John Hope Bryant (0:00)

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 the holidays are here. It's that time of year to think about, yes, gifts, but not only gifts. It's the guests, the party planning and the true meaning of the season. Spending time with family and friends. We know it's a lot, but we're here to ease your mind and share some tips so we'll make it through together. With the season getting underway, now is the time to shop for amazing holiday deals at Amazon. Amazon has a wide selection for all your holiday needs. Amazon Last Minute deals are here. Shop Last Minute Deals now on Amazon and visit Amazon.comblackffectpodcast for my favorite picks. Be merry, be bright, be loved this holiday season with sparkling holiday gifts from Pandora Jewelry. Bring the sparkle to Black Friday with Pandora jewelry from November 16 through December 3, receive 30% off storewide hand picked and ready to wrap, wear and love select from a wide range of possibilities for personalization. From festive charms with vibrant pops of color, shimmering rings and earrings designed to dazzle, to radiant bracelets and necklaces shining in a mix of luminous metals, Pandora has something special for everyone on your holiday list. Shop Pandora Jewelry today and save 30% off. Some exclusions apply. You could sit there and listen to ads or you could take a moment to have a Diet Coke break. First, grab a chilled Diet Coke because if you want it to be perfect, it needs to be crispy. Next, get a big cup of ice because everyone knows Diet Coke is best served swimming in ice. Then sip it slowly, feel that burn and enjoy your break for as long as possible. When you need a break, don't forget to grab an ice cold Diet Coke and take a diet Coke break. What's it like to get the new iPhone 16 Pro with AT&T next up anytime. It's like when you first light up the grill and think of all the mouth watering possibilities. Learn how to get the new iPhone 16 Pro with Apple Intelligence on AT&T and the latest iPhone every year with AT and T. Next up Anytime and AT and T Connecting changes everything. Apple intelligence coming fall 2024 with Syrian device language set to US English. Some features and languages will be coming over the next year. $0 offer may not be available in future iPhones. Next up Anytime feature may be discontinued AT Any time subject to change additional fees, terms and Restrictions apply. See att.com iPhone for detail. Welcome to Money and Wealth with John Hope Bryant, a production of the Black Effect podcast network and iHeartRadio. So I'm John O'Brien. I'm here with two legends, the commissioner of NBA basketball, of course, and NFL football, Adam and Roger. And we're going to take them, transport them back to their 18 year old selves, which is only a couple years ago. What advice would you give to your 18 year old self, Roger? Financial literacy advice, I think. Learn learning how to manage money. You don't have a lot usually when you're 18, but you have the ability to learn more about how to save, how to invest, how to make sure that what you earn you take care of. And so you just have to learn about it. Well, that's some of the great programs you're doing. Financial literacy for all we're doing together, all three of us are doing together. I said yesterday I would ignore the noise. There's a lot of noise around you. You're trying to be like this person, probably like that person. Somebody's trying to be a four square block celebrity. You just realize later on none of that stuff and all timing the market, that's the other thing you get. So you know, if somebody's got some get rich quick screen scheme. Yeah, usually it doesn't work. That's right. It's smart. If there's a free, if there's a free lunch, it's probably still. Adam, you've been, you, have you always been this calm and cool and collected your whole life? By the way, I'm not inside and just in terms of financial literacy. I know the mistake I made was like When I was 18, I was pre Internet and all that, that I had a summer job and I bought some individual stocks and I'll never do that again. To this day I don't buy individual stocks. I only buy funds. And I thought that you could read the paper or learn something about a company and I didn't understand it was essentially gambling to pick an individual stock like that. So buy funds if you're not an expert on the market. Yeah, you know, invest in the market overall but stay away from individual stocks. At least that's my advice. That's brilliant. Actually, I don't know, I wouldn't go that far. No, it's brilliant because you're going to an expert. That's true. Who knows about stocks. And you're saying I'm gonna rely on the expert to Find a basket of investments to make. In some ways it's how you run an NBA franchise. You've got these owners and coaches who get the individual players. You're building the franchise value of the whole, both of you, of, of the leagues. That's a great point. We don't have to root for individual teams or buy an individual teams where we manage our risk. We manage the risk through the whole league. But it, there's a similarity there. But, but I do, I think that, you know, individual investors who day trade. It's highly risky. Yeah. You