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Just go to Helix sleep.com Leisure take their two minutes sleep quiz, and they'll match you to your customized mattress that will give you the best sleep of your life. They have a 10 year warranty and you get to try out the matches for a hundred nights risk-free. They even pick it up for you if you don't love it, but I'm sure you will right now. He lives his offering up to $125. All mattress orders for our listeners at Helix sleep.com / Leisure, that's Helix. Hele IX sleep.com Leisure for up to a hundred and twenty five dollars off. All right guys, welcome back. We got a very special edition today hear me, but are you at leisure podcast? - so shout out to New Orleans day and no sure for sure. This is looking for me. I'm in yeah the fob 0.050 for travel for boys. Yeah. Yeah. Yeah, one of the best things about the podcast is that we get to travel and we even put out traveling we get to meet people from all different parts of the world, right and different cultures and different dialects and just different cultures. It's just it's really dope. So yeah, we we got my God Wall Street rap, but here today he going to tell him Are we going to educate us on the stock market all kinds of stuff what once again I want to give a shout out to New Orleans because I always say like New Orleans they got every every place in America has different accents right depending on what you at but some places just you can't miss it. It's like this thing right Baltimore and New Orleans. They got they own especially new all North might have the strongest accident. What does that mean? This is mean my God. God my young friend my God is like saying like how you use that? Oh, yeah. So yeah. So yeah. So this is this is an exciting episode because we covered stocks before but we more on a surface level. Like it's like one-on-one education. So I think this would be a little bit more of an advanced conversation and they guessed they have expect different backgrounds. Everybody's path is everybody's past is different and that's one of the things that we really like to highlight with only your podcast to is that it's so crazy because we have people that graduated from Harvard. Hmm. We got people that come off the street corner right school. All right now about to say it beauty of it. Is that education can't be Be measured and just one particular way, right? It's Limitless are you know walls to it exactly I'm saying exactly someone man. Wall Street rap is a perfect example of this so she'll give the people a background. So you you learned about the stock market while he was incarcerated. Yeah, right and then you came out and he was telling me that she was actually working as not a foreman into the iron or iron iron our client worker, but at the time you was like saving like seventy percent of your income, and he was invested in the stock market and from there you just Developed a system that you put in place and you were able to quit your job and now you're a full-time investor as well as you have an educational platform as well to teach people to invest so it's inspirational story. So I'll so yeah, can we talk about that? So, how did you all right, how did you get involved in a stock market? And how did you learn about stocks? So I was in prison for like 10 years, right? I did ten years for ten. Myrrdin robber. All right, that's 60. I mean, yeah, I was 16. Yeah without 16 charged as an adult. So I got in a fight with these three dudes in a cell with me and they did was called they ran a train on me. So that's when you fight three. That's when you fight people back to back without a break and I didn't win it's three against one but I felt I had enough in me to the sarge come right so I was bust up but it would bust up right so I go down a hole. Was it a solitary confinement and I'm in the hole? It is white guy. Right and I guess it just was like on his brain because he just saw so many black people in like real talking about the was just bothering him. You'll he like when I come to sell them like Furious like my mom, you know, like I'm just I mean, I'm still in that moment. Yeah, and he lied. Hey bruh, uh, he was like y'all are playing the wrong game. I like you think it's a game bro Shadow game. See we got going on. Well, yeah, he was like, I don't mean no disrespect by but I'm like, well, you've really been disrespectful right now found like I ain't trying to hear that man like, you know, but I calm down, you know, and he was like I indulge in that conversation with him was like, so what do you mean? And so he just told me he was like you ain't here for, you know shooting somebody. The average person who's in here is on some drugs shooting somebody something like that. Y'all playing the wrong game. So I'm like, well you were here with me. So what game you're playing so you can tell what kind of charge somebody on body wristband? So if it's if you want if you want to capital offense of violent crime, like I was on you'll have a red band that's murder attempt murder carjacking kidnapping. If you have a drug charge, it'll be an orange band if you have a misdemeanor charge, it's a yellow band. If you are a federal offense, it'll be a white and red band was so he had a white and red band so I knew it so I'm like what you in here for that. So he was enough for embezzling some money from his business 2.8 million dollars. Those are those little white collar crime you did. So he kept 800,000 know he paid restitution 800,000 and kept two million. So I'm thinking he lying so I'm like, well one thing about prison is if I see your paperwork, it'll tell me what you're here for. He showed me paperwork and I was like, oh like that got my attention. And so he just told me three things that wealthy people do is they stop trading time for money. It gives value to people and he let the money work phone and the best ways for you to make money is through the stock market through real estate and through a business and that's me paraphrase in it. And because he told me to stock market first that's what I went with and so through a remainder of my prison sentence. I just educating myself about it. Because I don't know how this is gonna sound but I just saw a whole bunch of white people on TV talking about millions of dollars all the time foreign language. Yeah, like I was like yo, what is this family and so in prison is crazy because a bunch of grown men. Love to watch Like The Young and the Restless bro. All right, it's crazy like Guiding Light and stuff like this but like they love to watch that. So instead of making that a fight I would get up before them and watch the stock market early like 8 o'clock in the morning. CNBC yeah, I will watch CNBC in like early in the morning and I will be like I just used to watch it was painful because I didn't understand a lot of numbers running them. Yeah. I was like, what is this lot of colors had another dude was from Connecticut and he used to get the USA Today. And so he used to let me look at his USA Today and I would use that and look at the stock market back and forth. That's how I got the language started making sense to me because we're than reading an interview. I got to read the actual business section of the USA Today. I got to actually see you know, what I was trying to recall it in my brain. I would see it in the newspaper and so once it became like regular I started reading Rich Dad Poor Dad, which I got introduced to buy my home. He was doing a twenty years for manslaughter. So once I got into Rich Dad Poor Dad, it was a mindset shift more than it investment book. And so the to aligned because I understood at that point. This is how we plan our own game. Everybody know I know how to sell dope everybody everybody that I don't know. That's what they do even with my mom's. You know, I saw my mom's get shot. You know when I was young when I was about nine. I saw my mom's get shot and then like right the next year. I saw my cousin gets shot in the chest. So everybody I knew was in the same. Here these people talking about stocks on the ship millions billions and that's just blew my brain. So I just stayed with it and I got understood it. So that was me just getting into the stock market right now. So and then I guess you from there you just consumed as much information as you could well in prison, you know, you can you got nothing but time you got time you got time to don't got time because you got time because I ain't going to no club or nothing, but I still got to work every day, you know, so I were in Collins is not the cut you off but in New Orleans you actually work right like like I want a chain gang but like you work outside. Yeah, so I got transferred to prison you Angola. I went there for a little while okay to help them with some sandbags. That's the penitentiary, you know, that's the penitential C-Murder. Yeah, that's the penitentiary but I was in I was in two spots one call DCI, not DCI Phelps Correctional Center, and then they transferred me for smoking weed. So they made me a high security risk. And so when I went to a Maximum Security Prison, that's when I got on chain game when they got a working cell block so they got a real Chain Gang still. Yeah. Yeah, we probably have no more but what you want to work in cell block, that's what you've done you I cut trees down for about a hundred and ninety days how much you got paid? ASAP a