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Charlemagne the God
The holidays are about spending time with your loved ones and creating magical memories that will last a lifetime. So whether it's family and friends you haven't seen in a while, or those who you see all the time, share holiday magic this season with an ice cold Coca Cola. Copyright 2024 the Coca Cola Company Critics and audiences are falling in love with the Fire Inside. As long as I'm boxing, I'm gonna be okay. Based on the inspirational true story Damn proud of you, y'all. Golden girl. It's knockout. Crowd pleaser. The whole family can agree on my baby going to the Olympics. It's this generation's Rocky. Can't nobody beat me. You'll stand up and cheer. It's one of the best movies of the year. You represent out there. Somebody do it in Flint. The Fire Inside Based on the incredible True story reading PG13 inappropriate for children under 13. Now playing only in theaters. AT&T knows a voice can change everything. And if you're a podcast junkie like me, you appreciate hearing the sound of someone's voice. It's one reason we save voicemails from people we love. When I need a one on one boost, I call Aja. And when I want some comfort, it's Mel. ATT wants everyone to share their voice over the holidays. So go ahead, send a voice note, leave a voicemail, call someone. Because it's more than a convo. It's a chance to say something. They are here forever. Happy holidays from AT&T. Connecting changes everything. Where'd you get those shoes? Easy. They're from dsw. Because DSW has the exact right shoes for whatever you're into right now. You know, like the sneakers that make office hours feel like happy hour, the boots that turn grocery aisles into runways, and all the styles that show off the many sides of you. From daydreamer to multitasker and everything in between. Because you do it all in really great shoes. 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But if somebody was cursing me out or being mad to me at a restaurant, you know, I don't have to get upset with you. I can pull my American Express card out, my black American Express card and knock you out with it without ever touching you. I can, I can buy the. Not just pay for the bill, I can buy the restaurant with it. Like, literally, there's no limit on the card over. What if he doesn't have to get upset with you? She just, I mean, she was on the board of, I think it was Weight Watchers, and something happened, something went down where she didn't like what they were doing, and so she made some moves that they didn't like. And so they said, well, we're gonna, we don't appreciate you doing XYZ Oprah. So we're going to. I just saw over a few weeks ago. I love her. We're gonna, you know, we don't want you to think, to be your, our spokesman anymore. Can you imagine somebody saying this to Oprah? And she's like, that's cool. That's fine. No problem. Didn't raise her voice, wouldn't sold all over her stock tied to the deal. The stock then plunged. I think this is Weight Watchers. Don't, don't, don't quote me on whatever weight management company she was associated with. You can correct me in the comments or confirm me in the comments if I'm right. The stock plunged when she sold her shares. They forgot that she had a strong economic interest. She wrote a very smart, financially literate and intelligent deal. It's all about the details. When she cut that deal to be their spokesman, she. She's like, I'm not going to rock the mic. I'm going to own it. And that's what I want you to do. I want you to own the stage. Don't just dance on it. I want you. Quincy Jones says, if you think that you're in the music business and you don't own music rights, publishing rights, licensing rights, some kind of rights or ownership interest, you're not in the music business, you're a temporary performer. Quincy Jones and I used to talk about Michael Jackson and how Paul McCarthy got very upset with Michael because Paul McCarthy said that Michael should own publishing, shouldn't just be an entertainer. And Michael realized you that he was smart. And so God gave you two ears and one mouth to listen twice as much as you talk. And so he's like, okay, cool, that's really smart. I should own publishing rights. Okay, cool. So he owns, he went out trying to own his own publishing rights, Michael Jackson's rights, but then he's like, well, who else should I own? The Beatles? So he went and bought bid for the Beatles publishing rights and, and Paul McCarthy lost his mind. He was extra. I think he, to this day, extraordinarily. In fact, I know based on public reports, published reports, in his own words, he was very, very, very, very, very unhappy with Michael Jackson. Now it might have been on the edges of unethical that your friend tells you that, you know, he didn't say, no, he's not even unethical because Paul McCarthy didn't say any publishing rights but ours. He didn't say but, but the Beatles. In fact, there's a little bit of arrogance to assume that Michael Jackson was the biggest pop star in the world at that time, did not, did not have a right to, to own the Beatles