Ep 13 Money Talks: Exploring Financial Trauma

Chapters

00:00 The Importance of Money Management
03:05 Cultural Influences on Financial Habits
06:05 Learning About Money: Family vs. School
09:08 Conversations Around Money: Breaking the Taboo
12:00 Personal Experiences Shaping Financial Understanding
15:04 The Role of Relationships in Financial Management
20:55 The Influence of Relationships on Financial Mindset
22:05 Understanding Financial Crises: The Enron Example
24:01 Cultural Perspectives on Money Management
25:12 The Importance of Long-Term Financial Planning
30:06 Learning Financial Principles from Family
32:05 The Role of Principles in Financial Recovery
35:05 Finding What Works: Personal Financial Strategies
39:00 Understanding Your Money: Tracking and Awareness
44:11 Suitability Conversations: Tailoring Financial Strategies
45:36 Reflecting on Financial Relationships
47:47 The Power of Incremental Progress
49:48 Lessons from Investment Wins and Losses
50:35 The Importance of Discipline in Investing
52:17 Addressing the Psychological Aspects of Money
54:51 Understanding Market Manipulation and Consumer Behavior
01:00:06 Generational Perspectives on Risk and Resilience
01:05:21 NEWCHAPTER

Summary

This conversation delves into the importance of money management, exploring how cultural influences, family experiences, and education shape financial habits. The speakers discuss the psychological factors that affect money management, the role of relationships in financial decisions, and the significance of long-term planning and delayed gratification in building wealth. In this conversation, the speakers delve into their personal experiences with financial struggles and the principles that guided them towards financial stability. They discuss the importance of consistency in saving, understanding one's financial landscape, and the psychological aspects of money management. The conversation also touches on generational perspectives on money, highlighting how different experiences shape financial behaviors and attitudes. The speakers emphasize the need for discipline in investing and the significance of finding a personal financial strategy that works for each individual.

Transcript

SPEAKER_04 0:05

My brother's phone number on the collection.

SPEAKER_00 0:10

Don't care. If I didn't bring it up to him, he would not bring it up. Like, you know, like it'll just, you know, he'll laugh about it.

SPEAKER_01 0:18

Yeah, I did do that. Yeah. That's wild.

SPEAKER_02 0:23

But but but he needed those today, though. He really needed them. Yeah. Yeah.

SPEAKER_00 0:28

Okay. You know, never mind the situation that you had to be in to be in the same way.

SPEAKER_01 0:36

Yeah, to be right. Never mind that. That's what I'm saying. Like, you be you be you getting the calls is the symptom. That's the ripple.

SPEAKER_03 0:49

That's the symptom. Oh man.

SPEAKER_02 0:53

Man. Hey. Why money management is important. Money management is important, brothers. Money management is important. Look, that's some of what we're gonna get into today. You know, man. I'm gonna just tee it up on you. We're gonna do it, because yeah, man. God. Stuff like this, stuff like this is why the uncles are needed in the world right here. That's that that right there. The Princess Center. That's why it's needed, man. That's why it's needed.

SPEAKER_04 1:22

But what is it, but but where does it come from? So, so I remember, because I think I remember Joseph, you would tell you would tell me all kinds of stories about, you know, your name would be on applications, bills. And I think that's that's part of our culture as well. You know, you know, adult or parents have used their kids for a variety of reasons. And so is that that behavior is a learned behavior of I guess just kind of you know leaning on parts of the system.

SPEAKER_03 1:54

Right.

SPEAKER_00 1:57

I mean, learned for out of what though? Out of necessity? Learned out of learn learn learned out of what? Because, you know, poverty breeds some really bad habits, man. And when you go, you know, it's it's it's a little bit of what maybe generational wealth, and I don't mean that in the like surplus, but just whatever you have. Maybe ever maybe this was what happens, right? Where you have a family, let's say my grandparents who grew up in poverty, you know, and then they were able to provide a little better for their children, our parents, right? All right, my mom, and you know, my dad, he's a country boy, so I mean, no power outhouse country, you know, in the 1940s. My mom, you know, a little better, but in the ghetto in Shreveport, you know. And so they learned a lot of bad money habits, okay? But my dad was a smart dude, you know, went to the Marines, he got into computers there, came out, got a job with Chevron, you know, boom. So that that started his career. Now that gave him that that put us in to, you know, middle class, upper middle class, you know. Now, the spending habits of poverty-stricken people when they get more money than they're used to, not normally that good. And case in point, ours wasn't. You know, that's kind of that lack of understanding of how what do we do with this money? Um, somebody who doesn't have it says, well, I want to get the stuff I ain't never had. Because, you know, that's why people have money, right? You know, and that's kind of uh somebody who don't have money mentality about money. That's the that's the fantasy about money that gets created when you don't have it. And so then you get a little of it and you're like, oh, well, people with money buy this stuff. So then we get the Jaguar. Then we get, you know, and that that's why that happens, right? I remember that, Jack. At the same time. Ooh, what kind of black girl was it? Uh there was two. He don't he'd you don't even know about the XJS, that V12, bro. You don't even know about the James Bond one that he got later. But this one was uh the the it was a luxury coupe. I don't remember the I thought that was the one that he had in the garage.

SPEAKER_04 4:20

That it was like a it was like a forest green color. Oh, okay.

SPEAKER_00 4:24

You do remember that one. Okay, yeah.

SPEAKER_04 4:25

Yeah, it was like a dark green.

SPEAKER_00 4:26

Yeah, we had the black one. The black jack was a luxury one, then we had that XJS. Yeah, man. That James Bond one was Bro, you know, you cut this. Well, I stole well, he's gone now. Sorry, Dad. You know, I stole that while I used to. Ooh, that B12. It'll make you want to drive, boy. But anyway, um, but you know, so you have splurging like that, which leads to you not having any money anymore. You know, cut to a bounce check to dominoes and the cops at the door, you know, and it's like, why is this happening to somebody who, quote, has money? That doesn't really make sense. But you know, you're not gonna outspend your bad spending habits no matter how much money you get if you don't kind of curtail that. You know what I mean? It's just gonna get bigger and bigger. And then there's also a shame of failure, right? Because like my dad invested, he got caught up in Enron, you know, and so he was doing real good until he wasn't.

SPEAKER_04 5:24

Yeah, yeah, yeah. I didn't know.

