← Money And Wealth With John Hope Bryant
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- [00:00]
Charlamagne Tha God
Listen to me. This is Charlamagne tha God talking. If you're not on prime, you're missing out. Prime's not just fast free delivery, although that is definitely a big perk. It's a collection of excellent services that help you get more out of whatever passions you're into or getting into. Like right now I am really getting into past life regression therapy and there's so many books about it on Prime. So you can order books with prime or even listen to content on Amazon Music. Whether you're binge watching the latest on prime video, listening to music on Amazon Music, or getting those last minute gifts dropped at your door with prime, same day free delivery with customers get closer to what they care about. Whatever you're into, it's all on Prime. Visit Amazon.comprime now.
- [00:38]
Osvaldo Jin
Do you want to see into the future? Do you want to understand an invisible force that's shaping your life? Do you want to experience the frontiers of what makes us human? On tech stuff we travel from the mines of Congo to the surface of Mars, from conversations with Nobel Prize winners to the depths of TikTok to ask burning questions about technology, from high tech to low culture, and everywhere in between. Join us Listen to tech stuff on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [01:09]
Ashlyn Harris
We all have a moment that splits us Wide open. On my new podcast, Wide Open with Ashlin Harris. I'll sit down with trailblazers from sports, music, fashion, entertainment and politics to explore their toughest moments and the incredible comebacks that followed. Listen to Wide Open with Ashlin Harris, an iHeart women's sports production on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [01:35]
John O'Bryant
Presented by E L F Beauty, founding partner of I heart women's sports.
- [01:39]
Erica and Mila
The OGs of uncensored motherhood are back and badder than ever. I'm Erica. And I'm Mila. And we're the hosts of the Good Moms Bad Choices podcast brought to you by the Black Effect Podcast Network every Wednesday. Yeah, we're moms, but not your mommy. Historically, men talk too much and women have quietly listened. And all that stops here. If you like witty women, then this is your choice. Listen to the Good Mom's Bad Choices podcasts every Wednesday on the Black Effect podcast network, the iHeartRadio app, Apple podcast, or wherever you go to find your podcast.
- [02:10]
John O'Bryant
Welcome to Money and wealth with John O'Bryant, a production of the Black Effect Podcast Network and iHeartRadio. Yo, John O'Brien. This is Money and wealth on the Black Effect network. And today's episode is quite special. It is the answer to dei. It's Beyonce, actually. Yeah, you heard it right. I'm going to say it again. The answer to DE and I. Diversity, equity and inclusion. In the debate raging today, what is the answer? It's Beyonce, actually. What do I mean by that? Today we're going to talk about Beyonce and her historic album of the year win at the Grammys and what that means for the conversation around diversity, equity and inclusion. Or as I like to call it, inclusive economics, a phrase that I began to coin with my brother Charlemagne, thy God, who has this enormously popular morning show, the Breakfast Club, where I first broke my philosophy around what I thought DE and I really meant, which was really research and development for new markets is where you cultivate the future. It's R and D for companies and for communities and for the country. But it's been weaponized and politicized. So let's put it aside and have a real conversation about the stuff that really matters, and let's get into it right now. Here's the big idea again. Beyonce is the answer to D, E and I. We're in this new era. The best way forward for African Americans and others isn't about begging for a seat at the table. It's about building the table and becoming so good that we can't be ignored. Or as my friend Stephanie Rule would say, expand the table and add a seat. Beyonce just showed the world what it looks like when you dominate a space that was historically not built for you. And in her particular case, it was country music and became the standard. I'm going to say it again. Beyonce just showed the world what it looks like when she dominates a space that was historically not built for her. Country music and became the standard. Think about what that means. Think about how serious that is. And there's no hate on anybody else's. No. No shade on anybody else's. It's not putting anybody down. I mean, she paid the highest compliment to country music by participating in it, by wanting to be part of it. She'd already dominated other genres. She had already killed it in our popular culture for African American music. She could have done a lot of different things. She could have done some predictable things. She could have gone into spaces that were easier pathways, and she went into an area that no one expected. And I'm sure most people questioned country music and absolutely killed it. Beyonce's trailblazing impact. She just became the first black woman to win album of the year for a country album. Something unheard of decades ago. She didn't wait for permission. She delivered excellence on her own terms. What's the lesson here? Economic power doesn't come from waiting. It comes from owning your skills and proving your worth in the marketplace, the marketplaces of ideas. What's a patent? It's a monetized idea. What's the biggest country's biggest economy in the world? It also is the places with the most patents, where it's places that have no economic activity. They're dying places that have no patents. Places that are stuck in war, Stuck and stupid. Arguing about, well, arguing to argue all the time. These are places in the world that are not progressing. But a patent is a monetized idea, and Beyonce is a walking, talking, singing patent of excellence. Think about this. What's the parallel to business and finance? Just like Beyonce took over country music, black entrepreneurs and professionals should focus on dominating their industries, from real estate to technology to finance. You can't change the rules by arguing. You can change them by winning. Beyonce is not alone, by the way. She's my real framework for this conversation. And I'm going to go through a roll call of enormous success stories before I finish this podcast episode to give you a wider lens of what's possible when you focus on the right objective. But let me just give you some easy ones. Dr. Dre dominated in music and then pivoted. Anybody, Anybody who's of color who started off in sports or in music