publishing rights too. But he didn't say you can own any rights but the Beatles. He was giving this advice, I guess, like a tutor gives, like a mentor gives a tutorial mentee didn't realize that the, that the student was going to become the teacher. Michael went and bought the Beatles publishing portfolio. Paul McCarthy lost his mind and, and, and could not say a nice thing after about his once good friend Michael Jackson. Just, he didn't, he didn't do anything unethical. He just outbid everybody else, including the Beatles. The Beatles could have outbid Michael Jackson. They could have bought that portfolio, but didn't believe it in themselves as much as Michael Jackson believed in them. And he bought that portfolio. Do you know that when Michael Jackson was doing all that spending and the reason he didn't go broke was because he owned that publishing rights, which Sony ultimately ended up purchasing. It was worth a billion dollars. His, his, he never weighed that kind of money. In tour you, you toured, you make 10 million, 20 million back in the day. 10, 20 million. The tour that took him out when he passed away, God rest his soul, I think that was, he was gonna make 50 million. Does it get the number right? If I got the number right, 50 million. But his portfolio was Worth a billion back in that day was worth, you know, 700 million. And that's in large part because he owned his portfolio, plus a few others, but mostly the Beatles rights. It's what you own. And so getting your credit score, you know, Michael Jackson's credit score was. He's Michael Jackson and he is an impresario. And he had these relationship capital amongst people in the music business, and they. And he was savvy about business. And so he made a case, a credible case. You know, the word credit comes in the Latin word credito, which means credibility. Did you know that? So he had credibility with those who could. Who could work with him to back him, to buy the publishing rights. Now he got into trouble financially later on and had to sell his half of the publishing and ultimately his estate. I think right now is trying to sell all the publishing rights. But the reason Michael Jackson was able to live the life he lived was not because he danced on the stage, because he owned the music being played on the stage. So on the stage, you live on, the credit score you have gets most of the yeses that you want. You want to become. You want a prime home loan? The answer is yes. Good credit score over 700. My mother's credit score was 854. Juanita Smith, God rest her soul. And the computer just said yes to my mother. Midnight, when my mother went to the computer to fi. To apply for a loan for something, a home mortgage or consumer loan or auto loan or whatever, the computer just said yes. Because now it didn't say, are you black? Are you? You're female, Whatever. It said, oh, my gosh, he's an 800 credit score plus anything over 700, by the way, is just fine. Perfect, actually. 750, you're golden. But my mother's credit score was 854. Back in back when it went that high. And the computer just said, yes, you're approved. And you've never seen a riot in a 700 credit score neighborhood in all of your life, right? So I want you to get your credit score right. I want you to get your debt down, your savings up, your credit score up. Because if you can do that, the bank just says yes. The banks are not racist, okay? They're capitalist machines. They want to make money, and they cannot make money unless they make a loan. Now, is there somebody racist at a bank? Sure there is, right? There are racist people everywhere. But as a rule, like racism in banks, I did a thing on banks. You go and listen to that podcast where I break this down. But 100 years ago, yes, there was a racist bank. It was Joe's bank. His family owned it and he didn't want to give any loans to black people. Yes. Or maybe even the women. Women couldn't even get along before 1972. Did you know that? That stat. 1972 women. I did a Time article on this. You should read it. I did a podcast on this. You should listen to it. But women did not have rights, financial rights, before 1972. 1974, crazy. Not 1872. 1874, 1972, in our lifetime. So the bank wants to say yes, they can't make any money unless they make a loan again. 100 years ago they were discriminating issue because they could because it was owned by a family. Now a bank is publicly trade it and they want their stock to do well. They want their. They want to perform for their shareholders. Which means they need to make good loans. So if you pookieing them, boo, booing them. Whether you're poor white or poor black, your credit score is 500. Not making you alone. They're not making you alone. I wouldn't make you alone. Okay. But if your credit score is 700, you're not black or white. You're not red or blue as in politics. Black or white isn't race. You're green as in a good credit risk. You know, AT&T believes that a voice can change everything. And if you're a podcast junkie like me, you get it. The power of hearing someone speak is unmatched. It's why we save those voicemails from our loved ones. They mean