebody made it for us. Andrew Young, who
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  Speaker 1: is here, Ambassador Andrew Young, Doctor Martin the King Jr.
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  Speaker 1: Doctor Dorothy Hyke, Redit Scott King, the heroes and she
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  Speaker 1: ros of the Second Reconstruction, and the president, President Johnson,
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  Speaker 1: and the legislatures created these this infrastructure post Slavery, First
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  Speaker 1: Reconstruction freedom where we had a furtive action. We had
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  Speaker 1: do you call it DEI? Now you had set aside contracts,
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  Speaker 1: you have, you have, you have voting rights and all
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  Speaker 1: public access laws. So we're like, okay, cool, we're free. No,
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  Speaker 1: you're in a bubble. We're in a seventy year bubble
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  Speaker 1: of protection. It's deep when you think about this. We
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  Speaker 1: thought we were operating in the free enterprise system and
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  Speaker 1: the capitalism and we were out here doing our thing,
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  Speaker 1: and no, you're operating in a padded sale.
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  Speaker 3: Expound on that.
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  Speaker 1: This is it only hit me a couple of days ago.
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  Speaker 1: I've I've been wondering like, why am I so uncomfortable?
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  Speaker 1: Why do I think we're in trouble. We thought that
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  Speaker 1: when we got that job in the sixties, were we
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  Speaker 1: go to the lunch counter in the sixties, that we
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  Speaker 1: were free. We thought, okay, we got the right tool.
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  Speaker 1: We got No, that was dependent upon somebody else, according
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  Speaker 1: you respect and dignity. It was dependent upon the government
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  Speaker 1: always being fair and reasonable. It was dependent upon the popular,
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  Speaker 1: the public turning against us. It was dependent upon doctor
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  Speaker 1: King Andrew Young others given their life so that we
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  Speaker 1: might have life, so that we had the right to vote.
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  Speaker 1: I mean it's literally codified in the constant, you know,
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  Speaker 1: in the amended Constitution, so we would have the right
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  Speaker 1: because we were considered property. So these things were afforded us,
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  Speaker 1: not provided to us. It wasn't an original thing, was
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  Speaker 1: it was a layered on thing. It was a box
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  Speaker 1: of protection that thank god, all that came before us
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  Speaker 1: gave us. But they gave it to us. We didn't
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  Speaker 1: give it to ourselves, and we don't own it and
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  Speaker 1: it could be taken away and we're seeing no boom
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  Speaker 1: and what hit me? Why am I so uncomfortable? We
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  Speaker 1: cast a check, We don't write it. We had access
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  Speaker 1: the lunch counter, we don't own it. We bounced the basketball,
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  Speaker 1: we don't own the stadium. I was hit a basketball
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  Speaker 1: game with Tony wrestler owner the Land of Hogs, my
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  Speaker 1: business partner's friend, two weeks ago. They won that night
• 5:12
  Speaker 1: and he was very happy. But I was in the
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  Speaker 1: players area where they parked the cars. I mean it
• 5:19
  Speaker 1: looked like a parking lot. It looked it looked like
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  Speaker 1: one of your car shows. It was absolutely beautiful, and
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  Speaker 1: I'm so proud these brothers legitimately making their money and
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  Speaker 1: all that kind of thing. The humblest car in the
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  Speaker 1: whole parking lot was Tony, the only one not dripping
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  Speaker 1: in jewelry. Tony Tony Jean's on a pullover, his wife
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  Speaker 1: Jamie Gertz dressed down. They worth I don't know. I
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  Speaker 1: don't tell their business.
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  Speaker 2: But fifteen billion executive producer of Magic City documentary too.
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  Speaker 3: By the way, Black people.
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  Speaker 1: Really cool people. They put their money where their mouth is.
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  Speaker 1: But we don't own that they do. And he paid
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  Speaker 1: the players with his petty cash. But the players are
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  Speaker 1: are are not flossing, but they're flowing like they own
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  Speaker 1: the whole situation. I mean they own the I asked Tony,
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  Speaker 1: how much is the front row cost? I looked there, Tony,
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  Speaker 1: by the way, Tony's up at the tenth row. We up,
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  Speaker 1: you call it a nose seats wherever the tenth row.
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  Speaker 1: I'm cool with it. I'm with the owner. But down
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  Speaker 1: He's like, oh yeah, that's he knew the price of
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  Speaker 1: every seat thirty five hundred per ticket, per seat, per game.
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  Speaker 1: He knew and because he che Chean chi ching cha chean.
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  Speaker 1: Another billionaire friend of mine used to own strip clubs
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  Speaker 1: and and uh and all kinds of other clubs. And
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  Speaker 1: he said to me one day, we should go to
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  Speaker 1: one of these clubs. I'm like, we mean, we mean
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  Speaker 1: we should go to the Then you own these clubs.
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  Speaker 1: I've never been no one. My children have never been
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  Speaker 1: the one. My family have never I won't let them go.
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  Speaker 1: He for twenty years, he bought them, owned them, sold them.
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  Speaker 1: So I'm looking at the system and saying, we cast
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  Speaker 1: that check. We never wrote it. We didn't. We weren't.
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  Speaker 1: We didn't graduate to owning the company or CEO at scale.
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  Speaker 1: We didn't graduate to ownership. We didn't. We didn't take
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  Speaker 1: the next leptic. We got comfortable in the second Reconstruction,
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  Speaker 1: and then when the mood shifted in this country, it
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  Speaker 1: all fell away and and and what hits me now
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  Speaker 1: is falling away all at once. And now you have
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  Speaker 1: a government that's either neutral to you or hostile. We
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  Speaker 1: never had this in the history of this country at
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  Speaker 1: the federal level. You had a mayor, you had a governor.
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  Speaker 1: Never at a federal level. So now the civil rights
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  Speaker 1: assumptions are fading away. People are talking about white people
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  Speaker 1: are being discriminated against. They're flipping the Civil Rights Acts
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  Speaker 1: on some on their heads. You can't, so you're on
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  Speaker 1: your own. You cannot rely on the government. You've been
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  Speaker 1: thrown into three hundred thousand black women last year conservative
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  Speaker 1: number work unemployed, qualified competent people. The unappointed rate for
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  Speaker 1: black people is double the national average today and growing.
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  Speaker 1: So you have economically, we're being thrown into the fire.
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  Speaker 1: Politically we've thrown into the fire. Socially you're thrown into
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  Speaker 1: the fire right an AI changing the game all at
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  Speaker 1: the same time. So you know what, we've been doing
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  Speaker 1: so much with so little for so long. We could
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  Speaker 1: almost do anything with nothing. We just need to master
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  Speaker 1: this new game because to quote Reverend Jesse Jackson, where
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  Speaker 1: the got rest of soul, where the rules are published,
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  Speaker 1: and then playing for this level, we kill it the arts.
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  Speaker 1: Top of the game combat. Congratulations on Netflix, by the way,
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  Speaker 1: congratulate top top of the game, not the Black game,
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  Speaker 1: not the Brown game, the game faith our brother, Bishop
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  Speaker 1: TD Jakes, and many others. Politics, from slavery to the
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  Speaker 1: President the United States of America, President Barack Obama. Professional sports.
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  Speaker 1: Too many examples to name. Jordan's not gone from basketball
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  Speaker 1: to NASCAR, by the way, congratulates on your on your
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  Speaker 1: sponsorship of a NASCAR team. I'm paying attention, but we
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  Speaker 1: haven't done it in capitalism, and we're in a capitalist democracy.
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  Speaker 1: It's the music business. It's the business of music. It's
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  Speaker 1: the sports business. It's the business of sports. Nothing happens
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  Speaker 1: without understanding how the money moves and the dollar works,
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  Speaker 1: and how wealth was created. But no one gave us
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  Speaker 1: that memo. That's my fourth book, and no one told
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  Speaker 1: us about cinential literacy. That's my last book. And no
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  Speaker 1: one's gained us an ungained capitalism. That's this book. And
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  Speaker 1: God has a sense of humor. Coincidence is God's way
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  Speaker 1: of remaining anonymous. Andrew Young quote, We're on the two
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  Speaker 1: hundred and fiftith anniversary of America. It's one hundred anniversary
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  Speaker 1: of black history. Mom, thank you. Carter G. Woodson can't
• 9:52
  Speaker 1: make this up. And for the first time in the history,
• 9:55
  Speaker 1: you cannot have a future. You cannot have a country
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  Speaker 1: that's you never had a country. It wasn't the superpower
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  Speaker 1: of the world. If it wasn't the economic power ever
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  Speaker 1: Rome all the way forward. You cannot now have a superpower.
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  Speaker 1: The economic power without black, brown people and women never
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  Speaker 1: happened in the history of America. But the democraphics have shifted,
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  Speaker 1: and so now they need us to succeed.
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  Speaker 2: When you say we've never done it in capitalism, what
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  Speaker 2: about the Bob Johnson, Robert Smith's, David Stewart's the Byron Island.
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  Speaker 1: Somebody told me yesterday forget who it was. I don't know.
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  Speaker 1: I think it was Bishop TD Jakes. If you've got
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  Speaker 1: a when you can name the success stories we failed,
• 10:39
  Speaker 1: mm hmm, name white entrepreneurs. It's just name name white billionaires,
• 10:47
  Speaker 1: Name Jewish billionaires. If you can't, it's just too many.
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  Speaker 3: Do you have to be a billionaire to be in
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  Speaker 3: the top of the game account.
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  Speaker 1: No, no, I just know. I was just I was just
• 10:54
  Speaker 1: given that as a as a category, I mean name black, sorry,
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  Speaker 1: name white. Multi millionaires are sent to millionaires. There's too
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  Speaker 1: many to name. It doesn't matter what category, small business owners, fortune,
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  Speaker 1: five hundred CEOs, it's too many to name. But when
• 11:09
  Speaker 1: you come to black people, you literally can go, oh,
• 11:13
  Speaker 1: you know, and by the way, kudos on that. Fantastic.
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  Speaker 1: It's a north star. But it's the exception, not the rule.
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  Speaker 1: I want to make it the rule. I sent you
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  Speaker 1: a video yesterday. Remember of all these these white folks,
• 11:26
  Speaker 1: they are on vacation. Everybody's walking around on their phone,
• 11:30
  Speaker 1: short pants, t shirt, everbody's working. It's like this is
• 11:32
  Speaker 1: business leader with business leaders look like on vacation. Everybody's
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  Speaker 1: on there. I want to see that with Black America
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  Speaker 1: and Brown America everywhere every city.
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  Speaker 2: Are you trying to fix capitalism or sell people on
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  Speaker 2: believing in the system that hasn't always.
• 11:44
  Speaker 1: Worked for I want to. I want to. I don't
• 11:46
  Speaker 1: want to do either. I want to upgrade the software.
• 11:49
  Speaker 1: So I guess you'd call it fix it, but I
• 11:50
  Speaker 1: I want to. I want to. I want to repair it.
• 11:53
  Speaker 1: And I want to upgrade it. I also want to
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  Speaker 1: upgrade us as we do it, because even if capitalism
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  Speaker 1: was was prepared, we aren't prepared for the for the moment.
• 12:04
  Speaker 1: In my opinion, there was like one hundred billion dollars
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  Speaker 1: committed to black people and brown people after George Floyd's murder.
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  Speaker 1: You see none of them, none of it, not one dollar.
• 12:15
  Speaker 1: The press release was issued, but we we never get
• 12:18
  Speaker 1: we never got to the point where we went to
• 12:20
  Speaker 1: with the business plan to whoever was was on the
• 12:23
  Speaker 1: press release. Hey, I want to I want to move
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  Speaker 1: on ten million dollars of that equity, twenty million dollars
• 12:30
  Speaker 1: of that debt. I want to buy that company. I've
• 12:33
  Speaker 1: got my luck, my my lending set up. I've already
• 12:35
  Speaker 1: got the credit right, I got you know, I understand
• 12:37
  Speaker 1: the economic structure of my l season place. I already
• 12:41
  Speaker 1: got bonding from. You know, we weren't playing the game
• 12:44
  Speaker 1: and the way the games need to be played.
• 12:46
  Speaker 2: You know who used to make make sure that those corporations,
• 12:48
  Speaker 2: you know, did what they said he was gonna doend
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  Speaker 2: Jesse Jack.
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  Speaker 1: Yeah, yes, but we got to yes, but we now
• 12:55
  Speaker 1: we even he would say he shook the tree he
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  Speaker 1: needed us to make He needed us to plant the
• 13:00
  Speaker 1: seed and make and make it into something. We don't
• 13:03
  Speaker 1: need tree shakers now, just just tree shakers. We need
• 13:06
  Speaker 1: plant makers. We need to build the plant. We need to.
