Latest / The Steve Harvey Morning Show / Full Episode: Rodney Scott of "Chef's Table: BBQ", GRAMMY-winning Artist Jody Watley, ABC News Correspondent Rebecca Jarvis & Jennifer Barrett of Acorns App
Transcript
- 0:04Speaker 1: Welcome to money Making Conversations. It's the show that she
- 0:07Speaker 1: has the secrets of success experience firsthand by marketing and
- 0:10Speaker 1: Brandon expert Rashan McDonald. I will know he's giving me
- 0:13Speaker 1: advice to many occasions. In the case you didn't notice,
- 0:15Speaker 1: I'm not broke, you know he'll be interviewing celebrity CEOs,
- 0:19Speaker 1: entrepreneurs and industry decision makers. It's what he likes to do.
- 0:22Speaker 1: It's what he likes to share. Now it's time to
- 0:25Speaker 1: hear from my man, Rashan McDonald money making conversations. Here
- 0:29Speaker 1: we come. Welcome to money Making Conversation. I'm your host,
- 0:31Speaker 1: Rashwan McDonald. It is time to stop reading other people's
- 0:34Speaker 1: success stories. I said that every time I started my
- 0:36Speaker 1: show and start writing your own. I always tell people
- 0:39Speaker 1: leave with your gifts or your passion, and don't let
- 0:41Speaker 1: your age, friends, family, a coworkers stop you from planning
- 0:44Speaker 1: or living your dreams. The interviews I bring on money
- 0:47Speaker 1: making conversations of people who are successful so we learned
- 0:50Speaker 1: the secrets of their success. My next guest I've had
- 0:52Speaker 1: on the show before, I made him doing the pandemic
- 0:56Speaker 1: watching Netflix. He's roight this guy, right this guy, James Beard,
- 1:00Speaker 1: Award winning chef, pitt Master and founder Rodney Scott's Whole
- 1:03Speaker 1: Hog Barbecue operated restaurants in South Carolina and Alabama. Rodney
- 1:08Speaker 1: has continued to expand his acclaimed brand of South Carolina
- 1:11Speaker 1: style barbecue and has been featured on popular TV shows
- 1:14Speaker 1: including The Today's Show and Netflix here Chef's Table Barbecue,
- 1:19Speaker 1: among others. Their plans to expand it to Atlanta. We're
- 1:22Speaker 1: gonna talk about that because you know they come down
- 1:23Speaker 1: to Atlanta. You know, I gotta roll down there and
- 1:25Speaker 1: give me some fixing that you know it's barbecue, then
- 1:28Speaker 1: there's fixing. Because I'm from the Houston texts, I know
- 1:30Speaker 1: about them fixes. As well as two more locations in
- 1:33Speaker 1: Alabama this year as well. He's here to talk about
- 1:35Speaker 1: his first book, cookbook, I got it on my desk,
- 1:38Speaker 1: Rodney Scott's World of Barbecue, Recipes and Perspectives from the
- 1:42Speaker 1: legendary pit Master. That's my man right here. He's on
- 1:45Speaker 1: the show. Please work on the money makes conversations. Rodney
- 1:48Speaker 1: s guy, how you do right there? Man? I'm doing great.
- 1:51Speaker 1: He's some pleasure to meet you. It's a pleasure to
- 1:53Speaker 1: be here, pleasure to speak to you again, should I say?
- 1:56Speaker 1: And uh, we we've survived so far in this pandemic. Man,
- 1:59Speaker 1: We're gonna get past and Rod. You know, Man that
- 2:01Speaker 1: when I first called Man, I just saw your Netflix Man,
- 2:04Speaker 1: and it was it was it was an interview of
- 2:07Speaker 1: just joy because uh I got a slice of its
- 2:13Speaker 1: humanized you. You know, you know, you know people in
- 2:15Speaker 1: the kitchen, they chef, they barbecue, and they they some
- 2:19Speaker 1: of them talking noise, some of them are humble and
- 2:22Speaker 1: and just watching your story. Man, How what how what
- 2:24Speaker 1: would the impact of your appearance on that Netflix series
- 2:28Speaker 1: Chef's Table Barbecue Netflix last year? Man? That that that
- 2:32Speaker 1: appearance on Chef's Table was a huge impact on our business,
- 2:35Speaker 1: um a huge impact on on our staffs as well
- 2:40Speaker 1: as me as a owner, co founder, human being period.
- 2:45Speaker 1: You know, it's it's been an amazing ride. It It
- 2:49Speaker 1: kind of made me go to the backboard, sit down
- 2:51Speaker 1: and suck it all in, you know, take it in
- 2:54Speaker 1: slowly and enjoy the moment because a lot of people
- 2:57Speaker 1: skip over it and I wanted to save her every
- 3:00Speaker 1: moment that I could. It changed my life completely, well,
- 3:03Speaker 1: it changed my life from a standpoint of just watching
- 3:06Speaker 1: an African American man, because you know, it's really interesting
- 3:09Speaker 1: how we look at business and how we look at
- 3:11Speaker 1: what it's success and what you can do because you're
- 3:13Speaker 1: an entrepreneur, you're businessman, and sometimes people see it, don't
- 3:17Speaker 1: see that lane. They just see as a barbecue guy,
- 3:20Speaker 1: cook or a chef. But you're in a business, you
- 3:23Speaker 1: employ people, and so you can get stereotype what people
- 3:27Speaker 1: say as a career, this is a career for you.
- 3:29Speaker 1: This is a you're that you're making money, You're you,
- 3:32Speaker 1: you you, you, you have boys, you have a beautiful wife,
- 3:35Speaker 1: and you have you're sustaining up a very positive lifestyle,
- 3:38Speaker 1: and it's a career for you. So do you get
- 3:40Speaker 1: caught up in the stereotypes of people thinking, oh, he's
- 3:43Speaker 1: just a barbecue guy. I do get caught up as
- 3:47Speaker 1: just being a barbecue guy. And I find it very
- 3:49Speaker 1: amusing because people pre judging under estimate what you know
- 3:53Speaker 1: because of what they think they know about. So it's
- 3:56Speaker 1: it's kind of amusing to me for them to see different. Uh.
- 4:00Speaker 1: For example, I walked in the restaurant one day and
- 4:02Speaker 1: he thought I was cutting in lines, like where does
- 4:04Speaker 1: this guy go? And then once they saw me go
- 4:06Speaker 1: like behind the counter and everybody started saying, hey Rodney,
- 4:10Speaker 1: it was a totally different look. So, you know, I
- 4:13Speaker 1: find I find a little bit of music and they
- 4:15Speaker 1: kind of understand that you're not just a guy shoving colds,
- 4:18Speaker 1: that you're trying to grow a business. You're trying to
- 4:19Speaker 1: grow a brand, um, you're you're trying to give people
- 4:22Speaker 1: opportunities to employment. They kind of see you a little different,
- 4:27Speaker 1: and uh, for me, that's been a great experience out
- 4:29Speaker 1: Like again, I find a little amusing when they just
- 4:31Speaker 1: think one thing and find out so much more. Well,
- 4:34Speaker 1: you know, and watching that Netflix here, your father saw
- 4:36Speaker 1: you a little bit different because he you had ideas
- 4:39Speaker 1: and he didn't want to change, and so it wasn't
- 4:42Speaker 1: until his illness that you was able to start implementing
- 4:45Speaker 1: some of your ideas, which has led to the great
- 4:47Speaker 1: success that you have now. Talk about that transition of
- 4:50Speaker 1: being in the person because that was his brain, that
- 4:53Speaker 1: was his business. But you can get stuck in your
- 4:55Speaker 1: ways and saying I've done this all the time works
- 4:57Speaker 1: for me, Why should that change? And it's I guess
- 5:00Speaker 1: it's opened your eyes to being able to for new
- 5:02Speaker 1: ideas and to listen to other people as well. Correct, correct,
- 5:07Speaker 1: you know, all that's been un experience and a learning
- 5:11Speaker 1: experience to see how my dad behaved and how to
- 5:14Speaker 1: carry myself. Trying to show people what we're doing and
- 5:17Speaker 1: how we're doing it, and people get stuck in their ways.
- 5:21Speaker 1: I get that, you know, they feel like if it
- 5:22Speaker 1: ain't broke, don't fix it. But also I've learned that
- 5:26Speaker 1: don't get so stuck in your way that you can't
- 5:27Speaker 1: hear other ideas or hear other you know, possibilities of
- 5:32Speaker 1: adjustice to what you do. So for me, it's it's
- 5:37Speaker 1: been a learning experience going through what I went through
- 5:39Speaker 1: with my father to learn how to carry myself better
- 5:43Speaker 1: than I've been carrying myself or the way that he
- 5:45Speaker 1: carried himself with new ideas or creations. Well, you know,
- 5:49Speaker 1: the thing about it is that he gave you a start.
- 5:52Speaker 1: And that's that's the that's guess, that's the blessing of
- 5:56Speaker 1: you know, you're you're you're having a family that was
- 5:58Speaker 1: in business because we as Africa Americans, you know, we
- 6:01Speaker 1: don't even look at it as as anything that's passed
- 6:04Speaker 1: down to us. And this business was passed down to you.
- 6:07Speaker 1: It was something you learned, but earlier only in life.
- 6:10Speaker 1: You know. One of my favorite stories and netflix was
- 6:12Speaker 1: when that we graduated high school and the girl said,
- 6:14Speaker 1: are you gonna do it? Just go down and cut ups? Hawks. Yeah,
- 6:21Speaker 1: and guess what, that's what you did midnight. You went
- 6:23Speaker 1: down that cut ups. But again, that's a stereotype, correct, Yeah,
- 6:29Speaker 1: that is that is the stereotype. You know, people underestimates.
- 6:31Speaker 1: She she didn't see me doing anything else but just that,
- 6:34Speaker 1: and uh, once she heard and saw so many different
- 6:38Speaker 1: things happening, it was she was amazed. And I don't
- 6:42Speaker 1: think she even remember saying that to me, because she
- 6:44Speaker 1: sent me some congratulations notes a couple of times, and
- 6:47Speaker 1: I'm like, I wanted do you remember telling me that
- 6:49Speaker 1: that day? And she's always been that that extra influence
- 6:53Speaker 1: to I'm gonna show you. I'm gonna show you and
- 6:56Speaker 1: everybody else who thinks like you, And to this day,
- 6:58Speaker 1: that's that's my thought. You're not gonna tell me what
- 7:01Speaker 1: I'm gonna do. You're not gonna limit me on my
- 7:03Speaker 1: dreams or the things that I or my goals period,
- 7:08Speaker 1: you know, And that's what we're talking about, goals. And
- 7:10Speaker 1: you come on money making conversations. So many people have dreams, Rodney,
- 7:14Speaker 1: so many people have aspirations of greatness, grandeur as they say,
- 7:18Speaker 1: and but but then but that hard work is what
- 7:20Speaker 1: you mentioned that and you have you have sons. How
- 7:23Speaker 1: do you implement that approach to you know, they see you?
- 7:26Speaker 1: Because brother, in the end, them colds are hot, and
- 7:30Speaker 1: them barbecue pitts are warm and they're longer. I was
- 7:33Speaker 1: turned out to get to this food that everybody savors
- 7:37Speaker 1: or comes back and lines up for. How do they look?
- 7:40Speaker 1: How do you how do you teach them hard work?
- 7:42Speaker 1: But also they're living in Like I told my daughter,
- 7:45Speaker 1: I said, you you've never known not living in the
- 7:47Speaker 1: air condition And you know you you came, you were
- 7:49Speaker 1: born in the hospital, you came home, and then a
- 7:51Speaker 1: condition to call you. You known a condition all your life.
- 7:55Speaker 1: So then your boys have known that same air conditioning.
- 7:58Speaker 1: So because we know where at first, you know Pitmaster
- 8:01Speaker 1: Place was located at. So talk to him about your
- 8:03Speaker 1: side and we're gonna get to the book after that. Yeah,
- 8:06Speaker 1: you know, I got three boys and the youngest lives
- 8:10Speaker 1: here will be at home, and the other two are
- 8:12Speaker 1: older and eighteen ones in Atlanta there and another one
- 8:16Speaker 1: still in himy with South Carolina, and the youngest one
- 8:19Speaker 1: here with me, twelve years old. Just yesterday I was
- 8:21Speaker 1: telling him. I was like, look, here's what we gotta
- 8:23Speaker 1: do to get to that great burger you got. First,
- 8:25Speaker 1: we gotta make sure the girls clean. You gotta understand
- 8:28Speaker 1: that there's labor involved. You gotta get everything going before
- 8:31Speaker 1: you enjoy the food. And I try to implement to
- 8:34Speaker 1: him that it doesn't just fall in front of you
- 8:37Speaker 1: on the table. You gotta start. You gotta gotta put
- 8:40Speaker 1: in some time, some efforts, some extra work. You can't
- 8:42Speaker 1: play video games and all of a sudden come downstairs
- 8:44Speaker 1: at and be ready to eat. And I try to
- 8:48Speaker 1: teach him the hard work, the fact that when I'm
- 8:52Speaker 1: away from home that I'm not on vacation. You know,
- 8:54Speaker 1: we're trying to build things. And I try to teach
- 8:57Speaker 1: them how to be a better man than I could ever. Well,
- 9:01Speaker 1: you know, you're a great man. And look good in
- 9:03Speaker 1: the suit too. They showing Netflix do don't fool you
- 9:06Speaker 1: this young man walking around the suit suit fits him,
- 9:09Speaker 1: jazz right, fits him, jazz right. Good. Have some brother,
- 9:12Speaker 1: But let's get to this cookbook here. Rodney Scott Broler,
- 9:14Speaker 1: bob que because soon they say, you know a big
- 9:17Speaker 1: time Rodney. They sent me a book. Okay, sent me
- 9:19Speaker 1: a book. So soon as the book arrived and right ups,
- 9:22Speaker 1: all right, I immediately went to the corn bread. I
- 9:25Speaker 1: go to the glosstery all the time. And I said,
- 9:27Speaker 1: this boy, here, country boy, this country boy. Because I
- 9:30Speaker 1: go to her. I went to your restaurant. I saw
- 9:31Speaker 1: corn bread. But now they're putting us on College green.
- 9:34Speaker 1: So I said, he'd better have the corn bread now,
- 9:37Speaker 1: or I went to the corn bread section. Man that
- 9:40Speaker 1: that honey butter topping that you put on your corn bread.
- 9:43Speaker 1: I made this the same day I got this book.
- 9:47Speaker 1: And uh, because my wife, here's the funny thing about it,
- 9:50Speaker 1: writing I don't use cast ice killers. My wife always
- 9:53Speaker 1: you need to learn how to use killing. So she
- 9:57Speaker 1: so here's the funny part about it. So I took
- 9:59Speaker 1: a picture of when I made the corn bread, being
- 10:02Speaker 1: right from and I put the put the honey butter
- 10:04Speaker 1: on top, and I cleaned up this cast skiller. It
- 10:08Speaker 1: was in the background of my photo. So all she
- 10:11Speaker 1: saw was I see that cast skillet behind you. I
- 10:15Speaker 1: guess you winning the house and find it, because that
- 10:19Speaker 1: made the difference man. That cast asking talk about this
- 10:22Speaker 1: corn bread man, Like I said, I posted them on
- 10:25Speaker 1: social media, got a great response. I'm gonna post some
- 10:27Speaker 1: more stuff like the colar greens. I'm over there and
- 10:30Speaker 1: get that blueberry corn bread. We're gonna talk about a
- 10:32Speaker 1: lot of little menius and a little restipanes in there.
- 10:34Speaker 1: But let's talk about that corn bread first off, because
- 10:36Speaker 1: that was my love. Because I'm telling some rotting. I
- 10:38Speaker 1: get excited because I'm an old school guy. I take
- 10:41Speaker 1: some buttermilk and see, buttermilk comes in this corn bread.
- 10:44Speaker 1: So it's a win win for me because normally I
- 10:47Speaker 1: take that. I take some butter milk, put in a
- 10:49Speaker 1: half a glass, sweet it up with sugar. Then I
- 10:52Speaker 1: crumpled me some corn bread inside. That is outstanding for me.
- 10:57Speaker 1: So I was happy, happy, happy on this. But was
- 11:00Speaker 1: about this recipe and the cash dins killer man. So
- 11:04Speaker 1: let me tell you about that. That recipe. That cornbread
- 11:07Speaker 1: takes me back to my childhood with my grandma. My
- 11:09Speaker 1: grandma used to make that corn bread, but she used
- 11:11Speaker 1: to use Jiffy Nicks back in the day, and that
- 11:13Speaker 1: cornbrea used to be sweet and so tasty and thick
- 11:17Speaker 1: and you know, back then, she used to sometimes give
- 11:20Speaker 1: us a little bit of uh kine patch syrup, and
- 11:24Speaker 1: it was this old school serrup that she would kind
- 11:26Speaker 1: of put on the side every now and again. And man,
- 11:29Speaker 1: you're talking about a good night at Grandma's house. That'd
- 11:32Speaker 1: be some good eating. And I wanted that corn bread
- 11:34Speaker 1: so badly. And we got with our chef, head chef,
- 11:37Speaker 1: and we talked and I told him, I said, man, Grandmama,
- 11:40Speaker 1: just cornbread. That was amazing. We need to develop this
- 11:43Speaker 1: thing together. And we came up with that flavor. And
- 11:46Speaker 1: before I tell you anymore about that Cornbret, I gotta
- 11:48Speaker 1: tell you my mom, my aunt, and my cousin who
- 11:50Speaker 1: was ten years older than he, came in and they
- 11:52Speaker 1: tasted that corn bread and they said, where did you
- 11:54Speaker 1: get Grandma's recipe? So when I know that they were
- 11:59Speaker 1: satisfied of it, I said, yeah, we were hitting home.
