The 85 South Show with Karlous Miller, DC Young Fly and Chico Bean - Capitalism for All with John Hope Bryant, DC Young Fly, and Karlous Miller | 85 SOUTH SHOW

Episode Date: June 19, 2026

THE 85 SOUTH SHOW IS A COMEDY PODCAST HOSTED BY KARLOUS MILLER, AND DC YOUNG FLY. ON THIS WEEKS EPISODE THE DUO SITS WITH FINANCIAL EXPERT JOHN HOPE BRYANT & TALK ABOUT PROPER NEGOTIATION, MIDDLE CLASS AMERICANS, ATLANTA INVESTMENTS, WOMEN'S RIGHTS, BUILDING CREDIT, INVESTING IN ASSETS, HOW TO GROW TO THE NEXT LEVEL, AND THE RELEASE OF HIS NEW BOOK " CAPITALISM FOR ALL" Subscribe To Our Streaming Service Channel 85 https://bit.ly/SubscribeToChannel85 Shop Our Merch! https://bit.ly/85Jetlife2024 Unlock exclusive 85 South content by subscribing to Channel 85 & get 20% off 6 months with code 85PERCENTER - https://bit.ly/85PERCENTER Get the latest 85 South Gear from Eighty Five Apparel Co - https://bit.ly/85Merch Support the 85 South  CHAPTERS: 0:00 INTRO 19:27 THE NEGOTIATION TABLE 24:45 THE MIDDLE CLASS 30:27 THE RECONSTRUCTION 39:24 ATLANTA INVESTMENTS 54:07 CREDIT SCORES 01:05:10 WOMEN'S RIGHTS IN AMERICA 01:10:32 WEALTH TRANSFER 01:16:27 HOW TO GROW TO THE NEXT LEVEL 01:34:18 INVESTING IN ASSETS 02:17:52 "CAPITALISM FOR ALL" BOOKSee omnystudio.com/listener for privacy information.

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Hey, Niall. It was the same thing with Slow Hands. Slow Hands is not about anything else, really, is it? You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done. You too, Joe. Drop what you're doing and listen to Hey, Hey Jonas on the IHeartRadio app, Apple Podcasts, or wherever you listen to your podcasts.

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Is everyone lying to me about who they are? I felt such desperation. I felt it was what I had to do. Listen to deep cover the family man. on the iHeart radio app, Apple Podcasts, or wherever you get your podcasts. Okay, thank you. Now, hold on, man, I got to get to that.

Let me see them by the way. So those are handmade in Japan. Oh, the boy went overseas. Got them. All these are my name? Mm-hmm. How you just ain't say that, any? All bar main aren't the same.

I know who by mine is. Yeah. Okay. Get what? These ain't nothing but the blue verse. And he's a-ha-ha-ha-ha-ha. Four dollar guys in the blue version. I had those for four years.

Oh yeah, they're good. They're handmade. I mean, it costs, you know, 800 bucks or whatever. They feel green on my face. You know, nothing worse. You put some glass on your face and your nose out of ear, your nose are hurting, your ears are hurting, your ears are hurting, your head's ringing. I'm just saying that if you buy it right, you buy it once. Unless it don't matter.

Yeah, it don't matter. So the glasses don't matter. He'll just take those shit off and leave. I'm like, bro, you left him glasses. I know. My white has 10 pair readers for that same exact reason. Shabai, because it doesn't matter to it. No, don't get me wrong.

I am a cardiade collector. Shall I pop it? I will pop, just once. I got about 15 different cardiades from different places around the world. But as you wear them, three, four usage, they loosen up. So in my head, it don't matter

the number that you spent, I just spent $1,400 on some shades that's uncomfortable. I spent $20 on some shade and I'm still getting the same pussy that I was getting. With the other shade. With the other shade, I just wanted the experience.

The experience didn't get me what I want. What's your restaurant? I'm just in the club, so the niggins say I ain't in the club. My next question. I'm in the club. Why would you be a collector of some shit that you know that ain't going last?

It's not that. When I was young and I was doing it, I was young, bro. I'm like 25. You know what a nigga, I ain't never had shit. 25 years, I ain't never had shit. I got six of them, Cardiade, boy,

I always want the Cardiade. The Carlis, I bought back in the day, they were $30. I know they were in the fish. Those are you guys with Jack. Young Cardo. They were low Wayne glad. So now that I'm in the club,

I'm like, ooh, I got Cardiard, but I'm like, you bamb. That's what, niggas. You buy them. You buy them. And you know, that they has hell, but you know the type of lifestyle you live

and they're not conducive. They're gonna get loose and-so-shin'-all-out. I'm not buying them to wear them at this point. I was buying them to say, ooh, you can't grab these because they only made these in Puerto Rico. Ooh, I got these motherfucker because they was over there and got them. You don't wet up.

I don't wear these, because I know another motherfucker ain't got them. I want to have them. That mindset is fucked up. So when the niggins says you said, I'm like, bitch, I know you ain't went to Belize and get these. These are fucked up That's why they was on there arguing about the AP And the SWAT collection

It ain't that you give a fuck about an AP You just isn't one other niggins that shit It ain't that, bro When you ain't have it and then you start getting it And then you realize what it takes to get it You like, damn When I didn't have it, you ain't reach me You ain't make sure I had an AP

I waited till I got real AP game So? Now you're like You know what? But see, it's not about that AP's gonna make a kill it And plus they just dropped the little pocket watch Mourfucking actually thought they were gonna get a bus down

Collaboration Brer them are made a pocket watch That hang off your belt look And all them niggins like y'all did all that arguing for what AP and Z shop and do nothing but collaborate Man they made a pocket watch Not a wrist watch Man they got a $300 api

They put all these fake ad pictures out Different colorways and everything They ain't never even said that The internet's a goddamn pipeway. It's a market. It's a market. We're going to fake like we're going to put something out there for him to buy, get them to come in the store and buy something else. They're going to do it every time.

They're going to do it every time. Consumers is crazy. It's about the money, man. I can trick you in and buying some shit. Hey, where them $300 ones are? They're like, no, they ain't in here, but we got them 900 a month. I'm like, oh, okay. Oh, we sold out of them.

You sold out of them. Uh-oh. Oh, good. They ain't bad order. Because you know how niggas is. They don't want to come out of the store without. Nothing. I got to look like I'm doing what I'm doing.

The nigga that's smit there, anything that just it looked like you do. Don't nobody give a fuck by none of what's in your bag. Nobody cares. Nobody cares. Nobody care. Nobody care. I was looking through my glass last night. I got some metal glasses.

The one that record. Right. I ain't recorded a shit on that. But I recorded. You have an official start for your interviews or you just... We're going to have an official start. You just flow. We're going to start out with the glass.

And then get the voices warmed up and then. Mm-hmm. Yeah. See, we start out with the glass. That's how we pop it off. Just to show people that we still humble. We're talking about capitalism. Mm-hmm.

There we go. We are humble. We don't want them to be expected too much. Mm-mm. We'll pop air blue moon, but we're humble. Oh, guys. Welcome back to the 85. Yep.

The hot sauce packets we don't use, we put them in the refrigerator. Yeah, we'll have an official start here in a minute. It's better to underestimate and overperform than overestimate and underperform. Come on, no. Say that again one time? It's better than underestimate and overperform. Right. Then overestimate and underperform.

For sure, for sure. That's what you said. Lower expectation. Yeah. Then people don't know what's coming. And then you slam them. Slam them to hit. You hit them with the surprise.

Yeah, yeah. It's a beautiful thing. They didn't think we was going to make it this far. They had already underestimated us way from the beginning. Yeah. And then they see us do great things, and they'd be like, man, we're so proud of y'all. I'm like, proud of what? Right.

We even did what we're really about to do yet? I'll tell you. Man, congratulations on all your success. Look, what success? They're just happy air. We still together. I can't believe y'all can sit right there and just be friends. Ten years?

That's a long time. Ain't nobody got shot. God damn. Y'all boys, on the song. I'm doing some good shit. Keep doing what you're doing. And in my mind, I'd be like, what gave you the inclination that I wasn't? Right.

What made you feel like I was about to stop doing? What the fuck I'm supposed to be doing? This ain't even it. This is at the beginning. Wait till they give me the money. The very fact that you guys are in the same building with the same crew, with cameras you own, with a building that don't have a red notice on the door. somebody need to go get fired but keep on

I mean with lights that are on I mean this is success here in and of itself I don't know many brothers who have their own platform their own, effectively your own students oh man Jay don't don't do you gonna blow eye cover

don't do that man don't tell them the thoughts they thought we were rude They said we're running this shit White man don't come Don't show you the holder man don't do that Don't do that white man out of a crack house. In the worst part, we still in the case.

We still in the case. Now, that means a lot, though. We sat down and we talked about it. We've got all this money. There ain't nothing you can walk up and touch, though. Ain't nobody got no building. We didn't support it. All these underground rappers and said that they was the seed.

We should have been able to go take a picture by the wall like you can in Motown. Right. I don't know what no museum. Not saying they don't have. one but we need to see that we need to see how people owning some shit yeah especially in the city like Atlanta I'm gonna pull up and support whatever they got going on yeah Banking S seafood or Keener Mike the hookah lounge or you know all the places that they say got the grass on the wall that's all I want to go to yeah I went in TP

studio I just walked around they thought I was up there I want to be here beautiful out here I like the grass I'm going to the back where they don't know nobody go yeah I'm going on all I'm seeing all this shit see the He got a little pawn over them. He got an army base in the... It's really, he kept the building. Got some ducks. Same lights.

It's orange is hailing now. You seen the ducks? No, I didn't see the ducks. You got some ducks over there. Really living. Am, I could have fucked with the duck. I don't know that name? You said, T.P.

I said, oh, T. He didn't know him like that. He didn't know him like that. Oh, you didn't know what the fuck I'm talking about? I ain't know who they're talking about. Man, you need to get the fuck out of the hell. What the hell you thought I was saying? What the hell are you?

I don't know who they had TP is. You got to know the names out here, man. You didn't have no guess, you didn't guess T. Pan or nothing. I ain't guessing, man, one, no motherfucker. Tide Pye. Niggins thought I was. Tide Pee. And talking about owner something.

I mean, that could be our, that could be the black version of Disneyland or, or, what's that in, in Los Angeles? In, there's a studio, universal. It could be the black version of Universal Studio. For sure. They should be tours. There should be, you know, family tours. I mean, it is, he's got a, he's got.

a huge piece of real estate there, and he's a friend, and he's done an incredible job, and history has not given him the respect that he deserves. I mean, he's right here in Atlanta, nobody talks about it. It is, it is unbelievable. For sure, he definitely doing this thing. Definitely need to be like a tour, some tour shit going around. And you guys are doing your thing. So they need to bring that tour, I don't down here, too.

You got to do your own tour. The Hood Tour. For sure. Now, we want to brand. The Hood, I already know. I think about the time we get to the- The Hood Inc. The second studio.

When we get our second studio, that's when we really get. We'll get our own exit and all that, too. It's the starter one. Then we get to the big one. Yeah. Then we'll really get it. They already got 85 South. You feel me?

Got this real interstate. Absolutely. But they need to have like 85 South exit with like 85 South studio. I don't think, I don't want to be that flavored though. You don't want to be out of that? No. I want you to have to be with some. somebody who nowhere said,

I'm like, yeah, it's right over there. I don't want to do. Oh, okay, yeah. You don't want no side. Okay. Yeah. Yeah, you got to be invited. Yeah.

Invitation only. Happy Pride Month, Toronto. Pride is an opportunity for you to create your own space, to celebrate your existence. Iheart Radio is proud to be an official sponsor of Pride Toronto Festival, and we won't stop. Celebrate Pride. Turn up the love and listen to IHeart Pride Canada.

Your 24-7 radio stream and the TV. only playlist you need for your Toronto Pride celebrations. Pride is so great because it gives a whole bunch of people this visibility that they've never had before. We have a ton to celebrate Toronto. Happy Pride. I heart radio. Hey, I'm Hoda Kotby, host of the podcast, Joy 101 with Hoda Kotby. Together, we're going to have meaningful conversations with the world's most fascinating people, like when actress Olivia Munn shared how she overcame fierce health challenges. I've gone through breast cancer and then help my mother through breast cancer. And that was more difficult.

There's a lot of people who understand postpartner depression. I was not prepared for postpartum anxiety. Listen to Joy 101 with Hoda Kotby on the IHeartRadio app, Apple Podcasts, or wherever you get your podcasts. All right, listen up. The Jonas Brothers here. Our podcast is called, Hey Jonas. We've here, since everyone has a podcast, we want it to as well.

And we've had some incredible guests so far. And now our good friend, Nile Horn is joining the show. How's it going, boys? Hey, Niall. It's the same thing with Slow Hands. Slow Hands is not about anything else really is. You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done.

You too, Joe. Drop what you're doing and listen to Hey Jonas on the Iheart Radio app, Apple Podcasts, or wherever you listen to your podcasts. Because their new star is Javier T. Turino Hernandez. Everyone sees me as a football player, but before anything else, I'm human. Every single day, I'm still learning how to live with problems, mistakes, relationships, emotions ever since I was born.

And I still have so many questions. Where do we come from? What happens after death? How do you deal with cancellation? Cristiano or Messi? Do aliens exist? What is love? Real Madrid or Barza?

From every day and ordinary to the deep and extraordinary. This isn't a normal podcast. Everything here is spontaneous, real and genuine. This podcast is like a deep talk with your closest friends, where vulnerability comes out. Conspiracy theories end up on the table

and goals and lessons are shared. has a life has a order perfect and all is just I'm going to pressur me but we're going to connect. We are here to connect.

Oh Jir, Chicharito-Nandes and together with I-Hard Radio we're going to make the ordinary extraordinary, stay close. It's a crack. Listen to learning to be human on IHard Radio,

Apple Podcasts, or wherever you get your podcast. All right. Destination location. Exactly. Prince was like that. See? You had to go to Minneapolis.

He didn't want to be in Hollywood. You had to go, You had to go out of your way. You went to Minneapolis? Of course, I've got offices in Minneapolis. That's not the point. I'm saying, Paisley Park. Paisley Park.

If you wanted to go see him, you had to be intentional. You didn't just show up in Minneapolis. No one's just rolling through Minneapolis. You had to be intentional, but he wanted to separate himself intentionally. He didn't want to be part of the Hollywood scene. Even when he changed his name, that was a brilliant deal. He changed his name to a symbol. That was not, we thought it was artistry.

That was about his electoral property rights. because his name Prince was tied up with his contracts. The crazy part is he never named the symbol. He didn't never name the symbol. I wonder what he called the symbol. Legal victory. Man. He can play basketball too.