SPEAKER_00 5:25

Rather than using that as a teachable moment for us, right? He just kind of hid all that. Like, you know, and so we didn't have conversations about money, you know, we had conversations about everything else. I mean, dare to tell you, I'm talking about like family meetings, hours long, every day of the summer, every night, school. I mean, my dad was a wild guy, man. But um never was that really about money, though. It was about life, quote unquote, but not about you know, what do you do with money? How do you learn how money works? How do you learn how money moves? How do you, you know, let your money make you money? How do you save it properly? How do you balance investing versus none of that sort of stuff, you know? It was um get a job so you can save. On to the next one. Why are you looking at me? You know, it was that was it, you know, like so uh that's what I kind of thought all of my responsibility was growing up. Like, oh, when I have money, just save it, I guess.

SPEAKER_02 6:25

Yeah, put it in the bank, put it in the state account for like 0.00% interest.

SPEAKER_00 6:31

Right. It's just that was just what I knew. So I was like, all right, that um I guess that's it. I'm I'm 18, I'm out of college. I don't have, you know, like, but I guess I guess that's what I know about money. I better get a job and and try to figure this out. And then, you know, you know how it goes. Then you try to buy something or you try to figure out how you're gonna do something. And you're like, wait a minute, this money is not sufficient. This isn't what I've been doing, is not this is not helpful at all. This is this is I was not thinking about my future at all while planning this. And so you um, you know, but that's just kind of the pitfalls of life. I wish it didn't happen with money because that pitfall is tough when you when you gotta, you know, when you when you trip on the money hurdle, that one hurts a little bit, you know? So I basically didn't have a lot of people.

SPEAKER_02 7:19

Everybody trips on it. Everybody trips on it. You know, I it rich people, poor people, broke people, rich people, everybody trips on it. I mean, look, there's two things you meant that uh that that resonated with me with what you said was it's it it's it's taught in the family, right? I think we can all agree it ain't taught in schools. I didn't take that. Although I let me take it back. You know, before we had there was home economics, I was we were probably the last generation that had home economics where it taught you some of like the basic, like, you know, you I don't know if y'all had this, the kids that had the babies that they had to take care of for a week or something like that. You know, it was like they was wondering, he was like, ah dang the home ex class. I know that was probably the last class. We probably like the last few years of uh man, first of all, man, a lot of people ain't even gonna know about that, man. Let's say unless they're real uncles, bro. Only real uncle know about the babies.

SPEAKER_03 8:21

Yeah.

SPEAKER_02 8:22

But you know, if you didn't get it in school, that so that was the last vestiges of learning in the school. And then in family, so you got two sides. You got idol, you have ignorance, and then you have um change that can throw things off. So, I mean, it it you know, it don't just it don't just I think it's taught, but you just you you gotta watch. Like I mean, I I I look at my wife and I look at my upbringing and as as far as money. Man, my my upbring we didn't talk about money. We didn't talk about money at all. We talked about you know we talked a lot about Jesus. But that's the only time you talked about money was tidy, you know what I'm saying? But man, you know, my my wife, yo, her family, they would sit down at the table with the credit card statement. So each one of each of the kids had a credit card, and they would sit down at the table and they would go through the charges every month, and they would be and they would reconcile, and they'd be like, All right, Francine, you spent this much money. Um, you know, Jeremy, you spent this much money. Bob, you spent this much money. Okay. Where my money. And and their parents would be looking for that money, paid in full the statement, uh at the end of the month. So it taught them early to be mind that the credit card wasn't free. Because that's one thing that trips a lot of people up. And it taught them that you pay your bills in full every month. You know, there's no class or anything that you it's it's taught by by sight and by action. But if you if you're not, if it it's it's something you have to be intentional about. And so, yeah. I mean, other other than that, you don't really, you're not gonna really see it anywhere else, but on the on the Instagrams and YouTube now by like getting rich.

SPEAKER_00 10:26

Well, and and therein lies another issue, right? Is where there's a lot of idolization of people we perceive with money that we can't talk to rather than speaking with the people with money that we actually can talk to. You know, back in the day that would have been, you know, what, ball players, you know, maybe a rapper, something like that, or like you said, Instagram now or a streamer or something like that. Where it's like there's people all around you, man, that and and that are willing, you know, able and willing to share that sort of knowledge if you just if you just ask. It's and I and I wonder pushback, man.

SPEAKER_02 11:06

Not a lot of people are willing, man. I'm gonna push back from you. Isn't a willing? I don't think a lot of people are willing, man. Well what about you, Jerry? Are you willing to talk about money? You're anybody willing to talk about money, Ryan G? I think people don't talk about money. I think they're not willing to talk about it.

SPEAKER_00 11:22

I think people aren't willing to ask.

SPEAKER_04 11:24

I think you're talking like so when you I mean, you know, when you're talking when you're talking money, um, I think people are willing to talk about investing, you know, especially if they're investing in the stock market or if there's something just kind of like in the Zeitgeist that people are talking about, like Bitcoin. So money in that aspect, yes. Um if you're talking more so like personal finance um and budgeting and stuff like that, I think people are willing to talk about, talk about it when it comes to, hey, how to save money on this or how to, you know, did it, you know, not that that's more so just day-to-day talk about money. But if you're talking personal finance, like here's how much I make, here's how much my portfolio is worth or my house is worth, or what I have in investments, just kind of depends. Because like I was, when you're talking about intentionality, about learning about money, um, I was trying to look from a networking standpoint, how to expand my circle when it came to people of a certain socioeconomic level. And so I said, okay, well, if if if I at least want to establish relationships with these people, mostly so I can be, I can, I can learn, I can be part of their conversation, I can hear what they're talking about. And there was, I'll just aside real quick, I was this was back when I was doing photography, and the uh Dillard University in Louisiana has an alumni chapter in Dallas. And every year they do a fundraiser for um a high school student that's going to Dillard, and they do it at a country club. And so I go and I take pictures, I'd be in a little golf cart and I'd be taking pictures of people golfing, and at each hole, uh each hole would be sponsored by a business. And so I'm going taking pictures, and they said, okay, we'll try to take pictures of the golfers next to their sign that's on their hole. And so I'm taking pictures, and I'm thinking, like, wait a second, the people I'm taking a picture of, they own the business that's on the sign on the hole right here. I'm like, all these people are probably millionaires. So I'm like, okay, there's, you know, there's there's something to this. To a degree, some of them, you know, I hear they'll be talking business, they'll be talking investments, they'll just kind of be talking, you know, sometimes politics. But I want to be in that conversation, I want to be in that circle. Those circles talk about money, but they talk about it in a different way. So when you're saying, you know, some people will talk about money. Yeah, absolutely. I got a buddy of mine that are my my real estate developer. When I talk to him, we'll touch on family stuff, um, and we'll touch on just kind of some personal things. But the conversation gets on fire when we start talking about real estate and investing and making money that way. So I think probably making money, yeah, people like talking about it. You're talking about like we were talking earlier, Joseph. We were thinking, okay, yeah, I gotta go through this, these transactions and start trimming some of this fat where there's some leakage. And those kind of conversations, no, they don't talk about money, especially when it's in a relationship. So more than likely, your spouse or a significant other, you're not talking about money. So, in that aspect of it, I would agree that's most where the money conversation gets avoided. Especially if there's issues and there's challenges in the finances.

