From Marine to Actor: Maurice P. Kerry on PTSD, Betrayal & Starting Over

today's end time. - Absolutely.

“- I think that that is one of the key ingredients”

who really building wealth because, you know, we all know this McDonald's doesn't make their money because of progress is because of real estate. - Absolutely. - Hello everybody, I'm PDGA X and I want to welcome you

the next chapter. And boy, have we got a session for you today? Today's guest is one of the most trusted voices in the world of personal finance and empowerment. He's a bestselling author.

We're now in keynote speaker, CEO, and a nationally recognized leader, Anthony O'Neill, brings clarity, strategy and inspiration to anyone who's ready to take control of their money, equipping everyday people to break free

from debt by building lasting wealth and living life on their own terms. Get ready for a conversation pack with tools and wisdom that can change your financial life and your entire mindset. - Chapter one, like a bit of information.

- I'm excited to have you. I've had a bit of a rollercoaster ride in my life as it relates to finances. I started out working for a large company in West Virginia many, many years ago

that company went out of business. And I found myself without a job, ran out on employment

ended up on food stamps, raised my first,

my second daughter, or for week. Nobody did, it's not to have much of anything. - That's right. - Ministers preached for church pay $300. My father had a wife in two kids.

$300.00 a month ago, very first. I found that out. We rolled a lot of corners, we sold a lot of pop bottles. And we ate a lot of baloney. - Yes, sir.

- Okay, yes, sir. - So I understand you have a similar story. Would you mind sharing with us where you started, where you came from the time you spent in the car? - Yes, sir.

- Tell me about that and how did you feel. - I think to start off the story,

“sir, it's important to explain that I come from a unique situation.”

So I have four loving parents, right? So I have a bot, I have two biological parents. And the correct term is step parents, but I don't like that term,

because God blessed me with two other amazing parents.

So my biological mom and other father lived in San Diego, California, my biological father and my other mother lived in February, Carolina. My fathers did army in the Marines. And so I'm still in therapy for that today,

because that's just two different, you know, coaches. Army in the Marines, who ride and hello. It's just a little interesting. But I moved with my mom and my other father, the San Diego California.

My father was stationed at Camp Pendleton in Oceanside, California. And Bishop, one of the very first things that I remember growing up that I just realized at the age of 25.

And now I'm 41. It's that my mom used to cry around the table, similar to this, but much bigger. On that table, we're sheets of paper. I didn't know what she was crying over it when I was a baby,

but she was crying over bills. And my very first job at 14, I had to get a job to help us provide for things that I may have desired. And so growing up, I didn't really get the education about finances, because my parents couldn't

teach me what they didn't know. And so growing up, I knew how to tie. I knew how to do that in the church, but they didn't teach me what to do with the other 90%. So when I graduated high school,

if I'm just being honest with you, Bishop, I said, hey, I'm a grown man. I went out there and got me a credit card. You give me $500 back in the early 2000s. I'm thinking I'm rich.

- You're right. - And so I took that $500, maxed out in 24 hours on a young lady. Rent lobster, roses, and adunion birch's purse. - And man, just when I got that,

and this thing that really is crucial for me,

Bishop, that thing is important for everyone to understand. I didn't understand a vocabulary, no one ever taught me anything. So when I spent $500, my very first bid was only $52. So in my way, I could spend $500 and only pay back $52. So I just applied for so many more credit cards.

And did up with about $30,000 in debt within a matter of seven months, the world. And I'm paying back about $2,000 a month, lost my job, could not pay it back. I got into an argument with my other father,

and I ended up being homeless off a highway, 76 and ocean-side California. My parents thought that I was going to be living with a friend,

“but the truth of the fact is that I was actually”

sleeping in the back of my car in a Walmart parking lot. Not because my parents were broken, couldn't afford it, just because of one of my ego, my pride,

And during that season, I mean, living in the back of my car,

I was a guy, I did it two times.

“I don't want to exaggerate it two times.”

I was a guy holding a sign saying, "Can I have some money just to get something to eat?" I know what it feels like to be racially profiled, because they say it African-American young man asking for money. I heard people say he's going to use money to buy drugs.

It's don't give me no money. And that was the time I thought about committing suicide. All because of the poor decisions that I made, but the poor decisions that I made were just because of the lack of information

that I did not receive. When I remember telling God I say, God, if you get me out of the back seat of this car, I know I'm not going to be perfect, but I guarantee you, I will not be here.

And I remember going home to my father, my other father in California said, "Hey, I'm sorry for the poor decisions that I made, "but I want to get better." My dad looked at me and said,

"I'm sorry for not giving you the proper education." And he came back home and he gave me a budget form and said, "Hey, we were horrible with money, "but we're going to help you get better with money." - You know the thing that stands up to me

is that you drew a line between emotional intelligence and financial intelligence. One affects the other that not having money, not having resources does something to you emotionally, whether you're a man or a woman,

but particularly as a man, to not be able to take care of yourself or your date and you spend the money, you spend the money I had read last year. - Oh, yeah. - It's your commercial program. (laughing)

In the end of all of that, there's a shame that had you stand in the car. - Yes, sir. - That has nothing to do with the poverty and money, but the poverty of soul.

- Yes, sir. - That comes from making those bad choices. Even though you had nothing really to be ashamed of, because you couldn't know what no one taught to you. How much do you think our communities

that we grew up in, regions, territories or families have to do with what we think about money, mindsets versus assets?

“- Absolutely, I think everything starts with the mindset.”

When I look at how, when I was raised up in school, Bishop, school teaches you how to read, write process information and add, but they do not teach you what to do with the finances. And so they're depositing all the stuff into our minds.

And here's what gets me is that they're giving me

all this information to go get a job to contribute to society. But what's the key point of a job to get money? What's the key point of money to pay bills? So I think everything starts with mindset.

If we have the mindset, then we can have financial stability, we can build wealth. But if we're not training our minds on what to do, how to think about money, how to understand money, how to invest money, how to process money,

how to use capital in debt in a good way, rather than a negative way. If we don't have that knowledge and that information, one thing I've learned, we can all make money, but if we don't have the right mindset,

we can't multiply that money. - Right, right.

“I think another part of our educational system”

that is flawed is that they are getting you who ready to have a job. - Yes, sir.

- But you're never going to be wealthy off a job.

Nobody worries you to make you rich. They hurry you to make them rich. - That's okay. (laughing) - So let's be clear about this.

- Yes, sir. - And the other thing they don't open up the possibility of you being an entrepreneur. If you're being a business owner or if you're being an investor, if you don't open up all the possibilities of you owning

and the air conditioning repairs store or anything like that, and putting you in a place where you understand what a firm, a business firm looks like, what a spreadsheet looks like, what a balanced sheet looks like. Those are not the kinds of things that we normally hear

talked about in school and the worst part about it is if we go far enough in school, school itself becomes a dead. - Oh, Mr. Don't get me started. - No, no, no, no, no, no. - You know, I wrote the book around how do we get our young people

in two debt without, I mean, into school without racking up so much that the average college student is going to graduate with about $100 to $120,000 in student loan debt. But then when they get a job, the average job is $55,000.

So they have all this education, but they do not have one to income nor the wisdom on how to use this degree to correct web. I'm a current member professor at a school in Richmond, Virginia, and I teach consumer economics.

And one of my assignments for my students is that, hey, I want you to identify three major things. What's your career? What state and what is your margin? When I say state and career, they get it,

but when I use the word margin, they're like, what do you mean by margin? I'm like, yeah, this happens conversation. They're going to get, someone's going to offer you a job. But if they offer you a job making, let's say $90,000 in the

you have no margin.

So what I want you to do is I want to understand

your biggest wealth building tool is going to be margin, because if you could take that margin and then you can invest it, if you could start a business, if you could put it in the stocks and bonds, now you can grow wealth a little bit,

but if you don't understand that this isn't it you make today to go to the right state to get the right job. That's the foundation, but that's not the end. That's the beginning for you, but that's not the end all. Steve, I'm so glad you said it because the problem

with national information, it doesn't take into consideration of regional budgets and overhears. And what works in New York doesn't necessarily work in New Orleans. It doesn't. What works in New Orleans may not work in Jamaica.

Yes, sir.

“And so you have to consider the region that you're in,”

the cost of living for where you are, and what the average medium income is in the area of York. So if you don't know the AMI,

you can't determine whether you can live in this neighborhood.

You might live in the city, but the AMI of this neighborhood may not allow you to be as luxurious as you would be in that neighborhood. There are a lot of decisions to be made before you open up your wallet.

Yes, sir. Where do I want to live? What kind of schools are in that area? What are the property taxes if I own a house? What is the upkeep on the house?

What is the utility bills on that? We don't take that into consideration. We just say, I like the house. I buy it. And then you've got to pay the homeowner's association of $700,

you didn't plan on paying. And the house burns gas like it's on fire, like you live in in hell somewhere. And you've got all of these other things to consider. We have to think with our minds about money

from a holistic 360 degree angle.

“And in order to decide to make good decisions,”

I always think you cannot make great decisions

with poor information. OK. Ken, you cannot do that. And I always say, Bishop, I mean, you talked about this earlier. My dad taught me something when I was five years old,

made zero sense to me until I was maybe 30 years old. But he said, proper prior planning prevents poor performances. Yes. Yes. Proper prior planning, I'm like, Dad, proper prior planning,

what do you mean it prevents poor performances? Well, when I got older, Bishop, I looked. I said, wait, I'm-- I started making about six figures around that time. And I was living in California, and I said, wait a minute.

If I properly, probably, plan this six figures, and if I leave California, it may be go to North Carolina. Great. I could do more of my six figures.

And it would prevent me from going broke. So I packed up everything in California. I moved to Fayetteville, North Carolina. Now, my six figures there were rent in California. It was $2,500 from one bedroom.

I'm paying $750. Now I could do more with my money. I was talking with some friends. I said, hey, man, Anthony, you're wealthy now. Why are you not going back to California?

I said, because I'm still single. And I still got a lot of money. I want to keep it. So the lifestyle that I desire, it's going to go in half in California.

