1
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Surviving mindset, thriving mindset,

2
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winning mindset. Winners are built.

3
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I can look at you,
I we just met, but I can.

4
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I read people fairly well.

5
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We're not human beings
having a spiritual experience.

6
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We're spiritual beings
having a human experience.

7
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Energy matters.

8
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I can look at you and tell you, you had
somebody who told you they loved you.

9
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Like I look at you,

10
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I can look at you and tell you
you have both self esteem and confidence.

11
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Those two things are different.

12
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If you believe
we can change the narrative.

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If you believe,
we can change our communities.

14
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If you believe we can change the outcomes
and we can change the world.

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I'm Rob Richardson.

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Welcome to disruption.

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Welcome to the discussion.

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Now I'm your host and moderator,
Rob Richardson with me.

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I'm honored to have John Hope Bryant,
entrepreneur, philanthropist,

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author of many books, advisors
to many presidents, and author,

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author of his latest book, financial, 
Financial Literacy for all, which I have,

22
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which I'm currently reading. I've.

23
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I've definitely looked up to him.
I'm sorry.

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I'm on breakfast Club and many others,
and many other, segments, including CNBC

25
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and many others.

26
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And he is definitely a disruptor.

27
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He's disrupting, struggles, you know,
particularly for, African Americans

28
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and having to accept struggle,
particularly when it comes to finances

29
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and is working to empower all. John.

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Pleasure
to have you all disruption, brother.

31
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My honor to be on with you. Rob.

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I can't hear him. We need to set the mic.

33
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On to be with you.

34
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It's nothing.

35
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I got a little bit of sound issue here.

36
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All right.

37
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I can't hear my mind.

38
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Brother. Brother.

39
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Boom boom. Testing. One. Two, three.

40
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All right, so let's get that.

41
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Let's, Yeah, we got it.

42
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We doing?

43
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Now, give me a second.

44
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Audio test.

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Test. Do the test for test.

46
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The speaker. Is that right?

47
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I can hit test it. Test.

48
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I can't hear that. No.

49
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One. Two. Three.

50
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Trying to. Hear it.

51
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I can hear, I can hear it.

52
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I can hear him now. John. Yo. I'm here.

53
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All right, you're here.

54
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Sorry about that.

55
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So good
to have you on. Pleasure to have you on.

56
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So yeah, I really want to start with,

57
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you know,
kind of going into your journey, I,

58
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I kind of see that you started off with,
that your that your mother was kind of.

59
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From what I could tell,

60
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she was kind of your source of inspiration
when it came to entrepreneurship and,

61
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and, hiring your father started off,
you know, very early on in the segregated

62
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South, actually, 
becoming, entrepreneurs pretty early.

63
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and then reverted back, through,
I guess, divorce and other issues.

64
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I wonder, like, what did that
how did that moment, like, really shape

65
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your life in terms of what you do now,
when it comes to financial literacy?

66
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well,

67
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you said a word, as I'd say the community,
when you talk about my mother,

68
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she wasn't the source of my
of my inspiration for entrepreneurship.

69
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Actually, she
she didn't want me to be an entrepreneur.

70
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Oh, really?

71
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Okay.

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Wanting to get a job. She.

73
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She was tired of worrying about me,
so she she really wanted me to go to work.

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If I if she had her druthers,
she would have had been working at

75
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McDonnell Douglas Aircraft,
where she worked, which became Boeing

76
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aircraft later.

77
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but she was a premier saver,
premier investor.

78
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she was financially literate.

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She had a credit score over 800.

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It was in the mid 80s back in the day
when they a50 that

81
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that schedule
that's that score doesn't exist anymore.

82
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But there was a time we went up to 850.

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She was eight over 850. she.

84
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And when she said she bought a car,
she meant cash.

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That was her name was her
name was one of the smith she passed on

86
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last September is been promoted.

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so she.

88
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But most importantly, she told me
she loved me every day of my life.

89
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And, there's nothing more powerful in
the child being told that they're loved.

90
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I can tell that somebody told you.

91
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Absolutely. Loved you.

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I can tell you
I can look in your eyes and see that

93
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you can always tell
when somebody was well loved.

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And if you want to find a good man,
it said, find a man who had a great

95
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relationship with his mother

96
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to find a woman,

97
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find a woman who has a great relationship
or had a great wish with her dad.

98
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Now, you can have relationships
without that.

99
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But it's it's an easy cheat sheet.

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If you find somebody
who had a great relationship with their,

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really the opposite sex, if you will,
in the relationship of a parents,

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it gave them something that they didn't
have naturally, as a male or female,

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and it gave them respect and consideration

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for that opposite, sex.

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Also, my dad was he was a businessman.

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He was an entrepreneur.

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He ran a traditional business.

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It seemed a contracting business,

109
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but he was a hustler, in the family
and my grandfather.

110
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So as Johnny Smith,
my dad, my grandfather, R.B.

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Smith, was a sharecropper.

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And my second great grandfather,
George Young,

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fought in the Civil War
in the Black Lives,

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as a result of the Emancipation
Proclamation signed by Lincoln,

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he was assigned as one of 7000 officers
in the US

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black troops, in, Memphis, Tennessee.

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And, so that's where I got my freedom
fighter, social justice bonds.

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And then my business bonds, again,
came through.

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My grandfather
and my dad and I became an entrepreneur

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almost as a new feature
in our family lineage.

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As, you know, to be an entrepreneur
a little bit, be a little bit crazy.

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and my dad wanted freedom, but he.

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I think he wanted it in a box
he could recognize.

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And that's nothing wrong

125
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about entrepreneurship.

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But because of the courage that my dad, my
mother had, he gave me expanded courage.

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and really, courage is, you know,

128
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courage is, your faith
reaching through your fear,

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displaying itself as action in your life.

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And, 
I was just standing on tall shoulders.

131
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Had great reason to be courageous.

132
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because of the the seasons

133
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that came before me.

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So, you know, it is a lot of role
modeling that went on before me.

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That's really what you're talking about?

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Yes. Both in in the form of love
where mother gave me, you know what I did?

137
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At one point, I owned 700 homes.

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I sold the company Promised Homes Company
two years ago.

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I'm a passive shareholder now,
but I sold the company, but I grew.

140
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It grew from 0 to 700 homes, about $150
million.

141
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And asset value, where my mother owned

142
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seven homes
and my grandmother owned a shotgun shack.

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So I'm

144
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so I'm curious, also, like you said, that
it wasn't your obviously your parents,

145
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your background gave you the strength
and the courage to go out here and disrupt

146
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to be an entrepreneur,
which is a crazy thing to do

147
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no matter who you are,
where you come from.

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But what inspired you to
to seek out this path and to

149
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and to get on this path

150
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when you you definitely
had examples of courage,

151
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but not necessarily examples
of entrepreneurship?

152
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Yeah.

153
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I became convinced at nine years old,

154
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that freedom had changed in America.

155
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it had always been this way.

156
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But people of color, in particular,
black people, either didn't recognize it

157
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or it wasn't introduced to us,
or it was snatched from us as a pathway

158
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for it was denied
us, of us, as a pathway forward.

159
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So we use the government,
we use the thing that was in front of us.

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We use the thing that had worked
as a lever to get freedom

161
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through civil rights,
which made perfect sense, the 1800s and,

162
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through the 1900s, you know, Doctor King,
the prophet of the 20th century,

163
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my mentor, Ambassador Andrew Young,
who built the city,

164
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that I'm sitting in now,
Atlanta is the only international city

165
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in the traditional South.

166
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Did that by leverage,
pulling the levers of government?

167
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I so I understood

168
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why my black brothers and sisters
relied so much on it.

169
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But at a very early age,
I began to understand

170
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also that of the hundreds of ethnic groups
in America,

171
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only blacks, African-Americans,

172
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poor whites

173
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who are now riding at the ballot box,
by the way,

174
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they write to just differently,

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poor whites and Native American Indians.

176
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All three of those groups
did not use a free enterprise system.

177
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two of those groups, two of those groups

178
00:08:45,066 --> 00:08:48,432
relied exclusively on the government for,

179
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redress and, access the.

180
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But all three of those groups, 
got left behind.

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And, the number one
group dying in America today,

182
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high school educated white men,
people don't know that number one group.

183
00:09:03,899 --> 00:09:07,432
Now, the number that the number one group
dying is white men.

184
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Number one, drop it. And dropping dead
today.

185
00:09:10,366 --> 00:09:12,299
It's been this way for a decade.

186
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high school
educated white men dropping dead

187
00:09:16,532 --> 00:09:21,599
like this because it's opioid addiction
and other disease.

188
00:09:21,699 --> 00:09:24,632
Really? It's it's it's it's depression.

189
00:09:24,632 --> 00:09:25,232
It's lost.

190
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Oh, yes.

191
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And, in this same group are angry and
they are riding, riding at the ballot box.

192
00:09:31,432 --> 00:09:36,166
They didn't have a spokesman for,
you know, I don't know, 70 years,

193
00:09:36,366 --> 00:09:39,232
50 years
at least since the Industrial Revolution.

194
00:09:39,232 --> 00:09:42,632
And then my tripped up and decided
that I decided

195
00:09:42,766 --> 00:09:46,332
I tripped up and became their spokesman
for their frustration.

196
00:09:46,899 --> 00:09:49,032
And now they are they are on it.

197
00:09:49,032 --> 00:09:51,766
They are out here saying,
I will not be denied.

198
00:09:51,766 --> 00:09:57,666
And you can't and you can't be angry
at them for being frustrated and angry.

199
00:09:57,666 --> 00:09:59,332
Their anger is not a strategy.

200
00:09:59,332 --> 00:10:01,532
Anger is not a business plan.

201
00:10:01,532 --> 00:10:03,632
It doesn't work for black people
in right in the streets.

202
00:10:03,632 --> 00:10:06,366
It's not going to work for my poor whites
when they write in the,

203
00:10:06,366 --> 00:10:07,699
in the ballot box.

204
00:10:07,699 --> 00:10:10,799
But it feels good in the short term.

205
00:10:10,799 --> 00:10:12,099
And there's somebody always

206
00:10:12,099 --> 00:10:15,599
willing to stand up
and fan the flames of your frustration.

207
00:10:15,966 --> 00:10:19,399
But it is, it will it,
you know, you will find us the North Pole.

208
00:10:19,399 --> 00:10:20,199
You end up south.

209
00:10:20,199 --> 00:10:22,899
It does not last.
So I kept looking for something.

210
00:10:22,899 --> 00:10:25,666
I like math
because it doesn't have an opinion.

211
00:10:25,666 --> 00:10:27,932
That's a melody. Hobson quote.