day, yeah. No, he's a now or you can stand out so that he was yeah, but when you in this work and cellblock, you don't get no pay you don't get no pay that's punishment. That's like that's the jail within the jail and that's something that this is a little off topic but it's really not because it all comes down to finances but that's something a lot of times people don't fully understand like when they make these documentaries 1313. Yeah, when they talk about like free labor and stuff like that. There's it's a billion-dollar industry is or as prisoners working. Yeah, but they're not getting its Free Labor. Yeah, but So that's what happened. That's the mostly that's the yo check this out. Just imagine this imagine driving on a highway and you see acres of land. Now you see machines knowing that so just imagine I'm the machine. So every day three of us is take four of us to cut a tree down because three of two of us going to chop it down and two of us going to be rooted. You know I'm saying like it may take us a week to do that. But just imagine they got a hundred of us out the 200 of us like in a year's time. We going to run through that bitch, you know I'm saying and then they just gonna okay. Well since we got 18 million acres of land, let's just go to the next passion. Okay, we don't got no more trees right now. Okay. Well y'all gonna plant mustard greens you going to pick daisies it's whatever we got y'all. You know, I'm saying we can find out by whatever. Y'all gonna do it, you know I'm saying so that that in itself you got to do that. One of the things about learning is that becomes very exciting and you could feel it in yourself when you grab something. So I'm just Envision as you're learning about stocks, right? Yeah the end up environment with like this dude's really trying to learn and are you trying to teach at that point right? Like how do you share like all this wealth of knowledge are people who like ain't trying to hit it right now, right? So the thing about about prison some of the smallest people you'll ever meet is there. Mmm like I'm talking is a smart like I got all my a lot of my tattoos and done in prison, but they're done with an actual like done like a real tattoo gun that he made. Yeah. So your mind the mindset of people in prison, are they with it? You just got to present it to him. So for me, I wasn't into teaching faiza. I was I was a sponge for it. But because everybody everybody is reading something like you got do is reading on metaphysics. You got to do a reading on Islam you got to do a reading on Christianity. You got dudes reading on five percent Nation like everybody trying to tap into something. You know I'm saying so for me, I was tapping. It not real estate is some a lot of dudes in prison tap into a lot of booze into prison tap into real estate because it's what you see in Rich Dad Poor Dad is like It runs through prison his run through prison. So for me when I was reading stocks, it was like we different I was like by myself. Anyway, I know what you're reading for you like man Arena stock market share, but this is serious. Right and I work but I would actually get the paper and read it so I didn't really get into the teacher aspect of it. So I came home like once I came home they were receptive to it because again not saying like I was just giant got er something in the streets. I was just a regular dude. Hood just getting it out. Hi, everybody else get it out of the hood. You know I'm saying so but my perspective was different. So we learn from who we can relate to and who can break the message down the best. So for me, it was simple. Bro, we like to wear designer clothes. I love Louis Vuitton. I love Gucci. I love Radha. Don't forget Fendi. I love finger-like. Love Fendi and all my homies drink, hen. There are old own. Well, most of them are owned by a business called lvmh over you make sure which the guy is like in the top three richest people in the world. Yeah. So if Louis Vuitton Moet Hennessy on YSL and neon Louis Vuitton and need on Hennessy and their own mouette and this is we bind in a club it feel different when you own it. So I like to tell my partner's if we going to go to the club why not just own it and now we flexing different we stunting different because now we own Hennessy. So everybody you pop is your own business that was intriguing to you know, like cause I like real you got my God. I'm now you got me and then it was with Tim's likes this company vfc. Like they own Dickies the own Timberland they own. Veins so I would sell my home is like bro. We were at Tim's every day. We were at Dickey's every day. Well, that's own it and they were like you got my own I'm like yo, like if you buy a stock in the business, you are literally a shareholder. You got a piece of the pie. You got a piece of pie bro, so they bought into it and so once they bought into that the next thing was Yo, check this out. If you go to prison. And you come home. You don't have no money. So now you're scrambling again. You taking a chances again, but what if everything we hustled for we put a portion of it in the stock market because that was the initial purpose, right? It was her girls. Let me help. Let me help you down the money clean the money no money because we always looking forward to cleaning money and they looking for us to have a laundromat. Are they looking for us to have a co-wash a barber shop right in our plan is to be smart enough and I probably be exposed in the game right now. You feel me? Like Sally says don't worry. Yeah, but for me it was if they don't think we that smart we have the advantage right because they not expecting it. Even when it's great for a situation when he when he kicked my doing a 2010 model got kicked in the ram shake my house. They even took my Escalade, but they couldn't take it because I still was paying a note on it. They looked at all my bank accounts, but they never looked at what I had invested that was never even an option going. It wasn't even the people. He not that smart. Yeah - I'm saying so the initial goals me bro this how we clean money just how we can you know get advantage in the game that part resonated and also it was like, okay, let's say we got because we run it nobody runs through more money than the dough boy and a strip of yo. Nobody fact that's a fact. No, but all facts well, but maybe a rapper probably a rapper and exactly know but he got a check. We talked every day and a half. He got to get a check every week. We talk an everyday hand a hand. That's why you not touching it like that. But you know, he's he blows it. He blows same principle, but it was because we touching money every day because we touching it every day all day like yo, Life for me. It was not I can eat this. I was making about $2,000 a day easy. It's none of me to take. Okay, I'm gonna take some time now to put that in a stock motor. I quit I guess nothing. It's just it's just that quick. Yeah now he's even easier so it's like, okay. Let's say you go do a 10-year bid. And you got you don't accumulated twelve thirteen fifteen thousand dollars before you got pop if you go do a 10-year bed and your money in the stock market when you come home depending on how to start performing on the market going averages nine to ten percent. So you'll 10 bands. Are you 20 bands can easily be an extra $10,000 over 10 year times man and you and cause you ain't do nothing with it and you reinvested everything now, you ain't got to come home. Bramble You know I'm saying you don't have to come on with Grandma no more. You you up you you literally beat the game or if you gotta lay down for a long time or you get killed you left your people some Yeah at the peak of it. How many how many people did you have everybody my hug everybody the whole where you from? What part of Mamma Mia City says right across the tracks from 17. Well Lil Wayne, you know, everybody said well, that's up to you. I'm right across the track from that. Okay right across your tie from that so like my hood kind of like we like we from the 17th to you know that from that part like Went to school together. They came all the track they dealt with our people it was it was a good thing. But then right across the on this side is like the third world. You know I'm saying. Yeah, so it was like it's complex. But if we understand it, you know I'm saying but I was right across the tracks from right across track from Holly rule. So like like everybody in but I came home everybody who I dealt with and that Circle we was with it, but it was with it and they still with it. Yeah. I know that he's still with it. So Change the narrative for real. That's what's for me. That's what it's about. It was about me like one of my partner's told me to. He say bro. Y'all probably believe this out. He say bro. You ask what nigga in the street nigga body? And I was like what she was like because you think different. Like we would have never thought of that and I am I weak like, okay, how can we take this money and go get a business and you thinking about buying the whole damn business like that's some next-level shit. Yeah. I mean, you stole you talk about that a lot that the feeling of ownership the power of ownership. What was it? Like when you got to see your partner's actually have that feeling for themselves that was better than anything. That was a euphoric because I knew at that point we touch something and nobody