← The Journey with Morgan DeBaun
The Journey with Morgan DeBaun
Teri Ijeoma's Investment Guide: Achieving Financial Freedom Through Smart Stock Choices
01:02:30
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- [00:00]
Morgan DeBaun
Hi friends, it's Morgan debann and I have some exciting news. My book, Rewrite youe Rules the Journey to Success in Less Time with More Freedom is now available for pre order. Pre orders are so important, not just for me as a first time author, but for the message of this book. Ordering this book helps amplify the message that more people can break free from the grind, rewrite their own rules in life, and live a rich, juicy life full of joy and empowerment. So if you resonate with any of the content that I put out over this last few years, this podcast, any of the stories I share on social, and you've been inspired by my work at Blavity or Afrotech, pre ordering is the best way to show your support and your gratitude for any of the work that I have done. Plus, you'll be the first to get your hands on the book when it launches next spring. And that will mean literally the world to me. So make sure you check out morgandebond.com to secure your copy and join me in this movement to create a life of freedom, abundance, and more importantly, to have the tools and the frameworks that you need to take control of your life. But I'm very comfortable. You know, I got a great house, I don't have any debt. I don't even have a car. You know, like, I'm like, chilling. So what would be your advice for me, like, as in terms of surrounding myself with more people who have a larger abundance of, I guess, possibilities when it comes to investing in stocks?
- [01:32]
Terry
Yeah. Ooh, there's so many things.
- [01:35]
Morgan DeBaun
There's a lot of scammers out here. So it is on us to show a light in the direction of truth.
- [01:44]
Terry
Missed out on $40 million.
- [01:47]
Morgan DeBaun
I mean, I don't know how really want to get up on this podcast because, you know, I just have sometimes of a hard time, but for the sake of not gatekeeping. Hey everyone. I'm Morgan DeBaun, a passionate entrepreneur and life advisor. With the Journey podcast, you'll discover that success isn't about the destination, it's about the journey. I'm sharing stories of amazing people who've taken control of their lives. Join me on my own journey to discover the secret sauce behind reaching success. With permission from no one else. Hey everybody. Welcome back to the Journey with Morgan debann. I'm excited for this episode because I have my good friend Terry here. We are going to talk about all things investing, stocks, and also just being a boss in today's society in a world in which People think that they want to be a full time content creator, but it is in fact an incredibly difficult career path. Terry has been in this game for a long time. She's done everything from having memberships, courses, she's done live digital events. The most recent one you did was absolutely incredible. I watched it from afar. It's beautiful. And more importantly, she's one of very few, I would say, black women who's been able to do this at scale in a way that has been also accretive to her lifestyle. And so we'll talk a little bit. Terry, where. Where are you tuning in from today?
- [03:09]
Terry
Puerto Rico.
- [03:10]
Morgan DeBaun
Okay.
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Terry
This is my place in Puerto Rico.
- [03:13]
Morgan DeBaun
Okay. I think your team was like saying you were traveling, so I wasn't where you were, but yeah, you're. So you're home.
- [03:20]
Terry
Yep, I'm always traveling. We did a, my mom and I did a trip recently to south of France and then to Rome and Italy and then I came back and I was in Atlanta. So always traveling. But it's so much fun.
- [03:35]
Morgan DeBaun
That's amazing. I mean, that's part of your life. So good. So for those people who aren't familiar with your platform, your brand, how would you describe it?
- [03:41]
Terry
Today we teach people how to trade stocks and options, but not just for trading sake. We teach you so that you can lean into your. And so what is that other fun thing you want to do in life? For me it was travel. That's why the company's called Trade and Travel. But for you it might be trade and take care of a family member or trade and go on a cool trip or vacation. Trade and pay for something like a house. So we just help you actively invest so you can create income to do the things you love.
- [04:11]
Morgan DeBaun
Amen. You know, I started investing when I was 13 years old. My first stocks were like Starbucks, Panera back in the day. I bought Netflix super early on. My dad had a major influence on my ability to invest. My parents gamified it for me or even like savings from my. My grandma. Like my Grandma gave me $100 every year, so for my birthday. So she was like, if you take, they give you a hundred dollars. If you take the $50 and save it, great. If you take the $50 and invest it, we'll double it for you.
- [04:40]
Terry
Oh, I like your parents and I like your grandmother giving you a hundred dollars. My granny was like, we ain't got a boo.
- [04:48]
Morgan DeBaun
No. I grew up with a family who was did invest and I remember my grandma getting checks in the mail from Wells Fargo and me opening the mail for her and her explaining like what the stocks that she had and what it meant. And then that just became a part of like what I was really interested in. And a lot of the common sense conversations that our generation grew up with was save, save, save, save, save. But I actually think the core pathway to wealth is invest, invest, invest, invest. And as young as possible. So can you explain what compounding interest is and compounding, like this idea of just compounding in general and how that is to all of our advantage?
- [05:28]
Terry
Sure. And I'm actually going to give you guys a real example. So the other day I was trying to think like one day I want to. And this might be. Y'all can probably be like, what Terri. But I was, I want to be. One day I want to be a billionaire. But before you get to billions, you got to get to like 100 million. So I was trying to think through, like how long it would take to get to 100 million. And so I said, okay, well, if you start at, if you start at 30 million, how long would it take to get to 100 million just with your cash alone? And I wrote it down. It would take 11 years.
- [06:05]
Morgan DeBaun
Actually.
- [06:06]
Terry
It's not like if I'm 40 right now, by 50 I could have 100,000.
- [06:10]
Morgan DeBaun
Isn't that crazy? But is that assuming like an s and P500 return?
- [06:16]
Terry
Yeah. Well, okay, so let's talk about compounding first and then S and P. So yes, right now the indexes or the Dow, the s and P500, if you invest in like an ETF exchange rated fund of them, they're giving an average of 8 to 10% a year. Lately they've been even better. Like this year is like 14%. There's been another year that was like 20 something percent. But let's say small, like, you know, average 8 to 10%. So yes, this is like a reasonable. If you invest in an index, 10% sounds like a good reasonable number right now. I like individual stocks, but I also love indexes too. So 10% return. So let's say you started at 30 million. Yeah, I know these are big numbers, but we're talking about compounding the next year. If you did 10% of that, now you're at like 33 million. Right? And then you say, okay, 10% of that is 33.3. So you add that to the 33 and now you're at 36. And I actually went all the way down. And it literally would only take 10 years because then we got to like, got into the 40s, and then 10% of that was 4, 4, 4 million. So you add that got into the 50s, right? And it. And that's compounding. You take a percentage and add that to your amount each year, and it starts to grow, and it starts growing exponentially because your numbers get bigger.
