Charles Payne: The Stock Market Made Simple | Planet Tyrus

Summary

Podcast Summary: Planet Tyrus – Charles Payne: The Stock Market Made Simple

Host: Tyrus (Outkick)
Guest: Charles Payne (Fox Business host, author)
Date: January 6, 2026

---

Main Theme

This episode of Planet Tyrus explores the stock market through the eyes of Fox Business host Charles Payne, making financial concepts accessible to everyday listeners. Tyrus (former pro wrestler and Fox News personality) invites Payne for a candid and humorous conversation about personal finance, investment basics, growing up with little financial literacy, the psychological barriers to investing, and how regular people can harness the power of the stock market. The episode mixes real-life stories, practical advice, and lessons learned from successes and failures.

---

Key Discussion Points & Insights

1. How Charles Payne Inspired Tyrus’ Investment Journey

• [00:52-05:59]

  • Tyrus reveals that Charles Payne made the stock market more approachable—contrary to what most people are taught.
  • Tyrus expresses that investing was always intimidating due to lack of education:

    “We don’t learn about it in school... You learn more about slot machines in Vegas than how the economy works in this country.” – Tyrus [00:32]

  • Payne’s guidance (including advice to take time, research, and view it as a long game) led Tyrus to build his portfolio with confidence.

• Actionable Advice:

  • “You’re not in a rush. Take your time, research stuff, and don’t jump in. This isn’t craps at Vegas. You want to play the long game, not the short game.” – Charles Payne (paraphrased by Tyrus) [02:27]

---

2. Breaking Psychological Barriers to Financial Success

• [06:00-10:30]
  • Tyrus discusses the mental hurdles, especially for those not raised with financial knowledge:

    “I was not educated in finance... Do you find that a lot with people who’ve had success in life but don’t know how to make money work for them?” – Tyrus [06:00]

  • Payne confirms many—even high earners—struggle to save and invest, mentioning touching testimonials from readers whose lives changed by taking control.

---

3. Demystifying Investing & Main Street Revolution

• [07:44-11:05]
  • Payne explains how Wall Street has made investing sound “mysterious,” reserved for “elites,” when in reality, ordinary people can and should participate:

    “Investing has always been deliberately made to be like mysterious. And it’s too hard... They want your money... But you can do it!” – Charles Payne [07:44]

  • Tyrus relates this to everyday spending:

    “You’re already investing in these companies’ success by buying their products—why not own a piece?” [08:41]

  • Payne notes the “Main Street investor revolution” since 2020, as regular people have become empowered and sometimes outperformed the pros.

---

4. Societal and Cultural Hurdles in Financial Education

• [15:21-26:31]
  • Tyrus and Payne discuss internalized ideas in Black communities and other underserved groups, where being “smart” or “well spoken” was sometimes equated with being “white,” a mindset that can become self-limiting.
  • Both describe formative experiences and how breaking out of those boxes helped them; Payne credits his mom’s support and teachers for nurturing his curiosity and confidence.

    “A thirst for knowledge wasn’t being white. Getting As wasn’t being white. Speaking proper English wasn’t being white.” – Charles Payne [24:54]

---

5. The Value of Humble Beginnings and Grit

• [16:33-29:15]
  • Payne recounts growing up comfortably on military bases, followed by abject poverty in Harlem, NY, and how this instilled his drive to help his mother by hustling, and eventually leading to a fascination with Wall Street at 13—stealing his first Wall Street Journal, and buying his first mutual fund at 17.
  • Notable moment:

    “I called my father and said, 'Daddy, I’m going to work on Wall Street.' He said, ‘Man, I saw it on TV. A bunch of white guys throwing paper—there ain’t no brothers down there.’” – Charles Payne [20:57]

---

6. Career Trajectory, Success, and Lessons from Failure

• [31:23-42:33]

  • Charles details how he broke into Wall Street without a degree, grinding at EF Hutton, learning from mentors, and eventually founding his own company.
  • He candidly describes being “on paper worth $275 million” before the market crash reduced it to zero—an ego check and a gift in disguise.

    “My biggest failure—that was the fertilizer for my success. I realized God had done me a favor. My man, you’re losing the thread; you’re not who your mother raised.” – Charles Payne [41:28]

• Memorable Moment:

  • The “study montage”: Payne cramming for his broker exam, passing against the odds, and singing Stevie Wonder’s “Overjoyed” all the way to the office. [32:33]

---

7. Practical Investing Philosophy & Long-Term Wealth

• [50:23-56:43]
  • Payne stresses that the stock market is the “greatest money-making machine in history” and warns against short-term thinking.

    “The stock market is the greatest money-making machine in history... Almost every stock I’ve ever sold, I wish I didn’t later.” – Charles Payne [50:26]

  • His next book, Undeniable Windfalls, is mentioned, focusing on analyzing companies, ignoring short-term overreactions, and riding the long-term advantages of the Fourth Industrial Revolution (e.g., AI, robotics).

---

8. Real-World Tips for Beginners

• [53:31-57:59]
  • Tyrus uses Payne’s advice to invest only in companies/products he understands or uses (“invest in what’s around you”), avoid jumping on trends, and stay unemotional in the ups and downs:

    “I have not sold one [stock]... Your advice was to research everything, take your time—it's a lot like playing chess...” – Tyrus [52:49]

  • Payne adds personal examples (e.g., Iron Mountain, Palantir) and debunks the fear of “losing everything” as long as the underlying business is solid.

    “Do you think Target will be around after you’re gone? Then you’re not going to lose all your money.” – Charles Payne [57:59]

---

9. Automation, AI, and the Future of Jobs & Investing

• [61:13-64:15]

  • Tyrus probes about automation’s impact on society and the market. Payne, a “natural born Luddite,” describes how every industrial revolution brings a “transitional gulf,” but ultimately more jobs and wealth.

    “Every industrial revolution, when it was over, created more jobs, better paying jobs, and better life for everyone... but there’s a big transitional gulf.” – Charles Payne [62:11]

  • Both acknowledge uncertainties about transitioning workers into the future economy and the potential for new social challenges.

---

10. Cultural Notes: Appearance, Status & Wealth Perceptions

• [36:07-39:45]

  • They poke fun at how cultural pressures (e.g., flaunting wealth, buying chains, suits, or luxury cars before assets) compete with the quieter, more sustainable “chain” of growing an investment portfolio.

    “My chain is growing quietly and slowly—it’s a much better chain.” – Tyrus [54:22]

• Payne’s penchant for sharp suits is traced to watching his army dad’s pressed uniforms and Harlem’s street fashion, a style fusion he proudly claims. [67:53]

---

11. Teaching the Next Generation & Everyday Opportunities

• [69:38-70:50]

  • Tyrus and Payne discuss encouraging kids to research and pitch stocks for investment as a learning tool.

    “Educate yourself... Pick a company, bring it to me, and I’ll invest. But you have to sell it to me.” – Tyrus [69:52]

  • Payne emphasizes “look what’s around your world, invest in it,” using consumer brands, shopping habits, and everyday experience to find opportunities.

---

Notable Quotes & Memorable Moments

• On starting small but starting:

  “You invested $7 last year. You are a rocket star.” – Charles Payne [04:31]

• On finances and cultural expectations:

  “It’s a curse when you crack that six figure line... it’s hard to keep up with the Joneses, and you sometimes have less money to invest.” – Payne [10:30]

• On learning and persistence:

  “Powerful people love to talk about their success…Retain what they told you. Next time, they’ll build on it.” – Payne [31:29]

• On avoiding investing mistakes:

  “Don’t be emotional. Don’t react to every drop. Companies like Apple, Microsoft—if you’d just held on…” – Payne [50:26-61:13 summary]

• On economic empowerment:

  “There’s no such thing as trickle-down economics. It’s all trickle up.” – Payne [14:10]

---

Helpful Timestamps for Important Segments

• 00:32 – Tyrus on lack of financial education in schools
• 02:27 – Charles’ starter advice for new investors
• 11:04 – The “curse” of making six figures: spending pressures
• 20:57 – Charles’ father doubts he could break into Wall Street
• 32:33 – Passing broker test, “Overjoyed” moment
• 41:28 – Losing $275M on paper, lessons in humility
• 50:23 – Stock market as an “undeniable” tool for generational wealth
• 61:13 – AI, robotics, and future job market transformations
• 67:53 – The origin of Charles’ iconic suit style
• 69:41 – Teaching kids to research and pitch investments

---

Overall Tone & Style

• Warm, humorous, and disarmingly honest.
• Both Tyrus and Payne use relatable stories (from Harlem to the boardroom), provide practical tips, and maintain a conversation that’s high-energy but real.
• Financial advice is delivered with no jargon, always tied to life experience and accessible metaphors. The episode is at once motivational, educational, and entertaining.

---

For New Listeners

• No prior knowledge of finance is needed; the episode breaks concepts down naturally.
• The biggest takeaways:
  1. Anyone can invest and benefit from learning the basics.
  2. Long-term thinking, curiosity, and persistence matter more than initial capital or background.
  3. Use what you know (“what’s around you”) to start; don’t chase fast moves.

---

Recommended Next Steps:

1. Read Charles Payne’s book for accessible investing advice.
2. Pick a company or product you love and research its stock.
3. Remember: don’t let cultural expectations or intimidation keep you from building wealth!

---

Transcript

[Charles Payne]

Foreign.

[Tyrus]

Mr. Payne, and do not correct me. I've been a big fan for a long time. And I've been. I. I crack up. The other day, someone reminded me that I've been in this building for almost 10 years now.

[Charles Payne]

Wow.

[Tyrus]

And that's. And that's crazy. But I always think of one of the. When I first got here, one of the guys that was just so welcoming. Welcoming and hello. And you need anything. And that was you from. From day one, man. So I really, really appreciate that.

[Charles Payne]

Thanks a lot.

[Tyrus]

Thank you. And you expose me to something that. And I don't even. It's not even a racial thing. It's just the stock market. We just, for whatever reason, we don't learn about it in school, where you with. You learn more about slot machines in Vegas than you learn how the economy works in this country.