212
00:10:27,932 --> 00:10:31,666
And, 
when I looked at the math of the matter,

213
00:10:31,666 --> 00:10:35,466
the the details,
I kept doing the process of elimination.

214
00:10:35,466 --> 00:10:39,866
I kept, you know, I would look at our
I grew up in South Central in Compton.

215
00:10:40,366 --> 00:10:40,632
Right.

216
00:10:40,632 --> 00:10:44,299
And, I'd see our folks just dying
are getting killed.

217
00:10:44,799 --> 00:10:47,132
They're brilliant. Yeah. Not with us.

218
00:10:47,132 --> 00:10:50,099
I witnessed two murders before
I was nine years old.

219
00:10:50,099 --> 00:10:51,799
And the death of our family.

220
00:10:51,799 --> 00:10:52,766
That worth.

221
00:10:52,766 --> 00:10:56,199
Before I was nine years old,
it was all over money.

222
00:10:56,699 --> 00:10:59,032
I was nine years old. I think this is.

223
00:10:59,032 --> 00:11:00,432
This is where you're getting to.

224
00:11:00,432 --> 00:11:06,332
I believe I was nine years old
and a white baker came into my classroom

225
00:11:07,232 --> 00:11:10,299
and taught
financial literacy in Compton and,

226
00:11:11,532 --> 00:11:14,499
I might as well have met a martian.

227
00:11:14,499 --> 00:11:19,199
I mean, what do you do about the form?

228
00:11:19,232 --> 00:11:21,999
He came in once a week for 45 minutes.

229
00:11:21,999 --> 00:11:24,765
He wore his normal business suit.

230
00:11:24,765 --> 00:11:27,732
Yes, it's business arts in 16 floor.

231
00:11:27,732 --> 00:11:30,299
There was no 16th floor in Compton, right?

232
00:11:30,299 --> 00:11:34,099
I'm the only thing that was above
the sixth floor at all was the courthouse.

233
00:11:34,599 --> 00:11:36,099
It didn't go to 16 floors.

234
00:11:36,099 --> 00:11:37,899
And that was prophecy, folks.

235
00:11:37,899 --> 00:11:40,899
For criminal, supposed criminal acts.

236
00:11:41,165 --> 00:11:41,599
This guy

237
00:11:41,599 --> 00:11:45,465
worked on the 16th floor in some office
building that went beyond the 16th floor.

238
00:11:45,932 --> 00:11:47,499
And he had
he was there in the middle of the day.

239
00:11:47,499 --> 00:11:49,732
My mother couldn't show up
unless I got in trouble.

240
00:11:49,732 --> 00:11:51,765
She had two breaks in lunch every day.

241
00:11:51,765 --> 00:11:53,665
She was an hourly employee.

242
00:11:53,665 --> 00:11:56,132
I raised my hand in class.

243
00:11:56,132 --> 00:11:59,965
What do you do for a living
and how did you get rich legally?

244
00:12:00,699 --> 00:12:04,099
We still he said, I'm a
and I finance entrepreneurs.

245
00:12:04,099 --> 00:12:06,065
Entrepreneurs.

246
00:12:06,065 --> 00:12:07,399
That that was it, man.

247
00:12:07,399 --> 00:12:11,499
Was it that was it
that that that's the demarcation, Mark.

248
00:12:11,565 --> 00:12:14,699
I said, when this white man
came to my classroom and I said,

249
00:12:15,565 --> 00:12:17,199
how did you get rich legally?

250
00:12:17,199 --> 00:12:18,999
And he told me this, and I said,
wait a minute.

251
00:12:18,999 --> 00:12:23,465
And if I get your jobs to little poor
people money, that's your job.

252
00:12:24,099 --> 00:12:24,699
Yeah.

253
00:12:24,699 --> 00:12:27,699
And if I don't pay you back,
I don't get dead.

254
00:12:27,899 --> 00:12:31,365
No. Like, you know, I'm not going to
murder you because you notice a default.

255
00:12:31,899 --> 00:12:33,165
Yes. In your piece of paper.

256
00:12:33,165 --> 00:12:34,865
If I don't pay you back. Yes.

257
00:12:34,865 --> 00:12:37,532
You know, you're crazy. What's credit?

258
00:12:37,532 --> 00:12:39,765
It's he. Explain that to me, right? Yeah.

259
00:12:39,765 --> 00:12:40,499
Okay. Wait a minute.

260
00:12:42,132 --> 00:12:44,865
are there
any other people like you in the country?

261
00:12:44,865 --> 00:12:47,699
Oh, my God, there's
10,000 banks back then.

262
00:12:47,699 --> 00:12:50,799
there's got to be at least
a million bankers in a country.

263
00:12:51,065 --> 00:12:53,399
Whoa, whoa. Slow down.

264
00:12:53,399 --> 00:12:56,699
You mean to tell me there are a million
people running around this country

265
00:12:57,099 --> 00:12:59,799
and your job was a loan?
Poor people. Money.

266
00:12:59,799 --> 00:13:02,799
Well, we're about to be disruptive.

267
00:13:03,165 --> 00:13:04,465
That's so.

268
00:13:04,465 --> 00:13:05,599
So, judge.

269
00:13:05,599 --> 00:13:06,665
Hey, there it is.

270
00:13:06,665 --> 00:13:10,865
Yeah, I'm preneur
and one of my five positions, which was,

271
00:13:10,899 --> 00:13:14,399
you know, me for operation
Hope is disrupting

272
00:13:14,765 --> 00:13:18,132
access to capital, and access to credit.

273
00:13:18,699 --> 00:13:20,199
Access to credibility.

274
00:13:20,199 --> 00:13:23,332
the word credit comes from the Latin word
credito.

275
00:13:23,332 --> 00:13:24,299
Credibility.

276
00:13:24,299 --> 00:13:27,932
The word capital comes from the Latin word
copy to us, knowledge in the head.

277
00:13:28,299 --> 00:13:29,999
In banking is a trust business.

278
00:13:29,999 --> 00:13:31,465
You need credibility.

279
00:13:31,465 --> 00:13:34,965
So you have more capital
so that you can access

280
00:13:34,965 --> 00:13:36,465
and build a relationship with the bank.

281
00:13:36,465 --> 00:13:39,432
So they then open up their vaults
and lend you money

282
00:13:39,432 --> 00:13:43,565
because there's not a billionaire ever
that didn't do it on good debt.

283
00:13:43,899 --> 00:13:44,699
That's right.

284
00:13:44,699 --> 00:13:44,932
Yeah.

285
00:13:44,932 --> 00:13:50,332
There's not a big, GDP country where
the gross domestic product income is ever.

286
00:13:50,632 --> 00:13:52,732
Then they didn't do it on good debt.

287
00:13:52,732 --> 00:13:55,299
All these conversations
about how much debt we have,

288
00:13:55,299 --> 00:13:57,865
you folks need to knock it off.
They they say no.

289
00:13:57,865 --> 00:13:59,032
I mean, people say you shouldn't

290
00:13:59,032 --> 00:14:03,032
buy a home telling poor people
don't buy a home on TV.

291
00:14:03,032 --> 00:14:05,899
Those fools own a home
telling you not to own a home.

292
00:14:05,899 --> 00:14:07,165
It's crazy that they own a home

293
00:14:07,165 --> 00:14:09,465
and they probably own several other
homes they rent to somebody.

294
00:14:10,665 --> 00:14:11,365
Amen.

295
00:14:11,365 --> 00:14:13,932
And I and I will. Yeah, I own the company.

296
00:14:13,932 --> 00:14:18,465
That was the you know, one was a big
it was the biggest owned by minority.

297
00:14:18,899 --> 00:14:23,399
and I would tell
people do not rent from me

298
00:14:24,265 --> 00:14:28,365
right away from me, do it for a short
period of time and get out.

299
00:14:28,599 --> 00:14:31,232
Right. Used to work at McDonald's
your whole life.

300
00:14:31,232 --> 00:14:33,632
You shouldn't work at Walmart
your whole life.

301
00:14:33,632 --> 00:14:36,665
You can if you want to, but if you do,
make sure you get promotions.

302
00:14:36,999 --> 00:14:39,999
Like my CEO, my friend,
the CEO of Walmart, Doug Graham,

303
00:14:40,199 --> 00:14:43,565
who goes way to India right now,
he worked at Walmart, but he's a CEO.

304
00:14:43,999 --> 00:14:45,499
You know.

305
00:14:45,499 --> 00:14:48,465
I wonder though, like, I want
I want to get to I want to read

306
00:14:48,465 --> 00:14:51,699
quote your quote earlier
because I think it's it speaks to

307
00:14:52,299 --> 00:14:55,099
what we're talking about here,
that this should be something

308
00:14:55,099 --> 00:14:58,565
that is the things you're saying is
not it's not rocket science.

309
00:14:58,565 --> 00:15:02,565
Like, like like you like math a card,
from your friend Melody Hobson.

310
00:15:02,565 --> 00:15:04,732
Because it doesn't have an opinion.

311
00:15:04,732 --> 00:15:06,732
I think the the issue is that, though

312
00:15:07,732 --> 00:15:10,199
we are not this is not a logical thing.

313
00:15:10,199 --> 00:15:11,265
It's deeper than that.

314
00:15:11,265 --> 00:15:14,399
you know, money is the problems
with money are deeper than that.

315
00:15:14,399 --> 00:15:16,899
They go psychological, they go emotional.

316
00:15:16,899 --> 00:15:19,899
So where can one start? Yeah.

317
00:15:19,965 --> 00:15:20,665
Where does one start?

318
00:15:20,665 --> 00:15:23,665
What's the root of the issue
when it comes to money

319
00:15:24,065 --> 00:15:26,232
healing?

320
00:15:26,232 --> 00:15:27,732
Tell me more.

321
00:15:27,732 --> 00:15:30,399
Well, I mean, what is the.

322
00:15:30,399 --> 00:15:31,865
Well, there's three ways to live.

323
00:15:31,865 --> 00:15:36,465
And this is from, the, the book,
the memo, and then my book, from nothing

324
00:15:37,065 --> 00:15:40,599
sort of give you this
these, these, demarcation marks.

325
00:15:40,599 --> 00:15:44,365
And then my last book, Financial Literacy
for all, is literally your workbook

326
00:15:44,365 --> 00:15:49,532
for your family and yourself and
and get yourself, your own balance sheet

327
00:15:49,532 --> 00:15:52,865
and income statement, and building wealth
and not just making money.

328
00:15:52,865 --> 00:15:55,865
Those two things are different,
but there's three mindsets.

