00:00:01,566 --> 00:00:04,833
Surviving mindset, thriving mindset,

00:00:05,966 --> 00:00:08,366
winning mindset. Winners are built.

00:00:08,366 --> 00:00:11,566
I can look at you,
I we just met, but I can.

00:00:11,633 --> 00:00:12,733
I read people fairly well.

00:00:12,733 --> 00:00:15,433
We're not human beings
having a spiritual experience.

00:00:15,433 --> 00:00:18,266
We're spiritual beings
having a human experience.

00:00:18,266 --> 00:00:19,933
Energy matters.

00:00:19,933 --> 00:00:22,933
I can look at you and tell you, you had
somebody who told you they loved you.

00:00:23,066 --> 00:00:24,433
Like I look at you,

00:00:24,433 --> 00:00:27,499
I can look at you and tell you
you have both self esteem and confidence.

00:00:27,499 --> 00:00:29,833
Those two things are different.

00:00:29,833 --> 00:00:31,766
If you believe
we can change the narrative.

00:00:31,766 --> 00:00:33,999
If you believe,
we can change our communities.

00:00:33,999 --> 00:00:37,333
If you believe we can change the outcomes
and we can change the world.

00:00:38,066 --> 00:00:39,633
I'm Rob Richardson.

00:00:39,633 --> 00:00:41,499
Welcome to disruption.

00:00:41,499 --> 00:00:42,533
Welcome to the discussion.

00:00:42,533 --> 00:00:45,299
Now I'm your host and moderator,
Rob Richardson with me.

00:00:45,299 --> 00:00:48,999
I'm honored to have John Hope Bryant,
entrepreneur, philanthropist,

00:00:49,233 --> 00:00:52,866
author of many books, advisors
to many presidents, and author,

00:00:52,866 --> 00:00:56,799
author of his latest book, financial,
Financial Literacy for all, which I have,

00:00:56,799 --> 00:00:58,833
which I'm currently reading. I've.

00:00:58,833 --> 00:01:00,399
I've definitely looked up to him.
I'm sorry.

00:01:00,399 --> 00:01:04,633
I'm on breakfast Club and many others,
and many other, segments, including CNBC

00:01:04,899 --> 00:01:05,699
and many others.

00:01:05,699 --> 00:01:07,833
And he is definitely a disruptor.

00:01:07,833 --> 00:01:12,066
He's disrupting, struggles, you know,
particularly for, African Americans

00:01:12,066 --> 00:01:15,066
and having to accept struggle,
particularly when it comes to finances

00:01:15,099 --> 00:01:16,899
and is working to empower all. John.

00:01:16,899 --> 00:01:18,666
Pleasure
to have you all disruption, brother.

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My honor to be on with you. Rob.

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I can't hear him. We need to set the mic.

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On to be with you.

00:01:24,999 --> 00:01:25,633
It's nothing.

00:01:25,633 --> 00:01:28,633
I got a little bit of sound issue here.

00:01:30,299 --> 00:01:30,633
All right.

00:01:30,633 --> 00:01:32,599
I can't hear my mind.

00:01:32,599 --> 00:01:33,466
Brother. Brother.

00:01:33,466 --> 00:01:35,199
Boom boom. Testing. One. Two, three.

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All right, so let's get that.

00:01:36,299 --> 00:01:38,799
Let's, Yeah, we got it.

00:01:38,799 --> 00:01:39,166
We doing?

00:01:39,166 --> 00:01:42,166
Now, give me a second.

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Audio test.

00:01:45,099 --> 00:01:46,399
Test. Do the test for test.

00:01:46,399 --> 00:01:48,099
The speaker. Is that right?

00:01:48,099 --> 00:01:50,866
I can hit test it. Test.

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I can't hear that. No.

00:01:52,499 --> 00:01:53,633
One. Two. Three.

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Trying to. Hear it.

00:01:54,966 --> 00:01:56,599
I can hear, I can hear it.

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I can hear him now. John. Yo. I'm here.

00:01:58,599 --> 00:01:59,533
All right, you're here.

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Sorry about that.

00:02:00,299 --> 00:02:02,733
So good
to have you on. Pleasure to have you on.

00:02:02,733 --> 00:02:04,733
So yeah, I really want to start with,

00:02:04,733 --> 00:02:06,733
you know,
kind of going into your journey, I,

00:02:06,733 --> 00:02:11,199
I kind of see that you started off with,
that your that your mother was kind of.

00:02:11,366 --> 00:02:12,099
From what I could tell,

00:02:12,099 --> 00:02:15,766
she was kind of your source of inspiration
when it came to entrepreneurship and,

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and, hiring your father started off,
you know, very early on in the segregated

00:02:21,099 --> 00:02:24,566
South, actually,
becoming, entrepreneurs pretty early.

00:02:25,299 --> 00:02:29,799
and then reverted back, through,
I guess, divorce and other issues.

00:02:30,133 --> 00:02:33,666
I wonder, like, what did that
how did that moment, like, really shape

00:02:33,666 --> 00:02:36,666
your life in terms of what you do now,
when it comes to financial literacy?

00:02:37,766 --> 00:02:38,099
well,

00:02:38,099 --> 00:02:42,866
you said a word, as I'd say the community,
when you talk about my mother,

00:02:42,866 --> 00:02:45,899
she wasn't the source of my
of my inspiration for entrepreneurship.

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Actually, she
she didn't want me to be an entrepreneur.

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Oh, really?

00:02:48,899 --> 00:02:49,533
Okay.

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Wanting to get a job. She.

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She was tired of worrying about me,
so she she really wanted me to go to work.

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If I if she had her druthers,
she would have had been working at

00:03:00,999 --> 00:03:04,866
McDonnell Douglas Aircraft,
where she worked, which became Boeing

00:03:04,866 --> 00:03:06,133
aircraft later.

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but she was a premier saver,
premier investor.

00:03:10,799 --> 00:03:12,933
she was financially literate.

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She had a credit score over 800.

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It was in the mid 80s back in the day
when they a50 that

00:03:18,833 --> 00:03:21,399
that schedule
that's that score doesn't exist anymore.

00:03:21,399 --> 00:03:22,966
But there was a time we went up to 850.

00:03:22,966 --> 00:03:25,899
She was eight over 850. she.

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And when she said she bought a car,
she meant cash.

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That was her name was her
name was one of the smith she passed on

00:03:33,366 --> 00:03:36,333
last September is been promoted.

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so she.

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But most importantly, she told me
she loved me every day of my life.

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And, there's nothing more powerful in
the child being told that they're loved.

00:03:46,566 --> 00:03:48,499
I can tell that somebody told you.

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Absolutely. Loved you.

00:03:49,833 --> 00:03:52,966
I can tell you
I can look in your eyes and see that

00:03:52,966 --> 00:03:56,166
you can always tell
when somebody was well loved.

00:03:56,699 --> 00:04:00,799
And if you want to find a good man,
it said, find a man who had a great

00:04:00,799 --> 00:04:01,866
relationship with his mother

00:04:02,799 --> 00:04:04,466
to find a woman,

00:04:04,466 --> 00:04:07,933
find a woman who has a great relationship
or had a great wish with her dad.

00:04:07,933 --> 00:04:10,699
Now, you can have relationships
without that.

00:04:10,699 --> 00:04:12,833
But it's it's an easy cheat sheet.

00:04:12,833 --> 00:04:15,833
If you find somebody
who had a great relationship with their,

00:04:15,866 --> 00:04:20,333
really the opposite sex, if you will,
in the relationship of a parents,

00:04:20,699 --> 00:04:25,499
it gave them something that they didn't
have naturally, as a male or female,

00:04:25,499 --> 00:04:28,499
and it gave them respect and consideration

00:04:28,666 --> 00:04:31,333
for that opposite, sex.

00:04:31,333 --> 00:04:35,033
Also, my dad was he was a businessman.

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He was an entrepreneur.

00:04:36,399 --> 00:04:37,666
He ran a traditional business.

00:04:37,666 --> 00:04:39,733
It seemed a contracting business,

00:04:39,733 --> 00:04:43,633
but he was a hustler, in the family
and my grandfather.

00:04:43,866 --> 00:04:46,866
So as Johnny Smith,
my dad, my grandfather, R.B.

00:04:46,866 --> 00:04:49,666
Smith, was a sharecropper.

00:04:49,666 --> 00:04:54,199
And my second great grandfather,
George Young,

00:04:54,566 --> 00:04:58,733
fought in the Civil War
in the Black Lives,

00:04:59,099 --> 00:05:04,366
as a result of the Emancipation
Proclamation signed by Lincoln,

00:05:04,366 --> 00:05:09,133
he was assigned as one of 7000 officers
in the US

00:05:09,133 --> 00:05:12,999
black troops, in, Memphis, Tennessee.

00:05:13,533 --> 00:05:18,233
And, so that's where I got my freedom
fighter, social justice bonds.

00:05:18,533 --> 00:05:21,633
And then my business bonds, again,
came through.

00:05:21,633 --> 00:05:24,966
My grandfather
and my dad and I became an entrepreneur

00:05:25,399 --> 00:05:28,933
almost as a new feature
in our family lineage.

00:05:28,966 --> 00:05:32,166
As, you know, to be an entrepreneur
a little bit, be a little bit crazy.

00:05:32,666 --> 00:05:36,566
and my dad wanted freedom, but he.

00:05:36,666 --> 00:05:40,599
I think he wanted it in a box
he could recognize.

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And that's nothing wrong

00:05:42,632 --> 00:05:43,599
about entrepreneurship.

00:05:43,599 --> 00:05:49,632
But because of the courage that my dad, my
mother had, he gave me expanded courage.

00:05:50,032 --> 00:05:52,699
and really, courage is, you know,

00:05:52,699 --> 00:05:56,599
courage is, your faith
reaching through your fear,

00:05:57,466 --> 00:06:00,299
displaying itself as action in your life.

00:06:00,299 --> 00:06:03,132
And,
I was just standing on tall shoulders.

00:06:03,132 --> 00:06:06,132
Had great reason to be courageous.

00:06:06,266 --> 00:06:09,266
because of the the seasons

00:06:09,599 --> 00:06:12,299
that came before me.

00:06:12,299 --> 00:06:17,266
So, you know, it is a lot of role
modeling that went on before me.

00:06:17,266 --> 00:06:18,999
That's really what you're talking about?

136
00:06:18,999 --> 00:06:24,232
Yes. Both in in the form of love
where mother gave me, you know what I did?

00:06:24,232 --> 00:06:25,899
At one point, I owned 700 homes.

00:06:25,899 --> 00:06:28,899
I sold the company Promised Homes Company
two years ago.

00:06:29,332 --> 00:06:32,266
I'm a passive shareholder now,
but I sold the company, but I grew.

00:06:32,266 --> 00:06:36,532
It grew from 0 to 700 homes, about $150
million.