• 13:09
  Speaker 1: We need to we need to go from PhD to PhD.
• 13:13
  Speaker 1: And we have to do this right now. I mean,
• 13:15
  Speaker 1: this is the fierce urgency of now. To quote doctor King,
• 13:18
  Speaker 1: this is this is that moment of both problem and
• 13:22
  Speaker 1: opportunity artificial intelligence. To quote Van Jones, Black people don't
• 13:27
  Speaker 1: know a thing about AI, but nine percent of white
• 13:31
  Speaker 1: folks don't know a thing about AI either. And the
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  Speaker 1: first jobs is taken are white people, white middle class attorneys, accountants,
• 13:40
  Speaker 1: anybody who's in it need to be processed. That six
• 13:43
  Speaker 1: figure incomes gone away instantly. That's gonna come for customer
• 13:47
  Speaker 1: service jobs. But we we you can't fall from the floor.
• 13:52
  Speaker 1: And the very and the very thing that we uh
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  Speaker 1: we're good at has never valued being creative, duckling, being innovative,
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  Speaker 1: being resilient over the round and throw I'm going to
• 14:03
  Speaker 1: get to it, being creative. These are very leadership. These
• 14:07
  Speaker 1: are the very things that AI can't do.
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  Speaker 5: Now, this conversation that would happen. I feel like we
• 14:12
  Speaker 5: have this conversation every two years. Right, we talk about
• 14:15
  Speaker 5: put a mirror into our community, and we talk about
• 14:18
  Speaker 5: that we don't have home ownership, that you know, we
• 14:20
  Speaker 5: don't have assets, and we look at all the things that.
• 14:25
  Speaker 4: A lot of us do have, whether it's cars, it's jewelry,
• 14:28
  Speaker 4: it's this. When does that change? And we start going
• 14:32
  Speaker 4: into a plan to do something different?
• 14:35
  Speaker 1: Right?
• 14:35
  Speaker 5: When does that change? Because we have these conversations every year,
• 14:37
  Speaker 5: you know, and you know, we'll say, hey, look at
• 14:39
  Speaker 5: the owner of the company. He's wearing an ugly polo
• 14:42
  Speaker 5: on some khakis and everybody else is wearing ten thousand
• 14:45
  Speaker 5: dollars Chromehaart jeans.
• 14:46
  Speaker 4: Right, we go through this every every couple of years.
• 14:50
  Speaker 4: But how do we change that? Because if not, it's
• 14:52
  Speaker 4: just the same conversation over and over again.
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  Speaker 1: Right.
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  Speaker 5: And you talked about the two thousand and eight market,
• 14:57
  Speaker 5: the real estate market that fell, and yeah, it felt
• 15:00
  Speaker 5: because I think a lot of people that didn't have
• 15:02
  Speaker 5: means found it their only way to get in. Right,
• 15:04
  Speaker 5: because a lot of people's credit scores were low, a
• 15:07
  Speaker 5: lot of people didn't have the finances to put down
• 15:09
  Speaker 5: on their first home. A lot of people don't know
• 15:11
  Speaker 5: much about it. I remember in that two thousand and
• 15:13
  Speaker 5: date market. I think my interest rates at the time
• 15:15
  Speaker 5: when I bought my house was like twelve percent.
• 15:17
  Speaker 4: That's right, that was the average, right, I didn't know
• 15:19
  Speaker 4: any better.
• 15:21
  Speaker 5: I have a friend at the time, which was was
• 15:23
  Speaker 5: Buster ROMs, and bust Robs was like, use my guy,
• 15:25
  Speaker 5: and you use this guy and you think twelve percent
• 15:27
  Speaker 5: is what you what it is?
• 15:28
  Speaker 4: And then you learn, So how do we change that?
• 15:31
  Speaker 1: You know?
• 15:32
  Speaker 4: Because people don't know who to trust anymore.
• 15:33
  Speaker 1: Right, So first of all, I never let the perfect
• 15:37
  Speaker 1: become the death of the good. So I'm glad you
• 15:41
  Speaker 1: got in the game in two thousand and eight. I
• 15:43
  Speaker 1: almost lost my house in two thousand and eight. It
• 15:46
  Speaker 1: was even not because I got a bad mortgage, but
• 15:48
  Speaker 1: it was some other things going on. But you know,
• 15:50
  Speaker 1: it went down in value. All my friends told me
• 15:53
  Speaker 1: to sell it. They were broke. Luckily I didn't. But
• 15:57
  Speaker 1: I couldn't pay the property taxes easily, and I rented
• 16:01
  Speaker 1: out to a police officer, a black police officer to
• 16:04
  Speaker 1: be specific in LA. He didn't pay his rent right
• 16:07
  Speaker 1: on time, but I held onto it and it went
• 16:09
  Speaker 1: from two hundred thousand. I bought it for two hundred thousand,
• 16:11
  Speaker 1: down one hundred and sixty or something. Everybody sees sales sale.
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  Speaker 1: I holed out onto it, and five years later I
• 16:17
  Speaker 1: looked up it's worth seven hundred fifty thousand dollars and
• 16:19
  Speaker 1: I sold it and got a capital gains. Took that
• 16:20
  Speaker 1: money ten thirty one text for exchange, flipped dinnital property
• 16:23
  Speaker 1: now worth five million. But so I don't begrudge you
• 16:28
  Speaker 1: or anybody else trying and getting the game. You were
• 16:31
  Speaker 1: actually pioneering. Actually, and everybody who tried were pioneering. But
• 16:35
  Speaker 1: pioneers get arrows. Here's what gives me a hope. Man,
• 16:41
  Speaker 1: I'm trying to do this right. Get emotional. I went
• 16:43
  Speaker 1: to Delta last night late. We coach all one hundred
• 16:47
  Speaker 1: thousand Delta employees that operational. But the person who sent
• 16:50
  Speaker 1: me at the curb, young lady. She put out her
• 16:52
  Speaker 1: marriag Express Blue card and then there were a marri
• 16:55
  Speaker 1: Express Platinum card and she's like, I've been on this
• 16:59
  Speaker 1: this grin for two years is John. My credit score
• 17:01
  Speaker 1: is seven eleven. And she knew she knew everything about
• 17:04
  Speaker 1: her entire financial picture. I didn't start this conversation. She
• 17:07
  Speaker 1: ran her mouth from the time we had that curve
• 17:11
  Speaker 1: the time I got on that plane talking about her
• 17:13
  Speaker 1: life and how it completely transfer and her self esteem
• 17:16
  Speaker 1: is up. I get on the plane, three people walk on.
• 17:18
  Speaker 1: Can I get a picture? This is?
• 17:21
  Speaker 3: This is?
• 17:21
  Speaker 1: This is y'all in the use of this. I've been
• 17:24
  Speaker 1: doing this for thirty three years. I don't know what happened.
• 17:26
  Speaker 1: It's like it's like a switches flipped and I've had
• 17:29
  Speaker 1: a billion video views in two years. But this thing
• 17:33
  Speaker 1: I'm having to talk about right now, this is like
• 17:35
  Speaker 1: the last eight months. I can't go anywhere. I'm on
• 17:38
  Speaker 1: the plane. Can I get a picture? I get off
• 17:40
  Speaker 1: the plane? Yo, man, what's up coming at midnight? Something's happened. Man,
• 17:46
  Speaker 1: I don't know what it is, but it's inspiring.
• 17:48
  Speaker 3: And you're not saying that because of for ego purposes.
• 17:51
  Speaker 3: You're saying that because I know what I'm saying.
• 17:55
  Speaker 1: People are information. It's not nothing to do with me.
• 17:58
  Speaker 1: I've been saying this for thirty three If I was
• 18:01
  Speaker 1: a special ship been special thirty years ago, there's nothing
• 18:04
  Speaker 1: to do with me. I'm emotional because I'm like my
• 18:08
  Speaker 1: people smart. We get in the memo, I'm not screaming
• 18:12
  Speaker 1: into the wilderness. I just think, you know, doctor King
• 18:16
  Speaker 1: gave that I have a dream speech man a hundred
• 18:18
  Speaker 1: times before the March on Washington, so many times that
• 18:22
  Speaker 1: Mahelia Jackson said, if you looked at the tape, she's
• 18:25
  Speaker 1: off to the left, tell him about the dream. Martin translation,
• 18:28
  Speaker 1: I've heard this speech so many dang on times. Will
• 18:30
  Speaker 1: you please give me something original? And he ripped. He
• 18:33
  Speaker 1: started rapping black children, white children, using but before that
• 18:36
  Speaker 1: he thought he was not effective. And there's a so
• 18:40
  Speaker 1: many leaders. I'm sure you show up here and what
• 18:43
  Speaker 1: you're saying. Now, we've been talking about this for every
• 18:45
  Speaker 1: two years. I just think you gotta wait for the moment.
• 18:49
  Speaker 1: You can't go to grace, but you prepare yourself well
• 18:52
  Speaker 1: for the coming of grace to you our people as
• 18:55
  Speaker 1: smart man. But if it looks easy, if it looks
• 18:58
  Speaker 1: like there's an easier route, we don't take it. That's
• 19:01
  Speaker 1: human nature. Nobody changes in good times. Why would you
• 19:05
  Speaker 1: you just go shopping? We only change in bad times.
• 19:08
  Speaker 3: But capitalism is a dirty word to a lot of people,
• 19:12
  Speaker 3: like they don't even want to hear it. They hear
• 19:14
  Speaker 3: the word billionaires. They hear the word.
• 19:16
  Speaker 2: Capitalism, they just think it's something evil. They think that
• 19:20
  Speaker 2: it's ruined America. It hasn't worked for everybody. What do
• 19:23
  Speaker 2: you say to those folks?
• 19:24
  Speaker 1: That's wrong. It's wrong on several levels. First of all,
• 19:28
  Speaker 1: people say, let's go let's not even talk about billionaires,
• 19:31
  Speaker 1: just talk about rich I hate rich people. I hear
• 19:33
  Speaker 1: it's all those times I hate rich people. No, you don't.
• 19:38
  Speaker 1: You hate rich people until you become rich. What you
• 19:43
  Speaker 1: hate is a game system. What you hate is that
• 19:47
  Speaker 1: you've been working two jobs. You tell it from the floor.
• 19:50
  Speaker 1: You got too much month at the end of your money,
• 19:52
  Speaker 1: and no matter how hard you work, you can't seem
• 19:54
  Speaker 1: to good bye. And so you look at these people
• 19:56
  Speaker 1: who are half wits and people are half as smart
• 19:58
  Speaker 1: as you are the top, and you go, if they're
• 20:02
  Speaker 1: winning and I'm losing, if I'm taking an al, they
• 20:05
  Speaker 1: must be crooks. The system must be rigged. No, if
• 20:07
  Speaker 1: you hang around nine broke people, you'll be the tenth. Right.
• 20:11
  Speaker 1: Why if you go to Harvard because it's gonna make
• 20:13
  Speaker 1: you five times smarter than state university. No, the class
• 20:17
  Speaker 1: of twenty twenty six at Harvard, it's gonna hook each
• 20:19
  Speaker 1: other up for the next forty years. Connections, connections, relationship capital.
• 20:23
  Speaker 1: Why are you part of Why are you part of
• 20:25
  Speaker 1: a country club? Why are you part of a fraternity
• 20:28
  Speaker 1: or sorority? Why are you? I mean, peop, don't think
• 20:30
  Speaker 1: about it this way. These are all clubs. What kind
• 20:32
  Speaker 1: of clubs are you hanging out? Are you just hanging
• 20:34
  Speaker 1: out in the club? Are you a member of a club? Right?
• 20:38
  Speaker 1: If you're a member of a club, what kind of
• 20:39
  Speaker 1: club is it? Most places I go, I'm the only
• 20:42
  Speaker 1: brother there. I want to change that. It's not something
• 20:46
  Speaker 1: that makes me proud. But somebody's got to put their
• 20:48
  Speaker 1: foot in the door. Somebody's got to get in the
• 20:51
  Speaker 1: door and stand there. I was with last week. It
• 20:56
  Speaker 1: was Robert Smith. God blessed what he's doing. He did
• 20:58
  Speaker 1: this awaarfest and PREBC used to raise money last week.
• 21:02
  Speaker 1: Yeah yeah, yeah, and and and we just happen to
• 21:04
  Speaker 1: run each other in our hallway. Robert Smith comes over
• 21:07
  Speaker 1: as Tyler Perry yo, dapping it up. We have a
• 21:09
  Speaker 1: private moment conversations. When he takes a picture they posted,
• 21:12
  Speaker 1: We're like, oh no, that's what we that's what we
• 21:14
  Speaker 1: want to see you now you can't. You can't make
• 21:17
  Speaker 1: this up. But that's basically three businessmen right now. We
• 21:20
  Speaker 1: need to see business women too, but we I just
• 21:22
  Speaker 1: think that I think business celebrity is a new celebrity.
