INTERVIEW: Earn Your Leisure Talks 'You Deserve to Be Rich,' Elon Musk, Trump, DEI, Dame, Mental Health +More]

Summary

Detailed Summary of "The Breakfast Club" Podcast Episode: INTERVIEW: Earn Your Leisure Talks 'You Deserve to Be Rich,' Elon Musk, Trump, DEI, Dame, Mental Health +More

Release Date: January 14, 2025

Hosts: DJ Envy and Charlamagne Tha God

Guests: Rashad Bilal and Troy Millings from Earn Your Leisure

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Introduction to the Episode

In this compelling episode of The Breakfast Club, hosts DJ Envy and Charlamagne Tha God engage in an in-depth conversation with Rashad Bilal and Troy Millings from Earn Your Leisure. The discussion centers around their new book, "You Deserve to Be Rich," delving into critical topics such as financial literacy, entrepreneurship, Diversity, Equity, and Inclusion (DEI), the influence of prominent figures like Elon Musk and Donald Trump, mental health, and the broader implications for the Black community.

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1. Launching "You Deserve to Be Rich"

Earn Your Leisure's latest book, "You Deserve to Be Rich," serves as a cornerstone for financial empowerment within the Black community. Rashad Bilal and Troy Millings articulate their journey of creating a comprehensive financial blueprint designed to guide individuals towards financial freedom.

• Charlamagne Tha God emphasizes the book's narrative approach:

  "[03:30] Charlamagne Tha God: It's like a documentary. We put it in story format, teaching crypto, stocks, real estate, credit in an entertaining way."

• Angela Yee highlights the meticulous process behind the book's creation:

  "[03:57] Angela Yee: We've been working on it for two years... it's a whole blueprint as far as financial freedom."

The book employs a storytelling format, tracking the financial journeys of six diverse characters, making complex financial concepts accessible and relatable.

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2. The Power of Entrepreneurship in Building Wealth

A significant portion of the discussion underscores entrepreneurship as a vital pathway to wealth generation. The hosts and guests dissect the balance between maintaining a 9-to-5 job while nurturing entrepreneurial ventures.

• DJ Envy shares his personal transition from a physical education teacher to an entrepreneur:

  "[27:23] DJ Envy: Your 9 to 5 is your first investor... I was still having my entrepreneurial journey on my break."

• Angela Yee concurs, advocating for a dual approach:

  "[30:02] Angela Yee: You can be an employee and have a business as well. There's no job security."

This dual strategy highlights the importance of diversifying income streams to establish financial independence and security.

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3. DEI (Diversity, Equity, Inclusion) and Its Contemporary Challenges

The conversation transitions to the erosion of DEI initiatives within corporations and its ramifications for Black entrepreneurs and the broader community.

• Angela Yee articulates the immediate negative impacts:

  "[46:19] Angela Yee: It's gonna hurt... it's gonna hurt."

• Charlamagne Tha God discusses the broader societal implications:

  "[12:14] Charlamagne Tha God: The bigger issue is amplification and suppression."

The hosts argue that rolling back DEI programs undermines efforts to foster equitable opportunities and perpetuates systemic barriers for Black individuals in business and beyond.

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4. Elon Musk, Donald Trump, and the Intersection of Media Influence

An intense segment delves into the influence of high-profile figures like Elon Musk and Donald Trump, particularly regarding their roles in media and politics.

• Charlamagne Tha God critiques their amplified political power:

  "[08:31] DJ Envy: He got all of it... he has the political power now."

• Angela Yee draws parallels between Musk and Trump’s social media strategies:

  "[08:49] Angela Yee: Elon and Donald Trump... nobody else would say this on Twitter."

The discussion highlights concerns about how their use of platforms like X (formerly Twitter) can sway public opinion and influence political landscapes, often aligning with right-wing agendas that may not benefit marginalized communities.

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5. Financial Trauma and Mental Health

The hosts and guests explore the often-overlooked connection between financial management and mental health, emphasizing the psychological toll of financial instability and wealth accumulation.

• Charlamagne Tha God underscores the lack of preparedness for financial success:

  "[75:57] Charlamagne Tha God: So that's why it's important to do the work."

• DJ Envy shares personal struggles with insomnia linked to financial pressures:

  "[61:02] DJ Envy: And try to figure out how to conquer... I got an insomnia."

They advocate for integrating mental health support into financial education to address the stress and trauma associated with managing wealth and overcoming financial hardships.

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6. Breaking the Cycle: Empowering the Community through Sustainable Wealth

Central to the episode is the mission to create sustainable and generational wealth within the Black community. Rashad and Troy discuss strategies outlined in their book to ensure that financial success is not fleeting but enduring.

• DJ Envy elaborates on the book’s structure:

  "[32:28] DJ Envy: The first step to building wealth is you got to get rich... the guide to sustainable wealth."

• Angela Yee emphasizes the importance of education and actionable steps:

  "[34:21] Charlamagne Tha God: How do you prepare your children to ensure sustainable wealth?"

The focus is on not just accumulating wealth but also wisely managing and passing it down to future generations, ensuring long-term financial stability.

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7. Overcoming Cultural Barriers and Bias in Wealth Building

The episode addresses the societal stereotypes and biases that hinder Black individuals from attaining and maintaining wealth. The hosts discuss the underrepresentation of Black billionaires and the systemic obstacles that perpetuate economic disparities.

• Angela Yee points out the minimal presence of Black individuals in venture capital:

  "[20:19] Charlamagne Tha God: Out of 5,000 companies on the stock market, only seven are Black-owned."

• Charlamagne Tha God highlights the need for authentic ownership rather than superficial DEI efforts:

  "[18:51] Charlamagne Tha God: Only because you know somebody... How is that beneficial?"

The conversation calls for genuine equity and ownership opportunities rather than tokenistic DEI initiatives that fail to address the root causes of economic inequality.

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8. Legacy and Inspiration from Icons like Nipsey Hussle

Paying homage to Nipsey Hussle, the hosts reflect on his legacy as an entrepreneur and influencer who championed financial literacy and community empowerment.

• Angela Yee recounts Nipsey’s influence on their mission:

  "[73:56] Angela Yee: Nipsey Hussle was a great inspiration... he played a part as far as the entrepreneurship wave."

• DJ Envy connects his teachings to their current endeavors:

  "[75:56] DJ Envy: And we are turning realities, and now people are finding, hey, my reality is more important than some of those things I dreamed about."

Nipsey’s commitment to community upliftment and financial education serves as a guiding example for Earn Your Leisure’s initiatives.

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Conclusion: A Call to Action for Financial Empowerment

The episode culminates with a strong call to action for listeners to embrace financial literacy, entrepreneurship, and sustainable wealth-building practices. The hosts and guests underscore the importance of education, self-awareness, and community support in overcoming financial trauma and achieving lasting prosperity.

• Charlamagne Tha God encourages revisiting foundational discussions to reinforce financial strategies:

  "[31:31] Charlamagne Tha God: Why don't y'all revisit that interview… break down the how… serve a generation."

• DJ Envy emphasizes the responsibility that comes with financial success:

  "[41:05] DJ Envy: Are you dreaming big enough… how to make this vision bigger."

The overarching message is one of empowerment, urging individuals to take control of their financial destinies while collectively working towards dismantling systemic barriers that inhibit economic progress.

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Notable Quotes with Timestamps

1. Charlamagne Tha God on Storytelling in Financial Education
   "[03:30] Charlamagne Tha God: It's like a documentary. We put it in story format, teaching crypto, stocks, real estate, credit in an entertaining way."

2. DJ Envy on Balancing 9-to-5 with Entrepreneurship
   "[27:23] DJ Envy: Your 9 to 5 is your first investor... I was still having my entrepreneurial journey on my break."

3. Angela Yee on the Impact of Rolling Back DEI
   "[46:19] Angela Yee: It's gonna hurt... it's gonna hurt."

4. Charlamagne Tha God on Media Influence of Elon Musk and Trump
   "[08:31] DJ Envy: He got all of it... he has the political power now."

5. DJ Envy on Financial Trauma and Mental Health
   "[60:43] Charlamagne Tha God: Especially in sports."
   "[61:02] DJ Envy: I got an insomnia."

6. Charlamagne Tha God on Ownership vs. Tokenism
   "[18:51] Charlamagne Tha God: Only because you know somebody... How is that beneficial?"

7. Angela Yee Reflecting on Nipsey Hussle's Legacy
   "[73:56] Angela Yee: Nipsey Hussle was a great inspiration... he played a part as far as the entrepreneurship wave."

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Final Thoughts

This episode of The Breakfast Club serves as a crucial dialogue on financial empowerment, the necessity of genuine DEI efforts, and the profound impact of influential leaders on societal narratives. Earn Your Leisure’s initiative through their book, "You Deserve to Be Rich," is positioned as a transformative resource aimed at dismantling economic barriers and fostering a culture of sustainable wealth within the Black community.

Listeners are left with actionable insights and a reinforced commitment to personal and communal financial growth, encapsulating the essence of what it truly means to "deserve to be rich."

Transcript

[Charlamagne Tha God]

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[Angela Yee]

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[Charlamagne Tha God]

Wake that ass up early in the morning.

[Angela Yee]

The Breakfast Club.

[Rashad Bilal]

Morning, everybody. It's DJ Envy.

[Angela Yee]

Jess.

[Rashad Bilal]

Hilarious Charlamagne tha guy. We are the Breakfast Club. We got some special guests in the building.

[Charlamagne Tha God]

Yes, indeed.

[Rashad Bilal]

They got a new book out right now. You deserve to be rich. All right, ladies and gentlemen, Rashad Bilal and Troy Millings welcome.

[DJ Envy]

What's going on? He knows.

[Charlamagne Tha God]

A special day when Rashad, break out the Biggie Cooper homage to hip hop.

[DJ Envy]

Hip hop is always on the mind that time, man.

[Angela Yee]

New money first.

[Rashad Bilal]

How y'all feeling, man?

[DJ Envy]

We good. We good, man. The theme music was playing when we walked in. I like that. This is good stuff.

[Rashad Bilal]

Mac had the theme music on.

[Angela Yee]

Yeah, yeah, yeah. Money, money, money, money, money, money.

[Charlamagne Tha God]

I feel like a book is. Is overdue for y'all.

[Angela Yee]

That's a fact.

[DJ Envy]

Yeah, people.

[Angela Yee]

Long overdue.

[DJ Envy]

People kind of felt the same way, right. It was one of those things where, like, when's the book coming? When's the book coming? Everybody asks us questions everywhere we go. Where's the book coming? Book's here.

[Charlamagne Tha God]

How did y'all know now was the right time?

[Angela Yee]

Well, we've been working on it for two years.

[Charlamagne Tha God]

Okay.

[Angela Yee]

So, you know, it's like putting out your first album. You wanna make sure you know it's right. Like, we've done so much stuff, so like, crazy amount of stuff in a short period of time. We didn't wanna rush the book. Like, it's like a documentary. Like, you know, you gotta take your time with it. So then we kind of figured out what kind of book we wanted to write. So, you know, that whole process we took our time with. So it's been two years in the making and it's pretty much Just like a whole blueprint as far as financial freedom. So we're real proud of it, and it's definitely a hard process. You know, obviously, you do a lot of things.

