Up next in 10
Millionaire Cedric Nash Gives Investment Tips & Talks New Book on Sway in the morning
May 1, 2023
Cedric Nash is not just a millionaire mentor. He is someone who has overcome great obstacles in his life and is committed to helping others achieve success as well. Recently, Nash stopped by Sway in the Morning to talk about his new book, "Why Should White Guys Have All The Wealth."
Cedric Nash is the founder of The Black Wealth Summit 501(c)3 organization and the owner of Oakland Consulting. He has years of experience working with Federal Government, State and Local Government, and Fortune 500 clients. He is passionate about educating, inspiring, and motivating wealth building in the African American community. In his new book, "Why Should White Guys Have All The Wealth," Nash highlights the racial wealth gap in America and offers practical solutions for closing it.
One of the main themes of "Why Should White Guys Have All The Wealth" is the importance of mindset when it comes to building wealth. Nash emphasizes the power of positive thinking and the need to break free from limiting beliefs. He acknowledges that overcoming barriers like racism and poverty is not easy, but he believes that anyone can do it with the right mindset and tools.
Nash also discusses the role of entrepreneurship in creating wealth in communities of color. He suggests that entrepreneurship can be a pathway to economic freedom and a way to create generational wealth. However, he notes that black entrepreneurs face unique challenges such as lack of access to capital and biased lending practices. In his book, Nash offers strategies for overcoming these barriers and building successful businesses.
Another key aspect of "Why Should White Guys Have All The Wealth" is the importance of financial literacy. Nash believes that financial education should be a fundamental part of education in America. He argues that lack of financial knowledge is a major barrier to building wealth and that everyone, regardless of income level, should have access to financial education.
Cedric Nash's new book, "Why Should White Guys Have All The Wealth," is an important contribution to the conversation about the racial wealth gap in America. Nash's personal story and his wealth of experience make him an inspiring and knowledgeable mentor for anyone seeking to build wealth. His emphasis on mindset, entrepreneurship, and financial literacy are key strategies for closing the wealth gap. If you are looking for practical, actionable advice for building wealth, "Why Should White Guys Have All The Wealth" is a must-read.
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Show More Show Less View Video Transcript
0:00
and the name of that book that's why
0:01
should white guys have all the wealth
0:03
how you could become a millionaire
0:05
starting from the bottom have the beat
0:07
okay and with us right now that was the
0:09
voice of uh our next guest speaking
0:11
about having a nine to five versus
0:13
becoming an entrepreneur he's a Serial
0:15
entrepreneur and investiga uh an
0:17
investor he educates inspires and
0:20
motivates wealth building in
0:21
African-American communities he is the
0:23
founder of the black wealth Summit
0:26
um organization he is the founder and
0:27
owner of president and CEO of Oakland
0:29
Consulting in 1997 this man founded
0:32
Oakland Consulting after years of
0:34
experience at leading consulting firms
0:37
and decided to do him do it himself
0:39
after servicing the federal government
0:41
not only that my uncle
0:44
who is someone who is a Serial
0:46
entrepreneur that I grew up learning
0:48
from we had one of my uncles here
0:50
recently Rod Stanley who was in
0:52
partnership with my other uncle and he
0:55
had been trying to get this man on our
0:57
show for a long period of time but then
0:59
I got a friend and a business partner by
1:01
the name of Oswald who also has been
1:03
trying to get this man on the show for a
1:06
long time I didn't know it was the same
1:07
man it's always hanging out with my
1:10
uncle and he was like yo I mentored
1:12
somebody my mentor read man we used to
1:14
have a bet or who was going to make it
1:16
to the Black Enterprise or so Fortune
1:19
500 or who's gonna do it first and we
1:21
bet a dollar and he beat me because he
1:23
got written up and I was like well who
1:25
