INTERVIEW: John Hope Bryant Talks Dream Forward Event, Trump Tariffs, Financial Literacy, Economic Growth +More

Summary

Podcast Summary: The Breakfast Club – Interview with John Hope Bryant

Episode Title: INTERVIEW: John Hope Bryant Talks Dream Forward Event, Trump Tariffs, Financial Literacy, Economic Growth +More
Release Date: April 4, 2025
Host: The Breakfast Club (DJ Envy, Charlamagne Tha God, and others)
Guest: John Hope Bryant, Founder and CEO of Operation Hope

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1. Introduction to John Hope Bryant and Financial Literacy Initiatives

John Hope Bryant joins DJ Envy and Charlamagne Tha God to discuss critical economic issues, focusing on financial literacy, the impact of tariffs, and strategies for economic growth. The conversation kicks off with Bryant introducing the Green Socks Day, a nationwide initiative aimed at promoting financial literacy during Financial Literacy Month.

[02:06] John Hope Bryant: "This is Financial Literacy Month... I’m asking everybody to put a sock on and talk about financial literacy on April 30."

Bryant emphasizes the collaboration with major sports leagues and corporate partners to amplify the message and engage a broader audience.

2. The Impact of Trump Tariffs on Homeownership and Consumer Prices

Charlamagne raises concerns about the economic environment shaped by former President Trump’s tariffs, questioning their long-term viability and impact on homeownership.

[02:40] Charlamagne tha God: "With the tariffs, they’re saying the price of materials are gonna go up... What would you advise people to do if they’re looking for home ownership at this point in their life?"

Bryant responds by advising listeners to "ignore the noise," labeling the tariffs as short-term distractions that could ultimately harm consumer spending and the broader economy.

[02:40] John Hope Bryant: "Ignore the noise. This stuff... Washington’s going to have to pivot. This is a capitalist democracy... we need the whole country to come together."

He elaborates on how tariffs, when used as prolonged economic strategies rather than temporary measures, can function as hidden taxes on consumers and businesses, leading to increased prices and hindered economic growth.

3. Understanding Tariffs and Their Economic Implications

Bryant breaks down the concept of tariffs, explaining their short-term efficacy versus long-term consequences.

[04:34] John Hope Bryant: "A tariff is a tax on American businesses and American consumers... The importer of the thing pays the tax."

He highlights that while tariffs might temporarily make foreign goods less attractive, they ultimately increase costs for American consumers and businesses, potentially stifling economic progress.

[05:34] Charlamagne tha God: "So you think this is a short term."

[05:36] John Hope Bryant: "Yes, but there's no planning. There is no strategy that the administration has followed to ensure these tariffs lead to sustainable growth."

4. Economic Stimulus and Inflation Concerns

The discussion shifts to the massive stimulus packages passed during the pandemic, with Bryant critiquing their role in the current inflationary pressures.

[13:36] John Hope Bryant: "We've never had a trillion dollars of stimulus by any government ever... So how do you think, how long you think it’s gonna take for that to work through your transmission system."

He attributes the inflation not to policies of former President Biden but to the unprecedented scale of stimulus funding, which disrupted the balance of supply and demand.

5. Strategies for Financial Empowerment and Wealth Building

Bryant advocates for personal financial empowerment as a hedge against economic instability. He outlines practical steps for listeners to build wealth irrespective of governmental policies.

[20:32] John Hope Bryant: "We can do this ourselves. Become homeowners. That's $800 billion separate from the $750 billion."

He recommends actions such as increasing credit scores, securing term life insurance policies, creating wills, and utilizing earned income tax credits (EITC) to enhance financial stability and generational wealth.

[21:32] John Hope Bryant: "If you have a surviving mindset, you're at a significant disadvantage. Your ability to hustle has no value in a growing, thriving economy."

6. Operation Hope’s Dream Forward Event and Inclusive Economic Plans

Bryant introduces the Dream Forward virtual town hall, designed to foster financial inclusion and bring together diverse leaders to create actionable economic plans.

[35:21] John Hope Bryant: "Dream Forward. A virtual town hall on financial inclusion... We have a business plan for Black America, Latino America... full transparency."

He highlights the event’s inclusive lineup, featuring political leaders, business executives, and community activists, all collaborating to develop comprehensive financial strategies for marginalized communities.

7. The Role of Artificial Intelligence and Future Economic Opportunities

Addressing technological advancements, Bryant underscores the importance of AI literacy as essential for future economic participation and resilience.

[50:29] John Hope Bryant: "If you can master artificial intelligence, everything’s going to change... This stuff is changing underneath our feet."

He warns of job displacement due to automation but also points to the vast opportunities AI presents for those who adapt and acquire relevant skills.

8. Closing Remarks and Call to Action

In his concluding statements, Bryant reaffirms his commitment to empowering communities through financial education and strategic planning.

[47:10] John Hope Bryant: "This is our time... a positive plan and we're going to leap."

He urges listeners to participate in the Dream Forward event, leverage available financial tools, and embrace a proactive mindset toward economic challenges.

[54:02] John Hope Bryant: "I can’t guarantee that being positive is gonna make you succeed, but I absolutely guarantee you that being negative is gonna make you fail."

Notable Quotes

• John Hope Bryant [02:06]: "Rainbows only follow storms. You cannot have a rainbow without a storm first."

• John Hope Bryant [05:28]: "The only way a tariff works is if it’s short term and tied to negotiating something from whoever you're trying to extract something from another country."

• John Hope Bryant [13:39]: "That part. And I said it ain't on purpose because there's never been in the history of the world, there's never been a trillion dollars of stimulus by any government at any time ever."

• John Hope Bryant [21:32]: "When people are afraid, be greedy. When people are greedy, be afraid."

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Conclusion:
In this episode, John Hope Bryant provides a comprehensive analysis of current economic policies, emphasizing the critical role of financial literacy and proactive financial strategies in overcoming systemic challenges. He advocates for community-driven initiatives and highlights the importance of adapting to technological changes to ensure sustained economic growth and personal financial stability.

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Resources Mentioned:

• Green Socks Day: April 30th, promoting financial literacy
• Dream Forward Event: Virtual town hall on financial inclusion
• Operation Hope Initiatives: Financial education programs, credit score improvement, homeownership assistance
• Earned Income Tax Credit (EITC): Financial benefits for eligible low-income workers

For more information and to participate in upcoming initiatives, visit Operation Hope.

Transcript

[Jeremy Scott]

Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley season one.

[Gilbert King]

Every time I hear about my dad is, oh, he's a killer. He's just straight evil.

[Jeremy Scott]

I was becoming the bridge between Jeremy Scott and the son he'd never known.

[Gilbert King]

At the end of the day, I'm literally a son of a killer.

[Jeremy Scott]

Listen to new episodes of bone Valley Season 2, starting April 9th on the iHeartRadio app.

[John Hope Bryant]

App.

