← Money And Wealth With John Hope Bryant
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Head to oracle.com strategic that's oracle.com strategic this is the story of the one. As a maintenance supervisor at a manufacturing facility, he knows keeping the line up and running is a top priority. That's why he chooses Grainger, because when a drive belt gets damaged, Grainger makes it easy to find the exact specs for the replacement product he needs, and next day delivery helps ensure he'll have everything in place and running like clockwork. Call 1-800-GRAINGER click granger.com or just stop by Grainger for the ones who get it done. Welcome to Money and Wealth with John Hope Bryant, a production of the Black Effect Podcast Network and iheartradio Foreign yo yo, this is John o' Brien and this is the Money and Wealth Podcast Series, Season two. And this is a gut check episode. This is out of sequence. I didn't mean or intend to do this episode at this time. I would like to think that this episode is not actually necessary. But something has happened in the last week or so that it's caused me to think and to feel, yes, to feel deeply that I need to double back and relay the foundation for this house before we start talking about building a business and building a. And buying a house and, and, you know, buying assets and what is this? And what is that? And talking about, you know, all these exciting topics that I have coming up. Family offices, et cetera. We've got to make sure we're not rearranging the deck chairs on the Titanic. This episode just might upset a few people because I'm coming right at you. I carry you. I care about you enough to tell you the truth. And I'd rather you respect me and learn to like me, then like me and never respect me. And I wouldn't respect myself if I didn't tell you what I believe is a hard earned truth about success and about failure. There's a lot of attitude out here, and I hate to have to point out a group, but it is overwhelmingly coming from a group I absolutely am rooting for that. I want to win desperately. Millennials. The comments that I am reading are, on the one hand, inspiring because they're very ambitious, and on the other hand, extremely troubling because they're overconfident for no good reason. And God gave you two ears, all of us, including myself, two ears and one mouth. So we listen twice as much as we talk. Quincy Jones, God rest his soul. How'd you get so smart, John? I'm just nosy as hell. I want to know everything about everything. I look at the success that I've had. A lot of it has to do with me being nosy, of being curious, of literally seeking out success stories, the best in the game. This is way before social media, digital media. So you had to do it the hard way. You had to meet somebody somewhere and decide whether to talk or to listen. If you can meet them somewhere, I mean, you can meet this. This generation can meet anybody, theoretically, online. No matter how big the star is or how influential or wealthy or successful, if they're online, you can get a comment to them or a message to them. Heck, I'm reading your comments. That's why I'm doing this episode. So you can reach me. You are reaching me if you see me commenting on, particularly Instagram. I try to get to all the platforms, Facebook, et, cetera, threads, et cetera. But if you see me commenting or you see somebody coming in my name, that's me. And typically I love the comment section. I live for the comment section because that's an opportunity to have a sub topic conversation, another opportunity to educate and to grow a couple posts that I put out. And I don't talk unless I know what I'm talking about. If it's about health and wellness, I don't know a thing about that. I go to my wife, Shaytra. If it's about spirituality, even though I think I'm deeply spiritual, I don't know a thing about religion and deep, deep spirituality. I go to Ambassador Andrew Young, Reverend Dr. Cecil Chip Murray raised me, but I don't know a thing about this topic. I go to the hero, the iconic person in my life, Ambassador, Rev. Dr. Ambassador Andrew Young, who's on that, that, that balcony with Dr. King when he was assassinated, but also is a minister who marries and counsels and knows the Bible inside out. I go to Bishop T.D. jake, who's a friend also, and Reverend Dwight Andrews First Church, where I just spoke this Sunday. Whether Trustee Sunday. I go to people who are experts in their area. If it's entertainment, if it's music, I go to my Brother Ti or Killer Mike. When the area is political, there are a wide range of folks I go to and I listen. Even though I was a presidential advisor for three different administrations from both parties, been recognized by five U.S. presidents. I've known nine U.S. presidents, but I am not political. So I don't presume that I have the answers there either. I call my head of government relations and public policy all the time, Janae Roscoe, asking questions. I'm nosy. I've succeeded on a grand level by anybody's definition, so I'm told. But I have 400 employees, not 4,000, not 40,000, not 400,000. So if I'm going to get to 4,000 or 40,000 or 400,000 employees, I'm currently at 400. I need to talk to my Fortune 500 friends and ask questions and shut up and be curious and not just hear them, but listen. Truly listen. I'm not hearing the silence of listening. I'm hearing. Hearing to respond or worse, hearing to react. Waiting. Worse, waiting for one's turn to talk. Wealth is a mindset. Please hear me. Money can be made on labor for sure. Money has been made on labor. But money makes more money on money than money will ever make on labor. And technology will follow after that. But the overarching overarching component of wealth. And you want to come from the latter word, capitalism or capitas. Capitas. Capitas is Latin for knowledge in the head. Loosely translated, that's also really about learning. And so when you stop learning, you start losing. You're rearranging the deck chairs and the Titanic, the ship is sinking, but we're picking drapes. And there was a, a couple times where again, I love a. A very interesting debate and discussion, but there was one post where I talked about the difference between poor neighborhoods and unfortunately, a large number of black and brown neighborhoods are poor and I grew up in one, so I have credibility