• 21:27
  Speaker 1: I think capitalism has to include us in the capital
• 21:32
  Speaker 1: stat When I was growing up, I didn't know until
• 21:35
  Speaker 1: I walked down the street, as our talk financial literacy,
• 21:37
  Speaker 1: that the muffler shop was a capitalist. I didn't know
• 21:39
  Speaker 1: the nail salon the nail salon, and I got my
• 21:42
  Speaker 1: nails done yesterday. They didn't do it for free. I
• 21:43
  Speaker 1: paid them. You got children, No one's taking care of
• 21:47
  Speaker 1: those children for free unless it's your grandma. I mean,
• 21:50
  Speaker 1: real talk. Help me out here. Getting your hair done,
• 21:54
  Speaker 1: they're not doing that for free. Somebody doing your your
• 21:57
  Speaker 1: your what they call it, my wife called that's white.
• 22:01
  Speaker 1: Do your your clothes, your wardrobe. You're dry clinging too,
• 22:06
  Speaker 1: they're not doing that for free. But even that one's
• 22:08
  Speaker 1: an easier when wardrobe is a little bit more nuanced.
• 22:10
  Speaker 1: They're not doing that for free.
• 22:11
  Speaker 3: Even if am I right, Even if.
• 22:13
  Speaker 2: You don't believe in capitalism, your behavior will be that
• 22:17
  Speaker 2: of a capitalist because of the system that.
• 22:18
  Speaker 1: We're no no go once set further Charlamagne, we're all capitalists.
• 22:22
  Speaker 1: So okay, if you're going to work and they paying
• 22:26
  Speaker 1: you a salary or hourly, you're using your human capital
• 22:30
  Speaker 1: and you're trading it for compensation. Now it may the
• 22:33
  Speaker 1: lower lower level of risk. You're not taking the risk
• 22:36
  Speaker 1: in the enterprise. You're not Bob Pittman at our Heart, right,
• 22:39
  Speaker 1: You're got Charlemagne at Black Effect Network, but you are.
• 22:43
  Speaker 1: You are risking your time and you wanted to be
• 22:46
  Speaker 1: compensated for for compensation. Otherwise you show up for free. Right.
• 22:50
  Speaker 1: So capitalism is at every level. It just a matter
• 22:53
  Speaker 1: how much risk reward. Now I'm an entrepreneur, it's the
• 22:56
  Speaker 1: highest level of craziness, but I take a lot of risk.
• 22:59
  Speaker 1: I want a lot of reward if if it pays off.
• 23:02
  Speaker 1: We need more people who look like us, who are
• 23:04
  Speaker 1: getting reward for that risk if and do it. Like
• 23:07
  Speaker 1: what's the drug dealer? Come on, let's real talk now,
• 23:10
  Speaker 1: entrepreneur in legal and answering. Okay, let's set that out.
• 23:14
  Speaker 1: Just make that clear. But then if you're a successful
• 23:16
  Speaker 1: drug dealer, know it's an oxymoron.
• 23:17
  Speaker 3: You're not dumb.
• 23:19
  Speaker 1: You understand import export finance, marketing, wholesale, retail, customer service,
• 23:24
  Speaker 1: employee security.
• 23:25
  Speaker 4: Hr HTTLE more dangerous.
• 23:31
  Speaker 1: And distribution. If you're a if you're a gang leader,
• 23:35
  Speaker 1: you're a frustrated union organizer. These are people with These
• 23:41
  Speaker 1: are folks with talents and skills. Man, I mean you
• 23:43
  Speaker 1: didn't look it's real talk. Where did NASCAR come from?
• 23:47
  Speaker 1: Moonshine running in the Appalachian Mountains? Poor white people running
• 23:50
  Speaker 1: from the police, selling selling alcohol which was illegal. They
• 23:54
  Speaker 1: realized this is you know, we're gonna end up in
• 23:57
  Speaker 1: dead or in prison probation for role. We can't do this.
• 23:59
  Speaker 1: Let's let's stop the moonshine part. What part of this
• 24:03
  Speaker 1: are we good at? That's legal? The driving now, we
• 24:06
  Speaker 1: can't drive on the street like that. Okay. So they
• 24:08
  Speaker 1: went up on the beach and then they were found
• 24:10
  Speaker 1: a field and they were going circles. It's just the
• 24:13
  Speaker 1: found It was a small field. That's how that started
• 24:16
  Speaker 1: running in a circle. Nobody would naturally drive a car
• 24:19
  Speaker 1: in a circle, is what it was. It was a
• 24:21
  Speaker 1: real estate. Somebody gave them. Well, that same family that
• 24:25
  Speaker 1: that started that, don't trust me, Go do your research
• 24:29
  Speaker 1: for of those families are billionaires in NASCAR today. Same
• 24:32
  Speaker 1: families that are running the moonshine. They just mainstreamed it,
• 24:35
  Speaker 1: legitimized it. Now it's got logos on it now. Now
• 24:38
  Speaker 1: Michael Jordan is in the game. Right. All I'm saying is,
• 24:42
  Speaker 1: let's stop hating this game and let's master it.
• 24:45
  Speaker 6: Question for you, right, So when you say something like
• 24:47
  Speaker 6: that and people you talk about people having an issue
• 24:49
  Speaker 6: with capitalism, it's the fact that, like you got people
• 24:52
  Speaker 6: that get to a certain point. So like you say,
• 24:53
  Speaker 6: you go in to the country clubs, wherever you go,
• 24:54
  Speaker 6: you're normally nor only black person. Jay Z I've heard
• 24:56
  Speaker 6: him talk about capitalism and somebody has to get in
• 24:59
  Speaker 6: because when you it's a certain point, you're not doing
• 25:01
  Speaker 6: business with people that look like you.
• 25:02
  Speaker 1: This four four four album was, by the way, a
• 25:03
  Speaker 1: financial literacy.
• 25:04
  Speaker 6: Album, right, But when you get to these places, the
• 25:07
  Speaker 6: truth of the matter is a lot of people don't
• 25:08
  Speaker 6: make it there.
• 25:09
  Speaker 1: Right.
• 25:09
  Speaker 6: So when we're trying to get to this equal for
• 25:12
  Speaker 6: all capitalism for all playces, who's more responsible to make
• 25:15
  Speaker 6: that happen? Is it the person that's in the room
• 25:18
  Speaker 6: to throw down the resources or is it the person
• 25:21
  Speaker 6: that really doesn't have the ladder? I know you have
• 25:23
  Speaker 6: that chapter in your book, right to climb up and
• 25:25
  Speaker 6: continue climbing even when it gets to the point where,
• 25:27
  Speaker 6: like I can't even see the person that's already made
• 25:29
  Speaker 6: it in the room, and nor can they see me
• 25:31
  Speaker 6: because there's such a disconnect.
• 25:33
  Speaker 1: So you've asked a really, really good question and you
• 25:35
  Speaker 1: actually answered it to It's both. I'm responsible if I'm
• 25:41
  Speaker 1: in the room or don people's or whoever it is.
• 25:43
  Speaker 1: Because to whom much is given, much is required. Service
• 25:48
  Speaker 1: is the pay is the rent you pay on your success,
• 25:51
  Speaker 1: and giving back and lifting up because we were lifted up.
• 25:54
  Speaker 1: I mean somebody opened the door for me. So we
• 25:56
  Speaker 1: must go out of our way to help our brothers
• 26:00
  Speaker 1: and sisters to come up. But it's a hand up,
• 26:02
  Speaker 1: not a hand out. If you if you tell your
• 26:05
  Speaker 1: rear in, if you I'll hire you because you're black.
• 26:08
  Speaker 1: I will fire you if you you're incompetent, straight up right,
• 26:11
  Speaker 1: And I and I have a bunch of black vendors.
• 26:14
  Speaker 1: In fact, most of my vendors are black and women
• 26:16
  Speaker 1: in minority. But if they tear their rear in three
• 26:19
  Speaker 1: four times, you done with me. I'm not tolerating that mess.
• 26:23
  Speaker 1: You canna waste my money. You can't waste my time
• 26:26
  Speaker 1: on the other side of that, that that situation. If
• 26:29
  Speaker 1: I'm trying to come up and I'm trying to get
• 26:30
  Speaker 1: that John Bryant contract, I'm trying to get that Charlot
• 26:33
  Speaker 1: Magae or you know whoever Laura in the country, what
• 26:35
  Speaker 1: I need to make sure I'm top of the mark.
• 26:37
  Speaker 1: I make sure that that when I leave the room,
• 26:39
  Speaker 1: nobody should say, but you know, I like I like Lauren,
• 26:43
  Speaker 1: you know I like but but I like I like them.
• 26:48
  Speaker 1: But no, no, no, that's a problem. When you're born
• 26:52
  Speaker 1: black in America, you gotta be twice as smart, twice
• 26:54
  Speaker 1: as intelligent, twice as well a dressed, show up twice
• 26:56
  Speaker 1: as early, leave twice as late, and understand you don't
• 26:58
  Speaker 1: get half the pay, and don't have an attitude about it.
• 27:01
  Speaker 1: Just let the haters make you better. Over the round.
• 27:04
  Speaker 1: Through it, we're going to get to it. Life's not
• 27:05
  Speaker 1: fair and there is no perfect. Don't let the perfect
• 27:09
  Speaker 1: be the death of the good. I was saying that earlier,
• 27:11
  Speaker 1: but I lost my point. Don't let the perfect be
• 27:13
  Speaker 1: and the death of the good. There is no perfect.
• 27:15
  Speaker 1: This game is not changing, It's getting worse, harder, quicker, faster,
• 27:19
  Speaker 1: and it's gonna leave us behind. With us sitting here
• 27:21
  Speaker 1: noodling around rearranging the deck chairs and the Titanic. We
• 27:24
  Speaker 1: have got to get our hustle focused on the right thing.
• 27:28
  Speaker 2: I don't disagree with you about but you say, work
• 27:30
  Speaker 2: twice as hard that you have to pay initially.
• 27:33
  Speaker 3: That's why people don't like capitab. So what.
• 27:37
  Speaker 1: Life's not fair? I didn't create the system. I'm telling
• 27:39
  Speaker 1: you how to work it. Look, there's some things that
• 27:42
  Speaker 1: it just isn't. Why is a black neighborhood worth less
• 27:45
  Speaker 1: than a white neighborhood Because in the nineteen twenties nineteen thirties,
• 27:51
  Speaker 1: the federal government redlined We don't have time to go
• 27:54
  Speaker 1: into details here, but literally the federal government put a
• 27:56
  Speaker 1: red marker and said these neighbors is are dangerous. And
• 27:59
  Speaker 1: then there was a green neighborhood and yellow neighborhoods. So
• 28:02
  Speaker 1: where did the federal guarantees go for mortgages? Went to
• 28:05
  Speaker 1: the green and the yellow neighborhoods, where the bank's finance
• 28:08
  Speaker 1: loans in the green and the yellow neighborhoods, where that
• 28:11
  Speaker 1: nobody finance a loane in the red neighborhoods. So the
• 28:15
  Speaker 1: real estate got depressed in values in the red neighborhoods
• 28:17
  Speaker 1: you follow me, and the real estates increased in value
• 28:20
  Speaker 1: because they were able to get financing at prime rates
• 28:23
  Speaker 1: in the yellow and the green neighborhoods. Now, that's historic,
• 28:27
  Speaker 1: and that's one hundred years old. I can't change that,
• 28:30
  Speaker 1: and I'm not gonna sit here in debate about it.
• 28:33
  Speaker 1: But when I bought that condover two hundred thousand dollars
• 28:36
  Speaker 1: and sold up to seven and fifty thousand dollars, I
• 28:39
  Speaker 1: cleared a profit of five hundred and fifty thousand dollars.
• 28:43
  Speaker 1: I'm not saying yeah, but the guy across the freeway
• 28:49
  Speaker 1: was double that. It probably was double that, by the way,
• 28:51
  Speaker 1: But that ain't nothing to do with me. That's still
• 28:55
  Speaker 1: my five hundred and fifty thousand dollars, and I still
• 28:58
  Speaker 1: turn that into five million dollars. My money still works
• 29:02
  Speaker 1: for me, My wealth works for me, My success works
• 29:07
  Speaker 1: for me. But if you spend your time being angry,
• 29:12
  Speaker 1: angry is not a strategy. Frustration is not a business plan.