Yeah. Good. He was like that. All right, well, since you like introduction so much, welcome back to the 85th. Okay. Now, D.C., we got a sports. special guests in here with us today, bro, because this is the crazy part.

Every time he comes, I don't never have no question. I didn't want to hear about the money. I just want to sit back and shut the hell up and really take some notes because he know what he's talking about. And he got a new book out that's already a New York Times bestseller. Not New York Times, USA Today, Best Seller. On my bad, not just one state, look up, 49 of them bitches. My bad.

Whole 50. A loss or two, niggas. You don't get to be on a bestseller without hitting all. the list. You're on the list. That's thing you get a certification, man. Capitalism for all a black man. Come on now.

We're getting ready to get our money up this episode. None other, Mr. John Hoopry. Yes, sir. We're getting out of paper. Hey, man, go to that shoe bar. All my real niggas, go to that shoe bar. Shit, fin to get real, sit real close to the TV, man.

Go on here, shut the fuck up, not the night. Pull your notebook out, get your notes together. Shut the fuck up. Sure didn't go to bed. Yeah, this real serious business right here. Come on, take some notes, man. Try to get some money on. Yeah, he ain't talking about what he heard.

He actually doing it. Right. Exercising it. And look, he didn't gave you the game in a whole book, man. So make sure you go check that out. How you doing, brother? My pleasure. My pleasure.

You know, I must tell you, out of all the stuff that I do, and most of it is pretty forgettable. Like, you know, you do it, but I don't think about it again. I thought about being with you guys, I think it was a year and a year and a half ago. And it was really like one of my most special moments. And it was so proud to see all these brothers in here trying to do it right.

And I'm out of the comeback. So you guys are really killing the game and you're doing it right. I watch your stuff online. You're funny as I'm so glad that Charlemagne put me together with Chad and everybody. And you guys just, you're making smart sexy. There it is.

We've been making dumb sexy for way too long. We've dumbed down and celebrated it and you're making smart sexy again and I appreciate that. And you're talking in a way that our community can relate and put the information where they can get it so we can fly in that ladder and climb up. So I love that. So let's get at it. That's always been one of the goals of this platform, man. To make them laugh, make them think.

But you put them on some game, man. You know what I'm saying? They say the game is meant to be so not told. But I'm like, but if you tell it, you get people out the way and let them figure it out for themselves. You're still trying to sell a recipe that don't work. You know, that shit don't work. Just tell it. I'm still focusing your $4.00 glasses.

Yeah, man. You should have saw me, boy, I'm telling you, man. So all the cover men, like, oh, I like them. Boy, you don't understand. Amazon. Get that free shipping. It's going to take a minute, but you pay $5 a lot. Come to date.

You don't even know they're down the screen. You're like, out of hair, I get it from China today. One hour. You're on the day. I get through the day now. File out. That's my partner, though. Yeah.

You guys, and you guys have each other's back, which is rich is just really rich. A lot of, you know, you get a lot of black folks together. I hate to say it, and it just,

it gets interesting. It'd be one. It's one hater that always wanted for the bunch. We can be 900 deep. It's always going to be one motherfucker. You're one sour. I've not seen one in your group.

If it's here, I mean, there's drama everywhere. But when I was here for a half a day last time, it was harmony from the moment I hit the door. Come on. The moment I let nothing but positive energy. And black men who understood this one thing, God gave you two ears and one mouth.

So you listen twice as much as you talk. And so when people hear somebody that makes sense, as I'm one of my phrase, they shut up and listen. When I hear somebody who knows stuff that I don't know, I shut up and listen. And so just much, much respect. Can I drop a couple? Absolutely.

Go ahead. I'm looking at this table, because I was here before. Yeah. And I know this table is very symbolic for you guys and it's in all your shows. This is actually a new one. Is it? Yeah. My guy, he remade it for us.

It's a black guy. We sent the other one so he can repair it and we're going, like you said, it's a piece of history. Yeah, put that in your museum. This is the new updated version. Yeah, it was hot. This is not a table. What is? This is negotiation.

point. This is, so I'm about to unpack capitalism. So in this example, you're the consumer with your $4 glasses. Right. And you're the capitalist. This is negotiating table. All right. Your job as the capitalist is to extract as much money as you can from him while giving him the least amount of value. That's your job. Okay. Got it? Your job as a smart, educated consumer, cheap as you are. Tight. Tight. Tight.

Your job is to pay him the least amount possible. I can do that. While extracting the most value. That's your job. The table's job is to be the place where you come together for this negotiation. And a good negotiation is when everybody leaves, slightly annoyed. because that means nobody got everything they wanted. Right.

So when you are in Africa or you're in a third world country, it's an active negotiation. Yo, yo, yo, I'll give you $20 for that. No, no, no, I want, you know, how about 15? How about eight? It's back and forth. Now you're negotiating a price, but you're wasting time. So poor people value price above everything. Wealthy people value time above everything.

So wealthy people want to save time. when I was coming up, folks would haggle over that dollar for half of the damn day. Now, going back to this point, when you have a good negotiation, everybody leaves slightly annoyed because no one actually won't. But the first point I would make is if you're trying to extract as a capitalist, the producer of those glasses, you're trying to extract $10 from him while giving him those glasses. and he's trying to pay you $2 while getting those glasses. You're both doing your job.

You shouldn't be mad at him, and he shouldn't be mad at you. It's not personal. At the end of the day, you end up paying, I guess, $4 for the glasses. Maybe your cost on it was $250, so you may make as much money as you wanted, but you still made enough to be able to buy, if you sell enough of them, you pay your cost and you earn a profit. That's the simplest example I can give of good negotiation. Now, when you go to a store, CVS, Walgreens, whatever,

and you buy those glasses off the rack and it says $8.99 or the comb says $5.99, researchers have already determined what you and I would be willing to pay for the comb. So the negotiation has been predetermined. They know that you're willing to pay instant. $599, whatever, and pull that, and buy it and stuff. So it's still the negotiating table is just the efficiency has been predetermined. Already taken away.

So even if somebody wants to distribute money, people say, I want to be a socialist. Even if you want to distribute money like a socialist, you're the first collected like a capitalist. Did I lose you? A lot of these people don't understand what socialism, capitalism? Most people don't bother that.

So, commune, and I, I break all this down in the book. Communism is the state owning everything. You can use it. You can't own it. But you can't own it. The state owns and controls everything. So the theoretical example of this is China and Russia.

I'm going to come back to that, because that's a lot. Socialism, people will talk about the Nordic countries, Sweden, Norway. That's not Nordic, but yes, it's it's socialist like Finland. All right. Those are capitalist countries with a heavy taxing system.

All socialism is is a capitalist country that overtaxes the system so that the poor are taken care of. So 50 cents... So now you bought... You sold... You bought these glasses.

He sold enough of those glasses to make a million dollars as a capitalist. The state, he now lives in Finland, the state says, well, we want $500,000, 50%. As a result of that, all of you and my cousins in this environment, their health care is taken care of, their roads, roads, food, hospital, help me out here. Sidewall. All that's free. All that's free.

Now, that's a good thing. So there's no poor people theoretically. All right, theoretically. Here's a problem. There's nobody at the bottom. who looked like us, but there's also nobody at the top who look like us in that environment. In Finland, you won't see any black people at the very bottom, and you won't see any black people at the very top.

Where they at? In the middle. They're stuck in the working class just above. They're subsidized. They've been given everything, and they've been put to sleep. So they're just chilling. They're chilling. They're chilling.

They're chilling. Now, in a capitalist system, and America is a capitalized. capitalist system with socialist tendencies. Social Security is a socialist tendency. These something, any, you know, welfare, these programs that help people, somebody would say there's socialist tendencies. I think it's just dignity. But anyway, in a capitalist system, it's the private ownership of assets and use of the free market system to set market prices where you own that manufacturing of those glasses and you get the benefit of selling those glasses

and he gets the benefit of buying what you sold and if you don't do a good job, somebody else is going to put you out of business by selling better glasses. It's a free enterprise. It's a free enterprise system. Now, it's more brutal. You have winners and you have losers.

So I went from one of the bottom 250 zip codes in America, Compton, California, South Central L.A. in the time I saw you last, Forrest Magazine says, I'm one of the 250 greatest living self-made Americans. Not black. Not in 2026. On the 250th anniversary of America this year, and the 100th anniversary of Black History Month,

Forrest Magazine came out with a list of 250 greatest living self-made Americans. And if it had been any other kind of list, I'd have been honored, but self-made is a whole other thing. And they calculated the distance travel from Confidence South Central, improbable, done legally now, up through and out the other side. Tyler Perry's on the list. Magic Johnson's on the list. I mean, it's a wonderful list.

My friend Oprah Winfrey's number one. By the way, the historic list of those who passed on, number one is Abraham Lincoln. You can't get this any better. Abraham Lincoln's on the historic list, number one. The new list, number one, Oprah Winfrey. That's us. Number 250 on the list is Martha Stewart. I'm 145, up from nothing.

If I can do it, anybody can do it using the legal system. But if I was in Russia, China, France, Germany, Japan, almost any place else, I wouldn't have made it. Because that's a communist situation. Well, so let's go back to that. So even the communist situation is a lie. So what did I say about Russia and China? I said that was a lie, right? So they're communist countries, but they're using capitalism.

What's the TikTok? DJ, the DJI, I think is the, the drone company, Chinese. I mean, it's a huge, there's a complete capitalist system. The government is basically government-funded capitalism. So the government is backing businesses, and if you don't, they don't like you, then they silence you, they take you over. So, you know. It's like, we can use capitalism, but y'all can.

Or we can, you can use it until we don't like it anymore, and then we shut you down, put you in prison, or make you disappear. That's their form of capitalism. So there is no perfect in the world. I've been to 100 countries. There is no perfect. I was in Turks and Caicos yesterday. There is, in the Caribbean islands. As our people, there's no perfect. But this system has a capacity to take somebody from slavery to President of the United States of America who looks like us, Barack Obama. It has a capacity taking somebody from sharecropping and slavery, which is Oprah's story, And my story, my second great-grandparents were slaves.

George Young fought in the Civil War, R.B. Smith, sharecropper, Alabama, to now I own 40 acres with my wife in Fayetteville that was slave property. Fayetteville County was an entire slave county. 90% of people who lived in Fayetteville were slaves in the 1800s. I bought intentionally. I bought 16 acres. And then later on, when the white family next to me, they had a situation that somebody passed away and wanted to sell. I bought 27 acres next to me. You can't make this up.

40 acres in a mule. I got 40 acres in a sprinter van. Same thing. And in 1865, Civil War ended. I really shouldn't say this, but my dress is 1856. You can't make this up. And so I completely flipped the script

in a slave county where I'm one of the biggest landowners and I'm about to buy some more land next to me, but I did all that through the free enterprise system. I did all that legally. And to me, that's making smart sexy. Knowing how this system works and making it work for you versus working us

is how we flip the script. And that's what you guys are doing in your own your own way. Let me just say this one last thing. I say I was going to be disruptive tonight. I'm saying this to you. I've mentioned it on a post I did this week, but I've never, I've said it to anybody publicly. One of the reason I like you guys is that when I talk to you off camera, you really are smart, like you know your stuff. And the one area where you can be a single expert, you don't need to be smart, just a single expert, is comedy. Because everybody wants

to laugh, everybody needs to laugh, it never goes out of style. In good times, it's great, in bed times is like oxygen. But every place but comedy, being X is not enough. Being pretty is not enough. Having a big ass is not enough. Having a wig and manufactured body. Being smart is not enough. Just make it up.

Whatever, being cool is not enough. But if you look at the generation of our people who now, we're brilliant, but we are now under this mistaken perception that on Instagram or whatever platform they're on, that if you're smart, if you're pretty, if you're handsome, if you're a genius, if you're a great athlete, that that's enough. It's not. And you're going to get your heart broken. This world's going to break your heart. And what I'm trying to do is to bring you into the real world because Something's happened that hasn't happened ever in our history. We're in the third reconstruction right now cover all this in the book and I can break that down if you want me to First reconstruction slavery freedom

Second reconstruction civil rights movement access Third reconstruction now 2024 through 2035 in my opinion from the streets to the suite and from civil rights to silver rights is about ownership. First of all, it's about owning ourselves. You've got to own your own narrative. You got to know who you are.

If I don't like me, I'm not going to like you. If I don't feel good about me, I'm not going to feel good about you, Claire Hayden. If I don't respect me, don't expect me, don't expect me to respect you. If I don't have a purpose of my life, I'll make your life a living hell. Whatever goes around comes around. So ownership starts with mindset and self-esteem,

which is different from self-confidence. owning your own story, and then it goes to assets. Now, we think we won. No, no, no. It was won for us. Second Reconstruction. Ambassador Young, I just spoke to him today. Last Living Lieutenant for Dr. Martin of the King Jr.,

94 years young. We see these people in Atlanta, and we take it for granted. Seeing Andrew Young's like seeing Nelson Mandela. You got the King family walking around. You got the, I mean, it's unbelievable what we got here in Atlanta. like my wife calls Atlanta Wakanda. Like, it's unbelievable. In the city economy is the same size of Singapore, man.

$580 billion a year, and you're part of it. And it's black. Well, it's diverse, but it's run and led largely by people of color. There's no place in the world that this exists. $587 billion? $580 billion a year in GDP, which is greater Atlanta, same size as the country of Singapore. Not the state of Georgia.

The greater Atlanta, the seven counties of greater Atlanta is a bigger economy than the country of Singapore. I'll go one, it's all this is in the book, I'll go one step further. You can take the city of Atlanta, take the state of Alabama, the state of Mississippi, the state of West Virginia, and the state of Georgia absent the city of Atlanta, greater Atlanta, all inside of the economy of Atlanta, and Atlanta's still bigger. Pride is like love. You feel it in your heart. IR. Radio.

Canada's number one streaming app for radio and podcasts, including IHart Pride Canada, your favorite hits and must-have party bangers, plus personalized and curated playlists. Like Back in the Day Pride. Come together, celebrate love. Take pride with you anytime, anywhere. Just ask your smart speaker to play IHart Pride Can. Canada, stream us on your phone. Or listen now at iHeartRadio.ca.

Hey, I'm Hoda Kotby, host of the podcast, Joy 101 with Hoda Kotby. Together, we're going to have meaningful conversations with the world's most fascinating people, like when actress Olivia Munn shared how she overcame fierce health challenges. I've gone through breast cancer and then helped my mother through breast cancer, and that was more difficult. There's a lot of people who understand postpartner depression. I was not prepared for postpartum anxiety. Listen to Joy 101 with Hoda Kotby on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

All right, listen up. The Jonas Brothers here. Our podcast is called, Hey Jonas. We're here, since everyone has a podcast, we want it to as well. And we've had some incredible guests so far. And now our good friend, Nile Horn, is joining the show. How's it going, boys? Hey, Niall.