to say it. There are poor white neighborhoods that are poor. Clearly there are more poor whites in America than poor anybody else. Goes without saying. Anybody knows their facts. But these are neighborhoods that I grew up in. I was concerned about these neighborhoods and I was complimenting the black community and brown community for most of this post. But I started out by saying that black and brown in poor neighborhoods tend to be noisy urban neighborhoods and wealthy neighborhoods tend to be quiet. Didn't mention the race. And clearly there are black neighborhoods that are wealthy. I've lived in many. We all know them. The emotionalism in the comments about people were triggered by the fact that there's some inference that. I don't know what the inference was. I didn't say it because I didn't say it. But black and brown neighbors were only noisy. That was not the point at all. That's not what I said. It's not what I meant. Anybody knows me knows that's not what I meant. It was. And smart people in the comments would correct the others, like, look, you guys are missing the point altogether. I mean, statistically, half of hate to say it, but half of black communities have a credit score below 620. That's just a fact. So that means that the majority of our communities can't get access to prime credit. Now you can call it what you want, but it's not a prime rate community and probably is a poor community. If you live in a 500, 600 credit score neighborhood, you're seeing a check casher next to a payday loan lender next to a rental owned store next to a title lender next to a liquor store next to a pawn shop. Okay, that's going to be a lot of noise, physical. But what I'm really talking about is mindset. Right? Mindset. People miss the memo altogether because they're so busy winning the battle. Wanting to win the battle. You lose the war you're picking up. You're stepping over a dollar to pick up a dime. And we got to knock this off. There are people coming from completely separate disciplines. I'm a businessman, right? I'm talking about investments, I'm talking about. I was literally talking about. I walk through life consciously oblivious of most things around me because it doesn't matter. I'm just quiet in the head. And while it is symbolic, a symbolic truth that poor neighborhoods, be they poor, white, rural, or black and brown and urban, that these neighborhoods tend to be louder and noisier, it's just a lot of stuff going on. People aren't. You aren't building your own business, typically you're working somebody else's and you're entertaining yourself to keep yourself away from the stress. And you got a surviving mindset. A surviving mindset is different from a winning mindset or a building mindset. Surviving mindsets just trade in tenetrate, in drama and emotions. It's not an opinion, it's just a fact. The fact that folks could not even get beyond that to get to the point to talk about what I was really talking about, which is you can live in these neighborhoods, as I did, as my friends did, and still walk through it with a clear, quiet mind. Because you cannot create symphonies. You cannot create beautiful music. When Quincy Jones went into the studio, the noise had to stop so the music would begin, so he could hear. At some point, in order to create genius, in order to create a business or in order to do a budget, in order to. To have a serious conversation or you need to think, you need time to reflect, you need to quiet the noise. All a patent is is a monetized idea. You need a space and a place to create the idea. Ideas are not created in noisy environments. There's too much else. There's too many things competing for your focus. There's no time, space, or place for the magic of creation. We never got to that conversation. Let's fast forward beyond that. There's another brother who was referred to me by a very big celebrity. I don't want to name names, but this celebrity said, you should speak to John Hope Bryant. And before that guy could be before that gentleman who's a young man who brags about making seven and eight figures. If you're making that kind of money, you tend to not brag about it, by the way, but I'll get to this in a moment. That guy just starts going off about, he's got this paper he's making seven figures, eight figures. He's doing cryptocurrency, he's doing stocks. He don't have time for talking to older dudes and listening to them talk about boring businesses in real estate. Takes too long. And even though he says he owns real estate, it's a complete contradiction. But he didn't ask me a question. He didn't even know who I was. He was too busy talking. I'm not concerned about me. I'm concerned about him. Because yes, anybody can make money in a moment, for a minute. But if you go far enough for the North Pole, you end up south. I love you enough to tell you the truth. Sometimes you need to just shut up. You just need to shut your mouth and listen to somebody who's done it. Not only am I one of the, I think top 1 2% of all African American business people who own who have a payroll of over a million dollars every two weeks. A million and a half, almost $2 million every two weeks, 400 employees full time. But it built it from nothing, literally from nothing to something. It's the largest black male founded community based nonprofit, new US history. That's just my philanthropy. Not only have I created these businesses and all this stuff, like the stuff should sort of speak for itself credentials, I mean that alone should tell you to be quiet and listen. At least in this space where I am noteworthy and this person doesn't. I mean these people are talking to me. Don't have employees. They, they're confusing business busyness with business. You can be a wonderful self employment project. You can be a personal services contract genius and have yourself and three contractors and you're making seven figures. But riches is a contract. So you're going to make money and God bless you. But unless you're building wealth, which you do in your sleep, which you need compounding for which is infrastructure scale systems, difference between a hustler. I said this in my last podcast and a business person is paperwork. Okay? The paperwork takes time. It takes patience, it takes details. Right? You can't learn when you're talking, when you're running your mouth.