- [07:33]
Morgan DeBaun
What's important about that is, you know, we're obviously talking about big numbers and 30 million. I had a whole podcast that went viral because I said, you know, when I get to $10 million in assets, your girl is Gucci. Because the compounding interest and the compounding returns on $10 million is more than. More than to cover my living expenses. And so everybody thought I was nuts. They were like, morgan, like, that's just not realistic. Like, that's just. I'm like, it's absolutely realistic.
- [08:03]
Terry
Like, absolutely realistic. And I mean, you just take a zero away from what we just did. If you start at 3 million in 10 years, you probably get to 10 million. Right. Or if you even go down some. Let's take some zeros away, you can go from 300,000 to a million. So it's absolutely good.
- [08:20]
Morgan DeBaun
That's my point. And I think, you know, 30,000. Yeah. 300,000 to a million. So it's like, I guess, why do you think people struggle with this concept so much? I know I'm getting real philosophical here, but I think it's really important because to me, this is the biggest unlock. In fact, this might be my second book, because I think this is one of the biggest issues in our community and for women, for black people, is that we don't understand the power of the compounding.
- [08:47]
Terry
Yeah. I think we have a couple of thoughts that go through our head. One, we think, oh, that works for everybody else, but not us. So for whatever reason, if I come on here and tell you no, the average has been 10% a year, the first thought is going to be fear. And they're going to say, well, not for me. The first year I get in, it's going to go down and I won't get the 10%. And they'll start thinking through all the excuses of why this actually isn't true. 10%. Well, you know, there was that one year where we were in a bear market and, oh, my God. And you know, we got to have election coming up and we don't know what's in the debt. People are so good at thinking of all the reasons why not them that they get paralyzed to think why them. Right. The positive side of it, I think the Second part of it is we like comfort and safety. So I talked to one friend recently. She makes like 200k in her job. Her and her husband have saved up. And she told me, terri, I have about 100k just sitting in my savings account.
- [09:45]
Morgan DeBaun
In cash.
- [09:46]
Terry
In cash. Just sitting in my savings account. Right. I see you. Like, that hurts here. Even just putting it into a brokerage account or a high yield savings account would give you 5% on that. Like, you're missing about $5,000 a year just for your money being in the wrong account.
- [10:03]
Morgan DeBaun
Yeah. And let me even tell you something we did recently, Terry. We have a nonprofit called Blabby.org and we haven't been as active in allocating the funds that we had raised a couple years back. And we said, as a board, we're going to put our funds as the nonprofit in a high yield savings account. And we've made so much money from that, we actually went a step further. We took a little bit more risk than that. So some of high yield savings account, and I think we also wound up buying CD equivalents and we made $50,000. It was incredible. And I was like, oh, my gosh, that's money that we can just give to black people. You know? And we had been sitting on that. So I missed, like, the opportunity cost was like 100k.
- [10:48]
Terry
Right. And then you start thinking about, well, what could we have done with 100k giving into the black communities? Yeah, that could have helped healthcare, that could have helped some people with education. That could have been some scholarships we missed out on because we didn't invest.
- [11:00]
Morgan DeBaun
Well, exactly. And I think that, to me is the biggest opportunity for people. It's not the fear, it's the what are you not. It's the opportunity, it's the hope, it's the, well, what could you be doing with what you're missing?
- [11:15]
Terry
Yes, yes. And you're actually right on point. I'm proud of your board because with your foundation, some of the education I've recently gotten, I'm getting all this, like, new money, wealth, knowledge is your foundation actually should be more risk focused. Like, that's a place where you can actually build a lot of wealth without it getting taxed. So if anyone is investing, it should definitely be your foundation. Now some people, back to the fear are going to say, but then what if you lose that money? Like, you won't help people, but what if you gain? Then you can help so many more people and you wouldn't have to worry about the tax. And I mean, ask A cpa. This is all educational purposes only.
- [11:54]
Morgan DeBaun
I'm a financial advisor for a nonprofit. And she's like, yeah, this is, like, actually financially responsible, which is your responsibility as a board. Actually, it's financially irresponsible. At big companies, they have a role called a treasurer, which is the person who invests and manages the money that's on the balance sheet so that they can maximize these cash and these assets. You know, in small businesses, you don't even know what that means.
- [12:17]
Terry
Yeah. Can you even imagine, like, if we got to a point where we could have endowments, like big universities? Like, for me, like, my whole scholarship to MIT was from the endowment.
- [12:28]
Morgan DeBaun
You know, explain that. Endowment for people who don't understand it's.
- [12:31]
Terry
Just money that's been sitting in their account and it just makes more money, literally.
- [12:37]
Morgan DeBaun
So, like, let's look it up right now. What is the biggest endowment in the U.S. my guess would be probably Harvard. Do we think.
- [12:43]
Terry
Let me Google, let me see. Harvard. But I don't know. There's some big money at some of the other IVs, too. I could see some big money being in California or Princeton. Let me see.
- [12:52]
Morgan DeBaun
And I also imagine Texas, too, because I got the oil money. It looks like Harvard has $49.4 billion in their endowment. That's crazy, girl. University of Texas, 44 billion. Yale, 40 billion. Stanford, 36 billion with a yen. That's like more money than in government. That's crazy.
- [13:17]
Terry
That would be really interesting one day if the government was like, look, we need to borrow some money. We're just going to go ask all the schools to give us some money to pay down the debt.
- [13:26]
Morgan DeBaun
Probably have bonds or something. Like, they probably do have some sort of, like, systems for that. Okay, Howard University endowment. Now, I don't know if Howard's got some bees. Let's see, Howard University, people.
- [13:38]
Terry
I'm crossing my fingers for us. Come on, Howard University.
- [13:42]
Morgan DeBaun
Well, first of all, the fact that it's hard to. Looks like by the end of this year they'll be at a billion dollars. One billion.
- [13:49]
Terry
Okay. Billion. Okay. We got some B's. We, we getting there.
- [13:53]
Morgan DeBaun
Robert Smith, where are you at?
- [13:56]
Terry
He's like, I'm trying. I try. I helped him with the scholarships. I'm doing my best.
- [14:02]
Morgan DeBaun
Yeah, we got a long way to go. But I think, you know, I just, I think that the more that we talk about these things, the more that it becomes comfortable and normalized for people to think in this type of scale, you know, and that is the power of investing what are the other things that you talk about often with your members, with your community? Like, what are the other barriers that you think hold people back?
- [14:22]
Terry
Yeah, well, recently I started doing this, like, pyramid model of where you're, where you're investing is. Because I think some people don't realize they're already investors. So they feel like there's like this step they have to go over before they're an investor. And I'm like, actually, you have a retirement, so you are already an investor. If you have your money in a savings account, that one's making about 5% return right now. So. Well, high yield savings account, probably at a broker, you'd have. You have to have the right account, right? Yes, the ones that our current banks are giving like zero, zero, nothing. So that's like a good vibe.