It's the same thing with Slow Hands. Slow Hands is not about anything else, really, is it? You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done. You too, Joe. Drop what you're doing and listen to Hey Jonas on the Iheart Radio app, Apple Podcasts, or wherever you listen to your podcasts. Everyone sees me as a football player.

But before anything else, I'm human. Every single day I'm still learning how to live with problems, mistakes, relationships, emotions ever since I was born. And I still have so many questions. Where do we come from? What happens after death? How do you deal with cancellation? Christian or Messi

Do aliens exist? What is love? Real Madrid or Barza From everyday and ordinary to the deep and extraordinary This isn't a normal podcast Everything here is spontaneous, real and genuine This podcast is like a deep talk

With your closest friends Where vulnerability comes out Conspiracy theories End up on the table And goals and lessons are shot All in this life has a order perfect And all is just

Wait, wait me, I'm here to Connect We are here to connect The Chichariot I'm Javier and Chacharito Hernandez, and together with IHard Radio, we're going to make the ordinary, extraordinary. Stay close. It is a crack.

Wow. Listen to learning to be human on IHard Radio, Apple Podcasts, or wherever you get your podcast. That's how amazing what we have done is. Hold on, I'm going to say it one more time for the people. For the people I know watching this show. It's a lot of, we got a lot of, we got the whole hood watching this, bro. You heard that. Great Atlanta.

580 billion. Don't say ain't no money out here, man. Buses airport in the world? In the world. The largest internet, the only international city in the traditional south, the most diverse place in the traditional south, the only place where the only color is green, folks are too busy to hate.

We picked up a business plan that really Birmingham, Alabama should have. Birmingham, Alabama should have had the airport. Montgomery, Alabama, Birmingham, Alabama was the industrial base for the whole south. That's where the railroads went through. That's where steel was manufactured. It named after Birmingham, England.

They were bigger population, more sophisticated, but they were stuck on race. They were stuck on, in the second reconstruction, civil rights movement, I'm going to get back to why we think we're free, by the way, and we're not. But they were stuck on race. white and black, white water fountains, and all that kind of stupid stuff.

I want to say something else. Shit. Stupid shit. Thank you. I appreciate that. Be my translator. Atlanta decided to argue not over race, but over money. Who got the contract.

So Atlanta got a new business plan. And those other places, if you go to, and again, I love Memphis, Tennessee, great black mayor there now. I love Birmingham, Alabama, great black mayor there now. I love Montgomery, Alabama, great mayor there now. I love Montgomery, Alabama. a great black mayor there now. But if you go to those places, with all due respect, they look largely the way they looked in 1960.

You with me? Yeah. Back. Take a photo of Dr. King going through the airport in Memphis, Tennessee when he was assassinated. If you go through that airport right now, it looks exactly the same. If you should have the photo of where he was

when he got in the car outside. And Atlanta's been rebuilt and re-imamination. and re-advales and remodel, I don't know, 30 times. I'm an investor in Centennial... I'm bouncing. I'm jumping around here. I hope that's okay. I'm sorry. I just feel it at home.

Probably should. I'm an investor with Tony Ressler. This is three billionaires from the same family, the same Jewish family, Richard Ressler, Tony Ressler, and their sister. Each one of them are worth $12 billion, $15 billion and $12 billion each from a middle-class Jewish family. Whatever they were drinking, I want some of it. Two of them, of the three members of that family, own the Atlanta Hawks, as my former business partner, Tony Wrestler,

and on across the street was now called Centennial Yards, as Richard Wrestler. I'm an investor. I'm a partner with Tony Ressler. I was a Promise Homes Company, which I sold. I told you guys, I sold that for nine figures. And I'm a partner in Centennial Yards, which is the largest investment in Atlanta since Atlanta. When you say Centennial Yards, what that?

Centennial Yards. Six billion. dollars. What is this? This is, we built the downtown. Atlanta had no downtown. It had a Midtown and then had a Beverly Hills, which is Bucket. There's no downtown. If you want to go party, you won't

go up, if you want to go have a good time, a nice restaurant and go shopping, you went from Midtown and you just went up up to Bucket. Now, we just snuck up on you. There's a 50 acre of development. There used to be a hole in the ground. It used to be called the

That was, by the way, the railroad line that Andrew Young rode the bus in on when he met Dr. King in the 60s. There was also the railway line that the Union Army busted up the Confederates on in 1865, and that battle stopped the Civil War. Without the Battle of Atlanta, Lincoln would not have got reelected two weeks later, and the war wouldn't have ended, and America would be different. Atlanta literally sits at the epicenter of American history. Without Atlanta, you wouldn't have the end of the Civil War. You would not have the Civil Rights Movement.

And you would not have what I now call the Silver Rights Movement. Because all of it's headquartered in Atlanta. So now I want you guys to go drive through what was now called, what was Midtown? I call it Newtown. I call it Town Square. You'll see the Phoenix Hotel. Boom. It's beautiful.

You'll see Cosmo, which is a Cosm, sorry, which is like the sphere in Las Vegas, but it's basically you can watch an F1 match team, F1 game, or you can watch a soccer game, whatever, as if you're watching it, but you're in the bleachers, but you feel like you're at the event. At the event. Live Nation, putting the 85 seat theater. That's under construction right. 85. 85. Exactly. We'll be in that. There you go. bunch of restaurants, entertainment,

clubs, Virgin Airlines, Virgin Group is putting a new hotel there. This is all across street from the State Farm Arena and Mercedes Ben Stadium. I'm doing affordable housing, I hope, right behind there. Right across the street by Vine City and all that.

Y'all took all that property over there? No, we're just on the 50 acres inside the goat. We're just literally inside where the hole was. Okay. It took 700, this is gangster. It took $7.000. $700 million to just bring it to street level. What you mean?

To fill up the hole. Which still has trains operating so you can build a city. It costs $700 million. Just to bring it to a street level. That's why nothing's been happening at the coach. But this is the magic of Atlanta. What I'm telling you, this is not happening anywhere in the South. nowhere. Even Nashville is a minor version of what's been done here. You guys have created magic

and it's at risk for this reason. We thought we won. We all walking around like we're chilling. Everybody's on Instagram like they won something. What you win? What you win? Dr. King and Andrew Young and Credit Scott King and Dorothy Height and all these heroes and Shee-Ros got Kennedy Johnson and honorary President King to pass four civil rights laws. Voting Rights Act, Civil Rights Act, Open Housing Act, et cetera, et cetera. These are basically, by the way, enforcement actions for rights you already had in the 1800s, that's a whole other conversation. But they created these laws.

As a result of that, you now have affirmative action, you had DEI, you have set aside contracts at the airport, set aside contracts, you had them. with the federal government, building wealth and opportunity, access to education, HBCUs, jobs and contracts, access to corporate jobs, basically the creation of the middle class. So we were able to cash the check when we weren't writing it. And when we were writing it is because somebody gave us a right to it.

Follow me. We have the right to vote. We had the right to have access to a facility. We have a right to an education, right to contracts. But in an instant when somebody came along and decided, you know what? Take it away. I'm tired of all this. And convinced through marketing, brilliant marketing.

I've got to give them credit, convinced the public that somehow this was a reverse discrimination, you've seen while we are, since I've seen you last, Supreme Court just struck down. something we thought would never be struck down. Voting rights. DEI, we argued with DEI, we fit them the list anyway, why we argue about the stupid. But the whole infrastructure of what we thought was assured, and we took for granted, we didn't go vote.

A lot of black folks stayed at home, not my problem, whatever that stupid description is. It's your problem now, because last year 300,000 black women got laid off in three months. three months and it wasn't their fault. Wrong place, wrong time, wrong political environment. So we actually weren't in control of actually anything. Right. We didn't win. It was one for us. You follow me? Somebody said, just kidding. You're on your own. Then, now you're faced with brutal

capitalism that may not be friendly to you. And here comes artificial intelligence, hunting your ass, from around the corner. And we chill it. So how we survive? We've been doing so much with so little for so long, we can almost do anything with nothing. Where the rules are published and the playing through the level,

we kill it. Professional sports. We killed it. I can't remember the name of the athlete, but it was the, I think it was 1939 Olympic Games in Germany. Jesse Owens. He won. He won those medals.

and Hitler was so upset because he said, you know, they were the only race, whatever, master race. And we kicked their rear end, playing by the rules. He got up and left. Hitler got up with all his boys.

They couldn't take it because the guy was too dignified. Jesse was winning everything. Jesse was winning. He just won the spread. Jesse won, long jump, all kind of shit. They just doing shit. He didn't do a shit.

And he didn't curse. His brother won some medals, too. They don't never talk to his brother. But he won by being smart and being talented and applying his gifts, and Hitler couldn't take it and walked out. At the end of the day, Hitler, five years later, was dead, and Owens is still an icon in the world. Light always wins because darkness is defined by light, not the other way around.

Badness has failed goodness, and the devil's a punk. Lucifer's a punk because God, He's a fallen angel, and God gives him permission to exist. He ain't shit. But we give all these people, all these false prophets, all his fake authority, and we think that they're doing something, because it's short-term immediate gratification that attracts us. But when we come back to our core, we're spiritual people.

And, you know, the first person walked face, a walk upright in the world. with intelligence was a black woman. I don't know if you know that. All DNA in the world comes from us. Don't trust me. Look it up for yourself. The only word that includes, the only color that includes every other color is black. And black women, the only one with the Eve Jean.

His brother, historian here. But let me slow this down. I'm going to say this again. I don't know if you heard, I need you to understand what I just said. This is not, I'm not making a racial comment. I'm making a racial comment here. Because people don't take this up, they'll cut it. Somebody will try to make something out of something. I'm not making a racial comment.

I like math. It doesn't have an opinion. The only color, this is science. That includes every other color is black. And if you don't believe me, look it up for yourself. So where did all this come from? This is made up. The racial argument.

The world is 5 billion years old. Organism life 4 billion years old. Neanderthal life 200 million years old. Modern Homo sapiens, 200,000 years old. Modern Enlightenment, 6,000 years old. 3,000 years since Jesus. So where did racial word white come from? Jamestown, Virginia, and 1620s.

Because a traitor of goods and services were using whites and black endangered servants together, they were both indentured servants, poor whites and poor blacks. When blacks and whites ran away together, I think I put this in the book, when they ran away together and they were caught because they didn't like how they were treated, they were caught, they were friends. The overseer came back and said, boss, we got a problem.

They're getting along. They're friends. Boss said, well, why is that a problem? Well, we can have a race riot. We cannot have a class riot. We're the class, boss. And they got us outnumbered. They're runovers.

So they took the poor whites. And they said, you know you're white like us, don't you? this had never been uttered before in history. You had white members of the royal party, a royal family. You had white, I'm sorry, not black, you had black members of royal family, you had black industrialists, you had black people in power going back thousands of years,

tens of thousands of years. He told this guy, you're white like us. Now you're in charge of them. I'm going to give you two more years running away. I'm going to give them life. That was the beginning of slavery. By the word, slavery did not start. with African Americans. Slave is a Slavic word.

The white, white Europeans, we're slaves. This is getting too deep. I'm just saying this is a game. So for 400 years, we've been arguing. By the way, the biggest group of poor people in this country are poor whites. Say it again. The biggest group of poor people in America are poor whites. Let me eat some chicken to that.

Now, here's what my point. For anybody watching this going, John don't get it. This is all about racism and the white man. Okay, slow. They created that system. Slow your role for a minute. So if this is true, why didn't the rich white people come back and get the poor white people and say, y'all coming with us 400 years ago? Did I miss something?

Because Dr. King, when the guy was assassinated in 68 with the poor people's campaign trying to help all people. poor people, including poor whites. That's one of the reasons he was taken out before we ever got to Washington, D.C. So if this is racial only, yes, racism exists. Be clear about that. Yeah. But if this is, I think it's really class, disguised as, I think it's really about class, money, and power.

Races is an interesting, wonderful distraction. It gives us all point. If this was really just about race, if race is everything, why somebody explained to me why there are poor whites in America. I don't understand it. Because the rich whites would have said poor whites, you're with us. That did not happen. Well, if you can convince the poorest white man that he's still better than the black man,

he won't. And his head mentally, he don't get him fucking way he yet. Because there's no critical thinking. There was no critical thinking with the poor white. He didn't say, am I wealthy like you? Do I have titles from England like you? Do I have land like you? He didn't ask those questions.

That's critical thinking. He just said, oh, so I'm now in charge of them. Now, them were his friends. But this changes things. They're still playing that game. Even when you see the election in Trump, they get to the poor whites and they all don't vote for them. They're the first ones to complain about voting for it.

So somebody is rioting at the ballot box. Black people, when we get upset, we riot in the streets. We're emotional people. When poor whites get upset, it appears they riot at the ballot box. It's still rioting. Let me tell you something. You go to a 500-credit-scor-cored neighbor. Let's just level the playing field.

Think about a poor black neighborhood. Think about, and I want you think about now about a poor white rural neighborhood. You tell me if I'm wrong. Here's what you see. They hide them. Check casher. Petty loan lender. Rit to own store.

Dollar tree. Family dollar. Liquor store. Yeah. Pond shop. Am I lying? Nine gas station like we just can't get gas from him or him. Him, him, him, him, him, him to him.

Right, right. Am I lying? Same shit. Poor. More white neighborhood, poor black neighborhood. And by the way, and I lay it on this book, I mapped every zip code in America by credit score. You live to 61 years old in a 500 credit score neighborhood.

15 minutes away from every 500 credit score urban neighborhood is a 700 credit score neighborhood. You live to 81 years of age and in 700 credit score neighborhood. I'm going to make this really plain for our viewers. You're in Chicago. you live in Garfield Park I don't know anybody who knows what Garfield Park is it's the hood

you live to 61 years of age on average you only get to Social Security you get on the freeway and you go to Lincoln Park which is 15 minutes away on the freeway in Chicago you live in that neighborhood to 90 years old what else has changed but economics so when you're living in a 500

credit school neighborhood you're stressed out you got too much month at the end of your money. It's single parent households. There's no financial services. It's low credit score, high cost of living. You fall dead, hypertension, diabetes, stroke, black on black crime, poverty on poverty crime. The three groups that didn't get the memo in this country,

African Americans, poor whites, and Native American Indians. What's the number one group dropping dead in America? Poor white men dying of opioid addiction. depression essentially what's going on with Native American Indians alcohol alcohol depression I'm going to say something you're not going to like it

I think that 70% of black people as brilliant as we are clinically undiagnosed depressed explained so much we wake up in the morning on 9 and PTSD and PTSD now why am I saying this because the African American experience is different from the African Caribbean experience

Exactly. Different from the African-African-African experience. African-African, African-Caribbean are closer because slavery for them lasted shorter period of time in a brutal environment. If you were a slave where I was there yesterday in the Caribbean, they kept your families together. Am I boring, you guys? Mm-mm. They kept your family. It was a nuclear family if you were a slave in the Caribbean, mom and dad and kids.