329
00:15:56,199 --> 00:15:59,299
The surviving mindset is
I put this memo in the memo,

330
00:15:59,532 --> 00:16:02,265
which is the memo
we never got about how the system works.

331
00:16:03,332 --> 00:16:06,599
Surviving mindset, thriving mindset,

332
00:16:07,732 --> 00:16:10,132
winning mindset. Winners are built.

333
00:16:10,132 --> 00:16:13,332
I can look at you,
I we just met, but I can.

334
00:16:13,399 --> 00:16:14,499
I read people fairly well.

335
00:16:14,499 --> 00:16:17,199
We're not human beings
having a spiritual experience.

336
00:16:17,199 --> 00:16:20,032
We're spiritual beings
having a human experience.

337
00:16:20,032 --> 00:16:21,699
Energy matters.

338
00:16:21,699 --> 00:16:24,699
I can look at you and tell you, you had
somebody who told you they loved you.

339
00:16:24,832 --> 00:16:26,199
Like I look at you,

340
00:16:26,199 --> 00:16:29,265
I can look at you and tell you
you have both self esteem and confidence.

341
00:16:29,265 --> 00:16:30,699
Those two things are different.

342
00:16:30,699 --> 00:16:32,799
to might put that into you.

343
00:16:32,799 --> 00:16:34,532
You also have good role models.

344
00:16:34,532 --> 00:16:37,399
You wouldn't select them yourself.
I can look at you and tell.

345
00:16:37,399 --> 00:16:40,265
I can look at you that you wake up
in the morning and you're hunting.

346
00:16:40,265 --> 00:16:42,698
Yes, you're you're hunting.

347
00:16:42,698 --> 00:16:45,598
You're a hunter. And that's a builder.

348
00:16:45,598 --> 00:16:46,365
so you

349
00:16:46,365 --> 00:16:49,598
so I can tell you that a somebody's
mindset, I can tell you that you've

350
00:16:49,598 --> 00:16:53,132
already graduated to a thriving mindset,
which is a which is a middle class,

351
00:16:53,398 --> 00:16:57,798
which is, you know,
that's about access to your jobs and.

352
00:16:57,865 --> 00:17:00,032
Right, they kitchens and how.

353
00:17:00,032 --> 00:17:02,065
How do you move from that survivor?
I've never been in it.

354
00:17:02,065 --> 00:17:05,798
So I don't really and I've been to your
to your point I've been extremely blessed.

355
00:17:05,965 --> 00:17:06,832
Like, yeah.

356
00:17:06,832 --> 00:17:10,632
Like, people have tried
to put limiting mindsets into me.

357
00:17:10,632 --> 00:17:14,198
The story I tell people often
is that I struggled in school early on,

358
00:17:14,498 --> 00:17:19,565
and I, and I, I was diagnosed with ADHD,
which is really not a disability.

359
00:17:19,565 --> 00:17:20,732
It's a learning difference.

360
00:17:20,732 --> 00:17:21,765
but,

361
00:17:21,765 --> 00:17:24,732
you know, the teachers tried to say
that I wasn't going to be a great student.

362
00:17:24,732 --> 00:17:27,298
And I decided one day in my life
that I was going,

363
00:17:27,298 --> 00:17:28,765
I said, look, I'm
going to achieve in school.

364
00:17:28,765 --> 00:17:31,298
And I told this to my eighth grade
teacher, and she essentially told me,

365
00:17:31,298 --> 00:17:33,998
that's not going to be possible,
Robert, like, you're a horrible student.

366
00:17:33,998 --> 00:17:35,198
That's what she told me, right?

367
00:17:35,198 --> 00:17:36,932
And I was close to this teacher.

368
00:17:36,932 --> 00:17:39,398
I went home
and I talked to my mother right.

369
00:17:39,398 --> 00:17:41,998
And she gave me the words.
I say this to everybody.

370
00:17:41,998 --> 00:17:45,732
She said, listen, Rob, 
you never have to be

371
00:17:45,732 --> 00:17:48,865
defined by anyone's low or narrow
expectations of you.

372
00:17:49,132 --> 00:17:53,898
You define yourself or yourself
by yourself and let God do the rest.

373
00:17:53,932 --> 00:17:55,698
And hence,
that's been the story of my life.

374
00:17:55,698 --> 00:17:57,298
So but I was blessed to have that so

375
00:17:57,298 --> 00:17:58,998
but like for people
don't necessarily have that.

376
00:17:58,998 --> 00:18:00,965
Where do they start? John.

377
00:18:00,965 --> 00:18:01,665
So Quincy.

378
00:18:01,665 --> 00:18:04,298
So Quincy Jones would say another role.

379
00:18:04,298 --> 00:18:07,998
My mentor, a friend of mine,
not one ounce of my self esteem

380
00:18:07,998 --> 00:18:10,565
and self-respect
depends on your acceptance of me.

381
00:18:11,498 --> 00:18:12,298
we'll say that again.

382
00:18:12,298 --> 00:18:12,765
I say it again.

383
00:18:12,765 --> 00:18:14,998
Doesn't like drop go,
go saying say it one more time.

384
00:18:14,998 --> 00:18:19,065
Not one ounce of my self esteem
or self-respect

385
00:18:19,832 --> 00:18:21,998
depends on your acceptance of me.

386
00:18:21,998 --> 00:18:24,432
I would say to argue with the full pros.

387
00:18:24,432 --> 00:18:28,965
There are two that life is 10%
what life does to you and 90% are you.

388
00:18:28,965 --> 00:18:31,032
Choose to respond to it.

389
00:18:31,032 --> 00:18:35,298
That success is going from failure
to failure without loss of enthusiasm.

390
00:18:35,832 --> 00:18:38,832
that if I don't like me,
I'm not going to like you.

391
00:18:38,932 --> 00:18:41,932
If I don't feel good about me,
I'm not going to feel good about you.

392
00:18:42,098 --> 00:18:44,965
If I don't respect me,
don't expect me to respect you

393
00:18:44,965 --> 00:18:47,865
if I don't love me,
I don't have a clue how to love you.

394
00:18:47,865 --> 00:18:48,998
And the big one is,

395
00:18:48,998 --> 00:18:53,132
if I don't have a purpose in my life,
I'm going to make your life a living hell.

396
00:18:53,498 --> 00:18:56,865
Whatever goes around, come around,

397
00:18:57,465 --> 00:18:59,932
hurt people, hurt people.

398
00:18:59,932 --> 00:19:04,798
So most of us are surviving mindset
because we are depressed

399
00:19:05,365 --> 00:19:08,498
and we're depressed because of the way
this world has treated us,

400
00:19:08,732 --> 00:19:10,765
because we don't have a daddy at home.

401
00:19:10,765 --> 00:19:11,598
So we didn't have.

402
00:19:11,598 --> 00:19:17,398
So without a daddy at home, a young man
has a natural propensity to go cut up.

403
00:19:17,765 --> 00:19:20,765
There's going to they're going
to be oversexualized and overly violent.

404
00:19:20,798 --> 00:19:21,998
That's not

405
00:19:21,998 --> 00:19:23,998
that's just natural that they just
they need

406
00:19:23,998 --> 00:19:27,132
this is what they need to structure
and they need to to be told no,

407
00:19:27,398 --> 00:19:30,432
without a daddy at home, they're going
to create havoc wherever they go.

408
00:19:30,932 --> 00:19:34,898
So, a woman,
a young girl, needs a father figure.

409
00:19:34,998 --> 00:19:38,532
So if you don't have a daddy at home,
if you don't have a nuclear family,

410
00:19:38,865 --> 00:19:42,498
if there's one thing, if one person
is working two jobs and they're never home

411
00:19:42,798 --> 00:19:45,465
just because they have too much a
at the end of their money,

412
00:19:45,465 --> 00:19:48,232
if you go outside your street
and you try not to get shot

413
00:19:48,232 --> 00:19:50,532
between your house and the bus stop.

414
00:19:50,532 --> 00:19:52,332
Right? Yeah, exactly.

415
00:19:52,332 --> 00:19:52,932
Go on.

416
00:19:52,932 --> 00:19:56,632
And if you see the police as somebody
who is threatening you, not protecting,

417
00:19:56,998 --> 00:20:01,398
you see white people or somebody trying
to put you down versus to lift you up.

418
00:20:01,698 --> 00:20:02,565
then

419
00:20:02,565 --> 00:20:06,765
then you, you know, and you go all around,
and you have three generations of that.

420
00:20:07,132 --> 00:20:09,532
Yeah. Long five generations of that.

421
00:20:09,532 --> 00:20:13,465
it because it's the old southern saying,
no matter how much I love you, my son

422
00:20:13,465 --> 00:20:17,498
or my daughter, if I don't have wisdom,
I can only give you my own ignorance.

423
00:20:18,098 --> 00:20:18,332
Yeah.

424
00:20:18,332 --> 00:20:22,098
So out of love, we pass down bad habits
from generation to generation.

425
00:20:22,365 --> 00:20:25,498
And now you got some people around you
say, no, you can't do that.

426
00:20:25,565 --> 00:20:27,098
Why are you going to that school that.

427
00:20:28,198 --> 00:20:28,898
Why are you talking?

428
00:20:28,898 --> 00:20:31,032
Why go through this, all that stuff?

429
00:20:31,032 --> 00:20:33,298
So what does that mean?
We're talking white. It's crazy.

430
00:20:33,298 --> 00:20:37,432
It's like if you barely speak Japanese,
you're in Mexico.

431
00:20:37,432 --> 00:20:38,598
In Mexico? Spanish.

432
00:20:38,598 --> 00:20:40,532
You know, you're in Germany, speak German.

433
00:20:40,532 --> 00:20:41,798
If you're in America, you speak English.

434
00:20:41,798 --> 00:20:43,565
What's crazy? It's stupid.
It doesn't make any sense.

435
00:20:43,565 --> 00:20:44,665
You gotta be bilingual now.

436
00:20:44,665 --> 00:20:44,998
You gotta go.

437
00:20:44,998 --> 00:20:46,698
Yeah, yeah, yeah.

438
00:20:46,698 --> 00:20:49,698
Good. Yeah, yeah. Talk streets and sweets.

439
00:20:49,898 --> 00:20:51,698
Yeah, but. But you got to be bilingual.

440
00:20:51,698 --> 00:20:54,932
But if if that is your situation,
then you're an expert now.

441
00:20:54,932 --> 00:20:56,665
And what you're against.

442
00:20:56,665 --> 00:20:59,632
Yeah. That's what you're for. Yeah.

443
00:20:59,632 --> 00:21:02,565
And and so now
you've got a surviving mindset

444
00:21:02,565 --> 00:21:05,565
and your self-esteem,
your assets on your rear end.