[Charles Payne]

Right.

[Tyrus]

And one of the things that you always watch. When I watch your show and stuff, I try to get money tips, but I've never been able to really get into stocks and understanding bonds and EFTs and all that stuff. And then finally, I was able to corner you. You had your new book coming out, and I got the book, and I was reading through it, and I was like, man, I have a lot of questions. If only I knew the author. So I would be in my. Cause I'd be afraid. It's like, I. I don't. I don't necessarily have, like, one addiction that I worry about, but impulsivity, like, impulsively doing stuff right? So I always be like, oh, you know, I don't want to invest in the stock market because it could be, like, throwing money away. Right. But when you look at it, there's no difference than when you impulse buy at Target. You're buying a good that you're not going to get anything out of anyways. So I, like, educated myself. Every time I see you, I bugged you. I even got a chance to meet Evander Holyfield when he was on your show, and I felt bad because, like, as much as I love Evander Holyfield, he's my. One of my favorite boxers of all time. I had a question about stocks. It just wasn't the appropriate time because you're not an easy guy to track down.

[Charles Payne]

I'm running. I'm always running.

[Tyrus]

That's why you have track shoes on with the suit. We're going to get into the suit game because once again, it's strong and we. I mean, we couldn't have planned this better. I'm in, like, a couple of Grapes here. I'm green and you're purple. So. So I finally got a chance before you came on the Gutfeld show, that we got a little bit of chance to talk for about 20, 25 minutes. And you really. I asked a couple questions about finding the right stock, researching the right stock, and you had some of the best advice.

[Charles Payne]

You.

[Tyrus]

First of all, you're not in a rush. Take your time, research stuff, and. And just kind of get a feel for it and don't jump in. Don't go crazy. This isn't. This isn't craps at Vegas.

[Charles Payne]

Right? Right.

[Tyrus]

You want to play the long game, not the short game.

[Charles Payne]

And.

[Tyrus]

And so those things really helped. And then you. And I said, could you give me a tip? Would you? Anything that you're interested in, you say, well, actually, I'm kind of. I'm quite interested in Rocket Labs right now. I went home, I made my portfolio with my Chase account, doing it all myself.

[Charles Payne]

Right.

[Tyrus]

And two things at that time, I think we were on the show, we were talking about Tesla, and everyone was trying to burn Teslas and attacking Teslas. And you're like, yeah, the stock's taking a hit. Might be a good time to get in. And so I. Then my theory became, I watched your show, then I'd go to look to see what woke was attacking, and then I would invest in it. So before I just. This is my report going on again. It's. It's. It's humble, but I am so excited to show this to you because I. I know you travel the world and you. You help people understand investments and understand how to make their money work. But I don't. I don't always know if you get to see. People get to come up to you, like, hey, man, you change. I'm sure you get a lot of that. A lot.

[Charles Payne]

Yeah.

[Tyrus]

Yeah. Well, you're about to get it again. Because I never was good at saving money, and because it was just if it sat there, for some reason, I was afraid something was going to happen to it. So I got to spend it.

[Charles Payne]

Right.

[Tyrus]

You got to move because you can't just leave it in there.

[Charles Payne]

Right. You don't want to.

[Tyrus]

Somebody might get it.

[Charles Payne]

Yeah. Inflation.

[Tyrus]

Yes. So I want to show this to you and get your opinion again. It's nothing like. And I keep bringing it up because I feel silly, because this is like going up to an artist like Van Gogh. Be like, hey, I'd like to show you my watercolors painting. If I could get a couple. If I could get a Couple tips and you're like, yeah, that's Great. You invested $7 last year. You are a rocket star. Here we go.

[Charles Payne]

Let me in. All right.

[Tyrus]

Oh, you are a good luck charm, man. Oh, man, look at that. Now listen, I. I started playing with about, wow, $50,000, as I put. Pulled my expenses. This is money that I can separate from the wife won't miss.

[Charles Payne]

Wow.

[Tyrus]

You know, so I can just invest. And I was so stoked because I was up $41,000 in investments. But I just want to say, like, the time and energy that I am taking to look. To look stocks over.

[Charles Payne]

Right.

[Tyrus]

To study them.

[Charles Payne]

Right.

[Tyrus]

And then I have your book. Almost like it's. It's like having an Encyclopedia Britannica. I go strict to the chapter etf. So let me see. Oh, you know what? Charles would support this.

[Charles Payne]

But, like, wow, congratulations. But no, no, that's a huge percentage gain, man.

[Tyrus]

But look at that. My top. And again, Tesla was in trouble. I listen to you talk about right. And I just pick stuff.

[Charles Payne]

Right.

[Tyrus]

I don't go crazy with it. And like, your advice was killing it marathon. Just leave it alone.

[Charles Payne]

Yeah.

[Tyrus]

That is the only thing keeping me sane as a horse, dad. And traveling for work is my little bit right there. Because if. If that's enough for me to survive a year, like my fan, like, if something goes wrong, to serve, you can survive.

[Charles Payne]

Right?

[Tyrus]

Pay bills while you figure it out. Hopefully Newsmax gets their money. Whatever my situation, whatever my sit. But I just. I just want to thank you.

[Charles Payne]

Love it, man.

[Tyrus]

Because I love it.

[Charles Payne]

That's a nice portfolio.

[Tyrus]

And again, it was. And I'm an educated man, but I was not educated in finance. Do you find that a lot when you meet. Especially men who are kind of in the. They've reached their goals in terms of their profession, but they just don't have that egg. A lot.

[Charles Payne]

A lot. You know, every quarter I do a town hall. And the last year, so I've been.

[Tyrus]

Those are hard to get tickets to. I just want to let you know. Thanks.

[Charles Payne]

And the last year or so, I've been doing testimonials. So my book publisher, they sent out like an email, like, you know, anyone want a testimonial? And I think we got like 6 or 700 and Tyrus. When you read these things, you'll cry. I mean, I have goosebumps now. It's so humbling. And, you know, retired school teacher. I owned a business.

[Tyrus]

Yes.

[Charles Payne]

But I was a construction guy. You know, I owned a bricklaying company. You know, I Had money, business was slow. Really. Covid changed a lot. I'm going to tell you, Covid was so amazing in the sense that people never wanted to feel hopeless again.

[Tyrus]

Yes.

[Charles Payne]

If you remember that time we ran out of preservative jars, people were trying to preserve their own food.

[Tyrus]

Yes.

[Charles Payne]

People wanted to know how to fix a car engineering. Like, they never wanted to ever feel hopeless again. And even people who had brokers said, I want to read your, said I want to read your book. Because, you know, I didn't necessarily feel like my broker necessarily knew. You know, their job is to accumulate money assets under management, you know, and people wanted to start to know and that. And it's been just, it's very, very humbling. It's very humbling. It's a lot of pressure. But I love it because to your first point, you made. Investing has always been deliberately made to be like mysterious.

[Tyrus]

Yes.

[Charles Payne]

And it's too hard. It's over your head, you know, and it's not for everyone. And then if you want to, then if it's over, if they do want you to invest and they want your money.

[Tyrus]

Yes.

[Charles Payne]

All right. But you can do it. And I, you know, I remember, you know, talk about 10 years ago, I used to get on an elevator here when Michael Kors was the hot stock and all. And back in the day, I don't know if you remember, they had these big watches and all the women were wearing the Michael Kors watches.

[Tyrus]

Watches and purses. Yes.

[Charles Payne]

Right. So I would get on the elevator and say, oh man, it's nice watch. Yeah, I love it. Yada, yada, yada. And like, and they tell me the story and they told their friends about it. I said, do you own any of the stock? No one ever said no.

[Tyrus]

No one.

[Charles Payne]

And so I say, I would say to them, well, okay, so you've taken your hard earned money and you, you bought the product and you told your friends and family about it. So you spend your hard earned money. You're an unpaid spokesperson for the company. Have you ever considered being part owner of the company? Because that's what it is.

[Tyrus]

Right.

[Charles Payne]

And so, you know, and happens over and over and over and over. But now I'm telling you what I'm seeing in society. There's a retail, I call it Main street investor revolution. And it began in 2020. And let me tell you, Wall street laughed at him, the financial media laughed at him and said, you guys are dumb. Meme stocks. Well, guess what? They are winning. They are winning. Main street folks have learned to, hey, there's so much information out there. I'm not going to be intimidated. Even if I am, I'm going to go, right?

[Tyrus]

Yeah. No, because it is when you click on it and you look at the stuff you trying to figure out what's what, what's this, that or whatever. And in your book it just breaks it down step by step and it's tedious and it's not sexy.

[Charles Payne]

Right.

[Tyrus]

You know, you don't. Maybe if you incorporated a love novel in between. Like somehow the stock market was that lone woman was Rapunzel and you had to get, you know, like it's not, it's not, it's not like you're not turning each page wondering what's going to happen. But I'm looking at each page like I've got to figure this out. But it's a nice to go. And I'm, and again, I'm not plugging your book. I'm just telling you it's changed my, my life because I had a lot of sleepless nights because it seems, and we both come from humble beginnings and that's being polite. When you continue to move up or climb the mountain and the checks get bigger. Right. The savings doesn't. Right. Because you, it seems like the more you grow, the more hands are here and there, everything costs more. And you can easily be in a position to where let's say you're making, you know, a good high six figures a year. And at the end of the year, you don't have a pot to pick. Like you're, you're looking at your bank account going, what the hell happened this year?

[Charles Payne]

You know, one thing I've always said to people is it's a curse when you crack that six figure line. If you, especially if you have a family because you're doing well, everyone knows you're doing well and they want so much from you and your kids want the lifestyle of other kids that you may move to a school, put them in a private school that already is stretching your budget. But then the kids they go to school with, they get this, they got that, they get this and they, that why can't we have this? It's so much more pressure once you crack that six figure area. And to your point, you know, it's hard to keep up with the Joneses. And by the time you finish, you sometimes have less money than more money to invest.

[Tyrus]

Exactly.