know, unless you're an expert in that, you know, but if you buy funds or index funds or professionally managed funds, then you can ride the market. I think that's the way to build long term wealth. Yeah. What you said about you're not as calm on the inside as you're on the outside. I think it gives a lot of people confidence because you look so confident all the time and it makes people watching this say, well, if he is not always calm inside, then it makes them feel okay that they're not always calm collected inside. Gives them courage. Yeah, you know, it's a great point, John. I would say that I've learned over the years, I'm sure Roger has as well. Well that when you're nervous, most about everybody else is as well. Yes. You know, and just some people do a better job hiding it. But I think acknowledging that nervousness really takes you a long way. I think when you accept like, okay, I'm nervous, you know, I'm scared now, I'm going to go do my best. That's right. That's, that's great advice for young people and players call it pregame jitters. And it's sort of the, you know, you get the little stomach bugs and yeah, that's all good stuff. Right. Because that gets you. That's right. You're ready for it. It reminds me, we had a kid with going through our financial literacy course. He was about 12 years old in Detroit and he had gone the course. And by the third week he was wearing the suit like the banker. And when he came out the course, I was gonna go commend him. And his friends were teasing him, man, why you wanna wear that stupid suit? Why you wanna go to this stupid class? You know? And I went over to him and said, look, I'm gonna give you. This was now a decade and a half ago. I'm gonna give you $70. Make a decision about Nike. The young man, Derek says, I'm gonna buy a share of Nike stock. And they had been studying Nike, by the way, in the classroom. So it wasn't an individual purchase, it was something he researched. And the kids were like, oh, they doubled down. This is stupid. Why would you want to do that? Get you some Air Jordans. Everybody's got Air Jordans, Purple Air Jordans, future Air Jordans. Start going through all the. Think long term. So I went to go defend Derek. Hey, man. Derek, you okay? Derek says, no, no, no, I'm cool. I want them to buy those shoes because when they do, they're making me money. He had already transported himself into a shareholder, so his mindset shifted. And so he had jitters that turned into confidence because he had knowledge about how markets worked. And what you guys are doing is helping people to take their jitters and turning it into confidence because you're authentic as leaders and you're giving people a place to take their talents and turn them into magic on a stage that everybody can cheer for. And I want to thank you for being American heroes. You really are a force for good. We're honored to have you here. We just work with American heroes. No, you manufacture them. Thank you, John. Thanks for all you're doing. Appreciate it. All right, thank you. Ti, my brother Tip. I love this brother. He is, he is from the streets to the suites and back again. He's a bridge to all of our communities. He's much smarter than anybody gives him credit for. He's a noted artist, a hip hop artist, a producer. He also is a comedian now. He's also a real estate owner, father, husband. What would ti tell his 18 year old self about money and financial literacy? To look back, what would I tell my 18 year old self? That the liabilities aren't as fun as they seem before you buy them. That's deep. Yeah, you know, we, I think that's deep. We've been blessed with abundance and we, all of us have spent way more money on things that we didn't need because we thought that they would benefit us far more than they actually did. But it wasn't until we, you know, till we made the purchase and we, and we experienced, you know, and financed it. So the payments continue even when the fund stops? Well, some of us, some of us cash out, you know what I'm saying? But I've done it both ways. So. Yeah, you're absolutely correct. But it's not until we splurge and we're in the midst of it that we're like, you know, I could have done without this. That's Right. But. But I think it's that experience. We really are paying for that experience. Could that be like low self esteem? Could that be like. Could it be like we are like trying to prove that we are somebody by overcompensating? And you think that it's, you know, because we haven't had these experiences and these opportunities in the past. I don't think it's as much self esteem as well. For some it could be, but for me it was just I grew up not having, you know, and when you grow up not having, you want to have it. Exactly. You know what I'm saying? Yeah. Just like, you know, most people who, when you fast, you know, of course they say it's supposed to break your fast with something small. But you know, the human nature is to. To gorge. You know what I'm saying? After you haven't had, you want. And I think that, you know, like for instance, my children, you know, my kids, most of them don't even care for most. You know, like major, he don't care what kind of shoes he wear. I asked him what kind