is this guy and he said Cedric Nash and
1:28
he just said this to me few weeks ago I
1:30
said wow we talk about alignment yeah
1:32
all day on this show and it turned out
1:34
that um Frank Tucker who's my uncle
1:36
actually was this man's Mentor before
1:39
yeah he went on to make more money than
1:41
Frank Tucker and um he wrote the book
1:43
why should I go eyes have all the wealth
1:45
how how you could become a millionaire
1:47
starting from the bottom please welcome
1:49
the one and only Cedric Nash to the show
1:52
hey
1:54
Cedric how you doing
1:55
you doing man happy to be here man this
1:57
is a dream come true is it really it is
1:59
okay uh Tracy G is actually she's um
2:01
back in New York we took her here on the
2:03
mic say what's up to Cedric Tracy what's
2:04
up sad I'm so happy you're here man
2:06
let's get this Finance seminar started
2:08
okay let's do it so what we're gonna do
2:10
we're gonna do a first part today for a
2:12
few minutes now listen citizens I want
2:14
to open up the phone lines a lot of
2:16
times
2:17
um we we we sometimes we live with
2:20
ceilings when it comes to finances a lot
2:22
of it has to do with a lack of Education
2:24
I don't think we're educated properly
2:26
when it comes to finance in this country
2:28
we have a tragic wealth gap between
2:30
African-American community and other
2:32
communities and it's only predicted to
2:35
get even worse by the year 2050 and we
2:37
have to reverse that because we are the
2:39
largest group of consumers and Spenders
2:41
in this country but we're not spending
2:43
in the right areas to help Elevate our
2:45
communities and this is what Cedric is
2:47
here to talk about today if you make a
2:50
moderate income how do you create
2:52
supplemental
2:54
um income streams how do you create
2:56
Investments how do you take your
2:59
moderate income and become a millionaire
3:01
how does that happen so if you're
3:03
interested in increasing your income
3:05
your revenue streams and you don't think
3:08
you're able to call up now
3:11
888-742-3345 Cedric my first question to
3:14
you
3:15
is how do you define wealth
3:17
yeah wealth is really assets and what
3:20
happens is often in the African-American
3:22
Community we measure wealth by our
3:25
income and our lifestyle not by our
3:27
assets so if you look at people who have
3:29
wealth they own assets and assets have a
3:31
way of constantly appreciating and the
3:34
great assets generate income I'm talking
3:36
about like apartment buildings okay you
3:37
know stocks create income too if you
3:39
invest in dividend stocks you have a guy
3:41
that works for me that he laughs because
3:43
I pay him over 180 000 a year plus bonus
3:46
he gets close to three hundred thousand
3:47
dollars but he was a consultant for a
3:49
large firm before he worked for me he
3:51
gets more dividend income than what I
3:53
pay for him in his own salary and so the
3:56
whole point is is that in my book I talk
3:58
about I have this investment ladder and
3:59
it talks about how you become a
4:00
millionaire starting with zero starting
4:03
with just a paycheck and you start with
4:04
investing in Securities the stock market
4:06
and you build that up until you have
4:08
enough Capital to invest in real estate
4:09
then eventually entrepreneurship if
4:11
you're interested and then private
4:13
Equity that's the process and the one
4:16
challenge is as a community that we have
4:17
as we spend the majority of Our Lives
4:19
just increasing our debt and lowering
4:22
our debt but never investing and
4:24
investing is a long-term game it's like
4:26
you don't do it overnight it takes years
4:28
to build up that snowball to where it
4:30
starts generating income that you can
4:31
live off I just got an idea because we
4:33
got the Wall Street Trapper coming back
4:34
I love that okay you're gonna hang out
4:36
because you're gonna be a part of that
4:37
interview too yes okay well let's talk
4:39
to let's talk in more practical terms um
4:42
um if I make 75 000 if my income my
4:46
house income is 75 000 a year right like
4:49
your average person you know we work in
4:51
a different field Heaven I know but
4:53
that's but that was it that was going to
4:55
be my question because you use the word
4:57
moderate income and so what's moderate
4:59
because it all depends on like where you
5:02