- [14:59]
Morgan DeBaun
But a short. Yeah.
- [15:01]
Terry
Yes. High yield savings account giving 5%. Then you go to the next level. The indexes which we discussed before are making about 8 to 10%. And then you get to your individual stocks, and then that can be no ceiling. Someone asked me recently, terri, why do you invest in individual stocks? Because I need a place where there's no ceiling. In every job I've had, there's been a ceiling in every, you know, you got to get a promotion to get this job. Even as a, as a worker bee, your ceiling is your capacity of how many hours you can work. You know, as a small business, there's still a cap, but in investing in stocks, there's no ceiling, which I love.
- [15:38]
Morgan DeBaun
That's right. And I mean, there's inherent risk in investing in stocks because it's in one, you know, you're not diversified across a portfolio, so you are exposed potentially to more risk at the individual level. So it does require more effort, it does require more research. How do you recommend that people become more knowledgeable about investing in individual stocks?
- [16:01]
Terry
Yeah, I mean, of course. Shameless plug. I'm going to say Trading Travel has a course.
- [16:06]
Morgan DeBaun
That's why I wanted to compare advice. I'm like, this is not my ministry today. Let me call Terry.
- [16:12]
Terry
Yes, exactly. Like we've been teaching people for the past seven years, since, well, six years, since 2018. And we've taught over 40,000 people how to invest in stocks. And we've been award winning, named number one on teachable, gotten lots of different awards. So it's a good number one un.
- [16:30]
Morgan DeBaun
Teachable you all. That's an insane accomplishment.
- [16:34]
Terry
They have now, I think they have like millions of courses, but anything in education, we were not only the best Investing course, but we were the best course in the world on their platform for three years in a row.
- [16:49]
Morgan DeBaun
Wow.
- [16:50]
Terry
Yeah. So praise the Lord for that. And so of course I would say start with education. And honestly, if you say terri, I can't afford education or I don't want to start with education, then that's like a bad mindset in general for anything, anything new. You don't have to always do it on your own. And I know many of us type as we try to figure it out all by ourselves and we have all these generations of people who've come before us. So start with education first. And you might say, okay, I can't afford your course. It's fine, we have YouTube free videos. But just so that you know some things to look for, I want you to look at order types and start looking at stop losses. That's so that if you're, if you are invested in an individual stock and it falls, there are some ways for it to, for you to get out of the trade right away. So even if you're a long term investor, I want you to start implementing some stop losses on your trades so that if the market falls, you can get out and you can have some peace of mind with that.
- [17:49]
Morgan DeBaun
And a stop loss is basically when it hits a price that you set, it sells automatically.
- [17:54]
Terry
Yes, yes. So say for example, right now, Meta just hit, what was it like 580, something like that at the time of our recording. Right. Just say it fell back to 500 but you wanted to keep your gains. You could put a stop loss in at 570.
- [18:11]
Morgan DeBaun
Right.
- [18:11]
Terry
And when it hit 570 on the way down, it would take you out of the trade and you get to keep your, your gains.
- [18:18]
Morgan DeBaun
That's right.
- [18:19]
Terry
That's something that I never knew about when I was first investing.
- [18:22]
Morgan DeBaun
No, I don't have a lot of stop losses on my stocks. I've been a little bit broke. I bought Facebook at, it was at $17 back in the day. And I think that one of the things about stocks is that you also, if you're going to like hold and be a long term investor, you got to ride the ups and downs. Like yes, to me you could put the stop loss in. But like what if it's just an arbitrary drop?
- [18:47]
Terry
Well, you can arbitrarily back in too.
- [18:49]
Morgan DeBaun
But then you're still taxed on your gains.
- [18:52]
Terry
But that's okay, you're taxed on your gains anyway.
- [18:55]
Morgan DeBaun
Okay, so walk me through this because this is actually my limiting belief perhaps, which is Like, I have a hard time selling my stocks. Like, I'm just like, nah, like, it's gonna work itself out because I don't want to deal with the taxes and then be like, oh, well, I'm gonna now buy this stock again. So let's say we take. Take Meta. I sell it at 500, and then four or five weeks later, I'm like, hmm, I think I need to go back in here. Now I've paid for the gains. What you're saying is, well, now I'm starting at a new baseline, so I'm not. I'm only paying for the incremental gains next level up.
- [19:28]
Terry
No, you'll still pay for the gains that you had. Like, you have to pay taxes on it, but you'll still be able to make more than if you had just stayed in it and waited for it to come back up. So say, for example, at the time it reached 500, you had made $10,000. Now, and then you sell, well, yes, you have to pay taxes on the 10,000, but then say it comes down to, like, 440. You get back in at 440, and now you make money again on the way up. So you're able to actually have more gain by being in and out than just if you had stayed in it the whole time.
- [20:06]
Morgan DeBaun
Oh, my God. I get it.
- [20:08]
Terry
Does that make sense?
- [20:09]
Morgan DeBaun
That makes complete sense. That's crazy.
- [20:14]
Terry
So you're kind of missing out.
- [20:15]
Morgan DeBaun
You're not getting the gains and then going back in, you're just holding. You don't realize anything. It's unrealized.
- [20:22]
Terry
No, no, no. It's still realized because you sold. So it's still.
- [20:25]
Morgan DeBaun
I'm thinking if I didn't sell, like, if just holding it.
- [20:27]
Terry
Yes, yes, yes.
- [20:28]
Morgan DeBaun
Right. But if you sell, realize the gains, and then keep. And then go back in and keep going. Why didn't I think of that? I don't know why that was so hard for me.
- [20:38]
Terry
This is one of the things, too. So say, for example, Meta recently went down to $90, like, a couple years ago. Everybody who just stayed in it, they had to wait until now to get back to even. Yes, but just imagine if you had sold. And I know some people are gonna be like, but, Terry, that's timing the market. I don't know. Well, the second thing you need to learn is how to read charts, because there are some ways to help you.
- [21:01]
Morgan DeBaun
I agree.
- [21:02]
Terry
Just the idea that, you know, you could have sold at a higher amount when it came down, got back in, and then realized your profit Again, Yeah.
- [21:10]
Morgan DeBaun
Damn. I probably lost a couple million dollars just sitting here. I'm Tesla waiting. Yeah. Nvidia, Tesla. I mean, there's. I got a couple of winners, you know, that I've just held. But, you know, they fluctuate up and down. Nvidia, not so much. But Tesla, God, like that was a roller coaster, you know.
- [21:28]
Terry
Also, people should know that they don't have to do. It's not all or nothing. So say, for example, you had 100 shares of Tesla and you wanted to do what I'm saying, like be more active with some of it. You could keep 50 of them as buy and hold. And then when you see that Tesla's coming down or Tesla's going up and at an all time high, sell some and then when it comes down, buy some more. You know, with that other 50, you don't have to. It's not an all or nothing. You could do both, right?