SPEAKER_02 15:04

Well, you know what? With that said, one thing. Let's let's your background is in finance, right, Jared? And your background, Joe, is in computers, right? Yeah, I see. I see. And then mine is in finance. So so we're coming at this comp like in three different perspectives, too, because my if you I mean you we deal money every day, you know, talking we talked about money every day in our jobs, but like as a person who doesn't who has who doesn't talk about you don't you don't have the school background, you came up from a family that didn't have it, like, how did you even get the exposure to even like know where did you learn it from? I should say. Where did you learn? Because because you you've obviously you've got a house, you've got a family, you've got you have accumulated things, right? And so, like, how did you build the blocks to get you there?

SPEAKER_00 16:08

Well, you know, man, I I have older brothers though. Uh I have the luxury of three older brothers. So as they stumble and figure stuff out, I get to learn from that, you know. Still, you know, yeah, while I'll say I didn't get in the details from something like Enron, there's a tertiary learning of investments and certain things to look out for, you know, because something that big was talked about elsewhere. You know what I mean? I didn't have to get it really from him. In that respect, it was all over the news. It was us, you know, so there was something to be learned there. But the struggles of my brothers is what helps me. And then then, you know, your own struggles, man. Like, you know, I told you it's it's you'll you'll be surprised the passion you can get for figuring out your finances when you're sleeping on a friend's floor and your wife is there and there's roaches crawling. You'll you'll trust me, you'll your brain will start to be like, yo, you gotta figure this shit out. Figure it out, buddy. Flip the twitch. So that, you know, so there's you know, the it's the same, it's the it's the things that Jared was talking about, right? Life will, if you're willing to learn, life will definitely teach you, you know? But you just have to be willing to learn. You know how many, because the sacrifice of not getting what you want, you have to, I had to reconcile with that, you know? Especially coming from an upbringing where you didn't get, you know, I'm the fourth, I'm the baby of four boys, and so everything I had was handed down. I didn't own shit. All right. And so that did something to my psyche to where when I got out, no, I want, I want what I want. No one's gonna ever tell me no again. There's a there's a lot of psychological stuff too that I had to deal with that caused poor spending habits, poor money management, poor, you know. So there is a lot that goes into it that you have to you can't just combat the X's and O's of it. There was a lot I had to figure out in just my behavior in not money that was affecting how I was dealing with money. You know what I mean? Because it's all connected. You know what I mean? How you do one thing is how you do all things. And so that bleed over was important too to find those things. Because it, you know, it's something that you don't even think about that you're doing. That's all, but you're doing that, you're doing the same thing with your money, but it don't, you know, it don't look the same. And so, you know, so figuring that out was was was helpful, you know. Um going through certain things, watching a divorce happen, and watching the way money gets funny around people splitting up. That was interesting to watch about how you want to keep your money and how uh how big of a trust factor comes into finances, man, and sharing that with someone. And um so I don't know, and that was kind of a thing that was a little because like I I'll say that I got lucky, right? You know, Sonny wasn't out to get me, you know. Early on, you know, we we joint bank account. I don't know, I know nothing but joint bank account since high school, whatever, man. You know what I mean? Like it, it's but you know, I I know that people that like, you know, they're you know, husband and wife, they have a they have separate bank accounts, they share their money, they pool their money in different ways. And it's like it's that's foreign to me. It's very foreign to me to have that set up. Does she manage the funds? Do you or does she? She more so than me. Shout out to Sonny, by the way.

SPEAKER_04 19:51

Yeah, shout out to Sonny.

SPEAKER_00 19:53

Early on, it was like a hundred percent her, man. I was also like, I make the money, she do, you know, it was you know, it was one of those things. Then I'm like, where does maybe where that money goes from? So maybe the last when we had kids is where I really started to like, well, hold on a second, let me double check that. You know, so the last decade and so I've been more involved, I'll say, right?

SPEAKER_02 20:20

So would you say that so would you say that she helped you that you guys kind of learned together, or do you think that she helped you kind of piece it? I'll take it. Was she the other half that kind of like y'all were able to put it together?

SPEAKER_00 20:35

I would argue the better half because we talk about the cultural influence. You know, my my wife is Korean, bro, for all intents and purposes. Yeah, she's mixed, but her upbringing is Korean. Since her mom's lifestyle's Korean, her, you know what I mean? Growing up in that house, it was a Korean household. You know? Yeah, they had a black father, but he was just he was just there, you know, he was on the computer and shit. You know, you know, whatever. So the influence was on her. Yes, and that really, really, really is what saved me from drowning a thousand times, a million times. I mean, you know, you know, because she's penny pinching. Well, you know, I mean, logbooks, all the whole nine, you know, and that's why I was like, you gotta pay attention to that? You know, that that's what brought me into like, oh, it's not just something to have to give away, you know? It's it's something that you need to be able to invest. You need, and not invest as in, I want to put it on this company, but invest in your future to invest in you. You know, how are we ever going to expand this us in an apartment to anything worth a damn if we paycheck to paycheck? You know what I mean? And it's like, oh, I don't know, I don't really think that far ahead. I'm just kind of trying to go to McDonald's, baby. I don't really care. Um, you know, GameStop closed in like 20 minutes. I'm trying to figure it out. So it's

SPEAKER_02 22:00

My whole mindset about how and so let me let me let me let me let me let me stop you right there. Let me stop you right there. Oh let me go back to one thing you said for the audience for because we may have some young people that don't know what Enron was. Enron was a a huge, like you gotta remember, you gotta remember that, man. Um Enron was a huge bit a huge deal. Um Enron was uh an energy corporation, especially for you know people in the in South Texas, an energy company that uh peaked in 2001, and then their stock price plummeted to zero because there was and and the big scandal around that was because there was fraud and and corruption at the highest level. Uh a lot of executives um went to jail or still in jail. Um and it really slowed the Houston area, I think, down for a while quite a bit. And then from that, we got Sarve's Oxford and so on and so forth, and and some of the big things. So I want to preface yeah, I want to preface that by by saying, like, Enron was a huge deal. Some people had their whole life savings. I mean, like, probably like your father, where he had a whole bunch of money in Enron, and it really just it was it was devastating. Like, people don't know that now because all because we're in the probably one of the greatest bull markets ever, period. Really? What what are we on Jared? 25 years bull market, 20-year bull market or whatever? Yeah, so what we'll take 08. From 08. Yeah, we'll take 08. So from 08, you got a lot of uh young people that that don't know nothing but telephone money and and and growth. Yeah, I think it's iPhones and expansions. So I wanna I wanna I wanna kick it. I wanna kick it over a little bit to to Jared because you know, Joe, you have a you have a very unique perspective because you know, you you mentioned that cultural element. My wife, my wife's immigrant, parents of immigrants, she's Jamaican. So we kind of have a similar background, but uh, but but Jared. We know shout out to shout out to the lady. Um black American, you know, all black Americans.