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You can make a difference in someone's life, including your own, with a job in home care. These jobs offer flexible schedules, health care, retirement options and free training. They also provide paid time off and opportunities for overtime. Visit oregonhomecarejobs.com to learn more and apply. That's oregonhomecarejobs.com run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad supported streaming music from Spotify and Pandora and as the number one podcaster, iHeart's twice as large as the next. So whatever your customers listen to, they'll hear your message. Plus, only iHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business? Think iHeart streaming radio and podcasting. Let us show you@iheartadvertising.com that's iheartadvertising.com.
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Jan Marsalek was a model of German corporate success. It seemed so damn simple for him. Also, it turned out a fraudster. Where does the money come from? That was something that I always was questioning myself. But what if I told you that was the least interesting thing about him? His secret office was less than 500 meters down the road. I often ask myself now, did I know the true Rian at all? Certain things in my life since then have gone terribly wrong. I don't know if they followed me me to my home. It looks like the ingredients of a really grand spy story because this ties together the Cold War with the new one. Listen to Hot Agent of Chaos on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
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I'm Hunter, host of Hunting for Answers on the Black Effect Podcast Network. Join me every weekday as I share bite sized stories, missing and murdered Black women and girls in America. There are several ways we can all do better at protecting black women. My contribution is shining a light on our missing sisters and amplifying their disregarded stories. Stories like Tameka Anderson. As she drove toward Galvez, she was in contact with several people talking on the phone as she made her way to what should have been a routine transaction. But Tameka never bought the car and she never returned home that day. One podcast, one mission. Save our girls. Join the search as we explore the chilling cases of missing and murdered Black women and girls. Listen to Hunting for Answers every weekday on the Black Effect Podcast Network, iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
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We need to knock it off and listen. I don't care how much intelligence you have. That doesn't mean you have wisdom. Wisdom comes with time, experiences and years. It comes with bruises. You cannot have a rainbow without a storm first. It's a scientific fact that you cannot have a rainbow without a storm first. Success is going from failure to failure without loss of enthusiasm. When I was coming up, I wanted to meet two successful business people. It was Quincy Jones and Ambassador Andrew Young. I wanted to be international. And the only two people I knew who were international were these two people. These two black Men. And so I just went about trying to meet them. And it took me 10 years to get Ambassador Young's attention. And I literally chased him all around the country in the world. I'd find out where he was speaking. I would buy a plane ticket, I would buy an event ticket, I'd get a hotel room. I'd show up and I would just try to get his attention. But I would listen to the speech in the midst of all that. And for 10 years he would be gracious to me, but he basically ignored me as he has a right to do. He didn't know me from a hill of beans, but I knew he was the best in the business in what he did. Quincy Jones. I wanted to meet Quincy Jones. Didn't know how I was going to meet him. There was no social media back then. And so I, I made, I took a consulting contract, a retainer that I had for a thousand dollars. He was holding a fundraiser at his house for a congresswoman. Congresswoman, woman, Juanina Melinda McDonald, God rest her soul, who represented a district in South Central la, Compton, I believe Watts. And I bought a ticket, event ticket. Went to his house in Bel Air, think it was Bel Air. And got to meet Quincy Jones. And we became dear friends. But I invested in these relationships. When I was my first conversation with Quincy, I mostly listened. He talked for four or five hours, just pouring into me. When I met, When I finally got Ambassador Young's attention, we talked for four or five hours, but I mostly listened to. I talked to Ambassador Young earlier tonight. We've been now dear friends. I'm like a surrogate son, I'm told. I've known him now, had a great relationship for 20 years. I still today shut up and listen. Because what he has done, I can't hold a candle to. He's the best. He's the closest thing to Nelson Mandela we have in the world today. I can't compete with that. Don't. Wouldn't want to. What I need to do is shut up. So we're confusing bravado with confidence. We're confusing arrogance with self esteem. We're confusing loudness with strength. When you got the power, you don't need to use it. I don't need to scream and holler if I want a profile. I guess I can hit you with my American Express black heart, knock you out. But I don't even need to do that. When you've got the power, you don't need to use it. So I'm trying to give you a message before it's too late. And this is not just for millennials. These are for anybody who is too insecure to acknowledge that you might be a little insecure. Like, my number one trait is I'm just reasonably comfortable in my own skin. No one's comfortable in their own skin. That's a lie. Anybody who says that or believes that is just lying to you and lying to themselves. We're all a little insecure. I'm insecure. Part of our success, we get up. The reason we get up early, stay up late, and work hard is a little insecurity in our system. A little insecurity, a little fear is healthy. Is why you run away from a bear. Right? It is what God put in you to have a proper amount of fear at the appropriate time. God didn't put a mouth, lips on both sides of your head. He put ears. One mouth. So one of the reasons I'm troubled is that there are people who, excuse me for being blunt, just might be absolutely broke, but certainly are struggling and striving. I just look at their profile because I take the time and don't want to assume who are on my page. This is my Straight Talk Live, not the podcast, obviously, on my pages for social media, because I believe they want to learn about what it is I'm an expert in. I'm the guy who. Me and my organizations who are responsible for financial literacy becoming the policy of the U.S. federal government. Me. Right. I've