[Charles Payne]

You know, but you know, for me it's, it was just a life. I stumbled into this.

[Tyrus]

Right? Let's. I got I was so excited that I wanted to show you whether you wanted a pupil or not, you got another one.

[Charles Payne]

I appreciate.

[Tyrus]

And. And it was like life changing in the fact that I have a better understanding of how my money works. I have a bigger sense of pride because. And for example, like my method, which I came up with is I've combined your knowledge and then I go with woke attacking. So when I see it like Cracker Barrel, when that shit went down with Cracker Barrel, I was buying everything.

[Charles Payne]

You know what was good this week is American Eagle.

[Tyrus]

Yeah. Oh, I was all over it.

[Charles Payne]

Yeah. The stock exploded that this. Earnings. Earnings were huge. The stock is up huge. Since they hated it. You know, ironically, it's the other way, too. All the WOKE companies, right, Starbucks, Nike, you know, these names that just. They just can't give up. It's the old commercial I've fallen in and can't get up. You know, they. They have died on the vine. And there's something to it because it's just. It's one thing is like to attack politically, right and against versus economics. They're two different things. Right. But I just think that they've missed the boat on a lot of things. And these mold companies have paid a heavy price for it. And the companies that are trying to truly change lives, you know, Palantir is a company, for instance, where the CEO.

[Tyrus]

Hey, hey, write that down. No, don't thumb me up. I need to see a piece of paper. You heard what he said. One more time.

[Charles Payne]

Palantir, Palantir.

[Tyrus]

Write it down.

[Charles Payne]

So that's a company where you've got like a CEO who's really very, very. You know, it's a woke. They hate them on the left and you know, for a variety of reasons. But what they're doing is revolutionary. The stock has had a huge run, but I think it's going to continue. But, you know, it's just. For me, it's like everyone should be invested in the stock market. Because when people walk up to me in the street and they say, man, I watch your show. I like you a lot, but I'm not in the market, first thing I do is I look at them. All right, you got a hat and it says cat on it, right? Where'd you get that? Well, my granddaddy gave it to me. All right, Caterpillar. You guys have Caterpillar? Yeah, we grew up on a farm. We always had a caterpillar. You ever own a stock? Now, all right, let's look at where it might be. If you just put 1000 bucks into it the first time when you got that hat, you know. But the point is, when we open our eyes, we're in the stock market. We're laying on the bed of a company that's publicly traded. We hit an alarm clock of a company that's publicly traded. We wash up with soap. Publicly traded, we get in the car or a bus. And my point is, we have to stop being on the one side that fuels the wealth of everyone. Because there's no such thing as trickle down economics. It's all trickle up. Remember the old Black Fridays before the Internet?

[Tyrus]

Yes.

[Charles Payne]

They used to trample the security guard. They would kill security guards. People would be in a rush to give the wealthiest people in the world more money. Right. So it's all trickle up.

[Tyrus]

Standing in line for four days and four nights for a toaster oven and a TV set.

[Charles Payne]

It's all trickle up. It's all trickle up. And we have to write as citizens. We need to understand that. We deserve that. But you have to stop denying yourself that. Like ultimately it's up to us because they're not going to teach you. They want your money. They want you to give it to a broker and they'll, and they'll manage it for you. And they, by the way, they always tell you to expect, you know, pedestrian gains, 7% a year. Be smart, be diversified. And when they tell you these things, essentially what they're saying is we want more money.

[Tyrus]

Right.

[Charles Payne]

So, so now that you bought the best semiconductor stock, well, you want diversification. Now we want you to buy the worst semiconductor stock. Now that you bought the hottest industry, we, we want more of your money. Find the worst industry. We call it diversification. No, what you really call it is running up the fees.

[Tyrus]

Yeah. And then you end up in with a Joe Pesi moment like you put my money to sleep, go get it. And when you wake up from your coma, I'll crack you in head again because I'm stupid like that. Give me back my money.

[Charles Payne]

By the time I get back out.

[Tyrus]

You'Ll just be coming around. And guess what? I'm going to crack you in the skull again because. Because I want my money.

[Charles Payne]

Yeah.

[Tyrus]

You know, you, you're a brilliant man and, and how did this happen? Because, and I, I hate to, you know, because I get the same thing. Like, oh brother, what you doing? Fox News? Or brother, what you doing? This, that, whatever you have, you, when you think about, I mean, maybe you can make an argument of the guy, I don't watch him very Often on msnbc, who has all the bells and whistles?

[Charles Payne]

Oh, cnbc. Yeah, yeah.

[Tyrus]

When he yells it, when he yells the stocks and stuff, it's cool, it's clever, but. But I never really connected. For me, it was a little bit of, I can honestly say, and I don't have a problem with this. It was also a little bit more inspiring to me. Seeing that a brother is right is not only. Not only understanding this, he is on the forefront of leadership in terms of when you look at this country on television, who you look for economic advice, you're one of those guys. You're in a short list of guys. And when you talk to people, I've never heard everyone catches hell here at Fox for one reason or the other. But I can look and none of my travels have anyone be like, man, that's some bitch Charles Peng. You know what he did? He gave me some good tips and.

[Charles Payne]

I changed my life around.

[Tyrus]

I hate that brother, you know, but like, how did you get into the stock market?

[Charles Payne]

So I grew up, two childhoods. My first childhood, my father was in the army, right. It was beautiful, these army bases, man, around the world, you know. You know, we lived in. I was born in New York, we lived in Pittsburgh, then San Antonio, then Germany, back to Pittsburgh, then Japan, Texas, Alabama, North Carolina, Virginia, and you know, it was just an amazing life. It was a bubble. It was a bubble. 60s and early 70s, all the hysteria, all the things that were going on Main street, the protest, you know, we missed all of it. You know, my first best friend was a white guy. My first, maybe my first girlfriend was white. But it didn't matter.

[Tyrus]

It doesn't really matter. I grew up in California. Nobody dates who they were.

[Charles Payne]

Right, Right. But I'm saying we were in this bubble.

[Tyrus]

Yes.

[Charles Payne]

And it was also, it was a social economic bubble. Right? So we go outside, we get on our bikes, we ride our bikes all day long, play, come in the house, make a peanut butter and jelly sandwich, go back out. Then one day I came home from school and my mom said, we're leaving. So me, my mom and my two younger brothers, we left Fort Lee, Virginia. Two story house. I had my own room. My brother shared a room, but it was huge. We had a guest room den, the Brady Bunch staircase. I mean, it was just a wonderful, wonderful life. And we left my father with no money. We got on a bus, we were there to Harlem. This in the early 70s when Harlem was like still the poorest, most dangerous area in America. And all four of us lived in a Room. And I gotta tell you, it was beyond culture shock. Now, there was some beautiful things, like getting there, the first ride on the train, Right. Walking out the train, my man. And the. And the energy, you know, and the music, right? Music coming out of windows, music coming out of cars, music coming out of boomboxes, right? And I'm hearing, like, Harold Melvin in the Blue Notes like you never heard. Yeah. Like, you know, I mean, I was, Listen, I, I, you know, I love the stuff I was listening to, right? You know, like, Philadelphia, Freedom was cool. But when I heard Harold Melvin in the Blue Notes, like, so the energy, first. First day walking down the street, these girls double dutching. So that was the positive part, right? The energy was in the. And the creativity was amazing. But the hard part was the violence and the poverty. Violence. Like, you just can't imagine they see it. Now you see a lot of stuff on videos, and people are, like, shocked.

[Tyrus]

It wasn't camera phones back then.

[Charles Payne]

Right, Right. But people are shocked. That happens. Yeah. In my school in Harlem, there was at least three fights a day. Minimum, Minimum. And I'm talking fights to the death over anything. It was a fight to the death. My biggest fight, I had to fight with a guy for almost an hour. We covered three blocks. Like, I don't know what the hell happened. And so anyway, I'm the oldest, and we are poor, Remember? We traveled all over the world. Every time we moved into a new house, it was freshly painted. You went to take a shower. The thing that said H had hot water, things that C had cold, we had no hot water. First winter in New York. Wow. No hot water. So now I'm like, I never thought about money a single day in my life. I said, I got to do something to help my mom. And I hustled. You know, I got the paper towels and the Windex. I used to clean windows, the stoplights, shovel snow. I got a job at a bodega. And then eventually, like anybody, I equated money with Wall Street. And so I would start. I started getting the Wall Street Journal.

[Tyrus]

How old were you when you got the Wall Street Journal?

[Charles Payne]

Thirteen.

[Tyrus]

Thirteen?

[Charles Payne]

Yeah. I stole it. I had to steal it, but it wasn't hard. Yeah, because, you know, you go to the. You go to the newsstand. Back in the day, this part had the candy. Now, when I walked over there, it's like 12 people. What's up? What do you need? What do you want?

[Tyrus]

They gonna watch that candy.

[Charles Payne]

As I strolled away, no one thought I wanted to go.

[Tyrus]

My brother was still in the Wall Street Journal. I gotta be honest with you. I'm telling you, I'll be sitting right there in that booth like, don't worry about the Wall Street Journal or Home and Gardens.

[Charles Payne]

So getting the Journal was easy, right? Learning how to read it was hard.

[Tyrus]

Yeah.

[Charles Payne]

Because it was. It was. Back then, it was just mostly like it was a business public. Now they have all these kind of articles in there and make it easy to read, you know, more mainstream. But this was just lines.

[Tyrus]

It was just facts.

[Charles Payne]

Just lines and numbers. Lines and numbers. So it's like, oh, my God. So I would get them, I would compare them. You know, it's like. So it took me a while, but then I started kind of picking up on it, you know. And finally I was. I started reading that. I would start reading some articles. And then when I was 14, I said, I'm going to work on Wall Street. So, you know, I called up my father, I said, daddy, I'm going to work on Wall Street. He said. He said, man, I saw it on tv. A bunch of white guys throwing paper in. There ain't no brothers down there.

[Tyrus]

Yeah.

[Charles Payne]

So the only person who believed in me was my mom. I kept hustling. I bought my first mutual fund when I was 17. She had to co sign because I was too young.