[DJ Envy]

We spoke to both of y'all, but, like, when you put out your book and we. When you was putting out your book, you had just released it. We would like, trying to get the feedback. Like, what's the process? Like, even if you got an author, you work with somebody, what's the process? Like, so when we went into. It was like, all right, we can expect. We have certain expectations. And I remember you was like, make sure it sounds like y'all. And when we went to the meetings, it was like, this has to sound like it's coming directly from us. And I think we nailed it.

[Rashad Bilal]

I wanted.

[Charlamagne Tha God]

So what.

[Rashad Bilal]

So what is it about?

[Angela Yee]

Is.

[Rashad Bilal]

Do you break down how y'all started and how y'all got together? Or is it more about financial literacy? Or is it both?

[Angela Yee]

Both, both. We talk about, like, how we started the backstory, but it really focused more so on, like. So it's like six different people, and it tracks their journey. It's like a single mom. Somebody had just graduated from college. So it tracks. And then it's like real life situations. Like, okay, this person's credit is messed up. This person needs to get a single family home. So we're teaching, but it's in story format. That's been the whole point of our platform. Right. Like, we highlight people. That's relatable. So it's better than us just like teaching from a whiteboard. So we put it in story format, and it teaches you about crypto, stocks, real estate, credit, but, like, in an entertaining way, because it's in story format, so it's like a pathway for financial freedom. And everything that we talk about, just, like, in a concise encyclopedia type of format.

[DJ Envy]

Yeah, yeah. It's designed for, you know, the audience or the reader to identify with one of those characters. And if you don't, you know, somebody that is identifying with them. But you said we share stuff in there as well. So, like, when we talk about financial trauma, that's something unique to us that we had to experience and go through. And what were the lessons we learned from it? Obviously, being where we're at now, There were mistakes that were made along the way, but we've grown from them. And here are the lessons so that everybody else can learn from them as well.

[Rashad Bilal]

How do y'all break down everybody's journeys different, right? Cause somebody might look at your journey and say, you know what? I'm jumping. I'm gonna do a podcast. And then they'd be like, after six years, they'd be like, I'm not where they at.

[Charlamagne Tha God]

You know what I mean?

[Rashad Bilal]

Or, you know, you see people say, all right, I'm gonna jump on the, you know, on the book thing. And they be like, I ain't where Charlamagne at. So what do you tell people that? Because people like to follow what people do. And sometimes everybody's journey and everybody's path is different. And the success you guys have with podcasts is not gonna be the success of somebody else that's trying a financial podcast. So what do you tell people in that plane when it comes to investing in crypto and things like that?

[Angela Yee]

Investing for everybody. So anybody can invest in stocks. Anybody, you know, can buy real estate. Anybody could do crypto. That's for anybody. Now, business is a little different because you're right, you're not going to have the same success as Breakfast Club just because you're passionate about talking on the microphone so that you have to really dig deep and see, okay, what am I passionate about? But also, how can I help people? That's, that's, that's really our thing is, like, how can you help people? Right? Like, a lot of times people go into business for selfish reasons just to make money. Like, we did that before. It didn't work. So what did work was when we actually had a platform that actually helped people, right? So you got to really look at yourself and say, okay, what am I passionate about? How can, how, what am I talented? That's another thing too. Like, there's a certain level of talent to it. Like, people think that everything is just easy. And it's like, you got to have a level of skill to be successful as an entrepreneur, no matter what you're doing. So that takes a little bit more like self evaluation, working with other people. And then sometimes you don't have to be the main part of it either. Like, you could be part of a business and it's not your business, but you have a great skillset. Like, you're a great tech guy, right? Somebody else is great with ideas. Now you come together and that's a way to kind of be part of a business as opposed to just being the Elon Musk forward facing, ultra alpha entrepreneur, the Diddy of it all.

[Charlamagne Tha God]

Elon Musk is like the Diddy attack. I was just having that conversation.

[Rashad Bilal]

It's funny, they look at you like.

[Angela Yee]

Wow.

[Charlamagne Tha God]

I know where Diddy is.

[DJ Envy]

Now, but I'm talking about, I was.

[Charlamagne Tha God]

Having that conversation this weekend just talking about the whole oligarchs running America. I'm like, oligarchs been running America. Like, Diddy's just a guy. I mean, I said Diddy, Elon, Elon just a guy forward facing with. You know what I mean?

[DJ Envy]

He's forward facing and he's the wealthiest man on the planet. Those two things are very dangerous. Right. And you're talking about having a media platform, having a technology and having a capital.

[Charlamagne Tha God]

He got all of it.

[DJ Envy]

He got all three of those things and he has the political power now. So it's, it's something that we definitely got to be mindful.

[Angela Yee]

Elon and Donald Trump like the same thing. As far as they both are forward facing. They're saying things that people used to say in private.

[Charlamagne Tha God]

Absolutely.

[Angela Yee]

Like, Donald Trump is no different from any other president. But nobody else would say this on Twitter. Elon Musk is no different from a lot of other CEOs, but nobody would say this on Twitter. But that does speak to something that's a disturbing trend because they, they didn't say it before because they knew that it was bad protocol to say it.

[Charlamagne Tha God]

That's right.

[Angela Yee]

It's bad for business now. It's good for business. It's actually helpful for business. So it says a lot about the times now we in. Sure.

[Charlamagne Tha God]

So whose fault is that then? I think when the consumer's appetite changes, you should change with the consumer's appetite. Right?

[DJ Envy]

Well, the problem with the consumer, a lot of them are uneducated. Right. And so they'll support things just because they heard a rally call and it's like, all right, well, I don't know any better. That looks like the right path to go. So I'll support that. When you talk about a guy who runs up $200 billion and didn't sell a car, had nothing to do with that. It just became a belief. We believe in what he's doing, we believe in what he's saying. And to the point where, like I'm a support no matter what. And so now, like you look at the fundamentals of a company like Tesla, well, why is it making money? Right. They actually sold less cars right now. It's not obviously, it's not an automotive company, it's a tech company. But even further than that, it's a belief company that people saying, all right, we believe in him. We believe in the things he's saying. We're championing the things he's saying. We're going to support him.

[Angela Yee]

But even bigger than that, it speaks to racist white ring political agenda that he's pushing. When you look at the uk, he's champion. They about to get this guy elected in the UK and Canada. Like Elon Musk, really a dangerous person because he has a global view of how the world should be and it's extreme right wing. And that's something that is actually helping him because there is, we gotta be honest, there's a lot of racist people and this agenda that he's pushing, these things that he's saying is in line with what Trump is saying, but it's in line with. There's a, like 70% of the new elected officials in the world is right wing extremists from Brazil to, you name it, all across the. So this is something that is beneficial as far as people are championing something that they like, but that's not necessarily something. That's just like a good thing because they're championing ideas. That's white supremacy. And that's obviously not beneficial if you're not white.

[Charlamagne Tha God]

Well, I think people who are on the other side are, you know, people who are not white supremacists. They have to figure out how to use these platforms the way that the right has. That's the guy. I feel like they just haven't adjusted their.

[Angela Yee]

What platforms you referring to?

[Charlamagne Tha God]

All of them. Social media.

[Angela Yee]

We don't own the platforms though. So that's the thing. Like you get kicked off or you eat. Elon Musk is one thing, but let's talk about Mark Zuckerberg. Mark Zuckerberg go any direction that the wind goes. So right now he's doing everything to appease Trump. Everything. But six months.

[Charlamagne Tha God]

That's a business decision though.

[Angela Yee]

It's all about, it's all business. Yeah, yeah, but I'm saying we don't. But they don't have any ownership. That's what I'm saying. Like we're not in control of any of these situations. So we can only go too far. You go too far, you get deplatformed. Nobody's trying to do that. Nobody's trying to just lose money. Who owns all these platforms? Everybody that owns a platform gave money to Donald Trump for his inauguration. I've never seen anything like this. You got Jeff Bezos who owns the Washington Post. He, for the first time in 60 years, they didn't even elect, they didn't even endorse it.

[Charlamagne Tha God]

I think that's the bigger issue. The bigger issue is amplification and suppression that's what I think the bigger issue is because they got these. The voices are there, but they're just being suppressed.

[Angela Yee]

Yeah, but the voices is marginalized because it's on the ground level. They don't have real power.

[DJ Envy]

Right.

[Charlamagne Tha God]

Who you speaking of when you say who?

[Angela Yee]

Any of the voices that you're referring to.

[Charlamagne Tha God]

I'm talking about like elected officials. I'm talking about like other Democratic governors. I'm talking about Democratic senators. I'm talking about people like the vice president when she was running. I'm talking about those. They got huge, huge voices.

[Angela Yee]

No, they had a voice and they got dethroned.

[Charlamagne Tha God]

They got suppressed.

[Angela Yee]

You mean however you want to word it.

[Charlamagne Tha God]

And that's what I mean. Those individuals have to find ways to use these platforms the way the right has. The right has turned all of these platforms into megaphones. Before Trump was in office, before Trump got back in power, they found a way to use these platforms and turn them into megaphones. Democrats got to do the same.

[DJ Envy]

It was forward thinking. Right?

[Charlamagne Tha God]

Yes.

[DJ Envy]

The way that people even like our parents, the way they consume information is a lot different. The way that the voting margin is consuming news. Right.

[Charlamagne Tha God]

Trump didn't do no legacy media.

[DJ Envy]

You didn't have to none. Because he had podcast, he had social media, and he had that generation of people that use that as a platform. So when he's talking about something different was like, we don't own any of these platforms. So when Jeff Bezos owns the Washington Post and they don't endorse anybody that speaks a lot. This is the fourth wealthiest person in the world. Mark Zuckerberg owns Facebook. We're talking about 4 billion people. We don't own that. Right. So, like, how do we have that voice? We Already know what R.E. murdoch is doing with his station.

[Charlamagne Tha God]

Absolutely right.

[DJ Envy]

So, like, if we lose all these media outlets and we don't have control or ownership in any of them, and then we start to see, hey, this guy has now been. He's won the election and you're going to meet with him. His million dollars to the campaign. Here's a million dollars. They're starting to do it. It's starting to feel like they did it in a sense where it's like, we want to make sure that business continues as. As.

[Charlamagne Tha God]

You're right. And it goes back to business. Right. Because if Fox has the highest ratings and Fox is getting the most revenue, what do you think CNN's going to do? CNN's gonna say, hey, man, we a little too left leaning. We got to Start serving the conservative base. I don't know if ms, msm, MSNBC will ever get on that, that same train. But most platforms, that's what, exactly what they did. It was like, yo, these are the platforms that are booming. We need the ratings and revenue too. Let's lean a little bit more conservative.

[DJ Envy]

Well, who's watching those shows? Like who's voting? It goes back to the education process, right? Like who, who was that base, right? Predominantly, if you look at the margins of who's voting, uneducated white folks, right? That's a large base of people. That's a lot.

[Charlamagne Tha God]

It changed a lot this election, though.

[DJ Envy]

It did. We started to see more. And that was the thing.

[Charlamagne Tha God]

You got Latinos now, you got black people, you got women.

[DJ Envy]

Even the issues that they won on, if you know the edge, like when we're talking about inflation, right, we tell, oh, we need prices to go down. If you don't know the education behind that, like, do you know how inflation works? Do you know what price gauging is? And even after Trump won, he said, look, I know people talking about the price of eggs going down, but that's. Prices don't go down once they go up, right? Once people start paying at that amount, that becomes the new price. That's business. If you don't know that and you're like a year later, like, you know what? I'm still playing the same price for my groceries. Yeah, you are, right? But that was the campaign promise that you hear until it's like, oh, wait, what happened to that?