and became a billionaire did it by pivoting to business. But it's not an easy pivot. Who did that successfully and dominated in two areas. Dr. Dre and then Beats by Dre. Okay, the headphones, which is now a, you know, a billion dollar enterprise. Michael Jordan, basketball and then Air Jordans. Okay? Merchandise, tennis shoes, in his case, Magic Johnson basketball. Switching to business. Multi dimensional Magic is a friend. And somebody who I work with a little bit after the Rodney King riots in South Central LA in 1992 would have been admiring his success and rooting for him ever since. We should be rooting for each other's excellence. The Williams sisters dominated in tennis, a sport that supposedly black folks could not, should not, would not have not succeeded. Look at the black Forbes 50 list that just came out in December of 2024. I happen to be one of the people included in that list now. Come back to my story in a moment. But look at that list. That, that is, it's the opposite of mediocrity. It's. It's Excellence on steroids. No one on that list is going to be denied. And they're from a broad cross section of killing it. Not killing you, not killing me, not killing somebody else. Killing it. Like being the absolute best in their industry, in their chosen profession, by the way. You can't make this up. Coincidence is God's way of remaining anonymous. That's an Andrew Young quote. While I'm doing this podcast episode. Can't make this up. One of the fellow nominees, fellow awardees in the Forbes Block 50 list who really in some ways is in small part or no, in a part, a large part. I mean, a small part of our history, but Our timeline of 32 years at Opera show, but a large part of a demarcation where I got legitimized of my success in really saying to the world, this guy is real. Just emailed me. None other than Oprah Winfrey, who's on this list and is one of the people I had planned on identifying. Actually, when I sent her a note, I said, you are the standard bearer for the race. And I mean it. I mean, she is as close to black royalty as it gets. And she killed it. Coming from nothing. Being shortchanged on her credibility and her talents in Chicago, being short shifted by being told that she could only be a newscaster, a broadcaster, a local. Do this traditionally. Read the script, don't get off message. And she decided she was going to create a national platform, a national show, and then do it her own way and bring spirituality in it. Initially, people did not follow her, but she stayed with it and became the absolute best at what she did. Killed it. Oprah's not black. She's global. Who happens to be proud. The fact that she's black, right? She doesn't run away from it, but she doesn't hide underneath it. And she's not trying to get a discount because of it. She stands on this mantle of excellence and says, you can do it too. And she gave me the Oprah Winfrey use your life award, which during the Oprah Winfrey show when she did these awards and I had my mother and father on the show, it was a moment I absolutely treasure. And she said to the world, John Bryan is somebody. And the rest was up to me. I believe in the James Brown version of affirmative action. Open the door, I'll get it myself. And thanks to her and others, I have been getting at it. But no one gets it there by yourself. Right? But no one owes you anything either. When you get that shot, you take it and you own the field. You own the field. And you make people who are rooting for you proud that they backed you. Don't embarrass them. And always be humble and be appreciative. Quincy Jones, another mentor of mine, another iconic doer who's now doing it in heaven, once lifted Oprah Winfrey up. And then, of course, he was so proud of Oprah that he put the Oprah suite in. In his home that I've stayed at before. God rest again. God rest Quincy's soul. So Quincy helped Oprah. I think it was Color Purple. Oprah helped me and a range of others to come up. Who are you going to help? And I'm sure there's no doubt in my mind that Beyonce is already leaning in. As she said in her acceptance speech, this is all about opening doors. Beyonce's trailblazing impact again. She just became this iconic figure that you never take this away from her. That went from one genre to another, and for the first time ever, became album of the year for country music. The new conversation is inclusive economics. Whether it's black or white or red or blue, meaning race or color that people want to argue about, really, the color is green, as in US Currency, at least here in the United States of America. But it's always been about green. We just have been distracted with other, well, distractions. What did Malcolm X say? We've been bamboozled. We've been tricked. We've been fooled. We've been hoodwinked. Right. And we've been emotional, and we now need to get focused on what really matters. And when you get emotional, it's easy to be deceived, to be disillusioned, to be dismissed. De and I has been weaponized, I think, for political purposes, but it doesn't matter. It's been weaponized. It's been hijacked, and it's been played with and been made toxic in many ways. As a brand. Some companies are rolling back their diversity programs. I've talked to a number of these CEOs who run these big companies. They're good people. They basically said, I'm still going to keep. I'm still committed to these values because it's good for business and they're good people, but it's also just good for business. They just don't want to have a flag out there that says, come hit me over the head if you disagree with me politically in making them a target. So they've backed away. Most of these CEOs are good people, backed away from the label, but not the cause. There are a few of these companies that are disingenuous and didn't mean it when they did in the first place. And I won't name those companies because that's not the way I roll. By the way, here's my philosophy for life. Talk without being offensive, listen without being defensive and always leave even your adversary with their dignity because if you don't, they'll spend the rest of their trying to make you miserable. It becomes personal. So I don't spend time arguing with stupid people. I mean to argue with the foolproofs. There are two I think Again, I like math because it doesn't have an opinion. That's a Melody Hobson quote I use a lot. And you're about to see the math is really here, all that matters. So we need a new framework. De and I has been weaponized and played with. We need a new framework, one based on economic empowerment. That's why I call it inclusive economics. It's about participation, not politics. The data that proves this approach works is from the Business