- 12:02Speaker 1: We were hitting close to home. And you know, a
- 12:05Speaker 1: cast iron skill it cooking that corn bread, and the
- 12:06Speaker 1: cast iron skill it is a lot easier in a
- 12:09Speaker 1: sense because the heat is even all over and that
- 12:13Speaker 1: thing just bakes right in there. Man, all that flavors
- 12:15Speaker 1: in the area. You add that honey butter to it.
- 12:18Speaker 1: Oh man, you you don't know what you're missing until
- 12:21Speaker 1: you had that corn bread. I got, man, I'll just
- 12:25Speaker 1: tell you something then then you then you flip the
- 12:27Speaker 1: script on the brother. Here the Roscoes blueberry corn meal
- 12:32Speaker 1: pound cake. Yes, I know you said this boy crazy.
- 12:39Speaker 1: He's just going through this book, just making everything. I'm
- 12:40Speaker 1: tell you something, man, we're gonna talk about then don't
- 12:42Speaker 1: get to the college green. But let's talk about the
- 12:44Speaker 1: Roscoes blue I've never heard that in my life, man,
- 12:47Speaker 1: because you know, some people use that corn meal like
- 12:50Speaker 1: you do corn meal and flour and just make the
- 12:52Speaker 1: corn bread all right, and it gives you that cake
- 12:55Speaker 1: like because people are either they go this take like cake.
- 12:57Speaker 1: Well you got flower in it with the corn meal.
- 12:59Speaker 1: But did you fix the script man with this blueberries?
- 13:02Speaker 1: Come on, now, how did you think of that? Well
- 13:06Speaker 1: we were in Birmingham and Roight still worked for us
- 13:08Speaker 1: at the with us at the Birmingham location, and one
- 13:11Speaker 1: day we were just sitting there talking about it. This man,
- 13:13Speaker 1: this thing is almost like cake. I said, yeah, man,
- 13:16Speaker 1: reminds you that strawberry uh shortcake used to get sometimes.
- 13:21Speaker 1: And he was like, man, what about blueberries. He said,
- 13:23Speaker 1: you like color blue? Like, yeah, I didn't, So you
- 13:26Speaker 1: know it, man, I said, just make it to let
- 13:28Speaker 1: me know what you think. And he did and low
- 13:31Speaker 1: and behold, man, I was like, yeah, we're gonna put
- 13:33Speaker 1: this in the book. We're gonna share this with the world.
- 13:35Speaker 1: Let him know. But just cornbread can come in several
- 13:38Speaker 1: several different ways. One of them is gonna be blueberry, Okay,
- 13:42Speaker 1: And there you have it. You know, blueberryes are sneaky man,
- 13:45Speaker 1: sneaky good because like blueberry pancake and I love the death.
- 13:48Speaker 1: You know, I'm not a guy that I can't just
- 13:51Speaker 1: eat a blueberry, you know, but you put it in,
- 13:54Speaker 1: you put it in this corn bread, you put it
- 13:56Speaker 1: in this pancase is outstanding and so so so. You know,
- 14:01Speaker 1: the thing about you, Ride is that you're a visionary.
- 14:03Speaker 1: Let's gonna be real about it. That's you know, because
- 14:05Speaker 1: you checking idea and you expand it because your father
- 14:08Speaker 1: had a vision. But you're expanding on that vision. Now
- 14:10Speaker 1: you're expanding it into other states and expanding your breath.
- 14:14Speaker 1: What are you trying to take the world, barbecue man,
- 14:15Speaker 1: But you try to try to be a barbecue k sir,
- 14:18Speaker 1: I am trying to take over the world. I'm trying
- 14:20Speaker 1: to spread the love everywhere because whenever you find a barbecue,
- 14:23Speaker 1: you find people in a good mood, people having a party,
- 14:25Speaker 1: people enjoying themselves. So I was like, why not spreading
- 14:27Speaker 1: this love all over the world as far as we can.
- 14:29Speaker 1: You know, if it if it's me, it is absolutely great.
- 14:32Speaker 1: If it's somebody else, it's it's just as good. You know,
- 14:35Speaker 1: let's let's let's put it in as many places as
- 14:37Speaker 1: we can. And every time I think about should I
- 14:40Speaker 1: do it in this state? Should I try it in
- 14:41Speaker 1: that state? And I say to myself, why not? Just
- 14:45Speaker 1: just let's do it. And my goal is to spread
- 14:48Speaker 1: to spread this love, this Rodney Scott whole all love
- 14:50Speaker 1: all over the world. And and I hadn't stopped dreaming yet.
- 14:53Speaker 1: You know, I'm I'm gonna keep on drinking. But the
- 14:55Speaker 1: beauty of you now is that you your celebrity. Okay.
- 15:00Speaker 1: You know when you walk down the street, people recognized
- 15:02Speaker 1: you're walking through, especially walking your establishment. They let's me
- 15:05Speaker 1: that's right. So so so, being a celebrity means you
- 15:09Speaker 1: have a brand social media, you post things, people engage
- 15:13Speaker 1: with that talk about that, you know, and that means
- 15:15Speaker 1: other people have. Everybody has a bright idea for you now,
- 15:18Speaker 1: you know, back in high school then might have no
- 15:20Speaker 1: idea for you at all. Everybody has a bright idea
- 15:22Speaker 1: for you because you just that that that's right here
- 15:25Speaker 1: and in that box you're staying, ain't about nothing. But
- 15:27Speaker 1: now everybody got a great idea for you. How do
- 15:29Speaker 1: you slidice through that? Tell us about your team, your
- 15:32Speaker 1: team that keeps your focus, to keep you organized and
- 15:35Speaker 1: keeps you on point. Oh man, I gotta tell you
- 15:38Speaker 1: about my team. My team is amazing, and we got
- 15:40Speaker 1: age groups that's even better. You know. Nick Backs is
- 15:43Speaker 1: my my partner, and this thing, you know, we came
- 15:46Speaker 1: up with the idea. We sat at the table. He
- 15:47Speaker 1: was like, let's create a Rodney Scotts and I'm like, man,
- 15:50Speaker 1: you're crazy, And little did you know that I would
- 15:54Speaker 1: ever do it like this, And we decided to do it.
- 15:56Speaker 1: And along with Nick, his son Nicholas, and my man
- 16:00Speaker 1: Paul Yak, our head chef, we put our heads together
- 16:03Speaker 1: and we just kept coming up with these thoughts and
- 16:05Speaker 1: ideas and they helped to keep me humble, to not
- 16:08Speaker 1: worry about every little thing. You know, when I say,
- 16:11Speaker 1: hey man, I gotta run over to such such place
- 16:12Speaker 1: and check this, They'll say, I'll do that for you.
- 16:15Speaker 1: We got that you take your time and focus on
- 16:17Speaker 1: what you're doing. So they've made it well rounded for me.
- 16:20Speaker 1: Nick has this thing you call the balancing we where
- 16:23Speaker 1: you have yourself, your family, your finance, your business, your brand,
- 16:27Speaker 1: and you got to balance that thing out. You know,
- 16:29Speaker 1: you gotta stay healthy in order to stay in this
- 16:32Speaker 1: whole operation and enjoy it at the same time. So
- 16:36Speaker 1: we all make sure that we balance ourselves, our personal
- 16:39Speaker 1: lives and everything together. And this team that I have,
- 16:43Speaker 1: they make sure that all of that perfect for me,
- 16:46Speaker 1: that that my background with the restaurant and my personal
- 16:49Speaker 1: life don't ever you know, one doesn't ever take over
- 16:53Speaker 1: the other. So they've they've been super great with that.
- 16:56Speaker 1: You know, it's really important that we talk about this,
- 16:58Speaker 1: you know, and thank you again coming on money making
- 17:00Speaker 1: conversation talking to Rodney. This guy he is the king
- 17:03Speaker 1: of barbecue. I know it. I got my boy Kevin
- 17:06Speaker 1: blessed so in l A. You know he ain't rodding
- 17:07Speaker 1: this guy before, right rodn That guy he out there
- 17:10Speaker 1: populating the states, the cities with the with the whole hall,
- 17:13Speaker 1: the whole hall. Now, tell us what is the whole hall?
- 17:17Speaker 1: Come on the rodney, you brag about it, I'll see
- 17:19Speaker 1: it on TV. I can tell you right now, I'm
- 17:21Speaker 1: not messing with that whole hall. Tell us about the
- 17:24Speaker 1: whole hog experience. Why it is on fire wire. It's
- 17:28Speaker 1: popular when they go to these, uh, these barbecue shows,
- 17:31Speaker 1: these competitions talk about the whole hawk and then talk
- 17:34Speaker 1: about South Carolina style. What makes that different? You know
- 17:38Speaker 1: that whole hog is we we like to describe it
- 17:41Speaker 1: as a difference you can taste. And you know, you
- 17:43Speaker 1: go to certain restaurants, you'll see that they have shoulders
- 17:46Speaker 1: or hams, and that's not the whole hall. When you
- 17:49Speaker 1: get uh, the ham, the lord, belly meat and some
- 17:53Speaker 1: shoulder meat all mixed together and you put it in
- 17:55Speaker 1: a bit, you you got that whole hog right in
- 17:58Speaker 1: the palm of your hands. You taste every corner, every
- 18:01Speaker 1: cut of that whole animal. And it's a different taste.
- 18:04Speaker 1: And it is the difference you can taste. Once you
- 18:06Speaker 1: taste the whole hog and you go back to a shoulder,
- 18:09Speaker 1: you you kind of understand what I'm trying to explain
- 18:11Speaker 1: and the way that we did it. In South Carolina,
- 18:13Speaker 1: we did the whole hog with vinegar and pepper. Right See.
- 18:16Speaker 1: I grew up on the southeastern part of the state,
- 18:18Speaker 1: closer to the coast, and vinegar pepper is the thing
- 18:21Speaker 1: over there. And you know, we use the white vinegar,
- 18:25Speaker 1: the crush pepper, pepper flakes and some people call it
- 18:28Speaker 1: uh black pepper, cayenne, some sugar. That's basically a sauce
- 18:33Speaker 1: that we put together in that part of the state.
- 18:35Speaker 1: And in South Carolina, man, you can go to him
- 18:37Speaker 1: the way right now and say I need a whole
- 18:38Speaker 1: hog cook, and twenty people might jump up and say,
- 18:41Speaker 1: I can do that. That's what we did in my area.
- 18:44Speaker 1: That's what we did growing up. And you know, I
- 18:48Speaker 1: I've traveled in different places and people say, how do
- 18:50Speaker 1: you cook the whole animal? I think they're amazed by it.
- 18:53Speaker 1: And my whole thing is, look, if you can't do it,
- 18:55Speaker 1: I'll show you, let me, let me do it for you.
- 18:58Speaker 1: And before you know it, they find out how many
- 19:00Speaker 1: people can eat from it, how many ideas can go
- 19:02Speaker 1: around it. You can put grids and pork together, you
- 19:05Speaker 1: can build a tacover this thing. I mean, you got
- 19:08Speaker 1: all these options with this, with this whole hall. So
- 19:11Speaker 1: it's always been a treat in a in a big
- 19:14Speaker 1: thing to do in my area. And when other people
- 19:16Speaker 1: see it from different regions, man, they're they're amazed by it. Well,
- 19:19Speaker 1: first of all, I'm amazed that because I'm from Houston, Texas.
- 19:24Speaker 1: So I got a nephew. He has a barbecue stay,
- 19:27Speaker 1: a real popular called Big Six Barbecue, Houston, Texas. Tality
- 19:30Speaker 1: kid mix his own sausage and and I tell him
- 19:33Speaker 1: to follow you. I tell him what my man riding
- 19:35Speaker 1: didn't watch what he does, and he's he's doing very
- 19:39Speaker 1: well in the Houston market. Now. But back to you
- 19:41Speaker 1: in regards to what I see you do you expanding
- 19:44Speaker 1: now in Atlanta market? Now? You just kept all over
- 19:47Speaker 1: with the Birmingham you know, you went from South Carolina,
- 19:49Speaker 1: skipped over Georgia and in Alabama. Now now we sit
- 19:53Speaker 1: down here in Atlanta. Now, I'm kind of wardering when
- 19:56Speaker 1: I'm gonna get the whole hog experience when I could
- 19:58Speaker 1: just drive to it, not just order via mail or
- 20:01Speaker 1: ups are fed X. Tell us what the Atlanta experience.
- 20:05Speaker 1: Talk to us now, brother, when you're coming right in Atlanta, Atlanta.
- 20:09Speaker 1: I'm trying to get to you as soon as possible.
- 20:11Speaker 1: I've been trying to get there since last year. But
- 20:13Speaker 1: here we you know, here's a new year where we're coming.
- 20:16Speaker 1: We're a lot closer, hopefully by this summer. We're counting
- 20:20Speaker 1: on July if we're lucky, to have things open at
- 20:23Speaker 1: Metropolitan Parkway. UM. The building is looking great. Uh, most
- 20:27Speaker 1: of the construction is in. UM. We're trying to get
- 20:30Speaker 1: the windows in the furniture going. And those guys are
- 20:33Speaker 1: out there. They were they were getting it, and this
- 20:35Speaker 1: was last week when I checked on them, so they're
- 20:37Speaker 1: making some progress. So we're trying to get that whole
- 20:39Speaker 1: hog to Atlanta at least by the summer, hopefully no
- 20:42Speaker 1: later than July. Now, now, can one order things on
- 20:46Speaker 1: the mail or through fed Ex? Or do you ship
- 20:49Speaker 1: talk to talk to us about the whole operation now,
- 20:51Speaker 1: I know you're based in South Carolina and Alabama. Can
- 20:54Speaker 1: we order to go online and order things get delivered
- 20:57Speaker 1: to our house? Uh? You can? You can order our
- 21:01Speaker 1: food online. Uh, not our food itself, I'm sorry, but
- 21:04Speaker 1: our rubs and our sauces are available online now, our
- 21:07Speaker 1: t shirts and our some hats is what we have
- 21:10Speaker 1: available online right now. We're trying to work on that.
- 21:13Speaker 1: Process is seen about getting the food kind of where
- 21:16Speaker 1: you can order it and with shipping too overnight. But
- 21:21Speaker 1: I want to make sure though. You know a lot
- 21:22Speaker 1: of times that when when you send your food out
- 21:24Speaker 1: you wanted to be right. You don't want it to
- 21:25Speaker 1: be shipped out there and you're not ready for it
- 21:29Speaker 1: right right. You know, that's very true because it's like
- 21:31Speaker 1: the experience because you know there's a lot of people
- 21:34Speaker 1: are microwave your your bobecue. You know, Oh it's tough,
- 21:37Speaker 1: you know, and then because you gotta tell people how
- 21:39Speaker 1: to do it. You know, you gotta put in the
- 21:40Speaker 1: other put a little water underneath it, you know, make
- 21:42Speaker 1: sure it stays juicy and stuff like that. But you
- 21:45Speaker 1: you you're sending it across you know they're going to microwave,
- 21:47Speaker 1: they're gonna zapp it. They're gonna zapping and then they're
- 21:50Speaker 1: gonna go get some of that barbecue salted. The guy
- 21:52Speaker 1: from Kroger's not saying, bobus, you know that ain't your salt.
- 21:55Speaker 1: Next thing, you know, they got that on there. So
- 21:57Speaker 1: you're trying to maintain the right stuff because of the
- 22:00Speaker 1: fact that that sauce. Now, I would tell you right
- 22:02Speaker 1: before my interview, I dropped in a baked potato. See,
- 22:05Speaker 1: I would just tell I just love this book. He
- 22:08Speaker 1: has a book, The Loaded Baked Potatoes. Dropped it because
- 22:11Speaker 1: they're gonna stand there for an hour put in four
- 22:13Speaker 1: hundred degree. Let'll tell you how I do it and
- 22:15Speaker 1: so but I don't. But now you the great thing
- 22:17Speaker 1: about it is that in your book you tell us
- 22:19Speaker 1: how to make the rod this white barbecue. So tell
- 22:22Speaker 1: us about that white barbecue sauce that I'm gonna put
- 22:25Speaker 1: on this Come on, now that Rode his white barbecue
- 22:29Speaker 1: sauce was like, Hey, you plan to go to Alabama,
- 22:31Speaker 1: you need a white sauce. And I'm like, man, you know,
- 22:34Speaker 1: we'll get to that bridge when we crossed, you know,
- 22:36Speaker 1: and all of a sudden we decided, you know, can
- 22:39Speaker 1: we make a twist on this sauce. And I was
- 22:40Speaker 1: like and and we decided to make a white sauce
- 22:44Speaker 1: with with the South Carolina touched to it. And you
- 22:47Speaker 1: know that sauce is great on chicken. And in Alabama
- 22:51Speaker 1: is where I learned that white sauce is right on chicken.