00:06:36,532 --> 00:06:40,032
And asset value, where my mother owned

00:06:40,032 --> 00:06:43,299
seven homes
and my grandmother owned a shotgun shack.

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So I'm

00:06:45,999 --> 00:06:50,532
so I'm curious, also, like you said, that
it wasn't your obviously your parents,

00:06:50,532 --> 00:06:54,632
your background gave you the strength
and the courage to go out here and disrupt

00:06:54,632 --> 00:06:56,932
to be an entrepreneur,
which is a crazy thing to do

00:06:56,932 --> 00:06:59,432
no matter who you are,
where you come from.

00:06:59,432 --> 00:07:02,532
But what inspired you to
to seek out this path and to

00:07:02,532 --> 00:07:03,699
and to get on this path

00:07:03,699 --> 00:07:05,832
when you you definitely
had examples of courage,

00:07:05,832 --> 00:07:08,832
but not necessarily examples
of entrepreneurship?

00:07:08,932 --> 00:07:10,966
Yeah.

00:07:10,966 --> 00:07:14,032
I became convinced at nine years old,

00:07:14,966 --> 00:07:19,932
that freedom had changed in America.

00:07:20,466 --> 00:07:23,599
it had always been this way.

00:07:23,599 --> 00:07:29,166
But people of color, in particular,
black people, either didn't recognize it

00:07:29,166 --> 00:07:32,932
or it wasn't introduced to us,
or it was snatched from us as a pathway

00:07:32,932 --> 00:07:38,799
for it was denied
us, of us, as a pathway forward.

00:07:38,799 --> 00:07:42,166
So we use the government,
we use the thing that was in front of us.

00:07:42,166 --> 00:07:46,332
We use the thing that had worked
as a lever to get freedom

00:07:46,332 --> 00:07:50,566
through civil rights,
which made perfect sense, the 1800s and,

00:07:50,832 --> 00:07:55,432
through the 1900s, you know, Doctor King,
the prophet of the 20th century,

00:07:55,432 --> 00:07:58,432
my mentor, Ambassador Andrew Young,
who built the city,

00:07:58,966 --> 00:08:02,266
that I'm sitting in now,
Atlanta is the only international city

00:08:02,266 --> 00:08:03,799
in the traditional South.

00:08:03,799 --> 00:08:07,299
Did that by leverage,
pulling the levers of government?

00:08:07,566 --> 00:08:10,366
I so I understood

00:08:10,366 --> 00:08:13,366
why my black brothers and sisters
relied so much on it.

00:08:13,832 --> 00:08:17,232
But at a very early age,
I began to understand

00:08:17,532 --> 00:08:20,699
also that of the hundreds of ethnic groups
in America,

00:08:21,632 --> 00:08:24,166
only blacks, African-Americans,

00:08:25,399 --> 00:08:28,132
poor whites

00:08:28,132 --> 00:08:31,132
who are now riding at the ballot box,
by the way,

00:08:31,266 --> 00:08:33,866
they write to just differently,

00:08:33,866 --> 00:08:37,199
poor whites and Native American Indians.

00:08:37,699 --> 00:08:41,799
All three of those groups
did not use a free enterprise system.

00:08:42,266 --> 00:08:45,066
two of those groups, two of those groups

00:08:45,066 --> 00:08:48,432
relied exclusively on the government for,

00:08:49,032 --> 00:08:52,132
redress and, access the.

00:08:52,532 --> 00:08:55,532
But all three of those groups,
got left behind.

00:08:55,666 --> 00:08:58,899
And, the number one
group dying in America today,

00:09:00,566 --> 00:09:03,599
high school educated white men,
people don't know that number one group.

00:09:03,899 --> 00:09:07,432
Now, the number that the number one group
dying is white men.

00:09:07,466 --> 00:09:10,366
Number one, drop it. And dropping dead
today.

00:09:10,366 --> 00:09:12,299
It's been this way for a decade.

00:09:12,299 --> 00:09:16,366
high school
educated white men dropping dead

00:09:16,532 --> 00:09:21,599
like this because it's opioid addiction
and other disease.

00:09:21,699 --> 00:09:24,632
Really? It's it's it's it's depression.

00:09:24,632 --> 00:09:25,232
It's lost.

00:09:25,232 --> 00:09:26,032
Oh, yes.

00:09:26,032 --> 00:09:31,432
And, in this same group are angry and
they are riding, riding at the ballot box.

00:09:31,432 --> 00:09:36,166
They didn't have a spokesman for,
you know, I don't know, 70 years,

00:09:36,366 --> 00:09:39,232
50 years
at least since the Industrial Revolution.

00:09:39,232 --> 00:09:42,632
And then my tripped up and decided
that I decided

00:09:42,766 --> 00:09:46,332
I tripped up and became their spokesman
for their frustration.

00:09:46,899 --> 00:09:49,032
And now they are they are on it.

00:09:49,032 --> 00:09:51,766
They are out here saying,
I will not be denied.

00:09:51,766 --> 00:09:57,666
And you can't and you can't be angry
at them for being frustrated and angry.

00:09:57,666 --> 00:09:59,332
Their anger is not a strategy.

00:09:59,332 --> 00:10:01,532
Anger is not a business plan.

00:10:01,532 --> 00:10:03,632
It doesn't work for black people
in right in the streets.

00:10:03,632 --> 00:10:06,366
It's not going to work for my poor whites
when they write in the,

00:10:06,366 --> 00:10:07,699
in the ballot box.

00:10:07,699 --> 00:10:10,799
But it feels good in the short term.

00:10:10,799 --> 00:10:12,099
And there's somebody always

00:10:12,099 --> 00:10:15,599
willing to stand up
and fan the flames of your frustration.

00:10:15,966 --> 00:10:19,399
But it is, it will it,
you know, you will find us the North Pole.

00:10:19,399 --> 00:10:20,199
You end up south.

00:10:20,199 --> 00:10:22,899
It does not last.
So I kept looking for something.

00:10:22,899 --> 00:10:25,666
I like math
because it doesn't have an opinion.

00:10:25,666 --> 00:10:27,932
That's a melody. Hobson quote.

00:10:27,932 --> 00:10:31,666
And,
when I looked at the math of the matter,

00:10:31,666 --> 00:10:35,466
the the details,
I kept doing the process of elimination.

00:10:35,466 --> 00:10:39,866
I kept, you know, I would look at our
I grew up in South Central in Compton.

00:10:40,366 --> 00:10:40,632
Right.

00:10:40,632 --> 00:10:44,299
And, I'd see our folks just dying
are getting killed.

00:10:44,799 --> 00:10:47,132
They're brilliant. Yeah. Not with us.

00:10:47,132 --> 00:10:50,099
I witnessed two murders before
I was nine years old.

00:10:50,099 --> 00:10:51,799
And the death of our family.

00:10:51,799 --> 00:10:52,766
That worth.

00:10:52,766 --> 00:10:56,199
Before I was nine years old,
it was all over money.

222
00:10:56,699 --> 00:10:59,032
I was nine years old. I think this is.

00:10:59,032 --> 00:11:00,432
This is where you're getting to.

00:11:00,432 --> 00:11:06,332
I believe I was nine years old
and a white baker came into my classroom

00:11:07,232 --> 00:11:10,299
and taught
financial literacy in Compton and,

00:11:11,532 --> 00:11:14,499
I might as well have met a martian.

00:11:14,499 --> 00:11:19,199
I mean, what do you do about the form?

00:11:19,232 --> 00:11:21,999
He came in once a week for 45 minutes.

00:11:21,999 --> 00:11:24,765
He wore his normal business suit.

00:11:24,765 --> 00:11:27,732
Yes, it's business arts in 16 floor.

00:11:27,732 --> 00:11:30,299
There was no 16th floor in Compton, right?

00:11:30,299 --> 00:11:34,099
I'm the only thing that was above
the sixth floor at all was the courthouse.

00:11:34,599 --> 00:11:36,099
It didn't go to 16 floors.

00:11:36,099 --> 00:11:37,899
And that was prophecy, folks.

00:11:37,899 --> 00:11:40,899
For criminal, supposed criminal acts.

00:11:41,165 --> 00:11:41,599
This guy

00:11:41,599 --> 00:11:45,465
worked on the 16th floor in some office
building that went beyond the 16th floor.

00:11:45,932 --> 00:11:47,499
And he had
he was there in the middle of the day.

00:11:47,499 --> 00:11:49,732
My mother couldn't show up
unless I got in trouble.

00:11:49,732 --> 00:11:51,765
She had two breaks in lunch every day.

00:11:51,765 --> 00:11:53,665
She was an hourly employee.

00:11:53,665 --> 00:11:56,132
I raised my hand in class.

00:11:56,132 --> 00:11:59,965
What do you do for a living
and how did you get rich legally?

00:12:00,699 --> 00:12:04,099
We still he said, I'm a
and I finance entrepreneurs.

00:12:04,099 --> 00:12:06,065
Entrepreneurs.

00:12:06,065 --> 00:12:07,399
That that was it, man.

00:12:07,399 --> 00:12:11,499
Was it that was it
that that that's the demarcation, Mark.

00:12:11,565 --> 00:12:14,699
I said, when this white man
came to my classroom and I said,

00:12:15,565 --> 00:12:17,199
how did you get rich legally?

00:12:17,199 --> 00:12:18,999
And he told me this, and I said,
wait a minute.

00:12:18,999 --> 00:12:23,465
And if I get your jobs to little poor
people money, that's your job.

00:12:24,099 --> 00:12:24,699
Yeah.

00:12:24,699 --> 00:12:27,699
And if I don't pay you back,
I don't get dead.

00:12:27,899 --> 00:12:31,365
No. Like, you know, I'm not going to
murder you because you notice a default.

00:12:31,899 --> 00:12:33,165
Yes. In your piece of paper.

00:12:33,165 --> 00:12:34,865
If I don't pay you back. Yes.

00:12:34,865 --> 00:12:37,532
You know, you're crazy. What's credit?

00:12:37,532 --> 00:12:39,765
It's he. Explain that to me, right? Yeah.

00:12:39,765 --> 00:12:40,499
Okay. Wait a minute.

00:12:42,132 --> 00:12:44,865
are there
any other people like you in the country?

00:12:44,865 --> 00:12:47,699
Oh, my God, there's
10,000 banks back then.

00:12:47,699 --> 00:12:50,799
there's got to be at least
a million bankers in a country.

00:12:51,065 --> 00:12:53,399
Whoa, whoa. Slow down.

00:12:53,399 --> 00:12:56,699
You mean to tell me there are a million
people running around this country

00:12:57,099 --> 00:12:59,799
and your job was a loan?
Poor people. Money.

00:12:59,799 --> 00:13:02,799
Well, we're about to be disruptive.

00:13:03,165 --> 00:13:04,465
That's so.

00:13:04,465 --> 00:13:05,599
So, judge.

00:13:05,599 --> 00:13:06,665
Hey, there it is.