So right now at 41, my goal is, let me build my wealth. Let me use all of my assets and skills correctly where I'm at here in East Coast. When I get married, I'm going to retire. Then we can go to California.

But everything to me when it comes to money, when it comes to building wealth. And you know, this is what Bishop, everything is there is a strategy to everything. You just can't just walk into it.

You just can't hope about it. There is a strategy near the system to building wealth. And right now, I'm working my strategy to prevent poor performances in my retirement years. That's my goal right now.

Let's really, what I teach everyone. Especially in school, I want to, I want to teach my students, hey, listen, you're 21. If you can make $70,000, why do you want to go to California, New York?

Why not go to a South Dakota? Oh, it's boring over there. Nothing to do over there. Yeah, but you're not going to do nothing in California, because you're going to be home.

[LAUGHTER]

“So why not go somewhere in 2025 when everything is virtual?”

You can be working from home. The strategy is maybe worth there for two to three years. Stack up your money. Keep your expenses low. Open up a business.

Open up a virtual assistant business. Do something, build your income. Then maybe upgrade a little bit to the life style you want. And moment by moment, you'll get there. Chapter two.

Yeah. [MUSIC PLAYING] How much do you think technology and AI, in particular, has affected our ability to exceed what our parents did financially?

Oh, tremendously. Trammet tremendously. I believe Bishop, if you were not learning AI today, you were going to miss out on a huge wealth opportunity within the next two to five years.

taking a bootcamp on AI, if you're not learning it, and implementing it inside of your current job,

“I think you're going to be even outside of a job”

in the next two to three years. Absolutely. I was reading this article, 5 or CEO sent the whole email out to everyone, and I read it to my staff. And he said, pretty much all, hey, 85% of you all will not be--

you'll be out of a job. If you do not use this to help you with your job, to produce more, to be faster, and to be stronger. I told it to my entire staff. I said, listen, y'all, if we don't utilize AI correctly,

if we don't use this tool that our parents and that my generation didn't have 10 years ago, we all are going to be out of a job, but at the same time, Bishop, if we use it correctly, do you know how wealthy this generation can be?

Do you know how far is going to push them from generating income? There's a 22 year old I was sitting down and just talking with, he started using AI, started his own AI business, the young kid, 22, smicking 55,000 dollars a month using AI.

He's living off of $2,500 a month. He lives out of Charlotte, North Carolina. I'm like, what are you doing with the other money? Oh, man, me and my dad are by a real estate, we're by his land, and we're by, like, other small virtual businesses,

and we're just letting it just sit there and just building it. I said, wow.

“So for me, I think AI Bishop is really changing,”

because if we're not using AI, we're going to miss out. And I think sometimes a lot of us were scared of new things, but what I've learned Bishop, people in your generation who are wealthy,

they're the first people to get into it.

Now, I'm following right behind. Let me take a little bit of a risk and learn it and invest into it, so that way my children's children can be well through it. Follow me, I'm moving, trying to slow up.

But I'm getting there. Yes, I'm getting there. I'm involved in it, I use it, I use a lot of research on it. I asked a lot of questions, I'm learning how to maneuver and operate and get ready to take a Google course

to enhance my ability, which you can take going line three. Free that helps you to keep up with the times. I'm not going to be like my parents, who could afford a truck but couldn't run it. Yes, sir.

OK, so I don't want to end up where I can afford AI, but I can't use it. I don't know how to operate it. Everybody has submission. The pumps are important.

Super. If you don't ask the right prompts of it, you won't get the best out of the technology. And then we have to verify the information

that you get from AI because it's not always accurate.

Yes, sir. One thing I'm learning, Bishop, is the prompt is what we've been learning is we've been teaching AI. First, we tell AI what we want it to do, who it is. Once we educate it, hey, for an example, hey,

you are a writer for Anthony O'Neill. You are a financial advisor for Anthony O'Neill. A strategize and look at the next five to ten years of this and give me the best investment opportunities. You just can't say, hey, what should I be investing in?

Right. You can't do that.

“You need to educate the tool, educate AI.”

And say, hey, you are this. Give me this. What should I do with this? It's not just-- and I think when I'm seeing a lot of people who just get on their say, hey, what should I do here?

And you're not utilizing the tool correctly. I started-- we didn't have it, obviously. Yes, sir. We had credit cards. My dream in life was to have a serious robot revolving

charge account. I thought if I could get a serious revolving charge account, I won't be good. If my car thinks it's like getting some clothes for the kids, I get everything.

Everything was a fear. Why did you say that? I never did get it, OK?

I never did get that credit card.

But that was what I thought initially at that time, because you're just trying to make it. Yes, sir. You're not strategizing to succeed. You're strategizing to survive.

Yes, sir. And while there might be a period in your life that you really do need to survive. So you can't succeed. Yes, sir.

You can't stay in survival mode the rest of your life. And you're teaching your children survival as a status. And it becomes a way of life. If you have John Hopkins says this all the time,

if you hang around nine people that are broke, you're going to be the tenth one. You will be. Just being in the atmosphere with people who are thinking about finances, particularly with their inflation,

that we have now, the currency change, the crypto, the cyber currency that's out there now, there's a whole different conversation than what we have even five years ago. Yes, sir.

But it is also leveled the plain floor because everybody's new to it. Everybody. So you got equal opportunity to change to be successful. Yes, what do you think about it?

No, I think Bishop, if you're not using AI,

because one thing that your generation didn't have, and I would say my generation, we had AOL and Yahoo, right? Yeah. And so for us, right now, information is at your fingertips.

“If you hear something, you should be able to open up an AI tool,”

not Google an AI tool, at least get some information, and then also then take the information and go verify it for sure. But when it comes to learning something about crypto, or at least learning the basic information about crypto,

about the stock market, about mutual funds, about 401k, about investing, you should be able to get the information very, very quick. I tell this younger generation, if you can learn the latest song from a gospel artist

or from a hip-hop artist, but you can't tell me what a 401k is.

The problem is not the world issue.

Right. Because you took the time to go in research and learn that song. So let's figure out a way, how can we research and learn some of the basic information

about math? But I gotta say this, AI, you do have to still be careful when it comes to the finances of things with AI, because all the information is not correct. Very appropriate.

And so you do need to step back and seek with the financial coach or financial advisor, a CPA, a tax strategist, someone who is proficient in that field, who has a degree,

but what I tell everyone is before you even go talk to them, do research for yourself. Use AI to have the ask them questions, and when as they're talking, I do this with my financial advisor.

I'm chatting, you said what again?

If it's new to me, I'll type it real quick, because I want to confirm it for myself. I tell 'em even before you ask the question, get a glossary of the language. - That's interesting. - Because you can get in the room,

get in the room where it happens. Where it happens. - In the room where it happens. - Yeah. - But you're not going to understand anything in the room if you don't understand the language.

And people who are into economics have a language that will leave you sending in the room drinking coffee, but you won't know what's going on, but if you don't learn the terminology that are appropriate. - Man, the terminology of business is very important.

I was on the cruise. And I studied the money space every single day. I have a Master's degree in finance and church management. Bachelors in finance and bank and then completed my doctorate. This year in finance and investing.

And I was in this room. I was on the cruise and there's these wealthy, wealthy individuals talking. I was in there listening, but they said something. And they said this term of five, twenty-nine.

I knew about the term of five, twenty-nine. And I said, okay, but that's for kids. The five, twenty-nine college plan is a college investment, specifically for kids to go to college. He said, yeah, man, I haven't paid it for any of my kids

to go to school, really out of my pocket. But one thing I love about the five, twenty-nine, it's not really just for my kids, it's for me too. And I said, wait a minute, I know the term. I know the language.

I even know what the five, twenty-nine is for, but when he said, but it benefits me just as much as my kids, I was like, okay, wait, talk more. I understood the term I was in nervous. I was ready to have the conversation.

When he said, hey, the five, twenty-nine because I live in Maryland, I'm allowed to write off up to a certain amount of that money. So I'm sitting in a way to make it. I'm on the cruise.

The internet is slow, but I'm asking beyond. Wait, wait, wait, wait, is this true? Like, wait, is this really? So when I get back bishop, I go to my fund

“into the advisor and I say, how come you ain't telling me this?”

Because another part of building wealth and really going from survival to thriving is not really just about how much money you make. It's about how much can you keep in what it's a strategy. So if I can give my kids, let's say $2,500 for the year,

to go towards the five, $2,900, but I can also now write that off. That puts more money back into my pocket. Now I'm sewing into my kids, rather than to the IRS, and it helps me out, but it also helps out my kids.

- Chapter three, decreasing value of dollar. Let's talk a little bit about the decreasing value of dollar. - Yes, sir. - Yes, sir?

- Because you can have a million dollars,

but if they're valuation of the dollar is the same, it's an hour, or a pesos, you don't have anything. It has dropped about, I think, of 30%. - Is that it? - Is that it?

- Yes, sir. - So a million dollars is worth $700,000, so a hundred dollars is worth $70,000, that's $70,000. You know, on down the line, damn it.

“So the 30% drop means, do you have to increase your earnings”

to keep up with what you had before, so what was your goal before the valuation decrease, has now changed and it has to be up 30% to be a hundred dollars again. I got to make a hundred and 30 to have a hundred dollars again, okay?

- Yes, sir. - When you look at bricks taking over globally, and you look at other currencies coming in, and the flood of dollars coming back, when you look at the Fed rates changing,

what do you think the future holds for young people

Are we gonna have to work with all financially,

“to be not even rich just to have our heads of the water?”

- I think we will, honestly, I am concerned, but not concerned if that makes sense. I'm concerned to make sure that we give and teach the right information. I'm not concerned because I believe that this generation

has the better earning potential than any of our other generations. We're seeing a rise of this social media influence of world, you know, where they're making millions just for doing something. We're seeing a rise of young people starting businesses. We're even seeing this young generation moving out of the country,

going to other countries, working internationally, but still earning the US dollar. And so I'm not really concerned about young people surviving.