445
00:21:05,932 --> 00:21:07,698
I can't say what
I really want to say, but.

446
00:21:08,698 --> 00:21:09,832
And so you

447
00:21:09,832 --> 00:21:12,565
now you you you can
all you want to do is live for the moment.

448
00:21:12,565 --> 00:21:15,898
I want to get this money, get this paper,
get this dollar, get this bag.

449
00:21:16,098 --> 00:21:18,798
You hear this? In our neighborhood
all the time. We'll get this money.

450
00:21:18,798 --> 00:21:21,232
Money is extraordinarily overrated.

451
00:21:21,232 --> 00:21:23,665
You make money during the day,
you build wealth in your sleep.

452
00:21:23,665 --> 00:21:24,765
So if you're depressed.

453
00:21:24,765 --> 00:21:26,198
What do you make money during the day?

454
00:21:26,198 --> 00:21:27,932
You build wealth in your sleep.

455
00:21:27,932 --> 00:21:28,632
Yes, sir.

456
00:21:28,632 --> 00:21:30,398
Hope stocks buy.

457
00:21:30,398 --> 00:21:33,398
Yes. Businesses. Homeownership.

458
00:21:33,565 --> 00:21:38,832
education, things
that compound that build on themselves.

459
00:21:39,165 --> 00:21:43,498
and so 96% of our businesses,
black businesses don't have an employee.

460
00:21:43,665 --> 00:21:46,232
An employee
is as a function of compounding.

461
00:21:46,232 --> 00:21:47,998
So you're going to be in your daily
hustle.

462
00:21:47,998 --> 00:21:50,065
You're
basically a self-employment project,

463
00:21:50,065 --> 00:21:52,032
if you don't have employees,
if you don't have books

464
00:21:52,032 --> 00:21:55,032
and records and infrastructure,
you wake up every day and you're.

465
00:21:55,032 --> 00:21:58,298
Yeah, you say you run a business,
but in reality, you're just earning

466
00:21:58,298 --> 00:22:01,765
an income with a self-employment contract.

467
00:22:01,965 --> 00:22:02,932
But it seems like that

468
00:22:02,932 --> 00:22:05,932
that's why they call it
making a living versus making a loan.

469
00:22:06,165 --> 00:22:09,632
As soon as a contract is over,
you're out of business, out of business,

470
00:22:09,632 --> 00:22:10,898
and you build no wealth.

471
00:22:10,898 --> 00:22:13,798
You build wealth in your sleep. So, so

472
00:22:13,798 --> 00:22:17,198
the basic the there's a the good news
about this conversation, Rob.

473
00:22:17,398 --> 00:22:20,031
There's not a thing
I just said that's complicated.

474
00:22:20,031 --> 00:22:24,365
And I'll answer your specific question
about how is it that we got the lesson,

475
00:22:24,365 --> 00:22:25,598
how do we get out of it? Yeah.

476
00:22:25,598 --> 00:22:30,098
All the precious things I and is I said
this on the Breakfast Club shopping.

477
00:22:30,398 --> 00:22:33,698
You know when you're depression
you you overindex on coping,

478
00:22:33,931 --> 00:22:39,031
shopping, drinking, drugging,
sleeping, texting, sex.

479
00:22:39,631 --> 00:22:40,265
Yeah.

480
00:22:40,265 --> 00:22:41,165
You're going

481
00:22:41,165 --> 00:22:45,598
you know more not doing is the one
I enjoy that matters which is healing.

482
00:22:46,065 --> 00:22:46,331
Yeah.

483
00:22:46,331 --> 00:22:48,165
In order to heal, you got to deal.

484
00:22:48,165 --> 00:22:49,765
You got to deal with your mess.

485
00:22:49,765 --> 00:22:54,331
Which means you have to have self, steam
in order to deal with your mess.

486
00:22:54,331 --> 00:22:56,231
You must esteem yourself.

487
00:22:56,231 --> 00:22:58,265
But if you.
But if you're running from yourself,

488
00:22:59,598 --> 00:23:02,598
if you're if you're if
you're living your life or your Instagram,

489
00:23:02,798 --> 00:23:06,965
profile or your Facebook profile,
that's who you want the world to say.

490
00:23:06,965 --> 00:23:10,165
To know you are the word
personality comes from the Latin

491
00:23:10,165 --> 00:23:13,598
word words persona,
which means literally to perform.

492
00:23:14,031 --> 00:23:17,031
So our personality is a performance

493
00:23:17,165 --> 00:23:19,898
we're putting all over the world
against our am g.

494
00:23:19,898 --> 00:23:21,198
That's a coping mechanism.

495
00:23:21,198 --> 00:23:25,298
It is so literally, literally
everything you're doing, the code,

496
00:23:25,598 --> 00:23:29,065
everything is literally you from
from going from

497
00:23:29,231 --> 00:23:32,231
from surviving to thriving

498
00:23:32,498 --> 00:23:34,998
and to go from thriving to winning.

499
00:23:34,998 --> 00:23:37,365
And winners are builders.
That's what you are, Rob.

500
00:23:37,365 --> 00:23:38,031
You're a builder.

501
00:23:38,031 --> 00:23:41,331
You get up every day and you hunt,
and when you get up, the devil said,

502
00:23:41,331 --> 00:23:42,431
oh shit, he's up.

503
00:23:42,431 --> 00:23:46,265
So, so you've got to change your mindset.

504
00:23:46,631 --> 00:23:47,365
And that's why

505
00:23:47,365 --> 00:23:50,498
when you look in you look at you look,
I had a lot of fun on Instagram.

506
00:23:50,798 --> 00:23:51,031
Yeah.

507
00:23:51,031 --> 00:23:53,965
Just get folks
who think they're arguing with me now.

508
00:23:53,965 --> 00:23:57,498
They hitting their face or my,
they're hitting their face on my face.

509
00:23:57,898 --> 00:24:00,098
I mean, I'm
just a part of a movement of common sense.

510
00:24:00,098 --> 00:24:02,765
I'm sitting here saying what is basic?
Common sense?

511
00:24:02,765 --> 00:24:03,365
And they're trying

512
00:24:03,365 --> 00:24:07,498
to rationalize their behavior
because it's tied to a 40 year life.

513
00:24:07,498 --> 00:24:09,831
Because it's irrational.
They're tired, they're

514
00:24:10,831 --> 00:24:11,465
it's not rational.

515
00:24:11,465 --> 00:24:15,998
No, no, it's worse because
the rationalize, kill, rationalize.

516
00:24:16,131 --> 00:24:16,598
Yeah.

517
00:24:16,598 --> 00:24:20,965
This is the this is somebody right
doing this for 30 or 40 years.

518
00:24:21,931 --> 00:24:22,598
Yeah.

519
00:24:22,598 --> 00:24:24,698
I mean these coping mechanisms.

520
00:24:24,698 --> 00:24:24,998
And here's

521
00:24:24,998 --> 00:24:28,765
this guy John Ryan coming and saying now
he had to knock all that stuff out there

522
00:24:28,765 --> 00:24:31,765
like, no, I don't need to knock that all
I need to knock you all.

523
00:24:32,998 --> 00:24:35,631
I think I'm well, I want to
I want to make sure

524
00:24:35,631 --> 00:24:38,465
I get some a couple things,
but I want to talk about diversity.

525
00:24:38,465 --> 00:24:39,098
And you talk.

526
00:24:39,098 --> 00:24:41,765
About here, you can do this topic.

527
00:24:41,765 --> 00:24:44,665
I know we don't have time today,
but this topic here, Charlamagne,

528
00:24:44,665 --> 00:24:47,665
is very, you know, both very passionate
about mental health.

529
00:24:47,698 --> 00:24:50,198
This topic here could be three segments.

530
00:24:50,198 --> 00:24:51,598
Just mental health.

531
00:24:51,598 --> 00:24:54,698
We have got
we have got to deal with this.

532
00:24:54,998 --> 00:24:56,798
It is the key to everything.

533
00:24:56,798 --> 00:24:59,731
And there's too many of us
who are not acknowledging

534
00:24:59,731 --> 00:25:01,298
that we have mental health issues.

535
00:25:01,298 --> 00:25:04,565
If you black in America and don't think
you're crazy, you're a little crazy.

536
00:25:06,165 --> 00:25:07,965
I think everybody
is a little crazy in America too.

537
00:25:07,965 --> 00:25:11,231
But because we go through a lot
and I think it's, you know, the route

538
00:25:11,231 --> 00:25:16,398
of mental health from my definition is,
avoiding reality and avoiding the pain.

539
00:25:16,765 --> 00:25:19,765
And so, like we, as you say, black
America has been through a lot of pain.

540
00:25:19,765 --> 00:25:22,998
So the goal is to
if you are trying to avoid it,

541
00:25:24,398 --> 00:25:25,565
you don't deal with it.

542
00:25:25,565 --> 00:25:27,931
And then you're dealing in things
that aren't reality.

543
00:25:27,931 --> 00:25:30,998
And then that is the roots
of mental illness from my perspective.

544
00:25:31,465 --> 00:25:36,698
That's why you got 1.8, 1.78, $1.8
trillion trillion of black consumer

545
00:25:36,698 --> 00:25:40,631
spending and 91% of it is consumption,

546
00:25:41,398 --> 00:25:44,331
91% is consumption.

547
00:25:44,331 --> 00:25:46,931
We're not building wealth 41% of us
owning a home.

548
00:25:46,931 --> 00:25:48,231
No, we want to rent.

549
00:25:48,231 --> 00:25:52,198
And a place is uptown versus downtown,
a place we can't afford with money.

550
00:25:52,198 --> 00:25:54,865
We don't have to impress people
we don't know.

551
00:25:54,865 --> 00:25:56,231
You're talking about stuff
that don't matter.

552
00:25:56,231 --> 00:25:57,931
People don't want you just.

553
00:25:59,565 --> 00:26:00,965
We're just taking your rear.

554
00:26:00,965 --> 00:26:02,165
Really? Into the hood.

555
00:26:02,165 --> 00:26:06,631
Da hyphen hoodie doesn't look like 
the worst house on the best block

556
00:26:07,131 --> 00:26:10,465
by rehab it and living build equity.

557
00:26:11,165 --> 00:26:13,598
When you get enough equity 3 to 5 years,

558
00:26:13,598 --> 00:26:17,098
use the equity line of credit
and buy a second home in the hood.

559
00:26:17,565 --> 00:26:20,031
Near near transportation, near jobs.