live if we live in New York that's
5:04
different than living in North Carolina
5:06
so it would be a classic example okay
5:08
and Newsweek wrote an article about this
5:10
my grandmother did it off of 200 a month
5:12
my grandmother bought a house in the
5:14
Bronx that I happen to own right now and
5:16
she only made 200 a month working at the
5:18
cleaners but by the time she died she
5:20
created General wealth generational
5:21
wealth because she saved up her money
5:23
she had thirty six thousand dollars in
5:26
retirement when she graduated which she
5:28
left money for her funeral and she left
5:30
another thirty thousand for her
5:32
grandkids I know you're looking at me
5:33
like he's saying well how does this
5:34
happen she left me ten thousand I opened
5:36
that money and put that money into a
5:38
Charles Schwab account in 1993. I
5:40
continued to invest and I continue to
5:42
build I made thirty six thousand dollars
5:44
a year living in Pacoima right here in
5:46
in California working at the jet
5:47
propulsion laboratory but because I
5:49
continued to invest and listen to
5:51
mentors like Frank my your Investments
5:53
build up that's the name of the game
5:54
your Investments build up and as you
5:57
continue to work and and work a side
6:00
hustle to bring in more income the
6:01
reality is you need more income so that
6:03
you can invest more a lot of people are
6:05
living paycheck to paycheck they have no
6:06
room so they have to have a side hustle
6:08
freelance or do whatever part of the
6:10
name of the game in my book I talk about
6:12
having a millionaire mindset grit is
6:14
part of that mindset and you have to be
6:15
willing to put more effort in to get
6:17
more more income that additional income
6:19
you can't go out and ball hard and buy
6:21
Gucci and stuff you've got to go and buy
6:23
lvmh the stock lvmh not Louis Vuitton so
6:27
those Investments over time is what
6:28
makes us rich one of the challenges that
6:30
you you mentioned was that our
6:32
community's so hooked on celebrities and
6:33
we're so busy following celebrities and
6:36
and and and duplicating how they look
6:39
but we can't afford it we don't we don't
6:41
make that kind of money yeah so
6:43
celebrities come and tell us that you
6:44
know I heard Jack talking about I buy
6:46
brands most people can't afford to do
6:48
that okay they have to build wealth like
6:49
I did from my paycheck and what I did is
6:51
I increased my income I started a
6:53
business I invested in real estate and I
6:56
turned that ten thousand dollars that my
6:57
grandmother gave me into millions let's
6:59
talk about mindset then
7:01
um because that's a very key component
7:03
in this is how you elevate or change or
7:06
rewire a reprogram your mindset how do
7:09
you expedite that how do you expedite
7:11
the learning curve the people to get
7:13
them to get into that right frame of
7:15
mind a lot of us don't trust putting our
7:17
money in Investments how do you make
7:18
them comfortable doing that like the
7:20
real the reality is it's not fast yeah
7:22
it's like because I say this all the
7:23
time becoming a millionaire is not hard
7:24
it's just slow and the reality is is
7:27
that it's slow because it takes time for
7:28
you to shift your mindset and your
7:30
mindset is ever evolving your mindset is
7:32
your preconceived ideas and practices
7:35
that are often taught by other people a
7:38
quick example is how many black people
7:40
did not invest in multi-family property
7:42
because some older gentleman says don't
7:44
do that all these people do is tear up
7:45
your property and all they're going to
7:47
do is leave you with a headache now you
7:48
tell Mr Schwartz that are you telling Mr
7:50
Bernstein that he'll laugh in your face
7:51
they'll say that's a good problem yo
7:53
give me you know that kind of problem
7:55
right because I'll just fix it up Patch
7:57
It Up increase the rent and keep it
7:58
moving so that kept a lot of
8:00
African-Americans out of multi-family
8:02
properties it didn't keep me out of it
8:03
because they didn't want to deal with
8:05
being a landlord that's part of the
8:06
process that's part of the mindset
8:08
you've got to have that willingness to
8:10
do the work and to be patient long
8:12
enough for that work to prove itself out
8:14
and that's what we are missing and now