[Jeremy Scott]

Apple Podcasts, or wherever you get your podcasts.

[DJ Envy]

Wake that ass up early in the morning.

[John Hope Bryant]

The Breakfast Club.

[Charlamagne tha God]

Morning, everybody. It's DJ Envy. Just hilarious. Charlemagne the guy. We are the Breakfast Club. We got a special guest in the building.

[DJ Envy]

Yes, indeed we have.

[Charlamagne tha God]

John Hope Bryant. Welcome back, brother.

[John Hope Bryant]

My honor to be here.

[Charlamagne tha God]

How you feeling?

[DJ Envy]

I'm blessed if John Hope Brian is here. That mean that there's some good things going on in the world? First of all, you came bearing gifts or bad?

[John Hope Bryant]

Bad.

[DJ Envy]

But at least the things that are bad you can explain, especially when it comes to some financial stuff.

[John Hope Bryant]

Rainbows only follow storms. You cannot have a rainbow without a storm first. Scientific fact, actually, but let's, let's, let's.

[Charlamagne tha God]

Jump right into it. I was actually thinking about you the other day.

[DJ Envy]

Shout out to these socks. First of all.

[Gilbert King]

Socks.

[Charlamagne tha God]

Yeah, he brought some gifts.

[John Hope Bryant]

So Walmart made these for us. This is Green Socks Day. You can go online and get them. They're April 30th. Uh, we've got the NBA, NFL. Thank you. Roger Goodell, NASCAR, hockey, major leagues Baseball, Major League Soccer. I think that's all of them. We have all of them. It's never happened before. All the sports leagues are behind Green Sox Day. So every. I'm asking everybody to put a sock on and talk about financial literacy on April 30. Do something on financial literacy. Tag Green Socks Day on your social media. Highlight a post. And NASDAQ is going to feature the best post on his big board here in New York on April 30th. And the in the 10 top posts, we're going to fly them to New York City, let them ring the bell. The New York Stock Exchange. So this is the way, you know, people are arguing over black and white, red and blue. Can we just agree on some green?

[DJ Envy]

That's why the stocks are green.

[John Hope Bryant]

That's why they are. Absolutely. Yes. We want the whole country to come together on April 30th. And this is Financial Literacy Month, by the way.

[Charlamagne tha God]

Okay, now, I was saying, I was thinking about just speaking of the country with all the tariffs that Trump is putting on the country, Right. And you know, people are looking to purchase their first homes or all that. What would you advise people to do? Right? Because they're saying, with the tariffs, they're saying the price of materials are gonna go up in price. They're saying the price of cars and the parts are gonna be shooting up. What would you advise people to do if they're looking for home ownership at this. This point in their life?

[John Hope Bryant]

This is going to seem schizophrenic in my advice. I'm telling you in advance, ignore the noise. First of all, this is just noise. Just like DEI was a distraction. Like, why are we arguing over dei? We're fifth on the list. Why are we the poster child for tei? Right, but that we. They wanted us to be the poster child. Somebody did. Somebody wanted black people to be. Because that triggers racial overtones and all that other kind of stuff. It wasn't even our fight. This is not our fight. This is somebody else's problem at the moment. This is like hitting if you want to get in a fight. This is like hitting your face on my fist if you want to fight. That's what this is. This country is 70% consumer spending. Sorry. The biggest economy on the planet. America. We're 25 of the global economy. We're 40% of global wealth in the world. We're big ballers at 808 billion people. There's only 350 million people. But we lead the whole world. But 70% of the economy, it's not rich people. It's not big business. It's you and me paying for car notes and mortgages and going to get some coffee, which didn't work outside. You know, it's little stuff. Was the car service that brought me here. It's a breakfast that we had this morning. So this economy can't succeed without us succeeding, first of all. So this party ultimately will pivot back to what's going to drive the economy, because this is a capitalist democracy. Big C, little D. It's a free enterprise democracy. So I tell people, ignore the noise. This stuff. If it's not working, Washington's going to have to pivot. There's a strategy in Washington. I was with the Secretary of the Treasury a couple days ago, who I actually like. I think he's actually a decent guy.

[DJ Envy]

Please break that down because I need to know what the strategy is. I don't understand it.

[John Hope Bryant]

Well, no, no, I didn't say I understood it. You gone too far.

[DJ Envy]

Okay, okay.

[John Hope Bryant]

I said, first of all, I said I like him and he and I are going to work together on financial literacy. We don't, you know, we're not going to agree on everything. I was with him for an hour. I didn't break, I didn't address this issue because his boss has already made up his mind. And, and I know, I didn't want to put him in an uncomfortable situation, ask him questions that he can't answer. This has to play itself out. I mean, the country's having one big colonic, right? So it's going to take as long as it'll take. I don't think it's going to take very long. You and I talked about this and either he's right or he's not. The only way tariffs work and I could break down what a tariff is, by the way, because most people don't understand it. Only way a tariff works is if it's short term and it's tied to you negotiating something from whoever you're trying to extract something from another country. If it's your long term strategy in a country that is consumer spending, it's a disaster because it's a tax on you. And me. I'm getting ahead of myself.

[Charlamagne tha God]

So you think this is a short term.

[John Hope Bryant]

First of all, let me ask this question to yours.

[DJ Envy]

Go ahead.

[Charlamagne tha God]

You do the tariff first because that goes into mine.

[John Hope Bryant]

This is really important for your audience. I mean, because people run through these titles and I did, I did a podcast on money and wealth last week. It went through the roof. Just explaining like normal terms that people recession and tariff and inflation. No, but people assume people know this stuff. Who's teaching anybody financial literacy? You're not dumb and you're not stupid is what you don't know. That you don't know is killing you. But you think you know. A tariff in as simple as I can describe it is a tax on American businesses and American consumers. So this concept of I'm going to. You hit me. You're a China, you're by the way, Russia didn't get a tariff. Interesting. You're Russia, you're wherever India. You hit me, I'm a hitch it back. No, a tariff might, because the cost of the thing has gone up might mean we, we find Chinese goods less attractive. We find Indian goods less attractive because what costs a dollar now cost A$80. So maybe we say I don't want any more of that. But the importer of the thing pays the. Pays the tax. Hard to get a straight face. The import. The American business pays the tax. At the duty station. And what does that import are going to do? What is a big company going to do when they get hit with higher prices that are no fault of their own?

[DJ Envy]

They increased it, they raised.