- 22:54Speaker 1: And the first thing I said was, we gotta have
- 22:57Speaker 1: something for the person that loves white sauce us and
- 23:00Speaker 1: and and here it is, man, and we put it
- 23:03Speaker 1: in the book Man. And then and then I closed.
- 23:07Speaker 1: I got a closed as well. First, I want to
- 23:10Speaker 1: tell people it's a cookbook and it's a story, and
- 23:12Speaker 1: so I do. I've just been staying on the recipe
- 23:15Speaker 1: side of it. But it's also a great read about
- 23:18Speaker 1: your life, the important people in your life, the the
- 23:21Speaker 1: the transitional moments that you had in your career. Why
- 23:24Speaker 1: was it important not to do a cookbook kind of
- 23:27Speaker 1: like memoir? Its kind of like that's what it really is,
- 23:29Speaker 1: by different perspectives in your life that were very important
- 23:32Speaker 1: to who you are today, instead of just doing a
- 23:35Speaker 1: basic cookbooks. Rodney, Well, you know, um, when we were
- 23:39Speaker 1: writing this cookbook, Uh, my man, lowless Eric Eli hats
- 23:42Speaker 1: off to this man. He he walked me through the
- 23:44Speaker 1: steps of helping me write this book, and uh, we
- 23:48Speaker 1: were just we're just going over everything, and I said,
- 23:50Speaker 1: you know what that recipe at that time had to
- 23:53Speaker 1: do with me being a child at this age. And
- 23:55Speaker 1: we started telling a story about each recipe and then
- 23:58Speaker 1: telling that I was like, yeah, but that I remember
- 24:00Speaker 1: that day didn't go as great. And before you knew it,
- 24:04Speaker 1: we were talking about my complete childhood and and he
- 24:09Speaker 1: was like, wow, you know you're gonna tell this story?
- 24:11Speaker 1: And I said yes. And all of the things I've experienced, good, bad, ugly,
- 24:18Speaker 1: I said, I think the world should know that, you know,
- 24:21Speaker 1: these are things that I've been through. Maybe somebody else
- 24:24Speaker 1: has been through the same thing, and hopefully they can
- 24:27Speaker 1: learn from this and feel better about their situations, to
- 24:30Speaker 1: move forward, carry on, to be optimistic about whatever things
- 24:33Speaker 1: you encounter. So I decided to tell my story and
- 24:37Speaker 1: and and I have absolutely no regrets in telling everything
- 24:42Speaker 1: that's in that book. But the thing about the beauty
- 24:45Speaker 1: of this book is that a little bit little background
- 24:48Speaker 1: about me, this that uh, you know during the pandemic
- 24:50Speaker 1: is where I met you doing the pandemic during an
- 24:52Speaker 1: interview on money making conversation. I bought a building in
- 24:55Speaker 1: Atlanta and this one acre property and that my one
- 24:58Speaker 1: of my dream was I to have my own vegetable garden,
- 25:03Speaker 1: uh on my property in my office because I got
- 25:05Speaker 1: a built in kitchen. And I'm launched my show next
- 25:08Speaker 1: month called Rushawn's kitchen. So you know I'm gonna cook
- 25:10Speaker 1: a lot of represents when I cook your recipe and
- 25:12Speaker 1: my how your book sitting right there, tell everybody just
- 25:15Speaker 1: came straight out of Rodney, Scots World of Barbecue book
- 25:19Speaker 1: right here, credit given. That's how I do it on
- 25:21Speaker 1: my show. And so I have. I got lettuce back there,
- 25:25Speaker 1: I got the cherry and the beef steaks, tomatoes, I
- 25:28Speaker 1: got ocra back there. I got seedless water, the Royal
- 25:31Speaker 1: seedless watermelons. I got my parsley, and I got my cilantro,
- 25:35Speaker 1: and I got my uh colleague greens. So in my
- 25:41Speaker 1: hall opeenions can forget the hallepeenis yellow and white anions
- 25:44Speaker 1: as well for my pika guy, because I'm a text
- 25:46Speaker 1: max food now. So when I saw your book and
- 25:50Speaker 1: I saw colleague grees, I just smiled, knowing that I'll
- 25:53Speaker 1: be pulling my collar greens right out my back of
- 25:56Speaker 1: my building. Bro Foo, I will tell me right you
- 26:00Speaker 1: said you did you put the rode the sauce on
- 26:03Speaker 1: top of the collar green. Tell us about that, man,
- 26:05Speaker 1: Come on, bro. So me, growing up as a kidd,
- 26:08Speaker 1: colar greens was not one of my favorites. So I
- 26:11Speaker 1: always I always wanted to, uh uh stay stay true
- 26:16Speaker 1: to the barbecue game. And besides that, come with the
- 26:19Speaker 1: barbecue game. And my my partner Nick was like, hey, dude,
- 26:22Speaker 1: you gotta put collar greens on this menu. I said, dude,
- 26:24Speaker 1: I'm not I'm not a fan of collar greens. And
- 26:26Speaker 1: he says, how do you How do you know if
- 26:29Speaker 1: you never had your greens? You need to create a
- 26:32Speaker 1: favor that you enjoy. And I'm like, man, I'm telling
- 26:33Speaker 1: you I don't like no collar greens. But I tried
- 26:35Speaker 1: it so many times growing up. And he said, well,
- 26:39Speaker 1: look at the list of ingredients that we think that
- 26:42Speaker 1: you should put in there. And I looked it over
- 26:43Speaker 1: and I was like, you know, I'll try to sing.
- 26:46Speaker 1: And before you know it, I tasted those greens with
- 26:48Speaker 1: that sauce in that pork and I said, you know,
- 26:52Speaker 1: I could do this, and I was surprised. The first
- 26:55Speaker 1: time I ever tasted it where people could see was
- 26:59Speaker 1: on that chef's table, and I was like, oh, man, okay,
- 27:03Speaker 1: I've been missing out on these colar greens for a lifetime.
- 27:05Speaker 1: And I said, we need to put this in the book.
- 27:08Speaker 1: We need to put these greens in there. And they
- 27:11Speaker 1: smell like the way my mama used to make them.
- 27:14Speaker 1: They I guess they taste like my mama would make
- 27:17Speaker 1: them hamaks. And got the ham hocks in there, yes, sir,
- 27:21Speaker 1: you know, put that whole hamm up, you know. And
- 27:25Speaker 1: uh when when we did it like that, I was like, Okay,
- 27:28Speaker 1: these these are not so bad, and I wanted to
- 27:30Speaker 1: make sure and put them in there to hopefully inspire
- 27:32Speaker 1: some kid to taste those colar greens growing up. Opportuation
- 27:36Speaker 1: man right there and George talking to you. I also
- 27:38Speaker 1: got some cabbages playing it out there. So I'm gonna
- 27:41Speaker 1: do the cold slawers in the book too, So you
- 27:43Speaker 1: you already know I'm gonna be this book gonna be
- 27:45Speaker 1: like kind of dirty when I finished with it, you know,
- 27:47Speaker 1: after do something that's what I want. But I want
- 27:50Speaker 1: some memories in there, you know. I want some memories
- 27:52Speaker 1: for you. And that book not just nice and pretty
- 27:55Speaker 1: on the shelf. Open that thing up. Well, you know,
- 27:58Speaker 1: I always enjoyed talking to the second time. You just
- 28:00Speaker 1: feel like a friend. Man. That's why I can't wait
- 28:02Speaker 1: to you. Open the place man, so I can come
- 28:04Speaker 1: down and come to come by my office and I
- 28:06Speaker 1: show you for real that I wasn't joking, And show
- 28:09Speaker 1: you my garden and show you my kitchen, and I'm
- 28:12Speaker 1: gonna make the corn and make your corn Brett right
- 28:14Speaker 1: in front of you and that cash stass killer, because
- 28:16Speaker 1: that's a blessing to be able to have somebody's talented
- 28:18Speaker 1: you that you can show off. He said, he had
- 28:20Speaker 1: me showing off to you. You know I can do this, brother,
- 28:23Speaker 1: You know that. Come on, Thank you, brother, thank you.
- 28:24Speaker 1: But more importantly, man, your book's amazing, Rodney Scotts World
- 28:27Speaker 1: of Barbecue. Thank you for coming on Money Making Conversations again, Rodney,
- 28:31Speaker 1: oh man, thank you for having me. And I might
- 28:33Speaker 1: have to come by that office and let you do
- 28:34Speaker 1: the cooking. Absolutely, don't don't worry about that. On the
- 28:37Speaker 1: fried chicken with the pepper and come on, brother, this book,
- 28:40Speaker 1: kid is crazy good. It's crazy good, and I forgot
- 28:43Speaker 1: to talk about it now to putting. But we're't gonna
- 28:45Speaker 1: talk about that. We're gonna talk about that because it
- 28:47Speaker 1: is in the book. We will be right back with
- 28:51Speaker 1: more money Making Conversations with your host, ros Sean McDonald.
- 28:54Speaker 1: It's finally here, the season of celebration, and no matter
- 28:58Speaker 1: how you celebrate with family and friends. Whether you're preparing
- 29:01Speaker 1: for Reis magos or Karamu lighting the Manura, are going
- 29:05Speaker 1: to midnight mass. Coals has just what you need to
- 29:08Speaker 1: make those traditions special. Plus you'll find gifts for all
- 29:12Speaker 1: your loved ones. Send warm wishes with cozy fleeces, sweaters, loungeware,
- 29:16Speaker 1: blankets and throws. Support minority owned or founded brands by
- 29:20Speaker 1: giving gifts from Human Nation and shame moisture or treat
- 29:24Speaker 1: them to everyone's favorite active wear from top brands like Nike, Adidas,
- 29:28Speaker 1: and under Armor. And in the spirit of giving, Coals
- 29:32Speaker 1: Cares is donating eight million dollars to local nonprofits nationwide
- 29:36Speaker 1: committed to the health and well being of our communities.
- 29:39Speaker 1: No matter how you celebrate, when you shop at Coals,
- 29:42Speaker 1: you're right where you belong. So this season, give with
- 29:46Speaker 1: all your heart with great gifts from Coals or Coals
- 29:49Speaker 1: dot Com. And we're live here outside the Perez family home,
- 29:53Speaker 1: just waiting for them. And there they go, almost on time.
- 29:57Speaker 1: This morning, Mom is coming off the front door strong
- 29:59Speaker 1: with a double arm kid carry looks like Dad has
- 30:02Speaker 1: the bags. Daughter is bringing up the rear. Oh, but
- 30:05Speaker 1: the diaper bag wasn't closed. Diapers and toys are everywhere,
- 30:11Speaker 1: but mom has just nailed the perfect car seat buckle
- 30:14Speaker 1: for the toddler. And now the eldest daughter, who looks
- 30:17Speaker 1: to be about nine or ten, has secured herself in
- 30:20Speaker 1: the booster seat. Dad SIPs the bad clothes and they're off,
- 30:25Speaker 1: but looks like Mom doesn't realize her coffee cup is
- 30:27Speaker 1: still on the roof of the car, and there it goes. Ah,
- 30:32Speaker 1: that's a shame that mug was a fan favorite. Don't
- 30:35Speaker 1: sweat the small stuff. Just nailed the big stuff, like
- 30:37Speaker 1: making sure your kids are buckled correctly in the right
- 30:39Speaker 1: seat for their agent's eyes. Learn more n h t
- 30:41Speaker 1: s A dot gov slash the Right Seat visits h
- 30:45Speaker 1: s A dot gov slash the Right Seat. Brought to
- 30:48Speaker 1: you by Mitza and the ad Council. Hi everyone, Al
- 30:51Speaker 1: Roker here as a guy with his own catchphrase. I
- 30:53Speaker 1: appreciate that Smokey's only said only you can prevent wildfires,
- 30:58Speaker 1: but I'm filling in because there's a lot more to report,
- 31:01Speaker 1: like when they're parched or windy conditions out there. You
- 31:04Speaker 1: gotta be extra careful with things like burning yard waist.
- 31:08Speaker 1: After all, wildfires can start anywhere, even in your neck
- 31:11Speaker 1: of the woods. Go to Smokey Bear dot com to
- 31:14Speaker 1: learn more about wildfire prevention. Brought to you by the U. S.
- 31:17Speaker 1: Forest Service, your State Forrester and the AD Council. Hi.
- 31:20Speaker 1: I am Rashan McDonald, host of Money Making Conversation dot com.
- 31:23Speaker 1: The Cafe Marca Swag Award is a celebration of Black
- 31:26Speaker 1: men who are making a difference in our community by
- 31:29Speaker 1: empowering others to reach their life goals from civic leaders, businessmen, activists,
- 31:34Speaker 1: celebrities and everyday days. The Cafe Marca Swagg Award winner
- 31:37Speaker 1: this week is Jahe Winston jah. He is a fifteen
- 31:41Speaker 1: year old rising actor who has shared the screen with
- 31:43Speaker 1: Roger P. Hinson, Kevin Hard and now stars in the
- 31:46Speaker 1: new HBO Max movie Charm City Kings with rapper Meek Mill.
- 31:51Speaker 1: But he's more than a teenage actor. Where all of
- 31:53Speaker 1: my works comes from, whether it be the roles that
- 31:55Speaker 1: I take, whether it be the work that I do
- 31:57Speaker 1: off screen, and the stories that I write and create create.
- 32:01Speaker 1: I always want to come from a place and how
- 32:03Speaker 1: cannot service my community. But by doing this, The Cafe
- 32:06Speaker 1: Marcha Squag Award represents men who have strength, whose wisdom
- 32:09Speaker 1: is assert and who is genuine in their spirit. Welcome
- 32:12Speaker 1: back to Money Making Conversations with your host. Rashaan McDonald.
- 32:16Speaker 1: My next guest, she's one of my favorites. She makes
- 32:18Speaker 1: me laugh, she makes you smile all the time. Is
- 32:21Speaker 1: Jody Watley. She's a Grammy Award winning, trend setting pioneer
- 32:24Speaker 1: and music video, fashion and style. Jodie is listening on
- 32:27Speaker 1: Billboards Top sixty Hot one hundred female artists of all time.
- 32:31Speaker 1: She's Top twenty five dance artists of all time. She
- 32:34Speaker 1: became one of the first artists to release a million
- 32:36Speaker 1: selling video, Dance to Fitness. She was the first woman
- 32:40Speaker 1: of color to play Rizzo on Broadway and they hit
- 32:43Speaker 1: Musical Greece. She is an entrepreneur and she's celebrating the
- 32:46Speaker 1: thirty fourth anniversary of her breakthrough Grammy Award winning solo
- 32:50Speaker 1: album and the mega hits like I'm Looking for a
- 32:54Speaker 1: New Love, Don't You Want Me? And Still A Three
- 32:59Speaker 1: and Please Walking the money Making Conversation before we get
- 33:02Speaker 1: out of hand, joy girl, Come on, how you knowing?
- 33:09Speaker 1: My friends? I'm great, great to see you and being
- 33:13Speaker 1: here with you on money Making conversation. You know. It's
- 33:16Speaker 1: really always a pleasure to your images always shine, you know,
- 33:20Speaker 1: And I always tell people are you know I talked
- 33:22Speaker 1: about that earlier in my intro about age, because people
- 33:24Speaker 1: stend to start saying what they can't do when they
- 33:27Speaker 1: reach a certain age. Talk give people advice about that
- 33:31Speaker 1: journey and that that limits yourself, specially your friends and
- 33:34Speaker 1: your family can stop you too, you know, and your
- 33:36Speaker 1: loved ones can stop you to talk about being able
- 33:39Speaker 1: to overcome the odds. Basically, sometimes it's just you look
- 33:42Speaker 1: in the mirror stopping yourself. You know. That is so true.
- 33:46Speaker 1: And one of my mantras is just live life. Forget
- 33:50Speaker 1: your age, don't worry about what people have to say
- 33:53Speaker 1: about you. Just live and and be your authentic self.
- 33:58Speaker 1: And I think if you get up on age, it
- 34:01Speaker 1: really will prevent you from um, you don't know what
- 34:06Speaker 1: the exuberance the new goals. Um. You know, life doesn't
- 34:11Speaker 1: end until it ends. And so I'm a big believer
- 34:16Speaker 1: and uh, and that's why I'm always so exuberant, you know.