Here's what I am concerned about is,

they're gonna make this money, or do they have the information and the education to keep this money in to multiply it. Prime example, if the dollar is going down, like you said, about 30%, there's two things you gotta do.

We need to earn more, but then also what we're earning, how we're investing it to keep that money grown with the inflation. And so for me, it's like, okay, if I'm gonna earn less, then what, how do I place this money into vehicles and avenues that can keep up with inflation,

that can keep up with the dollar going down. So instead of keeping my money into a regular, say for an example, regular savings account for an emergency fund getting, let's say, 0.4%, while I'm gonna put them to a high yield savings,

that's giving me 45%. Instead of keeping it inside of a regular savings account,

or keeping a large amount of money,

'cause we are starting to see this now somewhat, well, I'm gonna put that money into a good mutual fund into a good estate to where now earning about 10%, 12%, so we have to be strategic on, okay, yes. Let's earn more, but whatever's outside of our expenses,

how do we put that into a vehicle that can now keep up

“with inflation to where I now, our money is making more money?”

- That's something we gotta think about. We still have the strongest GDP in the world, okay? So at this point, we're not in real bad trouble. - No, but we gotta be watching it. - Right.

- 'Cause the fastest growing GDP is coming out of Africa. - Sure is. - Okay, sure. - So the youth is there, the money is there, the resources is there, and instead of going to another country

and putting your money back into dollars in America,

we might not be thinking about putting some of our money into Africa and into China in different places like that, and investing internationally. - Because currency means it ought to be flowing. It's global, it's global, you gotta think global,

you can't just think communal, you gotta think global, do you agree with that? - Absolutely, Mr. Bob, I'm actually buying property in Ghana at this present moment, because what I learned was, and I take a group of people

over their every single year just to learn from your perspective, like, wait a minute. If I could buy a home here in America for this amount, do you know how much I could buy a home in Ghana? - Great.

- So we're purchasing land in Ghana, and I'm excited because just for an example, one of the homes will be purchased was $450,000. I'm not finding that here in America, and so what we're gonna do is take that property,

rent it out, Airbnb it out, however we wanna do it,

“but the fact is, I'm looking out at every aspect,”

not just here in America, but where else out of the country can I sow into one, because Africa is dear to my heart, so I'm giving back to that area, but at the same time, it produces more wealth, and it's a different machine for me there,

so I think Bishop, we have to be strategic. And all aspects, but again, people won't know that, unless you're listening to podcasts like yours, since they're in the room, learning. Hey, y'all, there's different strategies,

not just in America, but you can make money over here in Africa, some people are even going to Puerto Rico, Bishop. - Oh, absolutely. - Because as I understand, if I go to Puerto Rico live there half of the time,

what's gonna save me in my tax? - Yes, absolutely. - So everything goes back to the word for me, strategy. What is the right strategy to keep as much as my money, to keep me growing and moving, flowing,

but we gotta be in the room, don't you say that? - Well, in Texas there is no state taxes, okay? - Yes, sir. - So you can put that into, that makes a big difference. There's a lot of things to consider.

That's where you live, where you wanna go, where you wanna invest in order to be, able to be a fluent and successful, and you, the ultimate goal is for your money to be making money. - That's it, Bishop.

We gotta get to a point. I believe, and I have this written around in every single room that I frequent in my home, that I wanna stop exchanging my time for money and start exchanging my money for more of my time back.

We are so good at working two, three jobs.

“We can go out there and work like a Hebrew slave,”

but I'm tired of working like a Hebrew slave. I want my money to work like a Hebrew slave. I wanna be a better father. I wanna be a present father, a present husband, a present grandfather from Blessed Be There,

but I have to figure out, wait, how can my money start making more money to where I have more time to do the things that I desire to do to spend the time that I wanna spend with the people that I want,

but we were trained, I was trained growing up, go to school, work 40 years, to only get 40% of your paycheck. - Get your gold ones. - Get a gold one.

(laughing) And retire well. And I'm like, I don't wanna retire. What I wanna do is just continue doing what I would love to do, but I wanna get to the point to where my money,

I don't feel like I retired.

I feel like I actually elevated.

This thing detects this represents 10% of the national GDP. - Yes, so. - It's all money. It's all well, it's gas, gas, yeah.

- It's all kind of resources like that. - Yes, sir.

“- But it's also companies that have spread”

their wings into other parts of the world. So you look at companies like Google McDonald's, they're popping up all over the world. Can't see it's everywhere. - Yes, sir.

- Okay, you get you a greenspeeds game anywhere in the world. - Okay, because the people who are really, really serious about business, don't have any prejudice about capital. They might have prejudice about anything else,

but they don't have any prejudice about capital. They will get capital from anywhere. - Anywhere. - So you would have Asian people selling like people weaves, okay?

Because they understand that green is an ultimate purpose of getting up in the morning going, - Yes, sir. - Yes, sir. - You don't hear people in church talking about that, and maybe they shouldn't.

But there ought to be some place where you can go and get some information that helps you to be stable because there is a correlation between poverty and crime. - Mm-hmm. - Whenever poverty escalates, crime goes up.

- Yes, sir. - Hate goes up, racism goes up. When people aren't doing well, they need somebody to blame. They need somebody to hate.

And so the societal health is earmarked by how well we are doing financially. The love that I wish above all things and you prosper. And being good health is your soul, that's prosper. So there is some correlation

between how you are spiritually, how you are financially disciplined. If you don't have discipline about one thing, you don't have discipline about anything. It affects everything, yes, sir.

What do you think, can you name some places where people can readily get this kind of information by the way, I'm not an expert. We just have a conversation. Do your own research.

- Please enter in at your own research. Number one, it's changing every day. - Yes, sir. - Yeah, it's starting market, it's changing every day. I don't know whether it went up to day and down the day.

- Yes, sir. - Yes, sir. - Yesterday it went down. - It did. - Yeah, it went down.

- Today the market was even. - Okay, yes, sir. - Yeah, sir. - Yes, sir. (laughing)

- I didn't even look at it. I didn't want to see it. I didn't want knowing anything about it. And if we come on for some of these political shows and start looking at some of these financial shows

because we really began to understand that the financial show is driving the political atmosphere. - Absolutely, absolutely. But I will say this too, Bishop. I'm gonna answer your question.

When the market gets to go down, I honestly get a little excited. I don't look at my portfolio. I just called my financial advisor. As a money guy, so he listened,

what stocks should we be buying right now? - Right. - What stock is on sale? - Yeah. - And I think oftentimes what I'm seeing

is because of the lack of information is people would tend to pull out. - Right. - And I'm like, don't do that.

“- That's the worst thing I'm gonna do it.”

- The worst time. You need to be asking how can you buy into it? And man, five years ago, one of my friends - There's longer than that grace. - Yes, sir.

(laughing) That's why I call it money into the body of the lady. - And what stock do you see working? - You know what's gonna bounce back, right? But there's a lot of resources out there.

You have investors.com, money.com, that I say from an educational perspective.

I say never take financial advice online.

Take it from a licensed financial advice, right? Because everything online is gonna come from someone's perspective. But you need actual facts and data when it comes to investing your money in your time. But I love money.com from an educational perspective.

Loveinvest.com, from an educational perspective. I love my podcast, from an educational perspective, right? But I tell everyone, like, hey, go seek a financial advisor who is studying in this eight hours a day

And you know that, Bishop.

And so I love those two particular resources and my website.

“But I think one of the generals, who I love,”

who's a good friend of yours is John Hope Brian, his podcast, I listen to his information. Every single podcast he comes out and spree. He's super brilliant. He is a general to me in the financial space.

We talk almost every day. I love John Hope. (laughs) I pray that in the financial space that I get to his level when that.

Chapter four, live within your mates. It's important because we need to be thinking about being able to send our children to school. - Yes sir. - Being able to make better choices.

Being able to take care of ourselves if we get incapacitated, used to be one

and we would run up, you know, grandpa said

I'm the front porch. And we brought him some colored grains and some sweet potato pie. And he said I didn't fell asleep. Till one day we came out there and he was dead.

That's not working anymore, right? Because everybody's at work. - Yes sir. - So people have to put people in homes not because they don't care,

but because they can't lift him anymore or they've got to work every day

“or they don't have enough help to be able to do.”

And then it's very, very, very expensive. I know they had Alzheimer's. That is very expensive. I kept her in my house, but not everybody can do that. - Thanks.

- And it's very, very taxing on you emotionally mentally. And you have to have a strategy

and it cannot be built on your children.

- Okay. - Because you cannot be sure that your children are going to take care of you like your grandma took care of her great grandma. - No sir.

- No sir. And I relate to that. My mother took in my grandmother. - Mm-hmm. - And when my mom took in my grandma,

do you know how much that impacted that house? - Oh. - Mm-hmm. - It took finances from the family to protect grandma because grandma was depending on her daughter.

- Right. - But grandma I believe, God restores so that she forgot that her daughter had a family. - Right. - And the children had to pay for that.

And so one of the things that I believe is that we have to have the right and the proper investments in place, the proper insurance is in place. When it comes from long-term care, short-term care, life insurance, redest term, or life policies,

we have to start having that conversation. Now, so that way, when life happens, you are in a position to where now,

“the only thing that is going to impact the family,”

it's just a little bit of time to help you get situated, but it should not impact the family financially, or even emotionally. And so that's one thing I do believe we gotta start having a conversation, which do we have the right,

insurance policies in place, do we have the right such a strategy in place to make sure that when I get older, that my children aren't impacted, here's my goal, Bishop, it would happen now. If I had kids now, I met a point to where they would just

have to move me in, but if I move in, so does my money. So does resources. So I'm not coming in and taking, I'm coming in and providing more resources. And I think, and it's not expensive if we start early

and putting in the proper procedures of... And if we provide them with information, because the reason that most people hit the lottery and broken three years is that they get the money, but they don't get the money.

Yes, sir. So if you're gonna leave a money, you gotta leave more money than you leave money, or they're gonna blow through your money, like it's a hurricane, and it's a real problem.