SPEAKER_04 24:31

I think there's so much to say. Definitely, if you are, I mean, just even even with that, um you I don't know, you're talking about Sam, my wife?

SPEAKER_02 24:41

Yeah, shout out to Sam.

SPEAKER_04 24:42

Oh, okay.

SPEAKER_02 24:43

Fascinating.

SPEAKER_04 24:44

So that's that's definitely a huge piece. I mean, even when Joseph was talking about Sonny, is a large part of that is who you marry. Um one thing though that I think was profound that Joseph mentioned was when you said that um you were thinking through things and you're like, okay, well, uh, this has happened. I need to get out of this situation, but I didn't think that far ahead. And that right there, I think, is the key when it comes to most your your thoughts about money and like the psychology about money. And um that's probably only been the one thing that I would say that has kind of consistently had me in the financial posture that I've been in is knowing that, all right, there's a long-term focus to this. There's a long-term component to this. And there's nothing like quick or fast to it. It's like, all right, if I, you know, if I make these investments now, if I do these things now, I've got to force myself to be satisfied with the delayed gratification. And if I can be okay with the delayed gratification, it's only up from here. There's only there's only positive from here. And yeah, you know, like we've had setbacks, and it's just when you have those setbacks, that's where it's definitely important to make sure you're with the right partner. Because those those setbacks can like be one step backwards.

SPEAKER_01 26:22

Sometimes two stepbacks can be a lot of times you fall backwards. Yeah.

SPEAKER_04 26:28

Yeah. Yeah, yeah. And you fall backwards. And some of them, some of them are like lessons that you don't that you need to learn, you just keep going through until you learn the lesson. Like, um, this is definitely gonna debit. Like you recite your bob, that bit on The Simpsons where he kept kept stepping on them rakes.

unknown 26:44

Like that.

SPEAKER_04 26:46

Sometimes life be like that. Sometimes if one thing has happened and you didn't learn from it, and now it's gonna smack you again. But if you have that long-term perspective on things, I'm telling you, that has been like kind of my only saving grace has been like, all right, I'm gonna do this now. I may not be able to benefit from it for another five, ten, or fifteen years, but I know in 15 years, I'll be happy I did it today. And that's so hard to do that. Looking forward to that. It's like, okay, I'm uh and the thing is you gotta be okay even with it not happening. Right. It not even coming to fruition. But the positive intent is what puts the right type of stuff into the universe for it to come back to you when that five, 10, or 15 year time comes. Yeah. Um that's it. But my you know, my relationship with money was like, so my senior year in high school, we had economics, we were doing um the stock market project, and um I was number one in my class, and I had other students paying me to run their stocks for them. And so this dude gave me a watch for running his his project. Oh snap. I got some CDs. Remember, we used to burn CDs, we used to burn CDs. It's an untalk right there. People used Burbie CDs for running their stocks. So this was one of those. They'll make a visit weird.

SPEAKER_02 28:15

The burn CDs will make a make an appearance. Hey, they're in the box in the next room. Next time we come on, yeah. Switch the house, switch the house, next tape.

SPEAKER_01 28:25

Oh man.

SPEAKER_03 28:32

Go ahead, behind me just go ahead.

SPEAKER_04 28:34

I know it was. So that's where I was like, okay, well, cool. So this seems like something that I'd be good at. And it was fun. But I wanted to do computers. Like, remember, Joseph, we we were all into computers and stuff like that. So that was that was where I was headed. But man, I did that, and then she like that first day of orientation, I was like, yeah, I think I'm gonna change my major to finance. Because not only, it was like, if there's one thing to learn, right? If there's the one thing that marriages get divorced about, it was like, if there's one thing to learn, let me learn money. Yeah. Like I there was so many other things I wanted to do too. But I was like, if there's anything to learn, let me at least learn about this money. And then that was mostly so I can't even say it was something that was, you know, taught to me. My mother did and still now balances her checkbook. You know, the pages in the back of your checkbook have the transaction lines and the ledger. No, she used a checkbook. That's her like yesterday. No, no, no, no, no, no, no, no. That's just how she balances. She still writes some checks. Yeah, she still writes some checks, depending on the ones that'll accept it. Yeah. Oh, but she writes all these transactions about she still does that. But um, yeah, it wasn't ever like really a conversation. I think, you know, my parents didn't talk a whole lot about like do this, do that, but they really showed us they knew Brian and I were watching them. Um, you know, just like kids do, they learn in if you're not teaching, still learning. That's right. Um, they still listen if you're not talking, they watching. So we watched, and we were kind of like, all right, well, if this is the type of life we want to live, this is how I understood it. I don't know, you have to ask my brother, but I was like, okay, well, this is the type of house I want to live in. The types of stuff that my brother and I did growing up, the types of things that our parents showed us, trips and stuff like that we went on. It was all because, you know, my mom was a teacher, she was working hard. She she worked during the regular school years, she worked summer school. My dad worked in a refinery, even worked at Lowe's a couple of times, uh, part-time. But so we understood what hard work was about. We understood that if you wanted nice things, you have to work for it. It's okay to have nice things and want nice things, but you have to have them in their proper context. So my parents were never in any type of, we were never in any type of financial risk, at least that I knew. Um we were never, we didn't want for anything, we didn't need for anything. So I think financially, I took that as the blueprint. I replicated it. I don't know if I did that consciously or not. But when I met Sam, I was like, okay, well, here's here's what I know how to build. I know how to build this. My dad showed me how to build this, and that's that's what we did. We built that. And then once we realized, okay, there's a little bit more that we can build, we started building more. But I think risk aversion is a good thing. So long-term, long-term perspective and a healthy degree of risk aversion.

unknown 31:41

Yeah.

SPEAKER_03 31:42

How do you think?