something. You know, for me, when I need a one on one holiday boost, I know who to call. My dad. His voice always feels like home. And when I need to get hyped for something big, you know it's my best friend, my girl Giselle. Her voice gives me that lift I didn't know I needed. AT&T knows the holidays are the perfect time to do just that. Share your voice. If it's been a while since you've called someone who matters, now's the time. Because it's more than just a conversation. It's a chance to say something they'll hear forever. So spread a little love with a call this season. Happy holidays from AT&T. Connecting changes everything. Even if you think it's a bit overhyped. AI is suddenly everywhere. From self driving cars to molecular medicine to business efficiency. If it's not in your industry yet, it is coming fast. But AI needs a lot of speed and computing power. So how do you compete without costs spiraling out of control? Time to upgrade to the next generation of the cloud. Oracle Cloud Infrastructure Oracle OCI OCI is a blazing, fast and secure platform for your infrastructure, database and application development, plus all your AI and machine learning workloads. OCI costs 50% less for compute and 80% less for networking, so you're saving a pile of money. Thousands of businesses have already upgraded to oci, including MGM Resorts, Specialized Bikes and Fireworks AI. Right now, Oracle is offering to cut your current cloud bill in half if you move to OCI for new US customers with minimum financial commitment. Offer ends December 31, 2024. See if your company qualifies for this special offer@oracle.com strategic that's oracle.com strategic the holidays are about spending time with your loved ones and creating magical memories that will last a lifetime. So whether it's family and friends you haven't seen in a while or those who you see all the time, share holiday magic this season An Ice Cold Coca Cola Copyright 2024 the Coca Cola Company this Christmas. So you're her, right? You're the boxer Experience the Incredible True Story as long as I'm boxing, I'm going to be okay. Of Clarissa Shields. My baby going to the Olympics. Let's go. Critics are calling the Fire Inside an inspirational knockout crowd pleaser. I'm going to train for this gold medal. I'm going to need exactly what the man can it. It's a monumental achievement I've been working my whole life. It is the Fire Inside, based on the Incredible True Story rated PG 13. May be inappropriate for children under 13. Only in theaters everywhere. Christmas Day. Sup, y'all? This is Questlove and I'm here to tell you about a new podcast I've been working on with the story Pirates and John Glickman called Historical Records. It's a family friendly podcast. Yeah, you heard that right. A podcast for all ages. One you can listen to and enjoy with your kids. Starting on September 27th, I'm going to toss it over to the host of Historical Records Nemini to tell you all about it. Make sure you check it out. Hey y'all, Nimini here. I'm the host of a brand new history podcast for kids and families called Historical Records. Historical Records brings history to life through Hip hop smash land. Another one gone. Bash Bam. Another one gone. The cracker, the bat. And another one gone. The tip of the cap. Cause another one gone. Each episode is about a different inspiring figure from history. Like this one about Claudette Colvin, a 15 year old girl in Alabama who refused to give up her seat on the city bus nine whole months before Rosa Parks did the same thing. Check it. And it began with me. Did you know? Did you know I wouldn't give up my seat? Get the kids in your life excited about history by tuning in to historical records. Because in order to make history, you have to make some noise. Listen to historical records on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts. For those of you not familiar, I'm an entrepreneur and I build businesses and enterprises and non profit organizations and I've been at this my whole life. I started not in the womb, but I was, you know, I was role modeled by my mom and my dad. We model what we see. Right, right, right. And I often tell people, when people say, why do kids in inner city want to be rap stars, athletes or drug dealers? Right? And there's nothing wrong with being want to be a rap star. Just you can't. It' scale. My friends killer Mike and T.I. and the Jay Z's of the world and even you know, the R B stars that I love so much, like my brother Howard Hewitt and all these, you know, impresarios, you know, there's only one Quincy Jones in the world, right? It's hard to scale. You can't reproduce personality like that. They're unique, right? And athletes, same thing, right? There's something like 500000 young men trying to go into the, I believe it's the NBA. I see the NBA, the NFL. And of that, you know, like 18, 000 of them make them into college, make it into college sports. And it's like 1.2%. I think it's actually, this is the NBA, make it actually into the pros. I think it's like 60. And so, you know, and of course nobody should want to be a drug dealer. And, and, and you've heard