Plan for America which I wrote and you can look up on my website Operation Hope and download all of the data and go through it for yourself in as much detail as you like. It is there and it is unimpeachable. It's sourced, it's fact based, it's not emotional, it's not partisan. It's not Republican or Democrat or black or white or urban liberal. It's not rich or poor. It's just data and it's, it is. And no one's ever argued with these numbers. I've never had one person institution would ever tell me that the numbers are wrong. They, they just try to ignore me and hope I'll go away. I'm not going anywhere. Again, we're just getting louder with this message. But when you. But you don't need to scream and holler because when you got the power, you don't need to use it. Step over mess, not in it. Here's some power for you. Black buying power. Over $1.8 trillion yet underutilized in asset building, entrepreneurship growth. Black businesses are growing at the fastest rate ever but face major capital access gaps. In fact, after the pandemic the fastest growing group coming out of the pandemic were African American black owned businesses. And the fastest group amongst all fastest group were black women owned businesses. In fact it was the fastest group, it was the fastest growing group of small business owners since 2004 after the pandemic and now I believe it's Latinos by the way, so kudos there. Homeownership impact. Closing the black homeownership gap could add over $3 trillion to the U.S. economy. Did you hear what I just said? This is, these are real numbers. Closing the black homeownership gap with financially literate, well prepared new home buyers could add over $3 trillion to the U.S. economy. So the Delta, the difference between black homeownership and their mainstream counterparts, Reed White it's about 30% and that's where this $3 trillion comes from. You know, fighting the good fight is not just about fighting in the streets. In the suites. Sometimes you got to fight the argument with your brothers and sisters in the streets. So sometimes I'll be talking about this stuff about homeownership and brother will say, oh, you know, I, I don't want to own no home. That open home is stupid. You own a home, the bank owns a home. If you don't pay about excellence, people is by stepping up, you gotta look, pay your bills, right? If you, as long as you pay your bill, the bank does not own that home. They own the mortgage, the rights to the mortgage on that home. You get the benefits of that mortgage through tax write off and all that stuff and appreciation from owning that home, right? And some people will tell you not to own a home on major TV broadcasts. These wealth people telling you shouldn't own a home, own a home, right? So I have no idea what's going on there other than the fact that they don't look at their 40 room mansions as, as, as primary assets. That's because they've grown out of that long time ago. They don't remember, they don't remember their humble beginnings. But for most people, home ownership is the easiest way to build wealth. AI and the future of work. The next frontier isn't just D E N I. It's AI. Literacy and ownership in emerging markets, emerging industries.
- [19:44]
Charlamagne Tha God
Peace to the planet, Charlamagne Tha God here. And I just want you to know, if you're not on Amazon prime, you're seriously missing out. It's not just about the fast free delivery. Although let's be real, that's a game changer. It especially was for me this holiday season. Prime is like your personal guide to everything you're into or want to get into. Whether it's binge watching the latest hit on prime video, you know, listening to your favorite playlist on Amazon music, or getting those last minute gifts which same day free delivery. Prime's got you covered. And here's the kicker. Prime isn't just about getting you closer to your passions, it's about helping you discover new ones too. Got a hobby you're obsessed with? Prime fuels it. Trying something new. Prime helps you dive deep into whatever's next. It's like me being passionate about mental health. You can order all kinds of books on mental health on Prime. My favorite is the Unapologetic Guide to Black mental health by Dr. Rita Walker. Prime gets you closer to what really matters, making all times of the year that much more special. Whether it's screaming your favorite movie or getting that perfect gift delivered the same day, prime makes everything easy and stress free. Whatever you're into, it's on Prime. Visit Amazon.com prime now.
- [20:46]
Unknown
Okay, business leaders, Are you playing defense or are you on the offense? Are you just. Excuse me. Hey, I'm trying to talk business here. As I was saying, are you here just to play or are you playing to win? If you're in it to win, meet your next MVP NetSuite by Oracle NetSuite is your full business management system in one suite. With NetSuite, you're running your accounting, your financials, HR, E commerce, and more, all from your online dashboard. One source of truth means every department's working from the same numbers. With no data delays. And with AI embedded throughout, you're automating manual tasks plus getting fast insights for your next move. Whether you're competing on your home turf or looking to conquer international markets, NetSuite helps you get the W Over 40,000 businesses have already made the move to NetSuite, the number one Cloud ERP right now.
- [21:36]
Osvaldo Jin
Get the CFO's guide to AI and machine learning at netsuite.com stereo get this free guide at netsuite.com stereo okay guys.
- [21:46]
Unknown
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- [22:54]
Osvaldo Jin
Do you want to understand an invisible force that's shaping your life? I'm osvarlosjin, one of the new hosts of the long running podcast Tech Stuff. I'm slightly skeptical but obsessively intrigued.
- [23:05]
Cara Price
And I'm Cara Price, the other new host and I'm ready to adopt early.
- [23:09]
Osvaldo Jin
And often on tech stuff. We travel all the way from the mines of Congo to the surface of Mars to the dark corners of TikTok to ask and attempt to answer burning questions about technology. One of the kind of tricks for surviving Mars is to live there long and so that people evolve into Martians.
- [23:26]
Erica and Mila
Like data is a very rough proxy for a complex reality.
- [23:30]
Osvaldo Jin
How is it possible that the world's new energy revolution can be based in this place where there's no electricity at night?
- [23:38]
Cara Price
Oz and I will cut through the noise to bring you the best conversations and deep dives that will help you understand how tech is changing our world and what you need to know to survive the singularity.