- 34:19Speaker 1: With the end of I'm just mad, absolutely, And it's
- 34:24Speaker 1: not about trying to dress young and not trying to
- 34:27Speaker 1: act young. It's being topical. It's about being able to
- 34:30Speaker 1: live life. And it was my staff. I always said, Richard, look,
- 34:33Speaker 1: you know, act your age from a standpoint, how I walk,
- 34:36Speaker 1: I address, how I talk, And I watched television. I
- 34:39Speaker 1: watch television. I like I want King Kong, I mean
- 34:42Speaker 1: in Godzilla for the second time with my daughter, you know,
- 34:44Speaker 1: because I just liked them know different things and like
- 34:47Speaker 1: the experience of the thing. Then I turn around watch
- 34:49Speaker 1: Captain America on Disney Plus. And then I turn around
- 34:51Speaker 1: and watch different types of movies, different types of sitcoms,
- 34:54Speaker 1: and I'm in tune it with the news that's going on,
- 34:57Speaker 1: a social injustice and COVID nineteen. And that's really what
- 35:01Speaker 1: we're talking about. Still aware, correct, yes, absolutely being aware,
- 35:07Speaker 1: and also always having that you know, that inner child
- 35:10Speaker 1: that should always be within us to continue to learn
- 35:15Speaker 1: and grow and explore and be excited. It's like, get
- 35:18Speaker 1: excited about being alive, being here, having new opportunities. Each
- 35:24Speaker 1: day is a new opportunity. And to let your light shine.
- 35:28Speaker 1: You know, if I was saying before, what it is,
- 35:31Speaker 1: you're like, don't let anyone, damn it, reduce it. Keep
- 35:34Speaker 1: your light shining, you know. And I wanted to get
- 35:37Speaker 1: you back on the show because last time we talked
- 35:39Speaker 1: was in September and we were still was you know,
- 35:42Speaker 1: kovie was still wrapped around our neck, but we're still
- 35:45Speaker 1: were starting to see some light and you know, live
- 35:49Speaker 1: live concerts were basically the live event in general will
- 35:51Speaker 1: shut down. Everything was virtual. You really can make money virtual,
- 35:55Speaker 1: and so so the Tory industry was just put on hold.
- 35:58Speaker 1: And so now we're kind of COVID vaccine. I will
- 36:01Speaker 1: tell everybody I've been vaccinated twice, and I'm not putting
- 36:04Speaker 1: that pressure on anybody, just like you know, that's what
- 36:05Speaker 1: I did. I just felt that I wanted to take
- 36:07Speaker 1: control of my life. I didn't have control of my life.
- 36:10Speaker 1: I still wear masks, Jody, and I still do the
- 36:12Speaker 1: hand sanitizer. But still I feel a lot more comfortable,
- 36:16Speaker 1: not that I've been vaccinated. I feel like I when
- 36:18Speaker 1: I when I get the sniffles. I don't think there's
- 36:20Speaker 1: COVID nineteen okay, you know exactly. And I just had
- 36:25Speaker 1: my first dose and I posted a little short clip
- 36:28Speaker 1: on my social media, uh first dose last week, And
- 36:34Speaker 1: like you it's like being in control of something that was,
- 36:38Speaker 1: you know, out of our hands and to encourage others
- 36:41Speaker 1: to to do you know, do let's do our part
- 36:44Speaker 1: to get beyond this. I'm still masking too, and I
- 36:48Speaker 1: will continue to double mask even though even after I
- 36:52Speaker 1: get my second dose um, because I'm comfortable with it now,
- 36:56Speaker 1: you know, and so and why shock hands and Santa
- 37:01Speaker 1: It's it's to me, it's a way of life now.
- 37:04Speaker 1: But I feel, like you said, it's like when you
- 37:07Speaker 1: get the sniffles or something, you won't think, oh my gosh,
- 37:10Speaker 1: you know, uh so yeah, I got those one and
- 37:14Speaker 1: it really hurt like crazy though that it's the only
- 37:17Speaker 1: thing people, It's like I got I gotta fight fighter.
- 37:20Speaker 1: What did you? Which one did you get? Because you know,
- 37:23Speaker 1: so they don't tell you to get there what you're
- 37:24Speaker 1: gonna get? You know, you said you won't show up.
- 37:26Speaker 1: I want mcdonna. Well they go, you don't know, just
- 37:28Speaker 1: get in lie when you get a lot and tell
- 37:30Speaker 1: you when they hit you all listen Johnson Johnson. They
- 37:34Speaker 1: don't know. But all I know is that, you know,
- 37:36Speaker 1: just you know, it really did change me in the positive.
- 37:39Speaker 1: I'm not gonna Jody. When I got that the first one,
- 37:42Speaker 1: I was like, you you don't realize how much stress
- 37:45Speaker 1: you under walking around? You know, people coming up to you.
- 37:50Speaker 1: Some people might come up to you mask, some people
- 37:52Speaker 1: come with you. Remember the mask don't guarantee you. You
- 37:54Speaker 1: know this. You look at CDC. They have changed the
- 37:56Speaker 1: rules every other day, you know. And so when you
- 37:59Speaker 1: get food, you go shopping, did you touch the grocery basket?
- 38:02Speaker 1: When you get gas, did you? Did you? Did you?
- 38:04Speaker 1: Did you transfer the possible gerve to your stern wheel?
- 38:08Speaker 1: Did you? Did you? Did you? Don't know. It's just
- 38:10Speaker 1: so many things that that come into play. Then now
- 38:14Speaker 1: I don't have to worry about but I am still
- 38:18Speaker 1: cautious because that's the way we're gonna live for the
- 38:20Speaker 1: rest of our lives. We're gonna be and a hand
- 38:22Speaker 1: sanitizement because they said flu flues are down, flu hospitalizations
- 38:26Speaker 1: are down because we are sanitizing because we are more cautious. So,
- 38:31Speaker 1: like you said, it's not gonna change right now. I
- 38:34Speaker 1: think it will be the lifestyle. And you know, I'm
- 38:37Speaker 1: uh hand sanitizer. I have alcohol wipes in the car,
- 38:42Speaker 1: so when I'm going to the store, it's like, you know,
- 38:45Speaker 1: I've got gloves and sanitizing the gloves and so you know, constantly.
- 38:50Speaker 1: But you know, like you said, and I never even
- 38:52Speaker 1: had a flu shot. And so initially for people that
- 38:56Speaker 1: you know, you remember when we were little and it
- 38:59Speaker 1: was manned or you had to get the vaccine at
- 39:01Speaker 1: school and kids would be crying and passing out. And
- 39:05Speaker 1: so that was the last time I'd ever had and
- 39:07Speaker 1: I still have a scar on my arm form that one.
- 39:13Speaker 1: You know, as someone who hates needles. It was, you know,
- 39:16Speaker 1: to anyone listening, it really it goes so quick and
- 39:19Speaker 1: it was just like a little sting. And then I've
- 39:22Speaker 1: never been so I never thought I would say I
- 39:25Speaker 1: was actually relieved, like you said, to to get you know,
- 39:29Speaker 1: step one, and then I have the second one. But
- 39:32Speaker 1: for a vaccine, you know, but it wasn't it brings
- 39:36Speaker 1: a little sense of peace with it, you know, because
- 39:39Speaker 1: it has been stressful. Well, you have to get vaccinated
- 39:43Speaker 1: because some things are happening for you. Girl with the
- 39:45Speaker 1: National Museum of African American Music in Nashville, so you
- 39:49Speaker 1: got to come down to Nashville. Here pretty soon before
- 39:51Speaker 1: you come down to Nashville, U was appointed as the
- 39:54Speaker 1: first ever ambassador for the National Museum of African American Music.
- 39:58Speaker 1: I know a lot of those people up there, I
- 40:00Speaker 1: put the beauty. The building is beautiful, by the way,
- 40:03Speaker 1: It's a beautiful building. So tell about tell us about
- 40:06Speaker 1: how you got tied into it and what are some
- 40:08Speaker 1: of the responsibilities being the ambassador of the National Museum
- 40:11Speaker 1: of African American Music. And in all it's uh session honor,
- 40:16Speaker 1: you know, needless to say, um to be appointed as
- 40:20Speaker 1: the first ambassador, and it really um, you know, being
- 40:24Speaker 1: recognized for you know, being a trendsetter in music, my longevity, uh,
- 40:31Speaker 1: my endeavors as an artist, humanitarian and a lot of
- 40:36Speaker 1: the things that I've done over the years, and UM,
- 40:40Speaker 1: you know, it's it's important to to be someone who's
- 40:44Speaker 1: always known for being you know, well spoken, prepared in
- 40:49Speaker 1: all of those things. And so uh you know, I'm
- 40:52Speaker 1: sure that went into the decision, and so you know,
- 40:55Speaker 1: I encourage memberships and um reading information about the museum. UM.
- 41:03Speaker 1: So far there's over a d artifacts and more to come.
- 41:09Speaker 1: They have interactive galleries, UH, they have educational programs. So
- 41:14Speaker 1: it's perfect for music lovers of all ages. UM. It's
- 41:18Speaker 1: not even not expensive, and for anyone who proclaims to
- 41:21Speaker 1: love African American music and love us you know, it's
- 41:25Speaker 1: not a race thing, but anyone can support the museum
- 41:28Speaker 1: and the memberships. Uh, you know, fifty dollars a year
- 41:33Speaker 1: is really you know, uh doable a month, roughly four
- 41:40Speaker 1: dollars a month, that's what you were talking about to
- 41:43Speaker 1: support our history and it is the only history of
- 41:46Speaker 1: its kind in the world. And um and so, like
- 41:50Speaker 1: I said, for me, it's an honor to be the
- 41:52Speaker 1: first ambassador. You know, there's a on the general tron
- 41:55Speaker 1: in front is at least going uh you know, you know,
- 42:03Speaker 1: it's really a beautiful I look at my career, I
- 42:06Speaker 1: look at the people I've involved in and I used
- 42:08Speaker 1: the word career because you have a career because you know,
- 42:12Speaker 1: there a lot of people get opportunities in this business.
- 42:14Speaker 1: And you know what I'm talking about his life I
- 42:17Speaker 1: look at and stay relevant and you're you. You managed
- 42:20Speaker 1: to stay relevant and also have a career at the
- 42:22Speaker 1: same time. And that's a scary part because you know,
- 42:26Speaker 1: you started out so young in your career and now
- 42:28Speaker 1: you look at it now. So to talk to my
- 42:31Speaker 1: my viewers and my listeners about you know, longevity and
- 42:35Speaker 1: the word career. In the words of Jody Watley, you know,
- 42:39Speaker 1: longevity is the key because you know you can have uh,
- 42:46Speaker 1: it sustains success, is what it's all about. And I
- 42:50Speaker 1: think with the decision making, uh, with being a professional,
- 42:55Speaker 1: with seeing the big picture. Um, it's it's us has
- 43:00Speaker 1: always been really important to me as opposed to doing things,
- 43:05Speaker 1: you know, for you know, quick fame or quick glory
- 43:08Speaker 1: or a quick dollar. Um. And so to anyone listening
- 43:13Speaker 1: and watching, it really is always look at the bigger picture,
- 43:17Speaker 1: even when no one else you might be the only
- 43:20Speaker 1: one in your circle, might not have a circle. Uh.
- 43:24Speaker 1: And people may try to talk you into things that
- 43:26Speaker 1: are very shortsighted, but you always have to have that vision.
- 43:30Speaker 1: Longevity is the greatest thing no matter what your profession is,
- 43:35Speaker 1: but especially in the music business because it's so you know,
- 43:39Speaker 1: fickle and um. And so I've just really worked at
- 43:43Speaker 1: my craft and also been able to expand you know,
- 43:47Speaker 1: I'm a songwriter as well, uh and so to have
- 43:51Speaker 1: songs that I can still sing or songs that still
- 43:54Speaker 1: get played on the radio. Um. You know, past and
- 43:58Speaker 1: present is everything. But think a lot of people get
- 44:01Speaker 1: caught up in them and and I'm very much live
- 44:03Speaker 1: in the moment. But when you're having your career. You
- 44:06Speaker 1: gotta think in the long term and not the short term. Wow,
- 44:12Speaker 1: because I know that. I remember when I first walked
- 44:15Speaker 1: on stage doing stand up comedy in college and and all,
- 44:18Speaker 1: it was just it's just an idea. I don't know
- 44:21Speaker 1: why I was on stage, but I just knew how
- 44:23Speaker 1: something I wanted to do At what point in your
- 44:26Speaker 1: career because you were just blessed with gifts, you know,
- 44:28Speaker 1: and God. I always believe God gives us all gifts.
- 44:30Speaker 1: It's what we do with those gifts and how much
- 44:32Speaker 1: work we put into following that dream or opportunity. When
- 44:35Speaker 1: did't you realize this was something that you could do
- 44:38Speaker 1: versus something that you was given opportunity to pursue. In
- 44:42Speaker 1: other words, you can make money off this, you can
- 44:43Speaker 1: live off this. Then comes to challenges of like I said, sustainability,
- 44:50Speaker 1: great question. Um. You know when I was first starting out,
- 44:55Speaker 1: like I said, I always hope that you know, it's
- 44:57Speaker 1: like giving an opportunity, um, being prepared because my dad,
- 45:03Speaker 1: you know, arrested soul. He used to always talk about planning, preparation,
- 45:08Speaker 1: and purpose, and so it's kind of ingrained in me.
- 45:12Speaker 1: Uh So, when opportunity was ready, was presenting itself. I
- 45:18Speaker 1: was ready for it. So within the opportunity is how
- 45:21Speaker 1: I handled it, How I handled the adversity, how I
- 45:25Speaker 1: handled you know, learning from mistakes and always using the
- 45:29Speaker 1: knowledge to to improve my situation. You know, starting out,
- 45:36Speaker 1: you know, not really knowing about the business of music,
- 45:40Speaker 1: but learning the business of music is more business than
- 45:43Speaker 1: it is. You know. They call it show business for
- 45:46Speaker 1: a reason. Business part is and a lot of people
- 45:49Speaker 1: get that wrong as they get caught up. And I'm famous,
- 45:53Speaker 1: and I never cared about being famous. I can tell
- 45:56Speaker 1: you that I always wanted to be you know, uh, perform, armor,
- 46:00Speaker 1: have my own business, um, design club. Like. I always
- 46:05Speaker 1: had a lot of ambition, um. But I've always been
- 46:08Speaker 1: really level headed. And I think when I knew I
- 46:13Speaker 1: would make a living, it's just and maybe I always
- 46:18Speaker 1: believed that, um, but there was no one moment where
- 46:23Speaker 1: I said I can make a living from this, right.
- 46:25Speaker 1: You know, it's really interesting when you say that, because
- 46:27Speaker 1: you don't. You know, sometimes you just get in the
- 46:29Speaker 1: moment and then all of a sudden, you know, the
- 46:31Speaker 1: first part of it is just enthusiasm, you know, walking
- 46:35Speaker 1: on stage, seeing all these people, you know, you know,
- 46:37Speaker 1: it's almost you almost get caught up in it. And
- 46:39Speaker 1: so but you have to somewhere along in line put
- 46:41Speaker 1: those blinders on and slow down and go, Okay, what
- 46:44Speaker 1: do I want to do? And those are the tough
- 46:46Speaker 1: decisions that you have to make because it allows you
- 46:49Speaker 1: now to be inducted into the National Museum of African
- 46:55Speaker 1: American Music in June of one. If that's not a
- 47:00Speaker 1: great thing that happened post pandemic, because it couldn't have happened,
- 47:05Speaker 1: tell us about getting that phone called, tell us about
- 47:09Speaker 1: you know, just putting yourself in. That's that's iconic. That's
- 47:12Speaker 1: that's that's beautiful, you know. And tears actually and wishing
- 47:17Speaker 1: my dad would was here, but I know he's smiling
- 47:20Speaker 1: from above because he was the one that always, you
- 47:23Speaker 1: know and still so many you know, great principles and
- 47:27Speaker 1: me and said, you know, I was gonna be a
- 47:30Speaker 1: star and all those things. But also at the same time,
- 47:34Speaker 1: you know, remember only the strong survived. You Always, my dad,
- 47:39Speaker 1: he used to get on my nerves because he always
- 47:41Speaker 1: had these pearls of wisdom and it's just like, oh
- 47:45Speaker 1: my god, you know, but I'm so thankful because it's
- 47:48Speaker 1: stuck with me. You know, it's stuck with me, and
- 47:50Speaker 1: I think that's why the same part of it never
- 47:55Speaker 1: has really is to be proud of my work and
- 47:59Speaker 1: to um inspire other people. It's very important to me,
- 48:04Speaker 1: and I think that I always hope that that is
- 48:08Speaker 1: the example that I continue to to set, you know,
- 48:12Speaker 1: um and to to have it by being my authentic self,
- 48:18Speaker 1: have the style that I have, and to have influenced
- 48:21Speaker 1: so many people, and to be recognized for that in
- 48:25Speaker 1: this National Museum of African American Music, It's just it's
- 48:29Speaker 1: just a blessing. Don't mess because you've got a lot
- 48:31Speaker 1: of looks now, Jody, Okay, now you've got a lot
- 48:33Speaker 1: of looks now. You know we can go back. Urt.