- [21:56]
Morgan DeBaun
Absolutely. I mean, I think that's the beauty of all things, right? It doesn't have to be as black and white. I'm not an active daily investor, you know, it's more opportunistic. When I have time, I'll like do some research. Or when I have a big kind of windfall of cash from a bonus or a brand deal, you know, I'll. It's like, okay, cool, how do we want to allocate this? But I think that it's so funny. Like, as I'm talking, I'm like, I should probably take your course just as.
- [22:21]
Terry
Like a refresher, you know, and we're updating it too. So yeah, by the time you're in it, you'll be like, oh, this is nice. Because we got a curriculum specialist. I came from education world, so I'm like, okay, curriculum specialist, come in here, audit us, let's redo it. So we're on like version three.
- [22:39]
Morgan DeBaun
That's fantastic. Now, what is a commodity?
- [22:42]
Terry
Okay, so when I think about commodities, I'm thinking about futures trading. So I'm thinking about like soy, corn, those kind of assets. And they started out actually in a legit market. And the futures market was. It was a place where somebody was like, say a farmer, and they would say, I'm about to plant all this corn, but I need money now, so will you give me money based on the crop in the future? And so that's how the futures market started. And then on the futures market, and it's mainly based on Chicago. They trade futures market. I mean, it's all over the world, but Chicago Is a big place for this. Right. They then trade the commodities. One thing that's interesting in futures market is if you actually buy futures and you're like trading options and it expires, you will get the thing delivered to your house, all of the barrels of oil delivered. You will get on a train. So you got to be real careful with it. But that's, that's what I know of it. I'm not a futures trader, but that's what I know of.
- [23:52]
Morgan DeBaun
Okay. Yeah, I just always hear people say, you know, it's like a very like kind of bro ish thing that, you know, I trade commodities. I'm like, what does that even mean? Like, I'm gonna stick with my Starbucks stock.
- [24:03]
Terry
The coolest thing about it though is they can leverage. So for every move on in the futures market, they can actually get like $2 per 1 point move versus or $12, excuse me, $12 per 1 point move. So I think the bros talk about it because they feel sophisticated, but also because they can potentially make more money.
- [24:24]
Morgan DeBaun
Make a lot more money. It's more risk, but it's also more complicated, you know, So I think. And it just requires a lot of domain expertise. I mean you gotta really study that stuff.
- [24:34]
Terry
Yeah, but I mean you study with anything. So I think it's one of those like, okay, we master stocks first because those are companies. Then maybe we go a little higher, go to options, because we've gotten down the stocks and now we can actually do bundles and contracts of those options of those stocks, which is options trading. And then from options you say, okay, well now I want to learn something new. Let's try futures. So I think it's just one of those stair step. You. Every time you learn something new, you go to the next.
- [25:03]
Morgan DeBaun
That's right. Now, do you have any gold?
- [25:06]
Terry
I do not.
- [25:07]
Morgan DeBaun
Don't you feel like gold's been trending a lot lately?
- [25:10]
Terry
It has. I mean it's always trending, like depending. People are always watching gold and silver. Right. But I think it had reached, it had reached some new levels. It did.
- [25:20]
Morgan DeBaun
It's something that made all the people start saying, you gotta go get gold. And I'm like, okay, what are we talking about, you guys?
- [25:28]
Terry
You know, I moved too much to have real gold too. Some people are like, you should have a chest of gold.
- [25:34]
Morgan DeBaun
Literally.
- [25:35]
Terry
I'm like, who gonna carry that on the plane? Like what?
- [25:41]
Morgan DeBaun
Literally chest of gold. It's crazy.
- [25:45]
Terry
It is a good thing to trade though.
- [25:47]
Morgan DeBaun
Yeah.
- [25:48]
Terry
Or have in your portfolio. One thing I want to get back to though, is you said a comment and you said something to the point of, well, I don't trade daily. I just trade like, when something big happens.
- [26:01]
Morgan DeBaun
Yes.
- [26:02]
Terry
And one thing I would just switch the wording of that. Oftentimes people are not trading, but they're actually watching the market anyway to see what their stocks are doing.
- [26:12]
Morgan DeBaun
Yeah.
- [26:13]
Terry
So if you're watching the market anyway and you see an opportunity, then just be willing to move your things around.
- [26:20]
Morgan DeBaun
Yeah. And I occasionally, like, I have Palo Alto networks and there was basically like an arbitrary, like, dip because of some press effectively. And I was like, all this is bullshit. So I just bought a bunch more, you know, exactly.
- [26:35]
Terry
Like CrowdStrike, when they had the big, big drop because of an issue. Who else has something big? Recently, Adobe had a big drop after earnings and it was crazy. Adobe is still a great company. So just be willing, since you're looking at it anyway.
- [26:51]
Morgan DeBaun
Yeah.
- [26:52]
Terry
Now that you know a little bit more about the, like, active, like, I encourage everybody. You could be a swing trader. That doesn't mean you need to do it daily. But when you see an opportunity, be willing.
- [27:02]
Morgan DeBaun
Yeah, I'm an opportunity grabber. I don't sell. I would, like, the selling is not what I do often, as I said, but I will buy. I'll be like, oh, let me go move $50,000 real quick.
- [27:15]
Terry
Hold up some money, though. So when you're thinking about income, you only do it from your business. Like, you would never say, like, I need to go. Like, I have this really big dream and I'm trying to raise money for it. Let me use some of my stuff. You would never sell it like that.
- [27:31]
Morgan DeBaun
I am acknowledging publicly that I don't operate this way, but I. But I could, like, I mean, I don't know how I really want to get up on this podcast because, you know, I just have sometimes of a hard time, but for the sake of not gatekeeping, like, I have over a million dollars in my portfolio, just like, not even my investment income and all that stuff, just straight up, you know, stocks, et cetera. And it's such a good number that I'm like, and it's. It's going up and to the right, you know, it's been a good year. I invest a lot in tech stacks, obviously, given my background and my domain. And so I think that it's such a juicy number already that my brain is like, we did like, you know, like, it's gonna work itself out, you know, and so I think that I have to surround myself with More people like you and other people who are like, yeah, but this could be 10 million. You know what I'm saying? And that's just not my network. Like, when I talk about stocks, like, all my friends look at me and they're just like, what the fuck are you talking about, Morgan? You know, like, I'm an anomaly even amongst my peers of very successful entrepreneurs, because a lot of people, it's intimidating. They haven't done it, you know? And so I think part of the reason why we're even having this conversation is because I am in a phase where I'm like, okay, I'm looking at the next 10 years of my life. Blavity was 10 years old this year and accomplished a lot of things. Thank you. I've got a lot of. Blavity is stable. Afrotech is stable. Like, I've spent a lot more time investing in myself. And it's like, what does that mean? What does another 10 years look like? But I'm very comfortable, you know, I got a great house. I don't have any debt. I don't even have a car. You know, like, I'm, like, chilling. So I think. I think that there's a pathway. But I guess what would be your advice for me, like, as in terms of surrounding myself with more people who have a larger abundance of. Of, I guess, possibilities when it comes to investing in stocks?