So now you're growing up. Yeah, you're a slave. It's a horrible thing. But it's a family structure. Now you know, and then when you get out of that, now the mayor looks like you. The dentist looks like you. The robber looks like you. I mean, everybody from the top of the bottom looks like you.

So your self-esteem is higher. You follow me? Your confidence is lower because you're in effectively a second or third world country economically. America. Brutal capitalism. Sell your kids off so you have no hope. hold your wife down and a brutalizer

or hold you down while they brutalize your wife so you as a provider and the caregiver you can't protect her you lose your self-esteem you lose your sense of male identity you're emasculated

they don't want to kill you they want to destroy your spirit it's not personal it's business they want a machine pride is like love You feel it in your heart. IR. Radio, Canada's number one streaming app for radio and podcasts, including IHart Pride Canada, your favorite hits and must have party bangers, plus personalized and curated playlists.

Like back in the day pride. Come together, celebrate love. Take pride with you anytime, anywhere. Just ask your smart speaker to play IHart Pride Canada. Stream us on your phone or listen now at iHartRadio.ca. Hey, I'm Hoda Kotby, host of the podcast, Joy 101 with Hoda Kotby. Together, we're going to have meaningful conversations with the world's most fascinating people. Like when actress Olivia Munn shared how she overcame fierce health challenges.

I've gone through breast cancer and then helped my mother through breast cancer, and that was more difficult. There's a lot of people who understand postpartner depression. I was not prepared for postpartum anxiety. Listen to Joy 101 with Hoda Kotby on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. All right, listen up. The Jonas Brothers here. Our podcast is called Hey Jonas.

We're here, since everyone has a podcast, we wanted to as well. And we've had some incredible guests so far. And now our good friend, Nile Horn, is joining the show. How's it going, boys? Hey, Niall. It's the same thing with Slow Hands. Slow Hands is not about anything else, really, is it? You know, or taste so good can't be about food.

You do the same, Nick, with some of the stuff that you've done. You too, Joe. Drop what you're doing and listen to Hey Jonas on the Iheart Radio app, Apple Podcasts or wherever you listen to your podcasts. And it's a part of the trust of me because their new star is Javier T. Torito and And then, from Mexico, he's going to be sure. Everyone sees me as a football player. But before anything else, I'm human.

Every single day, I'm still learning how to live with problems, mistakes, relationships, emotions ever since I was born. And I still have so many questions. Where do we come from? What happens after death? How do you deal with cancellation? Cristiano or Messi? Do aliens exist?

What is love? Real Madrid or Barza From every day and ordinary To the deep and extraordinary This isn't a normal podcast Everything here is spontaneous, real and genuine

This podcast is like a deep talk With your closest friends Where vulnerability comes out Conspiracy theories End up on the table And goals and lessons are shared All in this life has an order

Perfect and all is just Wait-in me, I'm going to put me going to be I'm going to connect The Chicharito And Javier El Chichariot Hernandez And together with Aija

We're going to make the ordinary extraordinarily. Stay close. It is a caracca. Listen to learning to be human on I have radio, Apple Podcasts, or wherever you get your podcast. Now,

why? Why take you all the way from Africa here to do this to us? Is it personal? Please listen to me. No one brought you all away from Africa because they don't like you. Why? Because we were agricultural geniuses.

Who asked this. We were agricultural geniuses in an age when the gold was cotton and tobacco. Please hear me. Where was that crop best fertilized? In the South. In the South and in the Caribbean. And in Latin America. By the way, the second president of Mexico in 1820s was Malado of African descent.

That's a whole other story. Flavor was outlawed in Mexico because it was 40 years. years were outlaw of the United States. Back to the story. So African Americans, our self-esteem was destroyed intentionally, so we wouldn't fight back. But they needed people who could take dead soil, Africa, under harsh, heated conditions, and bring it back to life. That's what we did. You know where Wall Street, rhetorical question, I'm going to give you the answer.

Where did Wall Street start? Montgomery, Alabama. Lehman Brothers was born in Montgomery, Alabama. Don't trust me, look it up yourself. Why? Because that's where the slaves were. That's where the slave trade. That's where the...

Alabama and Mississippi had more millionaires in the 1850s than anywhere in America. The richest city in the world in 1840 was not just Mississippi. In the world. When the rules are published and playing rules level, once again, we kill it. Professional sports, the arts, politics, from slavery to the President of the United States of America. Faith. I just talked to Bishop T.D.J.J.S. yesterday.

The biggest, I mean, he's basically the Black Pope. I mean, build a global empire from West Virginia, which is where he was born. Trying to give another group, another thing that we've killed the game on. But I mean, that's for example. Everywhere. But not capitalism. Not free enterprise. Not free enterprise.

And what's my point? This country is built on capitalism and free enterprise. The whole world is built on capitalism and free enterprise. So for us to argue and spend valuable time debating about whether we like capitalism or not is rearranging the deck chairs and the damn Titanic, the ship is sinking and we're picking drapes. And I don't know about you, but I'm like Malcolm X right now. We've been bamboozled. We've been tricked.

We've been fooled. We've been hoodwink. We've been run amok. And I'm sick and tired of being sick and tired. What I say to people is, nothing else has worked. We tried the government. They just told you, you're on your own. Have I missed something?

I'm talking to everybody here. Have I missed something? It's not a good feeling, is it? For somebody else to be in control of your destiny. Every other group disengaged, the government and went into free enterprise and capitalism. We hung on too long. We had too much faith.

I'm not criticizing. We did the best we could with what we had. But this is probably 50 years too late. And this president has done something that hasn't ever been done since 1960. He unified black people. Yeah. We all have won accord now. We're like, what are we going to do?

That's what you said? What are we going to do? And what I think we do is this. God is on the throne. Why do I believe that? In 1952, America was 90% white. So that means what Dr. King and everybody did was nothing less than genius. That was just moral authority.

8% of black people flipped the whole country. 70 employees, Dr. King had. Today, African Americans are 40%. Sorry, African Americans and minorities are 40% of this country. within 10 years will be a majority of minorities. The economy today is 20% immigrant. The GDP of America is $30 trillion. 20% of the GDP of America are immigrants.

The same people being demonized. I'll give you a strong one. It's in the book. In 1972, a white-blue-eyed, white, white, blue-eyed, blonde-haired woman, wealthy, could not get a bank loan in America. I'm sorry, could not get a bank account in America. No woman could. It was against the law.

Right. Huh? Or a credit card. Couldn't get a law credit? You mean, you know your stuff. Couldn't get a credit card unless her husband co-signed it. Right. What do I say that?

All right. Let's go back to now and say it about the Second Reconstruction. Black America pushed this country to live up to its potential, to its Constitution, its bill of rights that happened here in Atlanta. Civil rights movement. Civil rights movement, the four civil rights bills. So here comes Kennedy, who really didn't care all that much about civil rights, but he was pushed to care. Here comes Johnson, who was not a very nice person,

but passed all these civil rights bills. And here comes the honorary president, King. Some people thought they went too far. They killed them physically. Kennedy, Kennedy, Malcolm X, Martin, the whole list of other players, just taking off the scene, politically killed by going from Kennedy and Johnson to Nixon. Total opposite.

By the way, it happens to every reconstruction. First reconstruction. Lincoln gets assassinated. The reaction was President Johnson, who was his vice president, who was the southern segregationist. That's why he pulled all federal troops out of the South. Stop reconstruction. They told him that.

If more than for you to win, this is what you got to do first. So, look at what's happening now. Don't name names. You're gone from Obama to something else. Reaction here, overreaction here. George Floyd's murder, 2000. You're living through history. If you were black in 2021 and walking down the street, somebody would have given you a check.

There was a year period where money was just flowing. Am I talking to myself? Money was just flowing. to anybody black. If you were in 2021 by 2023 anti-woke and what reaction.

Some people thought gone too far. By the way, I think we took it too far. I think we pout the bear. I think we antagonized. We were not smooth about how we did things.

We stepped in mess, not over. It's a different conversation about strategy. But we created a reaction that we're experiencing right now. So you're sitting in a moment in history right now. But history does not feel historic when you're sitting in it. It just feels like another day.

It's the third reconstruction. So the battle is no longer here. It's here. So now, why am I saying the answer to your question is capitalism? Let's go back to that woman's story. Because of black people in affirmative action, we didn't get the affirmative action. Nixon gave it to white women.

I say, God bless them. I'm glad somebody got it. Because of white women, black women got it, Latino women got it, Asian women got it. Today, women are a third of the U.S. economy. Women are $8 to $10 trillion of $30 trillion a year. That would have happened if they didn't get the rights that we teed up in the 70s. So bring that story to present. Citigroup put in the report here that discrimination against blacks alone between 2000 and 2020,

between 2000 and 2020 cost the U.S. economy $16 trillion. Not the Asian, not Latinos, not slavery, not civil rights movement. 20 years. Between 2000 and 2020 and 2020

Citigroup, not NWACP, not LaRazza, not some liberal group. City Group calculated cost economy $16 trillion. And they just knock it all, we'll get a trillion dollars a year. And I've already told you about the power of Atlanta. But that's really the power of diversity.

The most wealthy companies in America are the most diverse, the most profitable. The most diverse cities in America are the most profitable. 90% of the GDP, the economic activity for this country are in cities. I mean, what I love about this is, it's just math. This country can't survive without black people. That's really what I'm telling you. It's what it all boils down. It can't, this is all God.

This country cannot, I want every white, college-educated, successful white man to be hugely successful because my success is tied to his in a free economy. There's not enough of them. There's not enough college-educated white men to drive GDP, gross domestic product, the income of the country for the next 20 years. If we don't include other people in this, within 20 years, we'll all be speaking Mandarin. You know what Mandarin is? Yeah.

Chinese. Chinese. Now, I'm going to give you a drop of the mic that's going to spin your head. Now, let's say up until now, you like, this all sound good, but John don't have me yet. Okay, check this out. In the next 10 years, there's going to be a wealth transfer of $88 to $100 trillion. Every day, 10,000 baby boomers, read white, wealthy, 65 years of age, looking to go play golf, retire, and leave the economy every day. I'm going to say this one more time.

Not every month, not every week, every day. 10,000 baby boomers leave the U.S. economy. There's more people over 65 than under age 18. It's never happened before. By 2034, they'll all be gone. The money's getting transferred, by the way, that $88 to $100 trillion, to wives, husbands, children's, nieces, nephews, stocks, bonds, homes, cash, whatever.

Have I missed something? Businesses. Now, nobody wants the businesses. It's too much damn work. Please hear me, black people. Brown people. Please hear me. There's nothing wrong with these businesses.

These are seven-figure dentist office. Seven-figure lumber office. Help me out here. We can bomb. Laundramettes. We can buy. Gas station.

Car washers. Nail salons. Help me out here. Think about what's in your neighborhood. Think about it. Medical offices. These are all businesses, people. No one's cutting your hair for free.

They like you. Your buddy likes you. but he wants to be paid. That's a capitalist. I said earlier, people are, oh, I'm not a capitalist. You're not going to work for free. If you're going to work,

somebody's giving you a paycheck, you're using your human capital and you're exchanging it for a financial capital. You are engaging in, help me out here. Capitalism, for sure. If you're paying a card note, you're engaging in...

Capitalism. You're paying rent, or you buy the house? Capitalism. I mean, knock at all. And if you live with somebody, then socialism, especially if you're not paying no bill. And that's beneficialism. The benefit of them.

The benefit of money. Somebody got to be there to make two cells. And that's pleasure. If you're not on the, you don't get no damn two sellers. Because you lie to say you're going to give me some money, so that's pleasure. And thank you for getting me on my soapbox. Look, if we just buy, I said 15 trillion of businesses, which have real estate, have client list, have brand names, and they'll see, let's stop. Let's knock it off and going to New York.

The money's already made. Go to Columbus, Georgia. Go to these second-tier cities where there's no competition for brilliant people like you. And go buy the dentist office. It's got three locations or four barbershops. You know it. Hair ain't going out of style.

Ever. Go buy the three hair business, the three hair weed businesses. The guy is trying to retire. Get half of the purchase prices, bank finance, because there's a cash flow from the business. they'll do seller financing, probably for 40% of that, and you raise 10% of it in what's called a GoFundMe Friends Round, but if you buy a million-dollar business with cash for in real estate,

it's easy to find investors. Is business for sale.com a good website? No, I wouldn't do it. I'll go find a business broker, a business broker in the town that you want to buy a business, and they'll help you analyze it. But my point is, if we just buy a trillion dollars of that, man, I said 15 trillion. Just buy less than 10% over the next 10 years,

Our net worth of black people is scheduled to be zero by 2053 if we do nothing. Yes. If we do nothing but chill, what we're doing right now, our net worth is scheduled to be as a race of people. Nothing. 2053, zero.

We own nothing. And it's getting worse. We have the lowest credit score in America. I'm just talking real talk. We have a 44% home ownership rate. Most of our businesses don't have an employee. We don't own stocks. We don't own bonds.

We talk down capitalism. Yes, sir. So from this point, from knowing all those facts, how do we get, say for example, we got a community that said, all right, Jay, I hear you. We fucked up back then, and we want to unlearned after storm. We want to unlearn all the shit we learned.

In this condition, how do we grow in the next 10 years so them statistics don't work? In the book, have a business player of a black America. God damn, we got to read the book. You know what? What is the same book. He's hand. I wrote

I was waiting for somebody to talk shit to me about John, you know, you keep talking about the stem, where's the solution? I wrote the damn solution. I wrote it for black people. I wrote one for women. I wrote one for white people. I wrote one for people. I wrote one for Asians.

I got every group. Native American, Indians, Africans. Now, here's a black. Before you go, I want to ask you this. Who financed the Civil Rights movie? It was a great question. That's a great question. The civil rights movement was financed in part by Jews.

Black businesses, like H.J. Russell and others, but people don't know that the Jewish brothers and sisters actually helped with the civilizing. The SCLC was actually not a legal nonprofit. It was actually run out of an legal office in New York, and it was a Jewish lawyer there who quietly funded Dr. King's movement. We got allies, now, don't get it wrong. You got allies. Many of which we're treating pretty badly, but that's a whole other story.