served three U.S. presidents. I've been in the Treasury Department. The U.S. treasury Department. That's where I counseled the White House and the Treasury Department. I've been in this game for a long time. I've invested $4.8 billion. Billion. Okay. My payroll is a couple million dollars. Just under that every two weeks. Just the payroll. And I'm up for nothing. No one gave me anything. So I'm stunned that people are talking when they should be listening and competing with me for opinion on a topic that I think I'm pretty clear on. If you're gonna compete with me, at least bring receipts. At least I can respect that. But it is so obvious that it's emotionalism and insecurity and vanity. But worse, there's something about what's going on now where people actually unfortunately think, because I guess you can comment with anybody, the level of playing field is level with digital media. Anybody can talk to anybody. So maybe you think, maybe anybody can think they can be anybody without the work. And let me tell you, that's wrong. Please hear me only in the Dictionary. Does the word success come before the word work because it's alphabetical? If you don't learn this lesson, whoever you happen to be, you're going to fail. If you don't shut up and listen, you're going to fail. You may win the battle, but you're going to lose the war. At some point the money's going to run out, the lights are going to turn off, the social media is going to turn to somebody else or morph into something else. With AI, who knows? But this game we're playing is going to be over because the fundamentals of success are basically the same. They haven't changed in ages. And I'm trying to break them down for you. And I'm doing it for free, right? It's free game. As Jay Z said on his 444 album, which is a financial literacy album, in my opinion, I'm trying to give you a million dollars worth of game for 9.99. I'm giving it to you for none. 99. So let's get into some fundamentals, right? There's a difference between looking successful and being successful. So there's. There is. There are too many people, particularly young people, who confuse ego, arrogance and even raw intelligence. Very smart people out here. I mean, there's not many dummies I see in these comments. These people are really smart, but they confuse that with wisdom, resilience and hard work. You see, it's hard to compete with me because I've been homeless. I've lost it all. I almost filed bankruptcy. I've written $100,000 check and given it to my chief of staff and said if the income does not, revenue does not come in by. This was Friday. On Monday, when payroll hits cash my check. That's back when payroll for me was $100,000. I've. I've slept in my office. I've never. I never got a payroll. I never had a fancy car. Well, at least not at that time. I remember my car note was $427 a month. For a long time I didn't have a fancy place to live. I mean, my God. I mean, think about this. I've been in business now for 40 years. Ish. 30 years of founding operation Hope. I think my first fancy house was 15 years ago. Quasi fancy, really fancy, you know, seven years ago, something like that. Fancy cars, same thing. But I've been at this game most of my life. I've been at this game most longer than the folks who are in the comments. Many of them have been alive. I can't believe I'm saying that. I feel forever young, but that is a, that is that, you know, you hear your parents saying that, you hear your uncle saying that. I never thought I'd say it, but that is the truth. And my uncle used to tell me my, my older folks would tell me the same Shut up and listen. Right? Do you know my I could not have given my I couldn't give my my John O' Brien of 2020 could not give John O' Brien of 2025 advice. I'm not picking on you. I'm trying to save you time, space and inconvenience. I'm trying to make sure you don't trip and fail because this world doesn't care about you. It's not about love or hate today. That was the old game. Today is increasingly radical indifference. People who don't care enough about you to hate you, they'd rather they'd like you to fail. They'd like you to move aside. They don't mind you playing in your ego or in your drama in do you know that 76% of all luxury goods are bought by poor and struggling people, not by the wealthy. They'd love you to buy all this stuff and spend all your time going to clubs and passing around business cards at 2 in the morning where you should be at home studying, trying to impress somebody. I don't know what you're trying to do leasing a car, leasing an apartment or over tipping the doorman or, or buying a first class plane ticket to Paris when you should, when you should be flying coach to Detroit to try to get a contract or whatever the deal is, you know, trying to floss with friends or all these folks who are flying at different places just so they get an Instagram photo. I don't know what people are doing, but you're wasting time and all you really have is your time. You can mess with my money, you can't mess with my time. I'm ruthless about my time. You cannot waste my time. And part of why I'm doing this table setting podcast episode, this one is I want to make sure that I'm not wasting my time and wasting your time by giving you the tools but not telling you what talents you need to focus on. So it is the wisdom which comes with time and experiences. It is the resilience. It is taking no for vitamins, is shaking things off, is moving on, getting through it, around it, to it, to get to it. It's not talking bad, it's being bad. And Being bad is not loud. It's not. It's not punch. It's not punching your chest, it's not banging on your chest. It's not popping your collar. It's popping payroll. It's paying your vendors on time. It's getting multi year contracts. It's getting intellectual property rights in your name. Is getting real estate in your portfolio. It's owning patents. It's having a business with employees. It's having a business with a brand. It's showing up time for showing up on time for meeting or letting people know within 15 minutes you'll be there. So it's not to be disrespectful. It's listening to people who've made it out of respect and regard, if nothing else, because you never know who you're going to meet them. On the playing field of success. Be careful. The toe you step on maybe connected to the rear end. You've got a kiss tomorrow. And keep. And keep in mind, truly successful people don't need you. I don't need to do this. Right. So do I remember people who were disrespectful to me? You bet I do. Do I make them pay a price? Nope. But will I give them the time of day? Probably not. Again, it's radical indifference. You need people to root for you. You need people to be invested in you. Which means you need to be investable. Wisdom, resilience. Hard