[Tyrus]

How it takes a tremendous amount of. Not just perseverance to intellect, conviction to pick to go after something that there's probably nobody in your radar, friends, peers, with the exception of mother, who are like, yeah, that's a good. Because it's a fear. That's not for us. Right. You know, and we. But who. No one ever told us that. We just assumed that the biggest thing is just is. Is you start building your own box.

[Charles Payne]

Yeah.

[Tyrus]

You know, and then when you have someone who's stepping out the box and get. Because you're. It could have very easily been. You could be using those numbers to think how many bags of heroin you can cut up or you. The smack you could sell. Because it was there. Unfortunately, it was there. I think it was more. It was worse in the east coast because everybody was in these small. These little towns. California, where I grew up, it was spread out. We had a drug problem too. But you kind of could get. Neighborhoods could kind of get away from it a little bit because you weren't on top of each other as much in certain areas. And when you're in New York, it's like the Stoops, everybody's. I mean, it's just like you said, the energy, music you're encompassed, you see everything. Within a few weeks, you got to lay out of the land, you know, who's doing this, who's doing that. And a smart kid who is motivated to buy mom her first the sports car in the home easily could be caught up on that short road. I myself, my buddies, be like, hey, we could drive trucks for this guy to Atlanta and he'll pay us ten grand, you know, and like, you don't need a driver's license. Just, you know, if you get caught, you just take the rap. How did you marry? Did you navigate? Because it had to be, because you're a smart kid, you're going to stand out.

[Charles Payne]

You know what helped me a lot, because we got beat up a lot when we first, first moved there. We sounded like white kids. We wore the wrong clothes. And, and, you know, I, I. One of the first things that, that, that, that shocked me was associating good and smart with white.

[Tyrus]

Yes.

[Charles Payne]

And that, to this day, hurts me.

[Tyrus]

I used to hate hearing he. He's so well spoken, right?

[Charles Payne]

Or, or like, you know, you're in school and I, you know, social studies, my favorite topic. We, you know, take the test to get 100, and the kids, the other kids are saying, oh, you white? What does white have to do? Trying to, you know, I love the subject, you know, so I was lucky enough to have grown up enough outside of Harlem that I already like, you know, my third grade teacher, math teacher, and I always wish I remembered her name. She used to do this thing where she had two kids stand up at one time, and she'd ask a question. Whoever got it right states, you know.

[Tyrus]

Oh, I remember that game.

[Charles Payne]

Yeah, yeah, yeah, yeah.

[Tyrus]

You had teams.

[Charles Payne]

And I used to go through the whole class. I would, bobby, you stand up. Here's the question. I get it. Tim, you stand up. Susie. And so she was moving, she was leaving, and she said, charles, can you stand up? She says, you're the best student I ever had. I had another teacher, Mrs. Flood. I had a speech impediment growing up, and we used to have to read out loud. And so we had a parent teacher conference. I was so nervous because I would substitute a word, but I was intimidated by it, so I'm eavesdropping. She tells my mother, charles is one of the most brilliant students I've ever had because he's reading out loud. He knows he can't pronounce a word, but he'll substitute it without missing a beat. I thought it was a bad thing. She saw it as A positive.

[Tyrus]

Yeah, well, I had that with dyslexia. I do that.

[Charles Payne]

I'm a little dyslexic.

[Tyrus]

Yeah, I'd be like condescending to this day. If I see condescending, negative. Yeah. I just flip it because I'll be condensate. Conde. I'm gonna be here. Oh, I'm gonna be here a while. And it would be when I was a kid though, it'd be like the big giant ate the. And I couldn't, I said biscuit wrong. So I'd be like bread. You know, you think you're so. Because you, because it's not the teacher you're worried about. It's them some bitches. You playing with their research. He can't say chrysanthemum. It was some flower. I couldn't, you know, man, My word was mother.

[Charles Payne]

So finally my, my, my, my mom and my two brothers at night, we, they would, they would grill me on my mother. Mother. Mother. I said mother. But the point was, is that I already kind of knew the world. I've been outside of Harlem. I saw the world. I knew that a thirst for knowledge wasn't being white. I knew getting A's wasn't being white. I knew speaking proper English wasn't being white. So I didn't have that disadvantage. Because it's a self fulfilling thing and it's the most negative thing of all the things you talk about that could save the black community or help the black community. It begins within.

[Tyrus]

Exactly. Because no one there wasn't an evil white person with a ruler going, you can't learn math, boy. Like, we don't want you smart. That's. And I, I, I used to get the same thing I get, you know, you're light skinned so you can get a better job, you know, or they'll say that or whatever. But, But I don't know though. He's big though, right? You know, like he, he, he's not pretty, you know, like if you go, you wasted being light skinned. Cause they'd still put your big ass in the field cause you. And I'd be like, thanks grandma. Like, yeah, I'm ready. I'm ready to go take on the world now, you know. But they would equate such thing. And I would always hear that. And it used to drive me insane. They would say, I would always hear that. Like, nah man. Like, why are you trying to act white? Why are you trying to do this? But it never came from white people. It came from unhappy, afraid brothers on our own. Like our Own thing. Because I think it was a. A coping instead of saying, like, listen, I'm not doing what I need to do. It's so much easier to say that I'm not even allowed to play in the game.

[Charles Payne]

Right.

[Tyrus]

And I feel like that mentality was such a big thing more so in you.

[Charles Payne]

But I would also add to too, though that. And this is where I have a problem. Like, I don't understand how people vote the way they vote. Because having gone to these different schools, I could see immediately that the curriculum that they were giving the kids in Harlem was watered down. It was, you know, they were grades behind and that. And, you know, it was pretty clear that it was a system designed to keep you down, you know, like that, you know, you come home, like they give these kids, like, you know, inflated grade and you're doing great. But you. And then wonder why 12th grade you still had a 7th grade reading level. Because they still. The schools were conspired to make sure that the kids in these neighborhoods didn't learn anything substantial. And if you weren't willing to learn on your own, if your parents didn't have like. We had encyclopedias. We had like. My favorite thing was the Guinness Book of Records. Books of records.

[Tyrus]

Oh, yeah.

[Charles Payne]

I've always loved factual. I was going for the hot dog one, man. Because back in the day I could knock out about 50.

[Tyrus]

But I think I passed out trying to hold my breath for three and a half minutes or something. Like me and my brother were in the bathtub trying to. We got to break this record. And the only thing we were allowed to do that wouldn't end up with us getting a whooping was holding our breath underwater. Because I tried to. One where I tried to. I think it was. You could. You had to eat. I forget how many loaves of bread. It was some bread thing. How many pieces of bread against book man, that whooping. I still think about it because I just ate all the Wonder Bread in the house. And I was trying. It was four and it was just out of your. How much that cost?

[Charles Payne]

Yeah.

[Tyrus]

So it. I always. Yeah. Never actually did accomplish. Well, I guess I did. I'd be in the book. But it's funny that you don't hear anyone talk about that stuff.

[Charles Payne]

Yeah.

[Tyrus]

How much was. Obviously you had. You're in. If you like the stock market and you like math and stuff and social studies. Because history was my favorite thing also I realized that the answers are in the book. So all I got to do is read this. This one class. I don't have to worry about, right? Because. But I ended up being obsessed with, with history. And I would write and I would write my little dis. You know, my little books and papers and stuff. And I remember spending hours sourcing through my Encyclopedia Britannicas. And the biggest thing is if you lost one of them, you know, because then you couldn't just get one. You had to get a whole new, whole new set. But those things were, you weren't even allowed to take them out of the house. They were like, oh, no, no, no, no. That was, it was the Bible and there was an Encyclopedia Britannica that don't come out the house and you don't loan it. Can't. No friend bother.

[Charles Payne]

Nope.

[Tyrus]

Get your own book on Mount Fuji. Like, we just would not have it.

[Charles Payne]

And we had the big gold adult ones and the smaller red kids ones. So I was, I was good to go, man. I was like. And I just, I just, I just never stopped that. I've always had a thirst for learning. Every single day I try to learn something new every single day.

[Tyrus]

When did you realize that you were going, that the financial institution was going to be your way of life? Like, when did it hit you?

[Charles Payne]

So I wanted to, you know, like I said, I told everyone that's what I wanted to do. When I was in the Air Force, I went to college, but my major was like more on, you know, security because I ended up being a security policeman working in nuclear missile bases. And you know, I did great again in college. You know, it's, I really killed it. But then when I got out of school, it was almost a replay. So when I got out of college, the Air Force, I was married. I had a two month old daughter, one and a half month old daughter. And so me and my wife ended up getting a room, not an apartment. Like we, like me and my, my mom and my two brothers, we had a room in Harlem inside of an apartment. Same thing, right? So we had a room. Lenox Avenue. And Lennox was rough back in the day. And I was working two jobs, I was going to Baruch at night. And I'm like, I gotta, you know, I just want to figure something out, you know, how to, how to, you know, get, get pursue this. And you know, I saw a friend of mine, she worked at a small firm and because I got a job at EF Hutton and let me tell you, that was, that was a godson, it was like maybe the fifth largest firm brokerage firm at the time. I didn't have a college degree. I was going to college. I had a lot of credits. And I gotta say, my. The guy who hired me, I still want to find him. Gene Pacey. He interviewed a lot of people. And, you know, I got the phone call that night. I was still. It's emotional now, man, because that was the break I needed, you know? And even though I always tell people, if you looked at the organizational chart, you start with the CEO, right? Go all the way to the bottom and then flip it. That was me. Yo, that's me. But I tell you what, my man. Every day I got there at least a half an hour early. My lunch was maybe 20 minutes. And I stayed late and I asked questions and all. Let me tell you. And I tell the young people all the time, powerful people, knowledgeable people, well off. People love to talk about their success. And, hey, how does that work? Come here, kid.

[Tyrus]

Right? Get on the learning tree.