never told us. Mmm. Nobody never told us about investing nobody everybody. How to blow money work for it blow it work for it. That's the way the system design is designed for us to make money and spend money. That's why I did that's why companies spend billions of dollars on marketing ads because I think that's why people spend two million dollars to have the Super Bowl commercial for 60 seconds. I need to be in your face. It's the same reason why we listen to us on one time like it but you listen to it three full-time on a radio you love it. Now, you know the words to it same thing I'ma put in your face enough. You're going to buy it. And even with this I learned that colors. Like every fast-food place if you think about it, what color is their logo right red leader red signal red makes you hungry. Red makes you hungry That's the whole psychological again. And we all know about like red. I study that like red is a color that makes you say I'm hungry. Think about it like majority of them are red. Yeah, so I was like, yo, we just plan a you just not playing this game the wind like it's not in our favor. Oh, I'm not mad at the system though. He's got to find a way to Chicago to play the game. You can't even beat it. You got finally play it playing the wrong game. You playing the wrong game. So for me when I went once my partner's tapped into it. I was like, oh, yeah, we went we doing something like, you know, we doing something. Alright, so the next step we're going to talk about how to play the game. It's gonna bring up to date. on the stock market 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 talk money with mesh lakhani on Spotify or Be looking to your favorite podcast and learn how to spend invest in earn in today's economy. Alright, so now we're going to talk about all right, so you made the transition from the street. Well prison to help in educating Brothers on a street corner and then you were working and then but gradually working you still saving investing then you made that journey to being a full-time and that's the entrepreneur educator. So, all right, we're going to talk about some Concepts as far as in so stocks if anybody's not familiar, that's something that is very near and dear to my heart because That was like one of my first passions in life. Okay, I'm big I was in love with the stock market. I was like 11 years old. He's like every it was very I look back on it now and it's very strange, but it was like my favorite movies was like Wall Street and like, you know, raise Barbarians at the gate, you know, I wanted to be a corporate takeover right out of the first career I wanted to do when I was 12 years old people like what do you want to do an Irish kid is like, you know basketball player. Fire. Fire fire won't be a corporate takeover. Mmm, Gordon Gekko himself. Intriguing to me. It was just really intriguing to me. I want to Wall Street. My dad took me to Wall Street when I was a kid and I just I was always just intrigued by how fast it was moving and it's closer to them and he'd been around Finance. Yeah I'm saying so it was just shaking. So so I say that to say yeah, this this is something I definitely was looking forward to having this conversation. I just because like I said Real Estate, we everybody's in real estate and real estate is important. It's extremely important to own the land and to own buildings and to own stores, but I think stocks Rocks don't really get enough light. They don't especially in our community because it feel like it's something that's too complicated over their heads or it moves at a slower Pace then something even though real estate can move at a slow pace to but people are like we said off camera, they they're fascinated with the quick flips like that mean so it's like people if they do get involved in investing trading they want to go like crypto for EXO. So like I was saying with even eight ball not that word again. So so also because it's not tangible, right? That's all they don't see the tangible assets. They don't they don't fully understand it. Yeah, it will still don't fully understand it. So alright stock market investing right talk about what is your theory but with from buying and holding and day trading because that's kind of like the to two trains of thought and investing is like day trading anybody not familiar with a tree. That's when you actually buying a stock and you're trading it in today. Sometimes like within a couple of minutes and you're getting your profits where By hold is more of your buying and you're holding long-term that long-term could be six months a year 10 years 25 years, but you're not looking to make a quick decision. So what's your what's your theory between buying long-term and day trading so with buying long-term? That's what a wealth is that because when you buy long-term, you're not affected by the short-term plan strategies that go on in the market and you can't control that. So because I can't control that. I want to say I'm willing to wait that out. Right, whereas with d treating is a hi. Is like yo, it's just went up somebody get this bread and I'm going to get out but what people don't tell you about a tree and I have nothing against because the money in it but those capital gains taxes that come with it. Come on eat away at your profit, right? You're right with stock market with the way I invest. My goal is to just hold it at least for a year and a day. So let's talk about that. So capital gains for most people. It's like 15% for the average person. Nah, twenty twenty-nine twenty-eight short-term capital. Oh, yeah you go. You don't go at 18. Yeah because long-term capital gains 15% Yeah. So yeah, so short term capital gains. Yeah. It's a higher. Yeah. So capital gains is when you sell a stock you gotta pay taxes on that. And as you said upon the prophet and the short term capital gains is More the long term can be which is an incentive to hold it in a long-term capital gain started a year, right? Yeah. So if I got I bought a stock $100. I made a hundred fifty. I'm paying a tax on the fifth. You going to pay a tax on the 50 right now if you hold it for a year and a day you only going to be about 12 percent. Mmm. If you hold it for six months, you'll be about 22 verse. Yeah, so there always is and so the goal in Building Wealth in is simply it is it's not about how much money you make it's about how much you keep. And that's a fact if I'm so for me, I want to keep as much as I can. And so if I got a hold for a year in a day, I'm cool with that. I'm cool with it because I've gained equity in it. And if they paying dividends on I got some I don't got full quarters were the dividends. I demand my bread. I'm good and see that's the part of like trading that people don't talk about. Yeah, right. It's like you said it's not sexy. It ain't sexy and they want they want short-term gratification without you know being in it for the long haul. All right and the thing about it is that It nothing happens overnight nothing and you don't you don't build wealth overnight as well. And it's important. I always tell my clients Financial Violet tell my clients all the time you have today, you have to diversify like you can't put all your eggs in any one basket right and diversify so you might have real estate, but it doesn't it's not healthy to just put every dollar that you haven't I'm gonna write it does. It's Common Sense. Yeah for a lot different reasons. Yeah, but stocks is is a key wealth building tool and should definitely be part of So some of my most people are investing in stock market without them even knowing it because of the 401K plan, right? So dividends, right? This is something that we haven't covered and a lot of people have heard of dividends, but they don't fully understand. What a dividend is. So what is a dividend you said? That's one of the strategies you use it a lot in stocks with. Yeah with it. So happens is Dividends are a portion of the profit that companies pay to people who are invested in a business not the revenue but the profit so if I have a business that brings in $10,000 a month and I Prophet five thousand dollars a month then out of that $5,000. I'll take a percentage of that which is called the dividend yield and I'll pay it to my investors as a part of saying hey, thank you for investing in my business. Is it paid equally or is it obviously depending on how many shares you have? You get more not? Yeah. Well it the dividend is the same. So if I pay $0.50 a shipwright every bullshit $2. A Year, everybody gets that depending on how much you have if you got five I have ten he had 15 and we'll all get a different amount. But the underlying asset value is the same. So what are what are some of the top companies as far as dividends these days? What are they? Okay, AT&T pays seven six percent six percent that's major now. They so this is the Dual part. So we talk about real estate, right? The real estate aspect of the stock market which is called Real Estate Investment Trust, which is a Reit a wreath, which is saying I can own Walmart as a business and I can own the people who Walmart pay rent, too. Because they don't own the building. They just own the name. Hmm, like Amazon has a warehouse I can on Amazon and I am also owned the warehouse who paid who Amazon pays the rent too. REITs pay higher dividends. We talked and 12 percent 9 percent seven percent. So individual stocks