work. Basic stuff. Humility. Somebody said people talk about humility. No, no. It's not forgetting humility. We need to be loud and boastful. Boistful. Boistful. I don't know where people are getting this crazy stuff from wherein God's name is humility not an asset? I may not be humble when I talk about my vision and my ideas. I'm very bold about that. But I have a humility about how I receive information and insights. We can disagree without being disagreeable. I'm not going to reject a possible lesson on its face. You may say 10 minutes of discussion to me. If you're successful and I made disagree with a lot of it, I might disagree in part because I've never been to where you are. So I just have no context and already come with an opinion. But there may be one little nugget in there that made the whole conversation worthwhile. I need to shut up and listen. Maybe this podcast episode should be called Shut up and Listen. So let's now move to the mask of bravado. Surface level. Confidence is bravado. Showing off is bravado. Looking rich is bravado. I don't care about your chains, real or fake. I don't care about the car you're driving. I don't care about the house you're leasing or whatever that you're in. I don't care about all this stuff and all this, this is, this is none of that matters. I care about your balance sheet, your income statement. I care about your credit rating, whether you pay your bills again, whether you're, whether you have institutional credit access as I do. I've done a 200 million dollar credit facility. Have you? Not you you, but you know, without a personal guarantee. I have unsecured lines of credit for seven figures that get renewed repeatedly. I, I pay my bills on time. I have an organization that has a four star charity navigator rating. That's my organization, Operation Hope, which is like I done in Bradstreet, triple A bond rating. If you check the credit of my businesses, all of them, which are transparently available, you see that we run an honorable enterprise. You go check the Better Business Bureau and they have things to say about how we do business. These are the things that you want on your record. Not an Instagram post of you profiling for the record. Social media culture is over. Indexing on designer clothes, lease cars, fake luxury lifestyles. Posting a vacation on credit cards versus building a savings account is not smart. Do you know it? You take $200 a month for 35 or 40 years. Just that alone will make you a millionaire. Just that act alone. Imagine what we waste on stuff. It's not about what you make, it's about what you keep. There's one for you. You make money during the day, you build wealth in your sleep. There's another one for you, right? You want boring businesses, you want boring business advisors. You don't want people going to the club with you and want to hang out with you. They're your business advisors. They're going to rob you blind. That's the last thing you want is your boys who are handling your money and your business hanging out with you. If you are one to hang out. I was always the one who hung in, by the way, when I was coming up in business. This is a very interesting point. My boys, my friends growing up, this is why I'm so, I'm so strong on this, right? Because I've been to this, I've been to this game before, I've been to this party before. I've read this memo before. All of my friends told me I was wasting my time studying they told me I was wasting my time working, staying at home. Come out and hang with them. They'd say, go, have fun, be visible. I was like, that's cool, go and do that. I mean, I have no, I'm not hating on your game. Go enjoy yourself. Fantastic. I mean, I had no opinion about what they were doing. I just knew what I was doing. Working from cancer in the morning to can't see at night. An entrepreneur works 18 hours a day to keep from getting a job. All I know is today, including a call I got this afternoon, these same people are calling asking me for a job or for a contract or mad at me because they don't have either from me. You had the same option I had. You chose to invest your time or use your time else way and you thought you knew better than me. God bless you. Fantastic. But that didn't work out so well. So did it. Like literally my folks who I grew up with, the folks who just chose a different path that I'm talking about here, literally all of them, if they're still with us, there's a lot of it is prison, probation, parole, unfortunately, and death. As people know my story, know the two people before I was even 9 years old, close to me, were murdered right in front of me. But the rest of them are just struggling. And while I'm writing checks, they're trying to find some place to cash one. They're trying to get a job. There's nothing wrong with a job, but I think that in many ways they're smarter than me. They were smarter than me. They had more intelligent than me. But they didn't hustle better than me. They didn't study better than me. They didn't get their put their head down more than me. They weren't more resilient than me. They weren't more consistent than me. I do the same thing over and over and over and over again. That is compounding. That's if you don't have inheritance in money, you should have inheritance as in hustle and hustle on. A hustle creates more hustle than that. Plus organization and paperwork creates a businessman or a businesswoman. Can I get an amen? You can make a difference in someone's life, including your own, with a job in home care. These jobs offer flexible schedules, health care, retirement options and free training. They also provide paid time off and opportunities for overtime. Visit oregonhomecarejobs.com to learn more and apply. That's oregonhomecarejobs.com.
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Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only iHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business? Think iHeart streaming radio and podcasting. Let us show you@iheartadvertising.com that's iheartadvertising.com.
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Jan Marsalek was a model of German corporate success. It seemed so damn simple for him. Also, it turned out a fraudster. Where does the money come from? That was something that I always was questioning myself. But what if I told you that was the least interesting thing about him? His secret office was less than 500 meters down the road. I often ask myself now, did I know the true Jan at all? Certain things in my life since then have gone terribly wrong. I don't know if they follow me to my home. It looks like the ingredients of a really grand spy story because this ties together the Cold War with the new one. Listen to Hot Agent of Chaos on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.