of car he wants when he turns 16, he says, man, just something to get me from point A to point B, you know? Same for Messiah. Same for Messiah is a country singer. Well, he. Rock and roll. He's really love that dude. Yeah, he doesn't, but he doesn't really value. He values things that has been. That have been used and can stand the test of time. You know what I mean? He's into vintage things and that's because he grew up having so much, you know, so they don't, they don't. They don't. They don't have the same hunger. Exactly. They don't have that itch to scratch the way I did, you know, So I think that it's growing up without that kind of had me overdo so much. But it's also. You raised them well. You cursed them out, you set them down. You told them that, look, this stuff is not real. You gave them real values. Sure. You showed them what was real. You showed them what real. Sure. And then let them make the decision. Yeah. Is very well balanced, that kid. If he's walking in here now, no one even know he's your son. He's just, he's just chill and understated. He let his talent speaks for itself. That's right. And he's walking a road less traveled on music that he's completely comfortable with. And because he's comfortable, everybody else is comfortable. Yeah. And I think I've tried to instill in them just the value of what's in you more so than what's on you. You know what I'm saying? And the true measure of wealth is the amount of things you have that money can't buy. That's right. You know, love, respect, honor, integrity. You know what I'm saying? I try to fill them full of tools they can use like that and service like you. Showing up every year to the HOPE Global forum. And as busy as he is, I saw him about a month ago, and he was in the middle of a public situation. He's like, hey, man, when's the forum? I need to be there. Like, he brought it up. I didn't. Yeah. And you. Do you remember the first time I came? I brought him with me. That's right. He performed. Well, no, no, he didn't perform. That was the second time. I don't even think he was even playing the guitar yet. Remember? I think the first time I came maybe was about four years ago. I think it might have been 2120. It might have been before that. For real? Yeah, yeah. You've been around for a minute. But. But he came with. He performed last year or the year before. Yeah, yeah, he came with me. Just observing, just because I want. I thought it was important for him to kind of learn, be exposed to people who have a lot more than us, like you, and you're doing just fine, and see the way that they behave. Let him know that all money isn't loud. You know what I'm saying? And he liked it and enjoyed it and learned so much from it that he made it his business to come back on his own. I've learned that when you got the power, you don't need to use it. There's no need to scream and holler and raise your voice. It speaks for it. When you've got the real power, it speaks for itself. It's better to underestimate and overperform than overestimate and underperform. Yeah. And you've slid under the radar on things like. Like movie production. You're doing movies now. You're doing comedy. You're just. You're just going to do the work and letting that speak for itself. I mean, man, you know what, man, I'm just continuing to. To just be blessed enough to have my steps guided by my passion, man. I. I don't even think about what, you know, what I'm gonna do, like, for money. It's just like, I just do what I. What I feel is gonna fulfill me. You know what I'm saying? And what I think can help others around me. So it sounds like what you tell your 18 year old self is chill. Yeah, yeah. Don't sweat the small stuff over mess, not in it. That's right. Make sure your asses are not on your ass. That's right. What does it feel like to get the new iPhone 16 Pro with AT and T? Next up anytime. It's like when you first pick up those tongs and you're now the one running the grill. It's indescribable like something you've never felt before. All the mouth watering anticipation of new possibilities. Whether that's making a perfect cheeseburger or treating your family to a grilled baked potato, which you know will forever change the way they look at potatoes. With AT and T Next up Anytime you can feel this way again and again. Learn how to get the new iPhone 16 Pro with Apple Intelligence on AT and T and the latest iPhone every year with AT and T. Next up Anytime. AT and T connecting changes everything. Apple intelligence coming fall 2024 with Siri and device language set to US English. Some features and languages will be coming over the next year. $0 offer may not be available on future iPhones. Next up Anytime feature may be discontinued at any time, subject to change additional fees. Terms and restrictions apply. See att.com iPhone for details. 