00:13:06,665 --> 00:13:10,865
Yeah, I'm preneur
and one of my five positions, which was,

00:13:10,899 --> 00:13:14,399
you know, me for operation
Hope is disrupting

00:13:14,765 --> 00:13:18,132
access to capital, and access to credit.

00:13:18,699 --> 00:13:20,199
Access to credibility.

00:13:20,199 --> 00:13:23,332
the word credit comes from the Latin word
credito.

00:13:23,332 --> 00:13:24,299
Credibility.

00:13:24,299 --> 00:13:27,932
The word capital comes from the Latin word
copy to us, knowledge in the head.

00:13:28,299 --> 00:13:29,999
In banking is a trust business.

00:13:29,999 --> 00:13:31,465
You need credibility.

00:13:31,465 --> 00:13:34,965
So you have more capital
so that you can access

00:13:34,965 --> 00:13:36,465
and build a relationship with the bank.

00:13:36,465 --> 00:13:39,432
So they then open up their vaults
and lend you money

00:13:39,432 --> 00:13:43,565
because there's not a billionaire ever
that didn't do it on good debt.

00:13:43,899 --> 00:13:44,699
That's right.

00:13:44,699 --> 00:13:44,932
Yeah.

00:13:44,932 --> 00:13:50,332
There's not a big, GDP country where
the gross domestic product income is ever.

00:13:50,632 --> 00:13:52,732
Then they didn't do it on good debt.

00:13:52,732 --> 00:13:55,299
All these conversations
about how much debt we have,

00:13:55,299 --> 00:13:57,865
you folks need to knock it off.
They they say no.

00:13:57,865 --> 00:13:59,032
I mean, people say you shouldn't

00:13:59,032 --> 00:14:03,032
buy a home telling poor people
don't buy a home on TV.

00:14:03,032 --> 00:14:05,899
Those fools own a home
telling you not to own a home.

00:14:05,899 --> 00:14:07,165
It's crazy that they own a home

00:14:07,165 --> 00:14:09,465
and they probably own several other
homes they rent to somebody.

00:14:10,665 --> 00:14:11,365
Amen.

00:14:11,365 --> 00:14:13,932
And I and I will. Yeah, I own the company.

00:14:13,932 --> 00:14:18,465
That was the you know, one was a big
it was the biggest owned by minority.

00:14:18,899 --> 00:14:23,399
and I would tell
people do not rent from me

00:14:24,265 --> 00:14:28,365
right away from me, do it for a short
period of time and get out.

00:14:28,599 --> 00:14:31,232
Right. Used to work at McDonald's
your whole life.

00:14:31,232 --> 00:14:33,632
You shouldn't work at Walmart
your whole life.

00:14:33,632 --> 00:14:36,665
You can if you want to, but if you do,
make sure you get promotions.

00:14:36,999 --> 00:14:39,999
Like my CEO, my friend,
the CEO of Walmart, Doug Graham,

00:14:40,199 --> 00:14:43,565
who goes way to India right now,
he worked at Walmart, but he's a CEO.

00:14:43,999 --> 00:14:45,499
You know.

00:14:45,499 --> 00:14:48,465
I wonder though, like, I want
I want to get to I want to read

00:14:48,465 --> 00:14:51,699
quote your quote earlier
because I think it's it speaks to

00:14:52,299 --> 00:14:55,099
what we're talking about here,
that this should be something

00:14:55,099 --> 00:14:58,565
that is the things you're saying is
not it's not rocket science.

00:14:58,565 --> 00:15:02,565
Like, like like you like math a card,
from your friend Melody Hobson.

00:15:02,565 --> 00:15:04,732
Because it doesn't have an opinion.

00:15:04,732 --> 00:15:06,732
I think the the issue is that, though

00:15:07,732 --> 00:15:10,199
we are not this is not a logical thing.

00:15:10,199 --> 00:15:11,265
It's deeper than that.

00:15:11,265 --> 00:15:14,399
you know, money is the problems
with money are deeper than that.

00:15:14,399 --> 00:15:16,899
They go psychological, they go emotional.

00:15:16,899 --> 00:15:19,899
So where can one start? Yeah.

00:15:19,965 --> 00:15:20,665
Where does one start?

00:15:20,665 --> 00:15:23,665
What's the root of the issue
when it comes to money

00:15:24,065 --> 00:15:26,232
healing?

00:15:26,232 --> 00:15:27,732
Tell me more.

00:15:27,732 --> 00:15:30,399
Well, I mean, what is the.

00:15:30,399 --> 00:15:31,865
Well, there's three ways to live.

00:15:31,865 --> 00:15:36,465
And this is from, the, the book,
the memo, and then my book, from nothing

00:15:37,065 --> 00:15:40,599
sort of give you this
these, these, demarcation marks.

00:15:40,599 --> 00:15:44,365
And then my last book, Financial Literacy
for all, is literally your workbook

00:15:44,365 --> 00:15:49,532
for your family and yourself and
and get yourself, your own balance sheet

00:15:49,532 --> 00:15:52,865
and income statement, and building wealth
and not just making money.

00:15:52,865 --> 00:15:55,865
Those two things are different,
but there's three mindsets.

00:15:56,199 --> 00:15:59,299
The surviving mindset is
I put this memo in the memo,

00:15:59,532 --> 00:16:02,265
which is the memo
we never got about how the system works.

00:16:03,332 --> 00:16:06,599
Surviving mindset, thriving mindset,

00:16:07,732 --> 00:16:10,132
winning mindset. Winners are built.

00:16:10,132 --> 00:16:13,332
I can look at you,
I we just met, but I can.

00:16:13,399 --> 00:16:14,499
I read people fairly well.

00:16:14,499 --> 00:16:17,199
We're not human beings
having a spiritual experience.

00:16:17,199 --> 00:16:20,032
We're spiritual beings
having a human experience.

00:16:20,032 --> 00:16:21,699
Energy matters.

00:16:21,699 --> 00:16:24,699
I can look at you and tell you, you had
somebody who told you they loved you.

00:16:24,832 --> 00:16:26,199
Like I look at you,

00:16:26,199 --> 00:16:29,265
I can look at you and tell you
you have both self esteem and confidence.

00:16:29,265 --> 00:16:30,699
Those two things are different.

00:16:30,699 --> 00:16:32,799
to might put that into you.

00:16:32,799 --> 00:16:34,532
You also have good role models.

00:16:34,532 --> 00:16:37,399
You wouldn't select them yourself.
I can look at you and tell.

00:16:37,399 --> 00:16:40,265
I can look at you that you wake up
in the morning and you're hunting.

00:16:40,265 --> 00:16:42,698
Yes, you're you're hunting.

00:16:42,698 --> 00:16:45,598
You're a hunter. And that's a builder.

00:16:45,598 --> 00:16:46,365
so you

00:16:46,365 --> 00:16:49,598
so I can tell you that a somebody's
mindset, I can tell you that you've

00:16:49,598 --> 00:16:53,132
already graduated to a thriving mindset,
which is a which is a middle class,

00:16:53,398 --> 00:16:57,798
which is, you know,
that's about access to your jobs and.

00:16:57,865 --> 00:17:00,032
Right, they kitchens and how.

00:17:00,032 --> 00:17:02,065
How do you move from that survivor?
I've never been in it.

00:17:02,065 --> 00:17:05,798
So I don't really and I've been to your
to your point I've been extremely blessed.

00:17:05,965 --> 00:17:06,832
Like, yeah.

00:17:06,832 --> 00:17:10,632
Like, people have tried
to put limiting mindsets into me.

00:17:10,632 --> 00:17:14,198
The story I tell people often
is that I struggled in school early on,

00:17:14,498 --> 00:17:19,565
and I, and I, I was diagnosed with ADHD,
which is really not a disability.

00:17:19,565 --> 00:17:20,732
It's a learning difference.

00:17:20,732 --> 00:17:21,765
but,

00:17:21,765 --> 00:17:24,732
you know, the teachers tried to say
that I wasn't going to be a great student.

00:17:24,732 --> 00:17:27,298
And I decided one day in my life
that I was going,

00:17:27,298 --> 00:17:28,765
I said, look, I'm
going to achieve in school.

00:17:28,765 --> 00:17:31,298
And I told this to my eighth grade
teacher, and she essentially told me,

00:17:31,298 --> 00:17:33,998
that's not going to be possible,
Robert, like, you're a horrible student.

00:17:33,998 --> 00:17:35,198
That's what she told me, right?

00:17:35,198 --> 00:17:36,932
And I was close to this teacher.

00:17:36,932 --> 00:17:39,398
I went home
and I talked to my mother right.

00:17:39,398 --> 00:17:41,998
And she gave me the words.
I say this to everybody.

00:17:41,998 --> 00:17:45,732
She said, listen, Rob,
you never have to be

00:17:45,732 --> 00:17:48,865
defined by anyone's low or narrow
expectations of you.

00:17:49,132 --> 00:17:53,898
You define yourself or yourself
by yourself and let God do the rest.

00:17:53,932 --> 00:17:55,698
And hence,
that's been the story of my life.

00:17:55,698 --> 00:17:57,298
So but I was blessed to have that so

00:17:57,298 --> 00:17:58,998
but like for people
don't necessarily have that.

00:17:58,998 --> 00:18:00,965
Where do they start? John.

00:18:00,965 --> 00:18:01,665
So Quincy.

00:18:01,665 --> 00:18:04,298
So Quincy Jones would say another role.

00:18:04,298 --> 00:18:07,998
My mentor, a friend of mine,
not one ounce of my self esteem

00:18:07,998 --> 00:18:10,565
and self-respect
depends on your acceptance of me.

00:18:11,498 --> 00:18:12,298
we'll say that again.

00:18:12,298 --> 00:18:12,765
I say it again.

00:18:12,765 --> 00:18:14,998
Doesn't like drop go,
go saying say it one more time.

00:18:14,998 --> 00:18:19,065
Not one ounce of my self esteem
or self-respect

00:18:19,832 --> 00:18:21,998
depends on your acceptance of me.

00:18:21,998 --> 00:18:24,432
I would say to argue with the full pros.

00:18:24,432 --> 00:18:28,965
There are two that life is 10%
what life does to you and 90% are you.

00:18:28,965 --> 00:18:31,032
Choose to respond to it.

00:18:31,032 --> 00:18:35,298
That success is going from failure
to failure without loss of enthusiasm.

00:18:35,832 --> 00:18:38,832
that if I don't like me,
I'm not going to like you.

00:18:38,932 --> 00:18:41,932
If I don't feel good about me,
I'm not going to feel good about you.

00:18:42,098 --> 00:18:44,965
If I don't respect me,
don't expect me to respect you

00:18:44,965 --> 00:18:47,865
if I don't love me,
I don't have a clue how to love you.