- [29:28]
Terry
Yeah. Oh, there's so many things. Part of me, as you were talking, was trying to think through, like, there's this lazy. Okay, this is. You are not lazy. So this is going to come off. But I'll say there's an interesting. Instead of lazy, we'll say relaxedness that comes to us when we feel like we've reached a goal.
- [29:52]
Morgan DeBaun
Yeah.
- [29:53]
Terry
And we don't push harder. We just kind of say, well, this is how. This is the status quo. It's been working. Let's keep doing it this way. And I also reached that. And I had to realize, okay, Terri, allow yourself to plateau for a little bit. You've been working so hard. Like, it's okay to take a beat and plateau, but now there's a time where we gotta go to the next level. And it sounds like for you, like, you've gotten to that million, and that probably was a goal at one point. Like, let me just get a million dollars in my. In my portfolio account.
- [30:26]
Morgan DeBaun
Yeah.
- [30:27]
Terry
And so now that you're there, you're like, and this may not be you, but for some people, they would get so scared to lose the million that they Wouldn't want to risk anything else.
- [30:38]
Morgan DeBaun
Yeah. I mean, I took money out. I took money out along the way, like when I bought my house and did the down payment. So I've. So I built it all back up, even from buying my house four years ago, to get back up to this level. So I'm like, I mean, I don't need anything else. I think that's part of it. I'm like, I'm not motivated by money. I'm motivated by my lifestyle.
- [31:01]
Terry
Yeah.
- [31:03]
Morgan DeBaun
You know what I mean? Yes.
- [31:05]
Terry
And.
- [31:08]
Morgan DeBaun
I mean, I have a juicy lifestyle. Like, yes.
- [31:13]
Terry
It could be better. There is more.
- [31:18]
Morgan DeBaun
In my head, so.
- [31:20]
Terry
In my head. So the thing is, I feel like you're right. There is some exposure to just different people. So, for example, for me, you're like, oh, man, I got a million dollars in my account. And I'm like, my money made a million dollars for me, like, in the first three months of the year.
- [31:35]
Morgan DeBaun
Talk nice to me. Let's go. But this is the stuff that we don't talk about. Like, even my. I have Whitney Houston syndrome. You guys can't see it, but my upper lip is sweating because I'm like, this is, like, way too vulnerable for. But. But it's important that I share these things because I will never be able to receive the mental guidance to be able to get out of it.
- [31:54]
Terry
Yeah. So we'll talk. We'll talk numbers. I'll be vulnerable, too. How about that? We'll both be vulnerable. So this year, so far, my cash alone, me not working at all, has made about $4.5 million. And that's with me doing no business, no work. Go live your life, enjoy yourself, and just invest it. Investments have made 4.5, and of that, about 3 million so far. Actually, no, of that, about 3.8 million of it, I've realized. So that means that, like, no matter what happens to the market, no matter what happens in elections, no matter if the market comes down, that's my money for this year, without any kind of working at all. So there are levels to it, like, yes, great, you hit a million dollars, but it can do more. And your million dollars is not secure at this time, because if something happens to the market, say something like, you know, Israel and Iran do something crazy, we go into war, and there's a big fall. You no longer have a million anymore.
- [33:02]
Morgan DeBaun
Yeah.
- [33:03]
Terry
So we got to get you to a place where you have a consistent million plus. Right. And that doesn't mean like, oh, your lifestyle is not great. It is. But you can still do better. And like we said, like, there is that opportunity cost of you could serve more people if you were able to get it to work better. And I'm talking to the choir because even my wealth manager yesterday, we had a hard heart to heart because I have a significant amount of my portfolio in cash right now, and it's making 5%. But she's like, terry, you're on this, like, billion dollar goal, and you said you needed 10%, but your cash is only making 5%, so we got to put more money to work because, you know, you're scared. And I honestly have been scared because I've been thinking that we're going to go through this recession that never came. And then I was like, well, we're at all time highs right now. We can't stay at all time highs this long.
- [33:59]
Morgan DeBaun
Yes. It's the weirdest thing.
- [34:03]
Terry
Yes. But then at the same time, I'm missing out, like, all this growth that's happened over the year. Even, like, the thing I kicked myself about is like, Nvidia, they're going up and down. It went down to $90. I kept saying, okay, as soon as it goes under 100, I'm getting it. I wanted to buy 10,000 contracts, which means that for every dollar that the stock price moved, I'd make a million dollars. I did not, because I was afraid. Missed out on $40 million. Right.
- [34:37]
Morgan DeBaun
Oh, my goodness. That's crazy. But, like, I think that is what I always tell myself, like, when I'm doing my own self work and my own, like, mindset work, I always tell myself I'm my biggest asset and my biggest limitation. Like, it is not the world. It is not the market. It is not blavity. It is not my employees. It is literally me, you know, and so the more that I invest in myself, the more that I invest in my own ability to get to the next level mentally. Even when I'm so comfortable. That's part of it, Terri. I've never been happier. I've never been more peaceful. I've never been more joyful. I've. I'm so deeply content that I'm like, if nothing changed, I would die a happy woman. Yes. You know, so I think when I reach to that level of contentment, then it is a little bit difficult to kind of get me out from that.
- [35:30]
Terry
Mm. But what about when new seasons come? So what about when your son is going to college and you want to pay for that without your. Your own, like, pay for that out of your investing money and what about, you know, like, there's more.
- [35:46]
Morgan DeBaun
There is more. There's definitely more. And I have an abundance mindset about money, too. So I'm always like, yeah, well, then we'll just go make a million dollars. We go book, like, you know, But I think because of that energy, because I'm kind of like, it's gonna work itself out. Like, we, you know, we got it. Like, we want to go do something. We want to fly over here. We'll just do it. Like, it's fine. I think that I have. It's actually an excuse, you know, it's actually an excuse that I have made for myself to not push myself out of my comfort zone as a defense mechanism, because I was outside of my comfort zone for most of my 20s. And so I was. I was in a season of recovery, part of moving to Nashville from la. I mean, you know this. You've heard me speak before. But part of moving from the coast to Nashville was so that I could be in a season of recovery and self investment. And now that I had the baby and he's about to be one, it's like, okay, cool, I've got some room now to spend some more time back on this next level and envisioning this next level for myself. And I think stocks is part of that because it's something I've been doing for so long, but I have not mastered my personal best.