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 the holidays are here and it's that time of year to think about. Yes, gifts, but not only gifts. It's the guest, the party planning and the true meaning for this season. Spending time with family and friends. We know it's a lot, but we're here to ease your mind and share some tips so we'll make it through together. With the season getting underway, now is the time to shop for amazing holiday deals at Amazon. Amazon has a wide selection for all your holiday needs. I mean personally I would just love one of those Robo self cleaning kitty litter boxes thingama things. I know that's real specific, but hint hint, Amazon Last minute deals are here. Shop Last minute deals now on Amazon and visit Amazon.comblackffectpodcast for my favorite picks. Small Business Owners. This one's for you. Chase for Business and iheart bring you a podcast series called the Unshakeables. This one of a kind series will shine the spotlight on small business owners like you who faced a do or die moment that ultimately made their business what it is today. Learn more@chase.com business podcast. Chase make More of what's Yours Chase Mobile app is available for select mobile devices. Message and data rates may apply JP Morgan Chase Bank NA Member FDIC Copyright 2024 JPMorgan Chase 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 cost? Spir out of control? Time to upgrade to the next generation of the cloud Oracle Cloud Infrastructure, or 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 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 so Roland, first of all, thanks for coming here every year for the Hope Global Forum. This is our biggest ever. It's our 10th anniversary and because of you in large part we're able to reach after the meeting where we get incredible engagement. We're able to reach millions in the weeks after because in large part of your engagement. So thank you. You are the network for black America as far as I'm concerned. What would you tell your 18 year old self around financial literacy lessons that you now know to be true but with when you're you may be kicking yourself when you're 18. First, the credit card that they came and shopped to us on Texas A and M. Don't do it. That's one. The second would be actually no matter how little made in college still saves something. Those are two that jump out like most people. So the Birmingham, the Birmingham News, I interviewed with them 16 editors. They all wanted to hire me. But In Alabama in 1991 they had a law that said they could factor your credit score in. Really? And you couldn't get to your job so HR at the Birmingham News said they couldn't hire me. Every editor wanted to hire me. The credit score was tore up the floor. Well, it's for the credit score. And so in my career, wherever I've spoken, especially in Alabama, I would remind the Birmingham News that they could have had me work there except for that law. And they were like, damn, do you have to keep bringing that up? I'm like, yes, I do. But again, it's a perfect. And there were so many journalists, George Curry and others who, who were pissed. They were like, what the hell? I mean, here we are, one of the top journalism graduates in the country, and because of the credit score, wouldn't get hired there. And. But that's also. I went to the Austin American Statesman and then career took off. But that's a perfect example. That was a law in 1991. And then later when I joined TV One, I said, you know, we're going to do a whole one hour show on credit. And my producer, Jay Feldman's like, dude, there's no show here. I said, trust me, there's a show here. And then when it was over, he was like, like four shows. You're like, I tried to tell you that because even he didn't understand how deep and broad a credit score goes in so many different people. We have people on who could not get military advancement because of your credit score was so low because of Top Secret. That's right. And so that's how broad. Lose your security clearance in the military. That's what I'm saying. Ability to serve your credits tore up the floor. So we did a. We did a whole on our show. But that experience, again, not getting hired. Yeah. How were you? No, I was senior in college. Wow. Like, they like, again, the editor dude was like almost in tears. But the HR department qualified and every other. Oh, I mean, destroyed. But the HR department said no, because that's why I say that civil rights and civil rights rights are now connected. Because you had the talent, you had the gifts. But the criteria included financial acumen that they, that. That is based on a standard that no one's taught us. We never had an economic infrastructure in the history of black America, which is what you're advocating for and what I'm trying to also build. But that's also one of the reasons why Alabama remains the poorest. Because there's a lot of talent that those laws that were passed that, that keep folk, keep folk away. And so again, so Birmingham News, they. The talent that I had never came because of that law and the editor's like, we got to get rid of this because we're losing great talent. That's right. But, but, but again that, that was one of the deals. So it was just, I mean that was a perfect example of what I said. I remember my dad was upset. I was like, dad, don't worry about it. I'm gonna get a job. Don't worry about it. We'll be good. And then he good. Now him mom living in my house. That's paid off. You did all right. Yeah, but, but it, but it was a perfect example. Like that was the first job that come. I wouldn't, I