- 48:36Speaker 1: You got the exercise look, you got that I'm looking for,
- 48:39Speaker 1: you know what I'm saying, And so you got that
- 48:42Speaker 1: second time, you got that look. You've got so many
- 48:46Speaker 1: great looks. So so is it gonna be a wax
- 48:49Speaker 1: when I go up there in Nashville, I Am not
- 48:51Speaker 1: going to see a wax figure of you. I'm gonna
- 48:53Speaker 1: see a photo. What iconic look are they gonna have
- 48:55Speaker 1: for your display at the museum? And I can't give
- 48:58Speaker 1: it away? It is. It is Jody Watley and it's
- 49:02Speaker 1: one of my solo iconic looks, and um, I'm just
- 49:08Speaker 1: so like I said, I can't wait to see it
- 49:11Speaker 1: and how they put the installation together. But I've curating, uh,
- 49:16Speaker 1: some of my most curate iconic pieces, okay for people
- 49:21Speaker 1: to see. So when they see it, they'll be like,
- 49:23Speaker 1: oh my god. You know from the jumbo, who is
- 49:27Speaker 1: I forgot to put today? You know? You know, it's
- 49:32Speaker 1: like that's Jody Watty. Oh my god. You know. So
- 49:36Speaker 1: I'm just so excited. It's unbelievable. And we haven't fun
- 49:41Speaker 1: because you know, and I'm just teasing you out of
- 49:43Speaker 1: this tremendous respect and trying to get a little inside
- 49:46Speaker 1: information on mighty made conversation. But I know the big
- 49:49Speaker 1: prize is being in June, being there at this celebration
- 49:54Speaker 1: with family, with friends, industry executives of other legends in
- 49:59Speaker 1: the building. I I've been fortunate to be recognized for
- 50:02Speaker 1: my my talents and what I've done in this business.
- 50:05Speaker 1: And it's really kind of interesting, Jody, because you don't,
- 50:09Speaker 1: you know, you live a life so fast and live
- 50:11Speaker 1: a life so to the next moment. Sometimes you have
- 50:14Speaker 1: to you don't look back and realize that path of success.
- 50:17Speaker 1: And I mentioned only a few things that you've accomplished
- 50:20Speaker 1: in your amazing life. So, like you said, when you
- 50:23Speaker 1: got the call, you were in tears. Now as it
- 50:26Speaker 1: gets closer, we're in April, made you Okay, it's a
- 50:30Speaker 1: couple of months now, right. Well, you know that's the
- 50:33Speaker 1: thing too about getting the vaccine, because I haven't traveled,
- 50:37Speaker 1: and I'll probably have some sort of PTSD, you know,
- 50:41Speaker 1: just being and not really being around too many people.
- 50:45Speaker 1: I've really been in a in a bubble and so
- 50:48Speaker 1: so I'm excited to make the trip, uh to Nashville.
- 50:52Speaker 1: And you know, uh, it's gonna be beautiful, you know,
- 50:59Speaker 1: because you know people don't wanna be on that red carpet. Okay,
- 51:02Speaker 1: I gotta turn this way. You gotta turn this way.
- 51:04Speaker 1: People gonna wanta want you to touch them. They're gonna
- 51:07Speaker 1: want you to do some selfies. Girl. You better be
- 51:10Speaker 1: you better be maped up, get your little plastic sheel
- 51:13Speaker 1: on your face, You better your look. You design something
- 51:19Speaker 1: you know, you know, but you listen. But the blessed
- 51:22Speaker 1: it is thirty four years anniversary of you that that
- 51:25Speaker 1: that single, that that they put you out there and
- 51:28Speaker 1: made you a star at the next up let me say,
- 51:32Speaker 1: let me correct it. The next level star. It's a
- 51:34Speaker 1: solo artist, because that's all we all but want, because
- 51:36Speaker 1: you could be in a group maintain success, but you know,
- 51:39Speaker 1: you gotta kind of grow as a group. You gotta
- 51:41Speaker 1: train as a group kind of answers the group. But
- 51:43Speaker 1: when that album dropped, what was the most defining moment
- 51:47Speaker 1: for you at that time? Oh, you know what before
- 51:54Speaker 1: winning the Grammy Award for Best New Artists, when the
- 51:56Speaker 1: single started taking out my first the day you single,
- 52:00Speaker 1: looking for a New Love, and when it started taking off,
- 52:05Speaker 1: and and Joe Busby who signed me, who was just
- 52:09Speaker 1: so amazing and uh had so much confidence in me
- 52:13Speaker 1: and allowed me to present my authentic self. I said, Gerald,
- 52:17Speaker 1: I just you know, I want to beat Jody Whatley.
- 52:20Speaker 1: I don't want to be marketed as formerly. I just
- 52:24Speaker 1: it's Jody Whatley, Jody Whatley, and this is how I
- 52:28Speaker 1: want the visuals to be. And so he really, you know,
- 52:31Speaker 1: we all need someone like that, and he was the one.
- 52:34Speaker 1: He just gave me the freedom. But then galvanized the
- 52:37Speaker 1: company um and the single right away it just started
- 52:44Speaker 1: taking off, and you know, I was going kind of
- 52:47Speaker 1: like a politician. I mean, Gerald had me going across
- 52:50Speaker 1: the country shaking hands and meet and greets and you
- 52:54Speaker 1: know and fish fries and at the Pine and I
- 52:59Speaker 1: was meeting everybody, you know, and was happy to do it.
- 53:03Speaker 1: And so there was such a positive anticipation and um
- 53:08Speaker 1: and they loved the song and then they just really
- 53:13Speaker 1: um connected with me with the grassroots effort that was invaluable.
- 53:20Speaker 1: And I just I never in my wildest dreams I
- 53:25Speaker 1: thought it was good, you know, but we all think
- 53:27Speaker 1: our work is good and great, but it just it
- 53:31Speaker 1: just took off, like just like God just made it happen.
- 53:36Speaker 1: You know, you was our girlfriend. You know, you was
- 53:38Speaker 1: use our girlfriend, you know, buddy, you know somebody because
- 53:42Speaker 1: you were natural. You know, it was nothing overblowing about.
- 53:45Speaker 1: You just saw like somebody we could walk up talk
- 53:47Speaker 1: to you. That's why he put you in those those
- 53:49Speaker 1: natural environments where people can see you just like there.
- 53:52Speaker 1: You just have some some talent that God gave you
- 53:55Speaker 1: that now you're sharing in the music. Now, before we go,
- 53:58Speaker 1: I got to talk about your signature line. You know,
- 54:00Speaker 1: we know it's about money making conversations entrepreneurship. I don't
- 54:03Speaker 1: want to get lost in the induction is great, their announcement,
- 54:06Speaker 1: the ambassadorship is great. But we know we're about to
- 54:08Speaker 1: roll into this June event. We're about to announcement the
- 54:11Speaker 1: new arrival of some of your signature line, your home life,
- 54:15Speaker 1: Body Miss, and your calm com for different things. Let's
- 54:18Speaker 1: talk about the things in your shop. So we in June.
- 54:21Speaker 1: You know, I'm you know, I'm gonna coming with you.
- 54:23Speaker 1: I'm trying to come up there and be with you.
- 54:25Speaker 1: But more importantly, I'm gonna promote all these things and
- 54:28Speaker 1: trying to create a uh Galvinnie send you because a
- 54:30Speaker 1: lot of media is gonna be around you in the
- 54:32Speaker 1: month of June. So let's talk about your entrepreneurship background,
- 54:35Speaker 1: your signature homeline. So the candle line, the signature line
- 54:40Speaker 1: is Luxury soy candles, clean burning. Um. You know, I've
- 54:44Speaker 1: always been into personal wellness. That goes back to the
- 54:47Speaker 1: fitness video, dance the fitness UM. So it's just a
- 54:51Speaker 1: natural progression. So uh, we have calm and comfort and sanctuary.
- 54:57Speaker 1: The body Miss just coming, that's a new it will
- 55:00Speaker 1: be here uh in May and time for Mother's Day
- 55:03Speaker 1: even I'm doing a conditioning beard oil for men. Come
- 55:09Speaker 1: on that girl. You know I gotta get some of that.
- 55:12Speaker 1: I'm gona teasing Jody. I'm going to buy. Don't send
- 55:14Speaker 1: me nothing. Tell me when it's the link out. Now
- 55:17Speaker 1: you have to link I can buy now. Yeah, the
- 55:20Speaker 1: the oil is not there yet, but this it's Jody
- 55:22Speaker 1: Whitley shop dot com is my online store. Okay, let
- 55:26Speaker 1: me know when the when the all for the for
- 55:28Speaker 1: the beard comes out, because I'm gonna buy. I don't
- 55:30Speaker 1: do that, you see me free still no, no, no,
- 55:32Speaker 1: you you're my people. People take care of each other.
- 55:35Speaker 1: We family. Let me. I'm gonna buy. I'm gonna buy. Sorry,
- 55:37Speaker 1: so I can tell everybody I got all of my faces.
- 55:44Speaker 1: I'm good to come on. Come on, i'nna dancing in
- 55:49Speaker 1: my seats. Come on, that's what I want. Because the
- 55:54Speaker 1: thing about it is that so just as Jody Whiteley
- 55:57Speaker 1: net false last shop. Correct, that's that's that's the show.
- 56:00Speaker 1: Just go to Johnny Whiteley shop dot com. That's the
- 56:03Speaker 1: actual story. Okay, cool, that's that's amazing, that's beautiful. So
- 56:07Speaker 1: so and so, with the number of things we got
- 56:10Speaker 1: coming up, you got some some beard all for people
- 56:13Speaker 1: like me, ru Sean McDonald who's trying to look good.
- 56:15Speaker 1: This one, little Jody on him, Little Jody on the
- 56:18Speaker 1: body missing and life and Candley your wife, and just
- 56:21Speaker 1: you know, something for everybody. And I'm gonna continue adding
- 56:25Speaker 1: products and it's all natural and organic and you know
- 56:29Speaker 1: it makes you feel good, smell good and look good.
- 56:33Speaker 1: Oh my good. You put a little song over there.
- 56:35Speaker 1: But before we go down, you were just I was so,
- 56:37Speaker 1: I wonder what this in the g J Cassidy you
- 56:40Speaker 1: was involved with. He was featuring in the video Believe
- 56:42Speaker 1: with DJ Cassidy. Yeah, I did one of his past
- 56:46Speaker 1: the mic series and um and that was fun. Everybody
- 56:50Speaker 1: loves those, you know, he gets people to sing along
- 56:54Speaker 1: with some of some classics and uh they are fan
- 56:58Speaker 1: favorites and I had a lot of fun doing that
- 57:01Speaker 1: with him. And that's all I was saying, you know,
- 57:03Speaker 1: being being topical, being relevant, stand you know, not limiting
- 57:07Speaker 1: you who you are by staying relevant because of who
- 57:10Speaker 1: you are. That's that's that's bring it back by home.
- 57:13Speaker 1: But again, I always have a great time talking to you.
- 57:16Speaker 1: You know, we gotta talk to you. What I'm not
- 57:18Speaker 1: gonna do is ignore you going down, going up to Nashville.
- 57:22Speaker 1: So we're gonna bring out a little schedule, Sean mc
- 57:24Speaker 1: don't bring you back on in June so we can
- 57:26Speaker 1: celebrate the induction on air. Money making conversation. We're gonna
- 57:31Speaker 1: talk about hopefully about then I'm ana or the online
- 57:33Speaker 1: while you looking at me, the beard all straight out
- 57:36Speaker 1: of the majority, while they shot dot Com shot. We're
- 57:39Speaker 1: gonna do all these things. But you're fantastic, and when
- 57:41Speaker 1: you come back, we gotta have that kitchen war conversation.
- 57:43Speaker 1: You know, cast hysterics, what you can't do. We're talking
- 57:48Speaker 1: a lot off air and my my a PC if
- 57:51Speaker 1: you put some of this stuff on air, please thank you. Well,
- 57:53Speaker 1: I'm sorry. We're gonna bring the castsation next big nextion.
- 57:58Speaker 1: So again, Jody, thank you for coming on wan to
- 58:00Speaker 1: making conversations. Thank you for having me. If I could
- 58:04Speaker 1: be you and you could be me for just one hour,
- 58:07Speaker 1: if you could find a way to get inside each
- 58:10Speaker 1: other's mind, walk a mile in my shoes, Waco mile
- 58:13Speaker 1: in my shoes, shoes. We've all felt left out, and
- 58:18Speaker 1: for some that feeling lasts more than a moment. We
- 58:22Speaker 1: can change that, learn how it belonging begins with us.
- 58:25Speaker 1: Dot org brought to you by the ACT Council. Welcome
- 58:29Speaker 1: mile in the shoes. Look at your children's eyes to
- 58:35Speaker 1: see the true magic of a forest. It's a storybook
- 58:38Speaker 1: world for them. You look and see a tree, They
- 58:41Speaker 1: see the wrinkled face of a wizard with arms outstretched
- 58:45Speaker 1: to the sky. They see treasure and pebbles. They see
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- 59:09Speaker 1: Our imagination, our sense of wonder, and our family bonds
- 59:13Speaker 1: grow too, because when we disconnect from this and connect
- 59:18Speaker 1: with this, we reconnect with each other. The forest is
- 59:23Speaker 1: closer than you think. Find a forest near you and
- 59:26Speaker 1: start exploring. I Discover the Forest dot org brought to
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- 59:33Speaker 1: My next guest is Rebecca Jarvis. She's an Emmy Award
- 59:36Speaker 1: winning journalist. She has ABC News Chief Business, Technology and
- 59:40Speaker 1: Economics correspondence, the hosting creator of The Drop Off, a
- 59:44Speaker 1: top rated podcast the chronicles the rise and falls of
- 59:46Speaker 1: Elizabeth Holmes, and the hosting creative the highly acclaimed No
- 59:49Speaker 1: Limits with Rebecca Jarvis podcast, which features game changing women.
- 59:53Speaker 1: Now as chief Business, Technology and Economics correspondent, True reports
- 59:58Speaker 1: for all ABC News programs, including Good Morning America, World News,
- 1:00:01Speaker 1: Tonight with David Meir, Nightline, and this Week Jaws Stephanopolous.
- 1:00:06Speaker 1: She's on the show to discuss the latest ABC News original.
- 1:00:09Speaker 1: It is an in depth look at the Joe dropping
- 1:00:11Speaker 1: stock market, twisting turns, and the study chain of events.
- 1:00:14Speaker 1: Now synonymous with the name game Stop, please working the
- 1:00:18Speaker 1: money making conversations. Rebecca Jervis, Hey, what an introduction. Thank
- 1:00:23Speaker 1: you for having me. I love what you're doing here.
- 1:00:25Speaker 1: It's fantastic. I love the conversations you're having and helping
- 1:00:29Speaker 1: people really figure out the building blocks of success. So
- 1:00:32Speaker 1: thank you for what you do, and thanks for having me.
- 1:00:34Speaker 1: Well great because you were both storytellers and uh and
- 1:00:38Speaker 1: when I read your stories and like I told before
- 1:00:40Speaker 1: we got over there, I was just saw game Stop.
- 1:00:42Speaker 1: I tried what I try to do my interviews I
- 1:00:44Speaker 1: try to watch what I'm read a book the day before.
- 1:00:48Speaker 1: She just showed the movies the day you know, with
- 1:00:50Speaker 1: there the twenty four hour cycle that with everything is fresh,
- 1:00:52Speaker 1: I'm not writing notes trying to remember something. And but
- 1:00:56Speaker 1: before we get started in and I gave all these
- 1:01:00Speaker 1: but let's learn about your educational background. Can you tell
- 1:01:02Speaker 1: us a little bit about you how you got to
- 1:01:04Speaker 1: start from from an academic standpoint which led you to
- 1:01:07Speaker 1: ABC through CBS. Yes, fantastic, great, I'm glad we start
- 1:01:12Speaker 1: there because it is such an important place to be.
- 1:01:14Speaker 1: And so I grew up in Northeast Minneapolis. I grew
- 1:01:18Speaker 1: up my mom is a journalist, she's a writer UM,
- 1:01:21Speaker 1: and my grandfather was also a journalist. And I always
- 1:01:24Speaker 1: wanted to do that as a career. But they both
- 1:01:26Speaker 1: told me, if you start that as a career, you're
- 1:01:29Speaker 1: going to be graduating from college with a lot of
- 1:01:31Speaker 1: student loan debt and you will not be able to
- 1:01:33Speaker 1: pay it off if you start out as a journalist.
- 1:01:35Speaker 1: So I went to college at the University of Chicago.
- 1:01:39Speaker 1: I always gravitated towards math as a kid. I loved math.