- [36:58]
Terry
Mm. Mm. And there is, and I thank you for sharing that, because I feel like a lot of us get that way when we're feeling content, and then we're like, I am content right here. But I think that. I think the underlying mental part of that is we feel like more money has to come with more work. So, for example, you were like, oh, when I want something, I'll just go do it. But if your money was working for you, you wouldn't have to go do it. It would be there. I say all these things, but I got to think through that too, because.
- [37:32]
Morgan DeBaun
At different levels, we all have to be pushed. Like, I hope that whoever's listening to this is like, y'all got real first world problems. And we do. That's why you listen to this podcast, is because we're all on our own journey and it's never finished, you know? And, like, I hope that we don't get a lot of haters in the comments, because my point in sharing this, and if we do whatever, fuck them. But, like, my point in sharing this is so that people can understand that at each level, there's A new thing that's required of you. And just like Terry is saying, you know, she's on a pathway to be a billionaire, then she's got to move differently than how she's moving now, even though how she's moving now is in the top 1% of the 1% of the 1% of excellence.
- [38:10]
Terry
Yeah. And for me, my thing is, honestly, I'm not motivated by money either, which is interesting because people would be like, what? You're not? No, no.
- [38:20]
Morgan DeBaun
Most incredibly wealthy people are not.
- [38:22]
Terry
I'm not. But to your point, I know when I'm giving my best, and I, like, there's a scripture in the Bible that says, give your best in all things, as if working for God and not for man. And for me, like, in this world, I gamify it too. And I'm like, I could do better. I think that I see an opportunity. To me, it's like this problem solving thing. I'm like, I read this chart. I feel like this is a good opportunity. Let me see if I got it right.
- [38:48]
Morgan DeBaun
Yeah.
- [38:48]
Terry
And that gets exciting and fun. And then when I get to help other people, I think that's where the real ministry comes in. So, like, with my foundation, we did this Disney investment this year, and it made about $700,000. So now I get to think through, okay, what do I. How do I help people with 700,000? Yeah. How do you give it away?
- [39:10]
Morgan DeBaun
Yeah.
- [39:10]
Terry
And that's the fun part. So, yes, these are first world problems, but I think those that can. We gotta push ourselves because we can do even better and we can do even more. And it's not. It's not our responsibility, though, because I think some people will come in and say, well, now that you have so much, you should give everything away for free. No, no, no. Elon doesn't do that. He's a billionaire, but he's not. He's not giving Teslas for free.
- [39:33]
Morgan DeBaun
Yeah.
- [39:33]
Terry
You know, we're not getting iPhones for free. They going up every year even though the people at that company are billionaires.
- [39:40]
Morgan DeBaun
Right, right.
- [39:42]
Terry
So our information is not for free. Our work is not for free. But we can keep pushing ourselves because we know that we have capacity to help so many more people.
- [39:52]
Morgan DeBaun
Absolutely. How do you surround yourself with more inspiration? You know, what tribes of people are you in from a investment perspective? You know, I know that you like Tiffany Budgenista. I mean, there's like a cohort of black women that have done incredible well, incredibly well in this career path of being a teacher and building These communities and help bringing us along the way. But in your field of investing, where do you turn? Do you go to, like, Warren Buffett's conference every year? Like, are you, like, in that world or where are you?
- [40:24]
Terry
Honestly, I need to do better. Just vulnerable. I need to do better. But for example, I'm going to a Goldman Sachs conference next week, and they have all their black clients. Like, I'm one of. I'm a Goldman Sachs client. So they have all their black clients coming together. And I'm really excited about that to meet some more people at this level. I'm realizing that a lot of the people at this level are not talking about it. So part of me feels like, man, maybe I should shut up too, you know, because it's, you know, for safety reasons and all the things. But then I'm realizing that I think this is a blessing God gave me so I can help people dream bigger. And if I don't talk about it.
- [41:05]
Morgan DeBaun
Let'S get security if you need it.
- [41:08]
Terry
Yes, this is true. And we can pay for that now. But I'm excited about the Goldman thing. And then now I'm starting to seek out people individually.
- [41:20]
Morgan DeBaun
Okay.
- [41:20]
Terry
So for example, I've. I've heard about Fawn. Is it Fawn Rivers?
- [41:25]
Morgan DeBaun
Fawn Weaver, Yeah. I was just very interested.
- [41:27]
Terry
Yes, please tell her about me, because I would love to just have a conversation with her. I'm thinking it's now more intentional reach outs. One on one to just learn. What are you doing? What are you doing? So for me, it's like, okay, now we're building portfolios of homes. Now we are executive producing. We are. I am executive producing a movie. Like, that's a new kind of investment for me.
- [41:54]
Morgan DeBaun
Yes.
- [41:54]
Terry
But I think it could be really cool. So just learning more. But there's now intentional reach outs. I'm actually. Put this into the wind. There's another lady I want to meet. She's the founder of. Not the founder, but the CEO of a football team. Do you know her?
- [42:11]
Morgan DeBaun
A CEO of a football. Like an actual football team or a soccer team.
- [42:14]
Terry
I think she's the president. I think. And I think she's a black woman.
- [42:18]
Morgan DeBaun
I'm not familiar with her, but I'm sure I could reach her.
- [42:21]
Terry
Man, if you find her, please, I would love to just have a talk. Yeah.
- [42:25]
Morgan DeBaun
And Fawn, I can. I mean, that's the text away. So I'm happy to connect you with Fawn, but even that, like, you know, those are operators that are reaching new levels at the operation level. And Fawn is an incredible investor. I mean, she's been able to go. We did a podcast episode, so by the time this comes out, people have watched it. But she talks about in that episode how a lot of incredibly wealthy people actually go up and down in their wealth quite a bit. Just like an Elon Musk cast where you gotta be willing to risk it all to make and make it all back to get up to the next level sometimes, because the risk at the billion dollar level is significant. Right. So you gotta be able to weather that storm and have a glorious vision to get there. And I think she's done an incredible job painting that vision for herself. I also think that there's a lot of quiet people. To your point. When I went to Martha's Vineyard in August, I was like, who are all of y'all? You know, And I met like a family that owns like 70 McDonald's, right? And I'm like, I'm doing quick math. I'm like, just quick math. Oh, y'all got a lot, you know, or like, people who have our supplier procurement diversity kind of category. This is the older generation. They've got a lot of quiet money, but it's. It's very deep. And they had, like, a deal with Coca Cola where they were one of the suppliers for Coca Cola, and they've had that deal forever. Such a huge business. You'll probably meet a lot of them at Goldman Sachs. I met a lot of these people at the. JP Morgan has like an equivalent kind of cohort that they bring together. I met a lot of people through that, but none of them were like, self made with, like. I was the youngest by far, I would say, and that was challenging.