It's something really to be thinking about, because we are seeing one of the largest wealth transfers in the history of America, and the big problem amongst wealthy people is, yeah, if nobody leaves the money group.

Bishop, one of the things that I've done, Bishop, is not married yet, don't have any kids. But God can... Don't do commercials on my property. (laughing)

That was funny. That was a good one, but it was a good one. It was a good one. Hey, but six years ago, God, he convicted me and said,

I need you to start writing down every single money lesson that you've learned, and put it inside your estate plan. So that way, when you pass, and you leave all this wealth of information

to your children, to my nieces and nephews, that you're not just leaving them a check, but you're also leaving them, what you, the mistake that you made, and what you learned from that mistake.

And I think that is important, because I'm not just giving them that, and instead of my state, if I was a pass today,

it is written inside of my trust,

that they have to read this and provide it to my brother, who is my state holder, who it executes the estate, and they gotta provide answers before they can get any of the check.

So they gotta provide me, they gotta show me that they learned before they can benefit from my estate. - Okay.

“I think we have two different philosophies.”

Not about that, but about what I'm about to say, and I might be wrong. - I was told that you don't believe that we should try to answer all the mobiles. - Yeah, yeah, yeah, yeah, we disagree with that mission.

- Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, we should pay cash for it. - I believe, yes, sir. I believe that when it comes to liabilities, I believe that until you have a certain amount of net worth,

you should keep your expenses and you're consumer debt down extremely low. Because it's like, if you buy a car, and I would love to have this conversation, which is because you are a general and I respect your words.

I believe that this, my generation, will go finance an $80,000 car, just because we light the car and we look at it. I would not have a problem if someone came to me and said, I finance the $10,000 car because I didn't have the funds.

My problem is we finance closer three times more than what we can afford because we gotta prove. - See, that's a whole different mistake. - Okay, that's a whole different mistake. I look at it differently because I think

the capital is king, once you give up the cash,

you can never get it back again.

If you finance it and you're reasonable about getting something that you can afford when you get ready to trade it in in a few years, you pass that debt on to somebody else and you still got the cash.

If you pay all the cash out, you're now your carless and cashless. - Yes, sir. - So you wanna keep enough cash reserves

“that should something come up that you need to pay it off”

because you always can, but you can borrow and invest the money and make more money off of the interest off of the investment than you're paying the interest on the loan. - Now I like that, but should if they were doing that

or something that they can honestly afford. - Right, so that goes back to the mindset. Now I see, we gotta stop bling him. (laughing) By the way, we wanna, and begging what we need.

- There you go. - That's a big problem, you go. - I'm not talking about that kind of thing. - Yes, sir. - Because the person who has the sense enough

to take their money and invest it, is I'm assuming that they're smart enough that they're not blinging trying to impress somebody because they wouldn't have the delayed gratification to be an investor, or I'm assuming that.

I'm assuming that the stock market's gonna continue to make 10 to 12% and interest. And I'm assuming that the interest on the loan is gonna be less than the couple of gains of the money and I'm gonna pay less off of that.

And I'm assuming that I'm gonna pay some of that debt on when I traded in and somebody else is gonna pay it off. - Now you're assuming that you're at your season of life. What I'm seeing when I'm coaching this generation, I would say at the time of this recording this,

and between 25 and about 45 to max 50, they are not assuming anything. They're just buying what their eyes says, they like you. And not really what their budget says. For an example, I had a young family come to me

and they purchased a home and their house port

because they got approved for half a million all the home,

but their bills, their check, their income said, they could only afford $310,000. So I think oftentimes when I'm trying to show people is, get what you can afford, not get what you can get approved for. - I think that's important.

“The other thing that I think's important,”

if you're gonna spend $300,000 on a house and it's worth $500,000, I think you're in a pretty good spot. - Absolutely. - But if you're gonna spend $80,000 on a car or by the time you drive it off the lot,

it's only worth $40. - Exactly. - Okay, so you might have to take $40,000 and just blow it right out of the window to begin with depreciating assets where we put our capital

and close and cars and stuff like that. It's not the way to go. We need to be putting our money into appreciating assets because you can really set up your own investment by buying appreciating assets and control

how much they grow about what you sow it into and it still becomes a part of your portfolio. - No, that's exactly what I did. - I bought some appreciating assets. I don't believe in buying new cars.

I believe that that is a complete waste of money. - Right, and so my thing is it has to be at least two to three years old for me. And so what I did is I made an investment

I went and bought my dream car.

I remember my dream car as a big boy. It was about $300,000, but I didn't spend it. My ass is bought it for me. So I allowed my assets to buy a liability and I bought it at a good rate,

but you're absolutely right. Still when I drove that off the car, it still depreciated, right? But it wasn't from my heart or me exchanging time for it and I didn't borrow for it, but at the same time,

“no, I think that if people are getting strategic”

and if we're really sitting down and saying, okay, wait, this is what I can afford. The debt is not really the problem for me. Here's a problem for me, Bishop. Is the interest that we pay on a debt?

That's where I'm like, I don't, I just feel weird because when we really study it, people are paying to bear minimum, they're not going into it with a strategy on, okay, wait. Am I gonna get out of this quicker?

Or am I just gonna sit here and just pay to minimum?

If you look at 88% of the people who carry a credit card balance, pays to bear minimum every single month. - Yeah, great, great. - So, no, but at the same time, no, Bishop,

I mean, have I said this publicly before? I'm gonna sit on your show. I have a business credit card, but I paid off every single week because I do not want to pay interest on that money. That's where my strategy.

- I get it, I get it. - So, we're, I think we're like 80% there, but I'm gonna sit here and go, (laughing)

“- You can fight about it later, chapter five, inflation”

and interest rates. What do you think about the increase in inflation and the lowering of the interest rates and do you think it's going to help to right size the economy of the country?

- Bishop, right now, I want to sit a little bit more

because when we see the lowering of the interest rates

from the phase and what we're also seeing is that we're seeing a lot of people without jobs. - Right, right, and so for me, it is a little concerning because as if we don't get those jobs back. - Right.

- Then we're gonna have even bigger issues. And so when people getting sad, okay, it's raise a comment down, yeah, it's coming down because we're seeing that we just, we're seeing a massive amount of jobs being laid off.

I think a lot of that is coming into place because of AI because of some other things that's surrounding that. And so for me, I'm studying it a little bit more because I want to figure out how we're going to balance this.

I want the interest rates to come down but I do not want to see jobs coming down as well. - I don't want to see jobs coming down and I don't want to see, I'd love to see the interest rates come down.

- Yes, sir. - But not the expense of the property going up. - There it is, Bishop. - Because generally when the interest rates go down, the property value is going up.

- Yes, sir. - And so it washes out at the end of the day.

“And so you have to be very careful about that.”

- And I believe home ownership and real estate is important in today's end times. - Absolutely. I think that that is one of the key ingredients who really build and wealth because we all noticed,

McDonald's doesn't make their money because of burgers, is because of real estate. - I'm screwed. - So it was like, I think for us, if the prices go up like you said, but the interest rates come down,

now we're spending more money for the house, it washes out because we're just paying lower interest on a higher house. And then, wash this though, if the prices come down, that houses go up, but I don't have a job.

- And now I'm struggling to maintain that house. - See, it was really stupid. (laughing) - And so, and it's not even just jobs coming down, Bishop. Entrepreneurs are coming down because the market is just

shifting and we're not producing as enough entrepreneurs. So I'm really studying it because I want to figure out where are we going to go? How are we going to even out? And how do I educate from here moving forward?

- You know, we have the sole form for entrepreneurs where we train them. And entrepreneurs, it's such a big, big phrase. - Yes, sir. - It covers everything from the barbershop,

to the beauty shop, to the tech person. It can go anywhere, to the plumbing business. It can go anywhere, depending on what type of entrepreneur and what type of capital you have and what you invest in and how much your pay roll is.

Because a lot of times, your business philosophy that you work at home is the same philosophy that you work in your business. - Yes, sir. - Because all of it is coming out of the same brain.

- Yeah, yeah. - So if you don't get your home straight and your financial straight at home, what you learn at home, you can transfer that over to your business or don't learn,

you transfer it over to your business. It's almost like COVID. - Yes, sir. - You can catch it easy. - Yes, sir.

- Okay, yes, sir. - You're poverty. - Get your home right. - Whatever, like you said, it transferred to the business. So if you're not budgeting at home,

you're not going to know how to budget in your business. If you're not investing personally, you're not going to know how to strategically invest in your business to expand it and to take it to the next level.

which I'm also seeing a lot of people care more about their business life than they care about their personal life. I'm not both of them are just as eight. - Yeah, yeah.

- Okay, why don't you pick the other one? - Yes, sir. - When you start talking about jobs, what's going to be left in five years? - Mm-hmm.

- Okay, when they say 80 million jobs

are gonna be taken away by AI, I think 70 million. And 80 million new jobs are gonna be added on,

“but you have to be qualified to get that 80 million.”

New jobs, a lot of our people, because one of the reasons we got COVID in my opinion, first ahead of other people is because we have a lot of public facing positions. - Yes, sir.

- Public facing positions are going first, yes, sir. - Okay, they're going fast and they're going first, yes, sir. - So those people who lose their jobs, how do they transfer that situation into some sort of capital that sustains you?

- I'm telling everyone right now, if you're not AI is not gonna take your job. AI is gonna take your job if you don't know how to use it. - Right. - So it's eight, we're gonna lose 80 million,

we're gonna gain 80 million.

We're gonna be the people who've learned AI.

- Right. - And so I think for me, how do you use it? Right now, jumping in the boot camps. And I say this as a professor. I even think now,

probably about 60% of the people who are thinking about going to a traditional four-year university, probably doesn't need to go to a boot camp, go to a trade school, go to an AI school, learn a specific skill, get a certificate.