AT&T Macy's CenturyLink That's a bad business, but they pay a high dividend. That's what's called a dividend trap. We not get into that again. Are they disperse quarterly how to disperse so every business is different. So with a lot of wood the REITs they come out some of them pay monthly. Yes, ma'am. I was telling you that I have businesses. One of my businesses is a poor reality. They own a hundred and twenty-eight Sheratons and Hilton's and 200 and something Marriott. They're not going out of business in his home soon, but they pay me a thing at a 9% rate on their reefs and they pay that monthly so every month they were paying me sir. That's not pursuing the money that you have invested. No, that's not percent of the stock price. Okay, right. So that's all the dividend yield is. So a dividend yield is this if the stock price is $100 and a dividend yield is 5% Then your dividend is 5% of that $100. That's what you're getting paid. Okay, that makes sense. As passive super passive, but you do have to have large amount for it to this is true. But you were saying that you have to start looking at it like okay. There's a pay my cell phone bill. What's your freedom part can't complain that you talk about AT&T, but you got pregnant. He's so happened to me was I started asking myself? How do I buy back my freedom? Alright guys, so a lot of people access how do they make a podcast? So I'm gonna 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 kinds of cool creation tools that allow you to record and edit your podcast right from your phone or computer. They will distribute your podcast for you to all of the major Outlets including Spotify Apple Google and many more and you can make money from your podcast with no minimum listenership. 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, like how do I buy a bag that's problem. Right because it's not given to you just like, you know, Shadow slavery. I'm not gonna give it to you out by back you gotta fight for it. So I was like, how do I buy back my freedom? With the stock market because you can't save to investigate it back. Right? We know that you can't work a bunch of hours to get it back. So the next best thing for me was dividends. So I was like, okay, what do I use everyday? My phone bill AT&T and I have a product. So because AT&T pays a 5 percent 6 percent dividend yield. I was like, okay. I need this many this many shares of this business. To pay off my phone bill every 4 months because AT&T pays quarterly, which is every three months Disney pays semi-annually, which is twice a year and then you have some businesses that pay every month, right? So I was like, okay if I can get AT&T to pay my phone bill through their dividends Full times a year then I have essentially bought back my freedom because I no longer have to work to pay for that phone bill AT&T paying for me. And so you can do that with your if you're in Georgia, you can use Southern Company, which is another great dividend business. How much is your phone bill your light bill Eadie a hundred dollars? They pay like a 3/4 percent dividend figure out how much the dividend is per quarter. How many shares your need of that business and then let that pay your light bill? So if you can give your dividends from a business to pay your light bill in your phone bill, you've bought back some of your freedom because now you can take that money and invest it and do something else with it. So that's optimizing your money. The money is just a tool we know that much. So if we can use the tool to do this supposed to do then we getting maximum value for and that's so once you fully understand investing you start to understand that it's like Spanish, right? So I'm not gonna spend people in New Orleans, but got a few half like 70% of New York is expanding maybe not. Okay 50% of the city. Yeah, 50% of New York man speaking there's a lot so I have to say when you are I'm Spanish enough you start to understand it a little bit better. Maybe might not be able to speak it but you can kind of have a general understanding. All right the same thing with investing hmm, when you around the language of investing it starts to make sense and you realize that they're all kind of similar. It's just like actually do when you learn foreign languages like Spanish is similar to French they all come from like finish Portuguese. Yeah, they all kind of similar. I forget where they actually route came from but long story short of it. Is that what you just said? Plane was the same theory that DJ Envy explain to us. He says that he doesn't buy any liability until he has a set to pay for his thing is real estate. So he buys a home and now he has a home to actually pay rental for his Lamborghini, but I wasn't like that like saying Stella you just bring it down a small level, right? But because I mean that sceeto right if you bring it out small level like well, yeah well and then I can also have to understand too. Is that some people might say, okay. Well, I gotta put I was into a start to get $100 dividend. It's not worth it. But the thing about it is that it's not like you're paying for something you're investing so that mm is going to grow over the course of time while you're getting your dividend. So it's not like you just putting your money into Never Ever Land. It's actually going to an investment that will probably gain value over the course of time. But in the meantime, you're actually gaining income that you can use via the dividend and now you can actually use that to support your lifestyle because like you said, there's don't you gotta find a way to actually make money while you're sleeping. That's what Warren Buffett says right there. If you if you don't make money while you sleep your work together. Yeah, so by doing that now you're actually okay now I can like you said you can focus on K now. I think that now I got to do something to pay. All right, I got to pay my mortgage and I got to do something to pay my car bill and then before, you know it you're not actually paying anything yourself. It's all being paid for you which leaves you more money because that 200 that now you can actually Invest and do other things and just kind of a domino effect like Lord of the sunset was like yo, I treat money like little soldiers. They have to go work Jason but also also he's forgetting something as major the ownership you feel me? So while your money is working for you through the dividends your ownership your Equity is also increasing so that's how you like you leverage the game with that and that's something that people don't and either it's like he was like Well, everybody's got an entrepreneur. I don't want to own a business. There's a lot that comes with owning a business but there's more than one way to own it. But if you buy stock you're an owner and a company that's one that's probably the easiest way to own a business that you're not going to be a majority owner, but doesn't matter if it doesn't you're still owner 1% of something is better than zero it owns. Six percent of Coca-Cola, right? So he's still not a majority owner, but he still has say so and this is the one thing about stock market that I love. I still can vote on every business that I own and they have the acknowledge me. Like I literally bought three shares of Berkshire Hathaway be let's make sure I say that be what's the a lot of different go up to three hundred and some thousand, please there's a difference. There's a big difference. So let me say cuz I won't nobody be like, hey, man, you gotta you ain't got that I heard so I literally bought three shares of Berkshire B, which is which is Warren Buffett's company thing, but yes, I bought my daughter. That's another thing. At three years old. My daughter has five thousand dollars invested in the stock. No. Yeah. I want to talk about that Yakiniku Lomax about that, but I bought three shares of Berkshire be so I could go to the Warren Buffett annual meeting and I had a right to vote on anything in Omaha. Yeah. Did you go I went to nips. That's when everything happened. I'm going next year. Okay, for sure for sure and only you can go is if you own at least one chair. Right, so I was like, okay cool and you actually get to talk to this man. So I'm glad you said about your daughter cuz speaking it actually you when we put I posted about nip you commented on that post for sure about and you were talking about a custodial account for your daughter. So I put a post up that like if you celebrate Christmas or for kids birthdays our suggestion is that you know, if you're going to spend $200 on gifts maybe spend $100 on a gift and a hundred dollars on an investment, right? He was like, well, how do I do that? So I walk you through exactly so it's basically I don't buy my daughter toys. At all, I told her mom and I'm not listening. I'll buy clothes. I'll buy food. I'll buy the Necessities but everything else I'm buying stocks. So just walking. Um, it's called a you gme account. It's a custodial come. I use TD Ameritrade and all you're doing is just like opening up a bank account and you just add your kid to it. And what happens is you have actual control of the account until the kid is 18. Is the kid makes 18 then they have controlled my thing is simple and so this how we shift the Dynamics like that's its ownership stuff is real powerful to me. My thought is 3 and I invest money for her monthly weekly right