← Money And Wealth With John Hope Bryant
Money And Wealth With John Hope Bryant
Speak Wealth: Learning the Language They Never Taught Us
00:23:50
Loading summary
Transcript61 lines
- [00:00]
iHeart Podcast Announcer
This is an iHeart podcast. Guaranteed Human.
- [00:04]
Bowen Yang
Well, the holidays have come and gone once again. But if you've forgotten to get that special someone in your life a gift, well, Mint Mobile is extending their holiday offer of half off unlimited wireless. So here's the idea. You get it now, you call it an early present for next year.
- [00:19]
Jay Shetty
What do you have to lose?
- [00:21]
Bowen Yang
Give it a try@mintmobile.com Switch limited time.
- [00:25]
iHeart Podcast Announcer
50% off regular price for new customers.
- [00:26]
John Hope Bryant
Upfront payment required $45 for three months.
- [00:28]
iHeart Podcast Announcer
$90 for six months or $180 for.
- [00:30]
John Hope Bryant
12 month plan taxes and fees.
- [00:31]
iHeart Podcast Announcer
Extra speeds may slow after 50 gigabytes per month when network is busy. See terms Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. Learn how podcasting can help your business. Call 844-844-IHeart.
- [00:50]
Bowen Yang
Seems like just yesterday that the Two Guys Five Rings podcast was in Paris for the Olympics. And now we're heading to Milan for the 2026 Milan Cortina Olympic Winter Games. I'm Bowen Yang.
- [01:01]
Matt Rogers
And I'm Matt Rogers and We'll join at 93 countries as Two Guys Five Rings hits the Italian Alps for the 2026 Milan Cortina Olympic Winter Games.
- [01:11]
Bowen Yang
Open your free iHeartRadio app. Did we mention it's free? Search Two Guys Five Rings and listen now.
- [01:20]
Menelik Lumumba
1969. Malcolm and Martin are gone. America is in crisis and at Morehouse College, the students make their move.
- [01:28]
Hans Charles
These students, including a young Samuel L. Jackson, along with Locked up the members of the Board of trustees, including Martin Luther King Senior. It's the true story of protest and rebellion in black American history that you'll never forget. I'm Hans Charles.
- [01:42]
Menelik Lumumba
Our Menelik Lumumba.
- [01:44]
Hans Charles
Listen to the A Building on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [01:50]
John Hope Bryant
Welcome to Money and Wealth with John Hope Bryant, a production of the Black Effect podcast network and iHeartRadio foreign. Hey, hey. This is John Hope Bryant and this is Money and Wealth podcast series Season 2 on iHeartRadio on the Black Effect Network. And this is a bonus episode. You'll start to see and hear these from me between main weekly episodes. I will do these when I believe there is a special content that is worthy of your ears and your minds and your hearts, but may not necessarily take up a full 45 minute episode. So here's one I think is important, based on really smart people I've been talking to who are unfortunately ashamed to admit they don't understand. Like, what's a stock? No one ever taught them how. How would they know? How could they know? How could they know what equities are or the definition of, you know, this or that they're reading in the Wall Street Journal. People feel ashamed, but for no good reason. It's people are not dumb and they're not stupid. It's what they don't know that they don't know that's killing them, but they think they know. There's an old Southern saying, no matter how much I love you, my son, or my daughter, if I don't have wisdom, all I can give you is my own ignorance. So out of good intentions, we pass down bad habits from generation to generation. And I've heard this thing about stocks or equity and not understanding what it is. I've heard it from a friend of a member of my family who is early 20s. I've heard it from celebrities who trust me to be vulnerable. And I'm so honored by that. So this episode, this bonus track is called and please share this with your friends. Please talk about this in the barbershop and the nail salons and your. Your club parties, your fraternity sorority meetings. Let's start having real conversation and make financial literacy the civil rights issue of this generation. Let's start talking about civil rights. And not just civil rights. We need civil rights in the streets, protections, red rooms to keep bad things from happening to good people. We also need civil rights in the suites, right? To make good things. Create an environment where good things can happen to good people and get people up and out of their travails and their problems and to start climbing the ladder of opportunity to be. To become the change they want to see in the world. To be aspirational on purpose, to have a business plan for their life, to move opportunity into ownership. So let's start this with the language of money, Part one. Decoding the language of money, Part one. Here we go. This is a stuff that no one's ever taught