00:18:47,865 --> 00:18:48,998
And the big one is,

00:18:48,998 --> 00:18:53,132
if I don't have a purpose in my life,
I'm going to make your life a living hell.

00:18:53,498 --> 00:18:56,865
Whatever goes around, come around,

00:18:57,465 --> 00:18:59,932
hurt people, hurt people.

00:18:59,932 --> 00:19:04,798
So most of us are surviving mindset
because we are depressed

00:19:05,365 --> 00:19:08,498
and we're depressed because of the way
this world has treated us,

00:19:08,732 --> 00:19:10,765
because we don't have a daddy at home.

00:19:10,765 --> 00:19:11,598
So we didn't have.

00:19:11,598 --> 00:19:17,398
So without a daddy at home, a young man
has a natural propensity to go cut up.

00:19:17,765 --> 00:19:20,765
There's going to they're going
to be oversexualized and overly violent.

00:19:20,798 --> 00:19:21,998
That's not

00:19:21,998 --> 00:19:23,998
that's just natural that they just
they need

00:19:23,998 --> 00:19:27,132
this is what they need to structure
and they need to to be told no,

00:19:27,398 --> 00:19:30,432
without a daddy at home, they're going
to create havoc wherever they go.

00:19:30,932 --> 00:19:34,898
So, a woman,
a young girl, needs a father figure.

00:19:34,998 --> 00:19:38,532
So if you don't have a daddy at home,
if you don't have a nuclear family,

00:19:38,865 --> 00:19:42,498
if there's one thing, if one person
is working two jobs and they're never home

00:19:42,798 --> 00:19:45,465
just because they have too much a
at the end of their money,

00:19:45,465 --> 00:19:48,232
if you go outside your street
and you try not to get shot

00:19:48,232 --> 00:19:50,532
between your house and the bus stop.

00:19:50,532 --> 00:19:52,332
Right? Yeah, exactly.

00:19:52,332 --> 00:19:52,932
Go on.

00:19:52,932 --> 00:19:56,632
And if you see the police as somebody
who is threatening you, not protecting,

00:19:56,998 --> 00:20:01,398
you see white people or somebody trying
to put you down versus to lift you up.

00:20:01,698 --> 00:20:02,565
then

00:20:02,565 --> 00:20:06,765
then you, you know, and you go all around,
and you have three generations of that.

00:20:07,132 --> 00:20:09,532
Yeah. Long five generations of that.

00:20:09,532 --> 00:20:13,465
it because it's the old southern saying,
no matter how much I love you, my son

00:20:13,465 --> 00:20:17,498
or my daughter, if I don't have wisdom,
I can only give you my own ignorance.

00:20:18,098 --> 00:20:18,332
Yeah.

00:20:18,332 --> 00:20:22,098
So out of love, we pass down bad habits
from generation to generation.

00:20:22,365 --> 00:20:25,498
And now you got some people around you
say, no, you can't do that.

00:20:25,565 --> 00:20:27,098
Why are you going to that school that.

00:20:28,198 --> 00:20:28,898
Why are you talking?

00:20:28,898 --> 00:20:31,032
Why go through this, all that stuff?

00:20:31,032 --> 00:20:33,298
So what does that mean?
We're talking white. It's crazy.

00:20:33,298 --> 00:20:37,432
It's like if you barely speak Japanese,
you're in Mexico.

00:20:37,432 --> 00:20:38,598
In Mexico? Spanish.

00:20:38,598 --> 00:20:40,532
You know, you're in Germany, speak German.

00:20:40,532 --> 00:20:41,798
If you're in America, you speak English.

00:20:41,798 --> 00:20:43,565
What's crazy? It's stupid.
It doesn't make any sense.

00:20:43,565 --> 00:20:44,665
You gotta be bilingual now.

00:20:44,665 --> 00:20:44,998
You gotta go.

00:20:44,998 --> 00:20:46,698
Yeah, yeah, yeah.

00:20:46,698 --> 00:20:49,698
Good. Yeah, yeah. Talk streets and sweets.

00:20:49,898 --> 00:20:51,698
Yeah, but. But you got to be bilingual.

00:20:51,698 --> 00:20:54,932
But if if that is your situation,
then you're an expert now.

00:20:54,932 --> 00:20:56,665
And what you're against.

00:20:56,665 --> 00:20:59,632
Yeah. That's what you're for. Yeah.

00:20:59,632 --> 00:21:02,565
And and so now
you've got a surviving mindset

00:21:02,565 --> 00:21:05,565
and your self-esteem,
your assets on your rear end.

00:21:05,932 --> 00:21:07,698
I can't say what
I really want to say, but.

00:21:08,698 --> 00:21:09,832
And so you

00:21:09,832 --> 00:21:12,565
now you you you can
all you want to do is live for the moment.

00:21:12,565 --> 00:21:15,898
I want to get this money, get this paper,
get this dollar, get this bag.

00:21:16,098 --> 00:21:18,798
You hear this? In our neighborhood
all the time. We'll get this money.

00:21:18,798 --> 00:21:21,232
Money is extraordinarily overrated.

00:21:21,232 --> 00:21:23,665
You make money during the day,
you build wealth in your sleep.

00:21:23,665 --> 00:21:24,765
So if you're depressed.

00:21:24,765 --> 00:21:26,198
What do you make money during the day?

00:21:26,198 --> 00:21:27,932
You build wealth in your sleep.

00:21:27,932 --> 00:21:28,632
Yes, sir.

00:21:28,632 --> 00:21:30,398
Hope stocks buy.

00:21:30,398 --> 00:21:33,398
Yes. Businesses. Homeownership.

00:21:33,565 --> 00:21:38,832
education, things
that compound that build on themselves.

00:21:39,165 --> 00:21:43,498
and so 96% of our businesses,
black businesses don't have an employee.

00:21:43,665 --> 00:21:46,232
An employee
is as a function of compounding.

00:21:46,232 --> 00:21:47,998
So you're going to be in your daily
hustle.

00:21:47,998 --> 00:21:50,065
You're
basically a self-employment project,

00:21:50,065 --> 00:21:52,032
if you don't have employees,
if you don't have books

00:21:52,032 --> 00:21:55,032
and records and infrastructure,
you wake up every day and you're.

00:21:55,032 --> 00:21:58,298
Yeah, you say you run a business,
but in reality, you're just earning

00:21:58,298 --> 00:22:01,765
an income with a self-employment contract.

00:22:01,965 --> 00:22:02,932
But it seems like that

00:22:02,932 --> 00:22:05,932
that's why they call it
making a living versus making a loan.

00:22:06,165 --> 00:22:09,632
As soon as a contract is over,
you're out of business, out of business,

00:22:09,632 --> 00:22:10,898
and you build no wealth.

00:22:10,898 --> 00:22:13,798
You build wealth in your sleep. So, so

00:22:13,798 --> 00:22:17,198
the basic the there's a the good news
about this conversation, Rob.

00:22:17,398 --> 00:22:20,031
There's not a thing
I just said that's complicated.

00:22:20,031 --> 00:22:24,365
And I'll answer your specific question
about how is it that we got the lesson,

00:22:24,365 --> 00:22:25,598
how do we get out of it? Yeah.

00:22:25,598 --> 00:22:30,098
All the precious things I and is I said
this on the Breakfast Club shopping.

00:22:30,398 --> 00:22:33,698
You know when you're depression
you you overindex on coping,

00:22:33,931 --> 00:22:39,031
shopping, drinking, drugging,
sleeping, texting, sex.

00:22:39,631 --> 00:22:40,265
Yeah.

00:22:40,265 --> 00:22:41,165
You're going

00:22:41,165 --> 00:22:45,598
you know more not doing is the one
I enjoy that matters which is healing.

00:22:46,065 --> 00:22:46,331
Yeah.

00:22:46,331 --> 00:22:48,165
In order to heal, you got to deal.

00:22:48,165 --> 00:22:49,765
You got to deal with your mess.

00:22:49,765 --> 00:22:54,331
Which means you have to have self, steam
in order to deal with your mess.

00:22:54,331 --> 00:22:56,231
You must esteem yourself.

00:22:56,231 --> 00:22:58,265
But if you.
But if you're running from yourself,

00:22:59,598 --> 00:23:02,598
if you're if you're if
you're living your life or your Instagram,

00:23:02,798 --> 00:23:06,965
profile or your Facebook profile,
that's who you want the world to say.

00:23:06,965 --> 00:23:10,165
To know you are the word
personality comes from the Latin

00:23:10,165 --> 00:23:13,598
word words persona,
which means literally to perform.

00:23:14,031 --> 00:23:17,031
So our personality is a performance

00:23:17,165 --> 00:23:19,898
we're putting all over the world
against our am g.

00:23:19,898 --> 00:23:21,198
That's a coping mechanism.

00:23:21,198 --> 00:23:25,298
It is so literally, literally
everything you're doing, the code,

00:23:25,598 --> 00:23:29,065
everything is literally you from
from going from

00:23:29,231 --> 00:23:32,231
from surviving to thriving

00:23:32,498 --> 00:23:34,998
and to go from thriving to winning.

00:23:34,998 --> 00:23:37,365
And winners are builders.
That's what you are, Rob.

00:23:37,365 --> 00:23:38,031
You're a builder.

00:23:38,031 --> 00:23:41,331
You get up every day and you hunt,
and when you get up, the devil said,

00:23:41,331 --> 00:23:42,431
oh shit, he's up.

00:23:42,431 --> 00:23:46,265
So, so you've got to change your mindset.

00:23:46,631 --> 00:23:47,365
And that's why

00:23:47,365 --> 00:23:50,498
when you look in you look at you look,
I had a lot of fun on Instagram.

00:23:50,798 --> 00:23:51,031
Yeah.

00:23:51,031 --> 00:23:53,965
Just get folks
who think they're arguing with me now.

00:23:53,965 --> 00:23:57,498
They hitting their face or my,
they're hitting their face on my face.

00:23:57,898 --> 00:24:00,098
I mean, I'm
just a part of a movement of common sense.

00:24:00,098 --> 00:24:02,765
I'm sitting here saying what is basic?
Common sense?

00:24:02,765 --> 00:24:03,365
And they're trying

00:24:03,365 --> 00:24:07,498
to rationalize their behavior
because it's tied to a 40 year life.

00:24:07,498 --> 00:24:09,831
Because it's irrational.
They're tired, they're

00:24:10,831 --> 00:24:11,465
it's not rational.

00:24:11,465 --> 00:24:15,998
No, no, it's worse because
the rationalize, kill, rationalize.

00:24:16,131 --> 00:24:16,598
Yeah.

00:24:16,598 --> 00:24:20,965
This is the this is somebody right
doing this for 30 or 40 years.

00:24:21,931 --> 00:24:22,598
Yeah.

00:24:22,598 --> 00:24:24,698
I mean these coping mechanisms.