“Now, of course, there are still, I think, a huge importance”

for a traditional school, Dr. Lawyer attorney. I'm even sometimes from a seminar perspective to get the education. But if you're saying I wanna go to a four-year university just to get the best job,

I need to step back and be strategic with that. Because there are boot camps out right now, Bishop, that I know of one right now, that's $500, you're there for maybe 16 weeks. They're teaching you AI automation companies right now,

like a Google, like an Apple. They're paying people to come in and to make their systems better and make it automatic and their paying these individuals $100,000. From a 16-week boot camp, that costs $500.

So I spent $500, I got a six-figure job. That's a great ROI on my time, money, and investment. And so I think in the next two to five years, if we're not utilizing and learning everything that's coming in the near future,

yes, we will be out of a job. Which is why I'm telling everyone, go learn. Even though you're only a nine to five job now, go get a certificate, go to a boot camp, get the learn to trade, and I promise you your job will be okay.

- There was an article came out about a year ago when Tyler Perry decided that he wasn't gonna build any more studios because technology had changed the game so that making movies no longer required,

“the amount of staff that you need to have”

in order to maintain business. As technology increases, not only does it affect entertainment, it also affects medicine. - Yes, sir.

- You know, I just had a massive heart attack a year ago and they did the whole surgery through my wrist. - That's just crazy. - The entire surgery through my wrist while I was awake. - You were awake?

- I was awake the whole time. So there I am listening to them talking about what they're doing and how they're piercing the ventricle between my right side of my heart and my left side of the heart.

And I'm wide awake and they're running it up. And my surgeon is operating a computer. - And I'm glad about it. (laughing) - I'm glad about it.

- Yeah, I'm glad about it. - Yeah, I'm glad you had to open you up, but I'm like man. - I'm glad about it because I'm still sitting here today. - Yes, sir.

- I left the hospital in three days with the mandate over my wrist. You can't even see where it will go, sir. It's gone, it's completely gone. So technology can be a blessing.

On the other hand, technology can blow up our grids. - Yeah, yeah. - Send down our airports. - Yes, sir. - Cause our planes to fall.

- And we see that. - And I'm concerned, our laws gonna catch up with the technology and are there gonna be any restrictions or are we so busy being in a race with other countries

to be first that we outgrow our guardrails

and go with the cliffs? - That is something that I have been thinking about, Bishop, and I have not done a lot of research in that because I see as trying to be first, but I'm seeing I was in an airport.

I think it was about three months ago and something happened to where this particular airline everything shut down and we was in an airport for 16 hours.

that just went out. And I'm like, okay, wait, this is about to be our future and are we gonna have anything to protect this from this happening again because if I'm not mistaken, the article came out that someone kind of hacked the machine

and I'm like, wait, wait, wait.

So are we building up guardrails for this amazing software

that we have, this amazing tool that we have but are we building up something that's gonna protect this from this future and I would love to see us do that, but I also still want us to be first Bishop. - You want us to be first-- - Oh, yeah, I do want us to be first.

- I think I want us to be first in a particular area. - What area is that? - I don't know because there are so many different areas that you can take a, that you can't be first in all of them.

“- Okay, so you have to decide if it's gonna be medical,”

if it's gonna be engineering, if it's gonna be automobiles, if it's gonna be self-propelled cars, you can't be first at everything. - Yes. - Like you can't be good at everything.

We need to be specialized in a particular area, build some guardrails around what you can and cannot do in our country and that area, this is my opinion, nobody cares about it, so I might as well put it out there. - Yeah. (laughs)

- But you're not gonna be first in everything

because if I'm racing you and all I'm doing is watching your feet, you're gonna run me. - For sure, yes. - I've got to be sure that I am in my lane, doing what I'm good at doing for a particular purpose

to accelerate the economy and the wellbeing and the job creation for our people, in respect of a race-creator color. - If I was to comment on that, if I wish I would say then, if we're gonna be first

and anything, I will go back to, I wanna be first in health, because if we're healthier,

“then I believe we can build more wealth.”

And it gives us more time to build more income to leave behind for our kids. I don't care about automobile bills. I don't care about even technology. Well, we need technology to save us,

but the technology you just had, but I would love for us to see that when it comes to AI. - Let's go, let's do health for you. Let's do health. Chapter six, top five, money mistakes.

When you think about it, what are the top five money mistakes that you think we should avoid in order to be sailing, because not everybody's following our conversation. You know, we left them alone. - No, no, no, not everybody is there.

- If I'm a ground level, every person making $70,000 a year, $60,000 a year, what are the top five money mistakes that I should be working on right now? - I think the very first money mistake, I think a lot of people have,

well, do not do was eight, number one, they don't have a money vision, you know, as far as in, okay, where do I wanna go, where do I wanna aim and how am I gonna get there? I have a lot of couples come to me with money arguments

and what I find bishop is that you're arguing

over money because you all never set down

and had an agreed upon a vision and a goal. So I think that's one of the first mistakes, where the emeritus single, you gotta have a clear vision. Number two, followed by the vision is, you gotta have a budget.

“You need to know exactly every single thing”

that's going on with your money. I was sitting down in a room with a very, very, very wealthy guy and he asked me, Anthony, what was the last thing you spent your money on? And I had to guess at a bishop.

Well, this guy makes crazy money. He said, yeah, I spent a dollar and 52 cents here, I spent $3 there. He knew exactly where he spent his money. Here I am, I'm worth, what I'm making a year,

he makes it in a week. And I couldn't tell him where my money was going and he could tell me where his money was going and I felt so convicted by that and that's when I started budgeting in my late 20s or 30s.

So that's number two, number three, start investing as early as you can. The studies are so in that averagely on average, this is one reason's why bishop, I'm a huge fan of not having consumer debt

because study shows that when you are in consumer debt, the average person's only investing in between two to four percent of their income. And so my philosophy is like, hey, one of the biggest mistakes you're making

is not investing as early as you possibly can. Because now you're missing out, say for an example, if you have a job and they offer you a Roth 401(k) with a match, now you're missing out on free money.

And so I don't, I don't want you to miss out on free money. And so I think that's, when you said five, how many was that, four, that was four, three, four, three, that was three, okay, then number four is not teaching your kids about money early on.

when they're four or five years old, one of my good friends, she's a school teacher and she's an elementary school bishop.

And first, second and third grade,

she takes them on a college tour in the third grade, world. The parents are like, why are you doing that? They don't know what it is. She's like, no, I'm exposing them because more is caught than what is actually taught.

So now they'll understand, wait a minute, I want to go to that big school. How do I go to that big school? 'Cause the image is there. So now as they're going older and getting through the next grade,

now their mental is, I have to get good grades because I want to go to that big school. So my philosophy is when the biggest mistake is, we don't have a conversation with our young generation early, it may go over their head,

but it starts a question, it starts a conversation. Then the fifth one is really just sitting down and just asking yourself, Bishop, what am I doing? Where am I going?

And when I say that question, it is literally,

what is the strategy? When a biggest mistake I see people make it, we do not sit down with someone and say, this is how much I'm making, this is where I want to go, what do I need to put in a place to get there?

We guess we'll get on a TikTok, we'll get on YouTube, but we won't sit down to get the actual wisdom from a professional to give us a plan to follow. And what I've learned is that if you can just

“honestly get a solid plan that is tailored for you”

and for your home, it is easier to build something successful rather than just going to take time. Let me say this, for example, in my own life, I can scarcely remember when I was at working. I've been working almost all my life,

but it was cutting grass or pests and tapers or helping my father sell fish, I've been working all my life. So when I was about eight years old, my mother,

who we worked to the top of the street and caught the bus,

it's downtown, to come all by the bank, and I can't remember for sure whether it was my birthday or Christmas. She got me a past book savings account from my birthday. Okay. - Yes, sir. - I went to a very sexy toy, and I couldn't,

I couldn't thank you to school and brag about it, and it didn't make any sense, but it did start a mindset in my head, sir, that if you're gonna work and make money, you ought to be putting something away.

- Have to. - So by the time I was 16, I had built up a substantial amount of money back at that time, because she made saving important, and she rewarded me based on how much I saved.

“I think that kind of thing, as small as it is,”

it's important, it's important that we do that. And I would also say that even though you don't know to start marketing, you don't know what all those letters mean at the bottom, and you watch some of the financial shows, and you can't keep up with what they're doing.

Watch them anyway. - Watch them. - Yeah, watch them anyway. You pick up a phrase or two. - Yes, sir. - Then later on, you learn what capital gains means. Then you were talking about a state planning.

- Yes, sir. - You start thinking about a state planning, you start thinking about a trust, you start to decide whether it's your vocal boy, your vocal, your vocal trust, and your knowledge begins to expand by exposure.

- Yes, sir. - If you are not exposed to it, you're not gonna grow and do it. And instead of being exposed to it, we start scrolling on our social media, listening to people who don't really know what they're talking

about, one person's telling you, don't drink any more carrot juice at all. - That'll drink no water. - There's lead in the water, and you drink the water, you're not saying the water.

I can't bring water. - Yes. - I can't eat nothing. I can't bring water, and the parasites are coming out and you're breaking it, you know, sometimes they're right, sometimes they're wrong.

- Yes, sir. - Finding trusted sources. - Have to. - Proven sources. - Yes, sir. - When you get on the internet and you start teaching something, you have to ask yourself,

“what does this person have to show for their wisdom?”

- Yes, sir. - You know, proven wisdom. David, what I love about David when he farted alive, he would not fight with the weapon that he had news. - Yes, sir. - Yes, sir. - He's proven weapons to bring down giants.

- Yes, sir. - If you're a giant, your Goliath is dead. - Yes, sir. - Okay, sir. - You can kill him with a rag and a rock, but you've got to have a proven weapon

if you're gonna be successful adorned. - In Bishop, I'll say this too. You said something earlier, you told them to watch it. Why they're watching it? I wanna encourage you to pause and take a screenshot,

because you're right. All those words and numbers and graphs, everything is gonna seem so confusing. Take a screenshot, here it goes, go back to AI. - Yeah. - Up, loaded to AI.

- Excellent. - And say, hey, look at this and give me the meaning of every small three digit word,

And AI will give it a basic understanding.

So now you start growing your knowledge every single day when you see that information.