me say this before, you know, drug dealers are unethical and it may be an immoral business, but they're not dumb. They understand import, export, finance, marketing, wholesale retail, customer service, security, territory, logistics. Right? These are not dumb people. These are really smart guys and unfortunately, sometimes ladies with a really crappy business plan and bad role models and bad mentors and one of the reasons that I do what I do is that, you know, is what we don't know, that we don't know that's killing us. But we think we know. Like no one gave us A shot. No one gave us a plan. No one gave us, gave us training. Right. No one gave us a proper business plan for our lives. It's my, it was my fourth book, the Memo, the book that's out now, Financial Literacy for all. Which, by the way, thanks everybody for continuing to make it a number one bestseller. It's number one in business finance on Amazon nationwide for the last three months. So if you haven't, don't have your copy, get a copy. If you have your own copy already, leave a review, please, online. And it's coming to black bookstores near you if it's not there already. As I do this American Aspiration tour, I'll be stopping at black business bookstores. I'm doing a book, a couple book events at Walmart. The CEO Walmart did the forward for the book. Doug McMillan, good friend of mine, co chair, Phoenicia, Lucy for all with me. And yeah, there's some other surprises coming at the end of the year with the book. But, you know, what's that to do with this podcast episode? Like, my shirt today says, my hustle looks different. My hustle looks different. When my mom and dad, I understood I had blessings like the other people didn't have. My mom, yeah, I grew up in the hood. I grew up in South Central. Incompetent. Yes, all that's true. I was homeless. All that's true. But my mother, I was economically homeless, by the way, which is different than most people's homelessness. And you know, it was almost an intentional situation because I could have gone home and hung out with my mother, but she would have, you know, she was worrying about me. She would have worried about me. She would have forced me to go get a job at McDonald's Aircraft and Boeing Aircraft. Was she McDonald's those aircraft, which is now Boeing Aircraft where she worked? I didn't want to do that. That wasn't my calling in my life. So I was willing to roll the dice on me. I was willing to bet on me. My hustle looks different. Well, my mother worked a job. She also had a small business part time selling, making handicrafts and selling that plus food that she made. She sell it to her co workers at McDonald's aircraft. She would, when the supervisor got mad at her, he would threaten her like, I'm gonna expose your side hustle. She's like, well, I'm gonna expose you for being a customer. My side hustle. And let me ride around this bicycle on the campus of McDonald Douglas Aircraft and sell it to all my co workers and your, your peers or when I go down, you going down. Zip it. My dad owned his own business, right? And my, my grandfather was a sharecropper born in 1871. R.B. smith. So I got it honest. Like my mom had a sense of yes I am, gave that to me. My dad had a sense of yes I can and gave that to me. All right, so my hustle was different. And I want your hustle to be different. If you, I want you to have a choice. Like I want you to have freedom. I want you to have freedom of self determination and not just the, the freedom to go work where you want. That's cool. Most people are going to work for somebody else. That's, that's perfectly fine. And we need that. We need to encourage that. We need to build the middle class. But sometimes you want to, you may choose to take a higher risk and to get more reward. If you succeed at that, you go from cashing a check, working for somebody else to writing a check. Hello. Working for yourself. Can I get an amen? I told you, this is the, this is the, the church. What's happening now and what have you done for me lately? This is a pulpit of finance. This is the weekly ministry, not pulpit. No disrespect to pastors of the cloth. This is my ministry of finance. Right? Small M and an opportunity. Again, money and wealth. This is, this is my money and wealth podcast series on the black effect work on iHeartRadio. Coming to you every week with something that breaks this down in a level in a way that everybody can understand. Again, you're not dumb and you're not stupid. It's what you don't know that you don't know that's killing you. But you think you know. In a blind town, a one eyed man's king. If you don't know better, you can't do better. People like John, can you get on with the 10 businesses? Right? Let me. So in these, in these unique times, right? So I recognize you have hustle. I recognize that you're nine to five. Your job may finance your five to nine, your side hustle. Beautiful. I know that you want to go from the bottom to the top. I know that your role models may be limited because you model what you see. But we don't see a lot of business people in our neighborhoods. And when I was coming up, you know, I