560
00:26:20,031 --> 00:26:21,831
Every inner city is near

561
00:26:21,831 --> 00:26:24,898
essentially located real estate
in inner city in France called Paris.

562
00:26:25,298 --> 00:26:28,331
Buy rehab and rent and rehab.

563
00:26:28,331 --> 00:26:29,031
Be conscious.

564
00:26:29,031 --> 00:26:32,498
Rehab it when people who actually live
in your neighborhood plumbers, heaters,

565
00:26:33,098 --> 00:26:37,165
landscaping, techs, roofing, lighting
hire people in your hood,

566
00:26:37,165 --> 00:26:38,198
not your cousin Pookie.

567
00:26:38,198 --> 00:26:41,465
Them who don't have a talent, hire
somebody who has a skill.

568
00:26:41,498 --> 00:26:45,331
It looks like you put them to work,
give them a contract and recycle

569
00:26:45,331 --> 00:26:45,898
those dollars.

570
00:26:45,898 --> 00:26:49,031
And you do that three times
and you'll have $1 million

571
00:26:49,165 --> 00:26:52,865
net worth in five years
with a high school education.

572
00:26:53,198 --> 00:26:54,931
So there you go. Right there.

573
00:26:54,931 --> 00:26:58,598
Because you have low self-esteem,
you're you're going to the mall

574
00:26:58,598 --> 00:27:01,265
when you really need to be going
to the real estate listings, right?

575
00:27:01,265 --> 00:27:03,331
Yeah. Because you got low self esteem.

576
00:27:03,331 --> 00:27:06,765
You go into the club,
you look at that, pay $5 a bottle service,

577
00:27:07,298 --> 00:27:11,431
for some lady who, you know,
you really in the daytime and sober,

578
00:27:11,431 --> 00:27:13,498
you wouldn't
spend a lot of time with our guy.

579
00:27:13,498 --> 00:27:14,298
It is reverse.

580
00:27:14,298 --> 00:27:17,265
And what you really need to be asking
that lady is not what's, you know,

581
00:27:17,265 --> 00:27:18,398
what's her waist size.

582
00:27:18,398 --> 00:27:20,098
You need to ask her
what's her credit score.

583
00:27:20,098 --> 00:27:22,931
But because we. What's your credit score?

584
00:27:22,931 --> 00:27:25,298
What are your values of the money
your family hits?

585
00:27:25,298 --> 00:27:28,298
Your what's your and what's your
and what's and what's your vision.

586
00:27:28,298 --> 00:27:28,531
Yeah.

587
00:27:28,531 --> 00:27:29,865
What's your passion for your life

588
00:27:29,865 --> 00:27:33,265
because you're potentially
picking your life partner at a club.

589
00:27:33,798 --> 00:27:35,398
Yeah. Right.

590
00:27:35,398 --> 00:27:37,065
Yeah. Probably not a good strategy.

591
00:27:37,065 --> 00:27:37,765
And you're drunk.

592
00:27:40,531 --> 00:27:43,098
So it it's you got a lot of weight here.

593
00:27:43,098 --> 00:27:45,931
I think I want to talk about,
since we just,

594
00:27:45,931 --> 00:27:48,364
we kind of did this deep dive,
but I certainly want to get on diversity,

595
00:27:48,364 --> 00:27:50,631
at least towards
the end of the, conversation.

596
00:27:50,631 --> 00:27:54,464
But since we talked about this before,
it's focusing a lot on mental health.

597
00:27:54,464 --> 00:27:57,698
We talk about mental clarity, essentially,
and getting mental

598
00:27:57,698 --> 00:27:59,364
clarity in mental health.

599
00:27:59,364 --> 00:28:03,131
I think one of the challenges you and I
before the broadcast talked about,

600
00:28:03,564 --> 00:28:06,264
I and not only how it's changed
the economy, but,

601
00:28:06,264 --> 00:28:09,498
you know, I I'm sure you know,
this is not new algorithms are not new.

602
00:28:10,331 --> 00:28:12,964
Algorithms are actually being used,

603
00:28:12,964 --> 00:28:16,131
to really, actually further drive people
into more of their madness

604
00:28:16,131 --> 00:28:18,031
from the reality at the ballot box

605
00:28:18,031 --> 00:28:20,664
that you talked about, 
to the, to the worst habits

606
00:28:20,664 --> 00:28:23,031
you just talked about with
the black community. I mean,

607
00:28:24,564 --> 00:28:27,298
I'm just see, like, how do you get
how do you how do you start

608
00:28:27,298 --> 00:28:31,198
when you go out, when you have this device
that's been in front of us so long?

609
00:28:31,198 --> 00:28:33,231
That actually is an addictive advice.

610
00:28:33,231 --> 00:28:34,631
device.

611
00:28:34,631 --> 00:28:36,998
Where does one start
to get mental clarity?

612
00:28:36,998 --> 00:28:38,331
If you had to say

613
00:28:38,331 --> 00:28:41,898
one thing that they can do
to make the biggest difference

614
00:28:41,898 --> 00:28:43,931
in their life,
we can talk about self esteem.

615
00:28:43,931 --> 00:28:45,998
And you and I have been blessed
to at least

616
00:28:45,998 --> 00:28:49,498
have some examples and models
poured into us, for maybe those who don't.

617
00:28:50,064 --> 00:28:51,098
Where should they start?

618
00:28:51,098 --> 00:28:54,631
What's the one place they can start
to get the most mental clarity.

619
00:28:55,031 --> 00:28:57,331
In a book?

620
00:28:57,331 --> 00:28:58,031
there you go.

621
00:28:58,031 --> 00:29:01,031
Keep in mind that there was a law,

622
00:29:01,898 --> 00:29:03,864
the most important law passed

623
00:29:04,898 --> 00:29:07,264
by people who were trying to oppress you

624
00:29:07,264 --> 00:29:10,264
for economic purposes
because it was all about money.

625
00:29:11,898 --> 00:29:14,898
Was thou shalt not educate?

626
00:29:16,531 --> 00:29:18,764
it was against the law

627
00:29:18,764 --> 00:29:21,931
to educate a black person

628
00:29:22,464 --> 00:29:25,631
against the law for you to learn.

629
00:29:26,498 --> 00:29:29,264
That should tell you everything

630
00:29:29,264 --> 00:29:32,264
about the power of education.

631
00:29:32,298 --> 00:29:32,598
You know,

632
00:29:32,598 --> 00:29:36,498
God gave you two ears and one mouth,
so you listen twice as much as you talk.

633
00:29:36,998 --> 00:29:39,231
One of my five pillars of success

634
00:29:39,231 --> 00:29:42,231
is as much education
as you can shove down your throat.

635
00:29:43,164 --> 00:29:44,798
Second pillar

636
00:29:44,798 --> 00:29:47,831
understand financial literacy,
the math of the matter,

637
00:29:48,298 --> 00:29:51,731
how education, is applied

638
00:29:52,198 --> 00:29:56,231
to aspiration, market
economies, financial literacy.

639
00:29:56,231 --> 00:29:58,331
My book Financial Literacy
for all as an example.

640
00:29:58,331 --> 00:30:02,431
What operational does number
three family structure and resiliency.

641
00:30:02,431 --> 00:30:05,531
There was no they sold off the children

642
00:30:06,398 --> 00:30:09,431
and they abused the wife
until you stopped fighting

643
00:30:09,431 --> 00:30:12,431
to try to protect her
because you couldn't do anything about it.

644
00:30:12,931 --> 00:30:14,131
They broke the family up.

645
00:30:14,131 --> 00:30:14,831
So there you go.

646
00:30:14,831 --> 00:30:17,564
Family structure,
self-esteem and confidence.

647
00:30:17,564 --> 00:30:18,898
What does this do to your self-esteem?

648
00:30:18,898 --> 00:30:23,298
It ruined your self esteem
because you could not protect your family.

649
00:30:23,298 --> 00:30:24,598
What are black men doing now?

650
00:30:24,598 --> 00:30:27,764
Not showing up at home
because they don't feel

651
00:30:27,764 --> 00:30:30,764
they can protect
and take care of their family?

652
00:30:31,031 --> 00:30:32,798
Self esteem and confidence.

653
00:30:32,798 --> 00:30:33,964
What does confidence come from?

654
00:30:33,964 --> 00:30:37,798
Confidence comes from competence
employed in the market economy.

655
00:30:38,198 --> 00:30:40,798
So black people in America
have the highest confidence

656
00:30:40,798 --> 00:30:43,798
because we're in the biggest economy
in the world, like you, we're killing it.

657
00:30:44,064 --> 00:30:45,998
But we have low self esteem.

658
00:30:45,998 --> 00:30:50,464
Africans and Afro-Caribbeans
have high self esteem and low confidence.

659
00:30:50,798 --> 00:30:53,231
They because they've got family structure
itself.

660
00:30:53,231 --> 00:30:55,331
You know,
we see the doctors, lawyers, robbers,

661
00:30:55,331 --> 00:30:57,064
mayors, everybody looks like them.

662
00:30:57,064 --> 00:30:59,931
But they have never succeeded
in a leading market economy.

663
00:30:59,931 --> 00:31:01,631
And then the role models the environment.

664
00:31:01,631 --> 00:31:02,931
You model what you see,

665
00:31:02,931 --> 00:31:06,598
why the kids want to be rap stars
and athletes, God forbid drug dealers

666
00:31:06,598 --> 00:31:08,131
because when they grew up
in that neighborhood,

667
00:31:08,131 --> 00:31:09,764
those were the role models they saw.

668
00:31:09,764 --> 00:31:14,464
So read a book starts with my
I've made it very simple.

669
00:31:14,764 --> 00:31:17,431
I've taken Wall Street
and brought down the main street.

670
00:31:17,431 --> 00:31:18,098
Unpack it.

671
00:31:18,098 --> 00:31:21,931
I want to see the book written,
underline, highlighted, dog eared.

672
00:31:22,131 --> 00:31:24,131
Have a conversation once a week.

673
00:31:24,131 --> 00:31:26,198
Y'all don't have dinner with each other
anymore.

674
00:31:26,198 --> 00:31:28,798
Use the book as an excuse
to have a family meeting.

675
00:31:28,798 --> 00:31:31,364
Buy some dinner,
put it on the kitchen table.

676
00:31:31,364 --> 00:31:33,831
And by the way, don't eat soul food
every day.

677
00:31:33,831 --> 00:31:35,498
On day three, they.

678
00:31:35,498 --> 00:31:36,831
That was a slave diet.

679
00:31:36,831 --> 00:31:38,564
They threw the money out,
but they threw the

680
00:31:38,564 --> 00:31:42,164
the scraps out the back door
as a sign of disrespect.