right. Now my daughter had three can tell you what assets and liabilities are these is a conversation that we have right? She knows I said what dividends come from she'll say dividends come from she'll she'll say that I time she's 18. She will already be six figures her own network. That's powerful. That's a whole nother Dynamic we've put her in a position to have privileged opportunities. Right? Also, we've now established to her the importance of ownership. Right. So what happened with us when we was kids. I don't know about y'all when I was kid money was always scares right wing on the money for that. We got bills, right? All right, that means you know, but now at three she can talk to me about Disney stuff. You know I'm saying so for me, that's what I do everything we do right now her account. She had like 50 500 because I've been buying these weeds stocks because they've been on sale and I bought some for her can it be group? What was the name of your account at the bank the type of account though? It's called a custodial account. Okay, but when you look it up on a TD Ameritrade is called me call you. Gme. Can I go through? I know you said TD Ameritrade, but I do is it over to other Banks as well? Well, I went through you can go through Fidelity. Okay. Charles Schwab, most of them have ye any way any songs government accounts? They have 529 which is a college savings plan a couple different ways, you know, like the file 29 why not because it's boxed in that's true. It's boxed in just you have to use it for college. Well, they actually changed it with the new tax law and now you can locate any form of Education. Okay? Yeah. Yeah. Yeah. Yeah. Yeah. So with the custodial account she used for whatever she want. 18 so that's why it's good for you too. Now you can build that conversation. That's why it's good for us to learn how to invest. Yeah because our kids are going to do they see us doing that's just a natural fact, if we all are creatures of our environment it is this it is it with it is so we start having these conversations with them at a young age. Like her favorite book right now is a book called The Evolution of money, right? She would like that and let's read Evolution the money right and it was you three. You know how to read. Yeah. Yeah. John I think about the must know how we walk through this and I might have failed as a parent. I'm in education. My son. Is these five and he's wrestling out of me. She rishi's I'll say this she identifies words. All right. Okay, so I'm not going to say like she uh, she likes that's good. That's good. Yeah, I'm not gonna see like she helped me on some do gyals. She identifies words. Now that's extremely powerful like you said because the parents have to lead by example, you have to if you don't set an example for your kids, then they're going to get The example just from pop culture world. You see the world like know me. So it's extremely important. Like I said, it's just seeing different people and in conversations and it's like that's one of the cool things about this podcast is like we have these conversations and if it's like we could be like people on the basketball court or judge. I mean like but we actually talking about things that are really important. Yeah, I can have a say so it's like a cool field because it's not Stuck-up it's not fake. It's not phony is natural and a lot of time until yeah people feel like they have to like dumb themselves down. Yeah to be accepted or you can't you gotta watch how you speak because you don't want to sound too intelligent. Right right these things real like I'm glad that that I think that the tide is starting to turn on that. It is actually like I love the temperature that's going on right now just with even with you. You all you know, I'm like bro, like y'all shifting a culture with this appreciate, you know, I'm saying because there are a lot of podcasts out there, right everybody. Everybody has something to say it's a fact it's a fact right? Everybody has something to say any want to see it in their own unique way what I love about y'all have it. However, you going to come speak speak it. Yeah. In fact what I'm saying like there is no he we can't like whatever you want speak about but Is all about the Improvement of the culture as far as you know financial literacy, and I know you was in the finance bro. That's a whole nother life. And actually write that go back to the ownership ownership. Right? Nobody's telling them. All right, make sure y'all cover this is fast. Yo, we gonna put the cameras. Are we gonna put my so hard gonna stop speaking right? It's problem man. I remember you posted something. You said something about ownership something you posted like recently and I love when you pull certain stuff because I can come in and just go hard right? I'll be waiting like come on man. I really like so and somebody complained about you thought it was about taxes. Okay? Okay, and I said the problem is that because somebody said why don't they tell you the wealthiest people think yeah, and so I was like yo, Why would they teach us this in school? It's not that they should teach us. Why would they write so this is a dope analogy that I always use so we know that the lion is at the top of the food chain. All right, so he's not the king of the jungle like we feel like that's some bullshit right here isn't Safari so I'm not gonna say that shit, but he's at the top of the food chain the lion cannot tell The zebra the Impala or the water buffalo how to get a week. He can if I tell you how to get away. What do I eat? Hmm? What do I eat if I become a vegetarian or I eat my own kind? Right, so he can't and if he did they would tell one another how to get away same thing with this. The upper echelon or the financial Predators. We are the financial pray. I can't teach you how to get away. But if you learn I can't stop you. I can't stop you wealthy people don't me wealthy people Rich poor people do because we have no relationship with money. So I can teach you how to get away and what I'm gonna do but I'm gonna teach my kids how to be predators and I'm teaching my daughter how to be a predator not on people but just how to have ownership. It can't teach you that in school. Why would they yeah, that's like yeah, that's what that's what the 5% is say like 85% grew by 10% which is like the bloodsuckers of the poor. Hmm. 5% of the fourth is the Poor Righteous Teachers for eye disease, but we not poor but really I just We got to take the poor part out every day because we won't be going to be paid in full. Yeah. All right there, you know like that because yeah, we gon we gon Liberate the people from the bloodsuckers of the poor. That's what we're here for. 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 episodes to listen to offline wherever you are and it's really easy to share what The listening to with your friends on Instagram if you haven't done so already be sure to download the Spotify app search for Ernie Leisure on Spotify or browse podcast in the your library tab. Also, make sure to follow us so you never miss an episode of Ernie Leisure again. We got you that can we just talk about investing in ETS? Let's talk about yeah. So explain can you explain what an ETF is and then out of the investment? So ETF is an exchange-traded fund. So it's basically this It's a all my people tell me like I just had a dual personality bro. Like I come up with him because I love to relieve the people, right? Yeah. So ETF is like saying this without even getting technical. That's a you going Walmart, right? You're going to Walmart and you don't know what you want to buy so you buy the whole store that's an index fund. Let's say you go to Walmart and you want to buy a specific kind of Pop-Tarts, right? So you go to Pop Tart aisle, and you see so many flavors of Pop-Tarts you like, you know, I just want this whole I'll a Pop Tarts. So you bought a whole out of Pop-Tarts. That's an ETF doesn't make sense. So what DTF is it's a group of businesses that operate the same ourselves similar products example, you want to invest in marijuana, but you don't know which marijuana stock to buy you buy. By either a marijuana ETF called YOLO or you by MJ. And now at this point you have all the marijuana stocks. They're all inside. That's an ETF. Gotcha a trick to that is this you can buy ETF and because they've already done the homework because they don't have the best performing stocks in the ETF at that point. You can see you can go to was called ETF DB which is ETF database. I'm giving out some game right click like you go to ETF database you put that ETF in and they'll tell you every ETF that's in that ETF. And then they'll tell you how much of a percentage of that ETF is holding that business. So it'll say this ETF has 15% of canopy growth. I mean for every dollar you put enough 15% of that is going to can it be grow. You may have 10% of or cannabis. It may have 5% of chromes so you can literally say okay, I don't do the homework. I want to be lazy. I'll go to the ETF see which ones they hold and just pick the top companies in DTF. Yeah that point you went now, you don't know that. Value of it. That's what I that's what I teach people about value how to Value it. But if you just want to be a lazy investor, you can all you can just do that because ETS can have the top-performing businesses in that sector inside the ETF and you just