hadn't graduated yet. They wanted to hire me, but the credit score prevented from happening. And, and now that thing is now expanded there, I think about 38 or 40 states. I mean it's how it's expanded, how, how that has changed. A lot of 18 year olds feel that they're, they don't need to worry about what they're doing at 18. Life's, they're going to live forever, everything's going to be great, there's no repercussions. And what I'm hearing you're saying is in hindsight everything matters when you're 18. Oh, because that impacted the car I got, that impacted the interest rate I got and then even that even impacted the interest rate that I got when I bought my first house nine years later. Yeah. So same thing. Yeah. Thank you very much. Appreciate it. So Boris, first of all, thank you for being here. Thanks for having me. Thanks for being a forceful group, honored to have you here. Amazing. So what advice would you give to your 18 year old self? What financial literacy advice, if you had to go back, would you give? And by the way, I got a, I get armed. I got a lift way up here. Get the mic up here. Wow. So the first thing I would say is invest in financial literacy. Meaning read as much as you can, talk as, talk to as many people as you can. Get a financial mentor and don't be afraid to make mistakes because we're paranoid about making a wrong move. You will definitely make the wrong move many times over. And it's okay. And it's okay. And then I would say stay away from the stock market and invest in S&P 500 and do that. So not staying away from the stock market, but stay, go, go smart with the stock market, with the s and P500, which is basically the leading company, the leading 500 companies and invest for the long term. Yeah. So no, Janky, stocks don't buy into becoming a billionaire in three years. Don't believe social media. Take your time, learn, educate yourself and know that at some point you will turn 50. So even though you're only 18, 50 will come. So what you're doing now will pay off handsomely when you're 50 and you might actually be handsome when you're close to 50. Invest in your mental health, in your physical health, in your spiritual health. Because the spiritual, the mental and the physical go together. If you let one slide, you will suffer wholly. They're all connected. They're all connected. Yeah. And most millionaires, by the way, don't get there until they're in their 50s. That's right. Yeah. So. So you would basically tell your 18 year old self to knock it off. Don't, don't stop. Ignore the noise all around you. Stay very focused on fundamentals. And these fundamental truths have been true your whole life, it appears. Right. These are solid. These are solid things that your value. Solid things. You can double your money every seven years if you're careful and you educate yourself. And that's a, that's an absolutely attainable goal. Yeah. And it'll pay off when you're 50. Yeah. This is, this is somebody who understands you make money during the day, you build wealth in your sleep. And there's a difference. He's not just making a living, he's built a life for him and his wife. 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. The holidays are here and it's that time of year to think about, yes, gifts, but not only gifts. It's the guest, the party planning and the true meaning for this season. Spending time with family and friends. We know it's a lot, but we're here to ease your mind and share some tips. So we'll make it through together. With the season getting underway, now is the time to shop for amazing holiday deals at Amazon. Amazon has a wide selection for all your holiday needs. I mean personally I would just love one of those robo self cleaning kitty litter boxes thingama things. I know that's real specific, but hint, hint, Amazon last minute deals are here. Shop last minute deals now on Amazon and visit Amazon.comblackffectpodcast for my favorite pics. Small business owners. This one's for you. Chase for Business and iheart bring you a podcast series called the Unshakables. This one of a kind series will shine the spotlight on small business owners like you who faced a do or die moment that ultimately made their business what it is today. Learn more@chase.com business podcast Chase make More of what's Yours Chase Mobile app is available for select mobile devices. Message and data rates. May apply JPMorgan Chase Bank NA Member FDIC Copyright 2024 Chase JPMorgan Chase & Co. Be merry, be bright, be loved this holiday season with sparkling holiday gifts from Pandora Jewelry. Bring the sparkle to Black Friday with Pandora jewelry. From November 16 through December 3, receive 30% off storewide hand picked and ready to wrap, wear and love. Select from a wide range of possibilities for personalization. From festive charms with vibrant pops of color, shimmering rings and earrings designed to dazzle, to radiant bracelets and necklaces shining in a mix of luminous medals, Pandora has something special for everyone on your holiday list. Shop Pandora jewelry today and save 30 off. Some exclusions apply this Christmas. So you're her, right? You're the boxer. Experience the Incredible True Story as long as I'm boxing, I'm gonna 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. If I'm gonna train for this gold medal, I'm gonna need exactly what the man. 