SPEAKER_02 31:44

Yo. Yo, let me let me think no, let me no, let me think about something. No, no, no. I think I think that's that's a good point. Like what you're saying is the you know, there are basic principles of what you should be, um, you know, like how you should abide by your money, right? Like some people, and if you have nothing, if you have no principle, right? Or or even or or or bad principle, I think, I think, in my opinion, I think bad principle is is is worse than is better than no principle. You know what I'm saying? Like, because even so, because I I mean I can give I can give you a story on my own where like, you know, I mean, you guys know I'm I'm an accountant mate, uh, accounting background. And um, so I know about money deeply. I know from a mechanical standpoint, but from a from a corporate level, right? But man, let me tell you, when I was in New Jersey and and I had I had four credit, bro, I was taken to payday loans. I was horrible, bruh. I was out here just living hand to mouth. Paul, Peter, and and and and Daenerys, I was pay I was borrowing from them to paying each other in a circle. So man, but but but but and there's two things that happened. One was um, you know, I met my wife, you know, my dear girlfriend now wife, and she I remember she told me, she was like, look, if you take out take out one more payday loan, I'm out of here. I ain't gonna be with no brokey. And I was like, she's like, I'm gonna help you get out of this, and then I'm gonna this and this. And that's from then on, I was like, you're right. And then also, what also helped was that I had I had a principle of I had principles of all right, go make more money. That I had two basic principles. One was like make as much money as you can, right? And that's you know, and Jared, you know, my name, my nickname just to get a job. So I was splitting jobs every two years, getting those pay buffs. Um and then it was always stay current on your bills. At least stay current on your bills. You ain't gotta pay them jokes off. You had to stay current with them. Like, I think those two principles were what guided me and brought me back to to back to center. Because even when I was lost, I still had a had a principle and a foundation to come back to to bring it to. So, like I would say, Joe, what what would be, you know, I mean, you mentioned those times when you was sleeping on the on the on the beds, vampos and motels, you know what I'm saying? ASAP Rocky style, you know? And um now you want a new level, you know what I'm saying? And so, yeah, like what were what what would you say the principles were that brought you, or two one or two principles that brought you that you give to the to the white ends out here, um, that may be something that that brought you back, or maybe you learned it, and now that's the principle in your toolkit that that like is your guiding principle.

SPEAKER_00 35:05

Man, that's I'm I'm as much as I was you know talking some shit earlier, man. I'm a I'm big on saving. I'm still very big on saving. Um, there's been so many disasters, whether that be the flood, eight feet of water in my house, uh uh townhome I had burning down. You know, there's so many different things that have happened to where having that financial netting back there, like, okay, oh, I didn't hit the ground. I swe I promise you, it it comes at a time where I feel like where I'm like, man, I've got, let's say, I got 15K saved up, I've got 30k saved up, I could really uh and then boom. Hold on now, you're doing that for a reason. Let me tell you why. A principle, I say start much like a workout plan, stick to what the the the thing that works for you is the thing that you can stick to. So find that financial um assistance that you can stick to. Whatever that is, if that's taking the money out before you know it's it sees your check, if if that's saving that way, if it's investing little by little, whatever that is for you, what whatever you can stick to, though, is the thing. Because I've tried you you know how it is when you are, let's say, new new parents, right? Each one of you is kind of parenting either in opposition to or the same way you were parented, depending on if your situation was good or not, right? And sometimes there's butting of heads. Well, you know, financially that happens as well, you know, especially in my situation where there was a stark contrast between how Sonny viewed money and how I viewed money. You know what I mean? And so every time we had a fight like that, every time there was some sort of you know, I'm wrong 90% of the time in this situation. After, you know, you know, loss number 400, I'm like, well, hold on, okay, because clearly there's something going on here that I'm not getting, because I've keep coming to the same conclusion, and we're having the same sort of uh discussion about it, you know? It's all like, well, I'm trying this, I'm trying this, and trying to find all those different ways, these get rich quick schemes and all pyramid schemes. I've done it all, okay? And like, no, it's it's it's it's like losing weight, right? Just eat right exercise. You can do all that other shit, you write exercise. It's it's actually not too difficult, but you gotta stay consistent and you gotta do what works for you. So that that's what I would say is is is find that thing that works, but stick to that thing, man. Because if you you know you, you know what I mean? You know how your lifestyle is. If if having the savings is more in line because maybe you're a little riskier, and so you need a a bag, when when you trip, you trip big, then keep the bag. You know, if if your stumbles are small, I would say maybe investment might be the thing for you because you can you can kind of lose that and not hurt in the same way. If I need that 60K and it ain't there, oh the family and I about to we're about to have some issues, you know? And so man, life is so unique. It's that's a difficult anyway. That's that's my stick to the thing that sticks to you, man. You know, the thing that that that works for you, stick to that. So saving with it.

SPEAKER_02 38:39

Consistency peace. Consistency peace, consistently save. Well, and and to that point, you know, I mean, we talk about investing all the time. $50, $20, $100 every week, every month, adds up compounds. That's what I need help with.

SPEAKER_00 38:57

We'll talk off, we'll talk off part about that.

SPEAKER_02 39:00

No, no, no, no. Hey, hey, what you know what we'll do is we'll we'll do a whole one whole show on you know what we do and you know some of our art things. I think Jared, that may take a little more homework on some of the some of the stuff we we're doing, but for sure, man. Look, we we ain't gonna tell you anything different than what people tell you on social media, but we'll need an art special. We'll eat art special.

SPEAKER_00 39:26

I'm I'm gonna drop one more little piece, man, on a good principle, because I just saw it, man. Understand where your money's going. That's what we were talking about before we got started, Jared. Yeah. I was looking through my finances. Where is this money going? Who is taking my money? No, who am I giving my money to? That's what it really is. And I would say that's a big, big part of it. Because right now it's so easy to just forget about what your money's doing. Everything is automated, and no notifications, no nothing. Money just being sucked out of your account. And it's just easy to lose track of that because you get used to whatever that paycheck looking like now, whatever that bank account looks like now, you know, or whatever situation you're struggling to the 15th, you get used to that. You know, humans get used to anything. So just figure out where your money's going. That's a that's another good principle that really helps me out. Yeah. Look at it. Look at it. See it. See it. Some people don't even look at it. It'll slap you in the face. Yeah, it'll be there. There's a reason why you don't look at it. There's a reason why you don't look at it, okay? It's like a damn scale. Like, nigga, I know what the fuck I will have, but I'm good. I don't need to see that number. No, I'm good, bro.