[Rashad Bilal]

But you know Elon, you know, you look at how powerful he is. He was really powerful. If you think about it by just listening, right? Just think about any of these dealerships, right? Or any of these car companies, whether it's Toyota, Ford, you name it. Do we know who runs them? Do we know who owns them? Do we seed them out? No, right? Even with Elon, you look at what made Tesla so big. He listened to people. I want a self parking car, I push a button and parks it himself. You didn't see that before. I want a car that I can control with my phone. You never seen that before. Now when they started, well, not finding him, when they started taxing him, what did he say? You know What? I'm drop $30,000 off all my cars. We've never seen that before.

[DJ Envy]

Move the plan to take place.

[Rashad Bilal]

But somebody could go get a lease for $199. You never see that before.

[Angela Yee]

Elon, Elon's smart, man. Probably one of the smartest People in human history, like, you can't. First of all, he starts PayPal. You don't even know that. So he starts PayPal, sells PayPal for $200 million. Most people get $200 million is over. He actually goes broke because he invests all of that money not into Tesla, into SpaceX. SpaceX didn't even work out at first. Then. Then Tesla came. Now you guys, Tesla, he has SpaceX, which is a private company, but then he has Neuralink, which is a chip that they could put inside your brain. He owns 70 of the satellites in space. So he's very intelligent person. And he started OpenAI.

[DJ Envy]

He's trying to get that back.

[Angela Yee]

But he's dangerous. He's very dangerous. He's a very dangerous person. And the agenda that he's pushing, like, even telling you about this DEI thing, it's disturbing. But you say things enough and people just start to believe it, right? And it's like this attack on DEI is just. Can we curse? Yeah, of course. It's like a politically correct way to say nigga. Really? Because if you think of. There is no D. I. If you think about it, like, there's less than 1% of Fortune 500 companies that have black CEOs. There's 7% of people in tech that are black. That's less than half of the black population, percentage wise. Right. When you look at the wealth gap, it's as high as it's ever been. Right. So where are we seeing we have 1%, less than 1% of venture capital funds, and we manage less than 1% of money? Even though it's been proven that black wealth money managers actually outperform white like Robert Smith. So there's no dei. This whole thing of DEI is just an illusion. But it's really like there's some places in the world where they have permanent underclass, like India, where you can never rise above. And that's just like a caste system. So this whole DI thing that they're pushing, the reason why it's so dangerous is because if they say this enough, what they're really saying is that no black person is qualified for any job that's not just menial.

[Charlamagne Tha God]

We don't want y'all leading.

[DJ Envy]

Yeah, right, Right.

[Angela Yee]

Any job that's meaningful is not. You're not qualified for. So if you have a meaningful job, the first thing they can say is, oh, you only got because you're black. So they don't really want black people to have any. Any level of power, anything at all. And that's something that he's pushing. He's championing that. So why you gotta say, like, okay, you're the richest person in the world. You put $200 million into a campaign, and then you got 200 billion out of it in six weeks, you're worth 400 billion. You're gonna become a trillionaire in five years. So why is it so important for you to push dei? Right?

[DJ Envy]

Yeah.

[Charlamagne Tha God]

You know, it's funny you say, like, people got mad at me because I said last year that these corporate DEI initiatives were bullshit because a lot of them weren't for us, by us. You can't have a bunch of white people sitting around creating DEI programs for us. And that's why they were so easy to get rid of. And I think you guys know, you know better than most. When you have real equity in something, you can't just take it away. And I think that that's what it is. It's a lot of diversity, but it's not real equity.

[DJ Envy]

Yeah, but even that, the when. When we. Obviously, the George Floyd moment was big, and starting that or continuing, when they were talking about allocating hundreds of millions of dollars, who's tracking the money?

[Charlamagne Tha God]

That's right. Where did the money go? It never went.

[DJ Envy]

This is what I'm saying. So when you, like, who's now going to say, hey, we never got the money right? Like, where's the voice? Right? Where is the platform that say, hey, all these people promised this 100 million for Microsoft. Where did it go? What happened to it? How come we never got it?

[Angela Yee]

You can't. You can't control what you don't own.

[Charlamagne Tha God]

Mm.

[Angela Yee]

You can't control what you don't own. It's like leasing. Like, you don't own. Like, you don't own the car. You're gonna give it back. Like, they put these DI initiatives. It's like the record industry. It's like music industry. They give people these record labels. What does that really mean? It's still under Universal. Nobody owns a record label. Nobody owns a record label. It's just distribution that they're giving you as a title. You just a manager. You could be replaced at any given moment. Liquor company, the same thing. Like, all of our billionaires became billionaires because of partnerships. White billionaires became billionaires because of ownership, innovation, different. You see, we've seen what happened with Yay. They could take a partnership away. Now, you're not a billionaire yet. You see what happened with Diddy. You can't take Elon Musk because his ownership he has ownership in the company. It's in the stock market. How many? There's 5,000 companies that's on the stock market. Seven are black. Seven out of 5,000.

[DJ Envy]

And that's a decrease. It used to be 12.

[Angela Yee]

Like, you know what I'm saying? Like this. That's what I'm saying. People don't really look at it from that standpoint.

[Charlamagne Tha God]

It's like, well, when you say take away, they did sever ties with Ye, but they still had to pay him out.

[Angela Yee]

No, but I'm saying he lost his billionaire status because it was tied to Yeezy brand. Right. And Yeezy brand was Adidas, essentially. So he owned 100% of Yeezy, but it was really nothing without Adidas. So when Adidas severed his ties, he's. Because people look at a billionaire, it's not like he had a billion dollars and he's just swimming in it like Scrooge McDuff. Like, it goes by the valuation of your company. So they could devalue your company at any given time. Now they take away $600 million overnight. This is. This has happened two times in the last four years with Black people. Because like I said, our billionaires are not billionaires from ownership. Our billionaires are billionaires from partnership.

[Charlamagne Tha God]

I agree with you 100%. Only reason. I don't like using those two examples. Because they made poor choices.

[Angela Yee]

No, no. But a lot of people make poor choices. But what I'm saying is that you can't erase some of it. Like Donald Sterling, he made a. He made poor choices, but he got.

[DJ Envy]

Richer and made more money.

[Angela Yee]

That's what I got.

[Charlamagne Tha God]

Richer. Sell it. But that's what I mean.

[Angela Yee]

Like, you can't sell what you don't own.

[Charlamagne Tha God]

But Ye sold his portions of Yeezy.

[Angela Yee]

No, you can't sell.

[Charlamagne Tha God]

Remember when he had all of the backlog with Adidas and they had to. They had this merchandise they still had to use.

[Angela Yee]

I'm talking about the actual equity in the company. You can't sell what you don't own.

[Rashad Bilal]

Yeah, he didn't have no choice with that. He couldn't sell a member. He didn't want it released. They released it anyway.

[DJ Envy]

That's just the merchandise.

[Angela Yee]

You got a licensing deal. And I love Yeezy. Like, he's. He's one of my favorites. But I'm just saying, he. He'll probably tell you it was a learning experience. Right? Like, it's. It's all a facade.

[Charlamagne Tha God]

But what do you.

[Angela Yee]

How.

[Rashad Bilal]

How do y'all feel? I got two questions. How do y'all feel when like, you know, all of us were out supporting Diddy, right? When he had the liquor, right, and drink Ciroc and this, that and the other, and then it comes out that he didn't own it.

[Charlamagne Tha God]

You know, he had 30% equity.

[Angela Yee]

His pathway was to ownership. He made a mistake. People were not taking ownership in Ciroc, then the Deleon.

[DJ Envy]

Yeah, but that was. That was a process in itself, right. In order for him to get the first deal, that was part of the stipulations, right. He had to first prove it. And he did it with Ciroc. And people were like, oh. We felt like, oh, he owns that. The next thing was Delion, which he's going to have 100 ownership in, right? So we saw that getting pushed and that led to the loss 50 ownership inside of that. And then the way it was being marketed was a lot different than it was for Ciroc, right? We. When we saw Ciroc, it was like the jet skis. And it was a huge push for that. And when it was came time for Delon, you didn't see that as much.

[Angela Yee]

Right? You see Delion marketed like you saw Sarock marketed.

[Rashad Bilal]

Hell, no.

[DJ Envy]

Just young Miami.

[Angela Yee]

Is that a coincidence? Is that a coincidence?

[Charlamagne Tha God]

See, see, I'mma tell you what. We not being honest, Delon wasn't that good. No. Not only was nobody's tasting.

[Angela Yee]

Nobody's like a connoisseur.

[Charlamagne Tha God]

Drink.

[Angela Yee]

Nobody's like a Casamigos that good.

[Charlamagne Tha God]

No, you drink it to get drunk, though. Like all of that is Amigos got embraced by the culture just like Sorak did.

[DJ Envy]

Why?

[Charlamagne Tha God]

Because Diddy was pushing the money. Oh, I don't know why Casamigos got.

[Rashad Bilal]

Cause rappers put it in their songs, I guess same thing with tequila and George Clooney.

[DJ Envy]

Ran up to a billion.

[Rashad Bilal]

Ran up to a billion. It's kind of when.

[Charlamagne Tha God]

I really don't know why cosmigos got so popular. I don't know why people put in the records.

[Angela Yee]

Put it in the records.

[Rashad Bilal]

But I want to ask you too, right? Chapter 10. You talk about entrepreneurship.

[Charlamagne Tha God]

Was in the records too?

[Angela Yee]

No, but it wasn't the same push that they gave it to Sorak, you.

[Charlamagne Tha God]

Know, that it wasn't like. So you're telling me Casamigos told the.

[DJ Envy]

Rappers to put it in bigger than the rap music. It's about in the shelf life, right? When you go to a bar, when you go to a club, when you go to a fine dining. Is it top shelf? Yes.

[Charlamagne Tha God]

Yeah.

[Angela Yee]

Yes.

[DJ Envy]

Right.

[Charlamagne Tha God]

And then it's all three.

[DJ Envy]

But when you go to. Do you see it? Yeah, I'm talking about deleon. No, you never saw it. Right. It's not being marketed as anything.

[Charlamagne Tha God]

It's disgusting, and nobody embraces it. Okay, how you explain Tito's.

[Angela Yee]

It's a thing called Hidden influence. It's a thing called Hidden Influence. I don't. Look, I don't have to tell you to drink Hennessy, but if I put Hennessy in front of you, if I market it correctly, if I put it in the right situations, subconsciously, you're going to. You're going to start to buy it. One person's going to buy 100 bottles. You see that there's. None of these things are accident. This is done by design. How they push these products is done by design. So, yeah, they didn't push Casamigos, like with a rapper's face on it. But don't think that it wasn't pushed to the culture. For sure. It was definitely pushed to the culture, and as a result, George Clooney became a billionaire off of that.

[Charlamagne Tha God]

Yes. But Dale was pushed to the culture, too. It just sucked.

[Rashad Bilal]

Not. Not like that.

[Angela Yee]

Yes, it did. Not like that.

[Rashad Bilal]

But I'll tell you what. I'll tell you what it felt like happened. It felt like Diddy used his favors for some rock. And you had every rapper doing it, right? Fab just talked about, what is it, Coco Loso, that he tried to trademark it. And Diddy already trademarked it. These rappers did it. So when it came to deleon, you didn't see the same amount of rappers pushing deleon. Like she said, you see young Miami, but outside of that, you ain't see Fab, you ain't seen French, you ain't see.