[John Hope Bryant]

It's common sense. This is a radical movement of common sense. They pass that on to you and me. So our prices of everything in the is going to go up. Unless in a month he changes his mind again, which he's apt to do, and says I was just kidding. Now let me go one step further and tell you how this, the only way this could have worked. If he's saying he wants to promote domestic production, he wants to bring everything back home. Fair argument. Although American manufacturer, you're very good American manual as a mattress manufacturing hub of old school manufacturing ended in the 1970s. That's why there's more poor whites in America than poor anybody else. Because they had a high school education hustle and the jobs that they were doing walked away. In 1940, 1950, Detroit was the richest city in the world for automotive. In the, in the world richer than prayers, richer than everlasting. That was one of the poorest because the business plan for manufacturing walked away from America. It went to places that were cheaper. Now we can be America, we can be a manufacturing center today, but it's gonna be high tech manufacturing to be artificial intelligence and robotics, which you need education for. Back to the story. The only way this would have worked is that the president said, you know, a year before he left it, get all the bankers together, get all the Fortune 500 companies together. Hey look, you guys, I'm going to be president in a year. Just believe me. What I need you to do, go to your boards, go to your governance committees at the boards. Go to your bankers who allocate capital. Go to Wall street, tell them I'm coming and tell them to put capital aside for manufacturing at home. Also because I'll have terrorists also I need you to go to Staten Island. I need you to go to little towns in Cleveland. I need you to go to Detroit, wherever and cut deals for land. I'm just breaking this down, right? And, and get the cities to support you. And we, by the way, you're gonna need, if you're gonna AI, you're gonna need a bunch of energy to fuel these AI factors. You need to get some, you know, electricity and water things generated. I need you, I'm going to give you a year because it's going to be tens of billions of dollars in investment. And know that I'm committed to this My whole presidency. This is a new America and the CEOs go, okay, we're with you. We want to bring this back, by the way. What's, what's, what's in it for us? And he has these economic models. It shows blah, blah, blah, over a period of time. This is going to be short term pain, long term game. Okay, none of that happened.

[DJ Envy]

Damn.

[John Hope Bryant]

So there's no way. Look, I'm not for, against. I'm just saying I like math because it doesn't have an opinion. I'm just saying Stevie, my friend Stevie Wonder can see this. None of this is going to work long term because there is no planning.

[Charlamagne tha God]

So do you think this is a ploy for Trump to get what he wants? You think it's a short term play and not a long term play when it comes to these tariffs?

[John Hope Bryant]

I didn't say I understood it. I said I was going to explain it. Look, he's been talking about terrorists since 1980. Yeah, night go to interviews of him from 1980s. He's obsessed with it. I have no idea where he got this from. It's like new math. My calculator works pretty well. Unless he is the most intelligent being on the planet. Unless he has a whole new way of viewing economics. I just don't understand it. I'm pretty good at it. I just don't understand. That's why the markets are in the tank. That's why, you know, CEOs are scratching their head but no one wants to say anything. Because you don't want to get on his bad side. Look, I want him to win. I'll say it. He's my president. Whatever. The election's over.

[DJ Envy]

That's right.

[John Hope Bryant]

He's my president. I want him to win. Because if he wins, we all win. If he loses, we all lose. So we. This, this, you know, trying to wish him well and going to Louisiana, hitting, getting a little, one of those little dolls that time. I hear all kind of stuff. No, no. Pray for your president. Pray for your country. We're all in this thing together like real talk. But, and, and here's my way of thinking, talk without being offensive, listen without being defensive. And always leave even your adversary with their dignity, because if you don't, they'll spend the rest of their life working to make you miserable. It becomes personal. You got to step over mess and not in it. He is the President of the United States of America. He's, as you can see from the executive orders, he's incredibly powerful. He's not a king, but he has incredible power and we're going to see that some of the stuff he's doing is a bridge too far, it's going to get reversed. But, but he has incredible power with the pit. So we need to walk delicately here. It's a interesting relationship. I was in a relationship years and years ago. Luckily I have a wonderful wife. J. When I was a kid, I was in a relationship with somebody who was emotionally immature, which didn't say much for me. I picked her, but it was like an emotional hand grenade, but I was already in it and I had to really be careful how I put that hand grenade back down on the ground so it didn't explode and tear me up. This is where we are. We have to be very delicate about this situation and we have to find some way to help him feel like he won. Like I don't know what it is, but whatever, in the next 30 days, next 45 days, this is not sustainable. We got to give him some out the country, other leaders the way he feels. Yeah, my terror strategy won. Otherwise this economy will slow and your prices will go up. You already had inflation from the pet. Let's clear something else though. It's too late for this. Biden created inflation. Ridiculous. Completely, completely wrong. In fact, it was Trump. Then the Republican, Democrat, Congress and BIDEN Everybody pass 5, 6 trillion dollars worth of stimulus during the pandemic. So the economy didn't stall because the economy was going to stall when everybody was in their houses. Because it's consumer driven economy. And that plus the Federal reserve, there's about 6, $7 trillion, actually more like 9 that when the economy, that's where the inflation came from. When you have an imbalance of supply and demand. So you have too much supply money, not enough demand. It inflates the cost of things to.

[DJ Envy]

All the stimulus checks and the PPP loans. Everybody loved that part caused inflation.

[John Hope Bryant]

That part. And it ain't going away. And I said ain't on purpose because there's never been in the history DJ envy in the history of the world, there's never been a trillion dollars of stimulus by any government at any time ever. And we did 9 trillion let that sink in. So how do you think, how long you think it's gonna take for that to work through your transmission system. So of course we're lucky we don't have 12 on inflation. We're lucky we don't have 18 unemployment. Like what Biden should have done. He should have come in and said I'm gonna be president for four years. I'm your dude. I'm gonna stabilize everything. I'm gonna drop the mic, I'm gonna bounce. I'm only here for four years. That's what he should have done. He should have said that up front and been done with his legacy. Would have been fan. But you get in that office. I've been an advisor for three US Presidents. It's intoxicating, that power. That power is intoxicated. You don't want to leave.

[Charlamagne tha God]

Let me ask you a question. Do you think the government will.

[John Hope Bryant]

So yes. You should buy a house, by the way. Don't change your game, don't change your plan, change your mind. This is, this noise is going to ultimately go away. Three things have never gone down in the history of America. Gdp, gross domestic product, real estate's values in stock market values, they've gone up. There's a recession, it corrects above the line. After the recession it recedes. Recessions recedes and then corrects above the line. Every time somebody makes an emotional decision, it's a bad one. Poor people sale in bad times. What did Warren Buffett say? When people are afraid, be greedy. When people are greedy, be afraid. Okay, you're about to say.

[Charlamagne tha God]

So I was going to ask you, I was going to say, you know, with that type of thinking, the prices of everything are going to go up, right. In the next couple of months, we assume. Right, because building costs are expensive.

[John Hope Bryant]

Interest rates might come down, by the.

[Charlamagne tha God]

Way, metals and all that. Right, you said what about interest rates?

[John Hope Bryant]

They might come down.

[Charlamagne tha God]

Interest rates might come out. Same thing with costs, which the President.

[John Hope Bryant]

Is banking on, by the way.

[Charlamagne tha God]

So if somebody buys these houses and these properties or they buy these cars or they buy these materials and the prices are up. When this game that we're thinking that he's playing, which is a short term game, changes back in a couple of months and he takes these tires off and now those goods are less money you bought when it was high.