“- You know, something else I think is important.”

If you're focusing a lot of your attention on training on people, please tell them this. All the age does not mug you. It does not sneak up on you and mug you. - Yes, sir. - In warn you, while it's coming.

- Yes, sir. - Okay. - So you know inevitably, you are not going to be young long, sir. - Yes, sir. - So the Bible said, Benjamin shall revenue as a wolf. - Yes, sir. - And the morning,

he should have hired the prey. - Yes, sir. - In the evening, he should have hired the sport. - Yes, sir. - So while you're young, devired the prey. - Yes, sir.

- So that in the evening, you can devide the spores.

- Yes, sir. - So you're not walking around

on a walker in a grocery store, talking about, "May I help you?" - Come on, Bishop. - You understand what I'm saying? - Yes, sir. - So you've got the plan on a day that you don't feel as well as you do right now.

You've got a plan on a day that you can't get on your knees and get up like you used to plan on that day. And if you don't work, use your youth for something that protects your old age. - Yes, sir. - It's so frustrating

that amount of people that we bury, even in this church that have no life insurance, that we have to end up either paying for or raising an offering in the funeral, or have a go-fundee.

- But they had all kinds of clothes and had to get her shoes and whatever else they wanted, we've got to get a strategy when we are young. - Yes, sir. - And it didn't have to be a whole lot of money

for it to grow exponentially because it's gonna compound interest over from year to year. And then look at yourself every year

“and this is what I do, it's very, very important to me.”

I look at myself year to year to see how much I have grown from year to year. Am I going forward or am I going backwards? - Yes, sir. - Because you can follow backwards and not notice it.

- Sure can. - You can follow backwards in the end with expendable goods and perishable items. If you don't look at spreadsheets and see where you are in the course of things.

Because soonerally, I declare yesterday, I was 38. (laughing) Yesterday, yesterday morning, I was 38. You were 38. - And by today's evening, I am 68.

(laughing) - I don't know, that 30 years flew by so quick. - It sure did. - It seemed like a lot. - Yes, sir.

- So planning on getting old is bigger than planning on a big house because you're gonna down size the house anyway. - Yes, sir.

“- It's better than planning on a big car”

because you're gonna outgrow that. You're gonna outgrow your need to blame, yes, sir. - Because the more you mature, the less important it is to you what people think about you.

- But it's never gonna go out of style

to be able to take care of yourself. - You know what, Bishop, you are absolutely right. I, at 32, 33 years old, I was just chasing money and I wanted to chase success. And then when I sat down with my doctor right around 40,

she said, if you keep this up, it's gonna hurt you long term. And now at 41 Bishop, the things that I was chasing back then, I don't, I no longer desire today. - Right.

- I desire to be healthy, I desire to be mentally healthy. The things that I was chasing down on my mind, I wish I had this information when I was younger. And you're right, I knew it was coming. Just yesterday, I was 30.

- Mm-hmm. - Just yesterday, I, I just graduated high school in 2000. - You, you just, right now. (laughing) - And so it was like now to see my mind

and say, I don't care about that anymore. See my mind saying, man, I, I would rather drink a couple of water than some sweet tea, but I show them some sweet tea every now and then. (laughing)

It's like now. - That was a disclaimer. (laughing) - But it's like, I desire, my desire is different in this season of my life.

And I'm loving this season and it's just so fun because you know what it is, Bishop. I'm pretty sure you said this isn't pretty sure you're choosing to say it now. I just wait till you get older.

I'm not gonna ever do it now. I sell out my mom in my day. Just wait till you get older. - Yeah. - You know, in this like, wow.

So I want to say to your generation, Bishop, thank you. Thank you for teaching us what you could. Thank you for being the examples that we need and that we're going to take what you all did. And we're going to just stack and make it better.

And hopefully my generation will make it better. And then the generation behind me can make that even better.

- One of the things you have to understand

“about our generation is that we were the children”

of the civil rights movement. - Yes sir. - Yes sir. - You have to do it for black people. Now this is not true for my whiteness as well.

For black people. We were the children of the civil rights movement. So it was a big deal that we could buy houses and buy them in other neighborhoods. - Yes sir.

- So you had movies like Plays like Raisin in the Sun, it was a reflection of the attitude. - Yeah. - Now we might not have been the parents that our parents were.

Because we were just getting jobs and places we couldn't get jobs before. Affirmative action was going.

We were able to build houses and buy houses

and do that sort of thing and have a car. This next generation grew up with their own bedroom. - Yes sir. - My sister and I stayed in the same room for a long time. My kids would just go bananas instead of the same room.

You know they're grown now but when they were kids they would have gone bananas. Be sure that you don't give them everything to some. Except you give them everything except what made you great and that's a struggle.

If there is no struggle there is no strength and sometimes we're so happy to give them what we didn't have that they are not prepared

“and I think that we're coming into a time now”

that those that don't go up technologically and intellectually and go take those courses and expand their wealth they're gonna fall down and you know what?

They don't know how to plow, they don't know how to plant.

They don't know how to grow, they don't know how to care. They don't know how to survive and the tough situation because we took all of that away. - Yes sir. - My mother taught me all this stuff.

- Yeah. - So the crisis is not just that we're losing our middle class which is a huge crisis. - Huge crisis. - Okay.

- But the crisis that makes it even worse than that is that we're raising a generation that doesn't know how to be broke. They don't know how to be broke. So there is no such thing as a garden

that you record. - There is. - Chapter seven, advice for next generation. - Can I ask you a question? - Sure.

- In this generation we're social media being so loud in this generation. We're having this conversation of, I don't wanna work. One thing I'm seeing in this generation is

they wanna work from home but they don't wanna boss. They wanna make all this money but they barely want to work. What would you say to this generation

that it's seen, this work from home, be an entrepreneur, be your own boss, be a boss woman, be a boss man, don't work for no man. What would you say to that generation who's watching this?

- Because for entrepreneurs like me, I'm competing with that. - I would say I'm sorry that we raised you in such a way that your pipe dreams will only fit less than 10% of the masses of you.

I'm sorry that we made you think that you could be a hip-hop artist and you 38 years old and you're still in your back room making music. I'm sorry.

- Yes, sir. - I'm sorry that you thought you were gonna be the next Michael Jordan and you're on the court

“when you should have been doing something”

that made you some money. The stats are against you. Only the few become the Tiger Woods of the world. Only the few enter into technology and become extremely successful.

And so we have to have, we're gonna have something that do that. Then your generation, and in the younger generation, after you're smarter, then we ever thought about being, okay?

- Yes, sir. - But smart doesn't ensure that you're gonna have a job if you're not willing to work. And you can't work for yourself and learn by yourself. - Thank you, sir.

Even if you get the money off of social media, you need somebody to mentor you how to go into the room where the people with the money are. How to talk to the bank president. - Yes, sir.

- What to invest in? - Yes, sir. - How to set up your finances so that you have structure. If you resent anybody telling you what to do,

you resent your teachers, you resent your police officers, you resent your captains, you release your doctor, you resent, you resent authority. - Yes.

- So then you're gonna treat yourself.

You're not gonna get financially by sitting here.

“You cannot get through this world without listening”

at somebody, teach you something. And I think it's our fault. I think it's our fault, because we left them home with computers to raise. And they came up with their own devices.

And they became really, really smart at technology. And that's really cool. But having the grit to go along with the gadget is a whole other thing. The gadget is amazing.

But you still got to go knock on the door and that flicks to get the deal, got it. And if you do the deal with Netflix, they're gonna tell you what to do. - Yeah.

- Even though you made the movie without them, they're gonna tell you what to do. Because if they're gonna invest in it, he who makes the goal makes the rules. - Yes, sir.

- If you go to the doctor's no need in going,

if you're not gonna listen at what the doctor says to do. So this is bigger than money. This is about health. This is about authority. This is about serving in your country

in the army and the armed forces. This is about everything. There is a hierarchy to everything.

“And I apologize because we were so busy benefiting”

from what our parents marched for. That you have authority issues. We didn't have authority issues. Because our parents made sure. (laughing)

(laughing) They took all of that. - Oh, ain't you? - My parents still did that. - Yeah, they took that out.

- Yes. - So that's out of the way.

Today, we're counseling the child.

- Yes, sir. - Rather than correcting the child. And so when authority comes along, sometimes the policeman is wrong. Sometimes the policeman pulled the trigger

because Johnny slapped him in the head. And I think that we have to do, we have to take on some responsibility of training our children, not to resent. Authority, all authority is not equal.

All authority is not wicked. Some authority will save your life. - Yeah, yeah. - I'll tell you this story's a quick story. - Yeah.

(laughing) I was coming down on the steps. Little regularity house. My mother and father built. And at that time, we turned the attic into an extra bedroom.

So now my brother and I had one room. My sister had another room. We were moving on up to each side. Trying to get a piece of the pie. I'm outside playing,

which is something they don't do anymore either, which is not good for us, health like that. And I was about to step off the step. And my mother said, stop. Without a question, I froze like a mannequin.

There was a rattlesnake under my foot. - Oh man. - If I were to negotiate it with her, what do you mean stop? This help make no sense.

I might not be here today. All rules are not bad. - Come on, mister. - All correction is not bad. There are certain things that God says for us,

not to do for a reason. - Yes, sir. - You know, there's a reason he tells us not to love money. - Yes, sir. - He's not against us making money.

- Thanks. - But he's flat set against us, love money. - Yes, sir. - Because if that becomes a rule of all evil, and enlistening at rules are for your benefit.

- Yes, sir. - Could no correction for the present time, the same as joy, but it brings forth the peaceable fruit of righteousness, correction. If my mother taught me how to drive a car, correction.

- Yes, sir. - I need direction, I need correction. And then I can have independence. - Yes, sir. - And I can take whatever one teach one.

- Yes, sir.

“- So I think the problem there is started with,”

we missed our window. That when they were children, we were working like dogs to get into the house, and we left them home either in front of the TV or on the computer. - Yes, sir.

- And they don't even know how to play outside. They don't know how to take a stick in a rock and go down in the creek bed and have fun all day. - No, sir. - No, sir.