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. What financial advice would you give? Financial literacy advice, economic advice, cautionary tales. What would you say to your 18 year old son yourself? You could go back, listen more, prioritize saving. Embrace the fact that you can't do it alone. Because even if you do succeed in doing it alone, chances are you didn't uplift anybody else along the way. That's right. So you're standing alone. And when you're standing alone, a fall is inevitable because there's but so much you can do by yourself. You can spearhead, you can spark, you can motivate and inspire. But in terms of carrying that load, it only gets heavier as you get older. More responsibilities, mortgages, children, family. And by the way, the more successful you are, the more people are going to get to know you. People in your pocket, they're going to be in your pocket. They're going to. They're going to end not Only that they're not going to come asking, they're going to come feeling entitled. That's right. To what you've earned. That's right. And all of those challenges are things that you will work a lifetime to ward off. I am in my 50s and I'm still learning how to ward that off because there's always new people that come along and they may have helped you, they may have assisted, they may have provided assistance and help and all of that stuff. But their belief in what they're entitled to far exceeds what your beliefs may be engaging. Where that line is, that line of demarcation where you're trying to establish what's right, what's wrong, what's fair, what's unfair, what's too excessive, what's enough, it's a never ending process. And when you're youthful, you don't think about that. That's right. But inevitably it comes your way. So that guidance from the elder statesmans of the world. And by that I don't mean age, I mean wisdom and experience. When you have folks who are wiser, who have more experience, who have endured the terrain that inevitably is going to come your way, if you arm yourself with that level of intel that comes from a place of inspiration and heartfelt, you know, emotions as well, in terms of them caring about you and your upliftment goes a long way. This is one of the best pieces of advice that I've heard anybody give on this question. Because when you're young, you look at successful people and go, why they're so standoffish, why they got a coup? Why they got people around them and I can't get at them. Yeah, why they got such an attitude? Why are they so paranoid? We're paranoid because y'all coming at us and you try to get your head in our pocket and when we won't, when we zip up the pocket, you want to go around us and take it as if it's yours. And it's happened to me, it's happened to you, it's happened to everybody in this room. And we're shocked by it. Like, we're stunned by it because it's not strangers, right? The people who look like us. And we never had this conversation, but this is wisdom. And everybody listening to this needs to understand you need to have compassion and empathy for folks who are walking a different path from yours and learn from them. And you can't take everybody with you when you get on that path of success. Help people as you can, but you don't Have. They don't have an entitlement to your success. The thing that I just got from you more than anything because people hear you and you're always loud is this quiet wisdom. You, you listen. I asked Quincy Jones, why are you so. How'd you get so smart? Answer. God rest his soul. I'm just nosy as hell. I want to know everything about everything. Right. When I met you, I was shocked. After our interview, you're the first thing you had to say to me was questions. Tell me about this, tell me about that, tell me about the structure of this. He was as smart as he is still learning. God gave you two ears and one mouth so you listen twice as much as you talk. Well, I think the word that comes in to mine is humility. My success is not something that I think about too often. My attitude is I have to wake up every day validating that success that I've achieved. That's right. I can't walk around like I've arrived. That's right. Because the second you do that you're going to get knocked off that proverbial pedestal. And I'm not going to let that happen. But the thing about it is that the humility comes from an understanding and a complete acceptance. You don't know it all. You don't even know most of it. There's always somebody that knows more. There's always somebody who can teach more. There's always someone who cares more, who's more empathetic, who's more in touch with the empathetic side and the kind of things that ail us not just as individuals, not even just as a community, but as a society. And so when you're thinking along those lines and understanding that you sit down in that humble space of yours looking somebody in the face who sees you as a successful human being and you're saying to them, no matter what I am, I don't think I'm better than you. That's right. I would appreciate it if you would help me become even better than