00:24:24,698 --> 00:24:24,998
And here's

00:24:24,998 --> 00:24:28,765
this guy John Ryan coming and saying now
he had to knock all that stuff out there

00:24:28,765 --> 00:24:31,765
like, no, I don't need to knock that all
I need to knock you all.

00:24:32,998 --> 00:24:35,631
I think I'm well, I want to
I want to make sure

00:24:35,631 --> 00:24:38,465
I get some a couple things,
but I want to talk about diversity.

00:24:38,465 --> 00:24:39,098
And you talk.

00:24:39,098 --> 00:24:41,765
About here, you can do this topic.

00:24:41,765 --> 00:24:44,665
I know we don't have time today,
but this topic here, Charlamagne,

00:24:44,665 --> 00:24:47,665
is very, you know, both very passionate
about mental health.

00:24:47,698 --> 00:24:50,198
This topic here could be three segments.

00:24:50,198 --> 00:24:51,598
Just mental health.

00:24:51,598 --> 00:24:54,698
We have got
we have got to deal with this.

00:24:54,998 --> 00:24:56,798
It is the key to everything.

00:24:56,798 --> 00:24:59,731
And there's too many of us
who are not acknowledging

00:24:59,731 --> 00:25:01,298
that we have mental health issues.

00:25:01,298 --> 00:25:04,565
If you black in America and don't think
you're crazy, you're a little crazy.

00:25:06,165 --> 00:25:07,965
I think everybody
is a little crazy in America too.

00:25:07,965 --> 00:25:11,231
But because we go through a lot
and I think it's, you know, the route

00:25:11,231 --> 00:25:16,398
of mental health from my definition is,
avoiding reality and avoiding the pain.

00:25:16,765 --> 00:25:19,765
And so, like we, as you say, black
America has been through a lot of pain.

00:25:19,765 --> 00:25:22,998
So the goal is to
if you are trying to avoid it,

00:25:24,398 --> 00:25:25,565
you don't deal with it.

00:25:25,565 --> 00:25:27,931
And then you're dealing in things
that aren't reality.

00:25:27,931 --> 00:25:30,998
And then that is the roots
of mental illness from my perspective.

00:25:31,465 --> 00:25:36,698
That's why you got 1.8, 1.78, $1.8
trillion trillion of black consumer

00:25:36,698 --> 00:25:40,631
spending and 91% of it is consumption,

00:25:41,398 --> 00:25:44,331
91% is consumption.

00:25:44,331 --> 00:25:46,931
We're not building wealth 41% of us
owning a home.

00:25:46,931 --> 00:25:48,231
No, we want to rent.

00:25:48,231 --> 00:25:52,198
And a place is uptown versus downtown,
a place we can't afford with money.

00:25:52,198 --> 00:25:54,865
We don't have to impress people
we don't know.

00:25:54,865 --> 00:25:56,231
You're talking about stuff
that don't matter.

00:25:56,231 --> 00:25:57,931
People don't want you just.

00:25:59,565 --> 00:26:00,965
We're just taking your rear.

00:26:00,965 --> 00:26:02,165
Really? Into the hood.

00:26:02,165 --> 00:26:06,631
Da hyphen hoodie doesn't look like
the worst house on the best block

00:26:07,131 --> 00:26:10,465
by rehab it and living build equity.

00:26:11,165 --> 00:26:13,598
When you get enough equity 3 to 5 years,

00:26:13,598 --> 00:26:17,098
use the equity line of credit
and buy a second home in the hood.

00:26:17,565 --> 00:26:20,031
Near near transportation, near jobs.

00:26:20,031 --> 00:26:21,831
Every inner city is near

00:26:21,831 --> 00:26:24,898
essentially located real estate
in inner city in France called Paris.

00:26:25,298 --> 00:26:28,331
Buy rehab and rent and rehab.

00:26:28,331 --> 00:26:29,031
Be conscious.

00:26:29,031 --> 00:26:32,498
Rehab it when people who actually live
in your neighborhood plumbers, heaters,

00:26:33,098 --> 00:26:37,165
landscaping, techs, roofing, lighting
hire people in your hood,

00:26:37,165 --> 00:26:38,198
not your cousin Pookie.

00:26:38,198 --> 00:26:41,465
Them who don't have a talent, hire
somebody who has a skill.

00:26:41,498 --> 00:26:45,331
It looks like you put them to work,
give them a contract and recycle

00:26:45,331 --> 00:26:45,898
those dollars.

00:26:45,898 --> 00:26:49,031
And you do that three times
and you'll have $1 million

00:26:49,165 --> 00:26:52,865
net worth in five years
with a high school education.

00:26:53,198 --> 00:26:54,931
So there you go. Right there.

00:26:54,931 --> 00:26:58,598
Because you have low self-esteem,
you're you're going to the mall

00:26:58,598 --> 00:27:01,265
when you really need to be going
to the real estate listings, right?

00:27:01,265 --> 00:27:03,331
Yeah. Because you got low self esteem.

00:27:03,331 --> 00:27:06,765
You go into the club,
you look at that, pay $5 a bottle service,

00:27:07,298 --> 00:27:11,431
for some lady who, you know,
you really in the daytime and sober,

00:27:11,431 --> 00:27:13,498
you wouldn't
spend a lot of time with our guy.

00:27:13,498 --> 00:27:14,298
It is reverse.

00:27:14,298 --> 00:27:17,265
And what you really need to be asking
that lady is not what's, you know,

00:27:17,265 --> 00:27:18,398
what's her waist size.

00:27:18,398 --> 00:27:20,098
You need to ask her
what's her credit score.

00:27:20,098 --> 00:27:22,931
But because we. What's your credit score?

00:27:22,931 --> 00:27:25,298
What are your values of the money
your family hits?

00:27:25,298 --> 00:27:28,298
Your what's your and what's your
and what's and what's your vision.

00:27:28,298 --> 00:27:28,531
Yeah.

00:27:28,531 --> 00:27:29,865
What's your passion for your life

00:27:29,865 --> 00:27:33,265
because you're potentially
picking your life partner at a club.

00:27:33,798 --> 00:27:35,398
Yeah. Right.

00:27:35,398 --> 00:27:37,065
Yeah. Probably not a good strategy.

00:27:37,065 --> 00:27:37,765
And you're drunk.

00:27:40,531 --> 00:27:43,098
So it it's you got a lot of weight here.

00:27:43,098 --> 00:27:45,931
I think I want to talk about,
since we just,

00:27:45,931 --> 00:27:48,364
we kind of did this deep dive,
but I certainly want to get on diversity,

00:27:48,364 --> 00:27:50,631
at least towards
the end of the, conversation.

00:27:50,631 --> 00:27:54,464
But since we talked about this before,
it's focusing a lot on mental health.

00:27:54,464 --> 00:27:57,698
We talk about mental clarity, essentially,
and getting mental

00:27:57,698 --> 00:27:59,364
clarity in mental health.

00:27:59,364 --> 00:28:03,131
I think one of the challenges you and I
before the broadcast talked about,

00:28:03,564 --> 00:28:06,264
I and not only how it's changed
the economy, but,

00:28:06,264 --> 00:28:09,498
you know, I I'm sure you know,
this is not new algorithms are not new.

00:28:10,331 --> 00:28:12,964
Algorithms are actually being used,

00:28:12,964 --> 00:28:16,131
to really, actually further drive people
into more of their madness

00:28:16,131 --> 00:28:18,031
from the reality at the ballot box

00:28:18,031 --> 00:28:20,664
that you talked about,
to the, to the worst habits

00:28:20,664 --> 00:28:23,031
you just talked about with
the black community. I mean,

00:28:24,564 --> 00:28:27,298
I'm just see, like, how do you get
how do you how do you start

00:28:27,298 --> 00:28:31,198
when you go out, when you have this device
that's been in front of us so long?

00:28:31,198 --> 00:28:33,231
That actually is an addictive advice.

00:28:33,231 --> 00:28:34,631
device.

00:28:34,631 --> 00:28:36,998
Where does one start
to get mental clarity?

00:28:36,998 --> 00:28:38,331
If you had to say

00:28:38,331 --> 00:28:41,898
one thing that they can do
to make the biggest difference

00:28:41,898 --> 00:28:43,931
in their life,
we can talk about self esteem.

00:28:43,931 --> 00:28:45,998
And you and I have been blessed
to at least

00:28:45,998 --> 00:28:49,498
have some examples and models
poured into us, for maybe those who don't.

00:28:50,064 --> 00:28:51,098
Where should they start?

00:28:51,098 --> 00:28:54,631
What's the one place they can start
to get the most mental clarity.

00:28:55,031 --> 00:28:57,331
In a book?

00:28:57,331 --> 00:28:58,031
there you go.

00:28:58,031 --> 00:29:01,031
Keep in mind that there was a law,

00:29:01,898 --> 00:29:03,864
the most important law passed

00:29:04,898 --> 00:29:07,264
by people who were trying to oppress you

00:29:07,264 --> 00:29:10,264
for economic purposes
because it was all about money.

00:29:11,898 --> 00:29:14,898
Was thou shalt not educate?

00:29:16,531 --> 00:29:18,764
it was against the law

00:29:18,764 --> 00:29:21,931
to educate a black person

00:29:22,464 --> 00:29:25,631
against the law for you to learn.

00:29:26,498 --> 00:29:29,264
That should tell you everything

00:29:29,264 --> 00:29:32,264
about the power of education.

00:29:32,298 --> 00:29:32,598
You know,

00:29:32,598 --> 00:29:36,498
God gave you two ears and one mouth,
so you listen twice as much as you talk.

00:29:36,998 --> 00:29:39,231
One of my five pillars of success

00:29:39,231 --> 00:29:42,231
is as much education
as you can shove down your throat.

00:29:43,164 --> 00:29:44,798
Second pillar

00:29:44,798 --> 00:29:47,831
understand financial literacy,
the math of the matter,

00:29:48,298 --> 00:29:51,731
how education, is applied

00:29:52,198 --> 00:29:56,231
to aspiration, market
economies, financial literacy.

00:29:56,231 --> 00:29:58,331
My book Financial Literacy
for all as an example.

00:29:58,331 --> 00:30:02,431
What operational does number
three family structure and resiliency.

00:30:02,431 --> 00:30:05,531
There was no they sold off the children

00:30:06,398 --> 00:30:09,431
and they abused the wife
until you stopped fighting

00:30:09,431 --> 00:30:12,431
to try to protect her
because you couldn't do anything about it.

00:30:12,931 --> 00:30:14,131
They broke the family up.

00:30:14,131 --> 00:30:14,831
So there you go.

00:30:14,831 --> 00:30:17,564
Family structure,
self-esteem and confidence.

00:30:17,564 --> 00:30:18,898
What does this do to your self-esteem?

00:30:18,898 --> 00:30:23,298
It ruined your self esteem
because you could not protect your family.

00:30:23,298 --> 00:30:24,598
What are black men doing now?