- If their conditioning goes out, it is a major crisis. - Yes, sir. I spent having my life in the house, they didn't have their conditioning.

- Oh my gosh, yeah, I'm grateful I didn't grow up in that time, issues. - It didn't have their conditioning. We didn't even think anything about it. The air conditioning was for rich people.

Doorbells were for rich people, but my father, how they had newspaper stuck over in the cracks in the walls of the house, okay? And his father's mother was a slave. So every generation, we get weaker and wiser.

- Yeah, oh, weaker and wiser. - Yeah, we become wiser in one way.

- And weaker and another way.

- Yes.

“- God lets the child that gets both wisdom, okay, and strength.”

- Yes, sir. - And that's to go, and if you don't have strength, you can build it up. - Yes, sir. - You can build it up.

- Yes. - You can build it up. - And that's the message that needs to go out. - Yes, sir. - But I love the young people, I'm crazy about them.

There are children, if they're making mistakes, we have to take some responsibility for that, because we did not create an atmosphere that's conducive for them to buy you some of the things that they need to buy you, like correction, right?

Like direction, yes, sir. - Like instruction, doesn't mean I hate you. Doesn't mean that I don't respect that you know how to do things that I don't know how to do, but it doesn't mean that there is a hierarchy,

even if you do start your own business. - Yes, sir. - You don't want to be boss, but you're going to be somebody's boss. - How can I be a boss, so, Bishop,

if I've never learned how to serve?

- That's the problem. - And I think that's one of the reasons why I have such a successful business is because for I served for 16 years before I launched out. So now I know the kind of people I need to find

because I was that person. - Yes, yes, yes. - And it's just hard in this generation because everybody wants to be Bishop Jakes and this person, that person, I might know,

but Bishop served, but my conjoin had to serve up and eat the coach, everyone's successful.

“I believe really had to, but in today's sand time,”

if you got a phone, you can just get in front of it and go viral and be popular, but it doesn't mean that you're a servant and it doesn't mean you can really build something major. And in very few, if you take the percentages,

they're very low of people who succeed that way. - Yes, sir. - And even if they do succeed that way, they don't stay that way because there's no talent behind it, driving it.

- Yes, sir. - It's just, just pop love. (laughing) - It's just pop love. - It is.

- You don't know what pop love is, but you didn't know what you got. - Right. - You were to a pop love that you didn't know. - Oh, and what was going to be entertaining.

So the question was always, who made the potato salad?

Okay, because you could get anything at a pop like that. And so I think there are certain systems, yes, sir. - And it's not just the young people. - Yeah. - The whole world is losing all of its systems.

And when you lose systems, you know, I was involved in Katrina. I'll say this in the, and I'll bring this 'cause you and I could talk about that. - Oh man.

- But I was involved in the rescue efforts in Katrina and pulling the bodies out and praying over the people and all that kind of stuff. It wasn't the wind or the rain that did the most damage. It was the breaking of the levy.

The levy represents systems. The giving away of our systems is going to leave us on the roof. The systems are there for your safety. - Come on, Bishop. - The reason there's a handrail on them steps

is just in case. - You need to get it. - You need to grab it. It'll keep you from falling. - Yes, sir.

- Those systems are there for a reason and unless you replace them with something that's more efficient. - Right, right, right. - Let's keep something there.

- Yes, sir. - I'm not saying that what we built has got to last. You might come up and build something better. - You know, it might be an electronic handrail that comes in, that's made out of light beams.

I don't know. - Yes, sir. - That's fine, but something has to be in place to keep you straight. - Bishop, you got to close this, Bishop.

(laughing) - I mean, you just thought of something

“'cause I'm like, I think this generation is looking”

for new systems, but the new systems that they're going to are not really proven systems. - Right, right. - And so they'll skip over the proven systems to go to the more attractive new system

when yes, let's play with it a little bit. But don't skip over the system that we know that has been working. - Yeah. - And I'm gonna be quiet though,

because it's crypto is being talked about. I'm in it, but I'm not gonna invest into crypto before I invest into my 401 payment. - Right, right, right. - That's a new system, but this is a proven system.

- Yeah. - So let's use both of them. - So I'm like, good $80 over there. - Exactly. (laughing) (laughing)

- But I mean, I'm gonna take 500 put it over here because my boss won't give me $250. - Yeah, yeah, yeah. - But then I'm gonna put $80 over there. I'm gonna play with it.

I'm gonna watch it. I'm gonna see what's going on with it. Okay, hey, day trading is becoming, oh, okay. I'm gonna play a little bit, but I'm not gonna take my entire portfolio

because it hasn't been proven yet, but let's just keep it. Let's play with it. Let's watch it and then ask time goes to see the system is proven and we're seeing what's going on. Then let's, then we can make some adjustments.

“But I think Bishop systems and strategy is just so, so, so, so important.”

It just goes back to what I said in the very beginning. That we just got a properly priorly planned. - Yeah. - So that we can prevent poor performances when it comes to our finances, when it comes to leaving inheritance for our children's children.

My prayer is that people will hear what you said. We gotta have systems. If we do not have systems, our children will not be able to live the life

that we truly desire and when they my father's always told me,

I want you to have a better life than me. - You're right. - And I'm like, I'm gonna look at it, Bishop. Everything goes down to what system are you passing down? - Give it so six peas again, and I want you to jot this down.

If you're where you can write something down in your phone somewhere, I want you to jot this down and make it your mantra. - For marriage, for life, for business, for home ownership, for development, I want you to get this down, give it to us. - Yes, there's called proper prior planning,

prevents poor performances. - Proper prior planning, prevents poor performance. - Yes, and you can take that in any aspect of your life. - Anything. - And I literally do it in every aspect of my life.

If I want to prevent major health issues, then what am I doing in my 30s? - Right. - My daughter said, hey, your health issues in your 60 started in your 30s.

- Oh, absolutely.

“- So you need to properly priorly plan out to prevent that.”

If you're broken your 60s and 70s and I said it instead of Bishop, but I want to make Donnells at about 12 30. And I just got me some small fry and a high sea orange.

Paid for it in the first window,

kid was maybe about 21, 22 years old. Went to the second window and I almost cried. I'm a colore young lady, but she was of age. She was handing my food in her hands with shaking. And I asked for Bishop.

I said, "Man, I'm so sorry. "I got to ask so much how to be rude, "but how old are you? "88 years old. "Working at McDonald's."

And when she handed my food after she told me her age, she said, "Baby, I'm here because when I was your age, "I didn't have the right information." - Right. - And I was like,

- It scares me to death.

- That can't be my mom, my wife.

It just can't be no one who I love. And she looked at me, she said, "Do not make the wrong decisions on." - Chapter eight, recipe for success, explain this to me before you go.

You're not normal. You're not the normal everyday person your age with that much accomplishments. - Yes, sir. - Let's talk about those accomplishments, sir.

- Yes, sir. - College degree? - Yes, sir. - Masters degree? - Yes, sir.

- Teaching at a university? - Yes, sir. - Author, okay. Financial advisor, did I leave out something? - Yeah, that's really what I do.

- Okay, it's a lot, it's a lot. - So tell me, give me the recipe, that made you take life seriously so young.

“- I think for me, if I'm being honest and truthful,”

the very first thing is, I saw my parents struggle and work hard and I didn't want that from my life moving forward. To come to being honest, Bishop, I saw other people have things that I wanted

and I said, "I want that." And three from being completely transparent, I got into the rooms. You know how many rooms I've been in with you, Bishop, and you probably didn't recognize me.

- Right. - How many times I was just sneaking to the back of your conferences, your meetings, and I would just listen and I used to tell myself, and I think we hear this often,

but it's so, so, so important, that it's, I wanted to get into the room to see how you were moving, to see how these other millionaires are moving. And I would take notes and I would go home

and I wouldn't try to be you.

that I learned in today?

And how can I apply that to my life?

“I wouldn't go back and look at, in my days and time,”

TV and the celebrities on TV, because that wasn't the life that I wanted. I wanted to get into rooms with the people who were living the lifestyle that I wanted to live, who was making an impact and boom,

and then I started building in relationships and they started getting into your rooms and having conversations with you. But I shifted, because I got into the rooms, I say, you know what, I do not wanna be like my mom and dad,

I do not want that, I love them, I'm grateful for them, they gave me the best life that they could have given me, but they worked three jobs. My mom would get off from an eight to five job, go work at K-Mart back then.

After K-Mart, she'll go work for the Christian Bering Bookstore. And then on Christmas, she'll get another job,

just to make sure we had a decent Christmas.

And I'm like, I saw my mom work hard. I'm like, I wanna work smart with a little bit of hard. So how do I do this? And because I'm seeing you just your pastory, you're creating movies, you're creating this.

I'm like, wait, wait, wait, how's he doing all this? And he doesn't look like he's working too hard, but then I started noticing, okay, he got this relationship, he has that relationship, he has this person, he was like, man,

there's so many things that you said, that I don't know if you remember what you said. But one time, he was like, man, I was driving his car. I didn't buy, I knew it all right. Look at that, me driving.

I said, wait, wait, I need to know the owner then. I need to know the people who can open up the doors and put me in a room and give me the right education.

So that's how I got where I'm at today.

“And that's why I'm so passionate about being a professor,”

because when I'm in a classroom bishop, I'm not just teaching, I'm taking them to banks. I'm taking, I'm bringing investors in. I'm bringing entrepreneurs in. I'm having them right out business plans and business ideas.

And we're giving them scholarships. We're giving them access to capital to go start their business at 20. Because I understand the importance of being inside the room and exposing them earlier.

So I'm only here because I was exposed to people like yourself and other people in the world that I'm a small name, but I'm here and I have this passion because of the atmosphere that I've been in. And I just, I want to do better.

But at the same time, I want to do better so that the generation follow me can do much better. - Thank you for that. I hope you take heat to that. Maybe you're encouraged by it.

Maybe you're discouraged by it. Maybe you think it's too late. It's never too late. - Oh, oh.