Folks love seeing us argue with each other. And, I mean, if, look, don't get me. Don't get me to this. Let me say, focus on the question that you put in front of me. What do we do? How do we get that? All right. Let me try and make this real, I'm going to make this real play.

Please hear me. Get our credit score up 70 points from 620 to 700. How do we do that? I don't fucked up my bank account. I don't fucked up. So you come to Operation Hope, if somebody with tow up credit, doesn't check the credit. That's what I know.

You come to Operation Hope, our services are free because I raise $100 million a year so that you don't have to pay for our service. They have offices in 42 states. 400 employees. We say, what's that on your credit report? You say, I don't know. Great. That's called an error.

So we say, this is financial literacy, which I think is the civil rights issue of this generation. We're going to write, you and me, we're going to write a letter to the credit bureaus. People think the TransUnion, Equifax, and Experian, the credit bureaus, are the devil. No, they're repositories. Their data, they're passive data repositories, which is a fancy way of saying is lazy money that sits there with a database. And they get paid by people accessing the database. It's really a brilliant business. It's like a storage unit for data.

Now, they're not responsible. for what's in the storage union. They're just holding it. You're responsible for making sure that your stuff in the storage union is properly accounted for. But that's what poor people don't do. They don't check.

So the first thing we do is we write a letter and we say this is not his. The law states, if they cannot confirm that's yours within 30 days, they must remove. And 90% of that time. I need to write them a letter. That ain't my sprint.

I don't know who had that. Well, that's good for 30 or 40 points. Operation Hope. Operation Hope does that. Operation Hope does that. So now you, now you, let's say you were at 620. So now you got pop 30 points. You're at 6.50.

What happens to your self-esteem? Oh, I feel good points. Straight enough of it. Straight enough of it. You know, we're going up to that. You're like, okay, wait a minute. I'm about to get four hours. You're like, I'm in the game.

So then we say, okay, what's that? What's that other thing? Oh, you know, I got a divorce, and it was 10 years ago, and they ran the phone bill up, and I don't have a thousand dollars. Got another letter? No.

No, you got to call them, and then ask for a settlement. No, hold on. You got them. No, no, you're both right, but hold on. Slow it, slow it down. So we say, look, slow down. That was Pack Bell.

Pack Bell sold to SBC. SBC sold to AT&T. So, oh, yeah, that shit. All of them chasing you and calling you. You ain't answered no damn 1-800 number, in 10 years. They sold it. They got tired of chasing you.

They sold it to Joe's finance company. How do I know? It's in the notes. Let's call Joe's finance company. Your and my sister says, I told you don't have a thousand dollars. We said, look, shut up. I didn't ask you for $1,000.

Shut up and listen. Let's call, because I know that they didn't spend $1,000 for. They've been chasing you for 10 years. It's called bad debt. It's been five cents on the They bought it for 50 bucks. Joe won $150.

Joe wants $100. He wants to double his money. So let's call and Joe says, I got Joanne here with me. We're looking for Joanne. She's looking for you. Right. We want to pay you off. We want $100.

First of all, lower your breath. I'm $10. I get you $7. Loan your voice. How about we give you $200? Huh? First of all, changing the whole psychology all the time. Why would you pay me double?

Because if I pay you double and I'm, I want your name to your supervisor. I want to talk to them and tell them what's a good job you did, even though you'd raise your voice to me. But tell me what a good job you did. And I want his or her phone number so I can reach them later. And I want in writing to show them, would you do the good job? And I'm going to give you double the profit that if and when this shows back up on her credit report.

You're going to remove it until it stops showing up. Can I get that agreement? Yes. Great. She got an 80% discount. You got a 200% profit. And go back to what we said early in the beginning. Negotiation. Fair change is no robbery.

Everybody leaves slightly annoyed. Everybody wants. Now, you get it, you solve a charge off, that's 40 points. So where are you at now? Now you're right near the promise. Now we look at you, we look at your budget. You say, well, I don't make a lot of money. I didn't ask you that.

You spend $38,000 a year. You got three children. Okay. You ever heard of EITC? What's that? Congratulations. Earned income tax credit. If you make $38,000 a year, you got three kids,

the government owes you a check for $7,500. It's a reward for, it's a bonus for working. And if you never filed, it's retroactive for three years. Mm-hmm. What you mean you get back? You can go back three years to file it. Good, darn. So whatever you qualify for it, you get three years of it if you've never filed.

And one out of four Americans who qualify over EITC never asked for it. Read black people. That's about $20 billion a year. leave on the table. So we help you file for that. We then say, tell me what you do every week. Well, I go to Starbucks twice a week. No, no, no, we're going to get you a kirk machine.

Because that's $3,000 a year. Exactly. I'm smoking cigarettes. Well, that's another $3,000 a year. That's $6,000. That's, sorry, excuse me, for cursing. That's almost... No, you got mad on that one.

That's 15% of your income. Yeah, the box says this shit's going to kill you. Right. The box says it. I'm just sick and tired of being sick and tired. I'm sorry. And so we just stopped the... I'm just going to say it's a French word.

We just stop the stupid shit. And just get right... We just need to do the basic shit. We're just not doing the basic shit. So you get your credit score to 700. That's $750 billion of net worth in 10 years. I'm answering your question. We can do that ourselves.

Now you take the 750 credit score. So you take the 700 credit score. You go to the bank, the bank don't make money unless they make a loan. The people, oh, the bank won't make me a loan. Now that you have a $500,000. It's a bad credit score. So you go there, now you get a loan to become a homeowner. That's worth $800 billion to go from 44% of ownership,

to 62% homeownership for black people, 75% is what white people have of homeownership. And the whole tax policy is around homeownership. You write off every mortgage payment. You get it back in a tax refund. You write off the depreciation's free. We're just talking about it. I told you. It's free.

It's tax free. It's a tax-free of the $1. Say, folks, somebody got a $750 credit score, but their income only like $40,000 a year. What type of loan are they even expect? So first of all, if you go and buy in Columbus, Georgia, go buying a modest city for $100,000 house, you can qualify with the $40,000 income to buy a house. You might be in the wrong area. Stop trying to buy a mini mansion when you're opposed to work.

I mean, it's ridiculous. You're in the wrong area. You're in the wrong area. Go where the puck is going. When I moved to Atlanta in 2009, there were not smartphone. I had a smartphone, and I was texting. Most people were not texting in 2009. They were not sidewalks.

They had that palm. They had the palm. They had a keypad. You had the Blackberry. Yeah, they were a blackberry. I had an apple. But, and I got, I went to the state, and I registered a license plate that said entrepreneur. Now, this may not make sense to, to.

to people immediately. I should not have been able to get a license plate in the state of Georgia that says entrepreneur. Because that plate was gone 30 years ago in New York and 40 years ago in New York's in California, very entrepreneurial places. If entrepreneurship was on fire in Atlanta,

that plate should have been gone. The minute I was able to get that plate, I knew. Ain't nobody has it. I'm in the promise land. I'm going to run it up. I'm going to run it up. I got a plan nobody else has. I went and bought 700 homes between 2016 and 2021.

I bought 700 homes worth $160 million. I bought them for $88,000 each. I sold them for $350,000. Go back to your theory. I don't think they was here when you said you go to buy the ugliest house in the nice neighborhood. By the worst house in the best block. Hood adjacent. Hood adjacent.

Buy it, rehab it and rent it. Buy it, rehab it and live in it. Wait for three or four years. Pull out modest equity. Buy another house with a homemaker the line of credit. Do not sell the house and not growing any more land. Everybody I know who sold a house regrets it. Evan Essence, up close, live, before anyone else gets in.

Way into the exclusive IHAR radio sound check party with intimate performance and Q&A. Then stay for the full live show. June 29th at Toronto's RBC Ampetitor. Evan essence, don't miss out. For your chance to win, enter now at IHRRRRR. Radio.ca. Stream the new Evan essence album, Sanctuary. Available now.

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Everybody I know who sold that house, 10 years later, like, Dave! Because they look at the value now, and it goes nothing, but... Let's come back to... I want to finish answering your question. So now we are at...

700 billion for a credit score, 800 billion, 850 billion for home ownership. So now we're at 1.6 trillion. And if we buy one trillion of the businesses, that's 2.6 trillion. And AI, you'll be able to start a million dollar business for 50 bucks with artificial intelligence. That's another trillion in 10 years. At 3.6 trillion. And I didn't mention the government one single time. Why are we spending half of our time screaming at the TV.

about the federal damn government when it's the largest reality TV show in the history of mankind and every day is a new episode and they're trying to keep you distracted from the facts every day. Clean your credit school. Do what you can control.

Take care of your kids. Volunteering your local school. Take care of your credit score. Do something. I mean, damn, I'm just tired. That's why I said earlier, I'm just so tired of going to my comments section of Instagram.

That's where I comment mostly. You know, I get every week at like three, four million views. I've had a billion views in the last two years, and I'm honored by that. But I get tired when I go to my comment section and some raggedy, ain't done nothing person wants to argue with me about success. Shut your ass up.

Shut up your ass up. No, I'm going to see it. Shut your bitch ass up, man. Shut the fuck up, man. You don't know what you're talking about, man. Don't you see the man about business? God damn. Get your credit.

go right. When I'm around Ambassador Young, I'm going to talk about civil rights, a range of issues. I shut up and listen, man. He'll talk for an hour. I'm just ear hustling. It's an icon. He's done it. I haven't. He's got his scars. He's got his stripes. I'm hustling. I'm listening. When Tony Wresting my billionaire friends talking, I'm listening. That's the first person told me you make money during the day you build wealth in your sleep. That's one for you. Make money during the you only build wealth in your sleep. When Bishop T.D. Jake talks about faith, I shut up and listen. When T.I. was telling me about how to produce an album or whatever,

I'm shutting up and listen. That's what they do. I can go on and on and on. But when I'm talking to you about financial literacy and free enterprise and capitalism and business, shut the fudge up and listen. Why are you arguing with me? You ain't done shit. Have you had a $100 million credit line? I have. If you got a $200 million loan on a deal that you did, I have if you directed $5 billion with the capital?

I have. So if you have not done a nine-figure transaction or you don't have two fingers in your pocket, shut up. Tell me about that. How you do that? What do you have to do? Which part?

When you show up to get, just we start out small with the $100 million loan. I talked on the way here, by the way. I did something. I don't want to talk about it right now. I made one stupid mistake. I can't talk about at the moment. I will be talking about it soon.

But I made a mistake. I signed something I shouldn't assign, which shows you everybody makes some mistakes. I signed a personal guarantee to something because I trusted somebody that's now going to cost me $1.6 million. But the blessing is that I can afford to do that without a blanket.

I will pay it. I made the mistake. I can't blame the white man or the system. No, no, no, no. my dumb ass signed it. Got ahead of yourself. I got ahead of myself. I should have sent it to my attorney.

I sent everything else to my attorney. But on this particular case, I got relaxed. And I was feeling all warm about the whole situation. But it's a lesson. Well, in this situation, it just takes a great transaction and turns it into a very good transaction. But it's a lesson. That education of $1.6 million, which I can afford to pay, I will never make that mistake ever again.

So it's fine with me. What lesson did you learn from it, though? I know, I mean, I understand it. Slow down. The money. Slow down. Slow down. Shit.

Business is never personal. So slow down. If you put a solution on a problem, before the problem is ready to have a solution, you just create a bigger problem. Let the game come to you. Listen. Now, I didn't do what I just told the audience. I said, shut up. And listen, I didn't do that.

I was running my mouth and talking. And these people were manipulating my good feeling about this whole situation, and I agreed to some shit that I shouldn't have. What I should have done is sent that, and I was doing a little cheap probably, I should have sent that to my attorney. But I'm like, eh, I don't need to send this to my attorney.

That is the one time you make them say. People who hurt you are people who are close to you. They know you. You know them. They're not strangers. They just got a consultant fee. So this was a slow-moving train wreck. I saw it coming. The signals were all there. All I had to do was send it to my attorney. He said, John, you can't sign this this way. Let me restructure it for you. There had been the table. Everybody leaves slightly.

Annoying. they would have worked it all. But my dumb ass was like, no, I trust you. It's all good. Business ain't personal. I don't trust nobody if it's business. Now, D.C., that's what I was going to ask you. You want to go sign up at the Hope Academy?

Because I talked to him and I told him, when I got off tour, remember I told you he was about to go on tour. When I got off tour, I already talked to his people that I wanted to go through the Hope Academy. This whole process? Yeah. Okay. By the way, the same situation I just mentioned you, they owe me $8 million. So ultimately, net, net, net. Even in that situation, I'll be fine.

But success, all money is is freedom. Financial freedom. I paid a seven-figure tax bill before. I paid a huge tax bill to the state of Georgia. I think it was like $900,000. before and now I'll have to pay at some point I'll have to pay this this this this grad school education all right but you know the beautiful thing is I'm at a point in my life where none of it bothers me that's what you want that you just whatever it is when you got

the power you don't need to use it you just keep it moving step over mess and not in it and you let that be a lesson and you rise to the next occasion and you never have to repeat that lesson ever again. And when you are the right spirit and God's behind you, God has blessed me so much. I can't be upset about that. I mean, the guy that comes from nothing

and 1.6 don't bother me. As a right-off, come on. I love paying taxes. That mean I made money. Money. In other words, we got it twisted. Don't avoid the tax man. He's coming for you. I'd rather owe my mama than the IRS. They are coming

for you. And then compounding There's nothing more gangster than the IRS and that compounding interest of 30 or 40 percent. No, no, no, no, no. Just consider the IRS your partner. To get into them. Just give them a little more. Just give them their cut. That's your partner in business.

And they're funding the schools. If you want to feel better about it. They funding the police. They funding ambulance service and hospitals. If you want to feel good about it, think about what the government is doing. When you pay property taxes, you funding the police and all that. So when you pay property taxes, you fund in the police. All these taxes are funding.

the infrastructure. So it's a partnership. And as long as they're doing their part, by the way, when I did pay that huge tax bill, I wrote like 30 letters to get those potholes fixed from the air, from the, from the, from the freeway. Oh, yeah. You got to write. Oh, and they did

it, by the way, from the freeway to my house. I say, you're going to fix every pothole. If I'm paying this money, now it's personal. But the cement, right here. All right. Nobody washes rental cars. Ownership matters. Nobody washes rental cars.

You'd be the nicest, in the planet. You rent a car. You drive for two weeks. Come on. You don't run it through the car wash. Hell no. You don't even fill it back up. You drop it to the owner. You drive down the street. You tell which houses are rentals. Grass ain't correct. Grass is up to your eyeballs. Mailbox crooked. Fence don't close. I remember the first house we owned. One five five five oh two. One five five zero two South Freely Avenue. comp in California, I think it was 90221. And I didn't even own it.