- [44:03]
Terry
You know, I think we might have to make this table for ourselves because I also don't know who they all are. I know some of them might be athletes that have started to invest their wealth. Some of them may be business owners. Some of them have probably got it from a trust fund. Like, I've been looking at all the Forbes lists and things like that just to see who is who.
- [44:25]
Morgan DeBaun
Yeah. But a lot of them are in the Forbes. They don't want to be on those lists.
- [44:28]
Terry
Right, exactly.
- [44:30]
Morgan DeBaun
I wouldn't want to be on that list.
- [44:31]
Terry
So I do. I want to, like, I've been trying to think through new achievements that I can go strive for. So I'm like, could you just be.
- [44:39]
Morgan DeBaun
On the list without being on the list? Be like, well, I know where I rank amongst y'all people. Or do you want to Be known for it.
- [44:45]
Terry
I think I want to be known for it.
- [44:47]
Morgan DeBaun
Okay.
- [44:48]
Terry
Unfortunately, but fortunately, because it maybe that's a little bit of a motivator for me. Like I want to make the list.
- [44:54]
Morgan DeBaun
All right, then let's go get the list now. Incredible. Absolutely incredible. What else do you think somebody listening to this is? Okay, let's, let's bring it back down to earth just a little. So. Or for that person who's listening to this is like, I'm feeling inspired. The first thing they should do is go get your course so that they can learn more. And once they buy the course, just walk me through, like, what are the first types of, like things that you guys talk through? What are the first types of fundamental things that they learn?
- [45:25]
Terry
They'll first learn how to pick the right stocks. So we're looking for healthy companies, not things that are. I don't do penny stocks. Things that you would invest in long term would probably be investing in ourselves too. Then you're going to think about how do I pick the right price to get in? Because as swing traders and we're people trying to make income from trading, you need to actually invest in it at the right price versus just anytime. Because we're not long term investors. We need to make sure that we're going to make a profit. And we do that looking at charts. So they'll learn how to read charts to find. And someone's going to say, well Terry, you know, you can't time the market. Everyone always we wait. We waiting for that to be in the comments.
- [46:06]
Morgan DeBaun
I understand average person can't time the market.
- [46:10]
Terry
But the thing is you can have a higher probability of success. So looking at a chart, just like looking at any kind of data or research or history in any field will help you have a better probability of success. So we're going to learn how to do that.
- [46:27]
Morgan DeBaun
Yeah.
- [46:27]
Terry
Then we'll learn how to protect our risk. Once you make the trade, you can't. There's going to be times where you will lose and that's okay as long as you learn how to protect your risk so that when you do lose, you don't lose a lot. So we're looking at risk management. Then we look at putting that all into a trading plan to say, okay, how do I do this on a more consistent basis? And I have seven steps that I do every time I take a trade. And then after that some bonuses that you'll learn is you can also make money when the market is falling and that's called short selling. So we'll look at that, and then we'll also look at gaps in Globex. So when you're looking at these charts, you start seeing that there's some gaps overnight, and you can actually use those to make money. So just learning that in your toolkit will just help you be a better trader no matter what.
- [47:21]
Morgan DeBaun
Incredible. Well, I'm going to take your course, so thank you. Sounds good.
- [47:28]
Terry
And I don't want people to think we're on this podcast just selling the course. No, no, I genuinely mean this.
- [47:32]
Morgan DeBaun
Like, I. It's okay, though. I mean, who cares? Like, we're. I. I want people to listen to this podcast and find resources. I mean, that's why people. But I trust you, you know, I trust that you are genuine. I trust that you are being honest. I trust that you are accurate and that you are an expert. There's a lot of scammers out here, so it is on us to sign, like, show a light in the direction of truth.
- [47:59]
Terry
Thank you. Thank you, thank you.
- [48:01]
Morgan DeBaun
It's okay. Okay, so great. So I'm gonna take the course, and you know what, you guys, I'm gonna bring you guys along with me as I take it, and maybe I'm just gonna set a goal for myself on how much I want to make. Is it like, do you think it's.
- [48:16]
Terry
What's.
- [48:16]
Morgan DeBaun
What would be the right metric of success? Like, income?
- [48:19]
Terry
Yes, definitely be income. And my goal for you would be to make 1% of your, like, whatever you're trading, make 1% of that on a regular basis basis. I know you're going to knock it out the park. You'll be like, girl, please, I'll make it 8, 10%, whatever would be like.
- [48:35]
Morgan DeBaun
A week, a month, or what is that. What would be a time frame?
- [48:40]
Terry
So honestly, that part will be up to you. You said that you would probably be more of a swing trader. So it would just be whenever you're making your trade that you. You realize at least 1%.
- [48:53]
Morgan DeBaun
Got it. So if I say I'm gonna put 100k here, then 1% is $10,000.
- [48:59]
Terry
Yes. So I want to see you make $10,000 and then do that consistently. And if you do that eight times, well, now you're beating the overall market. And if you do it more than eight times, well, now you're up there.
- [49:11]
Morgan DeBaun
Okay.
- [49:13]
Terry
And what you'll start seeing is like, oh, now that I'm getting the hang of this, I'm actually making 2%. I'm making 3%, making even more. Right. And that's when your money starts to grow versus just the sitting in.
- [49:27]
Morgan DeBaun
Sitting in. So if I say, okay, 100K 1%, that's 10. You do it, you know, once a month. So that's $120,000. So I'm basically saying 2x within a year.
- [49:40]
Terry
Yeah. And you can do that.
- [49:44]
Morgan DeBaun
Ambitious. Ambitious. I like it.
- [49:48]
Terry
I can't wait. I just can't even wait. I'm so excited for this. It's going to be. I will tell you the truth. It'll be easier for you to do it when you learn options. So if you're in the full course, we do stocks first and then we do options trading. But even just starting out with stocks, I think that you'll start seeing like, you're like, wait, I'm making something, and then put a goal on it. Like something that you've been wanting to do but you haven't done yet. Say that you're going to pay for that with your investments. So is there something you've been wanting to do lately?
- [50:20]
Morgan DeBaun
No, I do everything I want to do.
- [50:25]
Terry
No, there's a good thing.
- [50:28]
Morgan DeBaun
Everything I want to do.
- [50:29]
Terry
What about, okay, let me give you. I think I need to just give you some new things to think about. So do you like yachts? What about like a Ritz Carlton yacht with you and your family?
- [50:38]
Morgan DeBaun
Yeah, I think, I think that would be one thing I'd want to do, but I also, like, literally could just do it, but. But I wouldn't, like, it would be hard for me mentally to say, you know what, let's just spend $50,000 for a week on a yacht in the Mediterranean and like, just have everybody with us and just chill.