us, but now you'll know. The truth is a foundational financial vocabulary. Share it with your friends. You can't win the game if you don't know the rules. And if you can't know the rules, if you don't speak the language. That's what this bonus episode is about. Learning and sharing the language of money. So I didn't always know the language of money. I got my first financial literacy lesson in a home economics class which doesn't exist largely anymore. And my mother was a great grassroots investor and I learned a little from her. And then I'm just nosy. So I just, you know, always ear hustling from people around me and always tried to make sure the folks around me were smarter than me. So this is not. A dumbing down of anything. This is a new sort of Wall street street talk for your future wealth. This acknowledges that you were never taught this, but you need this. We live in a capitalist democracy. Little big D. Sorry, big C. Capitalist little D democracy. Unfortunately, we've put our culture inside of our economy versus putting our economy inside of our culture. And so this is a reality that we live in. We must understand this system. So why this matters. Financial ignorance costs more than financial mistakes. Most adults in America can't define compound interests, but this is the absolute key to wealth. We've been taught to get a job, not how money works. We know how to make money, but not how to make it work for us. Let's break this down. Here's some basic money terms that are uncorked and decoded for you. Simple definitions, real life meanings. You can write this down, put it on repeat, put it on replay as you're walking the dog, as you're jogging, as you're exercising, as you're hanging out with friends, as you're doing your chores, as you're commuting. You can put this on repeat, share it with friends, make this go viral. Let's go. Let's go through some terms you were never taught and people assume you know. Income. Yes, we're going to start with income. A simple definition. It's what you earn from work or investments. See there? You can make income from non work. Here's a interesting truth. Money makes more money on money than money will ever or can ever make on labor. Hello. Remember that one. Money can make more money on money than money can ever make on investing in labor. So income is what you earn from work or investments. And let me give you a real inside track here. Those with real wealth don't want any more W2 income, which is basic regular income. They want capital gains income, which is from selling or disposing of assets. And by the way, it's the lowest tax rate for a source of income. Another point, another, another time. So here's the mindset connection of that. You can't budget what you don't measure and you need to budget. I've learned that the hard way in my life. No matter how wealthy or not you are. You need a budget, expenses, what you spend. Simple definition, mindset, connection. Rich people flex. Wealthy people plan. Rich and poor tends to be loud. Wealthy tends to be quiet. Yes, there's a difference between rich and wealthy. Rich is a contract. Hello, assets. Here's what an asset is not. An asset is not on your ass.
- [09:48]
Menelik Lumumba
Okay?
- [09:49]
John Hope Bryant
It's not on your ass for you. Want to clean this up? If you're sharing this with younger people. An asset, what you own that makes you money. I'll repeat that. An asset, what you own that makes you money. Some of you heard me talk about good debt and bad debt. Good debt is tied to something that appreciates in value. Bad debt is tied to something that depreciates in value.
- [10:13]
Hans Charles
Does your dessert game need a makeover? Scoop it or swirl it. That's the sound of an ice cream.
- [10:18]
John Hope Bryant
Shop on your countertop.
- [10:19]
Hans Charles
Ninja creamy turns almost anything into flavor flawless ice cream Sweet, indulgent or macro friendly treat. Repeat. Get your Ninja creamy today. Welcome to the A building. I'm Hans Charles our Menelik Lumumba.
- [10:32]
Menelik Lumumba
It's 1969. Malcolm X and Martin Luther King Jr have both been assassinated and black America was out of breaking point. Rioting and protest broke out on an.
- [10:41]
Hans Charles
Unprecedented scale in Atlanta, Georgia. At Martin's alma mater, Morehouse College, the students had their own protest. It featured two prominent figures in black history, Martin Luther King senior and a young student, Samuel L. Jackson.
- [10:58]
John Hope Bryant
To be in what we really thought was a revolution.
- [11:01]
Menelik Lumumba
I mean, people were dying.
- [11:02]
Hans Charles
1968, the murder of Dr. King, which traumatized everyone.
- [11:07]
John Hope Bryant
The FBI had a role in the murder of a black Panther leader in Chicago.
- [11:13]
Menelik Lumumba
This story is about protest. It echoes in today's world far more than it should and it will blow your mind.