[John Hope Bryant]

Does that hurt, help affect what you're assuming the goods are going to come back down in price if the tariffs.

[Charlamagne tha God]

Come off, shouldn't it?

[John Hope Bryant]

You're assuming that the price is going to back down. Greed is an interesting thing. You know, there were, during the pandemic there were container companies, the ones who put the stuff on ships, because we're all run through international trade. But by the way, 25% of the US economy is international trade. So there was container companies who were found to be gorging, gouging prices for no good reason. The prices had. Yeah, temporarily There was a not enough of them and the prices went up. But then when they kept the prices high because it was, you know, layering their pockets. So. Ambassador Andrew Young says that men and women fail for three reasons. Arrogance, pride, and greed. And greed is the oldest thing on the book. The only time Jesus Christ ever got upset was when he turned the table over the money changers in the temple. That's the only time he got upset. So I think that because we're the biggest economy in the world, because it's consumer spending, because capitalists ultimately want to win, prices will come down to meet the demand of the consumer. But it, it's not going to be like flipping a switch. And what, what somebody, somebody in Washington thinks, in my opinion, that if you trigger a mild recession, this is. I don't agree with this. You trigger a mild recession, you can blame it on the other guy. I don't agree with that either. I hope this is translating to your audience. When I say the other guy, you blame it on the other guy, not the current president. You then get the Fed to lower interest rates, which, by the way, helps wealthy people like me, but doesn't help the average everyday person. And then the economy booms and you're golden for midterm elections. Some people believe that. I just don't think that that's rational. And I think the timing is going to be all messed up. Even if that did work, I don't think it's going to work. Here's the problem. The White house. I've known nine US presidents. I've known 12. I've worked with 12 secretaries of the Treasury. I've been an advisor for three US presidents, both parties. I've been honored by five from both parties. I've never seen a White House where 99% of people are either centimillionaires or billionaires, the advisors. Now, again, I'm very wealthy, but I go to the hood once a month.

[DJ Envy]

Once a month?

[John Hope Bryant]

Yeah. Intentionally. I tell my driver, wherever I'm at, take me. Take me to wherever the hood is. And if they're all freaked out, I want to see it. I want to see how we live in. I want to see those check cashes, payday loan lenders. I want to go. Get out and go into a grocery store, a convenience store. I want to listen. What's up? I want to listen to the. I want to get in the Uber driver. You know, I want to get in the taxi.

[DJ Envy]

You want to talk to the people people talk about but never talk to.

[John Hope Bryant]

That's Right. So if you are a Center millionaire, 100 million. If you are a billionaire, you've been taking private travel for 20 years. Now when I go through, I do Delta, but when I go through with a coach for all hundred thousand Delta employees at Operation When I was on Delta yesterday, now they pick me up at the curb, do that whole thing so it feels like private. But by the way, I had to like three months ago, the something happened. My greeter wasn't there. I had to go through the airport term. I was traumatized.

[DJ Envy]

Cut it out, John.

[Charlamagne tha God]

Traumatized.

[DJ Envy]

The carry on bag, John.

[John Hope Bryant]

Oh my God. No. I was like, where are all these people? Where are these people at? Where they coming from? What they doing? What are these kids screaming? Why is this lady in here taking her clothes off? No, I'm just saying I think it wasn't. At last. My point is that I'm pretty normal. And I still took me a minute to readjust to being in an airport terminal because I hadn't been there in months. Imagine if you've been taking private planes your whole life or the last 20 years. I'm not hate. I love it, by the way. Oh, one day I have a private plane. Somebody else pay for it.

[DJ Envy]

You have. The people have no idea what's going on.

[John Hope Bryant]

That's right. You've never been to a grocery store. That's right. You've never been to a gas station. You haven't been to a bus station. It's impossible.

[Charlamagne tha God]

You should fly Southwestern Spirit one time.

[John Hope Bryant]

You'll get. No, I'm good. But it's impossible to make policy for the average person if you don't understand.

[DJ Envy]

You'Re not connected to them in any way. And that's what I wanted to talk about. Like I love the conversation we're having, but I want to put some boots on the ground with it. When you talk about these working class people, the average everyday person living check to check, just trying to pay their rent, just trying to buy groceries. What should they do in regards to these tariffs? Like could you tell, you know, you're telling everybody else just to be cool and silence the noise. They don't have that luxury.

[John Hope Bryant]

Oh no, this is our time. I mean, you can't fall from the floor. Black folks, we've been and brown folks, we've been doing so much with so little for so long. We can almost do anything with nothing. I mean, a crisis for us is Tuesday.

[DJ Envy]

That's right.

[John Hope Bryant]

We've been dealing with crisis. I mean, we wake up in crisis. This is actually our Asset and our problem. Before now it was just our problem. I wrote my last book is financial literacy for all which by the way, thanks for helping me launch is still number one a year later in business finance. Not black, just black history or something. It's business finance in the world. But two books before was a book called the Memo. And in the Memo I said basically there's something is what we don't know that we don't know. No one gave us a memo on how the economy works. And I said there's three types of people. There's a surviving mindset. There's a thriving mindset. There's a winning building mindset. Wealthy people talk about their ideas. Poor people talk about other people. So if you have a surviving mindset that the glass is half empty, not half full, it's the same glass. But whether you believe you can or whether you believe you can't, you're right.

[DJ Envy]

You're right.

[John Hope Bryant]

So to your point, in a normal environment, the surviving mindset is at a significant disadvantage because your ability to hustle is com. Has no value whatsoever. Your ability to avoid a bill or avoid a 1, 800 number. Was it Chris Rock said I don't know about a 1, 800 number. I'm not answering the phone. As a bill collector, our ability to maneuver the system has no value in a growing thriving economy. You got to build something, buy something, do something, roll with something, understand something. But when things are tough, you that, that understanding is actually an asset. So now we need to take that understanding, pull it forward and start doing basic stuff. Go get yourself a term life insurance policy. You can get it for 10 bucks a month, for a 50 if you're in good health. 25,000 $50,000 policy. As little as $10 a month. Because I don't, I don't know how long you'll live, but I dang sure know you're gonna die. So you, so there is your generational wealth. For a hundred bucks a month, if you're in good health. A million dollar policy. DJ A million dollar policy. There's your generational wealth right there. Go get you a term life insurance policy. Create a will. My mother said she had a little p. A little inner wheel. She worked an hourly job for 32 years and she bought and sell, sold in seven homes. She had a credit score of 854 when it went that high, that high. She died. She had a million dollar net worth in her will was a poison pill. Anybody who did who, who pushes back on his will is deleted from it crickets. Nobody said anything. But my mother worked an hourly job, had a million dollar net worth, which means anybody can do it. So she had a will, she had a life insurance policy, she got her earned income tax credit. So what's that? Anybody listening to this who make less than $60,000 a year get EITC. If you make $38,000 a year, you listen to this and you're in a town anywhere and you have three children, the government owes you $6,500 cash. If you never filed, it's retroactive for three years. Or anybody listening to this who makes $40,000 and goes, what did he say? You have a check. So that's three children. No, no. In other words, anybody makes $60,000 or less, you get a check. The less money and the more kids, as long as you're working, the bigger the check.