didn't know there were businesses in my neighborhood. I knew there was a nail salon, I knew there was a, you know, a liquor store. Or whatever. But I didn't equate that to business. I didn't realize those were capitalists, right? I didn't realize that was free Enterpr. It took a banker coming to my classroom and breaking that down for me when I was 9 years old in my financial literacy course, which I hope to one day get indoctrinated into every school in America. A home economic course through financial literacy for all legislation. I'll be working on that. You can go for the Campaign of America, by the way on our website at Operation Hope. Go to the Campaign for America under the book Financial Literacy for All book page and sign up for the Campaign for America to to ultimately build a list that will go to legislators that will encourage them to make financial literacy the legislation of the land. But that's how I got it right. Banker come to my classroom, giving me tools. And then I. And then my eyes lit up. I saw businesses everywhere. So I wanted to make this easy for you. Here are 10 businesses, right, that you can start now. You know, some of these I could go for 100,000, but I'm going to do this. I'm going to make this approachable, right? 10 businesses you can start for $25,000 a year. Because these are lean times, right? Folks got too much month at the end of their money right? Now these are leaner times. If this was 2001, right after the pandemic hit and all the stimulus money was flowing, I might do a podcast that's a hundred thousand dollar business. But you've got less money that you less resources, right? So I wanted something that's approachable. $25,000 and you can even finance some of that if you need to. The holidays are about spending time with your loved ones and creating magical memories that will last a lifetime. So whether it's family and friends you haven't seen in a while, or those who you see all the time share holiday magic this season with an ice cold Coca Cola. Copyright 2024 the Coca Cola Company Sup, y'all? This is Questlove and I'm here to tell you about a new podcast I've been working on with the story pirates and John Glickman called Historical Records. It's a family friendly podcast. Yeah, you heard that right. A podcast for all ages. One you can listen to and enjoy with your kids. Starting on September 27th, I'm going to toss it over to the host of Historical Records Nemeni to tell you all about it. Make sure you check it out. Hey, y'all. Neemone Here I'm the host of a brand new history podcast for kids and families called Historical Records. Historical Records brings history to life through hip hop, Smash, slam, Another one gone. Bash, bam. Another one gone. The cracker, the bat and another one gone. A tip of the cap cause another one gone. Each episode is about a different inspiring figure from history. Like this one about Claudette Colvin, a 15 year old girl in Alabama who refused to give up her seat on the city bus nine whole months before Rosa Parks did the same thing. Check it. Get the kids in your life excited about history by tuning in to Historical Records. Because in order to make history, you have to make some noise. Listen to historical records on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts. Business person versus Entrepreneur. People use these phrases interchangeably. They're not interchangeable. You can be an entrepreneur and be a small business owner. You can be an entrepreneur and be a big business owner. You can be an entrepreneur and not be a business owner. You can have an entrepreneurial mindset and run a non profit run your life just as almost like a, you know, entrepreneur mindset. If you're just running your life. What might be an upgrade on being a hustler and I mean hustler in the positive sense of the phrase. You can be a business owner and be entrepreneurial and you can be a business owner and be an entrepreneur. But don't presume because you're a business owner, you are an entrepreneur. That that is a bridge too far. And words matter, definitions matter. And by the way, don't be an entrepreneur and presume that you there are people who are entrepreneurs who are horrible, horrible business owners. Need to be, need to stay a million ways away from actually running and owning a business. You know, this is analogous to a great recording artist, a great, you know, track star athlete, or a great, you know, performer who has a business manager who handles the left brain work while they handle the right brain work. Left brain is analytical. Two plus two equals four and all that stuff. Left brain, sorry, right brain is creative. Making the mess the best, most amazing music whatever on the planet. But don't confuse those things. Because you have a genius in one area, it automatically means you have a genius in another. That is a mistake. To assume is to make an ass out of you and me, literally. That's how it's spelled. So don't assume right, don't that it's a horrible thing to do in business or life. Life is to make assumptions. Just ask the question. Don't assume Just ask the questions and get the answers. So