- [23:48]
Osvaldo Jin
So join us, listen to tech stuff on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [23:58]
John O'Bryant
Here's a message to corporate America also. Companies should shift from diverse optics, diversity optics to economic outcomes. Who's getting contracts? My brother Roland Martin and I have this conversation often about in his case, advertising contracts. He just wants a reasonable piece of the pie for the market of the African American consumer. Again, 1.6, 1.7, $1.8 trillion consumer spending force would be one of the largest nations in the world if we were a country. And 92% of what we get is we generate is consumption, which is typically not good news. But in this particular case it is good news because we're buying stuff in and those folks are consuming. And Roland Martin and other minority media companies just want a fair share, reasonable share of the economic pie with an allocation of advertising dollars. But there's so many other examples and supporting institutions that can give you access to these emerging markets. Is good is not only the right thing to do, it'll pay dividend because they'll bring you more customers. Corporate America. So who's on your supply chain? Who's building wealth as a result of this platform? You have these major, this major company because you have Vendors up and down the chain in this company. Who are you hiring? Right? Does it reflect your communities? Does it reflect your customer base? I mean you do business with people, you reflect back, understand, appreciate and they appreciate and respect you in return. Right? So it's doing well and doing good. It's good capitalism. Just don't talk about inclusion. Invest in it. Action steps how to win like Beyonce for entrepreneurs and professionals. Be the best in your space. Period. Over to round it through it, you're going to get to it. I believe an entrepreneur works 18 hours a day to keep from getting a job. That's right. I have a T shirt sometimes just says built on failure. Right. I mean I just never give up. I take no for vitamins. Right. You gotta just commit to being the absolute best. Read the book the Outliers, right? And it talks about the exceptions of the rule. The folks who put in a little bit more time, a little bit more, invest a little bit more time and energy to train up to be the best, the very best that they can be. And it's pays off because they become the NBA players, the pro league of their sector and don't have to worry about somebody cutting them or break. They become, they, they're breaking for, for the hole. They are creating new holes. They are, they're creating a wake behind them that other people can follow through. They're not following others. They. People are following them and people are investing in them because they are the best at what they do and they're creating as a result of that economic opportunity. Beyonce has created economic opportunity. She just opened a whole new door just with this most recent shift, which was very risky again into country music. But she bet on herself. What would happen if you bet on yourself? Multiple income streams, all right, Real estate, investing, entrepreneurship, learning, AI and tech. Because the economy is shifting for business leaders and corporations, move beyond DENI programs and invest in economic participation contracts with diverse suppliers. As I mentioned, funding black entrepreneurs, you can do it actually through minority participation contracts or minority women owned businesses. You don't have to target minority and women owned businesses. If you're targeting underserved communities, you're going to get minority and women owned businesses who are in those communities. By the way, this includes poor whites in West Virginia. I'm not excluding anybody. If you're talking about inclusive economics, it's just really repairing the ladder from the bottom to the top. And as you're trying to get the folks at the bottom, you're going to naturally sweep up as a result of that. Best in class Potential leaders and doers of the future who happen to also be black, brown and different without targeting black people. Okay, but that's a whole nother podcast for another time. But you know one of my businesses, the Promise Homes company which I sold the majority of a couple three years ago, still on a stake in it. When I was the chairman CEO, we made sure that half of all contracts went to minority and women in small businesses in communities where we invest in because we were invested in underserved communities. I didn't have to say where's the black business? That's not the way we worked it because you had to be competent. It was really where's the competent business? I didn't want to go to a national company. I want to go to small businesses in my neighborhood where I invest in these affordable housing in underserved community homes where I Atlanta and north Florida. And the likelihood I was going to hit, you know, if I throw a rock at a business in the underserved area, affordable workforce development community area where I'm invested and bought 700 homes, the likelihood is going to hit, you know, if I threw a rock, close my eyes and hit a business, there's going to be a minority of women. It's fairly high. And it just turned out that plumbing, heating, electrical, landscaping, roofing, painting, these are things I had to get done every month anyway. And so we end up doing a few million dollars a year, like just under $5 million a year in contracts every year. These repeatable, rebootable philanthropy which is just contracts. I have to give the contract to somebody. Why not give it to people who in many cases look like me without me targeting anybody. Just really emphasizing where the dollars should also have a shot to empower versus just doing the easy lazy thing of giving that contract to a one big national company who wouldn't even notice that I gave them a contract. Whereas we gave contracts where it literally changed folks world and made some people millionaires. For everyday people. Turn your income into wealth, save, invest, own and get my book. Financial literacy for all is a great place to start. It's a bestseller by the way. Been a bestseller for a year now. Support business businesses that support your community. I'm not down with the boycotting thing. I mean everybody's do their, do their situation, do their thing. I don't say don't boycott the company. Clean the shelves right there, there, there are black owned products of minority, Latino, whatever, Asian, whatever your, whatever your cause du jour is if there are products for those good companies that are on the shelves of these companies at Target, Tarshe, Walmart or wherever it is you shop, clean the shelves, go buy all of them. Send the message that, that you've got serious buying power. And in support either the brands and or companies that support your community by giving them your dollars and then writing a letter to the CEO, writing a letter to the store manager who you ever can get to and let them know that you back your, your values up with your dollar bill. Buy a share of stock in that company if it's a publicly traded company and now you have a voice as a shareholder as well, you can talk with the shareholder meeting. That's a whole other conversation