- [50:51]
Terry
Well, there you go. Okay. So you can say, okay, we're going to try to go for 50,000 when we get there. We're going to take this yacht. Or is there something else that you've been, like, hard pressed to say yes to? But, I mean, I know you love Costa Rica.
- [51:05]
Morgan DeBaun
Yeah, but I be going, I know.
- [51:09]
Terry
The point is not that you can do it, all of us can do it, but the point is that your money is going to pay for it, not you.
- [51:16]
Morgan DeBaun
Right, Right. You're right. I got to think about it because it has to be something genuine. It has to be something that I literally would be like, okay, girl, like, you would never do this. Like, for example, okay, I got one, like, literally redo my closet. Like, have someone like, every single item, you know, and just be like, okay, we're going to go in like one of my juices. Just go in and just everything matches. Like, everything is, you know, that's going to cost 20, $30,000, you know, something like that. And then everything is tailored. Especially post mom bod, you know, had a lot of ups and downs. That would probably be something that would make me feel really great.
- [51:52]
Terry
Okay, let's do it. So we're doing $30,000 for you to get your closet redone and all your clothes tailored. Yeah, I love that. I'm holding you accountable. We said it here. So 30,000 and your stocks are going to pay for it.
- [52:09]
Morgan DeBaun
Okay.
- [52:10]
Terry
This would be big for you because one, you've never sold before. So, like, actually seeing, like, how quickly you can do this because you're selling, so that's like a hurdle.
- [52:20]
Morgan DeBaun
You'll be getting that hard. Because I like, once I commit to something, it's, I buy, but I don't sell. But I'm like, we can sell this thing. Let's go. So I'm with it. Let's do it. I'm excited.
- [52:33]
Terry
Excited for you. I just feel like you're about to crush it. You're gonna be like. So, Terry, within five months, I already doubled. And I just want to tell you thank you because I got like a whole new wardrobe in three different places.
- [52:47]
Morgan DeBaun
Yes, yes. And we're on a yacht in the Mediterranean. So, y'all, if you guys want to follow this journey, I'll probably share it on my Patreon, which I just started. My Work Smart. I moved Work Smart to Patreon just so that it's easier. Like, I was tired of circle and kajabi and all the things. I'm like, I need a simpler life. Where is your community? Is it unteachable?
- [53:07]
Terry
Actually, we stopped our community. We partnered with the Budgetista, and so now they're doing an investing club and they're using our course.
- [53:17]
Morgan DeBaun
Yeah.
- [53:17]
Terry
So yes, we do have the investing club, but it's run by the budgetist team, which I'm so thankful for. I wanted a course where it was self study. People could buy it, learn everything through the course, and then if they did need some extra accountability, then they can go to the investing club.
- [53:37]
Morgan DeBaun
I kind of agree with that model. The community management is challenging. So I like that model and I think smart, very smart. We'll just leave it at that.
- [53:50]
Terry
I will say personally, like, if we just talk about some personal lessons for a second, like, I'm putting myself first too. And I'm realizing that I want the freedom in my life not to have to fulfill a, like a purchase. Like if someone purchased in the past, then we had to keep fulfilling because we had promised that we would give all these coaching calls. And then if they purchased in the past, we told them, like, you can buy 12 months of a, a, of a membership. So now for a year, we're on the hook. I. For my life. I don't know where I'm going next, but I think right now I'm in a season where I want you to be able to access everything I know, but just buy it and go versus me still being on a hook.
- [54:35]
Morgan DeBaun
Yeah, I think that's right. And similar. Same reason why I stopped Circle as well. Like, Patreon is better because I do the podcast weekly. So there's always. This is a part of my value exchange and kind of that's it, you know, plus I do a monthly call, but that's just genuinely just content for the podcast as well. And also just so that I can meet people, because I get inspiration from hearing what everybody's working on. But like weekly calls. No, not at it.
- [55:02]
Terry
I'm still thinking about what we got to do to, like, get you to want for more things.
- [55:09]
Morgan DeBaun
I don't know.
- [55:10]
Terry
I mean, contentness. I feel like this contentness is going to like, kill, like, kill production, which is not somebody else on your podcast is like a mental health person. Be like Terry. See, this is why you don't rest. You don't get enough sleep. Your health is not good. I get it. My apologies. But at the same time, like, can we put like a deadline on this contentment? Like, okay, we're going to be content for about a good two years, maybe going to be three, and then we'll, we'll want for more. We go find out, like, I'm at the tail end.
- [55:43]
Morgan DeBaun
You know, I call it step change growth. You know, where you, you, you go up and then you kind of coast for a little bit because you're, you're recharging, you're reinvesting in yourself. You're gaining new skills, you're. You're getting what's required in order to get to the next level. So I'm in, I'm in the plateau and I'm preparing for the next level. You know, that's my next, my next leap up. And it's, it's holistic. It's not just this. It's also at Blavity. It's also as an executive, as a CEO, as an investor. You know, I also have a bunch of investments in angel investments, you know, in private companies. So, yeah, I'm not like that complacent. Just resting.
- [56:21]
Terry
And that's okay. It really is. Like, I'm honestly not knocking it because the next three months, well, you know, I was on spring, I was on summer break, and then the next three months, I'm on, like, health break. Like, I want to go, like, just take care of my health. So, no, I'm. I'm not knocking it at all. But I'm like, okay, we got it. But we gotta get you excited to, like.
- [56:46]
Morgan DeBaun
I think being around other people who are reaching new heights is exciting. Like, hearing you share those numbers is inspirational to me. And it's also, I believe that you're an incredible person, but I'm like, if I could just do 30% of what she's doing, that would be a next level. So let's. But part of it is refreshing and investing in myself. So that's where I'm going to start.
- [57:07]
Terry
Perfect.
- [57:09]
Morgan DeBaun
All right. Okay. Terri, how can people reach you? How can they connect with you? What should their next steps be?
- [57:16]
Terry
TradeandTravel.com is always the best first place. That's where you can find all of our courses and just more about us. So trade and travel.com and then you can find us on YouTube, Instagram, all the places, trade and travel as well.
- [57:29]
Morgan DeBaun
Amazing. Well, Terry, thank you so much for pouring into us today. And y'all, if you enjoyed this episode, make sure you leave us a review and also go ahead and join my community if you guys want to follow along as I continue to do random things and invest in myself to get to the next level.
- [57:46]
Terry
Thank you so much for your time, Morgan.
- [57:48]
Morgan DeBaun
Have fun. Thank you. Thank you. Thanks for listening to the Journey podcast. If you enjoyed this episode, make sure you leave a review and head to our Instagram and YouTube to leave a comment. I look forward to hearing how this podcast has made an impact on your own journey.