[Charlamagne tha God]

Gotcha.

[John Hope Bryant]

So the sweet spot. 38, $40,000, three kids. But if you have $45,000 and one kid, you still get a check. And one out of four Americans who qualify for EITC never ask for it. That's $20 billion a year. That's not going away. Got you child tax credit. Local. Everybody needs to become like it. We need to become nosy. Everybody's reading the Constitution Bill of Rights right now. Like what's these executive orders. I want you to learn about financial literacy. Now this is your time to surge whatever the city programs are, the state programs, the federal programs, banks do down payment assistance for poor, poor people. DJ envy. In fact, the worse it gets, the more the, the more the banks want to dig in. So a bank, fdic Insured bank. If you can get your credit score up and we can help you do that at Operation Hope. And that's the other thing you need to get your credit score up. The banks will give you $10,000 in a grant plus under market mortgages. So even though the mortgage for a rich person might, like me might be six and a half percent used to.

[Jeremy Scott]

Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley Season one.

[John Hope Bryant]

I just knew him as a kid.

[Jeremy Scott]

Long silent voices from his past came.

[John Hope Bryant]

Forward and he was just staring at me.

[Jeremy Scott]

And they had secrets of their own to share.

[Gilbert King]

Gilbert King. I'm the son of Jeremy Lynn Scott.

[Jeremy Scott]

I was no longer just telling the story. I was part of it.

[Gilbert King]

Every time I hear about my dad, it's, oh, he's a killer. He's just straight evil.

[Jeremy Scott]

I was becoming the bridge between a killer and the son he'd never known.

[Gilbert King]

If the cops and everything would have done their job properly, my dad would have been in jail. I would have never existed.

[Jeremy Scott]

I never expected to find myself in this place. Now I need to tell you how I got here.

[Gilbert King]

At the end of the day, I'm literally a son of a killer.

[Jeremy Scott]

Bone Valley Season 2 Jeremy.

[John Hope Bryant]

Jeremy, I want to tell you something.

[Jeremy Scott]

Listen to new episodes of bone Valley Season 2 starting April 9 on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts and to hear the entire new season ad free with exclusive content starting April 9th. Subscribe to Lava for Good plus on Apple Podcasts.

[John Hope Bryant]

Be I had a. I got a two. I got a 2.7 mortgage. I'll never. I'll never get rid of that one. But you can't get that anymore. But for community reinvestment act CRA you might get it for 4% 5% plus you get a ten thousand dollar down payment assistance grant that's only available to the lease of these God's children. But we don't know about it. So I just now covered homeownership earned income tax credit is your down payment maybe for homeownership financial get your credit score up. We have this meeting on April 4th. Tomorrow actually.

[DJ Envy]

Dream forward, we're gonna talk about it.

[John Hope Bryant]

And we have a business plan for black America, business plan for Latino America, business plan for women, a business plan for Asians, a business plan for Native American Indians. I wrote them a business plan for poor whites, rural America. I wrote all the plans. And in one plan it shows that if you rely on the government, black people first of all, if you do nothing, our net worth will be zero by 2053. Not poor people, everybody. If black Americans do nothing. But what we're doing right now, just chilling. Net worth by 2053 is zero. If we rely on the government, which we've been obsessing about since the Civil War. Understanding the Civil War. Understand Reconstruction. Understand the Civil Rights movement. Understand the second Reconstruction. I don't understand. Now we are all up, uptight, worked up about what's going on in Washington. Let's assume they get a deathbed conversion and they decide they love black people overnight. They're gonna give us welfare. It was give us reparations, everything.

[DJ Envy]

That's not gonna happen.

[John Hope Bryant]

But no but it's worth 300 billion to a maximum of $600 billion. Now hold that number by 2053. That's only 25 years from now. If you raise your credit score 100 points. Black people have the lowest credit Score on average in America, 620. Which means half of us wake up in the morning locked out of the free enterprise system, can't get a decent car loan. You go to the car dealership, you get a Mercedes 18 interest. It's not a Mercedes, it's Mercedes payments. And it breaks down in four months. Because the number way, one way they make money is maintenance and finance department. They don't even make any money selling the car. They wait for you to bring it back. Financial literacy. But if you get your credit score up 100 points, that's $750 billion by 2053, that's $150 billion more than the best estimate of the government's assistance. And we can do that by ourselves, become homeowners. That's $800 billion separate from the $750 billion. That's 1.5, give or take trillion dollars. And that doesn't even require the government. We can do this ourselves. There's another trillion dollars on buying businesses. Am I going too far too fast?

[DJ Envy]

They got to do their research, they got to listen.

[Charlamagne tha God]

But break it down is, you know, there's tears when it comes to credit. So like when you see somebody going to a car dealership and they're trying to buy, he said a Mercedes, it's a mercy dealership.

[John Hope Bryant]

Right.

[Charlamagne tha God]

A mercy note. So if Your tier is 4 or.

[John Hope Bryant]

5 or 6, forget about it.

[Charlamagne tha God]

Your credit rate, if your car is usually $400 a month, it's going to be 1100 dollars a month. But if you have tier one credit, you probably have to put down less money. And your Note is only 4 just based off your credit. Same thing with homeownership, same thing with credit car, whether It's Nordstrom, Sears, JCPenney, Macy's. So that's what he's saying as far as the tiers when it comes to credit.

[John Hope Bryant]

Yeah. Let's go one step further. The places where we grow up, check casher next to a payday, loan lender next to a rental owned store next to a title lender, as in the title of your car. Yep. Pawn shop, liquor store, liquor store right there. Church down the street. The church. Your local therapist, they try to make sure you don't go cray cray once a week. Make sure you don't go postal on Monday. Right. All right. And by the way, poor white, same thing. You go to a poor white rural neighborhood, check, cash or payday loan lender, rental store title in the liquor store, they just church, they just pray differently. They quiet and we loud.

[DJ Envy]

Oh, we forgot about the fried chicken spot too. Yeah, the curry.

[John Hope Bryant]

Yeah, fast food. By the way, you live to 61 years of age. I mapped every zip code in America by credit score. You lived at 61 years of age in a 500 credit score neighborhood. You lived at 81 years of age, 15 minutes apart in a 700 credit score neighborhood. You live 20 year longer life because of your credit score. And it's not about the credit score, it's the trending indicators. Underneath that hope, well being, faith, confidence, belief, optimism. What disease is often disease?

[DJ Envy]

Yeah. Keep your stress levels down.