with another time. But be a positive force for good, not just an irritant. I mean, if being an irritant is productive and useful, there is a time for protesting. By the way, where will we be without. I was talking to Charlemagne today about the legacy of Al Sharpton and Jesse Jackson. It's not the way I roll, but them shaking trees 20, 30 years ago, in Reverend Sharpton's case, 10 years ago and now, I mean in many cases, that opened the door for Aerial Capital Management, which is now doing billions and billions of dollars of management of mutual funds. They're doing it on merit, but they couldn't get the attention way back when. And Dr. King had these visions as well, of bringing attention to companies that would not pay attention just because they were, well, in that particular case, racist. Just call it what it is. If you're competent and no one will pay any attention and will actually actively ignore you and call you incompetent, then what do you call that? Right? But today you can increasingly carve a path based on your excellence. Artificial intelligence is going to change everything. As my friend Vance Jones said that 99% of black folks don't know a thing about AI. And he paused to me and said, But 99% of white folks don't know a thing about A.I. either. It levels the playing field for everybody. So what are the key takeaways here? The answer to De and I, It's Beyonce. Why? Because it's about winning. It's about becoming undeniable. This is about inclusive economics, participating, not pleading. Here's your call to action. If you're serious about your money and your future, I want you to follow this movement. Check out my business plan for America at Operation Hope and join the conversation. Get my book, tell your friends. Subscribe to this podcast and like Beyonce said, you won't break my soul. Keep winning, keep building, and let's create real economic future. Now let's give you some stats, facts and details that are an inspiration and sends a message that you're undeniable. Right. Black economic power in financial gaps. Right. Black economic power 2023 number is 1.8. Estimated to be $1.8 trillion. Is greater than the GDP, gross domestic product, the income of a nation of Mexico or Canada. Did you, did you hear what I just said? All right. Black economic power, the buying power of black folks, a group, people that people continue to dismiss is greater than the GDP of Mexico or Canada. Right? The wealth gap. The median black household wealth is $24,100 is nearly eight times lower than the white household wealth of 188,200. As the Federal Reserve 2023 data. That's a problem, and it's an opportunity. Business ownership. Black owned businesses are growing at an incredibly fast rate. Again, one of the fastest rates in the country. In fact, in 2023, it was the fastest rate in the country, plus 38% since 2022 alone. Yet they receive less than 2% of all venture capital funding. Right. You can't tell me they're not, you know, future apples and future, you know, big businesses. And of all sectors and industries, inside of these, you know, group of black businesses, there's, you know, about 3.1 ish million black businesses in America. I think I've got that number right. I mean, Operation Open alone has helped to inspire 450,000 businesses since the pandemic. And I can tell you there's a whole bunch of sheroes and heroes in that list that are, they're not black businesses. They're great businesses. Businesses that happen to be black and they're killing it. We don't need to ask for a seat at the table. We need to own the building. Let's try that for a change. Homeownership and generational wealth. Black homeownership rate is 45%, give or take. Between 41, 42, 43, 44%. Fluctuates versus white homeownership rates are pretty stable at 75%. That's the Urban Institute 2023 as a source. Why? Why folks owning the homes? Because it works, right? You know, homeownership values have not gone down since the beginning of time. They've. There's been recessions. They recede, right? Recession recede, but then they correct above the line every time. Right. They're not growing any more land. Buy yourself a home. And I'm a, I'm a landlord, so I should want to encourage you to do nothing but rent. But I want you to rent to own. Rent from me and then prepare to own. I won't run out of people who want to rent, but I want to empower you to go up that economic ladder just like I did.
- [37:08]
Charlamagne Tha God
Peace to the planet Charlamagne Tha God here. And I just want you to know if you're not on Amazon prime, you're seriously missing out. It's not just about the fast free delivery. Although, let's be real, that's a game changer. It especially was for me this holiday season. Prime is like your personal guide to everything you're into or want to get into. Whether it's binge watching the latest hit on prime video, you know, listening to your favorite playlist on Amazon music, or getting those last minute gifts which same day free delivery. Prime's got you covered. And here's the kicker. Prime isn't just about getting you closer to your passions. It's about helping you discover new ones too. Got a hobby you're obsessed with? Prime fuels it. Trying something new. Prime helps you dive deep into whatever's next. It's like me being passionate about mental health. You can order all kinds of books on mental health on Prime. My favorite is the Unapologetic Guide to Black mental health by Dr. Rita Walker. Prime gets you closer to what really matters, making all times of the year that much more special. Whether it's screaming your favorite movie or getting that perfect gift delivered the same day, prime makes everything easy and stress free. Whatever you're into, it's on Prime. Visit Amazon.comprime now.
- [38:10]
Osvaldo Jin
Do you want to understand an invisible force that's shaping your life? I'm Osvaloschin, one of the new hosts of the long running podcast Tech Stuff. I'm slightly skeptical, but obsessively intrigued.
- [38:21]
Cara Price
And I'm Cara Price, the other new host and I'm ready to adopt early.
- [38:25]
Osvaldo Jin
And often on tech stuff. We travel all the way from the mines of Congo to the surface of Mars to the dark corners of TikTok to ask and attempt to answer burning questions about technology. One of the kind of tricks for surviving Mars is to live their lives enough so that people evolve into Martians.
- [38:42]
Erica and Mila
Like data is a very rough proxy for a complex reality.
- [38:46]
Osvaldo Jin
How is it possible that the world's new energy revolution can be based in this place where there's no electricity at night?
- [38:54]
Cara Price
Oz and I will cut through the noise to bring you the best conversations and deep dives that will help you understand how tech is changing our world and what you need to know to survive the singularity. So join us.
- [39:04]
Osvaldo Jin
Listen to tech stuff on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
- [39:10]
Ashlyn Harris
The more you listen to your kids, the closer you'll be. So we asked kids, what do you want your parents to hear?
- [39:17]
John O'Bryant
I feel sometimes that I'm not listening to.
- [39:20]
Charlamagne Tha God
I would just want you to listen.
- [39:21]
John O'Bryant
To me more often and evaluate situations with me and lead me towards success.