SPEAKER_02 40:34

Yeah. But Jared, okay, so we got, so, so basically we we approaching it from different sides. I mean, I'm uh making, get that money. Taste that bag. You know, Joe's a little more conservative. He's and he's on the nah, you know what? We're gonna save. We're gonna save them. I mean, you know, where do you come down in the in, you know, we're we're on opposite spectrums. Where do you come down when you think? Yeah. What's that principle?

SPEAKER_04 41:02

I think for me, for me personally, or uh, yeah, for me personally, it's always just been money working. Like um, I wasn't I wasn't on the grind in the hustle necessarily to make money all the time, but my mind usually would always drift toward, okay, how do I put that dollar to work? How do I put that dollar to work? I didn't already work for it, I didn't already made it, how do I put that dollar to work? And um, from a psychological standpoint, when you're saying you're on one side, Joseph's on the more safe, save and conservative side, that all comes down to knowing who you are. And Joseph kind of mentioned it, knowing who you are and what that money is for. And if it's a cultural thing to tend to think of money as a means more so as a tool, then that's one of the main psychological shifts we've kind of had over probably the last several decades as more people from uh our race have accumulated money. So it's like now that we have it, how do we think differently about it? But you can't do anything differently about it if you don't have a good grasp of how you're going to manage it or how you're going what your relationship with it is gonna look like. And like you we were talking about earlier, based on how you were raised, that kind of defines to a degree your relationship with money. But if you're a totally different person, as you start making it, typically later in life, you know, in your teens or as you start making your own money, you've got to get have a good grasp and handle on who you are as a person. And are you someone that's prone to uh impulse? Are you someone that is a little more reserved and analytical? Um, are you someone that thinks more short term or thinks more long term? That has an uh a huge effect on your relationship with money, how you manage it, how you invest it. Um when I was doing investment advising for the early years of my career, uh, we'd start with suitability. And so before we have a conversation with a client on investment, now what now suitability explain explain suitability for other people? So suitability Yeah, suitability is getting from the client an idea of what to a degree is their investment goals. So what are their short-term and long-term goals? Um, do they need this money soon? Do they need this money in the next 10 to 15 years? Is this retirement money? We also talk about risk tolerance. Um They some people have a little bit more appetite for risk versus other people. Some people just want to be able to sleep at night. They don't want to have ulcers in their stomach because their money is invested in something that's too risky. Um we talk about risk tolerance, we talk about time horizon, duration. Uh, we also have a little bit of a conversation around liquidity. Like if You need this money to be liquid, meaning you need to be able to convert it into cash quickly, then that will kind of gauge your investment strategy.

SPEAKER_02 44:11

And this is an exercise. This is an exercise that the high net worth people have with their fiduciaries, or fiduciaries, for lack of a better word, is people who are concerned or have to be concerned about your money. The fiduciaries have with them about so this is game right here. This is what the rich people are doing.

SPEAKER_00 44:33

This can be applied to your real life, you know, not just your business life.

SPEAKER_02 44:36

This can be applied to you Joe who works at the uh at the McDonald's. I didn't even mean to say that. But uh this can go Joe to works for the whole life. To to, you know, I'm I'm I'm an unk. I got some money, I I've got stash, I need to figure this out. Suitability conversations are conversations that high network people are having with their fiduciaries before they even come through the door. Like you come through the door and it's like, all right, well, what are your what are your what all the things that that that uh Jared just mentioned? So this is an exercise you can do on your own. Have suitability conversations with yourself. What do I want to what is my time horizon? I mean, what is all the things you just said? Well, I mean, we can listen in the in the in the in the in the uh show notes. Um all the aspects of suitability. Because from those questions, you're going to uh you're as you move on with your story, you're gonna get a lot of answers, I'm sure.

SPEAKER_04 45:47

Yeah, yeah. It's good to, I mean, in in just all aspects of you know, being a whole complete human being, you should have that type of exercise in some way, shape, or form. So this is when it comes to finances, but um just even in other things, because it's kind of like you're saying, you're you're holding a mirror up to yourself and you're saying, okay, let me break down um my relationship to these, all these other different types of things in my life. But this one was for finances. And so, yeah, each time I think about, okay, um, there's so many shiny objects, and more and more and more come out, and you have so much ease of access to them. Like apps now, you can access all kinds of asset markets and stuff like that, all kinds of investment opportunities. Things are getting securitarized and packaged into, I mean, all kinds of ways. All different types of strategies, all different types of everything. So you've got to really be able to focus and pare down what are you gonna focus on. I've always just invoked uh invested in chips. That's the only thing I know, that's the only thing I've cared to learn about. There's a lot of money to be made in pharmaceuticals, there's a lot to be made in a whole bunch of every everything. Growing up in high school, going to fries, we would just talk motherboards, processors, computers, chips. So I said, okay, that's gonna be what I invest in, that's gonna be uh what I what I dive into because that was part of what was suitable for me. Now there are other aspects that weren't suitable when it came to fluctuation in price and risk and all that kind of stuff. But you know, like you said earlier, find something that works, put in the time, let patience have its perfect work, and be disciplined. And then do it with your head down for 10, 15 years, and then when you look up, you'll be surpassed where you thought your your goal initially was.

SPEAKER_00 47:47

Perfect, man. Don't mess around and be good at it.

SPEAKER_02 47:51

Don't mess around and be good at it, okay? You can't help. You can't help it.

SPEAKER_04 47:55

Yeah, you can't help but all it takes is incremental progress. That's it. Like into mental incremental progress is probably the most powerful force like uh uh when paired with compounding.

SPEAKER_02 48:06

So I'll say in the context of compounding, incremental progress is like we're gonna get in your business a little bit, Jared, but look, I've been teasing you about the AMD stock since 07.

SPEAKER_04 48:20

Yeah, oh yeah, yeah, yeah, yeah, yeah.

SPEAKER_02 48:23

AMD, man, has been You've been in AMD since it was pennies too. Well, pennies but here's the thing.

SPEAKER_04 48:31

But here's the thing. When it was around $2 before Lisa Sue got there, it I was having the issues because that was when I was having like stomach issues and stuff like that, because it was like stressful. Exactly.

SPEAKER_01 48:43

It was stressful.

SPEAKER_04 48:44

So that that it would be, I would say, would be more of a cautionary tale. Um, but on the flip side of it, you could always spin it as like, you know, that's one massive win that has covered a bunch of losses. So there's losses in like solar that I had for a degree. Um outside of First Solar, there was, you know, probably about five other solar companies that I might have paired losses with. Um I've had like maybe three big wins and then maybe like 20 L's just negatives.