[John Hope Bryant]

Keeps your stress level. So again, surviving mindset. Do you have a surviving mindset? Just stressed out. You're full of anxiety. If you hang around nine broke people, you'll be the tenth. You're up, you're, you're toe up from the flow up. You're gonna die early and you're eating bad food. So this is a game, man. What did Malcolm X say? We've been bamboozled. We've been tricked. We've been fooled. We've been hoodwinked. Here's one for you. Everybody wants to start a business. I love that. I've got this thing called One Million Black Business Initiative. Shopify put up $130 million after George Floyd's murder. They just announced they're putting up another 60 million to help me get to 190 million because they can't be happier with all the businesses that are black businesses are now on the Shopify platform. It's not. DNI is good business. By the way, the president of Shopify speaking at the Martin Luther King Dream Ford initiative, Harley Finkelstein. It's business for them. Which is the, which is what we want now.

[DJ Envy]

Inclusive economics.

[John Hope Bryant]

Inclusive economics, which you helped me pioneer by the way. So, so okay, so stick with that for a minute. So we got all these business people, they want to be business people now they want to start a pizzeria or something and I need $50,000. You do a GoFundMe or whatever it is and you hustling it's in the bank won't give you the money. They want you to personally guarantee your house. All this stuff, it's easier, it is easier for somebody to go to Wall street, which is where we are and get financed a 20 million dollar business with non recourse debt, which means you don't personally guarantee it than it is to start a pizzeria with a hundred thousand dollar loan from the bank. Now that doesn't that to your audience. Sounds absolutely crazy. Let me break it down. We have the first generation, our generation, where you're going to have more people over 65 than under age than under 18. These are white wealthy baby boomers all trying to go retire and play golf at the same time. So there is A, there's about $400 trillion of wealth in the world. About 180 trillion of that is in the. 180 trillion of that is in the United States. About 50 trillion of that was created since 2020. I'm trying. This is, this is a ridiculous numbers. 50 trillion of that was just created in the last 25 years. These baby boomers made a crapload of money. They're balling billionaires sent to millionaires. They want to go play golf, they want to enjoy their life. They want to be on their yacht. God bless them. They're all leaving the stage at the same time. 40% of this country is now black and brown. That's why everybody's nervous. By the way, black and brown, these are the new interest of the economy. Within 10 years it'll be a majority of minorities. By the way, a third of the economy is women. $7 trillion. So it's black, brown, women. Right. Some people are nervous about who's taken over. This is a whole nother conversation. But this is fueling political, the political environment, by the way, in my opinion, which is what you're seeing in Washington. Go back to the numbers. So now what's happening with this trade? The $100 trillion worth of worth a wealth. DJ Envy is about to transition through inheritance in the next 10 years. The wives and the husbands and the kids wants the stocks, the bonds, the cash and the houses. They don't want the businesses. They're like oh no, I'm good. I don't want, that's, I don't understand it. I don't want to do it. I want to go enjoy my life. First generation makes it, second generation spends it. Third generation loses. But don't mind me with the facts. I've already made up my mind. I want the cash. That means there's about $15 trillion. Please, audience, listen to this. This is making smart sexy at on scale. There's $15 trillion of profitable successful branded real estate having client having nothing wrong with them. Businesses that nobody wants go buy them. They've, they're already cash flowing. There's nothing wrong with them except the, the kids and the family don't want them too comfortable. I don't know what it is, but it's an opportunity that's so I think I started this by saying rainbows after storms. You cannot have a rainbow without a storm first. Don't look at a problem as a problem, look at it as an opportunity. All capitalism is is solving problems. So yes, it's going to get tight. We used to type, black folks are born on probation in America. You gotta be twice as smart, twice as intelligent, twice as well dressed, get up twice as early, stay up twice as late and work twice as hard and hustle and get no credit for it. Okay, what else is new? This is, this is our life story. Everybody else is not used to problems. They're the ones are going to be dropping off a one story buildings. We got to counsel our white friends about. Calm down. This is gonna be okay. So I'm actually quite optimistic about the future.

[Charlamagne tha God]

So what are you doing this weekend? You're doing something special this weekend, correct?

[DJ Envy]

Dream forward. A virtual town hall on financial inclusion. That's why I love John because he always has a solution. He's not one of the people that's just always constantly talking about problems and trying to profit off the problems. He's creating solutions to the problems.

[John Hope Bryant]

Yeah. So dream forward. Thank you. Dream forward. Which you're, which you're involved in. And I would love to have all of you involved in, by the way, because you're all voices for this generation. This is, this is a meeting between Republicans and Democrats. We have Senator Raphael Warnock, who is a fifth chap pastor of Ebenezer Church and a Democratic senator. We have Mick Mulvaney, former chief of staff for Trump. We have the Black Pope, Bishop T.D. jakes. We have the man who was on the balcony with Dr. King, Ambassador Andrew Young. We have Dr. King's daughter, Dr. Bernice A. King. She's a great person. We've got the Mayor of Memphis, Paul Young, who's black now, by the way. We've got the CEO of Walmart. We've got Doug McMillan who's co chair of Financial Literacy for all, which is doing the Green Socks day. We by the way, we can talk about if you want Di. I'll be happy to talk about that as well. People have misunderstood that as well, in my opinion. We've got a brother, Killer Mike. Killer Mike. T.I. van Jones. I'm just going off the top of my head here, Ray McGuire of Lazard to sign a Duckett who runs a two trillion dollar company called TIAA Cref, which is, that's basically pension funds. All your pension funds and investments accounts are probably with Tia Cref. It is an amazing lineup. I just talked to Dr. Ben Chavis is morning. He. There's 100 delegates, founding delegates of Mark Morial, the National Urban League. Everybody who you think of or may or may not have known, known about who is at the top of the mark. They're going to be there. In fact, we just announced yesterday the dropping the drop the mic keynote. To walk out the stage is Sam Altman who is the Steve Jobs of this generation. That's AI. So it is a way to honor Dr. King not by just marching in the streets, but cutting business deals in the suites. It is continuing his unfinished work of the poor people's campaign. It is his last book, where do we Go from Here? It's answering that with a dream forward. And there's no complaining. There's no politics, there's no whining, there's no talking about politicians. This is about us moving forward for two hours. A positive plan and we're going to leap. Tomorrow people will be able to download the business plans we wrote and can. And you can have it. You can talk about at the kitchen table. You can mark it up, change it. But this is full transparency. We wrote a plan. Typically this happens behind closed doors. Right? We've written these plans and they will be available to everybody as of tomorrow morning. People can [e-mail] and actually listen to the global town hall. Roland Martin is going to be streaming it. You guys are going to be there. We've gotten. I think that the Associated Press is going to be there. We have all the networks who have moderators part of it. We've tried to be as inclusive as we can stream it.

[DJ Envy]

Nick, we should scream that. We've thought about that.