[DJ Envy]

Nah, don't do that.

[Charlamagne Tha God]

Don't do that.

[DJ Envy]

Don't do that.

[Charlamagne Tha God]

It was nasty.

[DJ Envy]

Or they got game. They saw the game circ and they said. And you saw this. How many of those guys try to create their own liquor brands?

[Angela Yee]

Correct.

[DJ Envy]

Because they wanted to replicate the success. Like when you said, like when people start copycan, that's almost a good thing, right? Sometimes it's a good thing. Like, you want to replicate good business. And so some of those guys said, you know what? We did this for Sarak when we Sarah boys, let's create our own brands. And you saw that. I don't know if it has as much to do with the taste of it. I mean, like. Like you said, most looking at me is disgusting, Right? Like, Hennessy is not the greatest Taste, but as a culture, we consume it, like, at a different level over indexing it. Right. So I don't think it's a taste factor. It really is, like a marketing factor.

[Charlamagne Tha God]

And liquor is good. Hennessy is smooth. Remy is smooth.

[Angela Yee]

Like, what did Jay say? They. They. They drank Bellevue out of. Out of. Just to spite you. Right. Like, so maybe it's a situation of they didn't really realize what was happening with Ciroc. Sorak blows up, then he becomes a billionaire. I'm not supporting this no more. He's already a billionaire. We don't want to see each other win. Really?

[Charlamagne Tha God]

You know, it's interesting what Envy's saying. Envy's bringing this up because of a conversation that happened that never aired.

[Rashad Bilal]

What's that?

[Charlamagne Tha God]

Remember when. Remember when last time Diddy was up here?

[Rashad Bilal]

Are you gonna get.

[Charlamagne Tha God]

Well, I'm just saying that's something I asked Diddy. I said, yo, don't you think it was kind of like, I forgot the word I used, but it's just like, oh, misleading that. You know, when Ciroc came out, we was. We thought you black on. Black owned. Black owned. Yeah. You know, you own 30 equity, which is good, but it wasn't necessarily black owned. And now you're fighting this company because it was not black owned.

[Rashad Bilal]

It's not black owned.

[Charlamagne Tha God]

You volunteered that lie to people.

[Angela Yee]

What'd he say?

[Rashad Bilal]

Can you please take it out the interview?

[DJ Envy]

We had one discussion about this, guys.

[Charlamagne Tha God]

But he did after. He did after.

[DJ Envy]

Perfect time.

[Rashad Bilal]

I wanted to ask too, about entrepreneurship and a beautiful struggle. Right. So you guys have a lot of people that come to you that work a 9 to 5 and want to. To be entrepreneurs. And I always. It always comes back to when Dame Dash was up here and told people that, you know, pretty much you shouldn't work a 9 to 5. You should be your own entrepreneur. What do you say to that? With people coming out, especially with this landscape of what's going on in the world today, what do you say to those people?

[DJ Envy]

I don't think it's one thing or the other. I think it could be both, and I'm a testament to that. So, like, while he was having that interview in 2015, I was a phys ed teacher. Right. 2018, when I think we finally came in contact, or 2019, I was still a phys ed teacher, but I was starting a business. Why? Because I knew that my salary was not going to provide the life that I wanted long term for my family. And so one of the things of being around Entrepreneurs like Rashad and our other part of Mike, I'm watching them create their own freedoms. I'm watching them create their own salaries. I'm watching them being able to create generational wealth on something that they own. I would have worked in that school district for 20 years and that didn't guarantee anything for my kids. And so I always tell people like, your 9 to 5 is your first investor. I looked at the school district like, this is an investor, right? They're getting return on their investment because I show up every day, I'm making sure I do my job. The kids are enjoying it, they're learning. The growth is there. That money that I made, now I got to figure out how I can, number one, invest it. But how can I create business? At the time, earning leisure became that business. And now you got the guy who was a 9 to 5 that now was doing entrepreneur stuff on his break. Like, I'm shooting ads right when shout out to black effect. When we were doing that. I'm shooting those on my lunch break. I'm shooting those in the bathroom. Everything I'm doing is I still got the nine to five, but now I'm having this entrepreneurial journey. Eventually the entrepreneurial journey took me out of my nine to five. And now this is the full time thing. So I'll say this, you could do both.

[Angela Yee]

D Probably, in my opinion, the most impactful interview that you guys have ever done.

[Charlamagne Tha God]

I think it aged terribly. We'll continue. Why?

[DJ Envy]

Why terribly?

[Angela Yee]

Because of who he.

[Charlamagne Tha God]

Because of him, Sort of, kind of. But I think the missing piece of that interview is what y'all do. The missing piece of that interview was the how.

[Angela Yee]

Well, that's the thing. So sometimes you gotta spark the. Damon's a great at saying things but not fully explaining it and then kind of going off the rails sometimes. But he. What he did do in that interview was to get a lot of people focused on entrepreneurship. It was triggering for a lot of people. But it's important. He went to the extreme. But entrepreneurship is important. That's vitally important. And especially in our communities, even most black entrepreneurs don't employ any people. So that's really not. You're not really even an entrepreneur at that point in time. You just are working for yourself. I mean, so as far as the business side of it, for him to kind of say that, it was insightful and I think it definitely got people thinking like on a different level. So to answer your question, I think everybody doesn't need to be entrepreneur, but we do need to Encourage entrepreneurship for sure. And like you said, you can be an employee and have a business as well. There's no job security.

[Rashad Bilal]

No. An entrepreneurship.

[Angela Yee]

No, no, no. And any job really, like, there's no job security. We're talking about. AI is going to take 200 million jobs in the next 10 years. No job that you have, you can just say, okay, I'm just going to work this job and I'm gonna be okay. And even if you do work that job, your wage is going to stay the same. So inflation is going up and wages are staying the same. How? How? This is why debt's going up. Because people is making up for what they're not earning in money and they're putting it on their credit card. So entrepreneurship, like, we always gonna push that. That's very, very important.

[Charlamagne Tha God]

I agree. But y'all always deliver the how to. The reason I say that interview age terribly, because if you watch it with no context and you just watch it.

[DJ Envy]

You like cookies?

[Charlamagne Tha God]

Sure. I want to be my own boss. But how, you know, like, what does that look like? And am I, am I, am I a piece of shit? Because I'm just an employee now.

[DJ Envy]

Right, but that, but that interview was needed, right? Because that sparks two guys from Greenberg, New York that are watching that he's an entrepreneur. I'm working nine to five, and what he's saying, I'm like, damn, there's truth to that. I remember sitting there like, I could work here for 40 years and this school is never gonna have my name on it. What am I leaving for my son? What am I leaving for my daughter? Right? So then, as we're teaching kids in the summer right now, we're putting those lessons in there. Entrepreneurship. How do you create business? Which businesses or which job do you need if you don't have a car? All these things are being sparked from that. So I'm taking the word terribly out of it. I think it definitely is the most important.

[Charlamagne Tha God]

Why don't y'all do that? Why don't y'all, like, revisit that interview? Because it should be like the 10 year anniversary of that. Why don't y'all two in particular. I'm seriously. Revisit that interview and break down the how as he's talking, because I think that would serve a generation.

[DJ Envy]

Yeah. 10 years better.

[Angela Yee]

Absolutely.

[Charlamagne Tha God]

Yeah.

[DJ Envy]

That's an idea.

[Rashad Bilal]

I was gonna ask the title do.

[Charlamagne Tha God]

Ahead right here, right now.

[DJ Envy]

So before y'all. Yes.

[Charlamagne Tha God]

Yeah.

[DJ Envy]

The title of the book is you deserve to be rich, but like less.

[Charlamagne Tha God]

What is your Definition of rich worth.

[Angela Yee]

You know, versus wealthy. Because I want to be wealthy.

[DJ Envy]

That's perfect. Yeah.

[Charlamagne Tha God]

Is that in the book somewhere?

[DJ Envy]

I can figure that out, like, for.

[Charlamagne Tha God]

My kids and, you know, how do I.

[Angela Yee]

We actually had this debate about whether we should use. He wanted to use the word wealthy.

[DJ Envy]

Yeah, I did.

[Angela Yee]

Because I. I know how to. Like, we got to talk to the people. Yeah. And I know rich is a word that we still figuring this thing out. Like, I mean, as far as. As. As a people, what is rich? So you gotta crawl before you walk. Right? So wealthy is the ultimate goal, for sure. But you gotta get rich before you become wealthy. But. Yeah, I know you was gonna say something.

[DJ Envy]

No, I was gonna say exactly that. Right. Like, the first step to building wealth is you got to get rich. You got to figure out what systems you're going to create to make sure that you can have money in your account. That is, number one, you can invest, which is going to help you get rich. And then wealth is something that's forever, and we want everybody to have it forever. But we know that it just takes one person in the family to get rich. Right? So, like, now you become the CEO of your family. Now, how do you allocate that? And that's part of the book, too. It's like, yes, a lot of us in here are CEOs for our families, but nobody has the. The guide to tell us what to do when we're now the CEO. How do you now lend money to your friends? How do you say no to your cousins? Right? Like, nobody tells you how to do anything. How do you now prepare for your children? Right? Congrats. Like, I know you just had a new one. How do you not prepare for your child to make sure that the wealth that you've now created is now passed down? We always talk about wealth and our community, but again, it's all first generation envy. Your first generation, your first. We're first generation. How do we make sure that it gets passed down to your kids? We don't know. Right? How do we make sure that it gets passed down to your kids? Kids. That's generational wealth. That's what we've seen in other communities, but there was never a God. And that's why we came out with the book, because it was like, here's the guide. Here are the steps to make sure that you have sustainable wealth. Not just generational, but sustainable. Because that's the goal, right? You. Your kids shouldn't have to work as hard as you did to get to it. So first get rich and then we're going to be wealthy.

[Charlamagne Tha God]

That's why I believe it's been such a rise of financial literacy in our culture over the last 10 years. That's why the platforms like y'all work or you know, trap or 19 keys, whoever it is, because you got all these wanting to be entrepreneurs because of the Dame interview. But there's no how to. There was no how to.

[Angela Yee]

That's why we came in.

[DJ Envy]

That's why we here. Six this week is in marks six years of earn your leisure and it's encouraging. Six years? Yeah, it was a strong six years. So, you know, hopefully and God willing to be playing more years. Cause there's still more work to do.

[Charlamagne Tha God]

The intro was the American Dream remix, which I find fascinating. Cause how would you define the American dream in 2025?

[Angela Yee]

Yeah, the American dream. We say like the American dream is a lie. Cause it's like the American dream is work hard and you know, have your family. And you know, that's only a recipe for just to be stressed out and to be broke for your whole life. So the dream for me is to be able, like even going back to like what is rich. So people say, like, what's your definition of rich? Like, I feel like when you can live life on your terms, that's a blessing. Like when you can wake up when you want, when you can travel when you want, when you can, you know, go to the restaurant. And I have to worry about how much money you have because you know, you got it. Like, you know what I mean? Like you send your kids to school. Like that's, that's how I look at it as far as like, you know, being rich. Like not just having to worry about day to day struggles and you know, pinching Peter to pay Paul and worrying about how you're going to get enough money to pay rent next week and stuff like that. So that's my American dream. I mean, being able to, being able to employ people, that's important. Like we employ probably 30 people. Like, that's a good feeling, man. It's a good feeling to actually be able to support somebody else's economy. You know what I mean? Like you're responsible for, for them in, in a certain sense as far as how they, how they put food on their table. Like, you know, that's like how we really moving this thing forward.