- 1:01:43Speaker 1: I also liked writing UM and I ended up studying
- 1:01:46Speaker 1: economics in college and then immediately pursuing jobs early on
- 1:01:51Speaker 1: out of college and investment banking. And the reason I
- 1:01:54Speaker 1: share that is that for me, I was graduating pretty
- 1:01:58Speaker 1: significantly in student loan debt. I had about thirty dollars
- 1:02:01Speaker 1: in student loan debt at my graduation, and I in
- 1:02:05Speaker 1: part chose investment banking and a career in finance because
- 1:02:09Speaker 1: for me, it was going to be away that I
- 1:02:11Speaker 1: was going to be able to know that I could
- 1:02:14Speaker 1: make my student loan payments. I didn't have a financial
- 1:02:17Speaker 1: safety net, so there wasn't anyone else who's going to
- 1:02:19Speaker 1: be paying those student loan payments upon graduation. And I
- 1:02:23Speaker 1: did that job for about two years until I got
- 1:02:27Speaker 1: to a point where I felt like I could comfortably
- 1:02:30Speaker 1: continue to pay down my loans and pay them off,
- 1:02:32Speaker 1: and then started at that point pursuing journalism jobs. Well,
- 1:02:37Speaker 1: those jobs have led you to all these shows that
- 1:02:40Speaker 1: you now respected and cover. But isn't that a lot
- 1:02:42Speaker 1: of pressure or a lot of a clear understanding that
- 1:02:45Speaker 1: people come to you for the facts and so did
- 1:02:48Speaker 1: you have to do your due diligence and your homework
- 1:02:50Speaker 1: and you have to have relationships? They tell you this
- 1:02:53Speaker 1: is the fact ride with it. I'll run with your story. Yeah,
- 1:02:57Speaker 1: And just like you you know you mentioned at the
- 1:02:58Speaker 1: top of this program, you do your homework, You do
- 1:03:01Speaker 1: your research, and I spend a lot of time digging
- 1:03:04Speaker 1: into the data and the information and looking at numbers.
- 1:03:08Speaker 1: A lot of my work today is spent reading research reports,
- 1:03:12Speaker 1: and especially in the early days of my career starting
- 1:03:15Speaker 1: out in finance. One thing I tell a lot of people,
- 1:03:18Speaker 1: um they asked me what the best way to get
- 1:03:20Speaker 1: into journalism is, and for me, the best way was
- 1:03:24Speaker 1: not necessarily going at it directly. It wasn't starting out
- 1:03:27Speaker 1: and applying to newspaper and TV jobs right away. Instead,
- 1:03:31Speaker 1: it was having that financial background that both lends me
- 1:03:35Speaker 1: credibility today when I have to look at complicated pieces
- 1:03:38Speaker 1: of financial information. And that's certainly something that we did
- 1:03:41Speaker 1: with Game Stop um the documentary you mentioned at the
- 1:03:44Speaker 1: beginning that's now streaming on Hulu that chronicles the rise
- 1:03:47Speaker 1: and fall of the Game Stop stock price and the phenomenon.
- 1:03:50Speaker 1: I mean, to be able to look at the stock market,
- 1:03:53Speaker 1: you really do have to have um or. At least
- 1:03:55Speaker 1: for me, it comes in handy to have a background
- 1:03:57Speaker 1: in it and to really understand it. So starting out
- 1:04:00Speaker 1: in finance, while it wasn't directly walking into a newsroom
- 1:04:03Speaker 1: and starting out maybe as an intern or a junior
- 1:04:07Speaker 1: level reporter, it allowed me in some ways to fast
- 1:04:11Speaker 1: track my career so that when I did start applying
- 1:04:13Speaker 1: for journalism jobs, I was coming into a newsroom with
- 1:04:18Speaker 1: some credibility around this topic that I was going to cover,
- 1:04:22Speaker 1: which ultimately today is now business, technology and the economy.
- 1:04:25Speaker 1: But in the early days of my career was really
- 1:04:28Speaker 1: business based, and I could go to UM editors and
- 1:04:32Speaker 1: this is what I did. I cold called. I was
- 1:04:35Speaker 1: in Chicago at the time, and I called up business
- 1:04:38Speaker 1: editors in Chicago and asked them out for coffee, and
- 1:04:41Speaker 1: I talked to them about their job, asked them how
- 1:04:44Speaker 1: they got to where they got to. And I would
- 1:04:46Speaker 1: go to each of those meetings with some ideas pitches
- 1:04:49Speaker 1: for them, story pitches, and at the end of the meeting,
- 1:04:52Speaker 1: I would always say, I have some ideas that I
- 1:04:55Speaker 1: would really like to share with you UM, I'd be
- 1:04:57Speaker 1: interested in in writing them for you if you ever
- 1:05:00Speaker 1: had an opportunity for that. And I would share the
- 1:05:02Speaker 1: ideas and they were all based on things that I
- 1:05:04Speaker 1: saw in finance. And so if you are somebody who's
- 1:05:08Speaker 1: on a path, especially to journalism, I think nothing beats
- 1:05:12Speaker 1: great story ideas. So if you have a background or
- 1:05:15Speaker 1: you're seeing things, bring those ideas too. And again it
- 1:05:18Speaker 1: can be cool calling. That's how I did it. I
- 1:05:20Speaker 1: didn't know anyone, I didn't have a special leg up.
- 1:05:23Speaker 1: I just contacted them. I went on their websites, I
- 1:05:25Speaker 1: looked for the right person, I reached out. I contacted them.
- 1:05:29Speaker 1: And another thing I would say about my story that
- 1:05:32Speaker 1: I think is really something that I encourage everyone to do.
- 1:05:37Speaker 1: Ask people to coffee without any kind of reservation. I mean,
- 1:05:41Speaker 1: you don't have to have a specific pitch to someone
- 1:05:44Speaker 1: about why you're going to get to know them. You
- 1:05:46Speaker 1: can say, I'm interested in your industry, tell me more
- 1:05:49Speaker 1: about yourself. I want to get to know you. And nowadays,
- 1:05:52Speaker 1: I mean, we can do this over soon. You can
- 1:05:54Speaker 1: do it over social media, you can do it on LinkedIn.
- 1:05:57Speaker 1: All of these different platforms are entry points. And I
- 1:06:00Speaker 1: tell people the most important thing to focus on is
- 1:06:03Speaker 1: not who doesn't return your call, who doesn't return your email,
- 1:06:08Speaker 1: it's the one who does. Because it only takes one
- 1:06:11Speaker 1: to land the job. That is going to bring you
- 1:06:14Speaker 1: to your dream career. Awesome. Let me tell you a
- 1:06:16Speaker 1: little bit about myself so you can so when we
- 1:06:19Speaker 1: start talking, you get a sense of where I'm coming
- 1:06:21Speaker 1: from from in depth, Okay, my degrees in mathematics, my
- 1:06:25Speaker 1: minders and sociology okay, and and so uh economics. I
- 1:06:31Speaker 1: tried that degree plan. I couldn't get through. I couldn't
- 1:06:34Speaker 1: get through. I tried my degree plan and engineering couldn't
- 1:06:36Speaker 1: get through. But math was a natural for me. I
- 1:06:39Speaker 1: got that degree. Cool. Um. I have invested in the
- 1:06:42Speaker 1: stock several different times. One I trusted myself and then
- 1:06:46Speaker 1: I went into the little little funds that's who. And
- 1:06:50Speaker 1: then recently I decided I'm going back to where I
- 1:06:52Speaker 1: used to think I would pick the stocks that I
- 1:06:54Speaker 1: wanted to And I went to my mirleage is where
- 1:06:56Speaker 1: I do my stock and stocking net stock investment in
- 1:07:00Speaker 1: through and I said, this is the stock you want
- 1:07:02Speaker 1: to Well, we're gonna put you in the funds to
- 1:07:05Speaker 1: know I want to do these stocks that I'm going
- 1:07:08Speaker 1: back to what I trust myself and my thought process.
- 1:07:11Speaker 1: So I want to let you know I have some
- 1:07:13Speaker 1: understanding of the stock market. I'm arrogant enough to tell
- 1:07:16Speaker 1: people what I want to invest in, not saying it
- 1:07:18Speaker 1: may be the right, but I'm arrogant enough to say that,
- 1:07:20Speaker 1: and so so when we start talking about game Stop,
- 1:07:23Speaker 1: it's still It helped me a lot to understand what's
- 1:07:27Speaker 1: going on, But I also have some thoughts about Robin
- 1:07:30Speaker 1: Hood that Apple, which which I really uh, you know,
- 1:07:34Speaker 1: it was really interesting, Rebecca. I knew, but I was
- 1:07:36Speaker 1: on the outside of this story until I read I
- 1:07:39Speaker 1: saw your documentary. So it really brought me inside and
- 1:07:42Speaker 1: let me know how this is the stock market really
- 1:07:44Speaker 1: is about everyday people. So we brought you into the
- 1:07:47Speaker 1: story of game Stop. Um well, I first of all,
- 1:07:50Speaker 1: thank you for sharing that background. I love that you
- 1:07:53Speaker 1: have that background that you're interested in, and I think
- 1:07:56Speaker 1: that's kind of where a lot of people are coming from.
- 1:07:58Speaker 1: You know, I covered the financial crisis, the Great Recession
- 1:08:02Speaker 1: of two thousand seven two thousand eight, and what I
- 1:08:05Speaker 1: saw happening in the uh financial crisis were so many
- 1:08:10Speaker 1: people looking at their savings, their retirement savings accounts dwindling
- 1:08:14Speaker 1: because the market was collapsing, and they sold. And had
- 1:08:17Speaker 1: they not sold in that environment, had they held on,
- 1:08:20Speaker 1: they would have made their money back and then some
- 1:08:23Speaker 1: within three years. Those who sold in the financial crisis
- 1:08:26Speaker 1: were the ones who lost the half of their life
- 1:08:30Speaker 1: savings on average. And so to me, I'm always drawn
- 1:08:33Speaker 1: to these various events around the stock market that that
- 1:08:37Speaker 1: captivate and capture everyone's attention because I see a responsibility
- 1:08:42Speaker 1: in my role covering this for ABC News to be
- 1:08:46Speaker 1: someone who can remind people of history. And when I
- 1:08:50Speaker 1: saw game Stop in particular, a single stock that was
- 1:08:55Speaker 1: boosted by hysteria and excitement and this new trend of
- 1:08:59Speaker 1: people really spending more time online because of the pandemic
- 1:09:03Speaker 1: and having this technology in their hand via an app
- 1:09:06Speaker 1: called robin Hood, such that they could trade seven um,
- 1:09:11Speaker 1: it reminded me of the importance both of the role
- 1:09:14Speaker 1: to make sure that people were getting good information, solid information,
- 1:09:19Speaker 1: and then also to really want to help people understand
- 1:09:23Speaker 1: the difference between, for example, putting money into an individual
- 1:09:27Speaker 1: company like game Stop versus putting money into a four
- 1:09:30Speaker 1: oh one K or an i RA which is investing
- 1:09:32Speaker 1: its saving for the long term. Game Stop is more
- 1:09:34Speaker 1: the equivalent, and it's not just game Stop. Anytime you
- 1:09:37Speaker 1: put money into a single stock, it is the equivalent
- 1:09:41Speaker 1: of betting. It's the equivalent of gambling and walking into
- 1:09:44Speaker 1: a casino because if you're thinking of it in a
- 1:09:46Speaker 1: short term thing, a single stock can go up or
- 1:09:49Speaker 1: go down. You can lose money, you can make money
- 1:09:51Speaker 1: on a single stock. If you think about the stock
- 1:09:54Speaker 1: market as a whole, the collective stock market over time
- 1:09:58Speaker 1: historically goes up about seven person now one year out
- 1:10:01Speaker 1: of out of thirty. It might go down, it might
- 1:10:03Speaker 1: go up, but over time, if you invest for the
- 1:10:06Speaker 1: long haul, that's the most tried and true form of
- 1:10:10Speaker 1: saving because over time the market does go up, but
- 1:10:14Speaker 1: you have to be in it for the long haul
- 1:10:16Speaker 1: to capitalize on that. Whereas with a company like game Stop,
- 1:10:19Speaker 1: you never know and just the hysteria. I mean, let
- 1:10:25Speaker 1: me ask you this because I want to meet sure,
- 1:10:26Speaker 1: I'm on the same page with you about robin Hood. Now,
- 1:10:29Speaker 1: I saw robin hood as an app, okay, an app
- 1:10:32Speaker 1: that you can go and buy stock on right. I
- 1:10:36Speaker 1: mean you could buy Intail, you could buy Apple, you
- 1:10:40Speaker 1: can buy game Stop. In this situation, am I correct?
- 1:10:43Speaker 1: What was stealing? It's like okay, cool, okay cool. Now
- 1:10:45Speaker 1: that the problem we had with robin Hood was that, well,
- 1:10:49Speaker 1: as you go through the story Game Stop was everybody
- 1:10:53Speaker 1: was buying Game Stop through the app, and they didn't
- 1:10:57Speaker 1: have the funds to cover to buy yes. So so
- 1:11:02Speaker 1: all of these brokerage is whether it's robin Hood or
- 1:11:06Speaker 1: Charles Schwab or any other brokerage, when you use the
- 1:11:11Speaker 1: app on your phone, they have to have enough collateral
- 1:11:15Speaker 1: to make sure that they can cover any trade that
- 1:11:19Speaker 1: you make on your phone. And there's an outside agency
- 1:11:23Speaker 1: that oversees all of this that make sure that Robin
- 1:11:27Speaker 1: Hood and Charles Schwab and all the other brokerages are
- 1:11:31Speaker 1: safe essentially to do and conduct business in the way
- 1:11:34Speaker 1: that they're conducting it. Well, what happened is Game Stop,
- 1:11:37Speaker 1: so many people were buying game stuff, and many of
- 1:11:40Speaker 1: them were using the robin Hood app to do it,
- 1:11:41Speaker 1: but they were using all different kinds of apps as well.
- 1:11:44Speaker 1: So many people were buying game stuff that it just
- 1:11:47Speaker 1: became explosive. It was larger than life, and that added
- 1:11:51Speaker 1: new risks to the system. And as a result of
- 1:11:54Speaker 1: those new risks, um robin Hood as well as a
- 1:11:57Speaker 1: number of other brokerages got this collateral hall which said
- 1:12:00Speaker 1: you have to put up way more money than you
- 1:12:02Speaker 1: have ever put up before in order to back these trades,
- 1:12:06Speaker 1: and as a result, Robin Hood says, it made this
- 1:12:09Speaker 1: decision to restrict buying of game stock, and they did
- 1:12:14Speaker 1: this on January. And after they did this, you saw
- 1:12:18Speaker 1: the stock of game Stop plummet. It was like it
- 1:12:21Speaker 1: was going like this and then it went like that.
- 1:12:23Speaker 1: Absolutely because there's a couple of people on this uh
- 1:12:26Speaker 1: doing this special, like Jim Kramer. Okay, yes, okay, see
- 1:12:30Speaker 1: there's a there's another guy that's it's kind of like
- 1:12:34Speaker 1: he's the he's kind of like the the funny man
- 1:12:38Speaker 1: version of Jim Kramer who got everybody hyped up. He
- 1:12:41Speaker 1: wears yeah, that's the funny hats and everything. But I
- 1:12:44Speaker 1: begged the different. I mean to see, I go way
- 1:12:46Speaker 1: back to I want to say I was writing knowing
- 1:12:49Speaker 1: me and the boys, but by eight five, between two thousand,
- 1:12:53Speaker 1: Jim Kramer was coming out of the box kind of
- 1:12:55Speaker 1: like this guy hyping stuff. That's when television, I mean,
- 1:12:59Speaker 1: I was said, there Rebecca making decisions on BAM, making
- 1:13:03Speaker 1: decisions on office depot, making decisions on kmart stock based
- 1:13:07Speaker 1: on what Jim was saying. So I thought it was
- 1:13:10Speaker 1: kind of like ironic. Listen to him being an interviewed
- 1:13:14Speaker 1: and you did the same thing that this guy was doing,
- 1:13:16Speaker 1: so much so that John Stewart called you out for
- 1:13:21Speaker 1: giving over hyped information on your show and he had
- 1:13:24Speaker 1: to come on John Stewart Show to say, oh, yeah,
- 1:13:27Speaker 1: you know, I apologize, so to speak. And so so
- 1:13:30Speaker 1: when he was to be an interview I was like, Okay,
- 1:13:32Speaker 1: Jim Cramer, really you're gonna sit up here and act
- 1:13:35Speaker 1: like you weren't that version of this guy because we
- 1:13:38Speaker 1: as as as fans of trying to get information. That's
- 1:13:42Speaker 1: why I love this show, because I'm going, like, I've
- 1:13:44Speaker 1: been on this journey, Rebecca, I've been a game stop participant,
- 1:13:48Speaker 1: just at a different time period because it happens all
- 1:13:50Speaker 1: the time. Because we it might not be as drastic
- 1:13:53Speaker 1: as this, Rebecca, but we still are led by a lead.
- 1:13:58Speaker 1: All we wanted to lead. And when we look at
- 1:14:00Speaker 1: these people and they give us information that maybe right
- 1:14:03Speaker 1: or wrong, they do their little dentification. Don't don't follow me,
- 1:14:08Speaker 1: I'm not an expert. Don't leave in but but bye,
- 1:14:11Speaker 1: but bye. And so so, when you brought Jim Kramer,
- 1:14:14Speaker 1: and what was the purpose of bringing him in, because
- 1:14:16Speaker 1: like I saw him as a different role because I
- 1:14:18Speaker 1: had a different experience with him, because he was a
- 1:14:20Speaker 1: younger version. He was an older version of what I
- 1:14:23Speaker 1: was seeing now being exposed in this documentary. Sure, So okay,
- 1:14:27Speaker 1: so I misspoke. I wasn't sure who you were talking about,
- 1:14:31Speaker 1: and I thought you were talking about someone else. You
- 1:14:32Speaker 1: were talking about Roaring Kitty. So just some backgrounds. So
- 1:14:36Speaker 1: there's a person. His name is Keith gil but he
- 1:14:38Speaker 1: also has the YouTube name Roaring Kitty um, and he
- 1:14:41Speaker 1: has a Reddit name that I can't say here because
- 1:14:44Speaker 1: we would both get in trouble for my language. Um.