681
00:31:42,498 --> 00:31:45,698
Now, brilliantly,
we took it and we said, we'll show you.

682
00:31:45,964 --> 00:31:49,198
And we put salt on it so that the food,
the meat wouldn't go bad.

683
00:31:49,231 --> 00:31:50,331
We put salt on it.

684
00:31:50,331 --> 00:31:55,164
And then we made grits, hog mauls,
pig feet, fried chicken.

685
00:31:55,331 --> 00:31:55,898
We did.

686
00:31:55,898 --> 00:31:58,298
We did all that whole cake.
We did all that stuff.

687
00:31:58,298 --> 00:32:00,731
But these are
the worst parts of the animal.

688
00:32:00,731 --> 00:32:02,164
And it wasn't it.

689
00:32:02,164 --> 00:32:04,931
Yeah, great. We made it a soul food,
but it's going to bloat you.

690
00:32:04,931 --> 00:32:06,364
It's going to inflame you.

691
00:32:06,364 --> 00:32:10,398
You're dying of hypertension and diabetes
and low and high blood pressure.

692
00:32:10,564 --> 00:32:12,631
Because we're eating this up
three times a day.

693
00:32:12,631 --> 00:32:14,664
Eat some fruits, vegetables and some fish,

694
00:32:14,664 --> 00:32:18,398
and eat some food
once or twice a month as a treat.

695
00:32:18,398 --> 00:32:20,231
Now back to to the question.

696
00:32:20,231 --> 00:32:21,698
We got to get your life straight.

697
00:32:21,698 --> 00:32:23,064
You gotta get
you back on the right course.

698
00:32:23,064 --> 00:32:26,064
You need the financial literacy course
and you need a computer course.

699
00:32:26,131 --> 00:32:28,231
Now, you
you really need a computer course.

700
00:32:28,231 --> 00:32:29,598
But that's where it starts.

701
00:32:29,598 --> 00:32:33,098
Because that job that people are somebody
some people are watching this, listening

702
00:32:33,098 --> 00:32:34,298
to this, that job

703
00:32:34,298 --> 00:32:38,698
that you have or puking your cousin poking
JoJo's got at the convenience store.

704
00:32:38,698 --> 00:32:41,298
It's gone at the fast food store.

705
00:32:41,298 --> 00:32:43,264
It's gone at the grocery store.

706
00:32:43,264 --> 00:32:44,498
It's almost gone.

707
00:32:44,498 --> 00:32:47,498
And as you said,
it's happening right in front of you.

708
00:32:47,531 --> 00:32:48,564
Go to the grocery store.

709
00:32:48,564 --> 00:32:49,364
Don't mind me.

710
00:32:49,364 --> 00:32:51,631
Don't, don't don't take what I'm saying.

711
00:32:51,631 --> 00:32:53,064
Don't take what I'm saying is gospel.

712
00:32:53,064 --> 00:32:54,431
Go to the grocery store.

713
00:32:54,431 --> 00:32:57,431
It used to be ten aisles of people
checking folks out.

714
00:32:57,764 --> 00:33:01,264
You go there now, and there's three
aisles of folks checking folks out,

715
00:33:01,498 --> 00:33:06,798
and there's 10 to 12 self-checkout
counters and one employee looking at them.

716
00:33:07,031 --> 00:33:08,598
And this has happened
right in front of you.

717
00:33:08,598 --> 00:33:12,264
That is robotics, that is automation,
that is computerization.

718
00:33:12,598 --> 00:33:15,064
That is a step towards a I.

719
00:33:15,064 --> 00:33:20,497
Yeah, It is it is analytics, in motion
in your grocery store.

720
00:33:20,797 --> 00:33:23,397
You go to you
go to a fast food restaurant.

721
00:33:23,397 --> 00:33:27,397
it used to be eight to 10 to 20 people
working in one fast food restaurant.

722
00:33:27,764 --> 00:33:30,897
Now you go
there is 5 to 6 people, you go on,

723
00:33:30,897 --> 00:33:33,897
you hit a screen to put in your order
because people are tired

724
00:33:33,897 --> 00:33:37,364
of being rude to the counter
and they're tired of being rude.

725
00:33:37,731 --> 00:33:38,797
And so you go to the mall,

726
00:33:38,797 --> 00:33:42,264
you go to the mall,
go to the go to the go to the airport.

727
00:33:42,531 --> 00:33:44,431
I mean, it's right.
It's happening. Yeah, right.

728
00:33:45,631 --> 00:33:46,431
You're right about that.

729
00:33:46,431 --> 00:33:46,731
It's not.

730
00:33:46,731 --> 00:33:49,597
But it's
this is the first technology like in

731
00:33:49,597 --> 00:33:53,431
it's also a general purpose technology
in that it's the first technology

732
00:33:53,431 --> 00:33:56,464
that I think is actually going
to affect people in finance too.

733
00:33:56,464 --> 00:33:58,731
It's going to affect actors
and other people.

734
00:33:58,731 --> 00:34:00,797
You can see, you're in Atlanta.

735
00:34:00,797 --> 00:34:04,864
I believe Tyler Perry, was building
the $800 million studio.

736
00:34:04,864 --> 00:34:07,597
And he saw, I said,
I got to shut this down.

737
00:34:07,597 --> 00:34:11,164
And so we figure out where we go next
because this

738
00:34:11,164 --> 00:34:14,164
this makes it
so I don't have to do much of this.

739
00:34:14,231 --> 00:34:16,664
I don't have to do as much as I had to do
even close.

740
00:34:16,664 --> 00:34:19,097
So I do think there has to be something.

741
00:34:19,097 --> 00:34:22,097
and I was playing your book today.

742
00:34:22,764 --> 00:34:25,064
my my adopted son,
who's my cousin, took a while.

743
00:34:25,064 --> 00:34:27,764
I was driving him. I was
we were listening to the book.

744
00:34:27,764 --> 00:34:29,397
I made him listen to sit down.

745
00:34:29,397 --> 00:34:31,331
And he told me, well,
I can like I look stuff up.

746
00:34:31,331 --> 00:34:32,897
I said, well,
you can't look up how to think.

747
00:34:33,864 --> 00:34:35,564
All right.

748
00:34:35,564 --> 00:34:38,797
So we're back to words.

749
00:34:39,397 --> 00:34:43,097
Like, so you got to know this because
yeah, you can do artificial intelligence.

750
00:34:43,097 --> 00:34:46,731
But artificial intelligence is neither
artificial nor intelligent okay.

751
00:34:46,831 --> 00:34:48,531
So it's coming from data.

752
00:34:48,531 --> 00:34:51,997
So to your point, I use AI all the time,

753
00:34:51,997 --> 00:34:54,997
I use OpenAI,
I have my friend Sam Altman, who created,

754
00:34:55,297 --> 00:34:58,797
we're co-chairs of of the
AI Ethics Council together, as you know.

755
00:34:59,131 --> 00:35:02,564
but I know what I'm looking up,

756
00:35:02,797 --> 00:35:05,764
and I, and I, and I have a gut of
what is what is right.

757
00:35:05,764 --> 00:35:10,331
So I know what to ask AI and I'm really
saying, can you confirm, do me a favor.

758
00:35:10,331 --> 00:35:11,231
I can research this.

759
00:35:11,231 --> 00:35:13,697
I, I can research
just for a week or a weekend

760
00:35:13,697 --> 00:35:16,797
and come to the conclusion or what
I'm saying is correct by pulling together

761
00:35:16,797 --> 00:35:20,631
15 pieces of data and then sort of,
you know, micro sizing it.

762
00:35:20,797 --> 00:35:22,097
But I do me a favor.

763
00:35:22,097 --> 00:35:25,831
Reach all over the world
to every database accessible.

764
00:35:26,064 --> 00:35:29,531
And in three seconds I confirm to me

765
00:35:29,531 --> 00:35:32,564
what I believe already is correct.

766
00:35:32,697 --> 00:35:37,064
So I can then write it in this article
and know that I'm factually correct.

767
00:35:37,164 --> 00:35:41,497
So education comes from books
or from data?

768
00:35:41,497 --> 00:35:44,864
Is your, relative? Say it. But wisdom

769
00:35:45,964 --> 00:35:47,831
comes from experience.

770
00:35:47,831 --> 00:35:50,831
And I can sit here and tell you
it's like these all these brothers

771
00:35:50,964 --> 00:35:52,797
walk around
saying they're financial influencers.

772
00:35:52,797 --> 00:35:55,597
And, ladies, we're. And I did this.

773
00:35:55,597 --> 00:35:57,331
I covered the Charlemagne show.

774
00:35:57,331 --> 00:36:00,964
These people are making hundreds
of thousand dollars a year, sometimes

775
00:36:00,964 --> 00:36:05,364
millions, telling you how to get rich
by doing seminars about getting rich.

776
00:36:05,364 --> 00:36:08,597
Now, I'm not hating on this,
but this is like somebody

777
00:36:08,597 --> 00:36:11,897
saying they're going to do surgery on you
and to cancer surgery.

778
00:36:11,897 --> 00:36:15,731
And they and they got certified on YouTube
like, this is crazy.

779
00:36:15,997 --> 00:36:18,264
You got it's something
there are certain careers

780
00:36:18,264 --> 00:36:22,564
you have to know what you're doing
and money and making money and doing well.

781
00:36:22,564 --> 00:36:25,297
That's one of those things
you cannot floss and fake.

782
00:36:25,297 --> 00:36:26,964
You cannot get it from us.

783
00:36:26,964 --> 00:36:30,331
You cannot get it completely from
books on tape.

784
00:36:30,497 --> 00:36:33,731
You've got to get the deal with somebody
who's actually done it.

785
00:36:34,031 --> 00:36:36,931
We don't have time for this,
but there's so many transactions

786
00:36:36,931 --> 00:36:39,664
and so many things I've done,
including one last week.

787
00:36:39,664 --> 00:36:40,897
And I want to continue the conversation.

788
00:36:40,897 --> 00:36:43,297
We'll talk afterwards
because I've definitely got more to say.

789
00:36:43,297 --> 00:36:44,464
But go ahead.

790
00:36:44,464 --> 00:36:47,797
Yeah, we I've learned something that
I thought I knew I didn't know it,

791
00:36:48,364 --> 00:36:52,197
but I learned through this transaction,
through the grinding of free enterprise

792
00:36:52,197 --> 00:36:54,964
and capitalism,
because capitalism is a gladiator sport,

793
00:36:54,964 --> 00:36:57,397
and in it you're in the arena
and in the room.

794
00:36:57,397 --> 00:37:00,197
You don't know what the heck you're doing,
you don't know what's going on.