[DJ Envy]

Yeah, it's a, it's a personal situation for me. Right. Like first generation American parents from Jamaica. The American dream was get the big house with the white Picket fence and have a D. And my parents actually got to it, but they didn't have financial education. We lost that house. I ended up living in a basement. And so, like, the dream has to be remixed because everybody's not starting at the same point, right? Had my parents started with education, who knows? I don't even make it to this point, right? So, like, everybody's dream is going to be different. We used to be pitched that, but we're seeing a lot of different starting points. We're starting. We're starting to see a lot of new innovation. We're starting to see more people that look like us create wealth. So people are creating their realities more than their dreams, right? Like somebody. They just asked us, did you have a dream that it would be like this? No. Who thinks that you're going to create a. A podcast that turns into a media conglomerate that's educating millions about finance? Nah, man. I just wanted to make six figures when I was in middle school. That was it. And this is. We're turning realities, and now people are finding, like, hey, my reality is more important than some of those things I dreamed about. They could be goals, right? But we got to turn these things into reality.

[Rashad Bilal]

I think we said that last time you were here that. That, you know, people's dreams change, right? Because, you know, my. My dad, who's a retired police officer, his dream was to work 20 years, retire, and his son go to college. That was his dream, and he was happy with that. He stays in the same house that he did, you know, 40 years ago, and he's happy. But my dreams change, you know, I mean, and that makes my kids. Dreams change, right. You know, I mean, my kids are. But, you know, I also wanted to go back to something that you said, too. You said, when you get to a certain point, people start to hate on you and people, especially in our community, how do we change that mindset? Right? The reason I say that is my son go to University of Miami and his roommates, they help each other build wealth, right? And it's something I've never seen before. Cause I didn't have those friends I didn't have. But, I mean, first my friends didn't know, but it's something that I've never seen before. I thought I opened up my kids to something I didn't have, but they opened up. My kid paused to something that is way past anything I've ever seen. You know what I mean?

[Angela Yee]

Definitely paused way past anything I've ever seen.

[Charlamagne Tha God]

How do you change?

[Rashad Bilal]

I learned how to pause that, I said, how do we take Charlotte, take.

[DJ Envy]

That out the interview?

[Charlamagne Tha God]

He said, worse.

[Angela Yee]

Honestly, bro. I mean, it's a good question. It's gonna take a generation, honestly, like, we. So it's so much trauma. So much trauma. Like, you know, as far as how we look at ourselves and, you know, it's just, it's really deep rooted and it's, it's. They've done a number on us, man. Even if you go to the continent, like, you know, it's just, it's just, it's unfortunate situation that we find ourselves.

[Charlamagne Tha God]

They've done a number on us and we've done a number on ourselves.

[DJ Envy]

Yeah, both things are true, man. Yeah, both things are true. But it's going. It's going to take a lot of hard work. It's going to take demonstration. Like, the education is important, but it's going to take demonstration. It's going to take me working with you and people watching that. It's going to take me working with Jess and seeing us create business and then replicating that cs. Okay, Like, I want to celebrate your wins. I'm celebrating your wins. We need to see. We're starting to see more of that, like, as people create more businesses that are scalable and that's important to have a scalable business and people champion that. Not just saying, yo, I'm gonna support your clothing line because you're my friend. Right. Really pour into that business. If you can add something to it, figure out a way. But it's gonna take the demonstration of us doing it together. I mean, if we haven't realized that we all.

[Charlamagne Tha God]

We got like, y'all both saying amazing things that I totally agree with. You said something just now. Yeah. If I create a scalable business, you should allow me to scale it. Let me scale it and let me sell it without calling me a motherfucking sellout.

[DJ Envy]

Oh, that's a fact.

[Angela Yee]

Oh, boy.

[DJ Envy]

That's a fact.

[Angela Yee]

I mean, that comes from. It's very complicated issue, but. Well, detour. One of the most dangerous things you can do is help somebody. That's one of the most dangerous things you can do. Because when you. It's never what you didn't do for the person. It's never what you did to a person. It's what you didn't do for them. Right? And this happens all the time in business, in person. And as you climb up the ladder, you see, I'm sure all of you've seen it before. It's like, you help somebody, you try to put Somebody on you try to, you know, you're trying to be a good black person, and ultimately it leads to disappointment because you couldn't do one thing that they really wanted. And then that. Then that leads to them tarnishing your name and slandering you. And like I said, it could potentially end up, you know, getting killed. Rest in peace to Nipsey Hussle. So it's just like, it's so complicated, like, when you. When you really talk about, like, okay, how do we get past this? Cause, like, we have a problem, but everybody has to be number one. That's one thing I noticed. Like, we don't. We have a real problem with that. Like, it's never a shared power type situation. It's never like, okay, I'm comfortable being number two. I'm comfortable being number three. Well, I'm just. I'm in my. I'm running my race. It's like, when you get to a certain point, it's. It's all love until you. Until you get to a point where you're on top or you're perceived to be on top, then that's a problem. Because nobody wants to see a black person on top. Unfortunately, white or black. That's just a fact.

[Charlamagne Tha God]

I agree. And you said something else, too, Rashad, that I totally agree with, and that lets me know the intention is right. That's what I like about the book, and that's why I like what y'all do, period. Cause the intention is always right. You said you got 30 employees. That's the conversation. People don't have enough. How many people are you helping? Or is what you building only benefiting you? If so, it's not big enough.

[Angela Yee]

That's a fact.

[Charlamagne Tha God]

Like, how many jobs are you creating? How much money have you put in people's pockets?

[DJ Envy]

That's the lesson that you hear, right? So every time we get to sit down with somebody from that level of wealth, that's the question. Are you dreaming big enough, Right? Is this, like, how do we make this vision bigger? Robert Smith has said it to us. Steve Harvey said, everybody says the same thing. It should scare you. It really should, right? Like, you should feel like, how are we going to get this done? But the beauty is in the journey of getting it done. Because, you know, it isn't about you. Every day we wake up, we know this isn't about us. There's somebody that is relying on the information that we give to change their life every single day, right? Whether it's from social media, on Instagram, or They watching Market Mondays or they watch Earnest or they watch anything that we put out. They're watching it with the intent that this information is going to change my life. And that's like God work, right?

[Angela Yee]

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[DJ Envy]

New guarantee because most things in life are not guaranteed. Like actually getting the rental car you requested or your wedding turning out just like you dreamed it would. And someone making another pot of coffee in the break room after drinking the last drop of the last one. Yeah, don't get me started. Not guaranteed. In a world where Nothing is guaranteed, AT&T is bringing something new to the table. AT&T is introducing a guarantee with connectivity you depend on, deals you want and service you deserve. Or they'll make it right.

[Angela Yee]

So if you want to know more.

[DJ Envy]

About the AT&T guarantee, head to att.com guarantee AT&T connecting changes everything. Terms and conditions apply. Visit att.comguarantee for details.

[Rashad Bilal]

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[Charlamagne Tha God]

Available Features Compatible device service and consumer activation of Nissan Connect Services package Required use only when safe and legal. Subject to third party service availability. For more information, see nissanusa.com connect legal Apple CarPlay is a trademark of Apple Inc.

[DJ Envy]

Intelligent all wheel drive cannot prevent collisions.

[Charlamagne Tha God]

Or provide enhanced traction in all conditions.

[DJ Envy]

Always monitor traffic and weather conditions what's up? It's Angela Yee and listen up. We've got a movie that's about to light up your weekend. It's called One of Them Days. From the brilliant mind of producer Issa.

[Angela Yee]

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[DJ Envy]

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[Angela Yee]

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[DJ Envy]

And maybe even tearing up a little.

[Angela Yee]

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[DJ Envy]

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[Angela Yee]

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[DJ Envy]

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[Charlamagne Tha God]

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[DJ Envy]

You like that's, that's bigger than us. And you know, it's a great responsibility. But this is what we've been stowed with.

[Charlamagne Tha God]

I want to go back to the DEI convo. Rashad, how do you think a lot of these corporations rolling back on the DEI programs is going to impact black people.

[Angela Yee]

It's gonna hurt. It's gonna hurt. It's gonna hurt. As far as, like, funding for different initiatives or if you try and get sponsors for different events or. Yeah, it's not going to be good. It's gonna hurt. It's gonna hurt. And the only. I mean, you gotta create your own. But that's another thing about being an entrepreneur. You can't take. They can't take it away from you. Like, I mean, as far as, like, the di, they cannot fund it to the certain level. Like us at Invest Fest, right? We do invest first every year. Biggest. One of the biggest events when it comes to business in the world. Not for black people, for any. Any people. We. Our biggest struggle is sponsorships. We don't have a problem getting a list celebrities. We don't have a problem getting 20,000 people. We don't have a problem getting billionaires. We got a problem getting sponsorships. It's going to be even harder. Like, that's just. That's just the reality. So it impacts us on that level, Even though we're entrepreneurs, if we trying to rely on corporate sponsorships. Because they only look at black people as charity. That's just a fact. Like, we have investors. We pitch it to this company. They're like, okay, well, let's. Let's see how this fits in our DI bucket. See, the problem is that. Tell me, they don't look at you as a regular, like, person. So if it was just a regular, if we was a white company, they'd be like, this is just good business. Yeah, black. They don't see 20,000 people. They don't see billionaires. They don't see millions of dollars in the marketplace. They look at this as like, okay, this is a community give back charity initiative. DI initiative. Okay, how can we fund this? Right? Then what they do is they'll have, like $10 million in a bucket for black people. But their marketing budget is $100 million. So that $10 million got to go to you, me, every single person, right? We all fighting for $50,000, 10,000, 25,000. And it comes with all kinds of contingencies. You got to post on social media and do the whole dog and pony show. But it's the same way that we look at Africa. We're doing a development in Africa. We build it in Ghana. And there's a lot of people that was happy for. But some people like, yo, why y'all doing this? Like, you know, the locals ain't gonna be able to afford it. They buy properties in cash. They. People have money in Ghana, everybody's not rich, but everybody's not poor either. But psychologically, when we think about Africa, we only think about potbelly poor begging for money. We don't. We look at the continent as a charitable endeavor only. And that's how we look at. That's how white people look at us in America. They don't look at us as business. They look at us as charity. So that's gonna be taken out. Charity is the first thing that's gonna be taken out. It's expendable, right? Because if it's real dei, if you really like. That's why I don't even like the term dei. It's just business. It's gonna be good business or it's gonna be bad business. Like I said, Robert Smith has a better rate of return than most of the white money managers. So it's like, it's in your best interest to have him manage. Like, it's not okay. I'm just going to give him $10 million because he's black, and it's going to be good for my conscience. He knows what he's doing. He's educated, he's smart.

[DJ Envy]

And he's not the only one. That's what I said. Even, like, the struggles that we have, that perception of, like, yo, y'all at the top. So if we have any struggles, imagine the people who are trying to build on the way up, right? So, like, you know what I'm saying? Like, that's the fight. And we're trying to kick down the door. Black. Same thing. We try to kick down the door so that we can have more people coming through the space, because people are looking at it like, this is viable. I want to have a voice. They have created this different systems other than just the podcast, and they've seen it. But I'm telling you, like, on the other end of this, right, like, we get to the hill and we're looking over and, like, these are the challenges that we're facing. Like, who's going to meet the challenge?