picked up hmm and index funds so index funds would be you buying a whole market now, they are broken down different ways. So you can buy the Dow Jones you can buy the sp500 diesel index and as well. Yeah, you can buy nasty. You can buy the Russell 2000 which are the full Majors. Then you can break it down and say okay. I just want to get a large cap ETF. So that's all businesses that have 1 billion two billion a better, right? So every business in here is going to be 2 billion dollars are better 10 billion. I'm sorry 10 billion are better at then. You can buy a mid-cap which isn't that stop at two billion and then you can buy a small cap, which is business under to Billy. You two billion dollars work under two billion dollar market cap. Yes to the market cap. So market capitalization. Mmm. That's kind of how they categorize stop. Yeah, and I always liked now with you I use like you have giant cat large cap. Those are like, you know giant companies a hundred billion a better. Yeah, then you have, you know made cab and you have small cap and you have micro-cap. Yeah. So the thing is that usually and correct me if I'm wrong the larger the cap the less. So like it's almost impossible for Apple to just fall apart overnight as true as they also not going to quadruple overnight either wear a smaller company good news can send their stock skyrocketing. Yes within bad news can bankrupt them. So it's kind of like a speedboat and a cruise ship like a we work situation. Terrible. We got talk about we were that's called beta which you're talking about the volatility. So if you're going to invest in a stock you can look at the beta of it a low beta Of means it's not volatile a high beta me like Tesla High beta high risk High reward. Right? Right, but McDonald's probably a bit of .9, right so it's not gone. It's not like you not by the way up to Dan mcdonnell's is at 2:30. And tomorrow tomorrow is that 150? That's not about that. But with Tesla you'll wake up today is at 250 tomorrow you can wake up. Is that 180 easy? Right so high beta and the market cap is just simply this. If I have ten shares of my business on the stock market and there were ten dollars a share at that point. I have a hundred dollar market cap. So it's how many outstanding shares on the market time to stock price. That's how much that's how you can tell with the market cap is if a business can we talk about that we work situation about it. So yeah, anyways not familiar. We work was the talk of Wall Street, right? IPO. They were the most valuable. What were the 45 billion coming in? At 45. Yeah something and they fell apart and that a they had to withdraw the IPO. Mmm. CEO guy fire step down step down. He lost his billionaire status. Yes. So today in a day. So that's how people see these stories. They don't fully understand like how it is possible. Like what's your take on that? Well, so shall my people house on a two-month 6. She had me one day because Anita she hit. Issues like travel show the neatest my heart right done. She hit me up when that she was like trap them and I was investing we were I said, oh no you not you not. She's like why I was like man these people don't make money. So one of the things I love about the stock market is it literally teaches you how to be a business man or woman because you look at businesses all day, right? So they're not profitable. Well, a lot of companies are quality finished. Oh, So they aren't profitable and they don't have the revenue to back it up. So like not only aren't they so you can actually not be profitable but still have a lot of Revenue Netflix. Yeah, you know I'm saying but over our Uber but they aren't profitable and they don't have the revenue coming in and it's So when I invest in the business, I look at this. I always look at the inverse meaning if something bad happens How likely is it for this stock of all so we know we were is based off of entrepreneurial space, right? So they rent space Township ignores. So I looked at it like this. They already are not profitable if something happens as far as a recession wise what entrepreneurs rather come sit in a room and their own house in the table and do work and not pay that rent, or would they steal? That right. He probably would cut that ran out. So that business model isn't to me. It wasn't something that has a lot of longevity in it now. Do was a bad seal with a great idea, too? But when he got the bread, he just was on some water. He was on our team. He was awesome Party City Wolf of Wall Street snorting who go the munchies. Okay. I envisioned the lambo seen. Yeah, he had a lot going on and he didn't want heating up it but once with this is the thing once somebody who's a major investor. See you. I'm pulling my bread. Solve bank, which is a yeah. Yeah, once they like you're pulling my bread you like do it on the wrong. They'll be living his life wrong. Now other major investors are like wait a minute. I'm a poor my bread here. We are leaving this shit. Yeah, and so now the people nobody wants to get stuck holding the bag. So the next biggest thing is do you gotta go we don't want you to go but you got to step down because we need another face, right and so he was stubborn for a while like not because he made the business. Yeah, you know, it's Harvey let your baby go because even if you step down, you know, what's coming next the ship be sinking you so I just thought it was a bad. Business as a whole out the get what you think about. Um, I think that it has potential because this is there's a lot of cold working regas is one. Yeah reaches reasons. I like to actually Nipsey speaking of never see ya back to nine factors like tonight. It's interesting what you said as far as economic downturn cause I was gonna ask you about the recession people saying it to come be a recession its interests. I never really thought about that remember standpoint why it makes a lot of sense as far as to say Okay, if worse comes to worse, I'll just stay in my living room right now. I don't have to you don't know if you go into as well. If you don't have to have an office Nah, if you're doing that, right because other than like holding meetings which rise pay soon. Yeah, always okay. That's just not sustainable. Right? Like I might not have meetings every day of every month of the year. I think people are working differently now to it's kind of a whole business model to actually go and like I have also probably go to like once a week then you don't need To physically go into an office like and you have there once a week. But yeah, you know I'm saying like what's the point? It's not the same equal to just like lay your mind seems I'm just going I gotta leave the suburbs. Yeah for a minute me. Go ahead. Well, yeah, you don't need it. No, you're right. So that's what that's what I thought about it. Now the bad part. Some of some of them are actually profitable. So at that point the whole dynamic of the business changes because if you're a profitable business in an economic downturn so now we're going to tap into something deeper car free cash flow, right? So this is the money that a business has that's not attached to anything. So it's a very pity bills and after they pay everything they still have this will Apple is like one of the has the biggest watch us here like Yoda a free cash flow is like crazy. Yeah, it's like a hundred and ninety billion. So what happens is in case of an economic downturn. They still have money to to keep the business going. If you are profitable business and you have a good free cash flow. You can still sustain for a given amount of time. If you are negative all around the board you're going to collapse. And so for me that's something I look for in a business. I need you to have a moat which is a competitive advantage and I need you to have a good like free cash flow. I need that to be positive. So when you look at a business, what are you looking at? You looking at the earnings report? You you do you like? What do you what do you actually look at? How do you evaluate with? All right, so I look for a few things like so Is like me looking at a woman known of to move out in like I'm on the bodice. Let me get pretty good to know pads out. Right so you you have what you look for and then you have what's there? Right and then you ask yourself? How does this fit to what I want right? So what I do is I look at the first thing I look at is this I never look at the stock price. Because the stock price is only based on how you and I feel about it. All right. So first thing I look at who's running the business and I put this on my page all the time how a person runs a business tells me a lot about the business because if you can't man if you can't run the business, I can't make no money. So I'm gonna look at when did you get into a position of the CEO? How did the business run before you and what have you done since you've got taken control of the business? That's first Or move so I want to look at managing. My first the next thing I'm going to look at is do you have a Competitive Edge? Right? So like what makes you better than everybody else? What makes you sustainable? So for instance if you bought Coca-Cola, so you have to ask yourself this if you are a retail business What is your shelf domination look like how do you dominate the shelves? So if you go into sodas Coca-Cola dominates, but if you look at the overall business Pepsi does