SPEAKER_01 49:20

But when you sound like life, bro it goes from $2 to where where is where is AMD training now? What is the AMD? Probably 160? Maybe 1607.

SPEAKER_04 49:34

See, and you can't the thing is that the beauty of it is that you can't you can't focus on it, you can't pay attention to the stuff. That's the thing, yeah, yeah.

SPEAKER_00 49:42

Because you'll you'll get scared when you see a dip, or you'll get excited when you see a yeah, you know.

SPEAKER_02 49:47

You just gotta put the I I tell my sisters whenever they invested their and they're they're they are chickens, but they they lean on me for advice. Uh I'm like, I tell them the list of stocks to buy, and I say, buy it, and I say, don't look at it until Christmas. Like if we're in the if we're in January, I'm like, don't look at it until Christmas. Then you can look at it. Because if you look at it before then, you're gonna be like, it's up, it's down. Whether it's whether it's crazy up or crazy down, you're gonna want to do something. And the key is to not do anything. The key is to not do anything. Yeah, yeah.

SPEAKER_04 50:29

Discipline, that's the discipline Joseph was talking about. And you can't you can't be consistent if you don't have diff if you don't have discipline. That's true.

SPEAKER_00 50:36

They all everything feeds into one another, man. And when you do when you're doing it right, you'll know you're doing it right. Because it'll it'll feel right, things will fall into place, you'll it'll it's um it's interesting the way like you talk about good plan, you you'll you'll know when it's when it's right. You know what I mean? And that's what I that's that's one thing that I do like about life is you know, there are those times, man, where you can smile, you can look at your works and be like, all right, I'm in a going in the right direction, you know? Going in the right direction. That's very important. A little bit of validation.

SPEAKER_03 51:08

Yeah.

SPEAKER_00 51:09

And don't compare. And not to compare.

SPEAKER_03 51:11

Don't compare.

SPEAKER_00 51:12

Because that's you can't compare.

SPEAKER_04 51:13

Yeah, that's don't compare.

SPEAKER_02 51:15

Get some therapy. Those two things.

SPEAKER_00 51:18

Don't compare. Yeah, yeah. Get some therapy. Honestly, the psychological aspect of money is so much more powerful than we give credit for. We see the fallout in relationships from this exact thing. You were just talking about those ulcers. That is a physical manifestation of a mental state, my friend. All right, that is like come on, and like that's that's that's a something that has a big hold on you, okay, when it's that powerful. And it does need to be addressed on all levels like that, you know, because there are times where, you know, you don't want to stress out your partner, or they might not want to stress you out. Right. And there's but oftentimes that's gonna lead to a bigger type of stress. It's it's better to kind of, hey, this is what I'm worried about. You know, nip it in the bud. Every cliche you can think of is kind of a cliche thing for a reason. It's it's it's not, again, people complicate life, man. All right, like it's not too hard, all right? Like, you know, it's just that in trying to avoid certain accountability, certain responsibilities, certain types of discipline, you'll go down a path that then becomes complicated trying to do the things that that hard work would have done.

unknown 52:41

Yeah.

SPEAKER_00 52:42

And it's like, yeah, well, you can't, there ain't no substitute for that sort of patience. What you gonna do? You know, and then I try to uh get if I invest here and I go, if I can just get 10 more people under me, and if you don't understand, and now you're all trying to know what I mean? Because you don't want to have patience, it's like there ain't there's no substitute for that. You're not gonna get around it. And so you know, it's it's it's and it's people get preyed upon because when you're desperate, you'll you'll try anything.

SPEAKER_04 53:16

You'll do whatever. What's that uh what's that Warren Buffett quote that says the market is just a mechanism to move money from the impatient to the patient?

SPEAKER_03 53:27

Very powerful.

SPEAKER_00 53:28

I can believe it. It makes the most sense to me. You know, it's it's funny, man, because you know, I, you know, I'm I I play a lot of games, man, and I you see the marketing of games change over the years. You know, way back in the day it was graphics. Graphics are, you know, the basketball players sweat. Like that was how you're gonna sell your game. Now every game looks amazing. Okay, so there's no, you know, it's like, okay, what can we do with the game? Raindrops coming down. Yeah, you know, so then it's microtransactions. How do we get these microtransactions, these live service games? And what's so funny is I love the psychology. Well, I don't love it because it's preying on people, but like the fear of missing out. These games know how perfectly to be like you can only get this for about nine days. And it's like, I don't care. Day one, day five, I'm like, yeah, you got it. It's kind of tight, it's got tight, you know, and then you know, day eight, it's like, ah, a little more day, you know, and I just I I I see how much manipulation on every level with everything that exists out here to separate people from their money.

SPEAKER_03 54:41

Yeah, yeah, yeah, yeah, yeah.

SPEAKER_00 54:42

What's crazy about it is they're not preying on the financial nature of money, they're preying on the psychological nature of money.

SPEAKER_03 54:51

Yeah.

SPEAKER_00 54:51

And what people, how people feel about money. You know, one thing that's a well, you know, South Park, they're they're the best at this sort of satire. There's an episode called Freemium Isn't Free, where they talk about how fake money turn it into fake money inside of this game, that you can only buy things in the game with the fake money. But since they bought the fake money, it's like Robux. They don't think they're spending real money.

SPEAKER_01 55:18

Exactly.

SPEAKER_00 55:18

Because it ain't real money they spent, not knowing that they 10 minutes ago you paid real money for this fake money, you know, and it and it just was a beautiful system of how you just tricked the mind, you know. There's it's it's they tell me they're using the Budweiser approach, you know, these beer companies where it's like, you know, 75% of their profits are coming from 25% of their clientele. You know, it's like, yeah, these just alcoholics are out there just consuming, you know, it ain't for me. You know, they don't make beer for me. That you know, I might drink it on a weekend, maybe. Right. Nah, it's the dude every day buying a case. That's what they make beer for, you know. And so it's it's you can use that same sort of knowledge in the inverse to help you grow your money rather than losing it in that same cycle. You know what I mean? You can turn a cycle of money growth by just doing the inverse of that smart investment stuff, knowing where it's going, knowing how it moves, you know. It's and then like you talk about the risk. I mean it's worth it. I don't know how to say it a different way. Yeah, like you said, you're you you're gonna take L's, but if you're not ready to take L's, then you just got more growing to do. That's fine, you know, because that you know, maybe you don't understand it. There's a lot of people who don't understand, especially with the way I hate to get into this tangent, man, but I think it's a softer rearing of children nowadays than there was previously. Oh, you're going uh I don't want to get too far into the weeds in it.