[Angela Yee]

But that's the. This is the hard. This is difficult to express this because if people be like, okay, well, you're a millionaire. You're already successful, nobody's going to have sympathy, right? But it's like, yeah, we have 30 people, but if we were bigger, we could have 3, 000 employees. All of our billionaires are worth 1 billion and 2 billion. You don't find that strange? Jay Z's probably. He's supposed to be worth 30 billion. All that he's done. Sam Bankman free. Nobody even knew of him and he was worth 35 billion. Look at all the stuff that Jay Z's done to be worth 2 billion. Oprah's worth 2 billion. Robert. Like everybody's worth 2 billion. Or 1. Tyler Perry's worth 1 billion.

[DJ Envy]

Rob, Rob ran up to.

[Charlamagne Tha God]

No, I'm not mad at that perspective, but it is. All of this is new for us. You're talking about the people who had a 400 year head start on us. No, no, no.

[Angela Yee]

But what I'm saying is that. What I'm saying is that they don't. There's a glass ceiling that you hit, right? And the general public is not going to have sympathy for it because they just trying to pay their rent. I get it. But it's like Elon Musk is worth $400 billion. But who's the biggest buyer of his products, you know?

[Charlamagne Tha God]

No, I don't.

[Angela Yee]

The United States government. He has more government contracts than almost anybody. Absolutely right. Is that entitlement? Because if it was a black person they would say it was only because of dei. So what I'm saying, he has help. He has helped to get to different levels. You don't get to a billionaire 400 billion by yourself. You need a lot of help. You need corporate sponsorships, you need government relationships. These are things you start to max out. You start to max out. You start to hit the ceiling. If you're black. And like I said, it's like it's difficult to express that to people because they're not going to have sympathy for it. I'm talking about black people complaining.

[Rashad Bilal]

Like, you know, you see it all the time. You see somebody else do it. An invest fest that's white. You see all the sponsorships in the world, right? You see everything. You see everybody from McDonald's to Delta to private jets to all these corporations. But same thing, they'll be like, I will give you 10,000. You're like, you just gave him a million dollars. You see it all the time. I see it.

[DJ Envy]

No questions asked and no proof of concept before the event. We've actually been to that. But I think like what he's saying, even with the ceiling for, for definitely black Americans. Like, like Robert Smith does hit 9 million. But we've never seen somebody surpass double digits in the billions right? In America. Until you go look at who has the wealthiest amount of people in the world of people of color, right? And then you go to the continent and you See, Eliko, dan Goldie, in 2017, he was worth 21 billion, but you never heard about him. Nobody teaches you about him. You actually got to go do your own research. But that could be something that's inspirational for a kid. Wait, he didn't come for sports. He didn't come from entertainment. What did he do? How did he. 21 billion. We never even heard of his name. Right? And then you start going down the list of the wealthiest black people in the world. Top five are all coming from the continent right before we even get to Robert Smith. And so, like, the education part, that's, again, something that they trying to take out of schools, right? They not. They don't want us to know about that. That needs to be taught. That's why, like, this moment and what we're doing is super important because it gives light to those situations to inspire you.

[Charlamagne Tha God]

You got a chapter called Paying the other tax. What's the other tax?

[Angela Yee]

Like, friends, family, you know, black. It's a black tax. Oh, like, you're responsible for that? For our lives.

[DJ Envy]

Y'all know what that is.

[Angela Yee]

You got to make sure that your family's taken care of. You got to make sure that your parents take care. You got to take sure. You know, so.

[Charlamagne Tha God]

Especially now, because you told them they deserve to be rich.

[Angela Yee]

You deserve to be rich on your own.

[DJ Envy]

But that's. Nah, that's a. That's the second edition. But they gotta believe it.

[Angela Yee]

That's enough. But you gotta be careful with that. You know, it's like we talk about having a budget in the book. Like, if you're gonna give money, you can give money, but have a budget. And it shouldn't just be, like, an ongoing situation. Like, if it's irresponsible to borrow money from somebody that you know you can't.

[Charlamagne Tha God]

Pay back, I agree.

[Angela Yee]

But it's also irresponsible to loan money to somebody that you know can't pay you back. Both people are wrong in the situation. And, you know, somebody can't pay you.

[Charlamagne Tha God]

Back 10,000 until next Friday. Like, you ain't never had 10,000 in your life.

[DJ Envy]

How you gonna get it back?

[Charlamagne Tha God]

Why would I give you that?

[Angela Yee]

Exactly.

[DJ Envy]

And then they'll come up with a plan of how they gonna get it back. I'm gonna give you 7% interest over the next three years. I'm like, you don't have a job. How's this gonna work?

[Rashad Bilal]

That make everything go to my mom and pops. Like, if you can go through them, then yeah, but most people can't. Go through them. Cause my mom and pop look like, Nah, I worked hard for them.

[Angela Yee]

You gotta vet the situation.

[Rashad Bilal]

Yep, they vet in the situation, so.

[DJ Envy]

Yeah, but people don't. When we first get into the money, people are watching it. We're still hanging around the same people that we kind of grew up with. Right. Those people maybe have not done the same thing as far as creating wealth for themselves. So they're looking at you like you're the guy they have. Yo, I need something for Christmas for my kids. They're calling you. Yo, my man got. They calling you.

[Rashad Bilal]

I see the craziest idea, you know what I'm saying?

[DJ Envy]

It's the craziest. You're the call. And, like, who prepares you for that?

[Charlamagne Tha God]

I like ideas, though. I don't like just. I'd rather an idea than just a request.

[Angela Yee]

For sure, for sure.

[Charlamagne Tha God]

You know what I'm saying?

[Angela Yee]

Some level of entitlement. Like, it's like, yo, I gave you this whole thing, all right, bro? And then it's like, yo, you ain't. You ain't. You're not gonna invest in my business.

[Charlamagne Tha God]

No, no, no, no, no.

[Angela Yee]

Not respectfully, but they'll take that. It's like, damn.

[DJ Envy]

Like, why not front it on me?

[Angela Yee]

You. I'm not asking you for money. Well, technically you are, but you're not. I respect that you're doing it in a different type of manner, but there's a level of entitlement. Nobody has to give you anything. If somebody does give you something, then you should be grateful for it, and you should execute the best possible way you go about it. But you're not entitled to something just because you know somebody.

[Charlamagne Tha God]

I agree. And the money principle chapter.

[DJ Envy]

You say how you feel about yourself is reflected in your relationship with money. What is the connection between the two? That's your direct quote.

[Angela Yee]

Yeah, for sure. I mean, I feel like if. If you don't love yourself, then you're going to make bad decisions, right? And. All right, so it goes back to a lot of different psychological things as far as. Especially with us. Like, you know, we have an inferiority complex that we never really fully acknowledged. So when you go to Dubai, you don't know who's who because everybody's dressed the same. Everybody dressed the same. You might have a watch. You might. But other than that, nobody knows they. Anybody. They dress modest. Men and women, there's wisdom in that. We have to have a better chain. We got to have a better car. We got to have a better watch because we want to let you Know that we have more money than you.

[Charlamagne Tha God]

Well, stop being so fly, Rashad.

[Angela Yee]

I mean, some things.

[Rashad Bilal]

But like he said, where you come from, out of Miami, you come from is everything, right? You know, coming from Queensland is Queens. Get the money. It's everything. Now, where you guys come from, we got. Now we look at you guys right.

[DJ Envy]

Up in hip hop culture, man, you.

[Rashad Bilal]

Look online, people say, you say, all right, 15 saving, 55% bills, 20 investing. And then I look at some of your outfits, I'm like, they ain't putting 15 people look at that and be.

[Angela Yee]

Like, everything in moderation.

[DJ Envy]

That's an investment. Telling these threats is an investment.

[Angela Yee]

You gotta be balanced. So that's a good thing with us, is that we shook up the game because we kept the culture. That's why it's assets over liabilities. We never said don't have liabilities. But you got to have your priorities straight. Like, you shouldn't have. You shouldn't have more money in bags than you have in the stock market. That's irresponsible. If you're. If you're a woman, you shouldn't have more money in sneakers than you have in the stock market. That's irresponsible. Now you can have sneakers, you can have bags. Because we are flashy people. This goes back to Mansa Musa, like, this just in our DNA. We are flashy, but we've taken it to a level of irresponsibility, right? Like, you don't need 10 chains, wear one. You don't need to have two watches on. Just one watch tells off.

[DJ Envy]

Nah, the two watch movement was crazy.

[Angela Yee]

It's still happening.

[DJ Envy]

They still doing that. Yeah, the two watch movement, it's crazy. But these are lessons, right? That's crazy. They're all lessons, right, that we had to learn. Like, we come up in hip hop, like, even, like down to the title of this book. Like, we was like looking at Nas's album cover and said, yo, that's the font, hip hop. We know there's a starter kit that comes with that, right? Like, and there's a relatability that comes with that when you see it, right? And so when you see somebody walk in automatically, if they have those things, you think wealth until you get around people who are wealthy and they look nothing like that. But. But then there's a relatability from our community. It's like there was a reason why I was wearing Jordans when I was teaching. I knew the kids respected that. Like, that was go. Even though I love wearing Jordans and It was fly. There was a relatability.

[Rashad Bilal]

I wasn't like that other teacher.

[DJ Envy]

I wasn't like the other teacher. They already automatically knew I was from where they from, and they could relate to me without me saying a word. So now when people see us doing, you know, like, well, how we, how we dress and shout out, you know, over indexes on it, but they could. There's a relatability because they've never seen somebody talk about finance. They never heard somebody sound as educated when it comes to business. And it's like, oh, wait, I can't.

[Rashad Bilal]

Relate to the guy in the suit.

[Charlamagne Tha God]

How about at least said that verbatim.

[Angela Yee]

Yeah, I get their attention.

[Charlamagne Tha God]

Yeah, I gotta pull up in the fan.

[DJ Envy]

I gotta do it.

[Charlamagne Tha God]

At least said that we said the role. I think he said fan.

[DJ Envy]

He said rolls.

[Charlamagne Tha God]

Yeah.

[Angela Yee]

So you could do it. Just don't even, like, even in relationships, right? I've been telling people like, yo, the girl you're gonna get with the chain on is the same girl you can get without the chain on, really, to be honest with you, but you don't feel confident in yourself.

[Charlamagne Tha God]

Word up.

[Angela Yee]

That's the insecurity that you have. But that chain is going to lead to you getting robbed potentially. That chain is going to lead to you having to get insurance on it. You got to protect it. You gotta look over your shoulder. Look at, look at. You're gonna end up spending more money than the actual chain cost, right? So it's just like little stuff like that. Like, once you really get secure, it's maturity. Once you get mature, it's like, all right, I just want to just stash the money. I just want to just grow the money. I want to do this. I ain't really. You could do nice things, have nice stuff, but that's not my primary focus. My primary focus is not to get money and just throw it in a strip club. Yeah, it happens. It happens.