[Charles Payne]

This is called the money supply, you know, and then retain what they told you a little bit because then if you mention it again, they'll build, you know. And so I learned a lot. And then I had a chance to become a broker. And I went with a really small firm. And they said, well, we'll sponsor you for the test, but that's it. We won't train you for it or anything. So I'm working two jobs. I'm going to Baruch and I'm going to take this test to become a broker. My lifelong dream. And EF Hutton wouldn't sponsor me because I didn't have a college degree. But there was one of my friends there. They were sponsoring him and he was taking classes. So this is a Wednesday. He said, why don't you come up with me to the class? So I went with them. And the instructor said, yeah, come on in. No big deal. We got these sample tests. I was averaging 70, 75s on them. So he tells. He pulls me to the side after the class and says, listen, the test is Saturday. It's obvious you're going to fail this thing, but you should take our course. I said, okay. In the back of my mind, I'm saying, my man, you don't know me.

[Tyrus]

Yeah, right.

[Charles Payne]

My man. I was like, thank you very much. In the back of my mind, I'm.

[Tyrus]

Saying, tim, bet you don't know me. Yeah, you about to find out.

[Charles Payne]

Yep. So I took. I took. Called in sick Thursday, Friday, went to my mom's apartment because again, we didn't have any room. We lived in a room. She had a glass, big glass kitchen table. I Laid all the material out there.

[Tyrus]

This is the studying montage from any movie in the 80s right now. And you just.

[Charles Payne]

That's it.

[Tyrus]

Immersed yourself.

[Charles Payne]

Six hour test. One person finished before me. Just one. Just one. Finished it in less than four hours. They used to give it to Murray Burcham High School. I walked from Murray Burcham to the office, right. Cause some people were working, including the manager. And I sang all the way and I sang this song. There's a line in Stevie Wondersong overjoyed that says. And though the odds say improbable, what do they know? And I just sang that song all the way to. He said, how'd you do? I said, I passed. He says, well, let's wait till.

[Tyrus]

Hold on there. I passed.

[Charles Payne]

I crushed it. Yeah, I crushed it. And I just kept singing out of my mind.

[Tyrus]

What did that feel like when he, when he came to you and said, hey, you passed?

[Charles Payne]

Yeah, it was a beautiful.

[Tyrus]

You're a broker.

[Charles Payne]

It was a beautiful thing. And then, then the next set of reality hit in. All right. No 100% commission. 100 commission. Here's the phone.

[Tyrus]

Good luck. Hello, I'm Click.

[Charles Payne]

Right. So in the back they had all these old ass yellow pages. Right?

[Tyrus]

Right. Oh, wow.

[Charles Payne]

And I'm going through these. So they've been called a million times. I'm flipping the page. So I got again another. These little small things are life breaks in life. So I'm on the phone with a guy and I'm pretty sure he's an attorney. And I read the script. He said, you read? Well, but what do you want? Well, I start talking about the stock. Whatever he says, okay, I'll open an account with you. I hung up the phone and tore up the script and from then on I just spoke to people. Just a conversation, no script, no bs. My first full month in that office had more new accounts than anybody else.

[Tyrus]

So it was on and cracking.

[Charles Payne]

It was on and cracking. It was on and cracking.

[Tyrus]

So you're this, you're starting to build success and usually with new success becomes more pressure because you, you have to, you're going to work more, you're going to be further away from your family. That, that's got. It's like a double edged sword when you're, when you're chasing it. Yeah, because. And I only speak from a man's perspective. I don't speak even try to understand the other side. I just. And I feel like the pressure to succeed sometimes blinds us from what's going on because it's like you Come home, you're exhausted, but at the same time, in your mind, you're trying to think about your next move for tomorrow, right? And you. And your goal is. Is one of. Of love. You want to be able to have rooms. You want to be able to have a nice car, clothes, everyone's belly's full. You want your wife to have nice things that you earn for her, but at the same time, you're also not there because you're hustling. Did you experience that a lot?

[Charles Payne]

I did. You know, it reminds me of the Izzy Brothers song, right? I Got Work to Do.

[Tyrus]

Yes.

[Charles Payne]

It's like, those are the lyrics. You know, I had that. And whenever I talk to young people, I say it's really the whole Hollywood version of this just doesn't truly exist. Something's going to suffer, right?

[Tyrus]

Yeah.

[Charles Payne]

Something. I don't know. I don't know. Hardly any various. If you. If I took the 1000 most successful people I've ever met in my Life, I say 990 have been divorced at least once. But for me, the problem was it wasn't. That was less of a problem. Then I started to become someone that my mother didn't raise. You know, I got cocky, I got souped up. I'm spending money, I'm talking smack. I just was not.

[Tyrus]

That's where the anger and I can relate to this is like, when you start to get success. And there. Some of the issues just, like, you know, for me, my thing was I didn't grow up with. I didn't have any relationship with my father. And so, like, I needed to let everybody know I was okay and I was winning, you know, and unfortunately, I don't think any group has it worse than a brother making money, because apparently the only way we can show off is at a club with bottle servers dropping 10 grand a night, supporting everybody else around us.

[Charles Payne]

Right?

[Tyrus]

I don't see any other cultural group getting stuck with that level of like, yo, I made a job. I got my paycheck. And their group's like, cool, right? But they're like, well, where's your chain?

[Charles Payne]

Right, Right.

[Tyrus]

What kind of rims you got? There are. Those are 22s. I mean, they're not 24s, but they cool, right? You know, and then you're like, well, this suit and this stuff. And for a long time, man, for me, it was all about my chain. I had to have, you know, because the chain meant you were. That if anything else was going wrong, if you had a nice chain, you had, you know, and We. We get caught up in. In the. The package. Well, you know, what we got going on.

[Charles Payne]

I mean, I had an uncle who lived in a trailer, but he always had a new mark for exactly.

[Tyrus]

Like, our priorities are more for like. Like peacocks. We have to display how well we're doing. But then when you see our nest, you're like, brother, maybe.

[Charles Payne]

Although I'm still. I'm still. I still have to get me a big diamond Jesus piece at some point. That's all I'm saying.

[Tyrus]

Listen, I'm not. I'm not condoning it. I'm saying you can priorit, prioritize it. Like, for me, I'm currently chainless, right? Because I had my one chain forever, right? And then it, you know, Father time kicked in, class broke, and I went and I bought. I wanted a new chain, right? And I was. I had. The guy was like, oh, I can make you one from scratch or whatever. And he made me this chain. It's like £15, right? And I grossly overpaid for it. And I go to put it on, and I was like, what are you doing right now? If I had got this chain when I was in my 20s and 30s, I'd be on here right now. I mean, the thing was £15, you know. But I was realizing, like, you know what? This is a good lesson for me. Like, this is not defined me. Like, I'm not gonna wear this damn thing, can't return it. I'm gonna, I guess, melt it down.

[Charles Payne]

And I'll invest in silver, right?

[Tyrus]

But it's this thing where you could. It always comes with age and wisdom when you realize that, like, this ain't important, right? What's important is like, my portfolio, what I showed you earlier. Not that I have a nice chain, but if something happens tomorrow, I can't, you know. Cause I'm not gonna be able to sell my chain. But we get that Persona of the flossing of the flossing black man. Like, that's, I think, one of the biggest hiccups. It's like almost first you tell yourselves you don't belong. Then when you get there, you overdo it, right? So everyone thinks you belong.

[Charles Payne]

And to your point, man, I mean, that was one of the first things I saw when we moved to Harlem and. And it used to kind of blow me away that, you know, these arguments over, you know, like, getting beat up for wearing skips.

[Tyrus]

Yeah.

[Charles Payne]

But we all lived in the same building. We're all in the same social. We all have about the same, you know, What? I mean, like, I'm not. Even if you do have nicer sneakers than me, you're not. You know, we're in the same.

[Tyrus]

You know, we're living in the same.

[Charles Payne]

I didn't have heat last night. You didn't have heat last night.

[Tyrus]

Exactly.

[Charles Payne]

You know, so. And that's the crazy psychology of it is, like, to make each other feel.

[Tyrus]

Like shit, my penguin nest is better than yours because I have one shinier rock than you. Right.

[Charles Payne]

And it's just. It's. It still exists to this day. You know, so. You know, but I was just. I just. I was. I was shifting away from. From who I was supposed to be, you know, And. And, you know, for me, the peak came. I had my own company. We became a publicly traded company, and, like, on paper, I was worth 275 million. And I'm just in my 30s.

[Tyrus]

I'm sorry. Yeah, I'm sorry. I'm sorry. 230. What?

[Charles Payne]

275 million.

[Tyrus]

Oh, I'm sorry. I cut you 50 million.

[Charles Payne]

So.

[Tyrus]

So you can imagine I'm completely humiliated by my.

[Charles Payne]

No, no, no. But that the market crashed so that the stock.

[Tyrus]

The stock went to zero. Well, yeah, I feel better.

[Charles Payne]

But. But at one point, man, in the. Oh, they were inviting me to all kinds.

[Tyrus]

Oh, I bet.

[Charles Payne]

Man, they invited me to this thing they were doing. Alvin Ailey. So the CEO of Citicorp, he loved his wife, was a big fan. So they. They invited all these wealthy folks. And of course, by now, I'm like, you know, all these people are coming to my office, right?

[Tyrus]

Yeah.

[Charles Payne]

Because you. So they invite me. Now, this is stock. I don't. It's not liquid, Right. You know, so anyway, rope to my man's. My man's penthouse, right? And Judith Jamison, she was an artistic director at the time, the architect of the place. And so everyone's there, and, like, my man, he's knocking back. So now they're sitting around and they're doing the donations, and they go around, like, what would the Weisbergs like? Well, we'll put in 10 million. Then they go to the next group, and at this point, they're making their way around the room. I looked at my wife and said, let's get the.

[Tyrus]

Get out of here. Yeah. Because I got a check for $200, sir.

[Charles Payne]

It came to me, I'd have been, like, $38.

[Tyrus]

Yeah.

[Charles Payne]

I was getting salted. Herbiv's tyrants. I told my wife, as they were making a way around the room.

[Tyrus]

Yeah. Like, hey, yo, hit me.