00:30:24,598 --> 00:30:27,764
Not showing up at home
because they don't feel

00:30:27,764 --> 00:30:30,764
they can protect
and take care of their family?

00:30:31,031 --> 00:30:32,798
Self esteem and confidence.

00:30:32,798 --> 00:30:33,964
What does confidence come from?

00:30:33,964 --> 00:30:37,798
Confidence comes from competence
employed in the market economy.

655
00:30:38,198 --> 00:30:40,798
So black people in America
have the highest confidence

00:30:40,798 --> 00:30:43,798
because we're in the biggest economy
in the world, like you, we're killing it.

00:30:44,064 --> 00:30:45,998
But we have low self esteem.

00:30:45,998 --> 00:30:50,464
Africans and Afro-Caribbeans
have high self esteem and low confidence.

00:30:50,798 --> 00:30:53,231
They because they've got family structure
itself.

00:30:53,231 --> 00:30:55,331
You know,
we see the doctors, lawyers, robbers,

00:30:55,331 --> 00:30:57,064
mayors, everybody looks like them.

00:30:57,064 --> 00:30:59,931
But they have never succeeded
in a leading market economy.

00:30:59,931 --> 00:31:01,631
And then the role models the environment.

00:31:01,631 --> 00:31:02,931
You model what you see,

00:31:02,931 --> 00:31:06,598
why the kids want to be rap stars
and athletes, God forbid drug dealers

00:31:06,598 --> 00:31:08,131
because when they grew up
in that neighborhood,

00:31:08,131 --> 00:31:09,764
those were the role models they saw.

00:31:09,764 --> 00:31:14,464
So read a book starts with my
I've made it very simple.

00:31:14,764 --> 00:31:17,431
I've taken Wall Street
and brought down the main street.

00:31:17,431 --> 00:31:18,098
Unpack it.

00:31:18,098 --> 00:31:21,931
I want to see the book written,
underline, highlighted, dog eared.

00:31:22,131 --> 00:31:24,131
Have a conversation once a week.

00:31:24,131 --> 00:31:26,198
Y'all don't have dinner with each other
anymore.

00:31:26,198 --> 00:31:28,798
Use the book as an excuse
to have a family meeting.

00:31:28,798 --> 00:31:31,364
Buy some dinner,
put it on the kitchen table.

00:31:31,364 --> 00:31:33,831
And by the way, don't eat soul food
every day.

00:31:33,831 --> 00:31:35,498
On day three, they.

00:31:35,498 --> 00:31:36,831
That was a slave diet.

00:31:36,831 --> 00:31:38,564
They threw the money out,
but they threw the

00:31:38,564 --> 00:31:42,164
the scraps out the back door
as a sign of disrespect.

00:31:42,498 --> 00:31:45,698
Now, brilliantly,
we took it and we said, we'll show you.

00:31:45,964 --> 00:31:49,198
And we put salt on it so that the food,
the meat wouldn't go bad.

00:31:49,231 --> 00:31:50,331
We put salt on it.

00:31:50,331 --> 00:31:55,164
And then we made grits, hog mauls,
pig feet, fried chicken.

00:31:55,331 --> 00:31:55,898
We did.

00:31:55,898 --> 00:31:58,298
We did all that whole cake.
We did all that stuff.

00:31:58,298 --> 00:32:00,731
But these are
the worst parts of the animal.

00:32:00,731 --> 00:32:02,164
And it wasn't it.

00:32:02,164 --> 00:32:04,931
Yeah, great. We made it a soul food,
but it's going to bloat you.

00:32:04,931 --> 00:32:06,364
It's going to inflame you.

00:32:06,364 --> 00:32:10,398
You're dying of hypertension and diabetes
and low and high blood pressure.

00:32:10,564 --> 00:32:12,631
Because we're eating this up
three times a day.

00:32:12,631 --> 00:32:14,664
Eat some fruits, vegetables and some fish,

00:32:14,664 --> 00:32:18,398
and eat some food
once or twice a month as a treat.

00:32:18,398 --> 00:32:20,231
Now back to to the question.

00:32:20,231 --> 00:32:21,698
We got to get your life straight.

00:32:21,698 --> 00:32:23,064
You gotta get
you back on the right course.

00:32:23,064 --> 00:32:26,064
You need the financial literacy course
and you need a computer course.

00:32:26,131 --> 00:32:28,231
Now, you
you really need a computer course.

00:32:28,231 --> 00:32:29,598
But that's where it starts.

00:32:29,598 --> 00:32:33,098
Because that job that people are somebody
some people are watching this, listening

00:32:33,098 --> 00:32:34,298
to this, that job

00:32:34,298 --> 00:32:38,698
that you have or puking your cousin poking
JoJo's got at the convenience store.

00:32:38,698 --> 00:32:41,298
It's gone at the fast food store.

00:32:41,298 --> 00:32:43,264
It's gone at the grocery store.

00:32:43,264 --> 00:32:44,498
It's almost gone.

00:32:44,498 --> 00:32:47,498
And as you said,
it's happening right in front of you.

00:32:47,531 --> 00:32:48,564
Go to the grocery store.

00:32:48,564 --> 00:32:49,364
Don't mind me.

00:32:49,364 --> 00:32:51,631
Don't, don't don't take what I'm saying.

00:32:51,631 --> 00:32:53,064
Don't take what I'm saying is gospel.

00:32:53,064 --> 00:32:54,431
Go to the grocery store.

00:32:54,431 --> 00:32:57,431
It used to be ten aisles of people
checking folks out.

00:32:57,764 --> 00:33:01,264
You go there now, and there's three
aisles of folks checking folks out,

00:33:01,498 --> 00:33:06,798
and there's 10 to 12 self-checkout
counters and one employee looking at them.

00:33:07,031 --> 00:33:08,598
And this has happened
right in front of you.

00:33:08,598 --> 00:33:12,264
That is robotics, that is automation,
that is computerization.

00:33:12,598 --> 00:33:15,064
That is a step towards a I.

00:33:15,064 --> 00:33:20,497
Yeah, It is it is analytics, in motion
in your grocery store.

00:33:20,797 --> 00:33:23,397
You go to you
go to a fast food restaurant.

00:33:23,397 --> 00:33:27,397
it used to be eight to 10 to 20 people
working in one fast food restaurant.

00:33:27,764 --> 00:33:30,897
Now you go
there is 5 to 6 people, you go on,

00:33:30,897 --> 00:33:33,897
you hit a screen to put in your order
because people are tired

00:33:33,897 --> 00:33:37,364
of being rude to the counter
and they're tired of being rude.

00:33:37,731 --> 00:33:38,797
And so you go to the mall,

00:33:38,797 --> 00:33:42,264
you go to the mall,
go to the go to the go to the airport.

00:33:42,531 --> 00:33:44,431
I mean, it's right.
It's happening. Yeah, right.

00:33:45,631 --> 00:33:46,431
You're right about that.

00:33:46,431 --> 00:33:46,731
It's not.

00:33:46,731 --> 00:33:49,597
But it's
this is the first technology like in

00:33:49,597 --> 00:33:53,431
it's also a general purpose technology
in that it's the first technology

00:33:53,431 --> 00:33:56,464
that I think is actually going
to affect people in finance too.

00:33:56,464 --> 00:33:58,731
It's going to affect actors
and other people.

00:33:58,731 --> 00:34:00,797
You can see, you're in Atlanta.

00:34:00,797 --> 00:34:04,864
I believe Tyler Perry, was building
the $800 million studio.

00:34:04,864 --> 00:34:07,597
And he saw, I said,
I got to shut this down.

00:34:07,597 --> 00:34:11,164
And so we figure out where we go next
because this

00:34:11,164 --> 00:34:14,164
this makes it
so I don't have to do much of this.

00:34:14,231 --> 00:34:16,664
I don't have to do as much as I had to do
even close.

00:34:16,664 --> 00:34:19,097
So I do think there has to be something.

00:34:19,097 --> 00:34:22,097
and I was playing your book today.

00:34:22,764 --> 00:34:25,064
my my adopted son,
who's my cousin, took a while.

00:34:25,064 --> 00:34:27,764
I was driving him. I was
we were listening to the book.

00:34:27,764 --> 00:34:29,397
I made him listen to sit down.

00:34:29,397 --> 00:34:31,331
And he told me, well,
I can like I look stuff up.

00:34:31,331 --> 00:34:32,897
I said, well,
you can't look up how to think.

00:34:33,864 --> 00:34:35,564
All right.

00:34:35,564 --> 00:34:38,797
So we're back to words.

00:34:39,397 --> 00:34:43,097
Like, so you got to know this because
yeah, you can do artificial intelligence.

00:34:43,097 --> 00:34:46,731
But artificial intelligence is neither
artificial nor intelligent okay.

00:34:46,831 --> 00:34:48,531
So it's coming from data.

00:34:48,531 --> 00:34:51,997
So to your point, I use AI all the time,

00:34:51,997 --> 00:34:54,997
I use OpenAI,
I have my friend Sam Altman, who created,

00:34:55,297 --> 00:34:58,797
we're co-chairs of of the
AI Ethics Council together, as you know.

00:34:59,131 --> 00:35:02,564
but I know what I'm looking up,

00:35:02,797 --> 00:35:05,764
and I, and I, and I have a gut of
what is what is right.

00:35:05,764 --> 00:35:10,331
So I know what to ask AI and I'm really
saying, can you confirm, do me a favor.

00:35:10,331 --> 00:35:11,231
I can research this.

00:35:11,231 --> 00:35:13,697
I, I can research
just for a week or a weekend

00:35:13,697 --> 00:35:16,797
and come to the conclusion or what
I'm saying is correct by pulling together

00:35:16,797 --> 00:35:20,631
15 pieces of data and then sort of,
you know, micro sizing it.

00:35:20,797 --> 00:35:22,097
But I do me a favor.

00:35:22,097 --> 00:35:25,831
Reach all over the world
to every database accessible.

00:35:26,064 --> 00:35:29,531
And in three seconds I confirm to me

00:35:29,531 --> 00:35:32,564
what I believe already is correct.

00:35:32,697 --> 00:35:37,064
So I can then write it in this article
and know that I'm factually correct.

00:35:37,164 --> 00:35:41,497
So education comes from books
or from data?

00:35:41,497 --> 00:35:44,864
Is your, relative? Say it. But wisdom

00:35:45,964 --> 00:35:47,831
comes from experience.

00:35:47,831 --> 00:35:50,831
And I can sit here and tell you
it's like these all these brothers

00:35:50,964 --> 00:35:52,797
walk around
saying they're financial influencers.

00:35:52,797 --> 00:35:55,597
And, ladies, we're. And I did this.

00:35:55,597 --> 00:35:57,331
I covered the Charlemagne show.

00:35:57,331 --> 00:36:00,964
These people are making hundreds
of thousand dollars a year, sometimes

00:36:00,964 --> 00:36:05,364
millions, telling you how to get rich
by doing seminars about getting rich.