“- Colonel Sanders was in his 60s when he started KFC.”

Kathy Hughes was in the middle of her life. When she started radio one, there's all kinds of people who did things late in life and still succeeded. Don't use it as a point of discouragement. I'm a believer.

I'm a Christian. I don't care what your faith might be, but mine is Christ. God give me the plan that you have designed for my life. - Yes, sir.

And let me live it to the fullest capacity possible so that when I get to the end of my life, you will say, well done based on the amount of talent you've given me, sir. I did not waste what you gave me, sir.

And then go to work, don't sell any needs, get up, and go to work to find that plan and work that plan until you see the end result that he promised. Chapter 9, dating budget, you say a person say it makes a guy make $100,000 a year.

And he wants to take a woman on a date. $100,000 a year is not what it used to be. - No, sir. - Okay. But it's a blessing.

- It is. - Say it is. - What do you think he ought to spend plan to spend on the evening now? - Ooh, Bishop, you don't get me in trouble. (laughs)

You know, here's my philosophy on that, Bishop, is I would definitely say if you look at it. $800,000 a day is $8,333 a month. But the average rent being right around $1525,000 a month depending on the city that you're in

and they look at your expenses, it's gonna leave you possibly depending on what's that you have but about $3,000 a margin, right? I do not want, and today's day in time, I don't want men to invest so much into trials

that they cannot show up for the finals. (laughs) I mean, we spent all this money on this young lady, that young lady, this young lady, this young lady, do we get our wife?

We can't provide the lifestyle that we want to provide for her because we spent it all on the trials.

So my philosophy when it comes to dating

is when the first couple of days, and again,

you're married, this is not relationship advice 'cause I'm single, right? But my philosophy is no more than $100,000, $150 on the first few days. It's been that time to get to know her.

So that way, when you feel as if she is the one, did okay, Bishop, we can step up and start having a good time, right? And start spending a little bit more money. But I really wanted to be good stewards of our season,

whether you're in the single season, engage season, merit season when it comes to money because my biggest thing, what I'm seeing when it comes to divorce and you've counseled so many people, Bishop, way more than me, but when they come to me,

they're coming to me arguing about money.

“And I'm like, well, wait, what were you doing when you were a single?”

What were you doing when you're seeing which a money? So we can just be better stewards with our money when we're single than Bishop, I think it will help the marriage. It's not gonna fix it, but it would definitely will help the marriage.

- You know, I basically agree with that, I also think that one of the things that's gone out of style is innovation. - Come on, Bishop. - It isn't about how much money you spend,

it's about how much fun you have. So let's go horseback riding. - Don't say that. - Let's go riding. - Let's go camping in the woods.

- Camping? - Yeah, let's flip, flip, flip, flip, fly around. - Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.

Let's go someplace that neither one of us would never ever go.

To experience something we would never, ever experience,

“to learn something about each other that we would never, ever learn.”

Because, yes, sir, because. - Yes, sir. - If all I learned, yeah. - Is how much money you got. - Yeah. - I'm not marrying your chick, but Bishop. - I'm marrying your creativity. - Bishop, you know, I got in trouble with, I didn't say any trouble.

One of the best days that I did was Groupon, 35 dollars. And she never knew, but then when I told her how much she was, I didn't see her again. We'll leave it there. - Which is a good thing, could be, could be.

- Which is a good thing, if, if, if, if, if, finances deter you that quickly. If we ever have a struggle, you will leave me then. - Yeah, yeah. - So if you're gonna leave me, leave me now. - I think my biggest thing, Bishop, is I just want God to see

that I could be a good school or my finances here. And if I practice it during this season, it's gonna flow over into my marriage. - Yeah. I'm not, see, understand this. I'm not talking about being cheaper, Stinger.

I've never been these ones. - Agreed.

- I'm talking about being creative. - I'm talking about being original. - Yes, sir. - I'm talking about train rides. I'm talking about doing things that other people don't do that, that are cool, that are smart. I'm talking about going out to the lake with the basket

and it's a music and listening at some music and having a nice evening. It doesn't always have to be a seven star hotel restaurant. - Yes, sir. - It doesn't have to be that all the time. - Yes, sir. - And I think sometimes, what makes Mary just helps Mary just to last,

is innovation and creativity. - Yes, sir. - Would you agree, Bishop, that if you start off strong in the very beginning,

“now you have to, you gotta beat that moving forward”

and then that it hurts you financially? - You know, it's so funny because the emphasis on capital is new. We didn't have that in our day. In our day, most in generally the man was the provider.

- Yes, sir. - Okay, yes, sir. So we weren't in a gender war to see who made the most money. - Yes, sir. - We were in a partnership. - Yes, sir. - And we're still in a partnership today. - Facts. - Okay.

So there's certain things my wife does better than me. - Yes, sir. - I want her to do them. - Okay. - Okay. - Please do them. There are other things that I do better than her. She wants me to do them.

- Yes, sir. - And we make a rule of not treading on each other's territory. So if she's in charge of this event we're having, don't bring the questions to me. - I'd do it. - I'd do it to her.

- Yes, sir. - 'Cause that's not gonna work out well. See, respecting the partnership, creates a teamwork from which a family is born, from which a community is born, from which a country is developed.

But if you don't get down there on that ground level zero of everything not being transactional and we become marriage becomes about capital alone. And whoever makes the most money is the boss.

What happens if you develop a disease?

What happens if you're in a flixie? So let's not have the violence. Let's get rid of all the violence because none of the violence are gonna fit in the paycheck stops.

- That should be talking good. - 350,000 women lost their job.

“- They're job in the last couple of months. - Yes, sir.”

- So if it's about money the kids end the man to go. You know what, and please quit me if I'm wrong. But would you say that in today's day in time if we could really partner together, understand her strength, understand my strength,

we come together and we put all of our resources into one bucket. This generation, we had the capability of building wealth faster than your generation. - Oh, absolutely. - Because your generation, you were the provider. This generation, we're seeing ladies are educated.

They were the fastest growing entrepreneur.

So it was like, wait a minute, okay.

I'm a step up and do my part as a man. But the gifts and the talents that God gave you if it's generating income, let's bring all of our resources together and let's strategize. I do believe that, you know,

the living should be based off of one set of income. But how do we strategize again? And we build wealth together because we could do it so much faster and get so much more quicker than our parents

and grandparents, so we can set up our chosen. But I just think in this generation, there is to gin and wars. I don't want to do this. I don't want to do that, or guys,

“we just want to spend a whole lot of money on dates.”

But Bishop, and I say this, I'm guilty of it. I bought a whole car because I wanted to impress a woman. - I bought a whole car. - And she gone. - Go.

She got in my car. It was paid for Bishop. I find that one. (laughs) I paid it all over four years.

Had no AC. And she said, "How are you Anthony O'Neill? You ain't got no AC?" And I was like, "In my hands." How am I Anthony O'Neill in O'AC?

The next day went by the car. The very next day, and it wasn't in my budget. And I said, "What am I doing?" And the very next week, she went back to her son's father.

And I don't bought the car. And I just think, at the end of the day, when we have a vision, when we have a budget, when we have a strategy, we have to learn to stick to that strategy,

no matter who comes into it, whoever comes into it should help it, whether that's relationship, business partner, job, careers, whatever that is, it should help you cut a pull forward.

And when I ended up doing business, I ended up selling that car, and I went back down to just a regular cheap cash car, because I didn't have any assets at the time. I wasn't a homeowner.

I wasn't investing properly. So I sold that and started building things correctly. You know what we're talking about is values. What do you value? And if it's not me.

Yes, sir. If it's not me. Okay. We're not building off anything that's gone last. Yes, sir.

Because the car's not going last at long. Okay. Okay. It's got to be about her. Yes, sir.

So when we had the car wreck, and her ankle was broken,

they said she'd never walk again.

Wow. I didn't walk away. When I had a massive heart attack, she set beside me for three days and nights and never left.

My side every time I looked up, she was looking down to me. Come on, Bishop. You're going to run into so many hardships. Barry and children.

Yes, sir. Barry and your parents. Choosing somebody who's hand you want to hold when you lower your mama's body into the ground. That's what we're talking about.

Who's hand you want to hold when you've got a breach birth or a stillborn. Who do you want to be with you when they accuse you of something on your job

and you end up going to court? And you can't sleep for three days for four days. Who's going to be the person who sticks with you? When you get laid off, when you get fired, when you're on dialysis,

you're not going to stay 30 and fine. And all of that stuff is going to change.

“And I think we don't have the right values.”

Now, you know, we have our preferences. We all do.

You're not going to be with us.

You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us.

You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us.

You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us.

You're not going to be with us.

You're not going to be with us.

You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us. You're not going to be with us.

You're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us. We're not going to be with us.

“Who paid $10 million for land that a great ground for the bought 30 years ago, and he”

may have spent 200,000. And I'm like, when I leave, I have land and inside my state, Bishop, my children can't touch that. Their children can touch the land. And it feels so good to me that here it is.

That work is not just about, you know, the funds you can touch is about what all assets do you have. So that land still goes towards my net worth, but it feels so good to me that I got the education that my children's children's children would know my name because I left them something.

And to me, that is one of the best investments ever made because I smile on the inside

knowing that when I leave, young people who I've never met would know my name.

So if land and oil real estate is the best investment you ever made, and if you're going to take that seriously, listening at our park cast today, investigate the land to make sure that the long range plans of the city or the town that you live in makes that a desirable spot to own. Yes, sir.

Unless you end up owning land that's in a floodplain. Yes, sir. But 100 acres of land you cannot use. That comes from not doing your research, but at your core, I agree with you. Yes, sir.

I agree with you. Dirt over cash, all day long, all day long. There is no end to the value that you can get. And by, by when it's cheap, and sell it when it's high. Oh my gosh.

Don't we still do it? Sure, sir. Amen. Thank you. Thank you.

Thank you. Thank you. Hey, everybody. I want to take this time to thank you for watching the next chapter broadcast. If this conversation inspired you, help you reflect on an idea or spark something new, and

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