My mother owned it. It was the first house we bought. Think about this. You can remember the address of the house you own. You don't remember the rental address? It's not yours. We have got to become owners of our mindset, of our self-esteem. First of all, we've got to heal.

So we've got to stop the bad I-NGs. Drugging, drinking, deal, you know, sex thing, text, shopping, not dealing, there's probably a bunch of other I-NGs. Everything in balance is cool. Got to keep fucking on the table. Please don't take. Please don't have a lot of that.

I got to talk. I got to fuck. I got the paper dude. You're going to leave smoking. They got to do you smoking now. All things in balance. Alcohol and balance will lower your blood pressure. Right.

drugs in balance are prescribed. I mean, everything in balance, sleep in balance, gives you rejuvenation for life. For sure, for sure. In balance. But the ING we need is healing because literally an addiction is a response to the emotion you can't handle.

An addiction is a response to an emotion you can't handle. So you're burying yourself in some shit to avoid the reality of the real shit. And that's how they get us. Because that's when you go back to the hood. You see the check cash in the rent-owned stores, the payday lenders, and all this short-termism, the liquor store, the fast food restaurants, it's dopamine.

It's instant gratification to put you to sleep. Now, this is what if we were going to ask you? With me in D.C., we were talking about this. Y'all got me worked up on you, you had no coffee. See? You know what I'm saying? You were dead. You don't need that.

Remember, we was outside talking just now, and we talk about it often. You talk about the next generation of black professionals. those business owners, homeowners and stuff like that. Like, we know a lot of our peers who are in the space where they have taken the first three steps. They got the 700 credit score. They went and got the house loan. Now they got the property and they don't know the next step.

What's the next step for those people who, like I said, who on step three of five or three of ten? So this is not a criticism. This is a critique. Okay. We confuse busyness with business. You cannot own a business and not understand a balance sheet. You cannot own property and not understand what the depreciation schedule is.

We don't want to deal with the details and we don't want to, oh, that's some boring. No, the reason that a recording artist and movie stars and actors who are right-brain, creative geniuses go broke is they say, nah, I don't want to deal with that shit. No, it's the music business, dope, the business of music. It's the entertainment business. It's the business of entertainment. You cannot get into one and not understand the other.

that somebody's going to rob you in broad daylight because business is not person. Huh? On every turn. They're going to separate you from your wallet because you're not paying attention. I don't want to... There's a certain person in boxing right now. Yeah, we know.

Who is in deep trouble and faking it like he's not. And look, I don't care how much money you make. You can spend it. If you're outflow sees your inflow, then your overhead will be your downfall. And if you're going to wear one set of sneakers a day and throw them away, you are a fool. If you're going to get a private jet for you and another private jet for your friends, another private jet for your girlfriend, you are a fool. In fact, you shouldn't be paying for a private jet.

The private jet should be paid for by a corporation with a cash flow tied to it, and that's an limited liability corporation and tied to a deal you have with whoever I, I heart, or wherever it is, and you fly on a jet for free. That's how you fly on a jet You don't got to own it You should not be coming out of your cash flow It should be, it should not be coming out of your 1099 income Knock it off Stop all this blossom How you get the jet on their expense again?

My man is fucking You gotta know the people You have to have you a rich friend And then you buy in like 10% And then you advertise it for the free Because you're the superstar And then they just, you know, you split the calls And you don't really owe nothing

So that's one of the answers If you see yachts, a billionaire in a yacht, it's a limited liability corporation. It's tied, it's probably structured as a remote office for their four-product company. They're writing it off as a business expense. Yeah, you take clients out two times a year, you're good. And when they're not there, they're chartering it. That means you let somebody use it while you ain't used me. Who pay you.

So now, because we have a place in Turks and Kicos. It's a limited liability corporation. I bought it $2 million. It's not worth $4 million. The monthly mortgage is covered by the rental income when we're not there. We made agreement with, I don't mention the, I don't want to say so much that people know where I live, but we made agreement with the company that when we're not there, you rent it out.

And they said, you can't come. We prefer if you don't come on Christmas. Christmas. Could they be the biggest time for you? For sure. Don't come on New Year's. Come in June, blah, fuck. By the we're going to make you some money. Right. Yeah, by the way, again, no flosset. Right, right.

Happy Pride Month, Toronto. Pride is an opportunity for you to create your own space, to celebrate your existence. IHeart Radio is proud to be an official sponsor of Pride Toronto Festival and we won't stop. Celebrate Pride. Turn up the love and listen to IHeart Pride Canada.

24-7 radio stream and the only playlist you need for your Toronto Pride celebrations. Pride is so great because it gives a whole bunch of people this visibility that they've never had before. We have a ton to celebrate Toronto. Happy Pride. Iheart Radio. Hey, I'm Hoda Kotby, host of the podcast, Joy 101 with Hoda Kotby. Together, we're going to have meaningful conversations with the world's most fascinating people. Like when actress Olivia Munn shared how she overcame fierce health challenges. I've gone through breast cancer and then helped my mother through breast cancer, and that was more difficult.

There's a lot of people who understand postpartner depression. I was not prepared for postpartum anxiety. Listen to Joy 101 with Hoda Kotby on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. All right, listen up. The Jonas Brothers here. Our podcast is called, Hey Jonas. We've here, since everyone has a podcast, we want it to as well.

And we've had some incredible guests so far. And now our good friend, Nile Horn is joining the show. How's it going, boys? Hey, Niall. It was the same thing with Slow Hands. The old hands is not about anything else really, is it? You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done.

You too, Joe. Drop what you're doing and listen to Hey Jonas on the IHeartRadio app, Apple Podcasts, or wherever you listen to your podcasts. And it's a ton of exciting to me because their new star is Javier Cichorito and that's from Mexico. Everyone sees me as a football player, but before anything else, I'm human. Every single day I'm still learning how to live with problems, mistakes, relationships, emotions ever since I was born. And I still have so many questions. Where do we come from? What happens after death?

How do you deal with cancellation? Cristiano or Messi? Do aliens exist? What is love? Real Madrid or Varsa? From every day and ordinary to the deep and extraordinary. This isn't a normal podcast. Everything here is spontaneous, real and genuine. This podcast is like a deep talk with your closest friends where vulnerability comes out. Conspiracy theories end up on the table. And goals and lessons are shared. All in this life has an order

perfect and everything is just. Wait, me, I'm here to connect. We are here to connect. The Chicharito. I'm Javier and together with IHA Radio. We're going to make the ordinary, extraordinary. Stay close. It's a carac.

Wow. Listen to learning to be human on IHard Radio, Apple Podcasts, or wherever you get your podcast. Don't come on 4th of July. Don't come on Thanksgiving. It's business. Don't come on Christmas. We love you.

John, don't come on New Year's because that's when we make the most money. Right. It's not for you. Right. Please don't come. Right. Now, we can't force you not to come. It's your shit. It's your shit. But please don't come. Right. So we're like, cool. March 3rd, motherfucker.

Yeah. Because December 15th is just as good as Christmas to me. And the Caribbean is correct. They should come away and go crazy. January 15th is just as good as New Year's to me. I got no problem staying home. For sure. For sure. So, the moral of that story, the mortgage is paid, the insurance is paid, all 100% of expenses are paid,

I just paid for a car that will sit in Turks and Kicos based on the residual leftover income from the unit. I get it for free. And we go there once every, whenever we get, you know, once every six weeks or something,

and all I'm not even paying for plane tickets because I travel so much. I got, you know, I don't know, some crazy number of points on Delta. So I get first-class tickets for me and my wife. The whole trip, wealthy people are cheap, people. Using them mild, bud. Ain't we tight?

Huh? $4. $4.00. That's a hell of a school of snooking. I got no money. I was at $5th Plaza today, and I pulled up, and, I mean, the only way to sell this right is it just sounds flossy, but I'm making a point. My favorite car is a Bentley, uh, uh, uh, uh, uh, a little way to sell this.

Flying Spur Limited Edition. It's a four-door. I love this car. The car I drive. And I pulled up. He's been trying to talk yourself how to buy one.

No, if you got to think about it, don't buy it. No, I only bought it when I never think of it. I don't think about it. No, it wasn't that because I would think about a photo or two, though, that way. Okay. But, please, before you do it,

please talk to me. I got a car. Don't buy a new one, by the way. Do not buy a new. Can I tell you that? I don't know. I don't buy new cars. I don't buy anything.

I don't buy anything. You're going to start listening to me, motherfucker. I sat on by new shit. Do you want to hear this story or not? Yeah, absolutely. Go ahead. So I pulled up, and I didn't want to go to the valet, but I was only going to be there for 45 minutes,

but they had the whole thing conned off. It wasn't nobody there. The whole thing's conned off. There was no place to park, so I forced me to drive my ass up into the valet. Brother there, like, I saw the sign. $40 for whatever, valet river. I said, man, you don't get or stay wealthy.

Giving away money, I don't want to give you $40 for an hour. I mean, you said like a nice guy. I don't want to give you $40. And clearly I can afford. And I went through this hole and literally I was aggravated. $40 is a triggering number for black men. I was told me. Except when you're buying pussy.

My bad. I got nothing to do with that after comedy. My bad. So Homeboy said, Homeboy said, he said, look, I know who you are. I know who you are, watch your videos, you just showed me, you just proved to me you're real, right? Right.

You know, he said, look, can you just take care of me? I said, look, man, I'll give you 20th, just because you're a nice guy. Cool. So he parked my car in the same place where the $40 parking was. Right. I'm happy.

Remember? Back to the, a good negotiation, everybody leaves slightly annoying. Right. And I, you know, I went in, hit my deal and I came out, he threw me the keys.

I gave him his $20. Everybody had, but I'm not giving you $40. That's flossing. By the way, I don't care where you parked my car. I'm not giving you $40. I'll drive around next car. Hey, bro, I ain't going to lie, bro. You ain't give me that father, bro.

It's funny because he would have gave him $10. Oh, no. I would have to give him a double. He would have to put me right in the front. I need to be by the door. But our broke people, our broke people will spend $40 for that valet. we're going to spend a Louis Vuitton, a Louis Vuitton purse weekend. Look at the lines at Louis Vuitton.

It's us. Loan. Do you know that 70% of all luxury goods are poor people and middle class people? 76%. 76%. Go look at the don't trust me. Go to the mall next time and look who's in the line. By the way, I'm not telling you not to buy it.

I'm saying your ass this cannot be on your ass. I couldn't do it. It didn't look good. It's got to be for motivation. First of all, I'm not saying on anybody's fine. It'll be clear about that. I'm not saying anybody's right. It can be for motivation.

But if I got, look, I've got, I like nice things. Right. But if I have to think about it, I'm not buying it. If I got to ask, what's the payment, all that stuff. By the way, you never ask what the payment is when there's an interest rate attached. You ask what the interest is. I just saw this, this brother, a hellcat.

Hey, yeah, yeah. I just bought. No, no, you're not this kind of hell cat. This was $3,500 a month. No, hell no. No, he got that mon fuck. No, no. It was something, it was,

for like 72 months. Yeah. $3,500 a month, do that math at 20% interest. Shit. He bought five cars. He bought a penalty. Should have been on fable mom.

He played with me. It was a 2023. Wilder. And he was on social, bragging, flossinging about. how the lady who sold it to him said he put $2,000 down and $3,500 a month. They had $5.20 credit school.

And she said, tell all your friends to call me so they can be fools, too. She can say the fools part. We have got to drop this off. Wow. That shit crazy. Wow. Y'all don't do it with me yet? No.

Hell no. We love here in this shit. They go on. Keep on. They wanted the money shit. They wanted the down payment. Hey, man, let's put the book up. When my credit got straight, they just threw the keys.

I was like, yeah, you can come do that shit late on. Let me tell you something. When I bought my mama, then when I knew the game was fucked up. They didn't ask for nothing. Just the signature. But then when I knew the game fought up, this is how I know that some niggas don't understand, right? By the way, all the proceeds in this,

don't know, I know. My nonprofit. We hear shit in the rap songs and the rap lyrics and thinking, like, that's what we get our financial literacy front. So all that buying shit off the lot, who, woo, woo. So before I even bought a car or anything, I went and bought my mom a car. Okay.

Paid cab for it. Baud on Mercedes. I'm thinking I'm doing something. I think I did something for my credit. No. Because I didn't pay the motherfucker. I was thinking all they care about as a nigga paying for the car.

I went and tried to go get a car. You know, with my entries were, they wanted to charge me 40 to. So my credit was forced up. But then when I don't know, I'm good. I didn't pay me. I tell me, my dad. They like, that ain't got nothing to do with that.

And it did. Nothing for your credit. When you paid that, You're paying 42% interest. You will never even get to the principal. But I'm glad that you acknowledged this. You know what I'm saying. By the way, I was where you were.

I was homeless when I was 18. My car got repoed that they were looking for. They never found it. But I was driving around. They couldn't find the repo man. But I had a repo on a Montero Jeep when I was 18 years old. I was homeless. I lived in that Jeep.

And my interest rate was about 36%. So just so you know, and my credit score was toe up and the flow up, it was 400. So I have been there, I've been at the bottom, and I've been at the top, the top looks, I'm just telling you, the top looks like a hell of a lot better. And rainbows only follow storms. If I had told you not to do that, if you hadn't done that, and I gave you some lecture about financial literacy and you shouldn't do that, you would roll your eyes.

I would say, but fuck what you're talking about that, my mother's going to go buy that in there. And you still would have had 36 months left still. But you know what, if I were a new better, motherfucker would say, now, don't do that. Give them half front front. you feel what I'm saying? Work on the payments for a year and a half so you could build your credit.

Very good. Then you would have done some. I'm thinking they only care about the money. It was the system and the process. So let's deal with this right now, everybody. Money's nothing. Right. Yeah, I said it.

What are we obsessed with? I want to get that bag. I want to get that cash. I want to get that dollar. I want to make that money. It means nothing. Right. Money is nothing more than an exchange of value.

I could say, tell you what, I'll take this, I'm going to give this, this Yeti thermos for that hat. And if you say yes, we've just exchanged value. I can take your hoodie right in the back of it, pay to the order, $50, put my routing number, my account number, sign it. You take that hoodie off, take it to the bank branch. They need to go back and huddle and call their lawyers and figure out where they are under a legal obligation to cash your hoodie.

because it's technically a check. Well, seeing you at the jail one. All I'm saying is we get obsessed with this money thing. It doesn't mean anything. You need wealth. Stocks, bonds, homes, real estate, businesses, cash flow. Gold. Special metals.

You need assets and it cannot be on your ass. So what do we do? What we have never done? Get a will. Get an insurance policy. You want some generational wealth? My brother here on the cameraman, he's probably late 20s, early 30s. Is that right?