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I'm Hunter, host of Hunting for Answers on the Black Effect Podcast Network. Join me every weekday as I share bite sized stories of missing and murdered Black women and girls in America. There are several ways we can all do better at protecting black women. My contribution is shining a light on our missing sisters and amplifying their disregarded stories. Stories like Tameka Anderson. As she drove toward Galvez, she was in contact with several people talking on the phone as she made her way to what should have been a routine transaction. But Tameka never bought the car and she never returned home that day. One podcast, one mission. Save our Girls. Join the search as we explore the chilling cases of missing and murdered Black women and girls. Listen to Hunting for Answers every weekday on the Black Effect Podcast Network, iHeartRadio app, Apple Podcasts or wherever you get your podcast.
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Bravado is buying liabilities to impress. Real confidence is building assets to sustain. Good debt is tied to something that could rise in asset value. Bad debt is tied to financing something that decreases in asset value. Like financing jewelry or whatever. Or at least for a Lamborghini you can't afford or whatever. The substance of confidence, real confidence is competence plus consistency plus humility. I would add also self esteem, true self esteem. If I don't like me, I'm not going to like you. If I don't feel good about me, I'm not going to feel good about you. If I don't love me, I can't love you. If I don't respect me, I'm a clue how to respect you. If I don't have a purpose in my life, I'll make your life a living hell. Whatever goes around comes around. So you can have, you can have high confidence and still have low self esteem. And if you have low self esteem, you're gonna make the wrong choices. In fact, you're gonna start making emotional decisions and I guarantee you that every emotional decision is going to be a bad one. See you getting a real. Everybody listening to this podcast is getting the benefits of the frustration that someone delivered to my digital door this week. So please take it all in. I'm giving you crib notes, shorthand for success, so you walk right around the stuff that just does not work. I'm telling you this stuff will not work. I'm banking my whole net worth and reputation on it. If I'm wrong, don't listen to me another day, right? But success is pretty obvious and so is failure. Wisdom equals time plus scars plus reflection, rainbows after storms. How could you possibly have wisdom at 25 years of age? You have intelligence, but you don't have the experiences. I was homeless at 18, that didn't mean I had wisdom by 25. See what I'm saying? I had a hustle, I had hard work, I had, I was smart, but I didn't have. I mean the stuff that I know now, oh my God. The people who I spent time trying to impress, who I now upon reflection, I didn't want to be like, oh my God. I just wish I could go back and tell my 18 year old self, my 25 year old self, my 30 year old self to knock it off. Stop trying to impress somebody. You don't want to be like, here's the financial layer, here's. I want to make smart sexy. Here's sexy. A 700 credit score, that's quiet confidence, it open doors. A savings cushion, that's peace of mind. It's not a flex investing monthly, that's discipline, that builds freedom. And I mean you can invest, you can, you can invest 25 in a, in a fractional investment account doesn't have to be big dollars. You can save 50 to 100 bucks, right? And I just told you, you do that repeatedly compounding, you know you'll be a millionaire by time you're age for retirement. Confidence is when your bank statement speaks louder than your Instagram. Hello, can I get an amen? The trap for millennials. This is why this generation is vulnerable. I've already said you're brilliant, but this is why you're vulnerable. Social media pressure to be big by 30. Just forget about it. Knock it off. You'll be, you'll live to 90 or 100 years of age if you take care of yourself. This is a. This is a rounding error. You know, 30 is just the first leg of the marathon and you should be trying to get bases and butts and not a home run. Hank Aaron had the record for the most home runs, but he also had the record for the most strikeouts. So did my friend Reggie Jackson. I knew Hank Aaron and Reggie Jackson. Reggie's still with us and is a great businessman. And believe me, he'd be saying amen on all I'm talking about, about what really sustains the work. I mean, my man Alex Rodriguez would say the same thing. He had a bunch of strikeouts. But people only focus on the home runs. The flashy part, student debt plus rising living costs, is a vulnerability, even though I think student loan debt, if you get your degree, could be an asset. So I'm not hating on that, but I'm just saying these are vulnerabilities that I didn't have in my generation growing up. Confusing intelligence, smart ideas with wisdom, proven decisions. Please write that down. Go back and listen to this part again with somebody you love. Here's some stats for you. Average first time millionaire, age 57. That's a sustainable millionaire. Anybody can make money for a minute. You can make it three, four, five years later, it's gone. 70% of all professional athletes bankrupt in five years. 