[John Hope Bryant]

We got a video yesterday from. From the new chairman of the Senate Bank Committee, Tim Scott. Brother, what time it's. It's 1 to 3pm Eastern Standard Time. April 4th today, right? Yeah, yeah. And it's noon to 2 Central Standard Time. Dr. King, by the way, was assassinated April 4th, 1968 at 6pm Central Time. That's the exact time. He actually had a pillow fight right before he was assassinated. He had just relaxed and he knew he was going to be. He knew he was going to be killed the night before. It was the only time he ever collapsed on stage. He gave a speech called the Mountaintop. I've been to the mountain. I've seen the mountaintop. I may not get there with you. He knew it. And he collapsed in Andrew Young and Jesse Jackson's arms and others. And the next day they. Andrew Young tells me they had this incredible pillow fight in the hotel. We'll be at the Lorraine Motel, by the way. I will tomorrow. I mean, today. And he. He just thought it was eerie that Dr. King was so light. And he walked on that balcony and the world changed. And what nobody knows is later on, the FBI told Ambassador Young the instructions for the shooter was, if you. If you miss the dreamer, kill the strategist. That's Andrew Young. So he hasn't been able to sleep for all these years. Wow. The guy who created the Ozzie and Harryville for black people in the world. Atlanta, Georgia is the only international city in the South. 550 billion dollar economy. The same size as Singapore, by the way. So we've proven we can build a world economy. The guy who did that brought the Olympics to Atlanta. The only mayor ever mentored by Dr. King can't sleep. Wow. So we owe him a debt. We owe all the heroes and sheroes and leaders who came before us a debt. We owe those who are trying to fight for our civil rights now. A debt to carry on this work and not just to be about me, but to be about we. This is. You can't just be selfish anymore. Like, we have got to be about all of us. And this is. This is our time. If you want to be a part of history, you want to feel like your life really mattered, it's right now, in my opinion. And there are answers to these questions. I mean, there's nothing that we talked about this morning. That's rocket science.

[Charlamagne tha God]

Tune in tomorrow. Dream forward. How do they tune in again on financial inclusion? And what's the website again?

[John Hope Bryant]

You can tune [e-mail] where you can [e-mail] and it'll stream and hopefully the Breakfast Club and I Heart, by the way, is covering it. Black Information Network is covering it. We have many, many, many platforms. Again, Roland Martin is going to be covering it. And we have our own stream. You go to. If you get lost, just go to operation hope.org and you. There'll be instructions there or just follow Charlemagne. You'll. He'll. He'll be with us. I'll lead you there. But. But this is, you know, this. This is no time to be. This is no time to be. I understand stress and I understand this is serious. Mm. But unless you just gonna give up, throw your hands up, you might as well be positive about it. I can't guarantee you that being positive is gonna make you succeed, but I absolutely guarantee you that being negative is gonna make you fail? Absolutely. And these folks want you to give up, by the way. They want you to throw your hands up. That's why they did all this stuff in the first 60 days, was to flood the system, overwhelm you. So you throw your hands up and you give up. No, no, we're not gonna give up. We're gonna double down and we're gonna be a North Star. What I want at this meeting is civility. I want us to be civil. I want us to be in elegant. I want us to be intelligent. I want us to be thoughtful. Emory University's already signed up to work on the plan. They were so impressed with what we're doing. Their economics department said, this is a great plan. We, along with Clark Atlanta University Business School, will work to build this out for six months between now and the whole global forum in December, where we have another version of the plan. And everybody gets to participate in. Not everybody, but the hundred delegates will get to participate and help to shape the plan. So what's going to be announced at the meeting is going to the framework of the business plan. I talked a little bit about that today. I mentioned there's 750 billion available just for black. This is the Black American plan through credit score increases. We can do that ourselves. I'm doing that at Operation Hope. Increasing. Increasing credit scores. 50 to 100 points. By the way, don't pay anybody to raise your credits that you don't need that. We do it for free. You can be a homeowner. 44% of black people own a home, compared to 75% of our white counterparts. The number one way you build wealth in America is homeownership. Brothers be talking about John Brian, always talking about owning a home. I don't own the home. The bank owns a home. If you don't pay.

[DJ Envy]

Yeah.

[John Hope Bryant]

In fact, if you don't pay. If I own the home, if I loan you the money, I'm gonna own the home. Like capitalism. We've got to stop being emotional also, man. Like capitalism is a gladiator sport. Here's capitalism. This is a table. You're on one side, DJ Envy. I'm on the other. You're the capitalist, I'm the consumer. Your job is to extract as much money from me while giving me the least. My job is to pay you the least while getting the most. This is my job. And that is your job. And every successful negotiation is where everybody leaves it slightly annoyed. That's a success. You know, you've been in real estate. You know that to be true. If somebody's too happy and somebody's too sad, somebody got messed over, that's going into a car dealership in the hood, right? So it always drives me nuts when I hear these artists talking about, oh, all these. I'm gonna go with some taboo areas. Oh, these Jews in music business, they robbing us. First of all, you weren't saying that when you. When they gave you the record contract. And this is not the clan. This is not. This is not. Nobody forced you to sign a contract. You should have got your attorney. It's that. It's that business. That person's job is to negotiate the best possible deal for themselves. They're not to give you anything. Their job is to take every dollar they can off that table. Your job is to read your contract and negotiate and negotiate. And you. Oh, I don't want to. I just want to do music. Well, you about to get robbed. Quincy Jones told me, God rest his soul. If you think you're in the music business and you don't own music rights, publishing rights, or licensing rights or some kind of rights, you're not in the music business. You're a temporary performer. It's a music business. It's the business of music. So your job is to go to an attorney and read the contract, have it reviewed, come back with changes, red line notices. Charlemagne reads his contracts. I know. I know that. Go back, say, no, I don't like this part. I don't like that part. I don't want that advance. That's a loan. That's what it is. It's a loan. Negotiate. I want it. I want to do what they do in the NFL. I want a signing bonus. I don't want a loan. Renegotiate. But you can't come back four years later because life didn't work out for you and then say you're racist all of a sudden. No, no, no, no. That's a good negotiator. You should be applauding them. Actually, they did their job. So I'm just trying to make it plain. Like, we have got to knock it off. Like, we've got to. When the rules are published and the playing field is level, we kill it. Look at you guys. You're the biggest in the planet because you know what you're doing. Sports, we kill it. The arts, entertainment, music, we kill it. Faith, we kill it. Politics, even President United States, we kill it. Obama, we went to the top of the mark. Why can't we do it in capitalism? I mean, I'm Just asking. It's not like we did it. We tried it and it didn't work. That's why I started out with these numbers about the government. We've been obsessing about the government. We've been at this trough for too long. They're kicking us out. We should want to leave. They're kicking us out. That's what this. That's what's happening in Washington. But we should have left 40 years.

[DJ Envy]

Ago to build our own.

[John Hope Bryant]

That part. That's right. That's right.