I am right now. And when you do that, it's very, very difficult for somebody to turn away from you and deny you unhelping hand when you come to them with such humility and an understanding of your place in this world. Success with a light touch. Yes, success with a light. And sometimes the heavy touch is necessary, but only in defense of your self preservation. That's right. You know when you know that you're crumbling, when you know that the weight is too much. Yeah. Only you can make that Call about yourself. And if you know that about you, there are going to be people that accuse you of being selfish. They're going to say you don't care enough. They're going to discount all that you've done. Eagles don't fly in packs. All that you've done, you've never seen a flock of eagles. They're gonna, they're gonna discount all of that. But you have to work the late nights, the weekends. You didn't go out and party. You have to have the alligator skin, the intestinal fat. Fortitude. That's right. To withstand it all and keep marching forward. Because anytime somebody is prosperous, there's always going to be people in your path trying to stop that progress. Because their definition of success is hindering your progress in their mind. In their mind. And you have to know what that is, what that looks like when you see it in your world. So your 18 year old self, a tougher skin, a lighter touch, a humility and understanding that hurt people. Hurt people. Yes. I've always had the humility. God blessed me with that. I've always been one who listened. I've always been one who was inquisitive. So I never was. I never lacked that part. Right. The other stuff though, when you're on your grind and you put your head down, it's about marching forward and making sure nobody stops your progress. Sometimes you miss a lot. That's right. You miss a lot along the way. But in my case, what I missed was helpful for me because the lessons it taught me. Sometimes you got to pay if somebody is. If, if somebody is walking down a path, you don't want them to fall into an abyss they can't get out of. That's right. But sometimes you got to let them fall. That's right. Because that's the greatest lesson they'll learn. Right. Rather than the wisdom that you may have bestowed upon them. Because even though they'll listen to some degree, sometimes they don't listen enough. Sometimes the fall is the greatest device for listening than anything else. Drop the mic. This is Stephen A. Smith on him talking to him at 18 years of age. And all of you need to listen to this and put it on repeat. 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 the holidays are here and it's that time of year to think about, yes, gifts, but not only gifts. It's the guest, the party planning and the true meaning for this season spending time with family and friends. We know it's a lot, but we're here to ease your mind and share some tips so we'll make it through together. 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It took me a while to get I got mentors like you that drilling in me and live at or below your means. If you're 18 years old and you make two grand a month, you can't afford a two grand apartment. So you and two of your cousins should get together and go in on that apartment together. You guys should take the extra money put aside to a savings to buy an investment property together. Buy your very first duplex or quadplex together. We have to start taking seriously money very early. So at 18 years old you're old enough to start saving. You just need to do it with a plan and do it with the focus of people. If I was 18 years old I tell me my cousin Jimmy and my cousin Brian, let's get a place together, let's buy an investment property, let's get a quadruple. We'll stay in two of them together, we'll rent out the other two and then we'll repeat processes. We save money. That's it. That's it. Tells about a succinct the guy's a genius. Like he's not only is a first of all he's he's got a rap like an understanding. I love his music. I just play it on repeat all the time. But he's so wicked smart. This is an example of that. What advice would you like to give to the 18 year olds listening to this now they're starting there. In life, man, there's nothing that's impossible with time. You know a river, a river takes a jagged rock and makes it smooth. It just takes time. Give yourself time. It's going to appear to you that everyone else is taking off while you're sitting still. That's their story, that's their movie. Stop trying to star in other people's movies. Star in yours. And if you read Jason's Iliad or if you saw John Wick, what you know is the hero must go through a personal overcoming to establish and win. So you're the hero in this movie. Every trial you're going through is just another trial that brings you closer to the ultimate victory. And the victory isn't the ending going your way. The victory is in who you become on the journey. Rainbows only follow storms. Amen. Amen. You cannot have a rainbow without a storm. You cannot grow except through legitimate suffering. Man, I was, I landed in Jamaica with my wife once and it was pouring down and she wasn't expecting rain and she wanted a beautiful