Pepsi has more products, but if you look in that sure beverages. Coca-Cola nominees, even when you go to a fast food store, they're predominantly co-product whole process. Yeah, they're called core is one of those things where they coined the name like coke coke. Yeah and so one and soda now it means being over when your name become synonymous with something you have a Competitive Edge we had that conversation is like Bandy being goals like Paulo we can go home. That's taller shirt. Yes. That's a polo even if it's like cool shirt is a polo shirt. Exactly. So I'm looking for that doable. Is and now we're going to tap into earnings. So I want to see me. What have you done the last eight quarters. Have you beat earnings the last eight quarters meaning? Have you made profit the last eight quarters? And then I want to look at your free cash flow. I want to look at working capital, which is Current assets and current liabilities meanings what you have in the knees next 12 months. So it's something happen in the next 12 months. Is that money positive if it is negative we got an issue. It's not bad, but we got an issue if it's positive and I know you can hold it down. It's like having money in a savings account. So we're when you looking at all these things are we looking? What are we looking through Publications? Are we going to a site? Like it's like - yeah so - so Face value you can go to Yahoo! Finance just face value you go to Yahoo! Finance, and you can do the numbers. If you want to dig deep you go to that company's quarterly report annual report. So what happens is this another thing like why a lot of stock market if you're a public company You have to tell people what you're doing formation has to be public. It has to be so even your competitors get to see what you're doing. So that's what I do. Like if I like a business. I want to see what the competitors doing. And then I won't see how are you at matching up to what they're doing. Are you shifting that way, right? So I want to see are they how they moving toward the future because we know every two years the business cycle changes. That's why when you hear like on CNBC, it's like, oh their quarterly reports coming Engel and so every half Everybody has to do it. And so if it's a dividend paying company or you increase in those if you increase from know that mean you have some profitability because no business can consistently increase pay me more money if they don't have money. So we talk about the education. I'm going to deep fry. No, no man is perfect. So, all right. So the education right? You got to own your own platform. So what what made you what made you want to want to do that and educate? All the people with knowledge that you have. So what happened for me was? It got me all the Trap literally like I stop hustling start sending we start robbing. Stop selling Coke. I started putting all my money in stock market and at that point, I wasn't worried about nobody shooting me. I got shot shot twice my leg once in my ass. And almost got kidnapped when I was 15, like I was halfway inside a trunk. for me it was like I can make money doing this shit. Excuse my language. And I ain't gotta worry about nothing. It was it was synonymous with hustling for me. So that's another reason why I love it so much is because me actually breaking down a business is like me bringing on a pack. Yeah, that's great. Like one of the things I heard you say in one of your videos was like yo this comparable to the streets holler. I was people would have known. Yeah, it was all time. This is like comparable system is that they the biggest gangsters So once I learned that again my whole movement started and this ain't gonna get nobody shout out to all my trap has that is rocking with me, right but my moving wasn't for everybody. I'm not for everybody. I don't relate to everybody. Everybody won't relate to me and that's cool. I was straight for people from the streets because I felt like I could teach you something that nobody told you and I gave us the leverage and so a friend of mine was like yo you need to put that I don't like Instagram mind you like I'm not even much. I wasn't the Instagram person. Like, you know, I'm not about to be taking these pictures talking to these people like that, but Once I realized how powerful it was like the courage was like yeah, let's talk about it. And so once people started telling me yo, I'm investing in stocks because of you. It was bigger than me at that point. And the greatest way for us to grow real talk. I've learned this you'll get stagnant in your knowledge, even though you can learn you can read you learn more when you teach other people. Absolutely. Absolutely you learn more when you teach other people. And so people have unique questions in order to be a good teacher. You have to have these prolific answers, but they have to make sense. Yeah, so it makes you I don't want to say dumb it down, but it makes you like dig deeper into your your mental for text in like how can I make this sound like apples and oranges? Yeah, or even if they're not grasping it. Like how can I modify it to make sure that they get it like when I first went into education like they had me teacher health. Right. I never wanted to be in a classroom and it was a challenge every day. Like kids would come with questions and I'm like and do I really do I even know the exact appropriate and exactly I have to go learn now the exactly for the next day I come. All right. Yeah you go. So that's the best way so once that happened. So what are you what are you teaching people that you're working with? Are you teaching them like step by step like how to get into the game how to evaluate stock like all of the above? So I Right. I have different levels but I get into okay. So I meet people at their level there is no like one size fits all so I actually have I have three ebooks. So the Wall Street travel 101 while you're traveling or two while she tried one two, three shut up falling away before the way the name on the fourth track going number five motivations apply the street and they want to pull tug motivation for an actually have trap of flashcards. And this was a project that I used. I used them on my daughter's mother. I was like look teach her these spend about 20 minutes a day. Just teaching her these cards is digital in about three months. She was like a oh, I won't open up an account. So at that point, I knew it was suitable for kids and adults. So one of my courses is called jumping off the porch everything I do is related to the streets. I did as I was going to say like everything you do is synonymous with shriek old. Yeah, right like phone even Wall Street travel we even get into that obviously trapping we know it. Yeah, like you say is like synonymous with somebody doing illegal things in an area right Wall Street is synonymous with people who come from wealth, right? So when you think that like let's convert has come through the other and now Like that's it. We don't play on that and that was a name the name of the business is from the tribe of Wall Street did that's the name of my business. So my first is called jumping off the porch and what that does is we don't even talk about stocks. And now I literally because one of the things is people want to just jump into the stock market. You can't jump into a fight. If you don't have a strategy you don't have a game plan. So with the jumping off the porch course is we talked about finding your style of investing. So I map out three or four different styles of investing and you can you can figure out which one best fits you then we go into why Equity is better than cash and then we go into three different strategies that are real simple on how you can put your portfolio together. So once you take that cause now you have an understanding of okay now I know how to get in the game. You have a strategy The next thing I have is called Welcome to the Trap. That's the beginners course. We just go over the basics how to stock market Works how to set up your account index funds ETFs things like that we go into some other things and then there's Wall Street trapping Wall Street trap and we go through the basics and then we tap into like what to research how to research a CEO with activities. Are he doing that puts us on alert how to follow Big investors to see what they're doing. So every so often every month big investors like Warren Buffett, they have to report what they're buying. So I teach them how to look at that. That's a good gauge. I teach them what the research the fundamentals balance sheets as income statements cash flow statements where ratios to use to find an actual valuation of a business. Like I walk you through the process. So when you finish that you know, you felt like you met the plug so how's that was my next is like Wow Wow Wow Let's talk about the plot because the plug pack is just something that's very unique that no one's really doing now, so I looked at the game and It was like, okay, like what are people doing? Right and so with me I know that people have bought into me right it cool. I want to learn stocks, but I bought into trap up like so that's a connection right there. And because everybody learns different even if you buy the course, you still might need somebody to walk you through the course because even though it's listen, we all learn different some people are visual and