[Charles Payne]

We went in the back to the kitchen and caught the element. Are you so. So. But you. You know, people were coming, like, you know, and from. And. But. And that was the comeuppance. It went from 275 to zero to stop. And that was the comeuppance that I thank God for.

[Tyrus]

Okay, so your biggest failure. And that's the thing that I. Not to cut you off, but, like, it's our failures. That's the. The. The fertilizer for our success. Like, when you have a moment. Because people would have put a bullet in their head in some cases like that. I mean, you.

[Charles Payne]

Right.

[Tyrus]

Generational wealth was gone like that.

[Charles Payne]

Right, right.

[Tyrus]

You know, and at this. At that moment.

[Charles Payne]

What.

[Tyrus]

What kept you saying, I'm good? Because that. I mean, that's. That's career ending for something.

[Charles Payne]

You know, it was just. It was stock. It was on paper. I didn't. I didn't spend it. You know, I was spending lavishly, but I didn't spend that. Cause, you know, and it's. You know, it went away. It was frustrating in some sense, but I almost immediately recognized that God had done me a favor. Okay, say, my man, you're losing the threat. You're not. This is not who your mother raised, right? And I, you know, it's. I kept working. I mean, my business, we went bankrupt. We. You know, just. I invented, like, this whole work from home thing. I invented it. No, no, no.

[Tyrus]

For real.

[Charles Payne]

Oh, 2000. The market crashed. We were so. We were so broke down, let me tell you. So one point, they were going to kick us out the office, right? And I'm waiting for a check to come through, and the marshals show up. The building comes up. They got to do with the drill. He's right. He's changing the locks, and there's two marshals with their guns on their hips. And I'm emailing to everyone in office, keep working. Keep working. And people are like. I'm like, keep working. So the main marshal comes over to me, all right, you guys gotta leave. So, my man, we got a check coming. Just please give me a minute. Okay? 20 minutes goes by. You guys are gonna have to leave soon. And I'm sending out emails. Keep working. Keep working. So the check came, but we eventually ended up being. So Our company was so broke that people had to work from home. This is in, like 2001, 2002. So we did the work from home thing a long time ago, you know, and so it's just those grinding periods, right, where you Know, I was making. I was creating products that I didn't even have clients for that I ended up getting clients for. But I. But I got them because I had a track record, even though no one was paying me for it. So, you know, the lesson was just keep looking ahead, keep working your ass off. Keep having positive assumptions, and keep learning. And, you know, I don't know exactly if someone say exactly. I remember having a party at my house, right, One night, one time, and thinking that was the last party I would have. Like, it was like almost whatever, you know, I didn't know I was gonna pay my mortgage, Right, So you just never. I don't know the exact thing. Just. All I know is just like, it's a fog, right? You just. You just keep. It's a fog, but you just keep. And somehow you come out of the fog and you made it through that period, and it's not one specific thing except you just kept swinging and kept believing, and that's what happened, you know? And so how does fox tie into this?

[Tyrus]

How do you. You're building this financial empire, and now you are one of the most respected people in Fox News organization like you. How did. Was it always. Did you always realize you were ending up in front of the camera? You had the charisma.

[Charles Payne]

Yeah, yeah, yeah. I was always, like the class clown, you know, comedian. And I was kind of handsome when I was younger. I could dance, but we know you can dress well. So I started. Actually, one day, the. I. I was. I had. I started getting a big following. I went after brokers. At first, when I started my company, I started I out of a brownstone in Harlem during the crack epidemic. So it was cheap. It was like, dirt cheap. And I would do the research at night, and then in the daytime, I was a salesman, and there was this big red thing called the director, the broker directory. So I had every single brokerage office in America. And I would call the broker and ask a broker of the day, and I would pitch them. And I'm talking. That was just. That was hard, you know. But soon I started to kind of, you know, then I got just enough money to get an office on Wall Street. And now I'm getting a little traction, right? People know me around the country and on the stock market side, the brokers. So somehow CNBC heard about me, and I get a call, you know, hey, you know, I want you to. Come on. I'm like, oh, my God. And let me tell you so funny about this. I was buying my suits at a place called Shabbanato. And that's where Mike Tyson bought his suit. So I go to get a new shirt, and I get. There's about 200, 300 people in front of the store. Like, what the hell? I weave my way through, and there's Mike Tyson standing in there by itself. So I'm not, you know, tap on the glass. My man opens the door. I say, I'm going to cnbc. I need a new shirt. He says, all right, come on in. So now Tyson wants to know, like, well, who's this dude? Like, you know, like, you know. So I ended up talking to Mike Tyson for about 35, 40 minutes.

[Tyrus]

He's a really nice dude. He really is.

[Charles Payne]

Oh, my God. My man. I used to root against him because I thought he's a bully, right?

[Tyrus]

Yeah. Until you meet him.

[Charles Payne]

I was shocked. We talked about so many topics. And then what was crazy, I was in the back, you know, trying on shirts, and he was leaving. I said, mike, take it easy. So he comes from the front of the store all the way to the back of the store, and I'm like, oh, you know, I thought, he's going to shake my hand. He hugged me. He hugged me. That store, everyone was ripping him off. That store was ripping him off. His people were ripping him off. And he felt so lonely. I felt so. He was a smart guy. He was smarter than the media, and he was a nice guy. I just. My whole impression of him turned. I don't know why it happened on the day. My first day I went to CNBC as a message to me. You know, there's a movie I tell everyone who gets into the public life to watch called Facing a Crowd. You have to watch this movie if you ever want to understand, like, humility. Stay humble if you can, or it'll find you. Right, right. And so, you know, so I started going to cnbc, and then Neil Cavuto was there at the time. So Neil left for this thing called Fox. When they first started Fox, I thought he was nuts. I mean, really, the first time they called me up, said, you know, neil, Fox wants you to come to this show. I'm like, oh, boy. Because at the time, CNBC was in every restaurant.

[Tyrus]

Yes.

[Charles Payne]

Every time you got in the car, people had, you know, they wanted the financials. Everyone was in the market. Everyone was going to retire at age 40 and buy their own private island. You know, it was just a crazy time. So Neil goes to this Fox thing, and I'm like, oh, boy, here we go. I come. The Escalator downstairs was the first studio. I'm in there with Neil. I'm holding up the legs. The table got three legs. I'm holding one up with my knee.

[Tyrus]

Wow.

[Charles Payne]

The lights dimmer, all messed up. I'm looking at Neil like, my man. You know you messed up, right?

[Tyrus]

Yeah.

[Charles Payne]

You know?

[Tyrus]

You know, it's nice and clean over there.

[Charles Payne]

I'm like, I'm doing.

[Tyrus]

Their tables have legs.

[Charles Payne]

Like, I'm doing you a favor being.

[Tyrus]

Here, but you owe me. You buying steaks tonight for sure.

[Charles Payne]

I'm looking at Neil like, whoa, you blew it. My man. Obviously, he was brilliant to come. You know, Roger, he knew what Roger could do. Roger was a brilliant man. You know, no one can take that from him. Is understanding that the elitism in this country, you know, New York and D.C. and California, that's all that mattered in the media. And no one cared about Kansas. No one cared about Omaha. He saw that there was a group of people who just were not being. Their voices were not being heard. And ironically, I try to approach the stock market like that. I tried it the same thing. There's a group.

[Tyrus]

It works.

[Charles Payne]

Right? Right, Right. So. So, you know, it's a lot of work. I mean, I, you know, I'm a. I'm. I love working. I work my ass off, and it's a lot of work. And you know what I'd like the most is the audience, you know, the. The Fox audience. These are. I'm not bullshitting you, man. These are the nicest people.

[Tyrus]

They are dedicated. They will support you, stick with you.

[Charles Payne]

They're so nice.

[Tyrus]

They really are.

[Charles Payne]

They. I mean, they really are the nicest people in this country. They are. You know, and, you know, I always tell people, if my car had to break down anywhere in the world, I want to break down in front of a Fox News house because someone.

[Tyrus]

They're gonna have to change the tire, first of all. That's gonna be the. That's gonna be the biggest thing. They actually. They're not gonna look at you and be like, oh, what's that? You want to Uber app for that? Is there a flat tire app? I got it, man. Please, just don't. Just don't talk to me.

[Charles Payne]

Exactly. Good point.

[Tyrus]

That's correct. But so here you are. You. You're a staple, and, oh, you are Fox Business then. You headline every show here. You financial guru genius, if you will. What keeps the fire going? You got grandchildren now?

[Charles Payne]

Yeah. Yeah. Well, my oldest granddaughter is my heart. She's my absolute heart. And I just started taking Your, your.

[Tyrus]

Ex reflects that quite often.

[Charles Payne]

Yeah, I started taking, I've been, She's doing fencing now.

[Tyrus]

Oh, wow. Yeah, I got a horse jumper.

[Charles Payne]

Yeah.

[Tyrus]

And you're fencing, so.

[Charles Payne]

Yeah, well, she's been doing piano for like eight or nine years. Kickboxing for about eight or nine years. She's doing piano now. And so, you know, that's, that's something. That's beautiful. I, you know, the, I feel like it's a, it's a mission still. You know, I'm working on my fourth.

[Tyrus]

Book and we got some breaking news coming out.

[Charles Payne]

We got a title, I'm hoping early Undeniable Windfalls.

[Tyrus]

Undeniable Windfalls. All right, I'm all over that.