- [11:21]
Hans Charles
Listen to the A Building on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [11:28]
iHeart Podcast Announcer
Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only iHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business? Think iHeart streaming radio and podcasting. Let us show you@iheartadvertising.com that's iheartadvertising.com Seems.
- [11:59]
Bowen Yang
Like just yesterday that the Two Guys Five Rings podcast was in Paris for the Olympics. And now we're heading To Milan for the 2026 Milan Cortina Olympic Winter Games. I'm Bowen Yang.
- [12:10]
Matt Rogers
And I'm Matt Rogers. And will join athletes from 93 countries as two. Two Guys, Five Rings. Hits the Italian Alps for the 2026 Milan Cortina Olympic Winter Games.
- [12:20]
Bowen Yang
Open your free iHeartRadio app. Did we mention it's free? Search Two Guys, Five Rings and listen now.
- [12:32]
John Hope Bryant
Mindset, connection. Your assets should work harder than you do. Now, that's gangster. That's making smart sexy. We've been making dumb sexy for way too long. We've dumbed down, celebrated it, and now it's time to make smart sexy again. Assets. Your assets should work harder than you do. Liabilities. What you owe, that costs you money. Mindset, connection. Debt can build wealth or destroy it. I'll repeat that. Debt can build wealth or destroy it. That's why I talked about good debt and bad debt. So a liability, like a knife, a butter knife. You can use a butter knife to butter bread, or you can turn it into a weapon. And if you work hard enough, cut somebody and do damage. So you decide what that is, whether you believe you can and whether you believe you can't. You're absolutely right. Is the glass half full or is it half empty? Depends who's looking at the glass. Credit. Simple definition. Your financial trust score. Okay? And I love credit and credit scores, as you know, because it's neutral. To quote my friend Melody Hobson, I like math because it doesn't have an opinion. No one controls it but you. You. You are in control of it, literally. And you can change it yourself. Literally. Mindset, connection. Credit is not cash. It's character. With numbers, credit is not. Cash is character, as in your character with numbers. Credit comes from the Latin root word credito, which means credibility, essentially. So it's not even about money per se. Interest. Simple definition. The cost or reward of borrowing money. Mindset, connection. Interest can make you poor, richer, depending on which side you're on. Are you earning the interest? Are you paying it? Compound interest. Now it's starting to get interesting. Definition. Earning money on your money. Repeatedly. Compound interest. I'll repeat that. This is so important. You make money during the day. You build wealth in your sleep. Thank you, my friend Tony Wessler for giving me that shorthand quote. He's a billionaire and a business partner and a dear friend who owns the Atlanta Hawks and is chairman of Aries Management. Another billionaire friend of mine is CEO of Aries Management. Both of them taught me a lot about the next generation or the next iteration or the next level beyond just being rich and lifestyle. They taught me about real wealth and back me in one of at least one of my ventures. And I'll never forget them for that. Of course I had to pay them back and all that stuff, which I did. But I appreciate them pouring into me. And now I'm pouring into you with them and others pouring into me. Now I'm pouring into you. So let's now talk about the mindset connection around compound interest. This is how the wealthy make time their business partner. Compound interest is how the wealthy make time their business partner. I want you to really think about that. That's why I say you can, you can abuse some of my money. I'll let you abuse some of my money, but you're not going to abuse my time. Money is just transactional. It's a way of transferring value. I can get more money, I can't get more time. Guess what poor people tend to waste, by the way.
- [16:59]
Menelik Lumumba
Time.