some people just need like look how Oh my hand and just do it. If you hold my hand and walk me through it like you I'm gonna kill it. So I'm like, all right, I'm gonna go to people like I'm a literally fly out to you. So that's what they need to plug is is literally you get the Wall Street trap and course and then I come to your city and I walk you through the course and then I walk you through whatever questions you have about the course of about investing if you already have an account we going to audit the We got to make sure your shit set up. Right. So if I live in Detroit plug is coming to Detroit coming to Detroit not only thing about that is if you live in like the back was I'm not coming to the back where you don't go to where the airport is and we gonna meet up at a we were here give me some room, but that's what they need to plug is is actually me coming to you and then I give you four phone calls directly to me. After that, so we have this we do lunch my treat with the meet the plug we walked through the coast. It's a full day. We do like through hours and we eat lunch we go through it like you're going to because what happens is and I've learned this with a mastermind. I just did with my big Brotherhood of states is once you start talking to people in person, you know, you never know where that conversation goes. Mmm. And so now when I see you on a gram you what I always good try by gonna always good Tim because we've It a connection now, it's not as you bought the course. I mean you bought the clothes. I love the support and I'm you know, I'm rocking my travels but once we have that connection is like it's a relationship now because I've literally flew out of the Pokey we talked with a lunch and all kind of stuff that happened at that point. So it's powerful man. Thank you. Thank you for joining us. My pleasure. I'm glad that you crazy because like you said you didn't reach out to me. I just heard shots my man Matt. I don't know who told me. He's gonna be in New York right thing. Max said, he's going to be in New York write you up. Are you interested in coming in the podcast people? Like people ask like your what's the process to be in the park most of the time it's my intuition today. We're on the right choice have I failed yet? Yo, man, we hundred four hundred. They said we like bad boy in the 90s, you know, y'all know but Jesus y'all none, but Jesus hid member his think this is definitely going to be somewhat some episode is going to live forever. Yeah. Yeah and shout out to Q. He introduced stocks on our podcast. 15 takes it out. Yeah, and this is like now this is a full like circular of the stock market for sure. Y'all got Heavy Hitters. Come on y'all I kind of was like yo, I'm oh they got heavier and you made it to the green room right there. So like we we back in the way back in the crib. The information was extremely valuable, but just a story too. I think it's extremely inspirational. Motivational and I think that you know, it's bigger like they say, it's Bigger Than Rap. I know it's bigger than just business like real people fight me. Everybody's got their own personal journey and to see people overcome adversity. Yeah, and it's see people, you know, put their minds to something and you know, like I said, it doesn't matter where you come from. The game is the game. The game is the game is to get it ain't going nowhere. Yeah, so he's not going well, so we just got to play it. You got to make sure you playing the right one got a play. That's a fact learn the rules play the game man. That's a fact. So how can the people contact you what's your social media handles and all that. So I'm mostly on Instagram while under School Street undisclosed Trapper as on IG YouTube is just Wall Street wrap up. I got the University www.travelphilippinesnow.com. Comm check that out and I got a podcast while under School Street on school travel on Google Play I listened to a couple episodes and like I've been lagging bro, but I gotta get back on it kabhii locked in there. Yeah get back on because that was me and my role as form like I get to just talk my talk without no, you know, nothing going on like I would get up in the morning that would be in the morning for me because that's what I'm freshest. Like my my don't slip my mind. I marinated, you know, I don't eat no meat so I'll be feeling good. I feel like good your me. So I got to get back on my podcast is on but they definitely can check them out definitely and that's all anchor and Google Play and Spotify. So check me out on that Wall Street trap throat Roy housekeeping item. Yeah. Shout out to everybody on patreon. We got a long list man. I'm gonna go down a shout out to Morgan Melissa Mario Elise Tanika. Rahmel, Calvin Brandon J. And Brandon M. We actually had a convo with him the other day he's doing Agent things and hopefully we'll be able to do some stuff together. These are the new members well and shout out to my man. Brian Falls man before that's that's a HomeTown Duty. Actually we when we did the episode about Trucking what Alex? Okay. He had just bought a truck. Okay, sounds like bro, you gotta hit this episode and then we've been linked up since so shout out to him. He actually joined patreon just to show some support like we grew up together, but he just wanted to show some love. So shout out to everybody that's on patreon.com all our patrons as you notice five kids. You can join any tell you Like and continue to support it allows us to do things like traveling and get people on that people have been asking for and so shout their bodies are doing that and everybody that's been purchasing the merch honoring your leisure.com. You know, I'm sure it's up there. It's getting a little chilly out in New York. So God hoodie. Hoodie season is back looking Seasons back if I wash each apple. Yeah, but he's in his back. So that will be up there in a few varieties and I'll torture to there too. So we got La we got Brooklyn we got Houston Atlanta Chicago in Philly Philly Phil. He's next Philly Philly. Yellow Marigold affiliate have a benefit all you gotta pop. You gotta pop up on Isabella. Oh, yeah, it's crazy. We coming back. A date yet, but soon. Yeah, definitely. Let me know. We we got some in DC. We got something coming for DC that we are excited to hopefully we're going to talk about that in the near future but DC is going to be special. Yeah, this is a beautiful city. Sure. So yeah, both sort of books upon a week is none other than our guess he has three ebooks Wall Street travel 101 102 and 103. You did a wonderful no way. So make sure - oh, you caught those we're gonna get those phone on my website Wall Street travel.com, but Link in my bio. Y'all know the cliche packaging also speaking of links in the bayou. So everybody well, if you didn't know I'm a financial advisor. So if you want a 30-minute free consultation, you can go to unleash the.com. My calendar is up there. It has three areas specifically retirement Investments and insurance if it's not related to that don't know I can't your brain got it. I can't help you with Offshore Banking fact, I can't help you flip a home that it has stuff. We have guessed that bring on the podcast that can help you with those different areas. I'll do some real right here. So anybody that you booked something with you? I'll do another 30 min and one for free myself it is there you have it. So you let me know what you tell them get in touch with me. I'll do a 30 minute with him myself. All right, how's that sound? I got it is Supply the streets man. It's a All right guys, we'll see you next week. Thank you for rocking with us. Peace.
Leon Howard aka Wall Street Trapper grew up in the turbulent streets of New Orleans. His mother was shot in front of him when he was 9 years old. He took to the street life early and was arrested and tried as an adult at the age of 16 for attempted murder and armed robbery. He was found guilty and sentenced to 10 years in Louisiana state penitentiary. He was introduced to the stock market while he was incarcerated and fell in love with it instantly. He read every book and newspaper he could get his hands on and watched CNBC every morning religiously. When he was released from jail he began working as an ironworker. While he was working he invested 70% of his income. After putting together a strategic plan he quit his job and became a full-time investor and entrepreneur. He now travels the country to teach other people with similar backgrounds about stocks and investing. He credits the stock market for changing his life and getting him out of the cycle of destruction that he was raised in. He now is on a mission to help educate as many people as possible about investing to provide a level of hope that he was not afforded as a youth. He’s 100% self-educated but his knowledge in stocks is on par with an investment banker. In episode 44 he covered and explained every area of stocks in detail. He covered REIT’s, ETF’s, Indexed funds, he explained his strategy in evaluating a company to know if it's a good stock to buy, he explained how to set up a stock account for a child and much more. He also explained how anyone can buy back their financial freedom by way of stock market investing for income. Guest IG: @wall_street_trapper Boot Tip: Wall Street Trappin 101, 102, & 103  ---   This episode is sponsored by  · 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. 