[Charles Payne]

So, so this gets back to the notion that this, the stock market is the greatest money making machine in history. And I can't tell you almost every stock. If you, if almost every stock I've ever sold. I wish I didn't later. And we, we've actually deny ourselves monster windfalls, you know, because stocks don't go up in a straight line like Apple for instance, right. If you could have bought Apple 20 years ago, whenever, and held it. Now people always say, man, if I would have. But the problem is it went down 50% a few times and then they jumped, right. And so people sell it or whatever and it's all about how to analyze these companies beyond the quarterly earnings report and the short term rate overreactions and focus on management and the product and all that kind of stuff. Because I still believe that the stock market, that everyone should be invested and that the windfalls. And so I'm going to share like three I've had personally, right. I'm going to have one stock in there that went to zero, you know, and the lesson I learned from that and, and then some techniques on how. Because this, the fourth Industrial revolution, what we're in the middle of right now, it's not over. You know, forget about the AI bubble crap. We've got another three, four, five years of big time gains, you know, and even longer than that. So this is the fourth Industrial revolution. In the second Industrial revolution where America passed up the rest of the world. You go from 1850, we were at the bottom of the list. And all the things that were created between 1850 and 1910, the problem was you went to the New York Stock Exchange, the average stock only had 1,000 shareholders. It was limited, everyone couldn't participate. And this is what I try to tell people this time. You are the Robert Baron. You don't have to be jealous of the Robert Baron. You can be the Robert Baron. And that's my goal, is to get people to take advantage.

[Tyrus]

And it works because, like I said, I am 1000% living proof. I had tried stock markets before, but I didn't really understand it in terms of, like, you just bought something. Like, it's not exciting.

[Charles Payne]

Right?

[Tyrus]

You know, it's like, okay, well, that's the classic mistake.

[Charles Payne]

Most people buy one stock, and here's. Here's the irony of it. If it goes up 20%, they're like, it's doing pretty good. But if it goes. Pulls back and it's down 1%, I sold it.

[Tyrus]

Yeah. No, it's not for me. I have not sold one.

[Charles Payne]

Yeah.

[Tyrus]

Because I'm also not investing in anything that I look at. Like a hot tip or, you know, like the flavor of the month. Research everything. Take your time. It's actually a. It's a lot like playing chess, you know, it's like playing chess with somebody who can't be in the room with you. You make a move, you leave, go about your business. That person comes in, they make a move. You come back, check the board. A few days later, you make a move. It's a marathon chess game. You just kind of. That's how I look at it.

[Charles Payne]

That's a good way of looking at it.

[Tyrus]

And I just kind of sit on it and I'm watching it grow. I'm excited that I'm. And it's like a whole new realm of knowledge, you know, just trying to figure it out. And it also. I'll be honest with you, it sounds good when you say I'm a stockholder.

[Charles Payne]

Right.

[Tyrus]

Like, I. I did that. We were doing some story on Gutfeld show about Cracker Brown. I said, greg, listen, as a stockholder, I feel like I'm the one should be leading this thing. You know, I have over 100 shares, so I feel like I'm. I'm.

[Charles Payne]

You are part owner.

[Tyrus]

Yes, you are. I talk about the whole. The whole changing of the guard as. As far as taking the old man off the Cracker Barrel.

[Charles Payne]

Yeah.

[Tyrus]

And we're not standing for it.

[Charles Payne]

No.

[Tyrus]

Yeah. At the next shareholders meeting, I will. I will have some thoughts. Yeah. Yeah. Next time I see Elon Musk, be like, I noticed one of the factories, some dust on the ground. Let's sweep that up. Okay. Part owner here, bro. But it is a sense of, like, accomplishment.

[Charles Payne]

It really is, man. It's so. It's so beautiful, man. It's just. It really, really Is. And, you know, just. So can you forego, you know, the, the chain. Can you forego the Uber?

[Tyrus]

I have the chain, but this chain's growing quietly and slowly. It's a much better chain.

[Charles Payne]

It is. And that's what I tell people, man. And the people who tell me, they, that they. Well, I can't afford it. I'm like, my man, you got the Uber account. You got the only fans account. Yeah, I know people live in a projects and use grubhub. Like, wait a minute. You can go to Mickey D's, my man.

[Tyrus]

That's my biggest pet peeve. I can't stand it. Even my wife uses because she's busy all the time. But, like, and then I'll. They'll. The GrubHub or whatever will bring in like, oh, they didn't bring this and.

[Charles Payne]

I didn't bring that.

[Tyrus]

And I will just be like, just give me the list.

[Charles Payne]

Right.

[Tyrus]

Okay. I'd rather go to the supermarket.

[Charles Payne]

Right.

[Tyrus]

You know, like, I don't. I, I think we. Technology is good. And because I don't. And this is a perfect example, I don't use grubhub or Uber stuff. So I don't invest in it.

[Charles Payne]

Right?

[Tyrus]

Because I don't. I, I find, like, it's. And I. But there's another side of me is, I know that a lot of people.

[Charles Payne]

Do, but it's ironic you mentioned the grubhub. They went public this year and the stock's already down like, 70%.

[Tyrus]

Yeah. And I just, I was like, nope, I'm not. I'm not going to invest in something I don't use. Or I, or I, or I'm adamantly against. Just. And again, it doesn't mean over time that I wouldn't invest in something like a, A Uber or something like that. But right now, physically, I'm like, no, go to the store.

[Charles Payne]

Right?

[Tyrus]

So I can't. I won't, I won't. My hypocrisy only goes so far.

[Charles Payne]

I got you. I got you.

[Tyrus]

But if I. But I'm not an idiot either. If I'm like, yo, this is gradually going up 4% every quarter, I might have to just, you know, pinch my nose and buy a few and just, just, just for gigs, you know? You know how US Economy guys do, you know? But it's, but it opens up a whole other avenue. And I do notice that, like, you, you end up when you. When I meet people across the country and I talk to them about stocks, it's kind of like the same Kind of ignorance that I had where it's like you just didn't look right.

[Charles Payne]

You just assumed right.

[Tyrus]

Oh, it's not for me. No, it is for you. Well, just take the 10 minutes you read. You will read the menu at every restaurant up and down with your little phone with your glasses on. Take the time. I'm telling you, your book changed and it was just like I said, I still use it. It's an encyclopedia for. And it's one of those things where I don't have. It doesn't cost me money to call to make an. For a broker to say, hey, let's try this experimental one. If you do the. I'm not. They have their place.

[Charles Payne]

Sure.

[Tyrus]

And if you are going to, if you're going to invest large amounts of money, you probably should talk to someone in the field before you just go half cocked and, and, but I won't jump in like, oh, let's say new, new toys coming out and going to drop my life savings and a one hit wonder like you do. That's the biggest thing you always talk about is like know your company, know research. It. It doesn't. It takes less time. You can, you can binge watch a Netflix Squid series or some shit. That time you could have read the book two times over.

[Charles Payne]

Yeah.

[Tyrus]

And invested in Netflix if that's your thing.

[Charles Payne]

And know what's good about it too. It's like you mentioned, like you like history. I'm a student of history too. I love it. And the first thing I do whenever I, there's another stock on my radar. The very first thing I do is I research the founder. The very first thing. And the stories are so phenomenal. And when you get these people who create these companies, if the ethos, if their ethos still exist in that company, it's going to do well. And another thing you mentioned, like, okay, I'm afraid to buy stocks. People always say that. They always say to me, I'm afraid I'm going to lose all my money. I say, yeah, but here's the thing. Like these stocks, for instance, even a Target, which is struggling right now, do you think Target will be in business when you die, in other words?

[Tyrus]

Yeah, I know you're worried that you're going to have all your money. Yeah.

[Charles Payne]

But you're not going to lose all your money.

[Tyrus]

You're not losing. It dips.

[Charles Payne]

Right? Exactly.

[Tyrus]

The value goes down.

[Charles Payne]

The company will be here after you're gone. So that mentality is crazy. It's not, you're not rolling the dice Per se. Like it's not an instant thing.

[Tyrus]

It's not roulette.

[Charles Payne]

Although I, you know, I fault financial media, though, for making it that way. It feels that way, you know, you know, what did you do? You know, they've added this sort of hysteria to it. And that part's probably going to get worse with the prediction markets and things like that, the gamification of it, the gambling part of it. But if you just do your work, if you just kind of do the work, it's intimidating initially, but it can also be so much fun. I'm telling you, learning the stories about these companies. No matter what. The Johnson and Johnson story, the Movado story, the list goes on and on and on. My best win last year for I had a dividend stocks is a company called Iron Mountain. And they were.

[Tyrus]

Iron Mountain.

[Charles Payne]

Yeah. So they made the news recently because I think our government has some like, highly classified stuff, right? Like still on paper, documents inside one in Iron Mountain things. But it just, it was a fantastic, fascinating story, right. This guy, he was a banker. After World War II, a lot of people came over here, particularly Jews, that they'd taken everything from and they were trying to get loans or open accounts. They had no id, no identification. And so there had been this mountain in upstate New York that a guy owned. And back in the day, he had mushrooms in there at some point, mushrooms were hip. Like everyone was eating mushrooms. And then they stopped. So he bought the mountain and started just putting documents in there. Hence Iron Mountain. And it's just, you know, but it's, it's. It's when you learn these stories and then these companies again, it's been around this many times. It's evolved this many times. It will be around, you know, when we all pass away. So that part when. That you could. That part kind of mitigates the fear. Okay, I'm not going to lose everything. The company is not going to zero. You know, you start there and it gives. That should relax you a little bit.

[Tyrus]

And I think people watch too many movies. Oh yeah, we woke up. It's all gone, right? It's all gone, right?

[Charles Payne]

Right.

[Tyrus]

Even if your stock is 4 cents, it's still there. The potential is there to.

[Charles Payne]

It can make a hottest stock in the, in. In the world. The last couple years has been Nvidia, right? Jensen Wong, you know, these AI chips. So on the COVID of Forbes magazine, I think it was 2008, 2009, he was January company of the year. They had a picture of Jensen. In fact, it's so old that it didn't even say Jensen. It has first name to Korean. And he must, you know, anglicized it since then. So it was Jin Hua Huang and he was on the COVID This is 2008, 2009 company of the year. Adjusted for splits, it was about $13. By the end of the year it was like a buck fifty. Wow. And it stayed there until it took off for about 800,000%.

[Tyrus]

Oh wow.

[Charles Payne]

You know what I mean?

[Tyrus]

Yeah. So you sit, you wait.

[Charles Payne]

Microsoft was dead in the water. Dead in the water. And they got a new CEO and it became another again a juggernaut, you know. So it really, if the long term investing like you want to do it boils down to the people more than me.