70% of all those who win the lottery. As far as far as I'm concerned, if you're doing crypto trading or you're doing. I have no problem with crypto. I'm just saying this is literally true. Because most cryptocurrencies failed, by the way. But if you're a future, you're an options futures trader, you're a day trader, whatever. You're trying to make quick money. However you're trying to. However you're trying to do it right, you just want it. Now, the chance of you being bankrupt or broke in five to 10 years is about 70% because you don't have the discipline and because there is no. If you find a free lunch, it's probably stale again. Success only becomes before the work. Work because it's alpha, because in the dictionary, because it's alphabetical. Every place else is just the work. And it takes 20 years to change a culture, including your own, to build a culture. That's Quincy Jones quote, right? But most folks don't want to wait 20 years. They want it in two years. Well, you can get something in two years, but it may not be sustainable. You may re rearra the deck chairs and the Titanic, but it's blinging, singing and people are telling you what you want to hear and you think that what you're doing right now is going to last. Don't believe what I'm saying. Investigate it for yourself. First generation makes it, second generation spins it, third generation loses it. Because the second generation didn't learn the lessons of the second. And the third generation just thought it was gonna last forever. And if you made the money and you didn't have hurt or pain tied to it, you think that it's here forever, that you don't have to work hard for it. And you give it away easy. I'm not giving away $10,000. I know what 10 I'm not giving away $2,000. And I can afford both easily. I'm not giving away a dime, right? I used to pick up a dime if I see it on the ground. By the way, when I ran a business, multi, multi. The business I sold for $120 million. Actually my partners had wired me in this example. I don't want to say exactly how much, but it was tens of millions of dollars. Do you know they never asked me for a financial statement or an audit. I did one anyway and gave it to them. But they just knew I wasn't going to go rent a limousine. They knew I wasn't going to go do five star hotels with penthouse suites with their money. They knew I wasn't going to rent a jet or lease a jet or do net jets or trying to plot. They knew I was flying at most business class but it but really I'd fly coach and get upgraded. They knew I was going to treat their money like it was mine. With humility. The average millionaire, first time millionaire, 57 years of age. Most overnight successes took 10 to 15 years of grinding to get there. And every legitimate millionaire, a real one, has real estate, boring real estate in their portfolio. The path to real success. Keys to move from bravado to true confidence. Hard work. Show up every day it's not in late, long lunch. Leave early, show up early, stay late and forget a break. Resilience, fail, learn, keep moving. Rinse and repeat wisdom. Learn from mentors mistakes and time, purpose, anchor in something bigger than your ego. I cannot stress that enough. Folks I see coming with me with ego and all that drama, I can't. I would never invest in them. I wouldn't tell them. I don't want to fight. I don't want an argument. I just keep it moving. Fine. That works for you. You think that works for you? Great. There are nobody. The biggest, the most successful people. I don't mean the loudest people. I'm not people who are rocking a mic. I'm talking about folks who own the mic. The folks who own the stage, the folks who own the venues, the folks who own the licensing rights, the publishing rights, the folks who own the hotels. You have. There's a family that owned the Four Seasons Hotel on Doheny. I know the family. The Four Seasons of Dony in Los Angeles. I know. I've known the family for 30 years. Now. You will not know their name, even though you know the names of everybody coming through their doors because they're celebrities. But the celebrities just are renting a room. This guy owns the room. You have no idea who he is. That's gangster, right? Wealth, true wealth, is quiet or it's not intentionally loud. Financial layers start automatic savings. Confidence in knowing you've, knowing you've. You're covered, right? Invest 200, 300amonth early. The boring millionaire play. I just told you'll be a millionaire by age 65. Do that. 200amonth. Build credit to prime 700 credit score. Because that's truly gangster. The computer just says yes at midnight to whatever it is reasonable you ask for. Own something. A stock, a home, a small business, something sustainable, something real, something foundational, something I'd want to buy. I learned to stop chasing the appearance of success and start building the infrastructure of success. What I'm doing now is building economic plumbing for an entire group of people. Everybody who's struggling. That's why I have 1500 offices. 1500 offices in 42 states. Nobody has infrastructure like that. Serving our. Serving the people who are trying to come up. No one. Right. I've done that by grinding, by working, by having my head down. That's a $75 million a year plus budget. That's just one organization, not the other four divisions that I have through John O' Brien Enterprises. And my wife will tell you all I do is work and I love it. It's not work for me. I enjoy it. But a lot of my friends who have the yachts and the this and the that, they'll tell me John here, they'll throw me the keys. You can hear. You can take my yacht or take my car because they don't have time to drive them. They don't have time to use it because they're, they're, they're all fulfilling commitments. A lot of my stuff sits in the garage. I love racing. Anybody knows me. I love driving race cars. If I can get there one day a month, two days a month, my God, that's a treat. But I do that after the work. After the work. At some point I'll be able to enjoy this much with much more time. But at the moment, I'm in the venue and capitalism is a gladiator sport. If I don't take the seat, somebody will take it from me. And if I'm not, keep continuing to learn. Somebody's going to clock me because they've been learning while I was out flossing, which is not going to happen to me, by the way. I may go out not going out that way. You want to be Netflix, not Blockbuster. You want to be Walmart, Amazon, not Sears or Macy's or not Macy's, I'm sorry, Sears are. Macy's is still with us and still thriving. Actually Sears are Kmart or JC Pennies, which is still hanging on, but just barely. But you get my Are we projecting or are we building? Here's my question to you. Are we investing? Are we spending? There's a difference. I think I'm investing my time. I might be wasting my time if people are not getting the memo. That's what frustrated me about the comments. I was taking my time to try to answer what I thought was an intelligent set of questions, having a truly robust discussion. And folks just want to say something they think is funny or cool. Which is. Which meant that that just wasted my entire time. It didn't offend me because not one of that, not none of that affects my self esteem or my