• 29:17
  Speaker 1: And by the way, I asked people this, how's that
• 29:20
  Speaker 1: work for us? So far? So we've been We've tried
• 29:24
  Speaker 1: everything else. So what I said about when I first
• 29:26
  Speaker 1: came in here, we tried everything else. We tried government,
• 29:29
  Speaker 1: we tried civil service, social justice, We've tried working for
• 29:34
  Speaker 1: the man, not working for the man. We've tried illegal,
• 29:37
  Speaker 1: we tried you know, we tried all we tried. How's
• 29:40
  Speaker 1: it worked? Has that set us free? It's like, well,
• 29:43
  Speaker 1: he would ask me about this said, It's like somebody saying, well,
• 29:47
  Speaker 1: why should I try God? Because God cannot possibly mismanaged
• 29:51
  Speaker 1: and scrip your life worse than you have, so you
• 29:54
  Speaker 1: give him a shot.
• 29:55
  Speaker 5: My question is, you know, people like easy conversations, right,
• 30:00
  Speaker 5: They're like, not an easy one.
• 30:01
  Speaker 4: They like to be guided, right.
• 30:02
  Speaker 5: And the reason I say they like to be guid
• 30:03
  Speaker 5: it because a lot of times people just don't know, right.
• 30:05
  Speaker 5: We only see what our environment is, right.
• 30:07
  Speaker 3: That's why for.
• 30:09
  Speaker 5: Long time people wanted to be rappers. They wanted to
• 30:11
  Speaker 5: be basketball players, they wanted to be baseball players. What
• 30:13
  Speaker 5: people see what they see fast. They want to be
• 30:15
  Speaker 5: drug dealers because they see the local drug dealers, that's right.
• 30:17
  Speaker 5: So for people that's out there, what do you tell people?
• 30:21
  Speaker 5: Because they want to be guided?
• 30:22
  Speaker 7: Right?
• 30:22
  Speaker 5: I see you post something that says, you know, think
• 30:24
  Speaker 5: about buying a business rather than starting one from scratch.
• 30:27
  Speaker 4: So break that down of those recommendations.
• 30:31
  Speaker 1: So now we're getting into the real Let's let's bust
• 30:35
  Speaker 1: up another myth. I want that bag, I want that cash,
• 30:39
  Speaker 1: I want that dollar, I want that money. Get that
• 30:41
  Speaker 1: out of here. It's useless. All money is is an
• 30:44
  Speaker 1: exchange of value. I could take your jacket right in
• 30:49
  Speaker 1: the back of your jacket, pay to the order of
• 30:51
  Speaker 1: routing number, checking account number, and an amount, take your
• 30:55
  Speaker 1: jacket to the bank and they have to go in
• 30:57
  Speaker 1: in the bank in the back and start huddling about
• 30:59
  Speaker 1: whether they are under a legal responsibility. You know where
• 31:03
  Speaker 1: I'm going to cash your jacket because all a check is.
• 31:07
  Speaker 1: When we used to use checks, all a check is
• 31:09
  Speaker 1: is a medium to transfer the value of the money
• 31:12
  Speaker 1: that's in your account. So we've gotten obsessed. We look
• 31:16
  Speaker 1: at for love and all the wrong places and obsessing
• 31:18
  Speaker 1: about the only thing, the wrong thing about money. You
• 31:21
  Speaker 1: make money during the day, you build wealth and your sleep.
• 31:24
  Speaker 1: This is a big one. Where are we spending all
• 31:27
  Speaker 1: of our time short term cash? So if your outflow
• 31:31
  Speaker 1: exeeds your inflow, then your overhead, it will be your
• 31:33
  Speaker 1: downfall if I'm an NBA player. By the way, seventy
• 31:36
  Speaker 1: percent of NBA players, seventy percent of NFL players bankrupt
• 31:39
  Speaker 1: in five years after retirement. Seventy percent of those who
• 31:42
  Speaker 1: win the Lobbry lottery bank rup five years after they
• 31:46
  Speaker 1: get the money. So it's not just about the money.
• 31:49
  Speaker 1: If it was about the money, everybody be cool. They
• 31:53
  Speaker 1: are not financially literate and they're not using the money
• 31:55
  Speaker 1: to build wealth. Take that money and put it into
• 31:58
  Speaker 1: an asset, and the asset can be on your ass
• 32:02
  Speaker 1: Put it in an asset. Can I say that you
• 32:04
  Speaker 1: already did and and and and by homes, by tangible
• 32:11
  Speaker 1: assets that will compound. That's the first key to building
• 32:16
  Speaker 1: wealth because when the income stops, the bills continue. This
• 32:19
  Speaker 1: is really important. I don't know why we don't get this.
• 32:21
  Speaker 1: If you're making it. If you're an NBA player, you're
• 32:23
  Speaker 1: making five million dollars a year and your bills are
• 32:28
  Speaker 1: three and a half million dollars a year, you're gonna
• 32:30
  Speaker 1: be broke. You broke, I arrested a half Yeah, but
• 32:34
  Speaker 1: even okay, let's make it easier. Because you're you're really
• 32:37
  Speaker 1: you're you're really smart. You got that already. Let's assume
• 32:39
  Speaker 1: you you make five million dollars a year and your
• 32:42
  Speaker 1: bills are a million and a half dollars a year,
• 32:45
  Speaker 1: and you have no other skills, and you're twenty eight
• 32:49
  Speaker 1: and your contract lasts eight years, You're going to be
• 32:52
  Speaker 1: broken because when you finish that contract, guess what your
• 32:56
  Speaker 1: bills still are one point five year. What's your income now?
• 33:01
  Speaker 3: Zero?
• 33:01
  Speaker 1: Zero? So it's just simple math. At some point it's
• 33:06
  Speaker 1: gonna cross. The lines are gonna cross, and it's happened
• 33:08
  Speaker 1: now for thirty years. We've been watching this same movie
• 33:10
  Speaker 1: for thirty years. It's a slow moving train wreck, right,
• 33:12
  Speaker 1: but we don't learn so right now, you said another
• 33:16
  Speaker 1: key thing, why are we spending twenty thousand dollars for
• 33:18
  Speaker 1: a gofund me campaign, a start, you know, to raise
• 33:22
  Speaker 1: money from our relatives going to be upset with us
• 33:24
  Speaker 1: or in the pizza shop startup that's gonna fail. Why
• 33:28
  Speaker 1: not go and buy a million dollar business, a seven
• 33:31
  Speaker 1: figure business in your town that's already successful. There's a
• 33:35
  Speaker 1: one hundred between eighty eight trillion and one hundred trillion
• 33:37
  Speaker 1: dollars of wealth it's gonna transfer in the next ten
• 33:40
  Speaker 1: to fifteen years by baby boomers. These are white, wealthy people,
• 33:43
  Speaker 1: mostly men, who are all trying to retire at the
• 33:47
  Speaker 1: same time. In the book, I talk about that there's
• 33:49
  Speaker 1: ten thousand people leaving the economy every day. It's this
• 33:52
  Speaker 1: is a deep number. Let me phrase that, there are
• 33:55
  Speaker 1: ten thousand baby boomers leaving the economy every day. Death,
• 34:00
  Speaker 1: you're dying, another retire. Everybody wants to go play golf
• 34:04
  Speaker 1: at the same time. So they owned businesses. Now now
• 34:09
  Speaker 1: where they're doing this money, you're gonna they're gonna give
• 34:10
  Speaker 1: the stocks, the bonds, the cash, the houses to their wives,
• 34:13
  Speaker 1: the husbands and their children. Kids don't want the businesses.
• 34:16
  Speaker 1: Is too much work. There's nothing wrong with the business.
• 34:20
  Speaker 1: This is an opportunity for us. Go meet yourself. A
• 34:23
  Speaker 1: white person. I'm being sarcastic. Go meet you, an Asian person,
• 34:28
  Speaker 1: Go meet you, Go meet go meet a black person
• 34:30
  Speaker 1: that owns a business. I don't care what color they are.
• 34:32
  Speaker 1: It's a green person. Go find somebody. When you drive
• 34:35
  Speaker 1: down the street, you listening to this on the radio.
• 34:37
  Speaker 1: Driving down the street, you see that office building in
• 34:39
  Speaker 1: those little squares, those are all businesses, an architecture business.
• 34:43
  Speaker 1: A dentist is a business. The lawyer is a business.
• 34:49
  Speaker 1: Whatever you're going to in those little squares or the
• 34:52
  Speaker 1: retail those are all businesses. Fine one that looks around
• 34:56
  Speaker 1: sixty five. Befriend them, get to know them, should prove
• 35:01
  Speaker 1: to them that you are competent, because their kids don't
• 35:05
  Speaker 1: want the business, and they may not even like their kids.
• 35:08
  Speaker 1: And then real talk and saying, look.
• 35:11
  Speaker 4: I'd like to buy.
• 35:11
  Speaker 1: After about six months or a year building that relationship,
• 35:14
  Speaker 1: it can't be a game. Now, really, mister Joe or
• 35:18
  Speaker 1: missus jail, I'd like to buy this business. Are you interested? Well,
• 35:21
  Speaker 1: you know, I really, I really would like to transition.
• 35:24
  Speaker 1: Do you have any money? Well, no, but I got
• 35:26
  Speaker 1: a lot of hustle, and I can probably take get
• 35:28
  Speaker 1: a bank loan for half of this. I've already done
• 35:30
  Speaker 1: to run the numbers. And if you carry back paper,
• 35:34
  Speaker 1: which means a the owner finance is part of this
• 35:37
  Speaker 1: carry back paper for forty percent, I can get the
• 35:39
  Speaker 1: ten percent. It's a million dollar purchase. I'll get five
• 35:42
  Speaker 1: thousand loan, forty percent carry back from you, and I'll
• 35:45
  Speaker 1: bring one hundred thousand and I'll buy your business. And
• 35:47
  Speaker 1: by the way, if it doesn't work, you get it
• 35:49
  Speaker 1: all back. If I fail, you get the business back
• 35:53
  Speaker 1: in three to five years. That's a great deal. Everybody wins.
• 35:57
  Speaker 1: Fair change is no robbery, right so, and I already
• 36:00
  Speaker 1: said in the negotiation is where everybody leaves the table
• 36:02
  Speaker 1: slightly annoyed, explain that bring real quick. People wouldn't understand capitalism. Okay,
• 36:09
  Speaker 1: So this is a this is a consumer. This is
• 36:13
  Speaker 1: the this is the this is the producer. The economists
• 36:16
  Speaker 1: here economic, this is economic. This is the capitalist here
• 36:18
  Speaker 1: and this is the consumer.
• 36:19
  Speaker 4: You got left handed, right hand out because members radio,
• 36:21
  Speaker 4: so people driving in the cause.
• 36:22
  Speaker 1: Also, left hand is the consumer. Right hand is the capital.
• 36:26
  Speaker 1: This is negotiating table at the mic. The consumer's job,
• 36:31
  Speaker 1: please listen to me, is to pay the least amount
• 36:33
  Speaker 1: of money while getting the most amount of value. The
• 36:38
  Speaker 1: capitalist job is to is to get is to extract
• 36:42
  Speaker 1: the most amount of money while giving the least amount
• 36:46
  Speaker 1: of value. That's your job, the consumers, that's your job
• 36:51
  Speaker 1: is to pay the leads for the most. The capitalist
• 36:53
  Speaker 1: job is to get the most while giving the least.
• 36:55
  Speaker 1: Everybody has a job a negotiation. Now in our economy,
• 36:59
  Speaker 1: the price is already said. You go to the store,
• 37:01
  Speaker 1: it already has a price on it. But you go
• 37:02
  Speaker 1: to a third world country or a second world country,
• 37:04
  Speaker 1: you're you're hackling with You're talking to the merchants of
• 37:07
  Speaker 1: the corner. You try to figure out the prices. A
• 37:09
  Speaker 1: good negotiation is where everybody leaves that negotiation slightly annoyed
• 37:15
  Speaker 1: because nobody got everything they wanted.
• 37:18
  Speaker 3: I want to ask you a few questions, right because
• 37:20
  Speaker 3: people ahead.
• 37:21
  Speaker 1: I'm just want to make sure that we're covering all
• 37:23
  Speaker 1: the ground. Because you just you said something really important,
• 37:27
  Speaker 1: which is big, and I went in underscore. Go find
• 37:30
  Speaker 1: you a business broker. Stop all this jan yang. Go
• 37:34
  Speaker 1: find a business broker in your town. Stop talking about
• 37:36
  Speaker 1: a billion dollar company. Stop talking about one hundred million
• 37:38
  Speaker 1: dollar company. You ain't got fifty dollars of your name.