795
00:37:00,197 --> 00:37:01,997
You know what's going on
when you get there, and you don't know

796
00:37:01,997 --> 00:37:05,597
how to behave until you're sitting across
that negotiating table

797
00:37:05,831 --> 00:37:09,564
and how you're going to react
or respond to that defines everything.

798
00:37:09,831 --> 00:37:12,831
And so you want to call somebody
who's been to the negotiating table.

799
00:37:13,197 --> 00:37:14,264
I signed 100.

800
00:37:14,264 --> 00:37:17,597
I'm sorry,
I signed a $200 million credit facility.

801
00:37:17,797 --> 00:37:22,297
Me, I'm one of the few African-Americans
alive today

802
00:37:23,197 --> 00:37:27,664
who signed a $200 million credit facility.

803
00:37:27,664 --> 00:37:28,997
And it was non-recourse.

804
00:37:28,997 --> 00:37:31,997
Was Rob,
as you knows, means I don't guarantee it.

805
00:37:32,531 --> 00:37:36,531
I was I'm part of a $100
million credit facility

806
00:37:36,531 --> 00:37:40,997
just this past January, company
that I created, you know,

807
00:37:40,997 --> 00:37:44,764
when I first started, if you had a 50,000,
our loans personally guaranteed.

808
00:37:44,764 --> 00:37:47,764
Right?
But now I'm doing non-recourse debt.

809
00:37:47,797 --> 00:37:52,164
You know, you can, you can somebody can't
give you a book and teach seminar

810
00:37:53,164 --> 00:37:54,397
who hasn't

811
00:37:54,397 --> 00:37:56,797
built a my payroll

812
00:37:56,797 --> 00:37:59,297
is a million half dollars every two weeks.

813
00:37:59,297 --> 00:38:00,697
border employees.

814
00:38:00,697 --> 00:38:03,697
How am I going to tell you how to run
a balance sheet or income statement?

815
00:38:03,964 --> 00:38:06,964
And by the way, I applaud that,
because there's a lot of people that

816
00:38:07,131 --> 00:38:11,497
that make a lot of money at that level,
but have 10 or 20 people working for them.

817
00:38:11,497 --> 00:38:14,064
That's usually what it is.
They don't really fast the opportunity.

818
00:38:14,064 --> 00:38:15,964
So that's definitely be applauded.

819
00:38:15,964 --> 00:38:18,264
I have 400 employees. I ain't no joke.

820
00:38:18,264 --> 00:38:18,997
No it's not.

821
00:38:18,997 --> 00:38:21,031
So you're definitely
be applauded for that.

822
00:38:21,031 --> 00:38:23,697
And we're definitely going to have
another conversation later.

823
00:38:23,697 --> 00:38:26,397
Let me also just say I want to get
to this point before we conclude.

824
00:38:26,397 --> 00:38:29,597
And then we'll we'll talk all actually
off the air.

825
00:38:29,664 --> 00:38:31,831
you talk about diversity, inclusion.

826
00:38:31,831 --> 00:38:34,831
And I heard you say this line
about diversity, inclusion.

827
00:38:34,864 --> 00:38:36,897
You say
black people are too emotional about it.

828
00:38:36,897 --> 00:38:39,797
And some white people are too narrow
minded about it.

829
00:38:39,797 --> 00:38:41,164
You talk about it as being it

830
00:38:41,164 --> 00:38:44,797
is critical in terms of, in terms of
just being competitive as a nation.

831
00:38:45,064 --> 00:38:46,697
Tell me what you meant by that statement

832
00:38:46,697 --> 00:38:49,964
and how diversity and inclusion
is so important for America.

833
00:38:50,697 --> 00:38:53,131
Yeah, I know,
let me give you a word on that.

834
00:38:53,131 --> 00:38:53,464
Go ahead.

835
00:38:54,464 --> 00:38:55,797
Is a Van Jones quote.

836
00:38:55,797 --> 00:38:57,897
I'm getting quite proud
because a good friend of mine,

837
00:38:57,897 --> 00:38:59,730
we're working on this together.

838
00:38:59,730 --> 00:39:02,730
He says that 99% of black folks

839
00:39:03,697 --> 00:39:06,697
don't know a thing about I,

840
00:39:06,730 --> 00:39:09,730
and 99% of white folks

841
00:39:09,764 --> 00:39:11,830
don't know a thing about AI.

842
00:39:11,830 --> 00:39:13,397
That's correct. We all live here.

843
00:39:13,397 --> 00:39:16,597
So it's a starting point,
the first starting point

844
00:39:16,597 --> 00:39:20,130
where we all start
basically at the same place.

845
00:39:20,364 --> 00:39:23,530
And whether you're in the hood
or working at a convenience store

846
00:39:23,530 --> 00:39:25,897
or a fast food restaurant,
your job is at risk.

847
00:39:25,897 --> 00:39:28,364
Or whether you're an accountant,
as you said earlier,

848
00:39:28,364 --> 00:39:31,630
or you're a lawyer
or you're in the creative spaces.

849
00:39:32,097 --> 00:39:34,464
Like I hear that Tyler
Perry story is real.

850
00:39:34,464 --> 00:39:35,930
It's real.

851
00:39:35,930 --> 00:39:39,630
you're you're you're,
you know, your job may go away.

852
00:39:39,964 --> 00:39:42,897
And so you may have to reinvent yourself
and create

853
00:39:42,897 --> 00:39:45,897
a new employment situation for yourself.

854
00:39:45,997 --> 00:39:48,997
because we're going to go from the horse
and buggy to the automobile

855
00:39:49,097 --> 00:39:51,997
once for everything. For everything.

856
00:39:51,997 --> 00:39:52,830
Not just the horse and buggy.

857
00:39:52,830 --> 00:39:55,530
That was one that was transportation.
This is everything.

858
00:39:56,497 --> 00:39:58,597
yeah, but but you know, fairness when you

859
00:39:58,597 --> 00:40:02,397
if you had a horse and buggy in 1850,
it felt like everything.

860
00:40:02,497 --> 00:40:04,864
But by 1910,

861
00:40:04,864 --> 00:40:08,030
the most valuable thing you could use for
a horse was to make it into glue.

862
00:40:08,330 --> 00:40:10,097
It had gone from everything.

863
00:40:10,097 --> 00:40:12,697
Purpose, machinery, transportation.

864
00:40:12,697 --> 00:40:13,097
True.

865
00:40:13,097 --> 00:40:16,064
Fair enough
to literally not worth anything.

866
00:40:16,064 --> 00:40:19,297
So you're going to have some human beings
who the society may say

867
00:40:19,930 --> 00:40:21,830
aren't worth anything.

868
00:40:21,830 --> 00:40:26,464
I know this is hard for people to hear,
but the with analytics

869
00:40:26,464 --> 00:40:29,464
may say you don't have any value

870
00:40:29,564 --> 00:40:32,564
and you're going to have to create
some value by being educated,

871
00:40:32,797 --> 00:40:37,397
skilled that you that you understand how
the system works and you can lean into it.

872
00:40:37,530 --> 00:40:39,830
in this new world we're, we're living in.

873
00:40:39,830 --> 00:40:41,297
Otherwise it's not gonna be love or hate.

874
00:40:41,297 --> 00:40:43,397
It's going to be radical indifference.

875
00:40:43,397 --> 00:40:45,864
Folks won't hurt or hate you.

876
00:40:45,864 --> 00:40:48,297
I feel enough about you to hate you.

877
00:40:48,297 --> 00:40:51,364
They'll just be indifferent towards you.

878
00:40:52,430 --> 00:40:53,064
which is worse?

879
00:40:53,064 --> 00:40:54,630
Another way.

880
00:40:54,630 --> 00:40:56,564
Which is indifference is worse.

881
00:40:56,564 --> 00:40:57,397
Is worse.

882
00:40:57,397 --> 00:41:01,230
So d and I, I, I went and debated

883
00:41:01,630 --> 00:41:04,330
Bill Ackman who is a billionaire

884
00:41:04,330 --> 00:41:08,564
who is the leader
and the poster child for anti D.

885
00:41:08,564 --> 00:41:13,997
And I work he has built
an entire reputation around it.

886
00:41:13,997 --> 00:41:18,097
He's going public with his company
in my opinion because of his profile

887
00:41:18,664 --> 00:41:21,997
of it, of him standing in front of it
in attracting conservative

888
00:41:22,364 --> 00:41:27,164
interest to his platform
and possibly his investors in his company.

889
00:41:27,164 --> 00:41:29,097
It's just my theory.
I don't know that part.

890
00:41:29,097 --> 00:41:29,830
What I do know is

891
00:41:29,830 --> 00:41:33,464
I debated him about two months ago
at the Milken Global Conference.

892
00:41:33,930 --> 00:41:37,130
It was a private session,
so I can't say what was said.

893
00:41:37,130 --> 00:41:42,097
I can tell you that after 40 minutes,
he really was looking for the exit door.

894
00:41:43,497 --> 00:41:45,964
that's how you say he works with somebody
that can debate

895
00:41:45,964 --> 00:41:49,897
with the with some clarity and truth
and not emotional receipts.

896
00:41:50,430 --> 00:41:53,597
He had no data, on his side.

897
00:41:53,930 --> 00:41:56,730
I was stunned by this.

898
00:41:56,730 --> 00:41:59,730
I came with nothing but data.

899
00:41:59,964 --> 00:42:02,530
I was not emotional.

900
00:42:02,530 --> 00:42:05,297
the other side was very emotional.

901
00:42:05,297 --> 00:42:09,130
Again, I can't get into details,
but let's just say that we had to have

902
00:42:09,130 --> 00:42:12,697
a change, a conversation 40 minutes
in from the substance

903
00:42:12,964 --> 00:42:17,864
to other things about this around
why we believe he's been manipulated,

904
00:42:18,230 --> 00:42:22,964
or on this topic,
and he needs to save himself, from,

905
00:42:22,964 --> 00:42:27,130
I think, reputation damage
because he's on the wrong path.

906
00:42:27,130 --> 00:42:32,497
All these folks that are pushing
RTD and I are on the wrong path path.

907
00:42:32,497 --> 00:42:35,230
But by the way, black
folks are on the wrong path.

908
00:42:35,230 --> 00:42:39,530
Also, we came at this emotionally
do the right thing.

909
00:42:39,830 --> 00:42:42,364
This is the hand of God.

910
00:42:42,364 --> 00:42:44,030
This is, you know, be moral.

911
00:42:44,030 --> 00:42:45,330
Okay, that's all cool.

912
00:42:45,330 --> 00:42:47,297
But that's not
that's not where our business is going.