Insurance. 30. So you're in good health. I can tell they'll give you a million dollar policy for 75 or 100 bucks a month. A million dollar policy. You have a child yet? Yes. You put the, you create a will, you put your child's name as a beneficiary of that million-dollar policy.

I don't know how long are you going to live? I damn sure know you're going to die. It's not a mystery. So I hope you live a long time. But if you get, if something tragedy strikes you in 15 years, an accident or whatever, your child's an instant millionaire. That's generational wealth. Everybody can do that. No more fish fry, please.

Let's stop doing GoFundMe's to bury somebody. I am tired of $25,000 a GoFundMe campaigns to bury somebody. It's meant to start a business. If you have a health policy, you work for some company. Buried in the fine print of every health policy is a death benefit. Yep. For $25,000. I know it because as an employer I pay it.

From the company? Yeah. So we're doing these GoFundMe campaigns for nothing. If you work for any responsible company, government, whatever, in the details of the health insurance policy in the fine print is a death benefit. They're supposed to give you $25. $25,000, which pays for all burial expenses. Hey, I want them.

I think they work for it. I'm just tired, man. I mean, we're not doing the basic shit. What did I miss? I'm talking about our employee. We'll be thinking, you know, if we're getting Twitter 5,000. We'll put some on that morpun. We didn't make you Twitter.

Okay, I said a normal employer, man. You ain't going to be having a free. I didn't say who. Freelounds. What about freeliance? That's about $2,000. 1099. 1099.

is not included. 1099 is an independent contractor. Now, if all the people watching, though, just let them know what they can catch up with you at and where they can get the book. You can get the book anywhere online. It's a bestseller on Walmart. It's a bestseller on four categories on Amazon.

It just came out on audiobook. I read that myself in my own voice. It's a bestseller. So you can go anywhere online, Barnes & Noble's, black bookstores have it. I'm about to get mine signed. Black bookstores have it. And I hate to be racial here, but...

It's the Carlos, K-A-R-L-O-U-S. All the white folks buying the book. They want to see what the fuck you're talking about. I want you guys to buy it. For sure. Want to see what John's talking about. He knows about the civil rights movement. More importantly, you...

Capitalism. Capitalism. L-O-U-S. Yeah, L-O-U-S. I hope this has been something, enjoyable, entertaining, you know. All of it. the above. Is there something that jumps out?

We got any questions from the floor? So basically capitalism is just hustling for real, for real. It's a legal hustle. It's a legal hustle, right. All a drug dealer is, is an illegal, unethical entrepreneur. He's part of the capital. Import, export, finance, marketing, wholesale, retail, customer service, security, territory, logistics, HR.

Gotta have a legend. A drug dealer, I mean, a gang leader is a frustrated union organization. So we have a lot of talent in our community. Focus on the wrong shit. Focus on the wrong shit. We got you some more good gifts too. Oh, I got some gear, man. We got you.

Cool. Thank you. Can I get something for my wife too? Absolutely. I can't go empty-handed. I got to give her something. We got something for the wife. For sure, for sure.

I'm willing to pay. Small, medium. Yeah, we got you. Is there any questions or something that's jumped out at you guys from the night that made this worthwhile? Day one, get your credit right,

Philips, ladies and gentlemen. What did you say badly? Oh, yeah. Yeah, we can get you straight. Get your credit right, man. You go to the bank and ask for these loans and figure out what you're able to get with your financial situation. And my boy who's doing a camera work for it, man.

He's a big fan of your work right here. He's been watching a lot of you. Oh, much respect. You need me chees since you got here. You know what gives me hope? And you guys are partially responsible for it, by the way, because a lot of our stuff went viral since I was here last. You guys and Charlemagne Cam Newton.

There's a lot of Steve A. Smith, there's been a lot of folks. When I do see it, you know, people say, stop me when my white brother's sister stopped me, I know they've been watching CNBC but black people stop great. It's all you guys. Anyway, I can't go anywhere and it's a beautiful thing

even at the mall today. I can't go 10 feet. But that means that our people are getting the memo. That means that we want to make smart sexy. That means you got to keep coming back. You're going to be our financial economic teacher in the neighborhood, guy.

Pride is like love. You feel it in your heart. IR. Radio, Canada's number one streaming app for radio and podcasts, including IHart Pride Canada, your favorite hits and must have party bangers, plus personalized and curated playlists like back in the day pride. Come together, celebrate love. Take pride with you anytime, anywhere. Just ask your smart speaker to play IHartPride Canada. Stream us on your phone. Or listen now at iHeartRadio.ca. Hey, I'm Hoda Kotby, host of the podcast. Joy 101 with Hoda Kotby. Together, we're going to have meaningful conversations with the world's most fascinating people.

Like when actress Olivia Munn shared how she overcame fierce health challenges. I've gone through breast cancer and then helped my mother through breast cancer, and that was more difficult. There's a lot of people who understand postpartner depression. I was not prepared for postpartum anxiety. Listen to Joy 101 with Hoda Kotby on the IHeartRadio app, Apple Podcasts, or wherever you get your podcasts. All right, listen up. The Jonas Brothers here.

Our podcast is called Hey Jonas. We figure since everyone has a podcast, we wanted to as well. And we've had some incredible guests so far. And now our good friend, Niallhorn, is joining the show. How's it going, boys? Hey, Niall. It's the same thing with Slow Hands. Slow Hands is not about anything else, really, is it?

You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done. You too, Joe. Drop what you're doing and listen to Hey Jonas on the Iheart Radio app, Apple Podcasts, or wherever you listen to your podcasts. because their new star is J. Chittorito Hernandez. Everyone sees me as a football player, but before anything else, I'm human. Every single day I'm still learning how to live with problems, mistakes, relationships, emotions ever since I was born.

And I still have so many questions. Where do we come from? What happens after death? How do you deal with cancellation? Cristiano or Messi? Do aliens exist? What is love? Real Madrid or Varsa?

From every day an ordinary to the deep and extraordinary. This isn't an unorganary. podcast. Everything here is spontaneous, real and genuine. This podcast is like a deep talk with your closest friends where vulnerability comes out. Conspiracy theories end up on the table and goals and lessons are shut. All in this life has an order perfect and everything is good. Wait me. I'm here to connect. The Chicharito. Oh Javier and Chicharito Hernandez and together with Iha radio. We're going to make the ordinary, extraordinary. Stay close. It is a carac. Wow. Listen to learning to be human or IHard Radio, Apple Podcasts, or whenever you get your podcast.

That really big class. Kim, what you got? Yeah, it's a great question. I'm going to subtext it and say, I'm going to give you an answer in three parts. It's credit, understanding what's behind credit, which is capitalism, which we're still having this dumb-ass argument about. I mean, if you go to my comments sometimes, people just want to spend all this time arguing about, We want to destroy the capitalist system. You're in the capitalist system.

They don't know who they're talking about. Can we just please knock it off? Like, I don't have time to go back. What are we going to do? Spent another 200 years, rebuild? I don't know. This is making any sense to me. Like, you are in the system.

Let's upgrade it and make it work for us. Please, please, I'm begging you. So we're arguing. We're arguing about money. The Bible says, by the way, The number one thing mentioned in the Bible, more than 2,000 times is money. Money's not evil. It's the love of money that's evil.

It's the greed. Can we please stop it? Like, you can't run a church without donations. You can't run anything without money. Can we please knock it off? So the first thing is mindset. There's a difference between being broke and being poor. Being broke is economic.

Being poor is a disabling frame of mind, a depressed condition of our soul, and we must vow never to be poor again. They got us so messed up PTSD. We're angry. We're frustrated. We wake up on survival mode. We're distracted. And if the right side of your brain shuts down, that's where creativity, that's where hope, well-being, belief, joy, confidence, empathy, love. that's where all the juicy stuff is.

If you stress the fudge out, if you piss the fudge off, this shuts down. You can't get to the left side of your brain, which is where logic is. So we don't make logical decisions because we're angry and emotional and you should never make an emotional decision ever.

Whenever you make an emotional decision, it's going to be fucking wrong. Impulse. Excuse me, fudging wrong. Impulse. So we live on our impulses, we're depressed, We haven't healed.

We argue about basic shit. We need to knock it off. And then we need to understand money is not evil. And credit is good. There's good debt and bad debt. Good debt is tied to something that appreciates. Bad debt is tied something that depreciates. Financing jewelry is bad debt.

Financing tennis shoes is bad debt. Financing vacations. It's bad debt financing a ticket to a concert, which we are doing. It's bad debt. We keep asking what's his payment. You know, financing a hell cut at $3,500 a month, which is going to depreciate like a rock. It's depreciated when you bought. By the way, before, I'm coming to come into your question.

This is a great question. I'm going to stay with this for a second. A car dealership is three businesses. The least valuable, the least problem. The second most profitable, the finance department. That's where you went. The third most profitable, I'm sorry. The first most profitable, I'm sorry.

The least profitable, the third most profitable is sales. The second most profitable is finance. The first most profitable was maintenance. They can't wait for you that car to break down. They can't wait for you to drag your ass back into that dealership. So, because you need the car. And they're going to hit you with a bill that's going to make your eyes bulge. And then if you default, they go repair it for a fraction of the cost and sell it to somebody else.

Three businesses are a car dealership. So you think you're doing something when you get that price down and then you relax. And you go into finance office. You're all happy. And you think the person over there is your friend, hey, Joe, yeah, you want a beer. You like some water. You know, you have some chips. Again, you're all relaxed.

so they can eat you alive. And what you're not paying attention in is they made up the discount on the price when they hit you with the interest rate because they're in partnership with the financial companies. And your credit is tall up when the flow up. Otherwise, you'd have walked in with an approval. You follow me?

So they were going to offer you before you got the discount on the price. They were going to offer you 15% interest and what's called three points, which is a fee that they get at the dealership the 3% of the purchase price. But because they don't like your attitude, because you press them,

they told a finance company, charge them 18%. And I'm going to collect five points. And then they say, do you want a, you want a warranty? And do you want a, you want a maintenance contract? And do you want to, you know, they got all kinds of stuff.

And you want the no rim, no rim, bumble, you got a bottle of money. And then we got these flow masks that don't get dirty. They're going to let you give it. Sensory's back. Exactly.

You end up a third of the purchase price. You just wrapped up in interest and crap. And the car is going to break down. It's not Mercedes is Mercedes payments. Now, let's go back to your great question. Please hear me, everybody. People tell you that debt is evil is wrong. Sorry, not it is, are wrong.

There's no successful city. There's no successful. county. There's no successful millionaire. There's no successful billionaire. There's no successful country. Please hear me. There's no successful company that did not do it on the back of good debt.

What's the difference between good debt, bad debt? Interest rate in terms. So, I had a line of credit. I don't remember what year it was, but late teens, Like a $75,000 dollar line of credit. It was lazy. Somebody offered to me.

I was doing some stuff around the house. I said, yes. I didn't want to use my credit card anymore because I was using my Amex to pay for everything. By the way, credit cards different from a charge card. A charge card you pay every month. I don't want to assume anybody knows this stuff. Don't show them you call it, OG.

No, he niggas to zoom in and get hold, polls. I want to inspire people. Better hide a number, man. These nins go to zoom in gang, 10. They already figure that out. So that's, that's, you know what that is? Black coat.

No limit on it. Right. I can technically buy the building. Right. So I charge every month on this card six figures. Right. And then my different departments, different companies reimburse me, their portions of this, and then I pay the bill. In full.

You got to pay it in full every month. So every month I pay six figure. credit card. What days do you allow? You know, some folks say only you 30%, but since you got a limit, there ain't no, you ain't got no 30%. So again, great question. That's a credit card. A charge card, I mean, in my case, there is no limit. But a charge card, they will set, they say, you have, look, you have a $3,000 spending limit or whatever it is, you can charge up to this. By the way, a debit card is not a charge card.

A debit card is a, I'm snatching your stuff right now out of your bank account. card. Anybody old enough to remember floating checks or am I the only person in here? No, I don't remember checks. My man, you know floating check? You'd write a check and you would write it and sign it and mail it.

And you knew it would take three days to get to them. They deposit it. Take another three days and go to the system. They only do deposits on Thursday. You don't bought yourself a week. That's right. You can bar yourself. You got to go run around make somebody.

Postated checks. Yeah. Y'all don't understand. You don't understand. So now the modern version that is a debit card, but that's instantaneous. They take the money right away. Okay.

A charge card is, I'm going to give you 30 days to pay this off. That's an amex card, a diner's card. A credit card is like Visa MasterCard that give you a certain limit and you have a rolling balance and you make many people make minimum payments, which I don't agree with. On that, you're right. You want to charge only 30% of the available credit. Now, people make this mistake. They say, if I have a $10,000 limit,

that's better than having a $1,000 limit, not necessarily. If I have a $10,000 limit but a $9,000 balance versus a $1,000 limit and a $300 balance, the person with a $1,000 credit card and a $300 balance has a higher credit score than the person with a $10,000 limit and a $9,000 balance

because you have more leverage and more debt. You follow me? Right, right. Right? It's a basic thing nobody teaches you. So, I'm not sure what point was I making. I was talking about good, dead, and bad. Right.

So I had this line of credit for $75,000, make a law story short. My payment was about $2,500 a month on this line of credit. And I was lazy about it. I didn't really pay attention to it. It was convenient. I was tired of using my black cards. So this was an actual credit card. This was no, it was a line of credit.

It was a line of credit. I forget what they call. It wasn't a homemaker the line of credit, but it was a credit card that was designed for the home. Okay. And I was using my Amex card to do, my wife was doing some household stuff,

and I thought it was about 50 grand. And I just, I want to put this on a segregated card. It comes me $2,500 a month is my point. Now hold on to that. I'm talking to one of my very, very wealthy friends. At that point, much more wealthy than I was. Again, shut up and listen. And I was rich, he was wealthy.

Now I'm wealthy. but he was uber wealthy. He said, what are you doing? He said, John, just go get a line of credit. Interest rate is 3% back then, 2 to 3%. Go get a line of credit. At this point, it was a million five line of credit. The payment on the million fine line of credit

was $500 a month. What did I just tell you? The $75,000 line of credit was called $2,500 a month. The million was $15 million line of credit was costing me $1,500 a month. That's the game. I'm going to get another one. And you guys should do this. Go open a stock account.

You got $25,000, you got $50,000, you got $100,000. You're doing a concert, whatever, you get a bunch of money. By the way, think about taxes. I'll talk to you about how to deal with that in a minute. But think about, okay, you got to take $100,000 to say $100,000 for you, $10,000 for you in the audience, or $5,000. Go open a stock account. Buy conservative stocks.