00:36:05,364 --> 00:36:08,597
Now, I'm not hating on this,
but this is like somebody

00:36:08,597 --> 00:36:11,897
saying they're going to do surgery on you
and to cancer surgery.

00:36:11,897 --> 00:36:15,731
And they and they got certified on YouTube
like, this is crazy.

00:36:15,997 --> 00:36:18,264
You got it's something
there are certain careers

00:36:18,264 --> 00:36:22,564
you have to know what you're doing
and money and making money and doing well.

00:36:22,564 --> 00:36:25,297
That's one of those things
you cannot floss and fake.

00:36:25,297 --> 00:36:26,964
You cannot get it from us.

00:36:26,964 --> 00:36:30,331
You cannot get it completely from
books on tape.

00:36:30,497 --> 00:36:33,731
You've got to get the deal with somebody
who's actually done it.

00:36:34,031 --> 00:36:36,931
We don't have time for this,
but there's so many transactions

00:36:36,931 --> 00:36:39,664
and so many things I've done,
including one last week.

00:36:39,664 --> 00:36:40,897
And I want to continue the conversation.

00:36:40,897 --> 00:36:43,297
We'll talk afterwards
because I've definitely got more to say.

00:36:43,297 --> 00:36:44,464
But go ahead.

00:36:44,464 --> 00:36:47,797
Yeah, we I've learned something that
I thought I knew I didn't know it,

00:36:48,364 --> 00:36:52,197
but I learned through this transaction,
through the grinding of free enterprise

00:36:52,197 --> 00:36:54,964
and capitalism,
because capitalism is a gladiator sport,

00:36:54,964 --> 00:36:57,397
and in it you're in the arena
and in the room.

00:36:57,397 --> 00:37:00,197
You don't know what the heck you're doing,
you don't know what's going on.

00:37:00,197 --> 00:37:01,997
You know what's going on
when you get there, and you don't know

00:37:01,997 --> 00:37:05,597
how to behave until you're sitting across
that negotiating table

00:37:05,831 --> 00:37:09,564
and how you're going to react
or respond to that defines everything.

00:37:09,831 --> 00:37:12,831
And so you want to call somebody
who's been to the negotiating table.

00:37:13,197 --> 00:37:14,264
I signed 100.

00:37:14,264 --> 00:37:17,597
I'm sorry,
I signed a $200 million credit facility.

00:37:17,797 --> 00:37:22,297
Me, I'm one of the few African-Americans
alive today

00:37:23,197 --> 00:37:27,664
who signed a $200 million credit facility.

00:37:27,664 --> 00:37:28,997
And it was non-recourse.

00:37:28,997 --> 00:37:31,997
Was Rob,
as you knows, means I don't guarantee it.

00:37:32,531 --> 00:37:36,531
I was I'm part of a $100
million credit facility

00:37:36,531 --> 00:37:40,997
just this past January, company
that I created, you know,

00:37:40,997 --> 00:37:44,764
when I first started, if you had a 50,000,
our loans personally guaranteed.

00:37:44,764 --> 00:37:47,764
Right?
But now I'm doing non-recourse debt.

00:37:47,797 --> 00:37:52,164
You know, you can, you can somebody can't
give you a book and teach seminar

00:37:53,164 --> 00:37:54,397
who hasn't

00:37:54,397 --> 00:37:56,797
built a my payroll

00:37:56,797 --> 00:37:59,297
is a million half dollars every two weeks.

00:37:59,297 --> 00:38:00,697
border employees.

00:38:00,697 --> 00:38:03,697
How am I going to tell you how to run
a balance sheet or income statement?

00:38:03,964 --> 00:38:06,964
And by the way, I applaud that,
because there's a lot of people that

00:38:07,131 --> 00:38:11,497
that make a lot of money at that level,
but have 10 or 20 people working for them.

00:38:11,497 --> 00:38:14,064
That's usually what it is.
They don't really fast the opportunity.

00:38:14,064 --> 00:38:15,964
So that's definitely be applauded.

00:38:15,964 --> 00:38:18,264
I have 400 employees. I ain't no joke.

00:38:18,264 --> 00:38:18,997
No it's not.

00:38:18,997 --> 00:38:21,031
So you're definitely
be applauded for that.

00:38:21,031 --> 00:38:23,697
And we're definitely going to have
another conversation later.

00:38:23,697 --> 00:38:26,397
Let me also just say I want to get
to this point before we conclude.

00:38:26,397 --> 00:38:29,597
And then we'll we'll talk all actually
off the air.

00:38:29,664 --> 00:38:31,831
you talk about diversity, inclusion.

00:38:31,831 --> 00:38:34,831
And I heard you say this line
about diversity, inclusion.

00:38:34,864 --> 00:38:36,897
You say
black people are too emotional about it.

00:38:36,897 --> 00:38:39,797
And some white people are too narrow
minded about it.

00:38:39,797 --> 00:38:41,164
You talk about it as being it

00:38:41,164 --> 00:38:44,797
is critical in terms of, in terms of
just being competitive as a nation.

00:38:45,064 --> 00:38:46,697
Tell me what you meant by that statement

00:38:46,697 --> 00:38:49,964
and how diversity and inclusion
is so important for America.

00:38:50,697 --> 00:38:53,131
Yeah, I know,
let me give you a word on that.

00:38:53,131 --> 00:38:53,464
Go ahead.

00:38:54,464 --> 00:38:55,797
Is a Van Jones quote.

00:38:55,797 --> 00:38:57,897
I'm getting quite proud
because a good friend of mine,

00:38:57,897 --> 00:38:59,730
we're working on this together.

00:38:59,730 --> 00:39:02,730
He says that 99% of black folks

00:39:03,697 --> 00:39:06,697
don't know a thing about I,

00:39:06,730 --> 00:39:09,730
and 99% of white folks

00:39:09,764 --> 00:39:11,830
don't know a thing about AI.

00:39:11,830 --> 00:39:13,397
That's correct. We all live here.

00:39:13,397 --> 00:39:16,597
So it's a starting point,
the first starting point

00:39:16,597 --> 00:39:20,130
where we all start
basically at the same place.

00:39:20,364 --> 00:39:23,530
And whether you're in the hood
or working at a convenience store

00:39:23,530 --> 00:39:25,897
or a fast food restaurant,
your job is at risk.

00:39:25,897 --> 00:39:28,364
Or whether you're an accountant,
as you said earlier,

00:39:28,364 --> 00:39:31,630
or you're a lawyer
or you're in the creative spaces.

00:39:32,097 --> 00:39:34,464
Like I hear that Tyler
Perry story is real.

00:39:34,464 --> 00:39:35,930
It's real.

00:39:35,930 --> 00:39:39,630
you're you're you're,
you know, your job may go away.

00:39:39,964 --> 00:39:42,897
And so you may have to reinvent yourself
and create

00:39:42,897 --> 00:39:45,897
a new employment situation for yourself.

00:39:45,997 --> 00:39:48,997
because we're going to go from the horse
and buggy to the automobile

00:39:49,097 --> 00:39:51,997
once for everything. For everything.

00:39:51,997 --> 00:39:52,830
Not just the horse and buggy.

00:39:52,830 --> 00:39:55,530
That was one that was transportation.
This is everything.

00:39:56,497 --> 00:39:58,597
yeah, but but you know, fairness when you

00:39:58,597 --> 00:40:02,397
if you had a horse and buggy in 1850,
it felt like everything.

00:40:02,497 --> 00:40:04,864
But by 1910,

00:40:04,864 --> 00:40:08,030
the most valuable thing you could use for
a horse was to make it into glue.

00:40:08,330 --> 00:40:10,097
It had gone from everything.

00:40:10,097 --> 00:40:12,697
Purpose, machinery, transportation.

00:40:12,697 --> 00:40:13,097
True.

00:40:13,097 --> 00:40:16,064
Fair enough
to literally not worth anything.

00:40:16,064 --> 00:40:19,297
So you're going to have some human beings
who the society may say

00:40:19,930 --> 00:40:21,830
aren't worth anything.

00:40:21,830 --> 00:40:26,464
I know this is hard for people to hear,
but the with analytics

00:40:26,464 --> 00:40:29,464
may say you don't have any value

00:40:29,564 --> 00:40:32,564
and you're going to have to create
some value by being educated,

00:40:32,797 --> 00:40:37,397
skilled that you that you understand how
the system works and you can lean into it.

00:40:37,530 --> 00:40:39,830
in this new world we're, we're living in.

00:40:39,830 --> 00:40:41,297
Otherwise it's not gonna be love or hate.

00:40:41,297 --> 00:40:43,397
It's going to be radical indifference.

00:40:43,397 --> 00:40:45,864
Folks won't hurt or hate you.

00:40:45,864 --> 00:40:48,297
I feel enough about you to hate you.

00:40:48,297 --> 00:40:51,364
They'll just be indifferent towards you.

00:40:52,430 --> 00:40:53,064
which is worse?

00:40:53,064 --> 00:40:54,630
Another way.

00:40:54,630 --> 00:40:56,564
Which is indifference is worse.

00:40:56,564 --> 00:40:57,397
Is worse.

00:40:57,397 --> 00:41:01,230
So d and I, I, I went and debated

00:41:01,630 --> 00:41:04,330
Bill Ackman who is a billionaire

00:41:04,330 --> 00:41:08,564
who is the leader
and the poster child for anti D.

00:41:08,564 --> 00:41:13,997
And I work he has built
an entire reputation around it.

00:41:13,997 --> 00:41:18,097
He's going public with his company
in my opinion because of his profile

00:41:18,664 --> 00:41:21,997
of it, of him standing in front of it
in attracting conservative

00:41:22,364 --> 00:41:27,164
interest to his platform
and possibly his investors in his company.

00:41:27,164 --> 00:41:29,097
It's just my theory.
I don't know that part.

00:41:29,097 --> 00:41:29,830
What I do know is

00:41:29,830 --> 00:41:33,464
I debated him about two months ago
at the Milken Global Conference.

00:41:33,930 --> 00:41:37,130
It was a private session,
so I can't say what was said.

00:41:37,130 --> 00:41:42,097
I can tell you that after 40 minutes,
he really was looking for the exit door.

00:41:43,497 --> 00:41:45,964
that's how you say he works with somebody
that can debate

00:41:45,964 --> 00:41:49,897
with the with some clarity and truth
and not emotional receipts.

00:41:50,430 --> 00:41:53,597
He had no data, on his side.

00:41:53,930 --> 00:41:56,730
I was stunned by this.

00:41:56,730 --> 00:41:59,730
I came with nothing but data.

00:41:59,964 --> 00:42:02,530
I was not emotional.

00:42:02,530 --> 00:42:05,297
the other side was very emotional.