• 37:41
  Speaker 1: Go to your in Columbus, Georgia, or wherever you live.
• 37:44
  Speaker 1: There is a dentist with three locations making seven figures.
• 37:48
  Speaker 1: Buy that business.
• 37:49
  Speaker 2: But see, that's where I wanted to start, right. We
• 37:51
  Speaker 2: always here build well by the business. But how do
• 37:53
  Speaker 2: you build well by the business when you're starting with nothing?
• 37:56
  Speaker 2: You got bills and bad credit.
• 37:57
  Speaker 1: That's what I started, builds bad credit, afford credit score.
• 38:00
  Speaker 1: I was homeless, at lattiher And Airport in Los Angeles,
• 38:03
  Speaker 1: or anybody your listeners who are driving by Lotierra and Airport,
• 38:07
  Speaker 1: that that parking lot was my home for almost a
• 38:10
  Speaker 1: year as homeless person. My credit was tow up from
• 38:12
  Speaker 1: the flow up, and I could have filed bankruptcy, but
• 38:14
  Speaker 1: I wanted to honor my debts. My mother treated me
• 38:18
  Speaker 1: to train me to live up to my responsibilities in
• 38:21
  Speaker 1: my dad. So I had to work my way back
• 38:23
  Speaker 1: from nothing. So I'm not talking at somebody, I'm talking
• 38:26
  Speaker 1: with you. I'm saying out right where they're sitting the
• 38:30
  Speaker 1: lowest credit score. Look, let's go back to the original premise.
• 38:33
  Speaker 1: I said, you thought that you'd won. No somebody wanted
• 38:37
  Speaker 1: for you. Now win for yourself. Because you can't control legislation, racism,
• 38:43
  Speaker 1: whether somebody going to hire you, fire you, you can't
• 38:45
  Speaker 1: control that. You can control your credit score. Black people
• 38:49
  Speaker 1: have the lowest credit score on average in America six,
• 38:53
  Speaker 1: which means that yours is seven hundred, and yours is
• 38:56
  Speaker 1: eight hundred, and mine is seven fifty, and Pooky and
• 38:59
  Speaker 1: them Jojo and our cousins are five hundreds, and it's
• 39:02
  Speaker 1: all bounced out. But on average at six twenty you
• 39:04
  Speaker 1: can't get a decent car loan at six twenty. You know,
• 39:08
  Speaker 1: the car business is an eighteen percent interest. About that.
• 39:13
  Speaker 1: That's not a Mercedes, is Mercedes payments, and it's going
• 39:17
  Speaker 1: to blow up, by the way, by the way, a
• 39:19
  Speaker 1: car a car dealership. It's three businesses. The sales side,
• 39:24
  Speaker 1: the least profitable, the financing department, and the main is
• 39:29
  Speaker 1: the department. Those are the most profitable. Right, so that
• 39:31
  Speaker 1: cars going maintenance is most profitable. It's going back to them.
• 39:35
  Speaker 1: So we have the lowest credit score. You want to
• 39:37
  Speaker 1: buy a house, you can't buy a house at six twenty.
• 39:40
  Speaker 1: You need seven hundred. Well, you can get a house,
• 39:43
  Speaker 1: it's going to be a really bad loan. And you
• 39:45
  Speaker 1: shouldn't get an adjustable rate loan ever to buy a house.
• 39:48
  Speaker 1: Nothing that is five figures of more should be adjustable rates.
• 39:51
  Speaker 1: Please hear me. You want to buy a business, you
• 39:54
  Speaker 1: cannot get a business loan at seven. At six hundred
• 39:57
  Speaker 1: credit score, the banker is not being racist. Where they
• 40:00
  Speaker 1: might be racist, but they're not being racist. When they
• 40:02
  Speaker 1: turn you down, it's bad. It's a bad credit decision
• 40:04
  Speaker 1: because small businesses are risky. Its form of credit. If
• 40:08
  Speaker 1: you listen to me. If you have a job and
• 40:11
  Speaker 1: you listen to what I'm saying, get your credit score
• 40:13
  Speaker 1: to seven hundred. Go to your computer at midnight. Just
• 40:16
  Speaker 1: test my theory and ask for a thirty five thousand
• 40:20
  Speaker 1: dollars credit card. Watch a computer say yes. Don't believe me.
• 40:26
  Speaker 1: Go test my theory. Go get our coaching or somebody's.
• 40:29
  Speaker 1: Don't pay for it. We do it on scholarship, so
• 40:32
  Speaker 1: I'm not charging you at operational hope. Get your credit
• 40:34
  Speaker 1: scord to seven hundred. Just don't believe the thing I'm saying.
• 40:37
  Speaker 1: This is the first step. Get your credit from toe
• 40:39
  Speaker 1: up and the flow up from six hundred to seven hundred.
• 40:43
  Speaker 1: By the way, for every fifty points of increasing your
• 40:47
  Speaker 1: credit score, you live five more years. I'm gonna reverse that.
• 40:52
  Speaker 1: Back it up. If you live in our neighborhoods, check cashers,
• 40:55
  Speaker 1: payday loan lenders, rent their own stores, title lenders, liquor stores,
• 40:58
  Speaker 1: pawn shops you live, your credit score is on average
• 41:02
  Speaker 1: five eighty six hundred. You lived at sixty one years
• 41:04
  Speaker 1: of age.
• 41:06
  Speaker 3: I agree.
• 41:06
  Speaker 2: I believe that whole heartedly because people statistics show that
• 41:10
  Speaker 2: people would wealthy people who live like twelve years.
• 41:13
  Speaker 1: Longer twenty it's twenty oh, got twenty, so fifteen minutes.
• 41:17
  Speaker 1: So somebody here is listening from Chicago Lincoln Park downtown.
• 41:22
  Speaker 1: That's seven forty credit score. They live, they live in
• 41:25
  Speaker 1: their almost in their nineties. Fifteen minutes away is Garfield Park.
• 41:30
  Speaker 1: That's five eighty credit score. You lived sixty one years
• 41:32
  Speaker 1: of age. Fifteen minute drive on the freeway. Nothing else
• 41:35
  Speaker 1: is different. But but your money affects your mind. Your
• 41:39
  Speaker 1: mind affects your mindset, and your mentality and your depression
• 41:42
  Speaker 1: or lack thereof, and a surviving mindset. If you are
• 41:45
  Speaker 1: struggling and hustling and worrying all the time, eating bad food,
• 41:51
  Speaker 1: not getting your rest, you're gonna die early. So with
• 41:55
  Speaker 1: affecting one affects everything else. So anybody who listening to
• 41:59
  Speaker 1: this take a I will put up right now. I'll
• 42:05
  Speaker 1: put up ten thousand dollars, ten one thousand dollars examples.
• 42:09
  Speaker 1: You have ten people who call in the year show
• 42:12
  Speaker 1: contact you, and they're gonna take this test. I'm gonna
• 42:14
  Speaker 1: do what John Brian says. I've got a job. My
• 42:17
  Speaker 1: credit sco is tow up. I'm gonna get my credit
• 42:18
  Speaker 1: score within a year to seven hundred and I'm gonna
• 42:21
  Speaker 1: go to the computer and ask something less than seventy
• 42:23
  Speaker 1: five thousand dollars, less than a hundred thousand dollars consumer credit.
• 42:26
  Speaker 1: And if I get declined, John Brinos me one thousand dollars,
• 42:29
  Speaker 1: I'll pay it. I know the answer. And when they're
• 42:31
  Speaker 1: gonta get approved.
• 42:32
  Speaker 3: You at Operation Hope, you actually help people repair their credit.
• 42:36
  Speaker 1: One hundred percentree and I've delivered four and a half
• 42:38
  Speaker 1: billion dollars worth of capital just through Operation Hope. In
• 42:41
  Speaker 1: what I'm talking about, we actually say no loans denied.
• 42:45
  Speaker 1: We're the only nonprofit allowed to operate in siut of
• 42:47
  Speaker 1: a bank branch in US history, and on the walls
• 42:50
  Speaker 1: of our office it says no loans denied. We approve
• 42:53
  Speaker 1: you subject to the resolution of your primary denial factors.
• 42:56
  Speaker 1: We figure out why you be declined for a loan.
• 42:58
  Speaker 1: We figure we figured out, we tell you what's up,
• 43:01
  Speaker 1: we help you fix it, repair it, upgrade it, and
• 43:05
  Speaker 1: then we send you back over to the bank who
• 43:06
  Speaker 1: wants to make your loan, because if they don't, they
• 43:09
  Speaker 1: go broke. So that banks tells you we know what
• 43:13
  Speaker 1: the bank's criteria is. Otherwise we wouldn't send you back
• 43:16
  Speaker 1: to them. So when we have never had a situation
• 43:19
  Speaker 1: where we actually had to fund the loan in thirty
• 43:21
  Speaker 1: three years out of four point five billion dollars, because
• 43:25
  Speaker 1: the bank always says yes once we repair it, because
• 43:27
  Speaker 1: they want it's that about a black person, or a
• 43:29
  Speaker 1: Latino person, or an Asian person, or any person. It's
• 43:32
  Speaker 1: a green person. They want good loans. But our credit
• 43:35
  Speaker 1: score once once again is the lowest in the country.
• 43:39
  Speaker 1: So get in the game. By getting your credit score up,
• 43:42
  Speaker 1: you'll live longer, You'll be happier. By the way, And
• 43:44
  Speaker 1: as the lady told me again from Delta last night,
• 43:46
  Speaker 1: I'm getting yeses, she said, her whole life change. The
• 43:51
  Speaker 1: bank's telling me yes. I mean, can you imagine what
• 43:54
  Speaker 1: that does? Yeah, of course to your confidence and your
• 43:58
  Speaker 1: self esteem. So I'm just very excited about this. I
• 44:03
  Speaker 1: just think this is our moment, our time. And then
• 44:04
  Speaker 1: once you get one win, it leads to the second
• 44:07
  Speaker 1: one and the third one, and all of a sudden,
• 44:09
  Speaker 1: you're flying. I do have one.
• 44:10
  Speaker 4: I got to run. I'm sorry, but I just got
• 44:12
  Speaker 4: one question before I go. You know, the biggest conversation.
• 44:15
  Speaker 1: I love you having you at the table man, I
• 44:17
  Speaker 1: don't want you to go now, you know it is.
• 44:19
  Speaker 4: I got a doctor's point. I got make sure I
• 44:20
  Speaker 4: stay healthy.
• 44:24
  Speaker 3: Crazy don't.
• 44:29
  Speaker 1: What's important. Everybody get your process.
• 44:31
  Speaker 5: It's not a prospect though, but you know, my question
• 44:34
  Speaker 5: to you is is when should parents start having these
• 44:37
  Speaker 5: conversations with kids?
• 44:38
  Speaker 3: Right?
• 44:39
  Speaker 4: And the reason I asked that is I.
• 44:40
  Speaker 5: Have six and I see the difference between when I
• 44:44
  Speaker 5: started being an entrepreneur and I started messing around with money.
• 44:47
  Speaker 5: That want my kids right? So like my kids, they
• 44:49
  Speaker 5: got this thing. Now they're about to get in trouble,
• 44:51
  Speaker 5: but they'll go to Wolverines or they go five below.
• 44:54
  Speaker 5: They buy candy and they sell candy at school. That's right, right,
• 44:56
  Speaker 5: it's a profit. I let them do it because I
• 44:58
  Speaker 5: just love that they're starting business.
• 45:00
  Speaker 4: In business.
• 45:00
  Speaker 3: Mind at early you know, he's.
• 45:02
  Speaker 5: Mad at me because he doesn't have apple paste, and
• 45:03
  Speaker 5: he's like dad, these kids would have paid they will be.
• 45:05
  Speaker 4: They can't pay me.
• 45:06
  Speaker 5: So my question to you is, at what age do
• 45:09
  Speaker 5: you start with kids with credit, with credit cards, with
• 45:11
  Speaker 5: having a bank account, with whether it's real estate, whether
• 45:15
  Speaker 5: it's stock market, whether it's whatever it may be. At
• 45:18
  Speaker 5: what age do you start and what's the way they
• 45:21
  Speaker 5: should start for parents out there? So they're not forty
• 45:24
  Speaker 5: year old parents just getting their first home. So they're
• 45:26
  Speaker 5: teaching these kids a lot earlier. So what age and
• 45:28
  Speaker 5: what's the mission or the way that they should do it.
• 45:31
  Speaker 1: First of all, you're a great parent man, Thank you.
• 45:34
  Speaker 1: This is what you just said. That's fantastic.