- [39:27]
Ashlyn Harris
Listening is a form of love. Find resources to help you support your kids and their emotional well being@sounditouttogether.org that's.
- [39:35]
John O'Bryant
Sounditouttogether.Org brought to you by the ad.
- [39:39]
Cara Price
Council and pivotal hi, this is Ruthie.
- [39:41]
John O'Bryant
Rogers, host of Ruthie's Table four. This week my guest is Zoe Saldana and what a woman she is.
- [39:49]
Ashlyn Harris
I come from a family and I do know this, that it's a cultural thing. We dance if you failed a test.
- [39:56]
Charlamagne Tha God
We danced if you passed it.
- [39:58]
John O'Bryant
You know what I mean?
- [39:58]
Ashlyn Harris
It's you just dance and you dance meringue and you dance salsa and everybody sits in someone's backyard.
- [40:05]
John O'Bryant
Listen on the iHeartRadio app, Apple or wherever you find your podcasts. Closing the black homeownership gap could generate. Listen now. $3 trillion in economic growth. 3 trillion. That's a McKinsey and Company statistic. Renters are 10 times likely. How do I say this? They're less likely than homeowners to be wealth creators. So they're 10 times less likely to build intergenerational wealth than a homeowner. I hope that made some sense. So it's not just that you're renting, is that your mindset is different when you're a homeowner. You're 10 times less likely to build intergenerational wealth if you're a renter than if you're a homeowner. The next civil rights movement just might be financial literacy and ownership of homes, businesses and assets. AI and automation of the future. 85% of jobs in 2023 will require AI, digital or tech skills. That's right. 85% of jobs in 2020, 35 will require AI, artificial intelligence, digital or tech skills. Think about pookie them and what skills that our cousins have. Right? If you're working at the local convenience store, you got a high school education, that job is gone. It's been, it's going to be automated into zero within five years. So I want you to be part of the future, not part of the past. Black and Latino workers are the highest risk of automation replacing their jobs. But less than 5% of work in of them working AI related fields. That's a problem and an opportunity because I just told you nobody knows about AI and everybody understands it's about to come and change everything. Folks arguing about D E and I should be talking about AI. Really? That's a drop the mic for you right there. That's like no different than Beyonce's later. I'm. I'm. Y'all talking about R B and hip hop and rap. Cool. I'm gonna talk about country music and do that too. Bilingual. It's an and not an or. By investing in AI education, Black wealth could increase by $3.5 trillion by 2045. If we don't do that, Black wealth will be zero by 2053. There's your difference right there. Investing in AI education as we're doing with the AI LP3AI Pipeline of Prosperity project as part of the AI Ethics Council, I co chair with Sam Altman here in Atlanta in my partnership with with Dean Phillips and Georgia State University and Clark Atlanta University and Morehouse and Spelman and Atlanta Public Schools Dr. Johnson and Mayor Andrea Dickens here as a model for a pipeline of new prosperity and jobs. Don't wait for folks to destroy jobs and destroy your life. Go and take control of your life and be the future you want to see and be excellent. When folks are running you out of town, getting in front of a crowd, it made it like a parade. DE&I is being replaced by AI the real issue isn't representation. It's ownership of the future economy. You can do that and there's time because nobody has this figured out yet. Beyonce didn't demand a seat at the table of country music. She just took it over. That's the mindset we need. She's not diverse. She's undeniable. And that's how we win. Don't wait for permission to be great. Just do it. This isn't about handouts. It's about leveling the economic playing field with real participation. We don't need more DE and I panels. We need black businesses with billion dollar valuations and asset panels. When black and brown communities build wealth, America wins. I've often joked, but I'm sort of serious. If black folks succeed economically, even the racist wins because all economic boats rise. Money has no color, but economic access has always been black and white. When you win in the economy, they have no choice but to open the door. Excellence is the new activism. Ownership is A new protest. There's a lot of folks who wanted to deny my Jewish brothers and sisters. I mean they've been, they've been run out of every place in the world. We just came from Poland last week. I mean what happened to them in Auschwitz is just undeniable. We were places where a million people were murdered. A million in one location, one little forget a city. I mean just a few football fields, right? A million people were murdered in Auschwitz. And that's just one of the tragedies that's been visited upon my Jewish brothers and sisters. And by the way, did you know that half of Jews in Israel are dark skinned? That's a whole other conversation for another time. They've been run out of every place, but look, but still they rise because they become excellent at a dozen different industries and self reliance and they demand respect. And we could take a page out of that book or 2 or 3 or 8 or 10. So she didn't fight for inclusion. She made inclusion irrelevant by winning. This is Beyonce in her story with this win for country music of the year album. Black economic strength is already here. We just need to activate it through ownership. You make money during the day, you build wealth in your sleep. Black businesses had equal access to capital. If black businesses had equal access to capital, GDP would increase by $1.5 trillion a year. That's a Citigroup report. My brother Ray Maguire authored that report when he was vice chairman of Citigroup. You should read that report. Inclusive economics means we stop wa and start winning. What will you build next? As I wrap up, here's some outlier winners who also killed it in their area. Just to show you that it's not just about Beyonce, who is amazing, right? Tiger woods killed it in golf when there was no black people playing golf at that level. What's his impact? Became one of the greatest golfers of all time. Winning 15 major championships and revolutionizing the sports appeal and broadening the field of merchandising of bringing blacks and brown people into the sports. Watching it, you know, watch. Contributing to the Nielsen ratings on television, buying merchandise, going to tournaments, becoming golfers, swinging. I mean you can, you can black people swinging golf clubs all around all this across this country, you know, tens and tens of millions of dollars of economic industry in energy, maybe more than that, in large