Do not do cryptocurrency. Do not do crazy stupid stuff. Go buy stuff you use. Go to Walmart. Go buy Walmart. Whatever you use, buy it. You like, this is Ferragamo shoes. Buy Ferragamo stock.

Whatever you love, you like Gucci, buy Gucci stock. If you like it, everybody else likes it. Follow me so far? Yeah. Okay. Buy stuff you use. You like, go look at your appliances in your house. Black and Decker.

Black and Decker. The car you drive, buy that, buy Ford. Whatever it is you like, everybody else likes it. Buy that stuff, do not sell. You then go back and ask for a margin account. Now you're the bank of Carlos. Right. This is gangster.

So now you have a, in this example, you have a $100,000 stock account. Right. And they're going to match a hundred. No. They're going to give you a line of credit for 70% of your boundaries. Okay. For now it's $70,000. 70 grand. You're not going to use 70 grand. You're not going to leverage yourself because if the market comes down, you're in trouble.

But you're going to use $30,000, $40,000 up to $50,000 of that. And you're going to charge yourself. They're going to charge you about 4% to 5% interest rate in the current environment. That's the cheapest money you'll ever get and you're your own bank. And this is the gangster part. The money is still making money. Did you get that? Right. You're borrowing from yourself. You're the bank of Carlos. You're getting the lowest interest rate possible. And while you're borrowing from yourself, the stock account is still making money full.

Making money through the stock market because the companies are still out there performing. Did you guys get that? This may be the most important thing I said. I got a 1.5 line of credit, but I just went to got a margin account and use my 1.5 line of credit as leverage to get the margin account.

No. Just the other way. around. Let's say you have, let's say you have a million dollars that you don't, that you're sitting in a bank, earning nothing. Nothing. You take that million dollars and you put it in a stock account. S&P 500, right? You only invest in conservative, boring stuff. Gold and the sats and all that. Yeah. Boring stuff. Conservative. You then ask whoever sponsored the margin account, Truis, J.B. Morgan Shays, Wells Fargo, Santander, Bank, Bank, Regions Bank, Fidelity.

Fidelity. Right. Infidelity. Right. Whoever sponsors it, right, you ask them, so my family office is with

Rockefeller. Right. Rockefeller, as in the Rockefeller family. So you ask them for a margin alone, a lot of credit. It's called a margin account. You then

use your lot. your lifestyle, you make your lifestyle purchases on that line of credit. Now here, and they're going to charge you below market interest, this is a gangster move, one, for your, for your loans against yourself. Meanwhile, the best people in the world on investment, while you're here doing your performances, while you're traveling, I'm going to tell you, you make money during the day, you build wealth in your sleep. These people stake their whole careers on making the market go up. And you can do that, and you can do that again once the,

once you pay that loan off. Heart Radio is throwing it back. 2010s, the decade. To the days of huge hits and unforgettable albums. A non-stop stream of the biggest and best. Drake, Rihanna, Beyonce, Katie Gaga, the weekend. And more.

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All right, listen up. The Jonas Brothers here. Our podcast is called Hey Jonas. We've here, since everyone has a podcast, we want it to as well. And we've had some incredible guests so far. And now our good friend, Nile Horn, is joining the show. How's it going, boys? Hey, Niall.

It was the same thing with Slow Hands. Slow Hands is not about anything else, really, is it? You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done. You too, Joe. Drop what you're doing and listen to Hey Jonas on the IHeartRadio app. Apple Podcasts or wherever you listen to your podcasts. And it's in front of exciting.

Because their new star is Javier Tichorino Hernandez. Everyone sees me as a football player. But before anything else, I'm human. Every single day, I'm still learning how to live with problems, mistakes, relationships, emotions ever since I was born. And I still have so many questions. Where do we come from? What happens after death?

How do you deal with cancellation? Cristiano or Messi? Do aliens exist? What is love? Real Madrid or Barza From every day and ordinary to the deep

and extraordinary This isn't a normal podcast Everything here is spontaneous real and genuine This podcast is like a deep talk with your closest friends Where vulnerability

comes out conspiracy theories End up on the table And goals and lessons are shared All in this life has a order Perfecto and

all is just Waitemme I'm going to I'm going to connect The Chicharito And Javier Chicharito

Hernandez And together with Aica Radio We're going to make the ordinary Extraordinately. Stay close. It is a carac. Listen to learning to be human

on IHad Radio, Apple Podcasts, or wherever you get your podcast. It gets better. If you sell an asset, you owe taxes. Capital gain. Capital gains. But if you get a loan against the asset,

you don't pay taxes. In fact, you write that loan off against your taxes and get the benefit back twice. Because you're paying a bill. That's why I'm gonna tell you what I'm giving away a bunch now I can get comfortable you even gonna go now hold it back Hold on so you say let me look I don't roll it down I said margin to camp

Don't use butter get margin Mm hmm mm-hmm By the way I wish we had a wish we had a wish we had a which we had a What's there a butter knife here or knife here no knife yeah we got a if you had a knife let's assume this is a knife right you can use a knife the butter bread or you can use a knife to cut somebody we're using the knife

for the wrong damn purpose tool and a weapon that's it we again if you're survival mode if you're angry at the world the only purpose for that knife for you

is to cut somebody stop being angry if the butter knife meant the butter bread damn it now let me tell you the real gangster move wealthy people don't want income

I'm gonna break this down to you I don't know why. They still are. When Warren Buffett said, my receptionist pays more in taxes than I do, that's because he does not have an income. You mean to break this down? So what he's sending that money to? His secretary gets a paycheck. Remember, I told you Second Reconstruction was cashing the check.

Third Reconstruction is writing the check. Warren's the writer. The secretary is the contract. casher. She gets a 10-9, she gets a W-2 withholding statement that has local state and federal withholdings. She gets a paycheck every two weeks because she's in a risk management form of capitalism. She's not taking the risk of Warren Buffett. She knows as long as Warren Buffett's companies in business, she's going to get paid. So her risk is lower. Her income is guaranteed, but she has no upside in Burscher or Hackleway. Am I going too fast? This is really important.

This is like, of everything I've said, this is it. She's in capitalism. Everybody is. But the lower you are on the totem pole, the more your guarantees of a regular something, the lesser risk. The higher you go up with the total poll, the more your risk, the less your guarantees, but the higher your upside. The greatest form of a risk taker is me. I'm an entrepreneur. I roll it all every day.

If it works, it works. If it doesn't, what did I tell you? On the way here, I lost $1.6 million. I'll be fine. But there was a time of $1.6 million would have taken my ass completely out. Right. So most people are like, I don't want to do that thing that John Bryant is doing. My payroll is $2 million every two weeks.

My payroll. It doesn't include me. So most people are like, you know what? I admire that John Bryant guy. That's just too much going on. He works 18 hours a day, and it sounds all cool, but I just want to come home at six. I want to go in and find.

How Warren avoided that? Huh? How Warren avoided that? Okay. My name just wants me to cut to the end. All right. The Secretary is paying taxes of 38 to 45. Try to see what Warren did.

Right. Okay. Warren Buffett only pays taxes when he sells an asset. is called capital gain is 20%. And he only sells assets once every five years or so. So what he's doing with the income? And in the meantime, he's taking loans against his assets. He takes loans against...

Which are tax deductible. He's taking loans against... Are you hearing me? Are you hearing me? Get the stock. Huh? Don't you repeat this? No, I was talking about he asked what Warren do for his income.

His income is in the... All billionaires, all billionaires, when you phrase that, no billionaires on an income. Right. I mean, on salary. None. Right. They hate billionaires, centa millionaires, $100 million. People have $100 million.

Multi-millionaires do not like income because it's taxed at the highest rate possible. 38 to 50 percent. We're doing federal, state, and city. Capital gains is 20 percent. automatic. Capital gains is when I buy this book for 25 bucks and I sell it for 50 bucks, the capital

gain of 25 bucks that's different. I pay 20% on the gain. But I mean, I sell this for five years. In the meantime, I'm taking a loan against the asset to finance my lifestyle. That's the margin account. And I write off

the loan because if I fail, I got to pay the loan anyway, but if you know who you are, you don't think you're going to fail. You're banking on yourself. Now, some people are going to listen to watch and say, see, I told you those rich people who don't pay no taxes. Lie. 70% of all U.S. taxes are paid by people like me.

70%. We pay less in traditional taxes, but the big checks we write for capital gains and property taxes and sales taxes are through the roof. So should So they think that y'all is avoiding tax If not knowing that you got a $100,000 dollar property tax that you got to pay

That's right. My property tax bill on my house Just one of my houses is $25,000 Just on one of my houses. That's the Fayette County loves that And I got more I mean I got a bunch of I got to pay every year So no one's getting away with anything

You just it's just how you decide to play this game But people who are not from financially illiterate, just assume, well, why are rich people paying nothing? No, they're paying nothing because they don't have an income. They don't want an income. I am trying to transition right now from, I build up cash flow, but now I want to get rid of it. You follow me? Yeah. I've built up cash flow, and by the way, I have enough expenses to offset my cash flow so that sometimes I get a tax refund. Really?

Yeah. And sometimes it's neutral. I just had enough. Don't owe. I don't owe. But when I owe it six figures, I mean, it's six figures. But, you know, you do it right. But my real goal is to not, to get to a point where I have no income.

It is as low as possible. I'm working off of my capital gains, which means you have accumulated enough assets that they're always dropping every few years to sell. The whole purpose of a company is to sell it, by the way. We don't have time for all of this. Well, you're going to come back on a Saturday morning, we'll do a whole seminar and shit. Seminar and shit? Because, yeah, the whole seminar.

I'm glad you brought it up because it's black men. And shit is the most important part of whatever you sing. That's like in several. It's just invite me somewhere, and it ain't no and shit going on. By the way, say, we're having a cookout. Say we're having a cookout and shit. My brother Howard Hewitt from Shalimar. We love this word, situation.

Everything's a situation. You know that situation? You know, remember that situation? You know, that little situation. You got that little situation. But I was in a situation. But I don't know. What about that situation?

I'll be happy to come back. The last part of this interview is everything. If you can just get that as successful people want, I try to get something for everybody here. By the way, this is just 200 pages of math, by the way.

It's 200 pages. There's no possible. There's no emotionalism. It's just math. And I want you to read it. If you don't like the book, you send it back to my office in Atlanta with the receipt and with your postal postage calls, I will write a check back to you for the cost of the book and your postal costs.

I'll donate the book to a library and give you your money back. That's how much I believe that if you just get to the preface, the preface, which is after the forward, just read the preface. If the preface does not have your head spinning backwards, put the book down. That's how gangster, I believe it is. But there's these little hacks in life, these little success hacks, these little these little features of capitalism and free enterprise that once you get it, once a light comes on, you can't sleep because you're like, I figured this thing out.

I have finally figured out how to make this system work for me versus making the system work me. Right, God damn. I ain't never working again. No. Why ain't say all that? I'm just saying I ain't going to be an employee again. Well, there you go. You know, I'm not going to shit.

I'm just saying I ain't going to have to be there at 815, like they said. Right. Talking about you got your 15 minutes to eat a little sandwich. I never, I ain't going to have to wear a shirt that match nobody else's shirt. Oh, shit, no. That's you that. But what if it's a big fortune 500? But I'm saying that it's going to have my name on that motherfucker.

I figure that. Not unless me and John Ho-Bron started company or something, but they ain't. You can fuck with that shit. Fuck all that, man. Do you know how good it feels to tell people when you come to Atlanta stay at my hotel? I don't know. How can we do that?

Is it part of the bomb war? Is it part of all that? We got to get in. Hotel Phoenix, right? The 10 of the yards I talked about I'm an investor in that. Man, go tell your business. Tell them folk put us a VIP together.

You can't. Grand Hill's an investor. That's fine. I ain't about any. You got no comedians. You got. We ain't got Grand Hill money, but I mean, between two of us

That look, we got 10.50. We can get in with the buy-hand on if y'all get in with us early enough, but we can raise some capital and let us fuck with some capitalism. What I'm what I'm saying? We ain't going to even tell everybody we got a little piece of. Just put our name on the cornerstone. You know what I'm saying? And we ain't got to be our name, B 85,000.

We ain't tripping. Hey, room five. You getting your, everybody back here want their book sign, man. I'll be honored. Like you said, man, we know your time is valuable, and we appreciate it every time you stop. All right. All right.

Your best out. Chair, host Brian! You did. Yeah. You come get your book signed, man. Yeah, I'm fuzzling with it, OG. You can be the first one to sign out of a new table, man. Oh, okay.

Oh, my God. I'm going to get my credit clean. Your credit ain't clean? I don't think folks know how to do this shit. It's just simple, like what he said. It's really that. Joy is essential and it's also elusive. But now, there's a new and exciting way to start your journey

toward a more joyful existence. Joy 101. It's a new podcast hosted by me, Hoda Kotby. If you're craving inspiration to maximize your joy, tune into these candid, uplifting, and moving on-air chats. Open your free I-Heart Radio app. Search Joy 101, and listen now.

Joy 101 with Hoda Kotby is presented by CVS. All right, listen up. The Jonas Brothers here. Our podcast is called, Hey Jonas. We're here, since everyone has a podcast, we want it to as well. And we've had some incredible guests so far. And now our good friend, Nile Horn, is joining the show.

How's it going, boys? Hey, Niall. It was the same thing with Slow Hands. Slow Hands is not about anything else, really, is it? You know, or taste so good can't be about food. You do the same, Nick, with some of the stuff that you've done. You too, Joe. Drop what you're doing and listen to Hey Jonas on the Iheart Radio app, Apple Podcast, or wherever you listen to your podcast.

This is Michael Rappaport, and my podcast, the I Am Rapaport Stereo Podcast, is unlike anyone you. ever heard. If you're looking for strong opinions about sports, entertainment, politics, pop culture, and whatever else catches my attention, then subscribe now. This kid Jafar Jackson should absolutely positively get nominated for his portrayal as Michael Jackson. Listen to I Am Rap Report on the I Heart Radio app, Apple Podcasts, or wherever you get your podcast. June is Black Music Month, and on the Drink Chams podcast, we're speaking with the hottest names in the culture like Sway Lee. Do you realize how legendary you are?

I appreciate that. I'd be seeing it, but I'm like, man, I still got like so much more to do. Like Prince, he dropped like 30 albums. We dropped like five right now. Like, that's the rate we got to be going. Yeah, that's a good attitude. No matter the era, Drink Chams brings you the biggest names and the most unfiltered conversations. Listen to Drink Chams from the Black Effect Podcast Network on the IHeart Radio app, Apple Podcast, or wherever you get your podcast. This is an IHeart podcast.

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