• 45:36
  Speaker 5: All of a sudden, my son down to you for
• 45:38
  Speaker 5: a month. I'm sending because he's he's on it. They'll
• 45:43
  Speaker 5: train you, train you come out with a look with muscles,
• 45:45
  Speaker 5: but I'm sending them to you.
• 45:46
  Speaker 1: All good. So do you know what My first business was?
• 45:49
  Speaker 4: No shrivele?
• 45:51
  Speaker 3: Oh it out by the way ither.
• 45:59
  Speaker 1: They to run American Advands ran and so trade. Quite literally,
• 46:03
  Speaker 1: I was a ban I was a whole another part
• 46:04
  Speaker 1: of my life and years and years ago.
• 46:08
  Speaker 4: First business, first business, sorry I was.
• 46:11
  Speaker 1: I ran a candy house, same thing as your kids doing.
• 46:14
  Speaker 1: I was nine years old and I went to a
• 46:16
  Speaker 1: financial literacy lesson in Compton, California. This banker did not
• 46:19
  Speaker 1: want to be there. White banker did not want to
• 46:22
  Speaker 1: be there. As banker made them come community service. We
• 46:25
  Speaker 1: didn't want them there. Came in once a week for
• 46:27
  Speaker 1: six weeks. All of the rest of my kids, the
• 46:30
  Speaker 1: friends of my friends, but they're playing games and throwing
• 46:33
  Speaker 1: paper planes, all kinds of things. Because I saw my
• 46:37
  Speaker 1: best friend get murdered with the drug dealer try and
• 46:40
  Speaker 1: sell for money, and because I saw the guy who
• 46:43
  Speaker 1: saved my life getting murdered two years before that over
• 46:46
  Speaker 1: money drugs, and my mom and dad divorced over money.
• 46:50
  Speaker 1: When I was four or five years old, I was like, Okay,
• 46:53
  Speaker 1: how do I get out of this situation alive and
• 46:56
  Speaker 1: legal and profitable. So I'm looking for an answer, and
• 46:58
  Speaker 1: this banker comes in my class. So by the third
• 47:01
  Speaker 1: time I raised my hand. He came in the third week,
• 47:03
  Speaker 1: Excuse me, sir, what do you do for a living
• 47:06
  Speaker 1: and how'd you get rich legally? And I was serious.
• 47:09
  Speaker 1: He said, I'm a banker and not fans on entrepreneurs.
• 47:11
  Speaker 1: I said, I don't know what an entrepreneur is, but
• 47:13
  Speaker 1: it is legal. I'm gonna be one. And he started
• 47:16
  Speaker 1: unpacking this. That's when I said. I walked down the
• 47:18
  Speaker 1: street and saw the muffler shop and the candy shop
• 47:20
  Speaker 1: and so with the liquor store, and I said, you're
• 47:22
  Speaker 1: selling the wrong kind of candy and He told me
• 47:24
  Speaker 1: to go away. He knew what he was doing at
• 47:25
  Speaker 1: a college degree. I said, I've got cavities, and I
• 47:29
  Speaker 1: didn't realize I was asking for a joint venture. But
• 47:30
  Speaker 1: I was like, work with being let me help you
• 47:32
  Speaker 1: sell candy, and he dismissed me. So I worked as
• 47:35
  Speaker 1: a box boy. He wanted something. He wanted to have
• 47:38
  Speaker 1: me up front at the candy counter, and he was
• 47:42
  Speaker 1: gonna pay me top dollar after school. This is indicative
• 47:45
  Speaker 1: of our community. We are always taking these filosphy jobs,
• 47:47
  Speaker 1: taking the high profile stuff, rocking the mic. We don't
• 47:50
  Speaker 1: own it. Now. I don't want that job. I want
• 47:52
  Speaker 1: the box boy. So I want to know where the
• 47:54
  Speaker 1: inventory was. I wanted to open the inventory box, pull
• 47:57
  Speaker 1: out the inventory list of that banker told me about,
• 47:59
  Speaker 1: and look for the source of the inventory, the wholesale rate,
• 48:02
  Speaker 1: what he bought it for, in the retail rate, in
• 48:04
  Speaker 1: the profit margin. I found out three weeks later, I quit.
• 48:07
  Speaker 1: I went home, borrowed forty dollars. My mother made three
• 48:09
  Speaker 1: hundred dollars a week selling candy, just like your son,
• 48:12
  Speaker 1: and put the liquor store out of the candy business.
• 48:15
  Speaker 1: Now that did wonders from my self esteem I was
• 48:18
  Speaker 1: ten years old. Now in Atlanta and kindergarten, it thinks
• 48:24
  Speaker 1: to Mayor Andre Dickens and Mayor Keisha Land's bottles before.
• 48:28
  Speaker 1: We have a bank account called a hope child save
• 48:30
  Speaker 1: his account for every kindergarten kid in Atlanta public schools,
• 48:35
  Speaker 1: twelve thousand accounts. Now, studies have shown if you have
• 48:39
  Speaker 1: money in an account, sorry, you're a kid with no
• 48:42
  Speaker 1: money in the account, you're twenty five percent more likely
• 48:44
  Speaker 1: to go to college. If you put money in that
• 48:46
  Speaker 1: account fifty bucks, one hundred bucks, it's the kid is
• 48:50
  Speaker 1: seventy five percent more likely to graduate from college at kindergarten.
• 48:54
  Speaker 1: So kids are paying attention the consequences and connecting the
• 48:58
  Speaker 1: dots at a very early age. I don't think he
• 49:00
  Speaker 1: can start early enough because money transmits and transfers into
• 49:04
  Speaker 1: everything we do.
• 49:05
  Speaker 4: One other question, but I got to round. I'm so sorry, y'all.
• 49:08
  Speaker 5: I was reading something where they say the Jewish community, right,
• 49:11
  Speaker 5: when they look at the job, they look at it differently.
• 49:12
  Speaker 5: Let me know if you think it's real, If you
• 49:14
  Speaker 5: think it's true, if you heard this right, They said,
• 49:16
  Speaker 5: when the Jewish community looks at a job, they look
• 49:18
  Speaker 5: at it as first, when they go to that job,
• 49:20
  Speaker 5: they look at it to understand the job, meaning learn.
• 49:24
  Speaker 4: The process of actually what the job is about.
• 49:26
  Speaker 1: They said.
• 49:26
  Speaker 5: The second year they look at the connects of the
• 49:29
  Speaker 5: job to figure out how to do it on their own.
• 49:31
  Speaker 4: They said.
• 49:32
  Speaker 5: The third year is they usually quit and start that
• 49:35
  Speaker 5: job as kind of like being in competition.
• 49:38
  Speaker 4: Do you see that a lot?
• 49:38
  Speaker 1: And is that true? One hundred percent?
• 49:40
  Speaker 4: Break it down, because when I heard it, I was
• 49:42
  Speaker 4: I was amazed.
• 49:43
  Speaker 1: I thought that was By the way, the Jewish community
• 49:46
  Speaker 1: is a model. I joke sometimes and say we need
• 49:48
  Speaker 1: a black Jewish business plan, and I'm only partially joking.
• 49:52
  Speaker 1: Jews are two percent I think of the US population
• 49:55
  Speaker 1: and forty of the billion. Let that sinking, Wow, damn?
• 50:00
  Speaker 1: Should I say that again? The Jewish there's only fifteen
• 50:04
  Speaker 1: million Jews in the world of eight billion people. And
• 50:09
  Speaker 1: black people have to become to Africa with Jews are
• 50:11
  Speaker 1: to Israel, which is a resource whole another conversation. But
• 50:14
  Speaker 1: Jews are only two percent of the US population, but
• 50:16
  Speaker 1: they are forty percent of the wealth of the billionaires
• 50:21
  Speaker 1: in this country. And they've done it on their own.
• 50:23
  Speaker 1: They've done it because they've been discriminated against. I mean
• 50:25
  Speaker 1: it's still being to this day and so and by
• 50:29
  Speaker 1: the way, anyway, it's whole another conversation. But I think
• 50:31
  Speaker 1: we have a lot to learn from from from the
• 50:33
  Speaker 1: Jewish community. I think we have to learn more African
• 50:36
  Speaker 1: brothers and sisters who come here from Ethiopia and Nigeria, uh,
• 50:40
  Speaker 1: and they go working at the BA. They're the belman
• 50:44
  Speaker 1: at the Park Hyatt. Then they get their buddies to
• 50:47
  Speaker 1: be belman. Then they they're then they're in the first
• 50:50
  Speaker 1: they're in the front desk, and then they're at the
• 50:52
  Speaker 1: concierge desk, and then they then they get an ubercar,
• 50:56
  Speaker 1: and they get a black car, and then they get
• 50:58
  Speaker 1: an apartment and they are all living together and they're
• 51:01
  Speaker 1: all running this business. It started as a job as
• 51:05
  Speaker 1: a gigs. Just the exact point they learned the game.
• 51:07
  Speaker 1: They want Why Why the front desk, that's where people
• 51:10
  Speaker 1: are checking in. That's a trait that now you know
• 51:14
  Speaker 1: who can pay, who can Why the concierge desk because
• 51:17
  Speaker 1: they're they're making arrangements to go to concerts, to go
• 51:20
  Speaker 1: to events, because that's where the transaction for transportation goes.
• 51:24
  Speaker 1: Why then Uber because that's the easiest way to get
• 51:26
  Speaker 1: into transportation. And then they start ridding the car. Then
• 51:30
  Speaker 1: they want to then they buy the car, and why
• 51:32
  Speaker 1: the why the apartment they're living together so they can
• 51:35
  Speaker 1: pool their money until they can buy a house. It's
• 51:38
  Speaker 1: it's really we need to We need to make smart
• 51:40
  Speaker 1: sexy again. We've been making dumb sexy for way too long.
• 51:43
  Speaker 1: We've dombed down and celebrated it. We've got to make
• 51:46
  Speaker 1: smart sexy. We gotta make we got to make boring sexy.
• 51:49
  Speaker 1: A lot of what I'm saying is basic. We we
• 51:52
  Speaker 1: we have mastered the complicated. We now to now get
• 51:57
  Speaker 1: back to the base. That's why I I'm saying capitalism
• 52:01
  Speaker 1: for all. I'm saying, try it. It's not like we
• 52:05
  Speaker 1: tried this at scale and it didn't work. People want
• 52:10
  Speaker 1: to talk about Greenwood or you know Tulsa or you know, Okay,
• 52:15
  Speaker 1: that was five square blocks. That wasn't the whole city,
• 52:19
  Speaker 1: it wasn't the whole state. It wasn't a decade. And people,
• 52:21
  Speaker 1: if you want to deal with great with Tulsa, let's
• 52:23
  Speaker 1: deal with with Tulsa example. So Tousa was an example
• 52:26
  Speaker 1: of black success, black ownership, black excellence. White folks burned
• 52:31
  Speaker 1: it down racist, horrible. What happened next, That's where the
• 52:35
  Speaker 1: story ends. Were a lot of people we rebuilt it.
• 52:38
  Speaker 1: It lasted into the nineteen sixties. What happened integration once
• 52:44
  Speaker 1: we realized once the laws changed again, the second reconstruction
• 52:47
  Speaker 1: and we can go to a white man's barbershop, or
• 52:51
  Speaker 1: a white man's Dennists, or a white men's store. We
• 52:54
  Speaker 1: wanted to try it out. I understand that we wanted
• 52:56
  Speaker 1: the thing that was denied us. I get it. But
• 52:59
  Speaker 1: what happened and to the core businesses that relied on
• 53:02
  Speaker 1: that closed economy, they failed?
• 53:05
  Speaker 3: I want to ask to a couple more questions.
• 53:07
  Speaker 1: Right, I hope I answered your question. Send your send
• 53:09
  Speaker 1: your son to me.
• 53:10
  Speaker 3: Man, congrats on your prostate.
• 53:12
  Speaker 2: But listen, do you think too much emphasis gets put
• 53:15
  Speaker 2: on personal responsibility when it structural barriers are still very real?
• 53:21
  Speaker 1: No, because it's not that this is a This is
• 53:24
  Speaker 1: an end conversation, not an or conversation. You have groundwater effects,
• 53:29
  Speaker 1: and and and then you have title effects. Groundwater are
• 53:34
  Speaker 1: things you can't change, baseline things you can't change. We
• 53:37
  Speaker 1: need we need Washington D C. Congress people. That's why
• 53:41
  Speaker 1: you're elected officials really matter. They've got to change those
• 53:43
  Speaker 1: laws and affect that in the way that changes the groundwater,
• 53:47
  Speaker 1: change the system. Meanwhile, you got title effects. Where's the
• 53:52
  Speaker 1: wind blowing, where's the opportunity flowing? What are you doing
• 53:55
  Speaker 1: about it? And to me, the one thing, I'm a
• 53:58
  Speaker 1: control free I want to handle the thing I can control.