- [17:02]
John Hope Bryant
Which turns into wasting money. But anyway, I do remember a time where money was more important to me than time. I was in the. I was a hustler. I was just trying to, I was just at too much month. At the end of my money, I was chasing it, just trying to pay the bills for the, the, the cutoff notice when in effect. So I do get it. I do understand stages and phases of life. You'll be able to listen to my podcast where I talk about being homeless and talk about those times when I struggled. So go back and listen to old podcast episodes and ones coming up and I'll unpack that. So I'm not being insensitive. I am explaining that you reach different plateaus, you should always fall forward and you want to get to the point where your time is more important, more important than actually the currency in your pocket. And this is about mindset shift, by the way, because all poverty except sustenance poverty, which is a roof over your head, food on the table and reasonable health care. All other forms of poverty are mindset based. That's why I want you to read my book, the Memo and Up from Nothing, my last book, Financial Literacy for All and my new book coming out next year, Capitalism for All. But that's another discussion for another time. Yes, I just dropped something on you very casually. I've not even mentioned to the public yet my new book, stock simple definition, ownership in a company mindset connection. When you buy stock, you become a little owner, not a consumer. I love that when you buy stock you become a little Owner, meaning an owner that happens to be little, but you don't are no longer just a consumer. So you can own a little stock or you can own a lot of stock, but you're an owner. If you buy one share of a publicly traded company, you have the rights to have the same financial information on that company as somebody who owns all the stock of that company or the majority of the stock of that company. Okay? So I want you to think about getting one stock of a company that you admire or you use and asking for the financial records for the entire company and studying them using my podcast as a knowledge scratch pad and beginning to learn these terms and these frameworks for building wealth. It's all right there. You can even buy a fraction of a share. It's called fractional investing. And you can go to my team at Operation Hope and they will give you a free coaching scholarship because we're funded in a way that allows us to pass the blessings on to you. So you can get a coaching scholarship for between 1,000 and $5,000. That will begin to walk you through like it's a private banker essentially for you for a year. And it can answer questions like how do you set up a fractional investment account? We won't advise you on what stock to own, but we will advise you about the power of stock ownership. The mindset connection is really important here. When you buy a stock, I'll repeat, you become a little owner of that company, not no longer a consumer or just a consumer. You can do both, by the way, be a consumer and be an owner. A bond definition. A loan you give to a company or government. Did you know that? Or bet you didn't know that? Most people didn't. A bond is a loan that you give through a bond issuance to a company or a government. Here's the mindset connection. Wealthy people don't just buy things, they lend money to nations. Drop the mic. Wealthy people don't just buy things, they lend money to nations. Now you're talking about real power. That's why elected officials listen to wealthy donors. One of the one of the many reasons, which includes campaign contributions, etc. But you can't do much of your poor to change the system, unfortunately. I'll talk about the law and how it's a unfortunately intertwined with capitalism. I'll get into that in another podcast of lessons even I've learned about the law. So. And how it works when you're poor and how it works when you're wealthy. But let's stay focused here. Net worth definition. What you own minus what you owe. What you own minus what you owe. Here's the mindset connection. This is the true scorecard or scoreboard of wealth, not your income. I'm gonna repeat that. This is the true scorecard or scoreboard of wealth, not your income. I'm much more important than mine. I'm much more concerned about. It's much more important to me what my net worth is rather than my income. It used to be a time where all I obsessed on was my income. You may not think you have a net worth. That's not true. Sit down and write down all that you own and you will be surprised, I believe, at how valuable you already are.
- [23:08]
Hans Charles
Welcome to the A building. I'm Hans Charles.
- [23:10]
Menelik Lumumba
Our Menelik Lumumba. It's 1969. Malcolm X and Martin Luther King Jr have both been assassinated. And black America was at a breaking point. Writing and protest broke out on an.
- [23:21]
Hans Charles
Unprecedented scale in Atlanta, Georgia. At Martin's alma mater, Morehouse College, the students had their own protest. It featured two two prominent figures in black history. Martin Luther King Sr. And a young student, Samuel L. Jackson.
- [23:38]
John Hope Bryant
To be in what we really thought was a revolution.
- [23:41]
Menelik Lumumba
I mean, people were dying.
- [23:43]
Hans Charles
1968, the murder of Dr. King, which traumatized everyone.
- [23:47]
John Hope Bryant
The FBI had a role in the murder of a Black Panther leader in Chicago.
- [23:54]
Menelik Lumumba
This story is about protest. It echoes in today's world far more than it should and it will blow your mind.
- [24:01]
Hans Charles
Listen to the A Building on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [24:08]
iHeart Podcast Announcer
Run a business and not thinking about podcasting, Think again. More Americans listen to podcasts than ad supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only iHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business. Think iHeart streaming radio and podcasting. Let us show you@iheartadvertising.com that's iheartadvertising.com Seems.
- [24:39]
Bowen Yang
Like just yesterday that the Two Guys Five Rings podcast was in Paris for the Olympics. And now we're heading to Milan for the 2026 Milan Cortina Olympic Winter Games. I'm Bowen Yang.
- [24:50]
Matt Rogers
And I'm Matt Rogers. And we'll join athletes from 93 countries as Two Guys Five Rings hits the Italian Alps for the 2026 Milan Cortina Olympic Winter Games.