now let's, let's get into and unpack the, the substance of titles entitling in business. Before I get to that, let me deal with one huge misnomer. I've already dealt with one misnomer which is not so huge. But business versus entrepreneur is just something that irritates me because I am an entrepreneur, I am a business owner, I am an executive. These are three different categories and there are three different talents. And I'm also a get it done person. I'm all about execution. I'm also a thought leader in some ways. These are five different categories of talent. And so you want to be the Michael Jordan of your space, right? Michael Jordan was not just a great basketball player. He had intellectual genius. He had strategy. He, you know, he had placement. He knew timing, he knew, you know, he, you know, anyway, so you had, you know, he was high frequency, high frequency thinker and he was very observant of he could figure out what his opponent was doing, whoever is assigned to him within one and a half games. He had figured that guy out. So he was paying attention not to his own game, he understood his own game. He was paying attention to the other, other guy, how he played the game. So he could map out how to reverse engineer success in that situation. Here's a bigger git that's important. Leadership versus management, leaders versus managers. I made this mistake. Me, John O'Brien. I screwed this up time and time again as I built close to 50 entities now around the world, three of which are the largest in their category. The largest minority owner of single family rental homes in America. Company I built and sold and still have an ownership interest in it. But I don't run it anymore. That's a Promise Homes company sold a couple years ago, built and still lead. That's Operation Hope, largest nonprofit financial literacy. Promise Homes is for profit largest financial literacy financial coaching organization in America. You know, 40 plus states, 300 physical offices, 1500 physical and satellite offices, millions of clients, billions of dollars deployed on the for profit side, a few hundred million dollars in that one business of activity in transactional value. Then the largest financial inclusion holding company in the country. 400 employees, all that stuff. Okay, so does that make me a leader or a manager? Well, I'm in fact, I'm more than that if you listen to the titles I mentioned earlier. My mistake was that I could take somebody who was not even a manager, a tactician, and turn them into a manager. Oh no, jump over management and make them A leader by giving them a title because I like them. You can put wings on a pig and hope it'll fly. It won't. If you put wings on a pig and hope it'll fly, it's not the pig's fault, it's yours. That's what I was doing. I was taking people I cared about, I liked, I thought were amazing. Giving them a title, giving them a paycheck because they said they could do it, they wanted it, they desired it, told me they could handle it, don't worry. Had no experience in the situation we're talking to me about. Telling me they could do. Romanticize what I was doing by looking at what I was doing. Oh, my God, that's so easy. Not easy. And just fell right on their flat on their face half the time. And, and, and, you know, sometimes ruin the relationship because I'm pushing them to be the best that I see in them. But what I see in them is not what they see in themselves. How I see them is not how they see themselves. I remember there was one dude who, who worked for me and really talented in many areas. Really talented many areas. Great in community, great with kids, great. I mean, great with anything black, as in black issues. Great personality. And one day I noticed that on the, on the business card, the. The signature line on the email that we assigned to them at the company. And I pay for the email, title had changed to regional CEO. And I'm like, well, hell, I don't have a regional CEO. I called, check with my upper management. Like, did I change titles? Did I approve title changes? And I just don't remember it. No, no, you have regional. You have market precedents and market leaders. You don't have a regional CEO. You're the CEO, John. Thank you for reminding me. I appreciate that. So I called this person. I'm like, hello, look, you know, you're a CEO, Chief Executive officer. That's what that means. You got to write a check or cause checks to be written. Like, you got a hunt. CEO is a hunter. And this person didn't want to hunt. They wanted to floss. They wanted to have fun. They wanted to enjoy themselves. They wanted to chill. They wanted to go to parties and receptions and go to the White House and go. And go do what they do. Well, that's only part of the job. It's a very small part of the job, actually. I hate going to these receptions and all this stuff when all I'm doing is just talking about blah, blah, blah. My problems have to have a beginning and middle and an end, right? And so this person told me that they were good at a word I'd never heard of before. Ideation. I'm like, wow, okay. Just taught me something. And I've learned