• 54:03
  Speaker 1: And I built my whole life without the government's intervention.
• 54:08
  Speaker 1: I'm not asking for permission. All money is his freedom.
• 54:12
  Speaker 1: Do you know how good it feels going well? You
• 54:14
  Speaker 1: know it is to go into a room as I
• 54:17
  Speaker 1: did last week and give people a five thousand dollars
• 54:18
  Speaker 1: scholarship just because I felt like it. I need to
• 54:21
  Speaker 1: go to a committee. I didn't have to go to
• 54:24
  Speaker 1: a write or write paper.
• 54:26
  Speaker 3: I love it.
• 54:26
  Speaker 1: You know, yeah, you know what I think. I think
• 54:29
  Speaker 1: I'm gonna give five one thousand dollars scholarships today. You know,
• 54:32
  Speaker 1: I'm gonna givel like Atlanta five million dollars of financial
• 54:35
  Speaker 1: coaching scholarships singing in a board meeting.
• 54:37
  Speaker 3: You know.
• 54:39
  Speaker 1: It, Just text my people, I just committed to five
• 54:41
  Speaker 1: million dollars. You know how good that feels? See that?
• 54:45
  Speaker 1: That's what I'm talking about. And the government had nothing
• 54:47
  Speaker 1: to do with that. The groundwater effects had nothing to
• 54:51
  Speaker 1: do with that. I was in rental real estate. I
• 54:55
  Speaker 1: gave people a chance to go from rent to own.
• 54:56
  Speaker 1: I built that company and sold it for one hundred
• 54:58
  Speaker 1: twenty million dollars. I have in digital media. I got
• 55:01
  Speaker 1: a podcast with you that's doing Money and Well podcast
• 55:04
  Speaker 1: that that just was nominated for NAACP Image.
• 55:06
  Speaker 3: You will amazing.
• 55:08
  Speaker 1: I've I've got these books, don't don't you know that
• 55:11
  Speaker 1: is not of my lifestyle, but it is something that
• 55:13
  Speaker 1: fulfills me. I've got uh you know, I've created fifty businesses,
• 55:18
  Speaker 1: none of which are in finance and financial literacy and
• 55:22
  Speaker 1: real estate and all these different area AI now none
• 55:25
  Speaker 1: of these involving the government. We're just we're traumatized. Were
• 55:30
  Speaker 1: I think we are? We? I think we are depressed, distressed, traumatized.
• 55:34
  Speaker 1: And and now what did Malcolm X say. We've been bamboozled,
• 55:38
  Speaker 1: you've been tricked, you've been fooled, you've been hoodwinked, you've
• 55:40
  Speaker 1: been running amok. So now it's the it's the shadow
• 55:43
  Speaker 1: that's scaring us. It's the it's the threat of it's
• 55:47
  Speaker 1: the history of it's the legacy of that keeps us
• 55:50
  Speaker 1: from moving. And all I'm saying is, this is your time,
• 55:54
  Speaker 1: this is your time.
• 55:55
  Speaker 6: I think it's just like when I'm listening to you
• 55:57
  Speaker 6: say that, you know how, like there's always a conversation
• 55:59
  Speaker 6: about the one like the person that makes it out
• 56:01
  Speaker 6: of their neighborhood or like whatever, right, and it's like,
• 56:03
  Speaker 6: what's that I always try to think about, like what's
• 56:05
  Speaker 6: the difference, Like we went to the same schools we
• 56:07
  Speaker 6: went to maybe I went to college, maybe you didn't,
• 56:09
  Speaker 6: or we've experienced the same people. What is the difference,
• 56:12
  Speaker 6: And it's that mindset, But like there's still that that
• 56:15
  Speaker 6: still happens, Like there's still people who are just as smart,
• 56:17
  Speaker 6: went to the same schools, who one thing threw off
• 56:21
  Speaker 6: their trajectory and then they fall back on the whole
• 56:23
  Speaker 6: blaming on the system conversation. So we just remove that
• 56:26
  Speaker 6: from our mind because there are people that are still
• 56:28
  Speaker 6: trying want to do things that still keep coming up
• 56:31
  Speaker 6: against this like something.
• 56:32
  Speaker 1: So like what are we doing? And you're giving excellent questions, Yes,
• 56:36
  Speaker 1: remove it from your mind. I walk through life consciously
• 56:39
  Speaker 1: oblivious of most things around me because the stuff just
• 56:42
  Speaker 1: doesn't matter. I am laser focused. I tell people I'm
• 56:47
  Speaker 1: coming that way. I'm gonna encourage you to move out
• 56:49
  Speaker 1: of the way. I don't want to run over you.
• 56:50
  Speaker 1: I don't want to hurt you. I'm giving you fair warning.
• 56:53
  Speaker 1: I'm coming that way over to rounded through it. I'm
• 56:56
  Speaker 1: going to get to it. I take no Forrovidamins. Success
• 56:59
  Speaker 1: is going from failure to failure without loss of enthusiasm.
• 57:03
  Speaker 1: I'm coming that way. I'm warning you. That breeds confidence
• 57:07
  Speaker 1: that people are like, oh dang, I don't even like you,
• 57:09
  Speaker 1: but I respect you. I mean, that's that's sexy. Okay,
• 57:12
  Speaker 1: maybe I'll join you. You know, I'm I was gonna
• 57:14
  Speaker 1: get in your way, and maybe I'll get so. Yes,
• 57:16
  Speaker 1: you have got to ignore the drama and and keep
• 57:19
  Speaker 1: it moving. That's him, by the way, right, Ignore the drama,
• 57:23
  Speaker 1: keep it moving, and and let me let me now
• 57:27
  Speaker 1: go to the other side. The mainstream situation is they've
• 57:31
  Speaker 1: got so many success stories and so much infrastructure. They
• 57:35
  Speaker 1: can be half the half wits and half smart and
• 57:38
  Speaker 1: half THEMB and they just get carried because their their
• 57:42
  Speaker 1: boy is the CEO of a company, and there and
• 57:45
  Speaker 1: the and then, and his sister is tired of the
• 57:47
  Speaker 1: nephew sleeping on the couch, Can you give him an internship?
• 57:51
  Speaker 1: And sure? Right, so he's not all that smart, but
• 57:53
  Speaker 1: he still gets in. So that is an unfair advantage.
• 57:57
  Speaker 1: We need to create that unfair advantage for our knit
• 58:00
  Speaker 1: with cousins. And you're only going to do that role modeling.
• 58:03
  Speaker 1: Why am I businessman? I'm sorry? Why am I an entrepreneur?
• 58:06
  Speaker 1: My daddy was a businessman, His daddy was a sharecropper,
• 58:10
  Speaker 1: and his granddaddy was a slave. Who's fault in the
• 58:13
  Speaker 1: in the Union Army and protected Memphis, Tennessee as a
• 58:17
  Speaker 1: George Young who is an officer? Why is my mother
• 58:20
  Speaker 1: an investor in? Well, she's so good to me, and
• 58:21
  Speaker 1: tell me she loved me because her mother didn't tell
• 58:23
  Speaker 1: her she loved her, So she turned a negative into
• 58:28
  Speaker 1: a positive. My mother owned seven homes. My grandmother owned
• 58:31
  Speaker 1: a shotgun shot my great grandmother owned one house from
• 58:35
  Speaker 1: slavery with a border a renter. I owned seven hundred.
• 58:37
  Speaker 1: We're not geniuses, we're role modeling is an old saying,
• 58:42
  Speaker 1: no matter how much I love you, my son and
• 58:44
  Speaker 1: my daughter, if I don't have wisdom, all I can
• 58:48
  Speaker 1: give you is my own ignorance. So out of love,
• 58:51
  Speaker 1: we passed down bad habits from generation to generation. I
• 58:54
  Speaker 1: can't guarantee you that being being positive and doing this
• 58:57
  Speaker 1: is going to make you a success. I cannot. I
• 59:00
  Speaker 1: absolutely guarantee you that being negative and not doing this
• 59:02
  Speaker 1: is gonna make you fail.
• 59:03
  Speaker 3: You keep saying try it. This is my last question.
• 59:06
  Speaker 2: Right, is the wealth gap a capitalism problem? Or who
• 59:10
  Speaker 2: has access to capitalism?
• 59:16
  Speaker 1: The wealth gap is a historical problem because it already exists.
• 59:22
  Speaker 3: How capitalism right?
• 59:24
  Speaker 1: Because of bad capitalism was we talked about earlier. Slavery
• 59:27
  Speaker 1: was bad capitalism. So let's go to the book and
• 59:30
  Speaker 1: an example. I gave this a fifty year old it's
• 59:33
  Speaker 1: a fifty year story. It's a fifty year old history
• 59:38
  Speaker 1: of what's already happened. That proves my point. So in
• 59:43
  Speaker 1: nineteen sixty eight, whatever, doctor King and Andrew Young, all
• 59:46
  Speaker 1: these people, doctor Dorothy Hype fought for civil our civil rights,
• 59:49
  Speaker 1: and we got affirmative action through President Johnson, President Kennedy
• 59:53
  Speaker 1: and Honorary President King, doctor King, and then doctor King
• 59:57
  Speaker 1: gets assassinated and then Kennedy comes in, which is a
• 1:00:00
  Speaker 1: reaction to by the way, it's still happening. So Nixon
• 1:00:04
  Speaker 1: was a reaction to Johnson, conservative reaction to suppose so
• 1:00:08
  Speaker 1: called liberal By the way, Johnson was a responsible reaction
• 1:00:11
  Speaker 1: into Lincoln in eighteen hundreds, and some would argue that
• 1:00:14
  Speaker 1: what's happening now is a reaction to Obama. To Obama,
• 1:00:17
  Speaker 1: just go back to your point. So in nineteen seventy two, women,
• 1:00:23
  Speaker 1: a white woman could not get a bank account in
• 1:00:27
  Speaker 1: nineteen seventy two, not eighteen seventy two. She couldn't get
• 1:00:29
  Speaker 1: a loan unless her husband co signed it. There was
• 1:00:32
  Speaker 1: a whole debate about women's roles. You guys couldn't have
• 1:00:36
  Speaker 1: had you guys couldn't be sitting here in nineteen seventy two,
• 1:00:38
  Speaker 1: white version of you couldn't be sitting here because you
• 1:00:41
  Speaker 1: had to be at home with babies or whatever. You
• 1:00:43
  Speaker 1: were not supposed to be in the workplace. There's a
• 1:00:45
  Speaker 1: whole debate. So finally they said, break through debate. We're
• 1:00:48
  Speaker 1: gonna give it from reaction. We're gonna give it to
• 1:00:49
  Speaker 1: white women. I'm cool with that, No problem. That helped
• 1:00:52
  Speaker 1: the door to black women, Latino women, and all women.
• 1:00:56
  Speaker 1: What's the result Today? Women are a third of the
• 1:00:59
  Speaker 1: US economy thirty three dollars economy, and women are eight
• 1:01:03
  Speaker 1: to ten trade of that every year. So we hadn't
• 1:01:05
  Speaker 1: got that experiment right, this would be we'd be a
• 1:01:09
  Speaker 1: second tier nation today and also ram country. So we
• 1:01:13
  Speaker 1: need to now apply that to what people call diversity
• 1:01:18
  Speaker 1: and inclusion or what some people will call DEI, which
• 1:01:21
  Speaker 1: I think is useless. I forget all these programmed names,
• 1:01:24
  Speaker 1: forget all this drama, the math says. The math says
• 1:01:29
  Speaker 1: that my rich friends, my poor friends do better if
• 1:01:32
  Speaker 1: only to stay rich. The math says the forty percent
• 1:01:34
  Speaker 1: of black of this country economy is diverse people us.
• 1:01:38
  Speaker 1: The math says that within ten years this will be
• 1:01:41
  Speaker 1: a majority of minorities. Now we're starting to get to
• 1:01:43
  Speaker 1: the real deal unless we want to be speaking Chinese
• 1:01:46
  Speaker 1: in twenty years. There's not enough successful, college educated white
• 1:01:51
  Speaker 1: men for the first time in history to drive economic
• 1:01:54
  Speaker 1: growth in the next twenty years. Now, if you haven't
• 1:01:56
  Speaker 1: heard anything I've said, I hope you heard that never
• 1:02:00
  Speaker 1: happened in the history of this country. This country actually
• 1:02:03
  Speaker 1: needs you to be successful in order for them to
• 1:02:07
  Speaker 1: keep their cars, their boats, their yachts, their houses, their businesses.