weekend and she was complaining. And a driver turned to us and said, ma'am, the farmers pray too. That part. So what would you tell your 18 year old self about financial literacy? What, what lessons or what advice advice would you give your 18 year old self? Looking back, knowing what I know now, that bicycle really wasn't worth it. Okay. I never really had a large sum of money. I was working for $5 a day. I made 27.50. Working from 7 to 7. Wow. Working a half a day on Saturday. Wow. So I made 27.50. And by the time I settled up with the corner store, I brought home about $20. And I've always had lofty ideas. I mean, the worst thing that happened to me is my advice started coming on because they had Rolexes, they had Versace, they had Ferraris, and I wanted that. And I felt that was I had made it if I had that. You know, you grew up in a house with no indoor plumbing and you have to go outside to go to the bathroom, you have to draw well water. So I needed thing to say, okay, I made it. Not realizing that I could have made it without having all those things. But that's not how my mind was wired back then. I had to have, I needed a Rolex to say, okay, I got out of the hood, I needed a big house to say, this is yes, yes. And so now things that interest me and excited me when I was 18 doesn't have the same effect on me now. It doesn't have the same effect when I was 30, doesn't have the same effect when I was 40. And so I wish I would have had that mindset then to realize that, you know what, Shannon? You could save. You could get something that's not as expensive because at the end of the day, I'm Shannon Sharp regardless. That's right. I can be Shannon Sharpen a Chevy or I can be Shannon Sharpen Ferrari. At the end of the day, I'm still Shannon Sharp. And that's what I had to realize because the car didn't make me. I bought it. Yeah, the, the, the wealth is not on your arm. It's in your head, it's in your heart. So you realize that you are actually somebody and you don't need something else to reaffirm that. Now you get those things now. Cool. But. But it's not a proxy for your self esteem. So you become reasonably comfortable in your own skin over time. Yes. If you go outside and you look at your car and your car is worth more than you have in your bank account, you're a fool if your asses, if your assets are on your ass, you got a problem. Exactly. And so that's what, that's what we going to have to understand is that it's not the things that we have that make us wealthy. Yeah. You shouldn't be paying more for your car notes than you are paying for rent. No, absolutely not. No, absolutely not. And look you. And why have a fancy car if you renting? Hello. That's a lot of time. People have these nice cars and you pull up, you pulling up to an apartment complex. Really, bro? Rolex, I mean, Range Rover and no range. It ain't roving nowhere. You parking it outside, you ain't got a garage to park it in. So home ownership, you, you, you live and learn. So I wish I had learned these things a lot sooner in life. Well, we're honored to have you here and have you with us. Thanks for making this issue sexy and appealing and, and reachable. For most people, financial literacy is a civil rights issue of this generation. I'm honored to be here. Honored to have you. Thank. Foreign 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 show. The holidays are here. It's that time of year to think about, yes, gifts, but not only gifts. It's the guests, the party planning and the true meaning of the season. Spending time with family and friends. We know it's a lot, but we're here to ease your mind and share some tips. So we'll make it through together. With the season getting underway, now is the time to shop for amazing holiday deals at Amazon. Amazon has a wide selection for all your holiday needs. I don't care if you want to get your people's laptops, gaming screens, whatever it is they need. Amazon got it. Amazon. Last minute deals are here. Shop last minute deals now on Amazon and visit Amazon.comblackffectpodcast for my favorite picks. 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 week season with an ice cold Coca Cola. Copyright 2024 the Coca Cola Company the Big Holiday beauty sale at Ulta Beauty is happening now. Get the best gifts up to 50% off, including can't miss deals on Urban Decay palettes and the fabulous Shark Dryer and Styler. My skin is so important to me. So you know, I got the First Aid Beauty Ultra repair cream. Gotta make sure I hydrate my skin. But that's not all. New deals drop every week. So whether you're treating yourself or finding the perfect gifts for your crew, head to an Ulta Beauty store today. Get all the best gifts all at Ulta Beauty. Every day, our world gets a little more connected, but a little further apart. But then there are moments that remind us to be more human. Thank you for calling Amica Insurance. Hey, I was just in an accident. Accidents? Don't worry. We'll get you taken care of. At Amica, we understand that looking out for each other isn't new or groundbreaking. It's human. Amica empathy is our best policy. 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 Lorelei, 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.