- 1:14:47Speaker 1: But he is one of the first people who spotted
- 1:14:50Speaker 1: game stuff. Was treating only a few dollars of share.
- 1:14:54Speaker 1: He thought it was something that had value. He talked
- 1:14:56Speaker 1: about it all over social media. A lot of people
- 1:14:59Speaker 1: started to follow of what he was saying and they
- 1:15:01Speaker 1: started pouring money in. And when he first started talking
- 1:15:05Speaker 1: about game Stop, it was about four dollars a share.
- 1:15:08Speaker 1: Six months later it got up to three fifty dollars
- 1:15:10Speaker 1: a share, And there was a lot of conversation on
- 1:15:13Speaker 1: Reddit and other places on social media about the importance
- 1:15:18Speaker 1: of putting money into game Stop and this idea that
- 1:15:20Speaker 1: if all the sort of little guys decided to act
- 1:15:24Speaker 1: collectively together that they could really drive up the price
- 1:15:28Speaker 1: of game stop um. Full disclosure. I started my career
- 1:15:32Speaker 1: at CNBC in television and in business television. I have
- 1:15:36Speaker 1: a lot of great friends there. Jim Kramer is one
- 1:15:39Speaker 1: of them. But the reason that I wanted Jim Kramer
- 1:15:42Speaker 1: to be a part of our conversation for for this
- 1:15:45Speaker 1: story is because he has a front row seat. The
- 1:15:47Speaker 1: people who watch Mad Money on a regular basis are
- 1:15:51Speaker 1: many of the people who are investing in individual stocks.
- 1:15:55Speaker 1: They're looking for that leg up, They're looking for that information,
- 1:15:59Speaker 1: and I think it's really important to keep in mind,
- 1:16:01Speaker 1: and I think this story is is illustrative of that.
- 1:16:05Speaker 1: Is you know, there's two sides to every position in
- 1:16:09Speaker 1: the market. There has to be a buyer or if
- 1:16:11Speaker 1: there has to be a seller in order for there
- 1:16:13Speaker 1: to be a buyer. And I think that's what's so important,
- 1:16:15Speaker 1: is to at least know what you're walking into. So
- 1:16:19Speaker 1: if you're gonna put money into something and it's an
- 1:16:21Speaker 1: individual stock, you have to be okay with the possibility
- 1:16:27Speaker 1: that you could lose money. Now, maybe all the statistics,
- 1:16:30Speaker 1: all the data that you're reading is telling you, you
- 1:16:33Speaker 1: know what, there's more upside than there's downside. Obviously you
- 1:16:36Speaker 1: you probably have to think that way in order to
- 1:16:38Speaker 1: put money in, but the reality is there can always
- 1:16:41Speaker 1: be downside. And when you use leverage, which is what
- 1:16:45Speaker 1: a lot of people are now doing, it's always been
- 1:16:48Speaker 1: the thing that hedge funds and the sort of big
- 1:16:51Speaker 1: money on Wall Street is always using debt. It's called
- 1:16:54Speaker 1: leverage to bolster their trades. So if I believe really
- 1:16:59Speaker 1: heavily in something, I can borrow. If I'm a hedge fund,
- 1:17:02Speaker 1: I can borrow from a bank more money to put
- 1:17:05Speaker 1: into that individual stock, and that can help me make
- 1:17:08Speaker 1: money if the stock goes up, But of course I
- 1:17:11Speaker 1: lose even more money if the stock goes down. And
- 1:17:14Speaker 1: what's really important to keep in mind here is if
- 1:17:16Speaker 1: you're an individual investor and you're using an app, then yes,
- 1:17:20Speaker 1: you some of these new apps like robin Hood will
- 1:17:23Speaker 1: give you if you meet certain criteria, they will give
- 1:17:26Speaker 1: you access to that leverage. But it's so important to
- 1:17:29Speaker 1: remember that if you're using that leverage and the stock
- 1:17:33Speaker 1: goes down, you've not only lost the money that you
- 1:17:36Speaker 1: put in, but you're actually out even more money because
- 1:17:39Speaker 1: you're using debt to pay for your position. Well, um,
- 1:17:45Speaker 1: First of all, again, like I said at the early
- 1:17:47Speaker 1: part of our interview, fantastic special kept me in And
- 1:17:51Speaker 1: this is why I was fantastic, because you brought in
- 1:17:54Speaker 1: individuals that you can share their little storyline arts about.
- 1:17:57Speaker 1: You know, the young African American born who I did love,
- 1:18:00Speaker 1: the death, the anonymous investing with it, with the dog.
- 1:18:03Speaker 1: You know the dog. We can see the dog, but
- 1:18:05Speaker 1: we couldn't see him, Okay, so we gotta figure out
- 1:18:07Speaker 1: we know who you are, okay. And then then you
- 1:18:10Speaker 1: had the the the guy with the with the family,
- 1:18:12Speaker 1: and then the the young lady who had the Hispanic guy,
- 1:18:16Speaker 1: and then uh with the new new child, and then
- 1:18:18Speaker 1: you and then you have the uh young lady with
- 1:18:21Speaker 1: the grandma with the mom who's telling them to invest
- 1:18:24Speaker 1: to you know, why did you choose these? First of all,
- 1:18:27Speaker 1: they're perfect perfect By the way, I'm just asking you
- 1:18:30Speaker 1: from a from a producers storytelling standpoint. They work fantastic.
- 1:18:35Speaker 1: Why did you choose them to make such a great
- 1:18:37Speaker 1: ABC News original? Thank you? Um, First, I really do
- 1:18:41Speaker 1: appreciate your your interest in the conversation and the and
- 1:18:45Speaker 1: the documentary. So We spent a lot of time looking
- 1:18:50Speaker 1: at the reddit boards, so again just a little bit
- 1:18:53Speaker 1: of background for people. A lot of these individual investors
- 1:18:56Speaker 1: who drove up the price of game Stop, We're spending
- 1:19:00Speaker 1: time on on Reddit having conversations. Now a lot of
- 1:19:04Speaker 1: people you don't have to use your real name on Reddit,
- 1:19:06Speaker 1: so it was a lot of trial and error. People
- 1:19:08Speaker 1: at blah blah, whatever their name is on Reddit. We
- 1:19:12Speaker 1: would reach out and say, Hey, I'm with ABC News,
- 1:19:16Speaker 1: I'm working on this documentary. Do you have any interest
- 1:19:18Speaker 1: in participating. I'd love to get to know more of
- 1:19:20Speaker 1: your story. So of the people that you saw on camera,
- 1:19:24Speaker 1: probably about ten people who had to do with, you know,
- 1:19:28Speaker 1: did training of game stuff. We spoke to truly dozens more.
- 1:19:33Speaker 1: Um and I just was on the phone constantly over
- 1:19:36Speaker 1: that time and over email, constantly reaching out to people.
- 1:19:39Speaker 1: And what was really important to me is that our
- 1:19:41Speaker 1: audience got a true representation of the type of people
- 1:19:46Speaker 1: and hear the back stories of all the different people
- 1:19:49Speaker 1: who invested in game stuff. And that's really you know,
- 1:19:53Speaker 1: one of the things again that attracted me to this
- 1:19:55Speaker 1: was how widespread it was. It wasn't just one particular
- 1:19:59Speaker 1: group of people. People from all different walks of life
- 1:20:02Speaker 1: got interested. And I'm so glad that Jayden Carr, the
- 1:20:06Speaker 1: ten year old from San Antonio, struck you. We found
- 1:20:09Speaker 1: Jaden because he invested in game Stop thanks to his mom.
- 1:20:13Speaker 1: His mom wanted to teach him about investing in stock,
- 1:20:16Speaker 1: and so for his birthday or rather, excuse me for
- 1:20:19Speaker 1: kwanza Um, she purchased a few shares of game Stop
- 1:20:23Speaker 1: for him so that he could see what it meant
- 1:20:25Speaker 1: to invest in the market. And she didn't do it
- 1:20:27Speaker 1: in the midst of hysteria and when everyone was talking
- 1:20:30Speaker 1: about game Stop. She did it because he liked game
- 1:20:33Speaker 1: stock and he shops at game Stop, and there's this
- 1:20:36Speaker 1: old saying invest in what you know, and that was
- 1:20:39Speaker 1: part of what made her think about game stuff for him,
- 1:20:42Speaker 1: because he loves going to game stuff. So teach him
- 1:20:45Speaker 1: about investing through something that he loves. And I think
- 1:20:48Speaker 1: that's really as a parent, Um, I'm a parent myself.
- 1:20:51Speaker 1: My daughter is not quite old enough to be an
- 1:20:53Speaker 1: investor yet she's too I don't know that she would
- 1:20:56Speaker 1: understand it if I tried to teach you right now,
- 1:20:58Speaker 1: but I love that. I think that's really a great
- 1:21:00Speaker 1: way to teach your children about investing, starting with something
- 1:21:03Speaker 1: they know and understand absolutely. The thing about the event
- 1:21:09Speaker 1: is that I can you know, it's just like there's
- 1:21:12Speaker 1: golden them their heels, you know, people ran for the gold.
- 1:21:15Speaker 1: They feel like a gold rush. It felt so like
- 1:21:18Speaker 1: different times in life. We see this the golden them
- 1:21:21Speaker 1: their heels. People rushed to the California and and and
- 1:21:24Speaker 1: they've risched their lives by going through dangerous Indian territory.
- 1:21:27Speaker 1: So they might not risk money, but they risk their
- 1:21:29Speaker 1: lives to try to seek that fortune. So that was
- 1:21:32Speaker 1: the kind of like a period there and then and
- 1:21:34Speaker 1: then when you see in like in the eighties and
- 1:21:36Speaker 1: naming for the big bubble bursts in two thousand and seven,
- 1:21:38Speaker 1: I was kind of there, you know, because that's when
- 1:21:40Speaker 1: television like the c NBCs came out and started showing
- 1:21:44Speaker 1: you people talk about stock and talking about how you
- 1:21:47Speaker 1: can advance in different ways. And that's when I got
- 1:21:49Speaker 1: introduced as an African American to that. I remember and
- 1:21:52Speaker 1: Steve Harvey used to always act like we were stock experts.
- 1:21:54Speaker 1: We said around talking, well, we traded over, we traded
- 1:21:57Speaker 1: didn't know nothing, you know, even though we were we
- 1:22:00Speaker 1: were we were one. I feel that this show, in
- 1:22:03Speaker 1: your documentary or your news original special tales about we
- 1:22:07Speaker 1: were just everyday people. We gathered enough information to buy
- 1:22:11Speaker 1: certain things based on a hunch and the belief that
- 1:22:13Speaker 1: this will return on our investment. And that's what this showed.
- 1:22:17Speaker 1: If some people lost every day people, some people got
- 1:22:20Speaker 1: out early everyday people, and some people still hung in there.
- 1:22:23Speaker 1: And I thought that was really the kind of like
- 1:22:26Speaker 1: in results of your documentary, is that it was a
- 1:22:29Speaker 1: special about individuals who make their own decisions. They all
- 1:22:32Speaker 1: got in for different reasons, Rebecca, they all got excited
- 1:22:36Speaker 1: for different reasons. In the end, when they came down
- 1:22:39Speaker 1: to either stay pull the plug, they all did it
- 1:22:42Speaker 1: for different reasons. That really had to be a strong
- 1:22:45Speaker 1: emotional end to well well documented special. M I'm glad
- 1:22:51Speaker 1: you thought that, and you know, to your point earlier,
- 1:22:54Speaker 1: it's such a good point. We see these things happening
- 1:22:57Speaker 1: over and over again. When when the game stop story
- 1:23:00Speaker 1: he first really took took on a life of its own.
- 1:23:02Speaker 1: In in sort of mid to late January, I was
- 1:23:06Speaker 1: remembering the times during the dot com bubble in two
- 1:23:12Speaker 1: thousand one, when all these tech companies were coming out
- 1:23:15Speaker 1: and even though some of the technology didn't exist that
- 1:23:18Speaker 1: exists today. For example, robin Hood the app didn't exist
- 1:23:21Speaker 1: back then. There were the early days of internet chat rooms.
- 1:23:25Speaker 1: There were the early days of people hyping, pumping, and
- 1:23:28Speaker 1: dumping individual stocks. So as much as things change because
- 1:23:32Speaker 1: the technology might be new or the modes of communication
- 1:23:36Speaker 1: might be evolved, this is something that does repeat itself
- 1:23:40Speaker 1: time and time again throughout history. You know. Interesting that
- 1:23:44Speaker 1: the robin Hood, you know, had the great name rob
- 1:23:46Speaker 1: from the rich geared to the poor. So that's why
- 1:23:48Speaker 1: it was really a good media app and to really
- 1:23:51Speaker 1: become the center of the conversation. But when I but
- 1:23:54Speaker 1: they just they changed the rules right in midstream, you know,
- 1:23:57Speaker 1: And and companies do that all the time. It's like,
- 1:23:59Speaker 1: for since you noticed when these uh gift cards, the
- 1:24:03Speaker 1: gift cards used to be you could keep them forever,
- 1:24:05Speaker 1: and then all of a sudden they came and change rules.
- 1:24:06Speaker 1: So you know something, if you don't spend that gift
- 1:24:09Speaker 1: card in a year, it's not going to be any
- 1:24:11Speaker 1: good anymore. Because they came back to what what burdened
- 1:24:14Speaker 1: down or came to be the collapse of what robin
- 1:24:17Speaker 1: Hood had to do on that date and stop buying.
- 1:24:20Speaker 1: Is that if you don't have the money, if you
- 1:24:22Speaker 1: have all these gift cards out there, you've got to
- 1:24:24Speaker 1: have capital to cover if one day somebody's decided to
- 1:24:27Speaker 1: show up and buy that gift and use that gift card.
- 1:24:30Speaker 1: And so they decided to change the rules, all of them,
- 1:24:33Speaker 1: change the rules, the saying that we're gonna limit the
- 1:24:35Speaker 1: amount of time you have to buy this card, otherwise
- 1:24:37Speaker 1: it's gonna become invalid. And so that's what really wore
- 1:24:40Speaker 1: down the whole principle of robin Hood. They didn't think
- 1:24:43Speaker 1: about how big they could get and if they got
- 1:24:46Speaker 1: that big, what's our answer. The answer would just say
- 1:24:49Speaker 1: stop buying, right, And they really became the poster child
- 1:24:53Speaker 1: too for all of the anger and outrage, even though
- 1:24:56Speaker 1: other brokerages made the same choice, it was because of
- 1:25:00Speaker 1: that name, robin Hood, and the promise that they had
- 1:25:03Speaker 1: made to democratize trading. And if you're saying you're going
- 1:25:06Speaker 1: to democratize trading, but at the same time that, for example,
- 1:25:10Speaker 1: a large hedge fund can do something different because they
- 1:25:13Speaker 1: don't rely on your app and your customer can't do
- 1:25:16Speaker 1: that thing anymore, it does create a lot of problems,
- 1:25:19Speaker 1: and now they're in this stage of rebuilding that trust.
- 1:25:23Speaker 1: They still have millions of users, and in fact, their
- 1:25:26Speaker 1: user base UM based on the data that we've seen
- 1:25:29Speaker 1: at ABC News, has grown throughout this whole thing. And
- 1:25:32Speaker 1: what's really interesting to me is if you look at
- 1:25:35Speaker 1: what's happened both to online trading as well as even
- 1:25:39Speaker 1: game Stop as a name, all the attention that this
- 1:25:42Speaker 1: story brought good and bad, very likely will ultimately result
- 1:25:47Speaker 1: in good things for all of these companies. Game Stop
- 1:25:49Speaker 1: was a company at the early days of this year
- 1:25:52Speaker 1: that many people had largely written off. It was a
- 1:25:55Speaker 1: company that had been closing stores that a lot of
- 1:25:59Speaker 1: really you know, smart people assumed was just going to
- 1:26:03Speaker 1: go out of business. This gave it a new life
- 1:26:05Speaker 1: and now they're in the process of hiring new people.
- 1:26:08Speaker 1: They're in the process of reimagining what the brand will
- 1:26:11Speaker 1: be in rebuilding, and very likely, if we go back
- 1:26:15Speaker 1: in history five years from now, people will say this
- 1:26:18Speaker 1: moment and all everything that this moment brought helped game
- 1:26:21Speaker 1: Stop have a second life. UM And I think the
- 1:26:25Speaker 1: pandemic people being at home looking for things that I
- 1:26:27Speaker 1: talked to a couple of guys who told me that
- 1:26:30Speaker 1: investing in game stuff was like their trip to Las
- 1:26:32Speaker 1: Vegas when they were stuck not able to leave the house.