belief in my or one ounce of my life. It just wasted my time. I want to encourage humility, mentorship and patience. Again, I follow my leaders, people who I have great relations. Today I follow them one year, two years, emails, occasional meetings. You know, two years, 10 years, right? I invested in them so they would invest, so they would see the investment back in me that was worthwhile. But I always made sure my signature was listening more than I talked. Here's a call to action for you. Audit your finances and audit your time and audit your environment. If you hang around nine broke people, you're going to be the tenth you hang around nine loud people, you're going to be the tenth you hang around my nine bolshevous people. Nine arrogant folks. We confuse confidence with arrogance because we don't see a lot of confidence. Confidence is not boastful. That's not confidence. That is arrogance. And arrogance is tied to insecurity. When you're confident, you're competent, there's no need to scream and holler. Your work speaks for yourself, for yourself and for what you're building. It speaks for. Your work is your brand. If your wealth is in your closet or your car, you're living bravado. You can't fake wisdom. Real folks will see you coming. You can't fake wealth. Build both the right way and if you have some money left over from your first budget, which is your living budget, and your second budget, which your investment budget and you got enough room in your third budget, which is your flossing and enjoyment budget. God bless you. Go lease that Ferrari or buy it. Go take on your vacation. Go, go. I have a nice watch. I've got. I've got nice things. Right, but, but make sure you're taking it from the right pocket and the right pool and don't be a fool. So this has been hopefully helpful to you. That mindset is more valuable than money. Mindset actually is wealth. That you can be educated, but that doesn't mean you have wisdom. You can win the battle, but you may not be winning the war. You may be stepping in mess and not stepping over it. If you do this wrong, somebody's going to tell you to let the doorknob hit you where the dog should have bit you. If you do this wrong, you may be stepping on the toe of somebody who's rear end. You've got a kiss a little later. If you do this wrong, you've made the cast, but you didn't build the wealth. If you do this wrong, you built, you burned the bridge that you got to cross over later. If you do this wrong, nobody's going to care when you find out that you're out of air. I want you to win. I want those you know to win. If you know somebody, this doesn't relate to you. Your mindset's right, tight and full of light. But you know somebody who needs to listen to this message, share this podcast with them, ask them to subscribe, because I'm this is my ministry of finance every week. No one else is going to talk to you like this. They don't want to hurt your feelings. They don't want you to turn away from them. I care about you enough to tell you the truth. And the truth is that I can't guarantee you that being positive is going to make you a success. But I absolutely guarantee you that being negative and rude and nasty and arrogant is going to make you fail. No one wants to be bothered with all that drama. No one wants to hear all of that. It sounds cool, but you look like a fool. Real Success Whispers this is John o'. Brien. This is Money and Wealth. This is the Black Effect Network on iHeartRadio. This has been another episode of season two in my growing library of success formulas for you. Let me know when you see me around what you want me to talk about, and I will make sure to put it in rotation for the information. This is John o' Brien investing in you. See you at the success table. I'll make sure I save a seat just for you. Money and wealth with John o' Brien is a production of the Black Effect Podcast Network. For more podcasts from the Black Effect Podcast network, visit the iHeartRadio app, Apple Podcasts, or wherever you listen to your favorite shows. I'm Dr. Scott Barry Kaufman, host of the Psychology Podcast. Here's a clip from an upcoming conversation about how to be a better you. When you think about emotion regulation, you're not going to choose an adaptive strategy which is more effortful to use unless you think there's a good outcome. Avoidance is easier. Ignoring is easier. Denial is easier. Complex problem solving takes effort. Listen to the Psychology podcast on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. The Super Secret Bestie Club Podcast.
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Season four is here and we're locked in. That means more juicy cheesement, terrible love advice, evil spells to cast on your ex.
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No, no, we're not doing that this season.
- [62:18]
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Oh, well, this season we're leveling up.
- [62:20]
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Each episode will feature a special bestie and you're not going to want to miss it. My name is Curly. And I'm Maya. Get in here. Listen to the Super Secret Bestie Club.
- [62:30]
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On the iHeartRadio app, Apple Podcasts, or.
- [62:33]
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Wherever you get your podcasts. I'm Marcus Grant. And I'm Michael F. Florio, and together we host the NFL NFL Fantasy Football Podcast. Ready to dominate your fantasy league this season? Then you need the NFL Fantasy Football Podcast, your ultimate source for player news, draft tips and winning strategies. Whether you're a rookie manager or a fantasy vet, we've got the insight to help you crush your opponents. Listen to the NFL Fantasy Football podcast on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
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Short on time, but big on true crime. On a recent episode of the podcast Hunting for Answers, I highlighted the story of 19 year old Lachey Dungey. But she never knocked on that door. She never made it inside, and that text message would be the last time anyone would ever hear from her. Listen to Hunting for Answers from the Black Effect Podcast Network on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This is an iHeart podcast.