part because Tiger woods made it cool. That's economics people. Serena and Venus Williams, they did the same thing in tennis. Tennis was not a sports where black athletes were dominant when they emerged. What's the impact? Together they Changed the game with power, athleticism and mental toughness. While Serena became arguably the greatest female athlete of all time with respect to her impact in tennis. Wilma Rudolph track and field overcame childhood polio in a racially segregated athletic system to become the first African American women to win three gold medals in a single Olympics. That was 1960 and inspired generations of black female athletes in track and beyond. Arthur ASHE Tennis the first black man dwind Wimbledon 1975, the US Open and the Australian Open. Impact uses his platform uses platform for civil rights, AIDS awareness and racial justice. My mentor, Ambassador Andrew Young worked with Arthur Ashe on work around civil rights and social justice in Africa. I was with Van Jones in Poland last week as I mentioned and I remember Van looked at me and looked at what was then during 1945ish period what happened in Poland with Germany. It was really Auschwitz was the most technologically advanced death camp in the world. And he looked at me and said, this is what happens when you have technology and no humanity. Hello. So that's why what Arthur Ashe did with his talents and his gifts, used it for public good. I think it's incredibly commendable. I think the whole purpose of power is to collect it so you can give it away. Bubba Wallace at nascar. NASCAR has been historically a white southern dominated sport with very few black drivers. By the way, the president of nascar, Steve Phelps, a good friend, is on my board of directors at Operation Hope. What's the impact? The only black driver currently racing full time in NASCAR's Cup Series and an outspoken advocate against racism in the sport. And who is his big backer now? Hello, Michael Jordan. Can't make this up. Debbie Thomas. Debbie with an I by the way. D E, B. I want you to know who these figures are. She was a figure skating phenom. The first black figure skater to win the US national title in 1986. An Olympic medal in 1988. Impact broke barriers in a sport with few African American athletes at the time. George Foreman Boxing and business success Post sports came from an underprivileged background. Became an Olympic gold medalist and a two time heavyweight champion champion. Reinvented himself with a George Foreman grill. Making more money in business than boxing. By the way, I should throw in my brother Reggie Jackson who Mr. October did this incredible stuff in baseball, broke all these records and then went on to business. And he's still in business this day. And also whenever I talk to him, he's all about giving back. In fact, he tracked me down on Twitter. That's how we became friends because he was talking about. He was looking at my work in financial literacy and wanted to find a way to partner. Now we are. We bug each other all the time trying to figure out how we can help our community be better. Here's some business legends for you, right? Who won against the odds and created their own affirming action. They were their own mechanisms of inclusion. Reginald Lewis in finance, one of my heroes, One of the first black billionaires in America. Well, he created a billion dollar company. First black billion dollar company, which was. He acquired Beezers International, backed by my friend Michael Milken, by the way, for 985 million in the 1980s. Might as well call that $20 billion today. It's a lot of, you know, a billion dollars. 1980 was unheard of for black man to secure financing to buy a global company. By the way, BeatRice worked in 40 different states. Sorry, 40 different countries. Proved that black entrepreneurs could operate at the highest level of Wall street and global business. Going from Main street to Wall street in one lifetime, really killing it from the neck up. Using his brain lawyer, Harvard educated, just killed it. And proved that a black man could produce some green internationally. Ursula Burns became the CEO of Xerox in 2009, the first black woman to lead a Fortune 500 company. Paved the way for more black women in executive leadership, which you're about to hear about in a second. But she got a lot of arrows when she went in there, and no one gave her a thing. When I went in. Every business I've been in, I've been. I've seen nothing but headwinds. When I built Operation Hope and I built Promise Homes company Brian Group Ventures, all these things I've done, people just laughed at me. When I. When I went into the Federal bank of Regulators and said, I want to put a nonprofit inside of a bank branch, people literally laughed at me. Now we're the only nonprofit ever allowed to operate inside of a bank branch in US history. With our Hope Inside model, 1500 locations across the country, empowering you to get your credit score up, your debt down, your savings up, and turning you into a customer. I'm not going to them saying you're a black person. I'm saying you're a good customer who pay your loan back, and here's all the data, and they give you the loan that you happen to be. You're also black or brown. Hello. Isn't that a win for everybody? All right, here's another couple winners for you. Just a new friend of mine, Robert F. Smith just met him, spent some time with him in Poland last week. Founder of Vista Equity Partners, one of the most successful private equity firms in tech in the world. Became one of the richest black men in America and famously paid off the student loan debt at Morehouse College for an entire graduating class. Multi billionaire today, philanthropist and a good man. Cathy Hughes in Media, founded Radio 1, now Urban 1. First black woman to lead a publicly traded media company. Created one of the most influential black black owned media companies in the country. Ava Duva duvernay from film and Entertainment. First black woman to direct a film nominated for best picture at the Oscars, which is the film Selma in 2014. What's the impact? Broke barriers in Hollywood, creating platforms for black voices in film. Not just black films, all films, of course. You got to give Tyler Perry an honorable mention here has, I think the first black owned major movie studio. Tyler Perry Studios. It's not the Homeboy Shopping Network here. This is a major studio major here in Atlanta. It's like going to Disneyland. I mean, you come to Atlanta, you want to tour Coca Cola and Civil Rights Museum and King center center for Civil and Human Rights. Go do all of that and then go by Tyler Perry Studios and have your mind blown. Dr. Patricia Bath in medicine, invented the laser cataract surgery, becoming the first black woman to receive a medical patent. You hearing me