[DJ Envy]

That, that principle you're talking about, the largest allocation, and most wealth management don't do this. Investment is the second largest allocation, right? We talk about 55% spending, and that's not for frivolous spending. Obviously, the cost of living goes up. Your mortgage, your rent, your bills, that student loan debt, all those type of things, going to spend it. But the next thing is invest, right? Like, that has to be a principle. We have to look at it like, that's our phone bill. We have to have our brokerage account. We have to invest in the wealthiest companies in the world because we know long term, this is what the wealthiest people do. And this is how we're going to create it for ourselves. The next thing is savings. Because, yes, we need reserves, right. We don't want to go into a situation where like, yeah, we spent our money, we've invested our money. What happens if there's emergency? The first thing you want to do is you go back to your investment and say, all right, well, let me take from that, because it feels like it's discretionary now. That's there to grow wealth long term. Your savings is for your emergencies, if anything comes up. And then obviously, charitably, we want to give back. And I know that's the sharing part.

[Charlamagne Tha God]

The sharing is charity. It ain't just family friends here.

[Angela Yee]

Well, that's charity kind of, if you look at it from that standpoint, too. But can we talk about mental health real quick, please? That's a big part too, that I think we should. We should talk about as far as when you start getting money. Like, it's not really talked about a lot. They should, they should have, like, mental health professionals for people that's just getting money.

[Charlamagne Tha God]

Especially in sports.

[DJ Envy]

100.

[Angela Yee]

Yeah, every aspect. Because there's so many different things that you got to go through mentally that you don't put. You can't prepare yourself for.

[Charlamagne Tha God]

Yeah, I was thinking about that, you know, when I was. I was listening to Mark Zuckerberg on Joe Rogan and even guys like Elon Musk, who prepares them to be multi billionaires with that much power over the world, you don't.

[Angela Yee]

And that's why you just start being Elon and just doing whatever you want.

[DJ Envy]

And try to figure out how to conquer.

[Angela Yee]

Like, even me, like, I, I got an insomnia. I just started getting insomnia. Like, that is, like, bad.

[Charlamagne Tha God]

Like, I mean, like, I'm making so much money he can't sleep.

[DJ Envy]

Trauma's real. It's not. And it's not a conversation that's had.

[Angela Yee]

Right?

[DJ Envy]

Like, how many times have you talked about financial trauma at. In your household? That's not trauma is not even something just regular. Like, we're not talking about. Right. You speak a on that all the time. And I think it's important. But financial trauma is important too, right? Like, we, we grow up saying, save your money, save your money, save your money. The wealthy do the opposite, right? They invest, they invest, they invest, right? We talk about, hey, let's create a business account or open a bank account. We go to check cashing, right? We put money under our bed. This is. These are trauma responses Right. There's obviously somewhere we don't trust something either it's the system, the banking system. We don't trust ourselves with the money, or we're trying to. We don't want people to know we have it. That type of trauma never gets spoken about. And it's real. You know what I'm saying? These are real things that are happening on an everyday basis. But the first thing is to understand where the trauma comes from, which is the recognition part. How do we overcome it? How do we change that?

[Angela Yee]

And then you start seeing weird shit like why white billionaires have infatuation with gangster rappers. That's weird. That's weird.

[Charlamagne Tha God]

The music is good.

[Angela Yee]

No, no, Sean, why are you sleeping on the music?

[Charlamagne Tha God]

The music slaps.

[Angela Yee]

No, it's one thing to like a music, but I'm just saying. All right, if. If you're a white billionaire, right, and you appreciate black culture, I can appreciate that. But if you only surround yourself with rappers and entertainers, well, that tells me that you don't really value black culture.

[Charlamagne Tha God]

Give me some examples.

[Angela Yee]

Give me some examples. You only value black culture from an aspect of their hair to entertain you. Because if you really value black culture, you would have Tamika Mallory there. You could have the senator from X, Y and Z.

[Rashad Bilal]

So you're not going to a Michael Rubin or a white party?

[Angela Yee]

No, it's not about that. But I'm just saying.

[DJ Envy]

Damn, there goes.

[Charlamagne Tha God]

I don't know why we do that to Ruben. I think Ruben.

[Angela Yee]

Nah, it's not Mike Rubin. It's a lot of people, though. It's a lot of them. It's a lot of them. Or they might not be billionaires, but they close to it. It's a lot of them. And it's weird. And it's weird how the rappers look at them. Cause they would never do that for a black billionaire.

[Rashad Bilal]

Well, you know what? Like what the little baby tell you about when you ask him about people saying he's always around. Mike Rubin in your YouTube, he gives.

[Angela Yee]

Them information and all that.

[Charlamagne Tha God]

Information and investment.

[Angela Yee]

No, no, I appreciate. I'm just saying that, okay, if you're a white billionaire, you have nothing in common with Ty$sign. You have nothing in common with a gang member from Compton. You have nothing in common, right? So what I'm saying is that, okay, you appreciate this music, but if you embrace black culture, embrace all of black culture, because then it starts to look weird. And now you start to just put on a pedestal, which some would deem the worst parts of elements of our Culture and you're highlighting it and you're, you're amplifying messages. That's not beneficial. So it's like. And like I said, I mean, if you're a black, you looking up to somebody who has more money than you, I can appreciate that because they're giving you information. But it's weird too. Like, you know what I mean?

[Charlamagne Tha God]

Like, I wonder if it's the white person's fault or is it our fault for making. Making that so cool.

[Angela Yee]

It's both. Donald Trump. This is how Donald Trump became popular. He used black culture and he got filthy rich off of it with real estate and all of that too. But I'm saying that's how he became like real celebrity. And then he turned and did a 180.

[Charlamagne Tha God]

Because nobody told these rappers to mention Donald Trump and all they records. Nobody told these rappers to put the name songs after it.

[Angela Yee]

Go. It goes both ways. It goes both ways. It's predatory practice.

[Charlamagne Tha God]

That is Kanye hugged him in the White House and said, you're like my dad.

[Angela Yee]

Yeah, but Kanye, no Kanye. Slayer.

[DJ Envy]

Can we stop?

[Angela Yee]

No, Kanye.

[DJ Envy]

Go back to the 80s though, right? Like there's this up and cominging fighter from Brooklyn who's tearing up the. The scene, right? Who decides that he's going to manage him?

[Charlamagne Tha God]

Don King.

[DJ Envy]

Donald Trump. Donald Trump first.

[Charlamagne Tha God]

I don't remember that.

[DJ Envy]

Yeah, go look it up. So he, he manages him. He decides that leg. You're up and coming. In fact, you're gonna fight at all of my. All your fights are gonna be where?

[Rashad Bilal]

Atlantic City, down at Trump, right?

[DJ Envy]

So he, he already sees, like, here's the entertainment, here's the culture. This guy we got.

[Charlamagne Tha God]

Is that not good business?

[DJ Envy]

I'm not saying it's not.

[Angela Yee]

If it's. Look, it's a difference between having good business and using something as a marketing strategy to boost your valuation. And you really have no infatuation with the situation at all, or you're only hyper focused on one particular area. That's a question that needs to be asked because it's a pattern that continues to happen. And when it's. It's. It's happened at least 20 times over the last 15 years with different people.

[Charlamagne Tha God]

You're not wrong. But I see it both ways. And I'll tell you why.

[Angela Yee]

They're not hip hop. They didn't grow up and they're not hip hop. They're not like.

[Charlamagne Tha God]

No, but there's a lot buying.

[Angela Yee]

I'm not buying it.

[Charlamagne Tha God]

No, I agree. But it's all about what we choose to make cool. Because there's a lot of billionaires that like to be around y'all now because the culture made y'all cool. And it's the same thing with the artist. It's the same thing with the athletes. So it's really kind of up to us, like, what do we make cool in our culture?

[DJ Envy]

Yeah. I think what separates us is and shout out to everybody that we've gotten information from, but when we get information, we giving it back to y'all.

[Charlamagne Tha God]

That's right.

[DJ Envy]

Like, that's the first. Right. We're not just sitting there like, yo, because we want to look cool. We want to go to your party. Nah. What's the information? Like, give it to us in a real time so we can disseminate it and give it back to more people to help them. And don't hug me from the back.

[Charlamagne Tha God]

But like you said, they were wrestling jets. It was wrestling.

[Rashad Bilal]

Like you said, it's what makes my business cool. You know what I mean? I could own any type of business, but when you're part of it, it makes it cool.

[Angela Yee]

Right.

[Rashad Bilal]

Let's think of jerseys, right? We've never owned any jerseys, but we always made it cool with jerseys and selling out when Mitchell and Ness. I don't even know who the owner Mitchell and Ness was. I've never seen that guy in my life.

[Charlamagne Tha God]

And he made it cool.

[Angela Yee]

He's not wrong.

[DJ Envy]

Same guy you just talking about.

[Charlamagne Tha God]

But also with y'all, Eyl. Having billionaires at Invest Fest helps Eyl.

[Angela Yee]

No, no. But it helps the culture too, though.

[Charlamagne Tha God]

But I'm saying, so why would two cool black dudes want to hang with corny ass dudes?

[Angela Yee]

What I'm saying is that we have a wide spectrum of everybody.

[Charlamagne Tha God]

Mm.

[Angela Yee]

We've talked to rappers, we've talked to astronauts, we've talked to the vice president, we've talked to CEO of companies. We've talked to literally every single spectrum. Every single spectrum. We're not just only focused on rappers because we're business platform. That would be weird if we were a business platform and the only requirement to get on our show is that you had to be a rapper, you had to be an athlete, then that. That's questionable. It's questionable, right?

[Charlamagne Tha God]

Yes, to a certain extent. The only reason I say to a certain extent is because they have to be introduced. Because we're not putting these people on. We're not put, like, I love Tamika Mallory. We try to amplify Tamika every chance we get. You know, like, Tamika got The podcast with Black Effects. You got. I got books with Black Privilege Publishing. My.

[Angela Yee]

Do a better job of researching. You're a billionaire. You got, you got. You worth $100 million. You got research department. Do a better job of researching because you researched this person who was a no name rapper from Mississippi who had a buzz. You, you researched this person.

[Charlamagne Tha God]

It doesn't have. But okay, you're right. But doesn't it have to be beneficial to both parties though?

[Angela Yee]

But that's what I'm saying. What is the beneficial part of it? You're leeching off of a culture. Right. How is that beneficial? Who's it beneficial for? Somebody is. If somebody is using your culture to benefit themselves, who's that beneficial for? For? You said, you said it's beneficial for both parties. How is it beneficial for. For the other party? Where's the other party benefiting from?

[Charlamagne Tha God]

Well, in the. I'm only using this one example exactly. In the case of.

[Angela Yee]

I don't want to keep saying Mike.

[Rashad Bilal]

That's the one that we know.

[Charlamagne Tha God]

But in the case of, hey, yo, meek. $200,000 invest in this. You'll get your biggest return. Which he did in lids. Yo, Meek, let's start this before I saw what happened with your situation. Let's start this thing called reform and let's help get other black men and black women out of prison.

[Angela Yee]

Which he did. 8 million. How much did Mike Rubin's valuation go up?

[DJ Envy]

No. From 2012 to 2024, how much you think it would have?

[Charlamagne Tha God]

Oh, like, I think it was like 4 billion.

[Angela Yee]

It was a lot.

[DJ Envy]

Tried 26 billion.

[Charlamagne Tha God]

It was 26 billion.

[DJ Envy]

He was worth 7 to 8 billion then. He's worth 30 something now. Should I be wrestling?

[Charlamagne Tha God]

So you think that's. Do you think that's just because of his association with hip hop culture?

[Angela Yee]

It helps. What I'm saying is Elon Musk, did.

[DJ Envy]

You know him prior to that? Did you know who he was prior to it?

[Charlamagne Tha God]

No, I didn't know who was.