8:16
everybody wants multi Family Properties
8:18
but now if you look at cap rates and
8:19
multi-family properties they're all-time
8:21
high and you're paying a premium to get
8:23
them
8:24
speaking of speaking to that in your
8:26
book you talk about a method you call
8:28
Value and behavioral transformation
8:30
right and that's part of the tools right
8:33
specific tools you can use to change
8:36
your mindset are there books as well and
8:39
what does that mean value there's a
8:41
four-step process to changing your your
8:43
vet your your mindset the first step is
8:45
you have to change your environment
8:46
right A lot of times what we do is
8:48
centered around the people that we hang
8:50
with right you know the old saying show
8:51
me your friends I'll show your future
8:52
yeah if you want a story like eagles you
8:54
can't hang with turkeys yeah so a lot of
8:56
times we're hanging around people and
8:57
they're shaping our mindset in the wrong
8:59
way so the first step is to find a group
9:02
of millionaire mentors or people that
9:04
are going in the right direction that
9:05
you're learning from now you can't cut
9:07
off your family and your friends that
9:09
are causing you to spin but you got to
9:10
sprinkle in the right kind of people
9:12
that's the first step the step second
9:13
step is you have to change your
9:15
programming and what I mean by that you
9:16
change your programming by what you read
9:18
reading books like mine reading books
9:20
like uh you know Rich Dad Poor Dad
9:22
reading books like you know the magic of
9:24
thinking big and you know books that
9:26
kind of give you an insight to a
9:28
different world that changes your
9:30
programming because psychologically
9:31
we've been programmed a particular way
9:33
and then you got to change your
9:34
practices you have to change what you
9:36
actually do and over time it changes
9:37
that's the hard part and my whole theory
9:40
is that once you change your mindset and
9:42
your value set around money it's just
9:44
about about making millionaire money
9:45
moves but the sad reality is we can't
9:47
make millionaire money moves consistent
9:49
long enough to have an impact because
9:51
Building Wealth takes time okay Tracy do
9:54
you want to jump in
9:55
absolutely steady thank you I'm on board
9:57
of everything that you're saying give us
9:59
the definition or the the difference
10:01
between being wealthy and being rich
10:05
right well I I have my book Seven layers
10:07
of of wealth and the reason why I do
10:09
that is because it's very clear it's
10:11
actually six levels to have a very
10:13
specific destination so the first
10:15
destination could be financially
10:17
independent and that's where your income
10:19
that you get from either retirement or
10:21
whatever covers your lifestyle and then
10:22
there's what I call uh Financial then
10:25
there's financially comfortable that's
10:26
where you're on track to retire by 65
10:29
with a comfortable lifestyle not having
10:31
to work then there's what I call a
10:33
millionaire a millionaire is just having
10:34
a net worth whether some of your assets
10:36
minus the some of your liabilities equal
10:37
a million and then there's what I
10:39
consider uh being rich and being rich is
10:42
what I say in my definition is that you
10:44
have to have five million dollars in net
10:46
worth a million dollars of liquid
10:48
capital and that's where British starts
10:50
right and your assets are covering your
10:52
lifestyle and then it goes from there to
10:54
what I call Ultra rich and Ultra rich is
10:56
where you have a hundred million dollars
10:58
in net worth at least 10 million dollars
11:00
in liquid capital and obviously you're
11:02
financially independent and then the
11:04
final step is a billionaire status the
11:06
reason why I Define these in my books
11:08
I've had this status
11:09
Billy talk baby the reason why I just I
11:13
I Define these is that my book is about
11:15
taking you on a journey identifying
11:17
where you currently are identifying
11:18
where you want to go and then creating a
11:20
plan to actually get there step by step
11:22
and so what's lacking I believe in
11:24
financial literacy is this Continuum of
11:27
moving you from your current state to an
11:29
ideal future state but I can't get you
11:32