913
00:42:47,297 --> 00:42:49,530
And society's going to change.

914
00:42:49,530 --> 00:42:52,897
I mean, we have a chance and Adam
and Eve to put our, our,

915
00:42:52,897 --> 00:42:54,730
our economy inside of our culture.

916
00:42:56,164 --> 00:42:58,464
Now, this is God talking.

917
00:42:58,464 --> 00:43:01,297
And we decided to put our culture

918
00:43:01,297 --> 00:43:04,397
inside of our economy back
to Adam and Eve.

919
00:43:04,397 --> 00:43:06,030
What do you think we're going to do now?

920
00:43:06,030 --> 00:43:09,264
And so these folks are leading
with their economic interests,

921
00:43:09,264 --> 00:43:13,297
in their personal interests first,
and they're afraid they're fearful.

922
00:43:13,297 --> 00:43:15,197
It's going back to the poor white.

923
00:43:15,197 --> 00:43:18,030
This is where
poor whites and wealthy whites intersect.

924
00:43:18,030 --> 00:43:21,030
They are afraid of the future.

925
00:43:21,130 --> 00:43:24,897
There's too many of us in it
for their taste.

926
00:43:24,897 --> 00:43:28,297
But they they've forgotten
that God has a sense of humor.

927
00:43:29,164 --> 00:43:30,664
There are not enough.

928
00:43:30,664 --> 00:43:32,530
This is not a racial comment
I'm about to make.

929
00:43:32,530 --> 00:43:33,730
It's just math.

930
00:43:33,730 --> 00:43:37,897
There are not enough college
educated, successful white men

931
00:43:38,464 --> 00:43:43,097
to drive GDP gross domestic product
for the next 30 years.

932
00:43:43,497 --> 00:43:47,864
Our generation will see
the first generation of baby boomers

933
00:43:48,130 --> 00:43:49,564
over 65 years of age.

934
00:43:49,564 --> 00:43:51,864
That's a majority in this country.

935
00:43:51,864 --> 00:43:54,697
Those are wealthy, white
and trying to retire.

936
00:43:54,697 --> 00:43:56,697
They made their money.
They built their wealth.

937
00:43:56,697 --> 00:43:58,864
They're exiting the stage.

938
00:43:58,864 --> 00:44:03,030
You have those coming on the stage
who look like you and me.

939
00:44:03,030 --> 00:44:06,630
And we're not financially literate,
as we've been saying,

940
00:44:06,630 --> 00:44:11,930
this entire broadcast, we got hustled down
pat, but we've been and we got surviving

941
00:44:11,930 --> 00:44:16,397
and it's some some driving down pat,
but we don't have building wealth.

942
00:44:16,630 --> 00:44:18,764
We don't have that. No one taught us this.

943
00:44:18,764 --> 00:44:22,564
So what I say is that that
when some black succeed in this new world,

944
00:44:22,564 --> 00:44:25,697
even the racist wins because the economy

945
00:44:26,030 --> 00:44:28,963
grows, GDP grows, everybody wins.

946
00:44:28,963 --> 00:44:31,530
You're going to have a majority
of minorities in ten years.

947
00:44:31,530 --> 00:44:34,897
Right now you have 40% of this
country is black and brown.

948
00:44:35,330 --> 00:44:38,330
In 1950, the country was 90% white,

949
00:44:38,397 --> 00:44:41,730
1950, not 1850.

950
00:44:42,097 --> 00:44:44,030
And so I can give you more data, but.

951
00:44:44,030 --> 00:44:45,363
You go right now very quickly.

952
00:44:45,363 --> 00:44:48,597
It's just so people know I like this one
point in data you always bring up the most

953
00:44:48,597 --> 00:44:53,463
diverse cities are the most prosperous
to economically prosperous.

954
00:44:53,463 --> 00:44:54,530
I'm not talking about something.

955
00:44:54,530 --> 00:44:57,530
I don't want people to listen to this
and start parsing my words.

956
00:44:57,563 --> 00:45:01,563
Economically prosperous,
successful, profitable.

957
00:45:01,797 --> 00:45:05,897
The most valuable cities in America
are the most diverse.

958
00:45:06,163 --> 00:45:06,563
Look at it.

959
00:45:06,563 --> 00:45:10,630
Atlanta, where I'm at right now, it's the
biggest economy in the traditional South.

960
00:45:10,897 --> 00:45:13,497
It's nothing to do between
Atlanta and Memphis

961
00:45:13,497 --> 00:45:14,530
and all these other cities

962
00:45:14,530 --> 00:45:17,030
other than we made a different business
playing a different bet

963
00:45:17,030 --> 00:45:20,230
versus arguing over who's gonna go
to a water fountain, white and black.

964
00:45:20,497 --> 00:45:22,797
We start to argue over
who's gonna get the contract.

965
00:45:22,797 --> 00:45:23,530
The green.

966
00:45:23,530 --> 00:45:24,263
Right.

967
00:45:24,263 --> 00:45:27,397
And, and, and so it's
the only international, the city.

968
00:45:27,397 --> 00:45:30,163
Thank you. In the South.
Thank you, Andrew Young.

969
00:45:30,163 --> 00:45:33,563
And it is the 10th largest
economy in the US.

970
00:45:33,563 --> 00:45:36,697
And you can put three states around
and land

971
00:45:36,697 --> 00:45:41,463
together inside of Atlanta
economically and still have room

972
00:45:41,463 --> 00:45:44,597
for the two biggest states
in America California in New York, two

973
00:45:44,597 --> 00:45:48,330
most ethnically diverse,
two most prosperous financially.

974
00:45:48,463 --> 00:45:52,530
And you can go on or on the biggest,
most profitable companies in America

975
00:45:52,830 --> 00:45:55,830
by 40% over their peers

976
00:45:56,197 --> 00:45:59,097
are the most diverse and inclusive.

977
00:45:59,097 --> 00:46:03,963
The data is unimpeachable and undeniable
that not only does

978
00:46:03,963 --> 00:46:09,397
diversity work as a business plan,
but demographics say you have no choice

979
00:46:10,597 --> 00:46:14,363
than than to promote Dei as R&D.

980
00:46:15,063 --> 00:46:17,697
You have no choice than to promote D

981
00:46:17,697 --> 00:46:21,263
and D as GDP for the future.

982
00:46:21,263 --> 00:46:23,830
So it's all here.
The research and development.

983
00:46:23,830 --> 00:46:26,830
This is the farm club
and the bench strength

984
00:46:27,030 --> 00:46:30,030
for the playoff games
of the rest of our lives.

985
00:46:30,197 --> 00:46:32,830
This is like Doctor King saying America.

986
00:46:32,830 --> 00:46:34,830
He didn't say I'm here to say
black people.

987
00:46:34,830 --> 00:46:38,063
He said I'm here to redeem the soul
of America

988
00:46:38,730 --> 00:46:41,730
from the triple evils of war,
racism and poverty.

989
00:46:42,197 --> 00:46:42,997
I'm not here.

990
00:46:42,997 --> 00:46:45,197
I'm advocating for black folks
and brown folks

991
00:46:45,197 --> 00:46:47,497
giving some moral statement about D you I,

992
00:46:47,497 --> 00:46:51,030
I'm saying that my rich friends in my poor
friends do better.

993
00:46:51,030 --> 00:46:52,930
If only they stay rich.

994
00:46:52,930 --> 00:46:53,997
I'm saying you cannot

995
00:46:53,997 --> 00:46:57,797
have the largest economy in the world
in 20 years, as we are right now,

996
00:46:57,930 --> 00:47:00,830
in the sole superpower in the world
as it is right now.

997
00:47:00,830 --> 00:47:03,597
Unless you embrace people
who are black, brown and different

998
00:47:03,597 --> 00:47:06,997
and teach them how the economy works
and give them a ladder into success,

999
00:47:06,997 --> 00:47:10,730
whether you like them or not,
this is not even debatable.

1000
00:47:10,730 --> 00:47:15,563
We will be speaking Mandarin in 20 years
unless we get this right,

1001
00:47:15,963 --> 00:47:22,063
because you never had an economic power
that wasn't the the, the superpower.

1002
00:47:22,097 --> 00:47:23,897
Sorry. You never had a superpower.

1003
00:47:23,897 --> 00:47:25,897
It wasn't the economic power.

1004
00:47:25,897 --> 00:47:31,163
At the same time
in the history of the entire world.

1005
00:47:31,230 --> 00:47:34,797
That's
why I say that God has a sense of humor.

1006
00:47:35,130 --> 00:47:39,197
Because with all this crazy politics
going on right now, that's basically

1007
00:47:39,197 --> 00:47:39,730
divide.

1008
00:47:39,730 --> 00:47:43,163
Divide the division,
you know, hate this person, I think.

1009
00:47:43,597 --> 00:47:45,263
Look, none of that works.

1010
00:47:45,263 --> 00:47:48,430
No, it's a it's a way
it's a way to destroy the nation.

1011
00:47:48,430 --> 00:47:52,297
And I think that's part of part
of our biggest challenges is an emotional

1012
00:47:52,297 --> 00:47:53,697
one is is a mental health one.

1013
00:47:53,697 --> 00:47:55,897
And we have to get that and disrupt
that struggle.

1014
00:47:55,897 --> 00:47:58,030
John O'Bryant, it's been a pleasure.

1015
00:47:58,030 --> 00:47:59,863
I definitely want to have you on again.

1016
00:47:59,863 --> 00:48:02,597
Definitely
want to talk more about particularly,

1017
00:48:02,597 --> 00:48:06,463
I because we're doing a lot in that area
here in the Midwest and some of the South.

1018
00:48:06,463 --> 00:48:07,897
So definitely after the stream.

1019
00:48:07,897 --> 00:48:09,997
Let's definitely talk a little bit
before you leave,

1020
00:48:09,997 --> 00:48:13,163
for all those listening to disruption
now, keep disrupting

1021
00:48:13,163 --> 00:48:17,030
and we hope to see you at Midwest
Con 2024, September 4th through the sixth.

1022
00:48:17,297 --> 00:48:20,830
We talk about policy, innovation
and technology for social impact.

1023
00:48:20,830 --> 00:48:22,663
Stuff that I think you would
definitely connect with.

1024
00:48:22,663 --> 00:48:25,030
John,
thank you so much for coming on the show.

1025
00:48:25,030 --> 00:48:25,697
Hold on.

1026
00:48:25,697 --> 00:48:28,630
you know, right after this,
after we end the stream.

1027
00:48:28,630 --> 00:48:30,230
Thanks so much.
Everybody. Keep disrupting.