[Tyrus]

One quick thing before I let you go. How much do you think? Because the AI but the robotics we hear that's going to change the stock market significantly. When we see who went, whether it's Elon Musk or the other different companies, who comes out with the first functioning robot that can replace human labor. And we've seen, I mean we've seen so many commercials and like where the, we don't know. I, I don't know if it's months away or if it's years away. But, but you, do you foresee that the, the automation of having people having their own personal robot is going to change? It could obviously factory work as we know it will forever be changed because now you have a, a staff that can work 24 hours, don't need the lights on, don't need sick time, don't have an attitude. So it's going to drastically change the workforce. Do you, is it A plus or you think it's going to be a little bit of a scary time in the, in the market?

[Charles Payne]

So I'm with, I'm what they call a Luddite, A natural born Luddite.

[Tyrus]

Okay.

[Charles Payne]

The first industrial revolution was the, was a weaving machine, right? Like you'd have these big barns where you have 200 women sewing, weaving. And this machine came in and could do the work of like 30 of these women, right? And everyone's up in arms like what the hell? You know. And this guy named Ned Ludd, they used to call him King Lud, him and a bunch of people went to the first one and they broke it up, you know, they vandalized it. And ever since then people who were resistant to new technology have been called Luddites. So I'm a natural born Luddite. And yet every industrial revolution, when it Was over, created more jobs, better paying jobs and better life, you know, life for everyone.

[Tyrus]

Right.

[Charles Payne]

But I do believe there's going to be a gulf, a transitional gulf. Right. And so someone put out a report, I think it was IMF, that by 2030 or a little bit around that time, 60% of the jobs that will be available don't exist today. But what happens to the people that lose their job to AI and then whenever these other jobs come around? I do think that that's going to be some serious political ramifications for that, you know, and that's why they talk about universal basic income or those kind of things. I'm not sure how we're going to make that transition.

[Tyrus]

Right. Because you, there's new jobs that if you're not qualified and don't have the education, there's no job.

[Charles Payne]

Right, right. Or the job hasn't materialized yet. Even though, you know, at some point.

[Tyrus]

Someone, a lot of that with the green, new deals and all the green stuff, there's going to be all these new jobs for everyone. And there weren't. Right.

[Charles Payne]

And so just like they told truck drivers, learn how to code. It was just, you know, you can get a 55 year old man who's been on the road for 40 years and now he's going to learn how to code. Give me a break.

[Tyrus]

Not happening.

[Charles Payne]

So, you know, it's happening. I mean China is so far ahead of us in industrial robots in part because they've got a fertility crisis, that one child policy is backfired.

[Tyrus]

Yeah, that blew up in their face.

[Charles Payne]

And so, but you know, it's, it's, there's a big question mark on that. Honestly, there's a big question mark on that. I mean in the next few years a lot of money will be made and then as time goes on it will whittle.

[Tyrus]

Right, right.

[Charles Payne]

At one point there were over 100 automobile makers in this country. In 1890 there was a, there was about, I don't want to get the number wrong, I want to say like 90 bicycle makers in the UK something they created. You know, remember those big pictures of the one big ass wheel.

[Tyrus]

Yes.

[Charles Payne]

And that little bitty one in the back.

[Tyrus]

Yeah. Or the two.

[Charles Payne]

So they, someone there created a system where you had two, two wheels and it was affordable, it was a great way of transportation. And it went crazy. You had like 90 bicycle companies and all the stocks went up until eventually it was, almost all of them went out of business.

[Tyrus]

Right.

[Charles Payne]

And so we'll have that. You know, you had it with the auto industry. There were a hundred car companies before, by the way, including electric cars. In fact, I think it was in 1915. Three types of cars. The largest market share was electric, followed by steam, followed by the internal combustion engine. No one even used it because it was smelly and, you know, and it didn't go far. And then eventually, you know, they retooled it. Ford made it, so. But paved roads really is what paid. Paid that off. Right. Now you had a paved road to go on, and you can go visit grandma two towns over. So it's just going to evolve like that. You know. The good news is that there are going to be so many opportunities to invest in that. I mean, really, companies may not exist at this moment. At some point can make someone change someone's life in the next five years.

[Tyrus]

Well, I'm excited about it. And of course, I'll keep bugging you respectfully. And again, have. How many. I just got to ask. Because it's become legendary. No matter what show I'm on, if a suit reference comes up, I say, I don't wear suits for one reason. Because Charles Payne got it on lockdown, and there is no point. There is no point. He is. I'm. It's not worth it. How many suits do you think you own?

[Charles Payne]

Oh, boy. I don't know. Maybe. I don't know. Maybe like 100. I mean, I just gave away because I lost weight. I just gave away 30. Then I had some. I tried to retrofit.

[Tyrus]

Right.

[Charles Payne]

The good news is that the. The tailor said he had to take in so much stuff that it wouldn't. The thing would be bad. So. So, you know, so I've got a lot.

[Tyrus]

Yeah. I recently had to give up a lot of clothes too big when I leaned down a little bit.

[Charles Payne]

Yeah.

[Tyrus]

But it's easier to get suits now, too.

[Charles Payne]

Yeah.

[Tyrus]

So my wife's been buying all these colored suits now that she knows my size.

[Charles Payne]

Yeah. I'm going to the regular store, like, you know, like. Yeah. You know, I still got to get.

[Tyrus]

The length, but, you know, it's kind of nice when they. When they want to do your measurements. I only need one guy now, so that's my suit.

[Charles Payne]

My suit thing came from two things, both of my. Both my worlds. Growing up watching my father get dressed. Oh, my God, man. You know, he has pressed his. His uniform, polished his boots, and then that Brasso on the belt buckle the night before. And then the smell of Brasso. And then the gig line. Bam. Then when I moved to Harlem, the pimps Right.

[Tyrus]

Okay, so I see what you did here. I see what you did. Bishop Don Ju meets Major Pain and we. That's. Hey, I figured it was that, but I had to ask first. Yeah. No one's rocking a purple suit unless they've been around it. So that's. But that's cool. That's what made you took two worlds and you made it.

[Charles Payne]

What the hell?

[Tyrus]

And I mean, I've never. And again, you're always in a positive mood. That, that laugh makes other people laugh when they don't want to, man. And I just. Thank you so much for being with me today. Thank you again. Thank you for letting me sit under the tree of knowledge and feel a little better about my position in my life after camera because horse daddy's brother. It's, it's, it's. It's a bad investment.

[Charles Payne]

Yeah.

[Tyrus]

I mean, the great investment is my daughter's living her best life.

[Charles Payne]

Right.

[Tyrus]

But you know, I have to continually look at my other kids and be like, I don't know, you all get to earn the same. You're in baseball, she's in horses. Leave it alone.

[Charles Payne]

Right.

[Tyrus]

You know, my daughter. Other daughters in swimming and dance and stuff. And they're like, well, how much does her stuff cost?

[Charles Payne]

Right.

[Tyrus]

All your stuff costs money, right? Which none of you can pay, right? So whether it's $10 or $320,000 for a horse is irrelevant.

[Charles Payne]

Right.

[Tyrus]

Because you can't afford none of this stuff.

[Charles Payne]

Right?

[Tyrus]

So focus on yourself.

[Charles Payne]

Right?

[Tyrus]

Because you know what? Swimming costs money too. So. But yeah, but I feel a lot better now that I've. And it's. I kick myself because, like, man, I should have paid attention to this earlier.

[Charles Payne]

Yeah.

[Tyrus]

Especially when I see how little time and effort it takes just to read a few paragraphs a day. It's not. You don't have to jump in it now. There's always going to be opportunity, but it's even more opportunity if you educate yourself and get a little passion into it. It is fun to research company. I research companies and even ones I won't necessarily invest. But now I have a better understanding. I'm starting to get a better understanding of where parts are coming, who makes what. It also gives you much more informed when you are talking about issues because you know what? Well, it's manufactured here and this company this and this that. So it's a. It's helped me in my career in terms of communicating because I'm a huge film study research guy from football and wrestling and, and, and then I'M always watching myself on film, trying to find my. Always find at least two things I need to do better. I said, but. And with this, it's like a whole new level of one, revenue stream. And two, just a better understanding for the world we live in. And I really appreciate. I want to thank you very much for that.

[Charles Payne]

Thanks, man. I appreciate that. Thank you.

[Tyrus]

Now I'm teaching my kids.

[Charles Payne]

Yeah.

[Tyrus]

To invest. Like, hey, don't I just. This how it works, you know? Right. Educate yourself. You pick us. You pick a. You pick one, you bring it to me and I'll invest. But you have to. You got to sell it to me.

[Charles Payne]

Right.

[Tyrus]

You got to make me want to invest in this company.

[Charles Payne]

Right, Right. I like that.

[Tyrus]

And they're. They're pretty excited, but. And it's funny because it's only the things. Like my son. It's marvelous. You got to invest in Marvel, Dad. I'm like, yeah, no shit. Everyone, their mom's invested in Marvel. But they. I said, find me a product. Find me something cool, and we'll watch it grow together. So. But again, thank you for that.

[Charles Payne]

Thanks a lot.

[Tyrus]

More people should. It's right there. Yeah, it's there.

[Charles Payne]

I got more wins going shopping with my mom. She turned me on in Burlington. She turned me on to. To all of these stores. Right. That end up being amazing investments. And my son, even Dollar General. Yeah. Yeah. Just, you know, just.

[Tyrus]

They're like a two. Their spot stocks, like, 235 bucks.

[Charles Payne]

Yeah. Yeah. My son was great. Like, he'd tell me anything that was hip, you know? And it's just amazing.

[Tyrus]

It's just, look what's around your world. Invest in it, and. And that's a good.

[Charles Payne]

The best way to get started because you'll have more passion about it, right? And you'll do the work.

[Tyrus]

All right, well, I appreciate. Speaking of the work, man, so much, my brother.

[Charles Payne]

Thank you.

[Tyrus]

Thank you very much.

[Charles Payne]

All right, cool. Sam.