to a future State until you actually
11:33
Define it and that's the steps I I take
11:35
people through in my book and if you
11:36
read this book out of the Hill also it's
11:38
a chart in there to teach you how to uh
11:41
how to determine what your net worth is
11:43
and that's what I wanted to to talk to
11:45
talk about because when sway started off
11:47
with the 75 000 and or or what's to be
11:50
determined as a moderate income maybe
11:52
someone is listening right now is like I
11:54
wish I made 75 000 a year how do I get
11:57
to where Cedric is talking about and I
12:00
only make 35
12:01
000 my paycheck every week is 450
12:04
dollars how do I start to get to that
12:06
place what do I save every week at 450
12:09
dollars a week week what do I do that's
12:11
that's I think the language makes sense
12:14
to a certain group of people but there's
12:16
so many people you may sound scary too
12:18
right now it's like what the hell is he
12:20
talking about yeah well I I love that
12:22
you said that and my book is a very
12:23
practical book and the name of the game
12:25
of my book is you've got to get your
12:26
income up so no matter where you are and
12:28
I give you tools about how do you
12:29
increase your income in your main hustle
12:31
which is your job how do you increase
12:33
your income in a side hustle right
12:35
everybody needs to side hustle I was an
12:37
entrepreneur for 25 years my company
12:39
does about 90 million dollars in Revenue
12:41
I still had a side hustle you know what
12:43
it was I was investing in multi-family
12:45
properties why I didn't think my
12:46
business was going to last so while I'm
12:48
running trying to get contracts I'm also
12:51
dealing with tenants and evictions and
12:53
Construction in the whole nine yards
12:54
that's the part of the job you got to be
12:56
willing to work your butt off and this
12:58
way you know this more than anybody
12:59
there's no one I don't care if you're a
13:00
rapper if you're a if you're a ball
13:03
player if you're an Entertainer or
13:04
whatever you are working your butt off
13:06
for that money there's a reason why
13:07
that's part of the game that people have
13:09
to understand and accept in their
13:11
mindset but the name of the game is in
13:13
this technological world there's always
13:15
a way to make more money I mean when I
13:17
was a kid I used to get my hair braided
13:19
for five or ten dollars now people
13:20
charge 300 a braid hair that's true
13:22
their sisters their braid hair that were
13:24
just just around the way I own Salon
13:25
Suites so I got ladies in there making
13:27
Mad Money working in a Salon Suite even
13:30
on a weekend and work at a government
13:31
job Monday through Friday you have to be
13:34
creative and not only that there's just
13:35
so many ways that you can make money
13:37
just sitting at your home people doing
13:38
social media you know people doing
13:40
videography work they're making loads of
13:42
money the problem is not income
13:44
especially as a community earning 1.8
13:46
trillion dollars in income yeah the
13:48
black community ninth largest GDP in the
13:50
in the country in the world basically
13:52
the problem is that income the problem
13:53
is mindset right the problem is being
13:55
creative enough and being making the
13:57
right sacrifices and what we're doing
13:59
with that money yeah got to invest it
14:01
you gotta invest every month every
14:02
paycheck for the rest of your life
14:04
that's how you get there this is Cedric
14:05
Nash I'm gonna take one or two calls and
14:07
then we're gonna have the Wall Street
14:08
Trapper coming up we're gonna
14:11
I like how that's going to work right
14:13
there the book is called why should
14:14
white guys have all the wealth why did
14:16
and how to how you become a millionaire
14:18
starting from the bottom why'd you title
14:20
this book that oh man Reginald uh
14:23
Reginald um Reginald Lewis created the
14:25
book why should white guys have all the
14:27
fun I read that book way back before he
14:30
died and I loved that book and he showed
14:32
us what was possible as entrepreneurs in
14:35
business and so I wanted to show our
14:36
community what was possible by the ways
14:38
of wealth but I was having a
14:40
conversation with my friend and I was on
14:42
a rant talking about why should only
14:43
white people be getting rich in America
14:45
and it feels that way and so I was like
14:48
ooh maybe I should make that the title
14:50
of my book but I kind of backed off of
14:52
it because touching that book is almost
14:54
like trying to sing behind Whitney
14:55
Houston The National Anthem right he
14:57
kind of almost gotta leave it alone yeah
14:58
leave it alone exactly right but the
15:00
whole point is it stuck so much and
15:02
everyone seemed to like the title and I
15:04
wanted something controversial but it's
15:05
really not about black or white it's
15:07
really about the fact that 84 of the
15:09
wealth in this country is and white
15:10
hands and four percent is in Black
15:12
households and it's about how to teach
15:14
African-Americans how to build wealth
15:15
despite the odds the odds are against us
15:18
right the government's not going to come
15:19
and save us we've got to leverage that
15:21
1.8 trillion dollars in spending power
15:23
that we have and turn that into
15:24
investment power we have enough to have
15:27
our own economy yeah and you know I'm
15:29
not the only one who thought about that
15:31
Claude Anderson have been talking about
15:32
that Dr Claude Adams
15:34
Anderson yeah right he's laid out the
15:36
blueprint the problem is is the solution
15:38
is an individual problem we've got to
15:40
build we've got to focus our money moves
15:43
our money activities on building up our
15:45
own Collective net worth because it's
15:46
our assets and our net worth that we
15:48
pass the Next Generation it's not our
15:50
income and our lifestyle we're putting
15:51
more of our money or too much of our
15:52
money in our lifestyle our income and
15:54
not on our assets Cedric Nash is here we
15:56
got um Arlen from Oklahoma on the line
15:58
rise and shine how you doing you got a
16:00
question what up Arlen
16:03
hey hey
16:04
[Music]
16:05
how's it going
16:07
awesome thank you for asking
16:10
um I just purchased your book as I was
16:12
listening to your guys's conversation
16:14
I'm eager to learn about it I'm getting
16:16
ready to retire from the military
16:18
um and I'm getting ready to move
16:21
um and I just purchased my uh second
16:23
home but I'm getting ready to take a
16:26
couple of months off to you know recoup
16:28
before I get back into working and I
16:31
have a a good bit of saving saved up and
16:34
I'm looking into investing some of that
16:37
but because of the way the market is
16:38
going I'm a little bit terrified about
16:41
you know putting some of my money I am
16:43
um uh for African-American and I'm very
16:46
proud of my culture and I want to be
16:49
able to grow so I can so I can continue
16:53
to make you know a good living while I
16:55
am working because like I said I do
16:56
agree with you having a job and having
16:58
something on the side and wanted to know
17:00
if you had any suggestions for that I've
17:02
got great suggestions of that first of
17:04
all
17:05
um you know you have to invest every
17:07
month I don't care what the Market's
17:08
doing I mean and you have to understand
17:09
what's your philosophy I am in a I'm an
17:12
investor not a Trader so I know we got
17:14
on the Wall Street tractor here we have
17:15
a great debate about trading versus uh
17:17
versus investing but I'm a long-term
17:19
investor and so uh the reality is is
17:22
that if you go to Charles Schwab Charles
17:23
Schwab has a Charles Schwab starter kit
17:25
for fifty dollars you can open up an
17:27
account they'll give you a hundred and
17:28
one dollars they'll give you a size of
17:30
the S P 500 which is the largest
17:32
companies traded on the stock market
17:33
they'll give you free trading training
17:36
you can call them uh 24 7 and and you
17:39
can learn the objective is is to
17:41
continue to get yourself in the mindset
17:43
of investing every paycheck every month
17:46
for the rest of your life your objective
17:47
is to build up enough Capital to where
17:49
your Capital generates the income that
17:51
you live off of and that takes time and
17:53
so don't worry about what the Market's
17:55
doing if you look at the market since
17:57
1920 it's done nothing but gone up it's
17:59
only dropped down significantly in the
18:01
1930s right when we have had the Great
18:02
Recession it dropped down during the
18:04