[Charlamagne tha God]

Well, today it's going to be a financial inclusion Dream Forward is a virtual town hall. And we appreciate you for joining us, brother.

[DJ Envy]

Always, my brother.

[Charlamagne tha God]

Thank you so much.

[John Hope Bryant]

I love you guys.

[DJ Envy]

And make sure you subscribe to John Hope Bryant's podcast, the Money and wealth podcast on the Black Effect iHeartradio podcast network. You can get information like this. By the way, it's.

[John Hope Bryant]

By the way, it's top 5% of all podcasts.

[DJ Envy]

That's right.

[John Hope Bryant]

I was stunned. I was looking at it last night. It's number 32 on entrepreneurship podcast for everybody. Love it. On Apple and his top 5%. So. So our people really do want to know, like, how does this stuff work? Like, they really do. I had 800 million video views in two years. Now that's nothing to you guys, but I'm talking about some boring talking topics like for money. So every and every week something hits a million views. One of my videos gets. And people like, you should look at it. It's like 2,000 shares, 8,000 shares, 10,000 shares. People are. People want to know how this game works. Tell me how this stuff works, John. But no one's broke it down to him. I don't know. I don't know what this is. Successful people. I can't figure it out. I don't know if we're hiding. I don't know if they're afraid. I don't. I don't know what it is. They want to keep it all to themselves. I was in. I can't.

[DJ Envy]

And John's giving it to people, not selling it to people.

[John Hope Bryant]

What difference. What did Jay Z say I'm giving you? His 444 album was a financial literacy album. We're talking to him about the way about a partnership with financial literacy. He said, I'm giving you a million dollars for the game for 9.99. I'm giving you for none. 99. Right. I was at this meeting, which I can't say what the meeting was, but it was a very meeting of billionaires in Florida early last year. And I couldn't figure out why all these wealthy people. We're discouraging homeownership. I'm in this meeting, and they don't. They want everybody to rent. And they're trying to tell me that people don't want to rent anymore. And I'm like, well, you know, I was born at night, but not last night. Like, I read the newspaper and I read report, and I got data, and my data says that most people actually want to own a home. They don't know how to. And I think I figured it out because it makes no sense to me that my rich friends would tell you not to own a home. Own a home. The rich people telling you not to own a home. Own probably three. By the way, this might be an interest. By the way, this is just capitalism. I don't. I'm not. I'm not hating you. Think about Uber Lyft. I know. By the way, we partner with Uber. I love. I love Dana the Dara. The guy who's CEO that's renting you a ride. You can rent an rv. Help me out here. You can rent. You can rent dang near anything. Now, it could be that people are saying, you know what? We're gonna own all the houses and all the assets to rent the people. Yeah, I'll just rent. Just rent your life. You know, your generation, you just want to go have fun, Fine. If you want to be ignorant, Sorry. If you want to be cool.

[DJ Envy]

See what you did?

[John Hope Bryant]

You go rent your life. We'll own it. We'll take care. Don't worry about it. We'll take care of it. By the way, I'm a landlord, but I want you to move from rent to own. I don't want you staying with me forever. I don't want you working at McDonald's for your entire life. I would say Walmart, but by the way, do you know that if you're a general manager of a Walmart, you're making a million dollars a year? Did you know that?

[DJ Envy]

No, but thank you. I'm in the wrong business.

[John Hope Bryant]

Hold on. That's stunning. To me, it is. If you're working one of these big box retailers, you're making as much as a million dollars a year almost. Fast out. There's opportunity everywhere. People have got to become obsessed with financial literacy and AI literacy. Everything is going to change by 25th, 2030. Sorry. By the next five years. If you got a high school education and you lazy and you chilling, you messed up you tow up from the flow up, this world is going to leave you absolutely behind. Van Jones will be at the meeting, said that 99% of white people, black people don't know a thing about AI, but 99% of white people don't know thing about AI either. This is mutual discrimination. And if you're an accountant, your job might be gone because it's going to remove it. If you're an attorney, your job might be gone. But if you can master artificial intelligence, everything's going to change. You want to ride the horse of how accounting is going to be next or law is going to be next, or what? You've seen robotics and automation technology completely transform radio and media. So this stuff is changing underneath our feet. If you're working at a con at a CVS or a grocery store, you, you went into one five years ago. Ten counter clerks at the rest at the grocery store. One tester line for self checkout. Go to the same grocery store today. Ten self checkouts, one teller. Tell me I'm lying.

[DJ Envy]

Nope, that's real.

[John Hope Bryant]

Go to CVS or Walgreens. You might not see a teller at all. At all. Go to the, go to the, go to the airport and go to the fast food restaurant. It's a tablet. Yeah, yeah. It's happening right in front of us. Folks have got to be obsessed about what we're talking about here. Your life literally depends on it. And if we master this, this country can't survive without black and brown people and women. God has a sense of humor. I'm done. When I was here last, I said this, but I'm a double down. It's never been in the history of the world. You cannot be a global economy. You cannot be the world leader unless you're the economic leader. There's never been a superpower that wasn't the economic power. At the same time. Rome, France, Germany, whoever it was, right, Britain. We're the world leader with economic leader. There's never been a situation where relied on minorities to sustain that. Ever. In 1950, America was 90% white. Not 1850, 1950. America's now incredibly diverse and there's not enough college educated successful white men to drive GDP gross domestic product for the next 20 years. There's just not enough of them. I want every one of them to be successful. There's just not enough of them. So unless we want to be Speaking Mandarin in 20 years, my rich friends eat my poor friends to do better, if only to stay rich. They actually need us. I'm going to say something real crazy. Even the Klansmen, even the racist. The most racist white person you've ever met succeeds when we do well.

[Charlamagne tha God]

Today, tune into Dream Forward, a virtual.

[DJ Envy]

Town hall on financial inclusion.

[Charlamagne tha God]

And we appreciate you for joining us.

[DJ Envy]

Salute to Operation Hope. Thank you, John.

[Charlamagne tha God]

It's John. Hope Bryant. It's the Breakfast Club. Good morning.

[DJ Envy]

Wake that ass up early in the morning.

[John Hope Bryant]

The Breakfast Club.

[Just hilarious]

Taking control of your career is empowering. Just don't tell my boss I said that. Building a career isn't just about a job. It's about creating a path that impacts our community and future generations. Whether you're starting out or making big moves, State Farm is here to support you with resources to help protect what you're working hard to achieve. They've got your back every step of the way. Because like a good neighbor, State Farm is there. Find out [e-mail].

[Jeremy Scott]

Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley season one.

[Gilbert King]

Every time I hear about my dad, it's, oh, he's a killer. He's just straight evil.

[Jeremy Scott]

I was becoming the bridge between Jeremy Scott and the son he'd never known.

[Gilbert King]

At the end of the day, I'm literally a son of a killer.

[Jeremy Scott]

Listen to new episodes of bone Valley Season 2, starting April 9 on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts.