Alright guys, so a lot of people access how do they make a podcast? I'm let you in on a secret on the easiest most productive way to start a podcast and get it up and running and that is the app called anchor is free. They have all kind of cool creation tools that allow you to record and edit your podcast right from your phone or computer. They would distribute your podcast for you to all of the major Outlets including spot.Why Apple Google many more and you can make money from your podcast with no minimum listenership is everything you need to make a podcast in one simple easy place. So if you're interested in starting a podcast Go download the free anchor app or go to Anchor dot f m-- to get started. Let's do it. All right guys episode 6 time flies. This is our sixth edition. We got a lot to cover this with a lot going on a lot going on in our world. It's for sure a lot going on. So first of all before we start we want to say thank you guys for Rocco want to thank you for your feedback. Thank you for your DM's your messages, very encouraging shoutout to UK. Yeah that out to South Africa and all of our International listeners all over the world. That's always love when we get to International feedback because it's like wow the reach is so strong. It's like extremely humbling and it's gratifying to know that not just here in the United States we listening but the message is being spread. So that's do Max don't it's definitely don't for sure. So, all right, we're going to jump right into it with the number one sports topic of the week Zion Williamson and the Duke Blue Devils. So if anybody that is not in tune with what's going on, Duke North Carolina big rivalry, probably one of the biggest rivalry in sports. Not just not just because basketball Sports period right so You had a game and that's like their rival. So they had a game and Zion being the star that he is right now and he is the Phenom of college basketball. So the tickets were selling for I think 10 up to $10,000 on some sites of 5,000. Mm. So they were actually comparable to resale prices for Super Bowl today. According to Vivid Seats. The price of some of the price is actually higher. Her than the lowest Super Bowl ticket. Yes crazy. So the game comes and everybody's this Spike Lee's dear David Robinson. Is there President Obama's there's it's crazy. Right and then in a freak accident the first play of the game in the first 30 seconds Zion literally blows his sneaker apart. I've never seen that in a game before blows the sneak-up part and it's done. He's hurt Mound he's spraying so, you know, we want to wish him, you know speedy. Reality is a very weird and very unfortunate situation. But the whole conversation brought into a lot of different things that need to be talked about and need to be addressed. And really the number one thing is the revenue that college sports in particular big-time college basketball on big-time college football brings in and we need to look at that. Yeah. I mean one of the things that immediately came to our attention was like is it worth? With him playing again, right because this guy is obviously going to be the number one pick in the NBA draft and the summer and he's set to me millions of dollars from his NBA contract as well as any shoe deal on shoe company that signed them and people are arguing. Hey, this kid is a student. He should not be paid for his service. Yeah, so that when people are saying I do, you know you getting paid in a scholarship and all that, but I don't think people fully understand how complex the situation and so that's what we Here we try to make very complex situations easy to understand for everybody. So that's what we're going to do. Hopefully with this right so we'll look in March Madness. Yeah, right. So March Madness, it's a fitting time since we're at the end of February and March Madness will be coming up in a few weeks. So March Madness is a three-week basketball tournament for division one basketball that determines the national champion, right every year, you know, you fill out your brackets big taunting you You you know watch the games you have the buzzer beaters. You have the final four since the whole deal, right? So the NCAA, right? The NCAA is the governing body for College athletics, right? So the NCAA their main source of Revenue is March Madness. Yeah, and the March Madness is like you said there's is a almost a month of basketball games 64 teams make it in obviously just over 30 plus games every weekend. Fuel gets to handle down but the money that is gross is no no, it's crazy. All right, so marshmallow marshmallow 2017 three weeks of March Madness the NCAA made 1 billion dollars, right? Yeah for the first time its record-breaking and I can bring him out. That's how much revenue they make. Yeah, the American gambling gaming Association says the number of brackets will hit 70 million. I mean 70 million people who play brackets office pool. Fools gambling friends bars, whatever right? Nine point two billion dollars is gambled on the tournament. Right? So the NCAA makes 1 billion nine billion is actually gambled on it. So that represents 90% I want that 1 billion dollars represents 90% of the ncaa's annual revenue. Then Warren Buffett have a billion dollar contest. Yeah for breakfast a billion dollars. So in 2010 the in Double-a signs of 14-year deal with CBS and Turner for ten billion dollars for March Madness, right? So to cover the tournament they have a TV deal for 10 billion dollars, then in 2016. They have an extension for twenty thirty two four eight more billion. Yeah. So the first contract is supposed to run from 2010 to 2020 for they see how lucrative It Is by 2016 there like, all right, let's hurry up. I'm going to re-up now so we can keep the rights to it. So CBS has a few channels and networks. Obviously TNT is Turner Sports and they have TBS and I think TruTV those are the fourth necklace that cover. Yeah, so - so you don't miss a game anymore. We used to only was like Channel. It was only CBS when we used to watch it and then it right now we got to cover all these games now you can't miss a game. So, all right. So how the money is broken down is interesting and it's very complexed. So I'll try to make it. You understand? It's possible 96% of that billion dollars goes to members membership different colleges, right? They break it down. So each conference gets a piece. So they have 220 million dollar pot from the NCAA tournament. Then they split it up amongst conferences. So each game that a team wins their conference gets paid. All right, right and then the further they go in the tournament the more money to conference gets paid for it. So example of a compass would be like the ACC or big he's big too. 12 sec. Those are accomplices Pac-12, right? Exactly. So then from the from there it's up to the conference to break it down to the individual teams. So it's a hierarchy system NCAA gets it then they give it to the conferences and then a conferences get gives it to the team sorry, right? So it's like a three-tier system. So but the problem is that when people say it's not as easy as just paying so you look at it you say okay. This is making billion dollars. They have it. Billion dollar deal. How come the athletes aren't getting paid. Well only one-third of the team's I actually profitable exactly right. So two thirds of the teams aren't actually profitable. So the one-third of the teams that are profitable they are paying for the two-thirds of the teams that are not profitable. That's just basketball, right but the NCAA has a bunch of different sports, but it almost every single sport except for basketball is not profitable, right? So now you have pretty much a handful of teams, right? In the grand scheme of things that are funding every program, right? So it's like the kid who plays golf or or the kid who plays LaCrosse or baseball feel really great. And then there's a thing called Title Nine, right? So Title Nine came in years ago and that made it where you have to have an equal amount of women teams as mentink, right? Whatever sport you're offering have to offer right for both. So now that cut the budget even more and now Big Revenue sport is paying for not just every male but female sports as well. Yeah, so it's a very diluted system that they're using the top-tier money earners to pay for everybody. Yeah, right. So then it gets even more complex because that's the NCAA is basketball with a real money is made is football. So the NCAA one football department is different from the NCAA. So now we have to go into football. Yes. It's football is is a huge generator of money because number one it's simple math, right? If you have 80 to a hundred thousand people coming to watch one sporting event and paying $100 per ticket. You're going to gross way more than Arena that holds twenty thousand for basketball, right? The only thing is I get basketball has more games but if a team has eight home games in a sellout which they do like these big school sell out every game and it getting the Hundred and ten thousand people who come in it fails a comparison now it's different. So okay. We added we looked at Forbes list for 2018 and the top five football teams their revenue, right? So the top football team was well, we'll start with number five number five was Ohio state. They had a revenue of a hundred twenty million and they had profit of 69 million. Okay, then we go to Alabama a hundred twenty seven million price revenue and 59 million profit Michigan's number 327 million 75 million profit, Texas Longhorns number to 133 million with 87 million dollars of profit in the number one team football team last year with Texas A&M with revenue of a hundred and forty eight million with a hundred and seven million dollar profit. This is just for clear and and tears nothing to any other sports just couple that sounds like that's just generating money for the school as well. Like you said and the one thing we know about Texas is football is King. Right. There's a reason why the Cowboys are the most profitable team in NFL. So not only are they generating money, but we took a look at where the money is going. So when they argue hey athletes shouldn't be paid because they're going to school for free. Well, here's the breakdown. So those numbers that you just ran off, right so we can talk about how much is going to scholarship. So from that money that was there are generated from Ohio State about 20 million of that goes to school to school scholarships for all the sports. So they made a hundred and twenty million, right? And when he went to scholarship, that means that we're done with all the hundred go we're going to get this so number four you say Alabama. They spend 17 million in scholarships. Okay, then number three, Michigan. We have 25 million in scholarships number to Texas. They have 13 million in scholarships. And it number one, Texas A&M 10 million in scholarships. And the reason Texas A&M is number one this year is because the a lot of people don't know is like they have a large amount of boosters that donate money to the program. That money just gets put into a pile of Revenue because we're giving it to the university to help improve conditions. Number. One thing they want is they want their football team to win. That's it like that absolutely comes down to we want our football team to win will pay money will hire national championship coaches from other schools. Just so that we can win the Texas Longhorns has to have their own network. Yeah that so that's crazy like that is in itself. There's they're like not to cut you off but it all conversation of this is In our conversation that literally can take an hour, right? Because like I said, there's so many different levels involved with how much money is being generated you have bowl games. You have TV contracts. You have the big 12 at they have the big 12 Network. So Texas is in the Big 12 Conference there in the yes. Yes, everything 12. Yeah Big 12 has his own network, right, but the Texas Longhorns have their own network. They have their own completely separate of the Big 12 and we get that here in New York like before the big He's the before ACC SEC had their own channel Texas the school the University of Texas had its own channel and they still have their own challenge shows you nothing but Texas and exclusive access really what they want to see is football. No, it's different. It's different and they can we just go because we don't want to do this topic for too long, but it's such it's so crazy. Right? So we have to talk about the coaches how much money they make right? So the coaches are the guys who bring the recruits to the school and they make money they make money. From their own contracts and again and also the top for how much of the top football coach mate Nick Saban. So I mean one of the greatest coaches of all time 8.3 million less University of Alabama. Yeah, Nick Saban made 8.3 million. How much did the top basketball coach make so Coach K made a point. So nine million dollars last year and salary dude, that's to do coach ironically enough. Yeah, let's talk about Zion in private school too. So so Duke, yes private school and the coach makes nine million dollars a year. All right. We wanted to go through the list of coaches because there's that's crazy. Then we got endorsement deals. That's another Avenue at they make money. Right? So the number one endorsement deal team is UCLA. They get 12 million dollars from Under Armour right? You have Louisville gets ten million Texas going to make it nine million. Yep. So now you have ten million dollar twelve million nine million dollar endorsement deals in top of on top of TV on top of merch but So they're going to want more category. Yeah stadiums, right? So the largest how much how many people you think the largest football stadium College College Stadium polls. I mean, I'm gonna say a hundred twelve thousand a hundred and nine thousand. Okay, let's Michigan Ann Arbor, Michigan University football stadium holds a hundred and nine thousand. They sell out every game every single game how much money you think they make an offer that they have a hundred and nine thousand. That's a town. Yeah. The country and 9,000 people fit in their foot. That's more than NFL stadiums whole. Yeah, there's plenty of that don't hold on something Arena and so like from that so that that money that they generate those schools from the football right some of those that others are other category. So yeah, the scholarships are one the coaching and Staffing is a budget and then they have the other budget so and the others that could be for facility. So then they add wings to a stadium or they add a new training facility. at a university, but you know what the best part about this whole situation is NCAA is a nonprofit organization. Tell us about that plot twist. That's it. That's the craziest part. We all this money that's generated the NCAA the nonprofit organization. That's a different conversation. Now we have to go into a personal story the personal you know, what I'm going to start the personal story because I remember like I was big on video games and in the early 2000s they have this game called March Madness and at that same time you were in school. Yeah, I never forget that conversation. I'm like, yeah, I'm playing March Madness. So prior to my Korean business. I was a basketball player who dabble in basketball a little known fact, I was a division one basketball player, right? So I played D1 for two years. So yes the EA Sports. Yes EA Sports, which is if anybody's familiar with sports EA Sports is video games. That's they make Madden. They may well NBA Live used to be a thing that so much anymore, but man and his then is their top game right now. So they had to EA Sports used to have video games for college football and college basketball. Yep division one college football in division one college basketball and they had every Division 1 school and they had the players lightness. They had the name, but they had their likeness they couldn't say your name, but they put your number and like your attribute. So if you were a good shooter, then your rating was like an 80 or above us. All right. So what was that like 2001 was in college, I think 2006 something like that. I don't know around that time. Yeah. Mid-2000s. Oh, yes, when I was in college University of Maryland Baltimore County D1 school number 15. I was number 15 before I was using you in the game and yet he was playing with it was crazy because we used to so we was just happy, you know being in college. I never was a really good why I never really was a really good video game player. I wasn't in the video games, but my friends with my teammates were so we would go and we would play video games, but it was just cool to see somebody that it was made in your likeness. Like it looks like me right like so I'm like, that's kind. Crazy like to have some light in my likeness on a video game. We wasn't thinking that they was using us and we wasn't getting paid. Yeah. So what somebody did right Ed O'Bannon does a different story a little bit shout out a fair shot at Opana so they could people only know that will benefit this but this guy was like the national player that you know better if you don't know who at opening is do your research. Yeah, 1995 UCLA national champ play of the year, but he's like a legend nap, but then he changes so he changed the game completely because he realizes that Be a sports. So we talked about all these other Revenue sources Right video games billion dollar industry EA Sports making million dollars a year and the colleges are getting paid off for that as well because they have to license their name to use them in the video games. So the college is getting paid millions in EA Sports again pay millions from video games, but the kids wasn't getting any money so they have a class action lawsuit and they want yeah. So what happens is that anybody that played the vision? One sports football basketball I think like from a 10-year period that was featured in that video game with part of that class action lawsuit and lo and behold I was part of that class action lawsuit touch your chest. Oh, they cut me a check cut me a check so around like probably like three years ago four years ago. I get a check for like $1,800. Look at that wasn't bad. I tell you why it's just goes to show you that there's so many different ways. How colleges are making money a lot. so I know this argument that students are getting scholarships and that's payment and it look it is valuable because I was I was on a scholarship. I didn't have to pay for college. I appreciate it my college experience, but but we can't act like a nonprofit organization that makes billion dollars a year and schools that are making billions and millions of dollars off of two sports. We have to find a way to fairly compensate the players or if we're not going to compensate them. Then we at least have to let them go into professional sports out of high school if they choose to and not make them go to college so you can't make somebody go to college and then not pay them the only thing a mature about this is that they don't get paid. Hey, they said I was too immature. It's really a farm system. Like it's like the minor leagues like because in NF and football, you can't just go. Trout yeah, you can't go unless you do three years, right and MBA and they're trying to change that. Now you have to go for at least one year. It's a free trial. But in other sports, that doesn't hold true, it doesn't hold true. Yeah. So like if I wanted to play golf I can do that as a teenager hockey teenager baseball teenager Sokka, I'm afraid of you. Do I went to school with Freddy Adu highly suspicious the body wasn't 14. I don't know that's a different conversation highly suspicious that football and basketball. all Are the only sports that require you to go to college extremely suspicious look at the population of the people who play those boys extremely suspicious. Yeah. Alright. Okay. Well, hopefully we can change it and then in the near future, absolutely. Ernest you currently paying off student loan debt interested in improving your financial literacy or looking for new ways to earn income and today's ever-changing digital landscape. Well on the talk money with the mesh lakhani podcast mesh will follow Paper Trails chat with experts break down complex ideas and bring Clarity to the mystical Financial phenomenon. Each episode will be filled with compelling stories covering a broad range of subjects from buying Bitcoin dealing with student loan debt and everything in between. So listen to Money with mesh lakhani on Spotify or wherever you listen to your favorite podcast and learn how to spend invest in earn in today's economy. All right. So we're gonna move into the right into the next topic will start with the line the middle set it and so on trauma they toe cap stand up if you want to play for a team and all his teammates didn't say anything stay woke. So one of the things that happened is in the past week was that the NFL reached a settlement with Colin Kaepernick in his case of collusion against him so it's pretty interesting because people are taking different size on it. A lot of people are saying Hey cap sold out because he said And other people are looking at like yo, he won because the settlement in a sense means that there's some form of guilt that the NFL had now we'll never know because of the terms of the conditions of this element. So it's a different type of take on it, but we're going to go into a different approach. It's different. Yeah, but even before we even go into that it's you know, nobody knows how much money you got paid. It's rumored that he got a hundred million. Yeah, that's saying between 6080 million. Yeah, even I heard a hundred but let's say is a hundred Hypothetically speaking, right. So I mean that is a lot of money a hundred million dollars a lot of money, right but in the grand scheme of things if you think about is 32 NFL teams, right? So they divide that equally amongst each other that's 3.2 million per team part owner, which is 9 into them. I drop in a bucket a drop in the bucket, right? So I mean it delete made 14 billion dollars last year, right and he lost his salary right? He was getting I think the the he was on Pace to make 20 million dollars. We had two more years I graduated after out of his contract, but he opted out with it the intent that he was going to sign another deal. So alright. So Colin Kaepernick before we even go into the plot twist on it. Ratings are down here. Right? So you want to go down so from to so cap starts his protest for social injustice specifically police brutality in 2016, and he's out 2017. So the ratings go down for two years in a row now last year the ratings did go up 5% for the NFL but a lot of that could be true contributed to the surprise of these like teams and great players like so example The city right? Nobody expected Mahomes to have that type of season. So people watch and you know the Tom Brady story, right? Can he do it again? So people watch and they just happen to have great games on prime time to on Sundays and Monday nights so that helped with the ratings, but for two years it was going down now their ultimate game, they're suitable actually did go down and ratings and some people are tripping it. So it's about 3 million people. That was a seven year low. Yeah, so this year was 98 million. Yeah, which is a low 11-year law in 2008. So for some people attribute a to the Kaepernick effect. Yes, we don't know but probably it has something happened. Yeah, I mean people on social media saying look when we stand with cap and I think we taking that stance that we stand with cabin is nothing against anybody who is in the armed forces like we we love and support all forces and understand that their job is Honorable, but we are We looking at it from both sides. So the Armed Forces. That's what this whole thing was spun into right? Yeah, he was he was just had it was protesting for police brutality police brutality and people were saying this is not patreon. How do we get to this point with no? No, no, certainly. Didn't question. How do we get to this point with Armed Forces? Hmm, we're good. So when we grew up watching NBA and NFL this we didn't think about this. This is not something we thought about it's no it's a new thing. It's like over the Ten years. It's become a we say the thing people don't know the national anthem right played before again and televised. Yeah, it's not something that has always happier start. So that started in 2009 teams and owners were saying hey, we want to show signs of patriotism, right? So, how can we do that? Well, we'll come up with a list of things we can do will broadcast a national anthem will have flyovers will have flags that are field length, right? We'll have our players standing out during the national anthem to show signs of pages and they even started and people probably didn't realize this but they started to do surprise visits from troops who had been overseas and they came home and surprised their families little did people know. That the Department of Defense was painful it so plot twist. The Department of Defense paid the NFL 5.4 million dollars between 2011 and 2014 the National Guard paid six point seven million between 2013 and 2015 to do these ceremonies and it's in their budget as recruitment item. Yeah, so How did this all come about? John McCain, ironically enough. So John McCain and Senator Jeff Flake both emotionally, but the reason why this is so ironic is that John McCain rest in peace, he if you don't know his story, obviously you probably heard of him, right? He was a Senator he ran for president he lost but he was also a PO W if I think like seven years right in Vietnam, and he broke his arms he torch a torch them severely right so he came home and he became Endured by the public because he didn't he didn't he didn't fold could they could have let him go because John McCain's father, I think was a politician very powerful man, and they actually offered him his freedom, but he said he wouldn't go until all of his comrades with free Dre. So long story short. John McCain is a war hero. Yeah. That's right. So he looks into this him and Senator Jeff Flake or both Republican Senators, and they Find paid patriotism, right? So he is offended by this right because he feels that you can't pay for patriotism, right? You can't pay under the Gaze of this is just being done out of the goodness of our heart right where we are patriotic. That's why we're doing this you're paying NFL owners as a recruitment tool here to recruit to the armed services. Yeah, so part of Of it is that they didn't only play the NFL they paid the NBA they paid soccer but and Major League Baseball, but out of that budget, right? So I think maybe 6.9 they did in 2015 6.1 million of that 6.9 million went to the NFL and it didn't even go to all teams. It just went to the top 16 highest rated team. So like the Giants two Jet's the Patriots Washington it was so when they looked so John McCain and Jeff. Look into it, right and they find out that there's a hundred and twenty two contracts between the Pentagon and sports leagues. That nobody knew about exactly they didn't make this public. They just found it. So when they found out about it, they feel they need to make it public. Right? So they have a whole investigation the pay patriotism thing comes up John McCain valves to change it. He doesn't because it doesn't change but it's still something that not a lot of people are fully aware of right ironically enough the year that John McCain and Jeff Flake. Made this investigation was 2016 2015 start with 15 next year and then the next year Colin Kaepernick starts to kneel yeah, 2016. Yeah, so players weren't even required to come out before 2009. They stayed in the locker room during the national anthem. It wasn't televised but once the NFL realize that hey people want to see this they started charging. They started charger a dollar. So like it always comes in because it's great. So is it patriotism or is it capitalism? All right. All right. So paid Patriot is right if I could have broadcasting dollars, like people paying for ads and commercials. Am I going to show the national anthem? No, but if the federal government pays me more than the commercials do then I'll show it right. So then people were an uproar. Hey, this guy is kneeling during during the national anthem. Yeah, but 10 years, even three years prior guys were in the locker room, who knows what they were doing. Who knows what they were doing in a locker room. Well the thing and this is So this is the the whole team behind our show, right? So we look at sports entertainment and business, but we look at the back story because it always comes back to the money. Always it always comes back to the money something. Right. So all of this was done because the NFL was paid to do this and now it's part of our fabric now now every game we watch the flag. And again, it's nothing against our own forces our military. We love it. Support but and I'm not and I'll make this clear to you. I'm not saying that you shouldn't stand up for the national anthem or you should stand up for the national anthem. Everybody's entitled to do what they want. We live we live in a free country. But the thing about it is don't act like something is done out of the goodness of your heart when you're getting paid to do it Marshawn Lynch Marshawn Lynch is he said he said he never stood and they actually and they just realized this. Two years ago. He said I was doing 10 years and was because it wasn't a thing like nobody paid attention to it until one guy will too. I mean Eric Reid decided that listen we're going to do a peaceful protest and look at the backlash from that. Hmm. Well, yeah. Do you have it there? You have it ladies and gentlemen patriotism with capitalism you choose. What's up, y'all? So if you're listening to this you obviously like podcast and you probably like music just as much on Spotify. You can listen to all your favorite artists and podcasts in one place for free. You don't need to premium account Spotify has a huge catalogue of podcast on every topic including the one you're listening to right now on Spotify. You can follow your favorite podcast. So you never miss an episode premium users can download Episode to listen to offline wherever you are and it's really easy to share what you've been listening to with your friends on in. Graham if you haven't done so already be sure to download the Spotify app search for earn your leisure on Spotify or browse podcast in the your library tab. Also, make sure to follow us so you never miss an episode of earn your leisure again. Alright our last topic of discussion is not over we going to Fashion going to Fashion. We going to high-end fashion. Yeah Gucci. Talk about Prada Montclair, but we'll start with Gucci. Okay, if you haven't been under a rock for the last week and a half, you know that Gucci is in deep water right now because they made a turtleneck that it's like a black face thing. It turns up and it has red lips has I'm sure you probably seen it. You know what I'm talking about? Okay, then mind clear has a Sambo. Jacket, you know my clear is so disturbing last year. They were in the news for having the black face patch on the sweatshirt last year. Okay, 2018 this year they say, you know what happened. We're going to put black faces all over a bubble jacket and put it out for each other. Okay, then Burberry decides is a good idea to have a hoodie with a new song on it. Yeah, they call it the nautical nautical very then product is something Prada had monkey pendants in the window and they were putting on their bag. It had a big monkey displays and just having all right. Yeah, I'll sharpen came hoping that prior to that. We had H and M with the H&M had the coolest monkey in the jungle with a black kid wearing and they thought that was a good idea. Okay, so obviously this isn't a coincidence right? They're doing this on purpose. Yeah, so why are they doing it on purpose is a lot of different theories. There's a thing called outrage marketing. I don't know if anybody's familiar with outrage marketing but it's pretty much you can kind of guess what it is by the name where you just shock value, right? Any publicity is good publicity. You just do crazy stuff you get your name out there you get some backlash you apology apologize, but it doesn't even hurt your brand. It hasn't really heard different. I mean these companies Brands because hmm. Yeah H&M innate last year April, they put out the coolest monkey sweatshirt and they saw a decline temporary temporary come out for two months, but their 2018 retail sales were up five percent. So people still supporting the brand they were temporary outraged and people wanted answers and then people realize you know what these for these clothes are for edible gold on the bottom. We live in a disposable Society, right? Right and people like discipline. So the boycott for a week and then they just forget about it. Something else comes about. Yeah. So is that why these companies are doing this? Because as I said, I don't think it's a coincidence how many times can we be slapped in and it's all high-end fashion brands or each H&M is a high-end fashion brand but so Gucci and Prada Prada and my Claire and Burberry, so now they say no. Okay. It's It's a boycott on Gucci right not opposed to that but Gucci is actually owned by a larger Corporation, right the caring group. I believe it's cool and they own YSL Balenciaga Alexander McQueen Gucci other brands as well. So are you boycotting all of these Brands as well? Right? We win these brand tip again with yeah, like what I don't could begin with why are we wearing these Brands? Right? Yeah. We love TI one of my favorite rappers you gonna do you gonna hold that forever? Never Gonna Let You in and itself I wasn't a big fan of Southern hip hop music. I know we got a lot of listeners in the South. I love this help Atlanta, Florida. We had that debate. Well, I was away and I love this out. You will see I got but I wasn't huge one the South hip-hop until Tia. Castilla had he had swag I could relate to him and his lyrics he was a goodly recital dope. I just like them I still like yeah. But I don't understand when he so he calls for a boycott and then he starts out his paragraph was saying I'm a seven-figure year customer. It's interesting because you have a clothing line. Yeah, cool, which stands for a king of oneself. You have a clothing line that stands that the acronym is a king of oneself and you spend seven figures a year with Gucci another brand. I see you when you see these people outside. You would think hey every once in a while. I would sprinkle my own clothes on if not all the time to promote my own brand. It's confusing. Yeah, let's spend a million dollars. That's yes. It's very careful in his comments. Like look, why don't you spend that million dollars trying to help another brand get off the ground or put it in your own brand. I don't understand that. Yeah, and like I said, I don't want it back to you. I like to love to I actually like you guys wanted one of the best but I didn't understand that and I didn't understand. Three-month boycott, I don't understand. What do we do after the average person maybe has one Gucci item if that to they buy a Gucci item once every five years, right? It's not like you're going grocery shopping because I think celebrities a lot of times ad touch with reality. Yeah, three months is like mugging. You're not going to shop right or NP. That's what would like that's something like the celebrity so future said that he spends $300 $300 200-300 thousand dollars a month on: My what? What are you buying? Why are you spending money on clothes when you can get stuff for free exactly or just create your own? Okay. So this is a pretty disturbing. Yeah issue right there. And one of the other things that they were saying is that you know, what these mistakes quote-unquote are happening because we're not represented at the top of the creative chain when it comes to these high-end fashion, right? But well, that's true. That is true and we Recently seen Virgil take over at Louis Vuitton. So my how many times are you going to okay, if I come into your house right? I can't. Tell you to feed me to give me a blanket you can give me that if you wanted to like you don't have to treat me good it sure house right? Like how many times can we demand somebody to treat us appropriately? Instead of treating ourselves appropriate data. So Dapper Dan who is one of the creative directors at Gucci like he was outraged by it. Obviously shouldn't that but there's a legend for those who don't know him and he had to head the CEO Gucci come to Holland to talk about the issues that he's facing and demanded some acts. What is that going to do it? Right? I don't know. How like, yeah. Think about it is the reason why the ti things interesting is that he by him saying he spends seven figures a year on Gucci is not just saying that he spent seven figures a year ago. She brings up a larger issue right where athletes entertainers rappers specifically rappers have given free endorsements for years and companies have reaped the benefits of it and they never they don't pay these people to do that. All right. It's a status symbol and you feel that you're you know. You're above somebody else by saying that you're wearing these things or you're driving these cars and I think I have made it to a certain level Chris that member Crystal Crystal was a little-known champagne brand for years and somehow big I think big was the first one that championed Crystal but for some reason, I don't know. He was also the first one to find Jacob the jewels different story. Yeah, but so I mean champion because it was the most expensive thing. Yeah, but it was weird. I just found it randomly. Show had like maybe somebody in it so it had gold bottles. That was it. So he starts talking about Crystal and then JZ starts to Champion it. Yeah, and then it just goes crazy. Every rapper has gold bottles Crystal and their sales went up. Don't quote me on this, but it went up like 300% in the course of a five-year timeframe directly related to rappers. There's no argument about it. Then the CEO of the company says he doesn't want to be associated with those kind of people right? So what Ben Jacobs out with the lyrics I used to drink Cristal son is a traitor in this a band on Chris Okay. So we've seen this play before absolutely and so it didn't fail along with Jay-Z we talk about Jay lot because he's a cultural icon and very important person. so remember iceberg Iceberg man, that was that was late 90s late 90s, and he's my God Iceberg man iconic when I was in high school if you had Iceberg sweater, you were elite elite level. Yeah. So Iceberg had the cartoon character high like Snoopy Snoopy day today license that they had to get that license, right Mickey Mouse Mickey Mouse new but those sweaters like 300-500. It was cool g and Iceberg. Yeah Iceberg was crazy Iceberg was the teachers with to hunt? Jay-Z all use Williams Iceberg you had then we had allies icebergs plus yv only lasted so everybody wanted Iceberg. Jay-Z was talking about iceberg and every lyric so anything okay spending so much money on high spring and we're talking about its go talk to these guys. Why don't we try to get endorsement deal? Let's have a meeting with them. So him and Dame go to Iceberg. Mmm, and they tried to get an endorsement. And they say no thank you when we don't make these clothes are not interested. Yeah, not interested, but that no turns into something extremely profitable. Yes, so they say no and they decide to do their own thing and make a clothing brand called Rocawear. Hmm. Based off of Roc-A-Fella Records Rockaway, right? So now they get the bright idea to start Rock. We're which they probably should have done from the beginning but better late than never. Yeah Rockaway a team in like 18 months. Yes eight years later from the Inception date. They sell Rocawear for 204 million dollars. See what happens when you when you stop asking people for something and you do something for yourself and that same time what happens is bird though fell off the cliff with our wedding. Disappear for they make it a researcher at it coming back now, but they disappear for 15 to 20 years. Why disappeared because the rapper stop talking about it? Yeah. We don't have we don't want you thank you. We'll move on so I don't understand why this is such a hard concept to understand. There's a perfect case study. Yeah, they they blew up Iceberg. They approached Iceberg but and welcome to Iceberg says no, they start their own company Iceberg falls off the cliff of the earth their cubby at they start they sell for quarter billion dollars in eight years. Yeah. I mean I did that with the look at two so they Crystal and that turned it on and there on that turned into a space baby and I tend to do say so, I mean cool you don't want us to drink your stuff. We'll make our own. When will we learn when we listen? I don't know. I don't know. Can we just on Burberry Burberry really quickly? So the new city is like if you seen a new city like it there's no I did on purpose right? So the creative director That burberry's now Ricardo teaching and he's been like known for in the fashion world for many years. He was a great director at Givenchy and Jason his name in a song to write coddle teachers to be chichaja clothes rather. So my thing is like yes, is he from the our culture? No, but he's he been around enough. Absolutely, right? He collaborated with Kanye to dude watch throwing album cover. He did the massage table. Yeah. Good music when they put out their Cruel Summer he did the cover with him. He's collaborated with Jay and Beyonce for their tour. He same thing with Rihanna. So he's been around a culture know there's no reasonable explanation why you would be the creative director you saw that this design was coming down the line and you pressed. Okay. I'm not the worst part the worst part is that they apologized and in any apology. They apologize. Yeah suicide suicide. Yes, we're sensitive about suicide. Yes, we're not. No, we're not. Yeah, but and then they say ratio and Insensitivity here is not something to be joking housings of black people were lynched in the south over a hundred years. Is that racial insensitivity? It's lynching today. Don't even apologize for that aspect of well. They I think that one of the models apologize and they cut her quote a little bit. So she did apologize. I mean one of the models who was in the show did not want to do them to do this, right? She was like listen don't don't do this is ridiculous. You shouldn't walk down. On the runway with this and they went ahead and did it anyway and in that was part of her apology that's suicide is not something that we should joke with and then the racial insensitivity but again, like who okayed that to go down your Runway, you know what it doesn't even matter who cares stop supporting. Yeah, or just take it but I'm asking for an apology. Somebody know how to treat me and my accent for them to apologize to me. Yeah. They were a show me who they are. I believe them when they show you who you are. Somebody shows you they are you should believe them save save your apology. I'm good. All right. Okay guys, thank you for rocking with us. That is the end. But before we leave we want to announce some exciting news. We got some big things small. You guys are asking about YouTube. It's here. We are on YouTube now, I will be posting a link. We will be posting a link on our page. I'll post a link on my personal page. We already have the YouTube channel. Ernie. Alicia is YouTube. You can go on please subscribe Please Subscribe and then we will have other stuff that we have coming down the pipeline as well. Yeah, we got some cool things coming down the way and before we go on this episode, I would be remiss if we didn't wish you a happy birthday and uh, another another year another another year of Pisces and Pisces Nation. Yeah before the so happy birthday to you many more my brother and I thank God for rock and rollers again. We said the feedback is always appreciated and the people are reaching out from different parts of the world. Keep them coming. Let us know where you're from and we'll definitely keep going as long as y'all keep supporting. Thank you. Peace.
In Episode 6 we discuss Zion Williamson, March Madness reaching a billion dollars in revenue, the extremely complicated financial breakdown for college sports, the difference between the money in college basketball and college football and we examine if student athletes should be paid while they are in college. We also discussed Colin Kaepernick’s settlement with the NFL, the money play behind how the national anthem became a game time ceremony and the concept of paid patriotism. In addition we took a look at the recent racist fashion controversies with high end fashion brands. We discussed if these happenings are calculated marketing decisions and if boycotts are effective. https://anchor.fm/app  · Talk Money With Mesh Lakhani Podcast: On The Talk Money with Mesh Lakhani podcast, Mesh will follow paper trails, chat with experts, and break down complex ideas to bring clarity to the mystical financial phenomena behind your finances. 