• 1:02:11
  Speaker 1: We are a consumer base. We are a customer base.
• 1:02:16
  Speaker 1: We are untapped capital. We are smart, we are good
• 1:02:19
  Speaker 1: business people. We just have not been invested in. And
• 1:02:23
  Speaker 1: I think that is what's happening. That is the new
• 1:02:25
  Speaker 1: that is the opportunity that's now in front of us
• 1:02:30
  Speaker 1: for the next ten years. And I've written a business
• 1:02:31
  Speaker 1: plan for Black America. I've given you copies of it.
• 1:02:35
  Speaker 3: We can people download this if they want.
• 1:02:37
  Speaker 1: They can go to Dream Forward. You just you know,
• 1:02:40
  Speaker 1: go to John O'Brien and Dream Forward, or go to
• 1:02:42
  Speaker 1: the go to Capitalism for All the New website for
• 1:02:45
  Speaker 1: the book, or go to and get the book, or
• 1:02:48
  Speaker 1: go to Operation Hope. I made it really easy. Go
• 1:02:49
  Speaker 1: to Operation Hope website, Brian good Venture's website, Capitalism for
• 1:02:52
  Speaker 1: All website, Dream Forward. Are just typing my name and
• 1:02:55
  Speaker 1: business plan for Black America. Download it. There's not one thought.
• 1:02:59
  Speaker 1: There's not one I mentioned of the government in here anywhere, right,
• 1:03:03
  Speaker 1: And this is and if we don't do this, here's
• 1:03:05
  Speaker 1: what I can tell you. Black net worth is scheduled
• 1:03:08
  Speaker 1: to be by twenty fifty three zero if we do
• 1:03:13
  Speaker 1: nothing but complain and wine and belly ache. This is
• 1:03:17
  Speaker 1: before the government walked away from you. This is before
• 1:03:20
  Speaker 1: we were thrown into the fires of capitalism. It was
• 1:03:23
  Speaker 1: scheduled to be zero, but with my plan says it
• 1:03:26
  Speaker 1: could be three point five trillion dollars in ten years.
• 1:03:31
  Speaker 1: That's a billion dollar. It's a trillion dollars. In business acquisition,
• 1:03:36
  Speaker 1: it's a it's a trillion dollars. So let me give
• 1:03:39
  Speaker 1: the me someone. Man, if you raise your credit score
• 1:03:42
  Speaker 1: to seven hundred, if we go from six twenty to
• 1:03:45
  Speaker 1: seven hundred, less than one hundred points, that's worth seven
• 1:03:47
  Speaker 1: hundred and fifty billion dollars of net worth in ten years.
• 1:03:52
  Speaker 1: You take that Seator credit score, you do what? Buy
• 1:03:55
  Speaker 1: a house them on way you built, Whether in America
• 1:03:58
  Speaker 1: is home ownership, don't in New York City or LA
• 1:04:01
  Speaker 1: is too expensive. Go to a second tier city, Go
• 1:04:03
  Speaker 1: to where the puck is going. Go to a city
• 1:04:05
  Speaker 1: that's on that. I could have never been wealthy living
• 1:04:08
  Speaker 1: in LA. I had to go buy. I moved to Atlanta,
• 1:04:11
  Speaker 1: and I bought seven hundred homes for eighty eight thousand
• 1:04:13
  Speaker 1: dollars each in Atlanta, those homes are now worth four
• 1:04:16
  Speaker 1: hundred thousand dollars each. Just do the math. But I
• 1:04:18
  Speaker 1: moved there in two thousand and nine. So find the
• 1:04:21
  Speaker 1: next Atlanta. Find the next Nashville, find the next La,
• 1:04:24
  Speaker 1: find the next stop. Stop trying to do everything in
• 1:04:27
  Speaker 1: one place, right, Yeah, and buy a house with that
• 1:04:30
  Speaker 1: high credit score. And that's worth eight hundred billion dollars.
• 1:04:33
  Speaker 1: Now that eight hundred billion and seve hundred fifty billion
• 1:04:35
  Speaker 1: that's helped me now one point five ish trillion. Go
• 1:04:39
  Speaker 1: buy these businesses that already exist. That's another trillion artificial
• 1:04:43
  Speaker 1: intelligence levels of playing field. You can start a business,
• 1:04:46
  Speaker 1: a million dollar business with one person and technology with
• 1:04:50
  Speaker 1: for a thousand bucks. That's never happened. A million dollar
• 1:04:53
  Speaker 1: business that's a trillion dollars. In tenure has three trillion dollars.
• 1:04:57
  Speaker 1: And I haven't said government one time. Why are we obsessing?
• 1:05:01
  Speaker 1: Why are we screaming at the TV all day about
• 1:05:05
  Speaker 1: something you can't control. You got the largest reality TV
• 1:05:09
  Speaker 1: show in the history of the world going on in Washington, DC,
• 1:05:12
  Speaker 1: and every day is a new episode. And they got us,
• 1:05:15
  Speaker 1: They got us, They got us completely whipsawed and were
• 1:05:18
  Speaker 1: sitting there obsessing about something you have no control over
• 1:05:21
  Speaker 1: as they keep you distracted from something else. So focus,
• 1:05:26
  Speaker 1: be obsessed with your time in your mind. Focus on
• 1:05:30
  Speaker 1: what you can control. By the way I said this
• 1:05:33
  Speaker 1: in the book. Ninety percent of all GDP in this
• 1:05:35
  Speaker 1: country comes from cities, not the federal government. Go in
• 1:05:43
  Speaker 1: your neighborhood, Volunteer in your school board, Volunteer for your mayor,
• 1:05:48
  Speaker 1: Volunteer at your school where your kid goes, Start a
• 1:05:52
  Speaker 1: business in your neighborhood. Give back, get your own home, right,
• 1:05:56
  Speaker 1: I mean that's a full time job. Let's get to
• 1:06:00
  Speaker 1: the base. Get an insurance policy, get a will, get
• 1:06:04
  Speaker 1: a job, get a life, get your credit score. Right. Okay,
• 1:06:08
  Speaker 1: I'm gonna stop.
• 1:06:10
  Speaker 7: Do you want to say thank you John for helping
• 1:06:12
  Speaker 7: me and my husband putting us together, putting us with
• 1:06:15
  Speaker 7: a financial advisor. Oh no, you know, I appreciate it.
• 1:06:19
  Speaker 7: Shout out to Lance Virgil Operation Hope. I totally appreciate it.
• 1:06:23
  Speaker 7: Because we was about to pay some money to learn
• 1:06:26
  Speaker 7: about financial literacy and John was like, now, it's like
• 1:06:30
  Speaker 7: he literally kicked into like the uncle who was ready
• 1:06:33
  Speaker 7: go off because he found out that, you know, we
• 1:06:35
  Speaker 7: were about to pay for some financial literacy that you
• 1:06:38
  Speaker 7: know that we can learn at Operation Hope. You just
• 1:06:41
  Speaker 7: put us with a financial advisor. We're about to start
• 1:06:44
  Speaker 7: these courses. Man, So I appreciate you.
• 1:06:46
  Speaker 1: That's beautiful. And it's also beautiful that you were not
• 1:06:48
  Speaker 1: afraid to say that right on the air. This is
• 1:06:50
  Speaker 1: what I'm talking about. This is this is what makes
• 1:06:52
  Speaker 1: makes me warns my heart. I can't I can't say
• 1:06:55
  Speaker 1: these names. But if you know the kind of folks
• 1:06:57
  Speaker 1: are calling my phone, these are these are household names,
• 1:07:01
  Speaker 1: and they're like, look, I'm sick and tired of being
• 1:07:03
  Speaker 1: sick and tired. Yeah, like, help me, I'm trying to
• 1:07:06
  Speaker 1: do this. I mess this up, Help me fix this.
• 1:07:08
  Speaker 1: Some of the biggest stars and names on the planet
• 1:07:11
  Speaker 1: are saying I'm tired of struggling. Oh yeah.
• 1:07:15
  Speaker 3: Some of them called me to get to you. Can
• 1:07:17
  Speaker 3: you connect me with John O'Brien.
• 1:07:19
  Speaker 1: I'm just very inspired man about this moment. I think
• 1:07:21
  Speaker 1: we have a real shot, a real shot and turning
• 1:07:24
  Speaker 1: into tide on this Rainbows only follow storms. You cannot
• 1:07:28
  Speaker 1: have a rainbow with our storm. First, you cannot grow
• 1:07:30
  Speaker 1: except the legitimate suffering. And who has suffered more than us.
• 1:07:34
  Speaker 1: We've been doing so much with so little for so long.
• 1:07:38
  Speaker 1: We can almost do anything with nothing. Over the rounded
• 1:07:41
  Speaker 1: through it, We're gonna get that. We're not gonna give up.
• 1:07:43
  Speaker 1: So my white friends are like, oh, there's a crisis.
• 1:07:47
  Speaker 1: We have a crisis every Tuesday. Crisis, don't bother us.
• 1:07:51
  Speaker 1: So the fact that you said this, I'm honored to
• 1:07:54
  Speaker 1: help you. But the fact that you acknowledged this, and
• 1:07:56
  Speaker 1: by the way, kudos in your book I ordered something.
• 1:07:58
  Speaker 1: Thank you a lot about your maturity and your growth,
• 1:08:02
  Speaker 1: because half of this is just showing up in your
• 1:08:04
  Speaker 1: own life. No one's coming to save us. We gotta
• 1:08:06
  Speaker 1: do that for ourselves. Has this been useful? I mean,
• 1:08:10
  Speaker 1: has this been is.
• 1:08:11
  Speaker 4: Very much, very much.
• 1:08:13
  Speaker 3: And we got a couple of calls to action. You know,
• 1:08:17
  Speaker 3: we want you to go to uh, you know what
• 1:08:19
  Speaker 3: is it? Dream Forward?
• 1:08:20
  Speaker 1: Dream Forward? Yeah, download the Business Plan for Black America.
• 1:08:23
  Speaker 2: An inclusive economic business plan for Black America. And we
• 1:08:26
  Speaker 2: want you to go pick up the book Capitalism for All.
• 1:08:29
  Speaker 2: John ho'b brien.
• 1:08:29
  Speaker 1: Also, I wrote a business plan for Latino Americans, for
• 1:08:32
  Speaker 1: Native American Indians, for women's, for rural white neighborhoods. I
• 1:08:36
  Speaker 1: wrote one for everybody, So I got.
• 1:08:37
  Speaker 3: To read both.
• 1:08:38
  Speaker 1: Yes, reoth.
• 1:08:47
  Speaker 2: Is John O'Brien, go pick up Capitalism for All. To
• 1:08:49
  Speaker 2: make sure you download the Money and Wealth podcast on
• 1:08:52
  Speaker 2: the Black Effect Podcast Network. John O'Brien will actually be
• 1:08:54
  Speaker 2: with us at the Black Effect Podcast Festival in Atlanta,
• 1:08:57
  Speaker 2: Georgia on April twenty fifth. He's on the the AI panel,
• 1:09:01
  Speaker 2: I believe, Yeah, the AI panel. So come check out
• 1:09:04
  Speaker 2: John ho'brien at the Black Effect Podcast Festival Saturday, April
• 1:09:07
  Speaker 2: twenty fifth in Atlanta, Georgia.
• 1:09:08
  Speaker 3: John, love you brother, Love you back.
• 1:09:10
  Speaker 1: And let me just say this great wrap up. You
• 1:09:12
  Speaker 1: are a bad brother, and people have no idea how
• 1:09:16
  Speaker 1: smart you are and what an underground profit you are
• 1:09:20
  Speaker 1: about the community. You really care about your community. I
• 1:09:23
  Speaker 1: get cast from you at midnight on the weekend and
• 1:09:26
  Speaker 1: it's never about you. It's always about how do we
• 1:09:28
  Speaker 1: make our community better? And people don't know you're an
• 1:09:31
  Speaker 1: owner and you you're lifting other people up with your
• 1:09:33
  Speaker 1: book in print and you and your podcast platform. You
• 1:09:37
  Speaker 1: could have done this all for yourself by yourself, but
• 1:09:40
  Speaker 1: you bring other folks with you, and that's the kind
• 1:09:43
  Speaker 1: of role model we need to immulate. Man.
• 1:09:44
  Speaker 2: Thank you, John, I appreciate you. Go pick up Capital
• 1:09:47
  Speaker 2: Loom for all available everywhere you buy books.
• 1:09:48
  Speaker 3: Now. It's John ho'brien is the breakfast club every day
• 1:09:53
  Speaker 3: up waiting clicks up the breakfast club. You'll finish till
• 1:09:57
  Speaker 3: y'all done it.