[Angela Yee]

Elon Musk put $200 million into a political campaign. That's a lot of money.

[Charlamagne Tha God]

Absolutely.

[Angela Yee]

He made 200 billion from it. It's a good investment. Who really won? Who benefited? Who benefited from that situation?

[Charlamagne Tha God]

Both Elon and now. Donald Trump is President of the United States of America.

[DJ Envy]

Well, he's already been president.

[Charlamagne Tha God]

And Elon's gonna continue to benefit. Cause Donald Trump, they got that Doge shit now, which is supposed to clean.

[DJ Envy]

Up and make your own shit up.

[Charlamagne Tha God]

Clean up government regulation. Exactly. Making up shit. He's gonna make it easier for him to do business all over the world.

[Angela Yee]

Donald Trump was gonna win with or without Elon.

[Charlamagne Tha God]

I don't know about that 100%.

[Angela Yee]

No. April. I went to, I went to D.C. in April when Joe Biden was still running, spoke to the head of the Democratic Party coalition, whatever. They asked me how I felt about the situation. I said, there's no way that Trump loses. I don't see it. There's no way that Trump loses. There's no way.

[Charlamagne Tha God]

But you know why you felt like that? Because over the last couple of years, when Elon Musk started to shift the, the narrative on X and started to amplify so many different right wing talking points and having the largest media platform in the world with X, you couldn't compete with that.

[DJ Envy]

He's not even the largest media platform, but he had the foresight to say, I need a media platform. And once I got it, I'm taking it private.

[Angela Yee]

But I'm just saying, I just felt, I'm talking about, just on Instagram, just black people talking about black people in the barbershop. They like, I'm rocking with Trump.

[Charlamagne Tha God]

Last two years. They amplified conservative messaging.

[Rashad Bilal]

Nobody liked Joe Biden.

[Charlamagne Tha God]

And Joe Biden was like, yeah, nobody like Biden. I agree with that. He was done.

[Angela Yee]

So Trump was favored to win regardless.

[Charlamagne Tha God]

Yes.

[Angela Yee]

So Elon helped the situation, but did he really get him elected by not.

[Charlamagne Tha God]

He helped a lot.

[Angela Yee]

I think he helped.

[Charlamagne Tha God]

He helped a lot. A lot, Rashad.

[Angela Yee]

So you don't think he would have got elected without Eli if he was running.

[Charlamagne Tha God]

If he was running against Biden?

[Angela Yee]

He won every swing state, bro.

[Charlamagne Tha God]

Yeah, I'm not disputing that. I'm just simply saying we can't act like Elon did.

[DJ Envy]

You saying because of the messaging, it helped him?

[Charlamagne Tha God]

Hell yeah.

[DJ Envy]

I mean, Fox is a conglomerate that has just as many people.

[Charlamagne Tha God]

X is bigger than Fox.

[DJ Envy]

So when you on social media, no.

[Charlamagne Tha God]

X is bigger than Fox, period.

[DJ Envy]

In terms of what?

[Charlamagne Tha God]

Viewership, distributing news easily and. Yes.

[Angela Yee]

Well, it's a social media platform. All right. Okay. Elon Musk, right inside. If you just thinking like how he would think, do you think that he really did this because he wants to champion Donald Trump, or do you think he did this because he wants total control and do whatever he wants and he sees the pathway to become a trillionaire?

[Charlamagne Tha God]

The latter.

[Rashad Bilal]

All of the above.

[Charlamagne Tha God]

No, no.

[DJ Envy]

The latter, Absolutely.

[Charlamagne Tha God]

No. Yeah, absolutely.

[DJ Envy]

I think he believes he's. He's Tony Stark in real life. Yeah, all of the above.

[Charlamagne Tha God]

Eli would. Eli does not care about Donald Trump in any way, shape, or form.

[DJ Envy]

So that's the only way to try to throw a curveball is to try to separate them from each other. Right. Try to figure out how. They could say disparaging things, but I don't see it happening.

[Charlamagne Tha God]

But then it'll just be another. Another wealthy, rich man who will come in and donate money to the Republican Party. Like, it's just wild to me. Like, everybody's acting like Elon is the bad guy in this situation when this has been happening in American politics forever. Elon's just the person showing his face. George Soros just got a medal of freedom two weeks ago, guys.

[DJ Envy]

Remember when he was the boogeyman, the Koch brothers.

[Charlamagne Tha God]

Remember when George Soros was the boogeyman for American politics? He just got a medal of freedom from Biden two weeks ago.

[Angela Yee]

He did it at the highest level. Elon did it at the highest level.

[Charlamagne Tha God]

That's usually what happens. That is, somebody shows you the way and you come along. That's usually what happens.

[Rashad Bilal]

They got a book out right now.

[DJ Envy]

Oh, yeah, they do.

[Charlamagne Tha God]

This is part of the book.

[Rashad Bilal]

You deserve to be rich out right now. Make sure you all get it. When is the next Invest Fest?

[Angela Yee]

August. We ain't announced the date yet, but we'll be back this summer. Atl?

[Rashad Bilal]

Yeah, in August.

[Angela Yee]

One of the producers said, if you're.

[Charlamagne Tha God]

Looking for a man, come to Invest Fest.

[DJ Envy]

Is that true?

[Angela Yee]

Oh, yeah. It's a great thing. As far as, like, women, it was a whole thread on. It's a whole thread about, like, women trying to find, but vice versa, too. Yeah. You gotta think about it. Who comes to invest for? People that want to get their stuff in order, people that already has their stuff in order, People that's entrepreneurs, people that's invested, people that's responsible, people that's.

[DJ Envy]

Looking for a life partner.

[Angela Yee]

So, yeah, that's. That's the wave right there. We might have a speed.

[DJ Envy]

We have another communities in more way than one. Yeah.

[Charlamagne Tha God]

But before we go to my last question, one guest that we'll never get to see on eyl, which I. Which I just think is a travesty, is the late great Nipsey Hussle. But y'all did the conclusion in the book Loaded Bases, One of my favorite Nipsey records. Break that down.

[Angela Yee]

You know, Nipsey Hussle was somebody that was a great inspiration for us and somebody that we targeted. We wanted to have Nipsey as like, a. When we first started, and unfortunately, you know, that couldn't happen. But it's just crazy how life works because we develop such great relations with every single person. Like, saying his brother saying, like, that's really my brother. Like, I call him when the fires, I'm like, are you good? Like, that's bro. Like, Lauren London came to invest fast. Kobby supreme, his whole entire team, like Dave Gross, everybody. And they all said the same thing. Like, yo, if Nips. If Nip was here, he'd be right.

[DJ Envy]

Be right here.

[Angela Yee]

He wouldn't just do an interview like, y'all would have something.

[Charlamagne Tha God]

He loved you. Absolutely.

[DJ Envy]

Yeah.

[Angela Yee]

I meant a lot. It meant a lot to kind of incorporate him in. In the. In the book in some way, some somehow his legacy. Because he played a part too, as far as the entrepreneurship wave. Like, there's been a few people. Rick Ross, he champion entrepreneurship.

[Charlamagne Tha God]

Absolutely.

[Angela Yee]

Nipsey Hussle, champion entrepreneurship. Jay, of course. Jay Z, That's. That goes without saying.

[DJ Envy]

Dame Pop, all these people.

[Angela Yee]

So Nitman, you know, just a great mind and just somebody who. I used to listen to his interviews more than I listen to the music. I listen to the interviews. I'm like, damn, like, this dude is really smart. Like, he gets it. Like, talking about cryptocurrency, talking about ownership, ip, all that type of something. Like, he not like he was college educated, like, off the street. So, yeah, Rip the nit, man. Definitely one incorporated him.

[DJ Envy]

I'm glad you caught that man, because that hip hop is still who we are at our hearts. And so having Loaded Bases as one of the chapters is one of those things. Having an A side and a B side, it was one of those things. Having Illmatic's font was one of those things. Just because of the music means so much to us, and those people meant so much to us that we figured out, look, yeah, this is a book about financial education, but, like, nah. Hip hop at status Cool. And that was our way to pay homage to those people.

[Charlamagne Tha God]

I do feel like y'all next book should be about more of the financial trauma and just, you know, mentally how being broke and being rich can impact you. Because, you know, we've mentioned a couple of people here today, and it shows me that if you don't do the work on yourself, you know, your talent can't take you or your character can't sustain you.

[DJ Envy]

True.

[Charlamagne Tha God]

So that's why it's important to do the work.

[DJ Envy]

Yeah. Angie just asked a question like that. She was like, do y'all feel the pressure of being at this level of success? And when I went home, I thought about I'm like, right, yeah, we, we already have certain characteristics. We're going to be financially disciplined. But like, nobody ever is thinking, like, hey, at some point, what if you go broke? Like, the pressure of trying not to go broke once you got it, that's a real, a real thing. That again, nobody talks about. But we've seen it happen over and over and it's a sob story. But nobody cares for you, right? They waiting for you to come back down. So, yeah, pray for all our millionaires. Pray for everybody that's building business and trying to create wealth for themselves and their family. All right?

[Rashad Bilal]

And there you have it.

[Charlamagne Tha God]

You deserve to be rich, master the inner game of wealth and claim your future. Eyl, Rashad and Troy, man, appreciate y'all.

[DJ Envy]

Always, man. Thank you.

[Charlamagne Tha God]

Always. Great conversation.

[DJ Envy]

Appreciate y'all.

[Angela Yee]

Thank you.

[Rashad Bilal]

That's right, it's the Breakfast Club. Good morning.

[Charlamagne Tha God]

Wake that ass up early in the morning. The Breakfast Club.

[Angela Yee]

The new year is here and I'm trying to keep things simple this year. One thing to help me keep things simple is Amazon Prime. It's the cheat code to stay in, locked in on whatever you need. It's not just fast delivery. Prime's a whole experience from Prime Video and Amazon Music to Prime free one day delivery. It's got everything to keep my year stress free. Watching Thursday Night Football. Prime's got you with the same day snack delivery. Want to chill after the game? Find a movie on Prime Video and kick back with some Amazon music. Whatever you're into, it's on Prime. Visit Amazon.com prime now @&t has a.

[DJ Envy]

New guarantee because most things in life are not guaranteed. Like getting through self checkout by yourself. Not guaranteed in a world where Nothing is guaranteed. AT&T is bringing something new to the table. AT&T is introducing a guarantee with connectivity you depend on, deals you want and service you deserve or they'll make it right. Learn [e-mail] guarantee@&t connecting changes everything. Terms and conditions apply. Visit att.comguarantee for details.

[Charlamagne Tha God]

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[Angela Yee]

Jon Stewart is back in the host chair at the Daily show, which means he's also back in our ears on the Daily Show Ears Edition podcast. Join late night legend Jon Stewart and the best news team for today's biggest headlines, exclusive extended interviews and more. Now this is a second term we can all get behind. Listen to the Daily Show Ears edition on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.

[DJ Envy]

I'm Jason Alexander. And I'm Peter Tilden and together our mission on the really Know really podcast is to get the true answers. Tell life's baffling questions like why the bathroom door doesn't go all the way to the floor, what's in the museum a failure? And does your dog truly love you? We have the answer. Go to reallynoreally.com and register to win 500 a guest spot on our podcast.

[Charlamagne Tha God]

Or a limited edition sign.

[DJ Envy]

Jason Bobblehead the Really no really podcast. Follow us on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.