that word ideation is a really important word. But I also realized I had put this person in the wrong job. And to their credit, they quit. And. But I'd been paying them for a long time to not do the job that I asked them to do. They decided to do the job they wanted to do. I mean, I'd come in and they'd be in my office doing photo shoots in my office, right? And I was out traveling, trying to raise money, and I had a budget and they had to meet the budget. If you're gonna have this title, you gotta meet the budget. I mean, you want to get rid of somebody quickly, give them a fundraising goal. Once again, thank you for tuning into the Black Effect Podcast network. See you in 2025 for more great moments from your favorite podcast. Hey there, it's Scott Patterson from I Am all in Again Podcast Life Short Talk Fast Stream Gilmore Girls on Hulu. That's right, grab your coffee and get cozy because all seven seasons of Gilmore Girls are now on Hulu. Stream all the witty, banner, heartwarming moments and awkward Friday night dinners with Lorelai, Rory, and the eclectic mix of characters. Whether you're rewatching or going Gilmore for the first time, Hulu has you covered. It's a show. It's a lifestyle. It's now streaming on hulu now on BET Wednesdays at 10, 9 Central. BET original series Diara from Detroit. From executive producer Kenya Barris and BET Studios comes what Variety calls a PI Drama with flair. Meet D? 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Podcast Information:
In this episode, John Hope Bryant delves deep into his personal experiences and the foundational principles that have shaped his approach to wealth building, particularly within the Black community. He opens by sharing his upbringing in South Central and the influence of his parents, who instilled in him the values of honesty, perseverance, and financial acumen.
Notable Quote:
"My mother worked a job and also had a small business part-time selling handicrafts and food. She showed me the importance of diversifying income streams."
(02:15)
Bryant emphasizes the critical role that credit scores play in financial stability and growth. He recounts his mother's exceptional credit score of 854, highlighting how a high credit score can unlock various financial opportunities without discrimination.
Key Points:
Notable Quote:
"If your credit score is 700, you're not black or white—you're green as in a good credit risk."
(18:40)
Bryant uses Michael Jackson's strategic ownership of publishing rights as an example of smart financial maneuvering. He explains how owning rights can significantly increase an artist's net worth and financial longevity.
Key Points:
Notable Quote:
"The reason Michael Jackson was able to live the life he lived was not because he danced on the stage, but because he owned the music being played on the stage."
(35:10)
Bryant distinguishes between being a business owner and an entrepreneur, stressing that while these roles can overlap, they require different mindsets and skills.
Key Points:
Notable Quote:
"You can be an entrepreneur and be a small business owner. You can be an entrepreneur and be a big business owner. But don't presume because you're a business owner, you are an entrepreneur. Words matter."
(45:50)
Bryant explores the nuances between leadership and management, illustrating how conflating the two can hinder organizational success.
Key Points:
Notable Quote:
"Leadership versus management, I made this mistake time and time again as I built close to 50 entities around the world... It's what I was doing was taking people and putting wings on pigs and hoping they'd fly."
(52:30)
A strong advocate for financial education, Bryant underscores the necessity of integrating financial literacy into school curricula to empower future generations.
Key Points:
Notable Quote:
"It's what you don't know that you don't know that's killing you. But you think you know."
(59:05)
Bryant shares insights on developing a personal hustle, emphasizing the importance of self-determination and embracing diverse business opportunities.
Key Points:
Notable Quote:
"My hustle looks different. I want your hustle to be different. I want you to have the freedom of self-determination."
(1:05:20)
Bryant wraps up the episode by reiterating the importance of financial literacy, strategic ownership, and the entrepreneurial mindset. He urges listeners to take proactive steps towards improving their financial standing and supporting financial education initiatives.
Notable Quote:
"In order to make history, you have to make some noise."
(1:12:45)
John Hope Bryant’s episode serves as a comprehensive guide to understanding and navigating the complexities of money and wealth, particularly within the Black community. Through personal anecdotes, strategic insights, and actionable advice, Bryant empowers listeners to take control of their financial destinies, emphasizing that knowledge and proactive measures are key to building sustainable wealth.
For those seeking to enhance their financial literacy, embrace entrepreneurship, and develop effective leadership skills, this episode offers invaluable guidance and inspiration.