SPEAKER_02 56:57

I'm gonna push back. No, no, no, no, no, no, no, no, no, no. I mean, there is something to be said about the struggle. There's something to be said about the struggle. I hear you. And look, there's some people that stay in the trap, and there's some people who make it out of it. And so, you know, I think that's a good thing. Well, no, no, no.

SPEAKER_00 57:18

I just mean the ability to deal with adversity. That's what I'm talking about. Not not I'm trapped because my parents no, what I mean is because so we dealt with, I don't you know, getting bullied, getting hurt, being told no, from before we could even talk. Nowadays, there's no red markers on work. These people they're not they're not told that things can be bad. You know what I mean? Like they don't know how to take L's. And so there are risks now that seem maybe not risky to us, but that's because we kind of understand how L's work in life versus somebody who never has taken an L and are scared to take the L. So they don't they don't ever try anything. And that that's what I mean. That's that's what I don't like when I mean the softening of how people are are a little too afraid because they've never taken an L. They've never had to withstand something before, you know?

SPEAKER_02 58:17

I'm gonna just say to the youngins real quick, because I'm I'm just gonna tell you. Because I don't want you to beat, because, you know, as millennials, they used to beat up on us. They never get punched in the face. And now look at us, you know, we out here, you know, we're trying to do what we do. I think the youngins, you know, I look at my sister, um, you know, she's she's a generation under us. And that girl just has no fear. That girl, when it comes, like, she's never taken an L and she's lived through um what was she the best bullmark? No, no, no. I ain't even doing that. I ain't even I ain't even checking for it. Okay. That girl literally um um lost her her job at one a major bank, took that severance money and was like, I'm gonna go to Thailand, and just was like on a plane next that next week, like put her subletter apartment and was on a plane the next week and was in Thailand. Right now, I think she's in like Barcelona, but like so her money's tapped out, but what she's doing is she's working for like hostels. So everywhere she goes, she's like, hey, I have a marketing degree, I got this, I'll do your marketing for your hostel, and she makes some extra money, or or that's how she'll pay for living there. Let me tell you something. These kids, life is a video game for them. They life is a video game that they can just hit the reset button and just do we're good. So so maybe they they didn't have the the the the more negative aspects of what we had. Of like, you know, we went through financial crisis, we just talked about Enron. We went through that bullshit, we went through um the great financial crisis. Like, we went through some kicks in the face, but these kids, man, they went through like COVID and crypto. So, like Yeah, their ability to bounce back hasn't been diminished. It hasn't been diminished. They're they've just been like, oh, it's a video game. You just hit like, why don't you just turn on the money spigot? Duh. And it works. And but right. But it makes them takes take risks that shoot. I think we're scared of taking millennials. I mean, you know, we were scared to take you when she when she told me she was in Amsterdam. I was like, I couldn't have done that. I could have taken a year off from this and gone to Amsterdam. Why do you want to do that? But man, I mean, no kids, though. Yeah, yeah, yeah. But she's yeah, she's the young man. She's the young man. You know, y'all was trying to get married right after school. You was already Jill was already married. He was already trying to get married. And well, you know, I was just out here in the world. You know. Yeah, that is true, though.

SPEAKER_00 1:01:20

That's funny how that, you know, you said something earlier that surprised me because that's something I never thought about of like, oh yeah, you know, somebody coming from your background, you understand why you're interested in money, but it's like, why would somebody who's not in this ever be interested in this? And that's something I've never ever thought about. You know, you know, the answer is just because you have to be, right? To to to get past a certain level of, you know what I mean? Like, it's kind of like, you know, there's only a certain level of things you can do. You're working at AutoZone or McDonald's or, you know, Walmart, right? There's only a certain kind of level you can get to before, you know, and so that's kind of what happens is is, you know, obviously, well, I want to live better, you know, so you find better jobs, you get, you know, you but it's funny, I just never thought about I just never thought about that from that side of things of like somebody who is who works with money, who works with money, who's like, yeah, why would you be interested in this? Like, why would you ever and then it's like, yeah, I don't know. Yeah, yeah, exactly. You you have to be if you want better for yourself, you know. It's because it's funny, the house thing, man, the reason why I got a house is because somebody just told me, like, you know, you can just get a house. How much are you paying for rent? And I was like, uh, X amount. They were like, bro, you can get a house for that. And I was like, you know, like I, you know, I just it's it's one of those things where I was just content, you know, doing just fucking, you know, whatever the fuck I was doing. You know, just like I was just content just being. Like I said, you know, I didn't think about the future in that way, man. I was just like, I don't know, I'm just doing it. And it's like, you know, how much credit I don't want my credit, you know, but I got damn good credit, man. And I was like, oh, you know, I didn't even realize. I don't I don't know like the power that I have. I don't realize, like I always on the Asian credit.

SPEAKER_02 1:03:15

Yeah, dude, it was crazy because I always thought somebody had better credit than me.

SPEAKER_00 1:03:18

And I was like, you know, you know, but um it was uh it was crazy, man. I I just I never thought about what I looked like financially to like a bank or to uh, you know, I didn't I didn't I didn't I didn't realize that there were versions of me in that way. You know what I mean? Like I didn't I I never was taught that like you know, you know, to a business or to a bank, you look like this. To an investment company, you look like this. I'm just me, you know, and you know I'll use my money to buy the things I want. And right now I want this, so that's what I'm thinking about. You know, and I you know, it just wasn't until I needed money I didn't have that I was like, oh, well, how's that work? And then, you know, it's just like, God, that's what I've been pulling my hair out trying to, you know, and she's like, you know, and then it's like, oh, I guess I'll listen to you, you know. Because I just was real I was just real bad, you know, bad spending habits, real bad spending habits till you ain't got nothing to spend. And it's like, let's try that thing you were talking about. Siving, saving? What's that? How did you pronounce it? Is it a word? Well, well, we go, we'll I think we'll do it.

SPEAKER_02 1:04:35

We'll we'll we'll jump into um, I think over the next couple episodes, we'll jump into a couple different segments. And man, we'll we'll we'll we're gonna talk about maybe a couple boring things like 401ks and why you should do your match. Like, because I mean stuff like that. So but for today, I think that's a good place to leave it off, man. Hey, if you enjoyed what you heard, like and subscribe, hit the comments. And uh we'll see.

SPEAKER_00 1:05:07

What's uh what's everybody out there? What's y'all's principles that y'all stick to financially? Don't you let us know what those are down here? Yeah, yep, yep.

SPEAKER_02 1:05:15

Let's get let's get the principles in the comments, and that's for real.

SPEAKER_01 1:05:20

Boom.