- [25:00]
Bowen Yang
Open your free iHeartRadio app. Did we mention it's free? Search Two Guys, Five Rings, and listen now.
- [25:09]
Jay Shetty
Hey, I'm Jay Shetty, host of the On Purpose podcast. On a recent episode, I sat down with Nick Jonas, singer, songwriter, actor, and global superstar.
- [25:19]
Nick Jonas
The thing I would say to my younger self is, congratulations. You get to marry Priyanka Chopra Jonas. And also, you know, your daughter is incredible.
- [25:28]
Jay Shetty
That's beautiful, man. Yeah, thank you. It's so beautiful. I can see that got you a little.
- [25:33]
Nick Jonas
Yeah, for sure. Our daughter, she came to the world under sort of very intense circumstances, which I've not really talked about ever.
- [25:44]
Jay Shetty
Growing up on Disney in front of millions, how did that shape your sense of self?
- [25:49]
Nick Jonas
I went blank. I hit a bad note. Then I couldn't kind of recover, and I built up this idea that music and being a musician was my whole identity. I had to sort of relearn who I was. If you took this thing away, who.
- [26:01]
Jay Shetty
Am I listen to? On Purpose with Jay Shetty on the iHeartRadio app, Apple Podcasts, or. Or wherever you get your podcasts.
- [26:13]
John Hope Bryant
Diversification is a phrase thrown around that most people have no clue what that means in a financial term. Here's a simple definition. Spreading investments around to reduce risk. Here's a mindset connection. Never let one thing ruin your life. So now you now understand why I don't just recommend cryptocurrency, no matter how many times somebody asked me about it on social media. I tell you, do what you want, but don't use your rent money to buy cryptocurrency. You need diversification. If that's going to be one of the things that you do of your third budget. You have a living budget, an investment budget, and a speculation budget, then so be it. But it cannot be the own. In my opinion, it cannot be the only thing that you do now that you can speak the language, you can now build the house. You just learn the ABCs of money. I've decoded the language of money part one for you. The next step, start using these terms in your daily life. I want you to check your net worth every month. I do. I want you to pull your credit report once a quarter. I do. I check my credit also every couple days because it changes on a weekly basis on average. And then you have different credit reports. You have a consumer. You have a credit report for credit cards and one for mortgages and one for business. Is different kind of credit reports, credit ratings. I want you to invest $10 a month in a fractional share. Don't tell Me. You can't do that. You waste that on custom coffee or a bad lunch. I want you to read one financial news headline a day. This is simple stuff. You can start with Money is a language and wealth is fluency. Every great builder starts by learning the words. I'm going to repeat that. This is a new kind of rap. Good people. What did Jay Z say? I'm not a businessman. I'm a business man. What was a 444 album? Financial literacy album. Here's the quote again. Reaffirming mindset. Silver rights mindset. Money is a language and wealth is fluency. Every great builder starts by learning the.
- [28:52]
Menelik Lumumba
Words.
- [28:56]
John Hope Bryant
You now speak. The language of money. At least part one. And once you can speak it, you can negotiate with it and with others and build wealth with it. I want you to send this podcast episode to someone who you want to win, someone who never got the playbook, just like you. I want you to join me in a absolute, passionate, obsessive mission to make financial literacy the civil rights issue of this generation. To go from civil rights to include now civil rights. Not just build blue red rooms to keep bad things happening to good people. Organizations that fight racism, intolerance, bigotry, fraud, abuse, all. But now to create green rooms that create opportunity for good people just like you. All right, so here we go. We've just unpacked the Language of Money, part one, and now you are powered and empowered to walk confidently into discussions with your friends and your co workers and your loved ones. And you know what they're talking about, too. Maybe you might now start the conversation. Now, isn't that new? All right, John o', Brien, this is money. Well, this is a bonus episode of the Language of Money, Part 1. If you like this bonus content, let me know and I'll do part two. John o', Brien, Money and Wealth. I'm out. Money and wealth with John o' Brien is a production of the Black Effect Podcast Network. For more podcasts from the Black Effect Podcast network, visit the iHeartRadio app, Apple Podcasts, or wherever you listen to your favorite shows.
- [30:57]
iHeart Podcast Announcer
This is an iHeart podcast. Guaranteed Human.