here? This is like, this is unbelievable. Revolutionized eye surgery and access to vision care. Rosalind Brewer, who lives here in Atlanta, who I know, CEO of Walgreens and previously Starbucks COO. The only black woman to have led two Fortune 500 companies, broke corporate glass ceilings in retail and healthcare. And if you don't think that she was inspired and led and had help from Ursula Burns and what she did, you would be mistaken. And there was a white man that helped her out too. His name was Doug McMillan, the CEO of Walmart, who made her CEO of a major division at Walmart before she went on to do her stuff independently and become this star on the global stage. And so goodness can come from everywhere and often does in both sports and business. These individuals excelled in fields where their success was not expected. In fact, in many ways, it was an attempt to deny them. First, people will ignore you, then they will criticize you. And then if you keep moving, keep trying, you win. But their success was not expected. But proving that talent, resilience and vision can overcome historical barriers. What can you do? Where can you succeed? How can you use the tenets and the philosophies of inclusive economics to prove that not just black lives matter, but black capitalists matter more. In other words, you don't need anybody to like you. You like you. I don't care if you like me. I like me over the rounded through it. I'm going to get to it. I'm not as good as my compliments or not as bad as my criticism, but I am God's child and I will not be denied. I'll get up earlier, stay up lately, I'll work harder. I'm going to outwork anybody anytime, any place, any race. Black folks are born to hustle. We've been doing so much with so little for so long, we can almost do anything with nothing. And you just simply will outrun everybody else. You'll outwork them and you'll outthink them. That is that immigrant up from nothing diversity story. People come to this country and they got nothing to be ignored. And they work hard to prove they could make it. I mean Goldman Sachs, which we all talk about is a guy named Goldman, a guy named Sachs, literally these Jewish up from nothing business people were running, selling stuff door to door with a briefcase because they couldn't get a job in the skyscraper. Now they own the skyscraper, right? And so you can do this, whoever listen to this, wherever you you are, quotation marks, you can do this. Women were denied a credit card. Couldn't get a credit card in 1972. Couldn't can get a loan without her husband co signing it. In 1972, not 1872, 1972, a white woman, all women, right? And because of affirmative action, which was designed for black people and denied us after it was designed for us after Kennedy started and Johnson, President Johnson advanced it and actually Nixon came in and he codified it as well. But the courts said and tried to stamp out the support that was giving the blacks. Sound like a familiar environment by the way. Just too much, I guess progress too soon or too fast or whatever. Then it was pushed back. Like there's pushback now. But white women actually got the benefit of that. And, and then white women then led to black women and Latino women and Indian women and then all Asian women, all women getting into the benefit from what was called affirmative action. And what's the benefit today of the country making the right decision? A third of the U.S. economy are women. Hello, what seven, $8 trillion, almost $10 trillion in a $27 trillion, almost $30 trillion economy. Without women we'd be an also ran nation. We'd be a third world country. And once again today, divers. Otherwise we'll be speaking Mandarin in 10 or 20 years, meaning Chinese. We're already China's at war with us. They want to be us. And the only way they're not going to be us is if we all stick together and row this boat into the same direction of progress and realize that we are all in this thing together. Everybody wants to be an American except Americans. Thank you Beyonce for inspiring us to realize we're all God's children and racism is actually scientifically, intellectually and spiritually stupid. We love her music. It brings us together. Let this message be a lighthouse for your future. This is John O'Brien. I'm out. This is Money and Wealth. Tell your friends to follow the series. 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.
- [60:40]
Charlamagne Tha God
Listen to me. This is Charlamagne Tha God talking. If you're not on prime, you're missing out. Prime's not just fast free delivery, although that is definitely a big perk. It's a collection of excellent services that help you get more out of whatever passions you're into or getting into. Like right now I am really getting into past life regression therapy and there's so many books about it on Prime. So you can order books with prime or even listen to content on Amazon Music. Whether you're binge watching the latest on prime video, listening to music on Amazon Music, or getting those last minute gifts dropped at your door with Prime, Same day free delivery with prime, customers get closer to what they care about. Whatever you're into, it's all on Prime. Visit Amazon.comprime now.
- [61:19]
Osvaldo Jin
Do you want to see into the future? Do you want to understand an invisible force that's shaping your life? Do you want to experience the frontiers of what makes us human? On tech stuff we travel from the mines of Congo to the surface of Mars, from conversations with Nobel Prize winners to the depths of TikTok to ask burning questions about technology. From high tech to low culture and everywhere in between. Join us Listen to tech stuff on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
- [61:49]
Erica and Mila
The OGs of uncensored motherhood are back and badder than ever. I'm Erica. And I'm Mila and we're the hosts of the Good Mom Mom's Bad Choices podcast brought to you by the Black Effect Podcast Network every Wednesday. Yeah, we're moms, but not your Mommy. Historically, men talk too much and women have quietly listened. And all that stops here. If you like witty women, then this is your try. Listen to the Good Moms Bad Choices podcast every Wednesday on the Black Effect podcast network, the iHeartRadio app, Apple podcast, or wherever you go to find your.
- [62:18]
Ashlyn Harris
Podcast, we all have a moment that splits us wide open. On my new podcast, Wide Open with Ashlyn Harris, I'll sit down with trailblazers from sports, music, fashion, entertainment and politics to explore their toughest moments and the incredible comebacks that followed. Listen to Wide Open with Ashlyn Harris, an iHeart women's sports production on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
- [62:46]
John O'Bryant
Presented by Elf Beauty, founding partner of iHeart Women's Sports.