00:42:05,297 --> 00:42:09,130
Again, I can't get into details,
but let's just say that we had to have

00:42:09,130 --> 00:42:12,697
a change, a conversation 40 minutes
in from the substance

00:42:12,964 --> 00:42:17,864
to other things about this around
why we believe he's been manipulated,

00:42:18,230 --> 00:42:22,964
or on this topic,
and he needs to save himself, from,

00:42:22,964 --> 00:42:27,130
I think, reputation damage
because he's on the wrong path.

00:42:27,130 --> 00:42:32,497
All these folks that are pushing
RTD and I are on the wrong path path.

00:42:32,497 --> 00:42:35,230
But by the way, black
folks are on the wrong path.

00:42:35,230 --> 00:42:39,530
Also, we came at this emotionally
do the right thing.

00:42:39,830 --> 00:42:42,364
This is the hand of God.

00:42:42,364 --> 00:42:44,030
This is, you know, be moral.

00:42:44,030 --> 00:42:45,330
Okay, that's all cool.

00:42:45,330 --> 00:42:47,297
But that's not
that's not where our business is going.

00:42:47,297 --> 00:42:49,530
And society's going to change.

00:42:49,530 --> 00:42:52,897
I mean, we have a chance and Adam
and Eve to put our, our,

00:42:52,897 --> 00:42:54,730
our economy inside of our culture.

00:42:56,164 --> 00:42:58,464
Now, this is God talking.

00:42:58,464 --> 00:43:01,297
And we decided to put our culture

00:43:01,297 --> 00:43:04,397
inside of our economy back
to Adam and Eve.

00:43:04,397 --> 00:43:06,030
What do you think we're going to do now?

00:43:06,030 --> 00:43:09,264
And so these folks are leading
with their economic interests,

00:43:09,264 --> 00:43:13,297
in their personal interests first,
and they're afraid they're fearful.

922
00:43:13,297 --> 00:43:15,197
It's going back to the poor white.

00:43:15,197 --> 00:43:18,030
This is where
poor whites and wealthy whites intersect.

00:43:18,030 --> 00:43:21,030
They are afraid of the future.

00:43:21,130 --> 00:43:24,897
There's too many of us in it
for their taste.

00:43:24,897 --> 00:43:28,297
But they they've forgotten
that God has a sense of humor.

00:43:29,164 --> 00:43:30,664
There are not enough.

00:43:30,664 --> 00:43:32,530
This is not a racial comment
I'm about to make.

00:43:32,530 --> 00:43:33,730
It's just math.

00:43:33,730 --> 00:43:37,897
There are not enough college
educated, successful white men

00:43:38,464 --> 00:43:43,097
to drive GDP gross domestic product
for the next 30 years.

00:43:43,497 --> 00:43:47,864
Our generation will see
the first generation of baby boomers

00:43:48,130 --> 00:43:49,564
over 65 years of age.

00:43:49,564 --> 00:43:51,864
That's a majority in this country.

00:43:51,864 --> 00:43:54,697
Those are wealthy, white
and trying to retire.

00:43:54,697 --> 00:43:56,697
They made their money.
They built their wealth.

00:43:56,697 --> 00:43:58,864
They're exiting the stage.

00:43:58,864 --> 00:44:03,030
You have those coming on the stage
who look like you and me.

00:44:03,030 --> 00:44:06,630
And we're not financially literate,
as we've been saying,

00:44:06,630 --> 00:44:11,930
this entire broadcast, we got hustled down
pat, but we've been and we got surviving

00:44:11,930 --> 00:44:16,397
and it's some some driving down pat,
but we don't have building wealth.

00:44:16,630 --> 00:44:18,764
We don't have that. No one taught us this.

00:44:18,764 --> 00:44:22,564
So what I say is that that
when some black succeed in this new world,

00:44:22,564 --> 00:44:25,697
even the racist wins because the economy

00:44:26,030 --> 00:44:28,963
grows, GDP grows, everybody wins.

00:44:28,963 --> 00:44:31,530
You're going to have a majority
of minorities in ten years.

00:44:31,530 --> 00:44:34,897
Right now you have 40% of this
country is black and brown.

00:44:35,330 --> 00:44:38,330
In 1950, the country was 90% white,

00:44:38,397 --> 00:44:41,730
1950, not 1850.

00:44:42,097 --> 00:44:44,030
And so I can give you more data, but.

00:44:44,030 --> 00:44:45,363
You go right now very quickly.

00:44:45,363 --> 00:44:48,597
It's just so people know I like this one
point in data you always bring up the most

00:44:48,597 --> 00:44:53,463
diverse cities are the most prosperous
to economically prosperous.

00:44:53,463 --> 00:44:54,530
I'm not talking about something.

00:44:54,530 --> 00:44:57,530
I don't want people to listen to this
and start parsing my words.

00:44:57,563 --> 00:45:01,563
Economically prosperous,
successful, profitable.

00:45:01,797 --> 00:45:05,897
The most valuable cities in America
are the most diverse.

00:45:06,163 --> 00:45:06,563
Look at it.

00:45:06,563 --> 00:45:10,630
Atlanta, where I'm at right now, it's the
biggest economy in the traditional South.

00:45:10,897 --> 00:45:13,497
It's nothing to do between
Atlanta and Memphis

00:45:13,497 --> 00:45:14,530
and all these other cities

00:45:14,530 --> 00:45:17,030
other than we made a different business
playing a different bet

00:45:17,030 --> 00:45:20,230
versus arguing over who's gonna go
to a water fountain, white and black.

00:45:20,497 --> 00:45:22,797
We start to argue over
who's gonna get the contract.

00:45:22,797 --> 00:45:23,530
The green.

00:45:23,530 --> 00:45:24,263
Right.

00:45:24,263 --> 00:45:27,397
And, and, and so it's
the only international, the city.

00:45:27,397 --> 00:45:30,163
Thank you. In the South.
Thank you, Andrew Young.

969
00:45:30,163 --> 00:45:33,563
And it is the 10th largest
economy in the US.

00:45:33,563 --> 00:45:36,697
And you can put three states around
and land

00:45:36,697 --> 00:45:41,463
together inside of Atlanta
economically and still have room

00:45:41,463 --> 00:45:44,597
for the two biggest states
in America California in New York, two

00:45:44,597 --> 00:45:48,330
most ethnically diverse,
two most prosperous financially.

00:45:48,463 --> 00:45:52,530
And you can go on or on the biggest,
most profitable companies in America

00:45:52,830 --> 00:45:55,830
by 40% over their peers

00:45:56,197 --> 00:45:59,097
are the most diverse and inclusive.

00:45:59,097 --> 00:46:03,963
The data is unimpeachable and undeniable
that not only does

00:46:03,963 --> 00:46:09,397
diversity work as a business plan,
but demographics say you have no choice

00:46:10,597 --> 00:46:14,363
than than to promote Dei as R&D.

00:46:15,063 --> 00:46:17,697
You have no choice than to promote D

00:46:17,697 --> 00:46:21,263
and D as GDP for the future.

00:46:21,263 --> 00:46:23,830
So it's all here.
The research and development.

00:46:23,830 --> 00:46:26,830
This is the farm club
and the bench strength

00:46:27,030 --> 00:46:30,030
for the playoff games
of the rest of our lives.

00:46:30,197 --> 00:46:32,830
This is like Doctor King saying America.

00:46:32,830 --> 00:46:34,830
He didn't say I'm here to say
black people.

00:46:34,830 --> 00:46:38,063
He said I'm here to redeem the soul
of America

00:46:38,730 --> 00:46:41,730
from the triple evils of war,
racism and poverty.

00:46:42,197 --> 00:46:42,997
I'm not here.

00:46:42,997 --> 00:46:45,197
I'm advocating for black folks
and brown folks

00:46:45,197 --> 00:46:47,497
giving some moral statement about D you I,

00:46:47,497 --> 00:46:51,030
I'm saying that my rich friends in my poor
friends do better.

00:46:51,030 --> 00:46:52,930
If only they stay rich.

00:46:52,930 --> 00:46:53,997
I'm saying you cannot

00:46:53,997 --> 00:46:57,797
have the largest economy in the world
in 20 years, as we are right now,

00:46:57,930 --> 00:47:00,830
in the sole superpower in the world
as it is right now.

00:47:00,830 --> 00:47:03,597
Unless you embrace people
who are black, brown and different

00:47:03,597 --> 00:47:06,997
and teach them how the economy works
and give them a ladder into success,

00:47:06,997 --> 00:47:10,730
whether you like them or not,
this is not even debatable.

00:47:10,730 --> 00:47:15,563
We will be speaking Mandarin in 20 years
unless we get this right,

00:47:15,963 --> 00:47:22,063
because you never had an economic power
that wasn't the the, the superpower.

00:47:22,097 --> 00:47:23,897
Sorry. You never had a superpower.

00:47:23,897 --> 00:47:25,897
It wasn't the economic power.

00:47:25,897 --> 00:47:31,163
At the same time
in the history of the entire world.

00:47:31,230 --> 00:47:34,797
That's
why I say that God has a sense of humor.

00:47:35,130 --> 00:47:39,197
Because with all this crazy politics
going on right now, that's basically

00:47:39,197 --> 00:47:39,730
divide.

00:47:39,730 --> 00:47:43,163
Divide the division,
you know, hate this person, I think.

00:47:43,597 --> 00:47:45,263
Look, none of that works.

00:47:45,263 --> 00:47:48,430
No, it's a it's a way
it's a way to destroy the nation.

00:47:48,430 --> 00:47:52,297
And I think that's part of part
of our biggest challenges is an emotional

1012
00:47:52,297 --> 00:47:53,697
one is is a mental health one.

00:47:53,697 --> 00:47:55,897
And we have to get that and disrupt
that struggle.

00:47:55,897 --> 00:47:58,030
John O'Bryant, it's been a pleasure.

00:47:58,030 --> 00:47:59,863
I definitely want to have you on again.

1016
00:47:59,863 --> 00:48:02,597
Definitely
want to talk more about particularly,

00:48:02,597 --> 00:48:06,463
I because we're doing a lot in that area
here in the Midwest and some of the South.

00:48:06,463 --> 00:48:07,897
So definitely after the stream.

00:48:07,897 --> 00:48:09,997
Let's definitely talk a little bit
before you leave,

00:48:09,997 --> 00:48:13,163
for all those listening to disruption
now, keep disrupting

00:48:13,163 --> 00:48:17,030
and we hope to see you at Midwest
Con 2024, September 4th through the sixth.

00:48:17,297 --> 00:48:20,830
We talk about policy, innovation
and technology for social impact.

00:48:20,830 --> 00:48:22,663
Stuff that I think you would
definitely connect with.

00:48:22,663 --> 00:48:25,030
John,
thank you so much for coming on the show.

00:48:25,030 --> 00:48:25,697
Hold on.

00:48:25,697 --> 00:48:28,630
you know, right after this,
after we end the stream.

00:48:28,630 --> 00:48:30,230
Thanks so much.
Everybody. Keep disrupting.