Great Depression or the Great Recession
18:06
and that was a Great Depression the
18:08
Great Recession in 2008 but if you look
18:10
at it only lasted about 15 to 19 months
18:12
and it's returned up by three or four
18:14
hundred percent since then so you can
18:16
trust the market it's a matter of buying
18:18
Quality Companies not trying to find the
18:20
next Amazon but 90 95 percent of your
18:23
portfolio in its super Quality Companies
18:25
companies that you believe in and put
18:27
the rest in things that you're
18:28
interested in and if you continue that
18:30
path build up your Capital eventually
18:31
get into real estate you'll build wealth
18:33
you'll become a millionaire in no time
18:34
it's not hard exactly that's what I'm
18:36
looking to do real estate I do
18:37
appreciate it so much
18:39
okay in Ireland and follow him on his
18:41
social media all citizens tuned in
18:43
follow Cedric Nash on their social media
18:45
what does it say it's at millionaire
18:46
money moves and my website is Cedric
18:48
nash.com I give free tools free
18:50
downloads for everything that goes along
18:52
with my book it's all free I do most of
18:53
the stuff I do for free okay we got
18:55
Darren on the line oh Arlen you're a
18:57
citizen of sway in the morning Darren
18:59
quick question go ahead he's in Florida
19:01
hey hey okay so I
19:04
[Music]
19:09
now and it was trained at like 2.30 a
19:14
year
19:15
um I haven't looked at it
19:17
um don't want to look at it because I
19:18
was told just put it in there to worry
19:20
about it just let it go so um my
19:23
question is to you
19:25
um should I go ahead and look and just
19:28
take some of that money that's in there
19:30
and invest in a CD
19:34
yo this is my money bro when you when
19:37
you approach the stock market you need a
19:39
very Diversified portfolio that's what's
19:40
going to save you and what I mean by
19:42
that is a vest across all Industries if
19:44
it's Tech Telecom you know retail uh you
19:47
know the whole nine yards that's what's
19:48
going to save you is diversification so
19:50
I would not put all my money into one
19:52
particular security because that's
19:54
extremely risky but you got to keep your
19:57
money working for you and you've got to
19:58
really establish what's your goals
20:00
what's your in-game state do I want to
20:02
become a millionaire do I want to become
20:04
a billionaire do I want to be ultra Rich
20:06
am I just becoming to become financially
20:08
independent a lot of times we invest
20:10
without having very clear goals and then
20:12
we're not sure what we should do when
20:14
your goals are clear then your pathway
20:16
of what you should do is very very clear
20:17
so my thing is is that uh you know
20:20
cannabis in the State of Florida is
20:22
really really interesting because it is
20:23
a limited limited license State and
20:25
other states cannabis the value of
20:27
cannabis has gone down significantly
20:28
like States in California because it's
20:30
unlimited anybody can open up a cannabis
20:33
shop so you have to really we and when I
20:35
look at that what I'm trying to say is
20:36
that kind of investment is speculative
20:38
you don't really know what's going to
20:40
happen but if you invest in Clorox and
20:42
we know Clorox has been in Oakland
20:43
forever yeah right they've been in
20:44
business but you know that Heather yeah
20:48
yo yo Darren thank you for your call and
20:51
Darren buy the book why should white
20:52
guys have all the wealth how you could
20:54
become a millionaire starting from the
20:55
bottom okay you're a citizen Darren of
20:57
Sway in the Morning all right have a
20:59
good day bro okay so we're going to
21:01
continue this conversation and listen
21:02
citizens these phones stay lit up when
21:05
we talk about celebrity why are these
21:07
phones stay lit up when we talk about
21:09
sports these phones stay lit up when we
21:12
talk about anything that's gossip
21:14
related these phones should be lit up
21:16
times 10 now we're talking about wealth
21:18
how to obtain wealth how to secure your
21:21
your foundation how to create General a
21:25
generational wealth where to invest how
21:27
to invest uh we got the Wall Street
21:29
Trapper up next this man has been making
21:32
people rich
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