- 1:26:36Speaker 1: Wow again, UH an amazing special on the Hulu. It's
- 1:26:40Speaker 1: an ABC News original. It's UH hosted by and presented
- 1:26:45Speaker 1: by Rebecca Jovis. You're amazing. I'm a big fan of yours.
- 1:26:49Speaker 1: I definitely want to bring you back on the show
- 1:26:50Speaker 1: to talk about no Limits were rebect on your podcast.
- 1:26:52Speaker 1: It features game changing women because I have six sisters,
- 1:26:55Speaker 1: so I always try to promote and have a single daughter,
- 1:26:57Speaker 1: so I always try to promote women and put them
- 1:26:59Speaker 1: out there. And also Elizabeth Homes, we got to talk
- 1:27:02Speaker 1: about her. Her story is amazing, amazing. But again, I
- 1:27:06Speaker 1: wanted to bring you on this talk about this game
- 1:27:08Speaker 1: stop because first of all, I finally got educated on
- 1:27:11Speaker 1: it because of your amazing specialists on Hulu. Check it
- 1:27:14Speaker 1: out right now in streams twenty four hours a day.
- 1:27:16Speaker 1: It's amazing. Rebecca, thank you for coming on Money Making Conversations. Sean,
- 1:27:19Speaker 1: Thank you so much. I really appreciate your interest in
- 1:27:22Speaker 1: the great conversation. I'll come back any time. This was fun.
- 1:27:25Speaker 1: Thank you. We will be right back with more money
- 1:27:28Speaker 1: Making conversations with your host Rashwan McDonald. Look at your
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- 1:29:01Speaker 1: the AD Council. Hi. I am Rashan McDonald to host
- 1:29:04Speaker 1: of Money Making Conversations dot com. The Cafe Marca Swag
- 1:29:07Speaker 1: Award is a celebration of black men who are making
- 1:29:09Speaker 1: a difference in our community by empowering others to reach
- 1:29:12Speaker 1: their life goals. Fromcifically, there's businessmen, activists, celebrities and everyday Dad's.
- 1:29:17Speaker 1: The Cafe Marka Swag Award winned this week is James Brunner.
- 1:29:21Speaker 1: James is the senior vice president of Trade show Operations,
- 1:29:24Speaker 1: director of Technology, and part owner of the multimillion dollar
- 1:29:27Speaker 1: family owned corporation Brunner Brothers, Inc. The annual Brunner Brothers
- 1:29:31Speaker 1: Beauty Show is build as the nation's largest trade show
- 1:29:33Speaker 1: for multicultural beauty professionals and students. Their role in the
- 1:29:36Speaker 1: community was elevated when the brother Brothers stepped up for
- 1:29:39Speaker 1: the beauty and barber industry during the COVID nineteen crisis.
- 1:29:42Speaker 1: We started our Beauty and Barber release find so we
- 1:29:46Speaker 1: had a lot of people to apply that would give
- 1:29:48Speaker 1: them five hundred to a thousand dollars of extra stimulus.
- 1:29:51Speaker 1: We also began to try to help them. Source of
- 1:29:54Speaker 1: this PTE material, The Cafe Marca Swag Award represents men
- 1:29:58Speaker 1: who have strength, who's with is assertive, and who is
- 1:30:01Speaker 1: genuine in their spirit. Welcome back to Money Making Conversations
- 1:30:05Speaker 1: with your host, Rashaan McDonald. My next guest is Jennifer Barrett.
- 1:30:09Speaker 1: She's the Chief education Officer at Acorns, a financial wellness
- 1:30:13Speaker 1: app with more than nine point five million users. She's
- 1:30:16Speaker 1: a contributor for Forbes, and she has also written about
- 1:30:19Speaker 1: money for publications such as The New York Times, to
- 1:30:21Speaker 1: Washington Post, Worth Money and News with where she was
- 1:30:25Speaker 1: a staff writer and editor. She's on the show to
- 1:30:28Speaker 1: talk about her new book, Think Like a bread Winner,
- 1:30:31Speaker 1: Think Like a bread Winner. Of the book everyone can
- 1:30:33Speaker 1: learn from I did, and but it's geared towards women because,
- 1:30:37Speaker 1: according to Jennifer, women that have been culturally conditioned not
- 1:30:40Speaker 1: to think like bread winners. This book truly is about
- 1:30:43Speaker 1: being financially independent. Please working to money making conversation. I'm
- 1:30:46Speaker 1: gonna call a good friend because before this interview, we're
- 1:30:49Speaker 1: just talking and talking. They're talking, Jennifer Barrett. How you doing, Jennifer,
- 1:30:53Speaker 1: I'm doing great. Thanks so much for having me. I was,
- 1:30:55Speaker 1: you know, Jennifer. Uh, we were just talking and talking,
- 1:30:58Speaker 1: and I just feel really a certain kinship for you.
- 1:31:01Speaker 1: Is that just a natural party of personality that people
- 1:31:03Speaker 1: just really uh gravitate to you. I don't know that's
- 1:31:08Speaker 1: I don't know one's ever asked me that, but thank
- 1:31:11Speaker 1: you for that. I do, you know, as a journalist
- 1:31:13Speaker 1: for many years, and um, so I think I'm used
- 1:31:16Speaker 1: to I like to make people comfortable. Well, I really
- 1:31:20Speaker 1: am genuinely interested in everyone I meet, So I think
- 1:31:22Speaker 1: that that probably comes across and meet me. Well you
- 1:31:25Speaker 1: you you definitely are making me comfortable. I read your
- 1:31:27Speaker 1: book and usually just how I do that. I read
- 1:31:30Speaker 1: the book always the day of the interview. That's where
- 1:31:32Speaker 1: the courtions stay very fresh, very topical. I don't feel
- 1:31:35Speaker 1: like I'm reaching for any information. Plus, I also zero
- 1:31:39Speaker 1: in and what really attracts me to the book. But
- 1:31:41Speaker 1: before we get into the book, I've read your title
- 1:31:43Speaker 1: chief Education Officer at a corn nine point five million users.
- 1:31:48Speaker 1: Please explain to us what exactly is a COHNS and
- 1:31:52Speaker 1: what exactly is your role as a chief education officer.
- 1:31:56Speaker 1: Sure well, I joined a little over five years ago,
- 1:31:59Speaker 1: almost five and off actually now. And one of the
- 1:32:02Speaker 1: things that drew me to the company as I had
- 1:32:04Speaker 1: been in financial journalists journalism for years before they and
- 1:32:08Speaker 1: I sort of felt like we had been writing the
- 1:32:11Speaker 1: same headline so often about how little people save and
- 1:32:14Speaker 1: how they're not prepared to cover unexpected expenses. And then
- 1:32:17Speaker 1: we're on the brink of this retirement crisis, and I
- 1:32:19Speaker 1: was beginning to wonder if getting information out alone was
- 1:32:23Speaker 1: enough inspiration information, if that was really enough to change
- 1:32:26Speaker 1: people's behaviors. Um and then I my team, actually I
- 1:32:30Speaker 1: was a personal finance editor at CNBC, and my team
- 1:32:33Speaker 1: had written a lot about these new fintech apps and
- 1:32:36Speaker 1: one of the things that really attracted me to Acorns
- 1:32:38Speaker 1: was that it was such a simple but brilliant solution
- 1:32:42Speaker 1: to a real barrier for so many Americans when it
- 1:32:45Speaker 1: comes to investing. And that was the feature where we
- 1:32:48Speaker 1: round up your purchases and literally investor spare change. And
- 1:32:52Speaker 1: I think what that does immediately is it removes so
- 1:32:55Speaker 1: much of the fear that we have around investing, so
- 1:32:58Speaker 1: much of these beliefs we had that you have to
- 1:33:00Speaker 1: have a lot of money in order to invest all
- 1:33:02Speaker 1: of these things, um and so that's really what drew
- 1:33:05Speaker 1: me to the company. And then I joined in a
- 1:33:07Speaker 1: senior VP role, our VP role and senior VP and
- 1:33:10Speaker 1: then was promoted into the Chief Education Officer role. And
- 1:33:14Speaker 1: that essentially means I spend most of my time thinking
- 1:33:17Speaker 1: about how to promote financial literacy and to better educate
- 1:33:21Speaker 1: not only our users and we have around five million
- 1:33:24Speaker 1: now as you mentioned, but also everyone you know, really
- 1:33:28Speaker 1: thinking about how we can promote financial literacy in this
- 1:33:31Speaker 1: country and just close that gap, close the wealth gap,
- 1:33:34Speaker 1: closed the financial literacy gap, so that everyone has the
- 1:33:37Speaker 1: opportunity to live the life that they want. Well, we
- 1:33:39Speaker 1: came off a really strange year in people standing in
- 1:33:43Speaker 1: line for food and unemployment and a record rate, had
- 1:33:46Speaker 1: this country shut down for two months, and then we
- 1:33:49Speaker 1: had the highest increase of billionaires in the world and
- 1:33:54Speaker 1: stock market set records during this summer um nash that
- 1:33:58Speaker 1: crossed over a number and it never crawled over into history.
- 1:34:01Speaker 1: Now being U the chief education offers at acorns and
- 1:34:04Speaker 1: financial fintan app fintech app, explain it to me, please, hey,
- 1:34:09Speaker 1: my listeners and viewers, please. I mean, the simplest way
- 1:34:13Speaker 1: to look at it is that the shareholder class got
- 1:34:15Speaker 1: richer and the working class did not. For the most parts.
- 1:34:20Speaker 1: UM So, people who were more dependent on a paycheck
- 1:34:23Speaker 1: struggle more, and people who were more dependent on their investments,
- 1:34:27Speaker 1: particularly in the stock market UM did quite well because,
- 1:34:30Speaker 1: as you mentioned, the stock market has hit record highs UM. Surprisingly.
- 1:34:35Speaker 1: I'm lest really given that we were in a recession
- 1:34:37Speaker 1: last year and in a global pandemic. UM. But that's
- 1:34:40Speaker 1: really the simplest way to look at it, and I
- 1:34:42Speaker 1: think one of the I mean, there are so so
- 1:34:44Speaker 1: much that we can learn from this pandemic. But one
- 1:34:46Speaker 1: of the big lessons there is just the importance of
- 1:34:49Speaker 1: getting in the game, you know, UM, and not depending
- 1:34:53Speaker 1: solely on a paycheck, but really starting to use those
- 1:34:56Speaker 1: paychecks to build wealth, even if it's five ten, five
- 1:35:00Speaker 1: in twenty, you know, fifty dollars a month. Really getting
- 1:35:03Speaker 1: in the habit of taking some money and starting to
- 1:35:05Speaker 1: build that wealth so that you're less dependent on paychecks,
- 1:35:08Speaker 1: and then of course making sure that you're saving some money,
- 1:35:11Speaker 1: you know, especially during good times, because I think what
- 1:35:14Speaker 1: happens in this country is that if you look at
- 1:35:16Speaker 1: the savings rates, when things are good, the savings rate
- 1:35:19Speaker 1: goes down. And it's almost as if we think, like
- 1:35:21Speaker 1: the good days will just keep happening. But that is
- 1:35:23Speaker 1: exactly the time when you want to be putting more
- 1:35:26Speaker 1: money into savings and investing because you know, maybe not
- 1:35:29Speaker 1: a pandemic. I hope we never have to deal with
- 1:35:31Speaker 1: that again, but you know, recessions happen. You know, there
- 1:35:34Speaker 1: are the economy goes in cycles, and so during the
- 1:35:37Speaker 1: good times you want to be preparing yourself so that
- 1:35:39Speaker 1: you can weather the bad times too. And I think
- 1:35:42Speaker 1: that was a big lesson of this pandemic too. Well
- 1:35:44Speaker 1: you think about it, I'm doing a kind of a
- 1:35:47Speaker 1: little interesting way of getting into your book, because that's
- 1:35:49Speaker 1: what your book is about. If you're if you're running,
- 1:35:51Speaker 1: if you if you're your ears are bleeding talking about
- 1:35:54Speaker 1: the stock market, your ears are bleeding talking about career
- 1:35:57Speaker 1: options and and that diversifying your opportunity to be successful.
- 1:36:01Speaker 1: Then that's what this book is all about. This is
- 1:36:03Speaker 1: because about stepping out of your comfort zone into a
- 1:36:06Speaker 1: zone that could create basically financial independence. And it's recently
- 1:36:11Speaker 1: I was, I finally sat down and you know, I've
- 1:36:13Speaker 1: always just given my money to my my, my stock investor.
- 1:36:18Speaker 1: He's putting in the way. You know, we have the
- 1:36:19Speaker 1: conservative fund and we have the risky for us to
- 1:36:22Speaker 1: stop top. I want to invest in uh uh Amazone.
- 1:36:27Speaker 1: I want to invest in Apple. I want to invest
- 1:36:29Speaker 1: that's excuse me, it's my money. I want to invest
- 1:36:31Speaker 1: in I said, I said, because I'm tired of you
- 1:36:33Speaker 1: guys playing around with my world. So I tried to
- 1:36:36Speaker 1: take control of what I feel a direction of where
- 1:36:39Speaker 1: I want. I got my Disney stock, I got my
- 1:36:41Speaker 1: black Stone Black black Rock stock. So and I got
- 1:36:44Speaker 1: a little Chevron and so I di first, got me
- 1:36:47Speaker 1: a little uh City bank and Visa some financial financial stock.
- 1:36:52Speaker 1: So so that's really what we're talking about. When this book,
- 1:36:55Speaker 1: and it's a book of my awakening, was I came
- 1:36:58Speaker 1: out of the pandanga. I had this man money sitting
- 1:37:00Speaker 1: over there, and I had a guy just telling me
- 1:37:03Speaker 1: what to do. I'm just saying that guy could be
- 1:37:05Speaker 1: a female too, who's helping you stop. And basically that's
- 1:37:09Speaker 1: what Think Like a bread Winner is all about. We
- 1:37:11Speaker 1: go through life, whether you're male or female in this
- 1:37:14Speaker 1: particular case is about females. And guess when we settled,
- 1:37:17Speaker 1: we're kind of singled for what we assume is the
- 1:37:20Speaker 1: life we're supposed to lead. And unfortunately, when the curve hits,
- 1:37:25Speaker 1: or the bumping the role hits, the woman is not prepared.
- 1:37:30Speaker 1: And you said that to yourself. You didn't hit a
- 1:37:31Speaker 1: bump in the row, but you had a what they say,
- 1:37:34Speaker 1: a revelation. You know, this is this apartment that you
- 1:37:40Speaker 1: was in was closing in on you when at one
- 1:37:43Speaker 1: time you thought it was it was all cool. You
- 1:37:45Speaker 1: thought you were said, talk about that initial journey into
- 1:37:48Speaker 1: your revelation, which has led to you be a success
- 1:37:51Speaker 1: story in the financial market but also the right This
- 1:37:53Speaker 1: brilliant book called Think Like a bread Winner. Thank you. Yes,
- 1:37:58Speaker 1: I had my own LAKA client think looking back, I
- 1:38:01Speaker 1: was really fortunate because um I had a wake up
- 1:38:03Speaker 1: call early in my life, early in my parenthood, and
- 1:38:08Speaker 1: um so I was able to make some changes and
- 1:38:10Speaker 1: get on the right course. And I wasn't faced with,
- 1:38:13Speaker 1: you know, a really terrible situation. It was just a
- 1:38:15Speaker 1: situation where my husband and I were in a small,
- 1:38:17Speaker 1: one bedroom apartment with a toddler who was outgrowing his
- 1:38:20Speaker 1: crib when he was three ft from the bed, and
- 1:38:24Speaker 1: I really hadn't been paying attention to where we were.
- 1:38:26Speaker 1: I was just sort of um comfortable. I was a
- 1:38:29Speaker 1: new mom. I was really focused on our baby. And
- 1:38:31Speaker 1: one night I was up with him and I was
- 1:38:32Speaker 1: pacing back and forth in our bedroom. I think any
- 1:38:35Speaker 1: parent can relate to this, you know, trying to get
- 1:38:36Speaker 1: him back to sleep. And I looked around and it
- 1:38:39Speaker 1: really hit me. We're in an unsustainable situation. And you know,
- 1:38:44Speaker 1: all my life I had wanted kids, you know, I
- 1:38:47Speaker 1: really deeply wanted a second child. We I loved where
- 1:38:50Speaker 1: we lived in Brooklyn. I loved our neighborhood. We had
- 1:38:53Speaker 1: this network and friends, and I didn't want to leave,
- 1:38:56Speaker 1: and we wanted a place of our own. And I
- 1:38:58Speaker 1: realized in that moll want that even though I thought
- 1:39:01Speaker 1: I'd been doing a lot right, like I was covering
- 1:39:03Speaker 1: half the bills, I had a little four one K
- 1:39:05Speaker 1: had a little bit of say things that I really
- 1:39:07Speaker 1: wasn't making the kinds of money, choices that would ensure
- 1:39:11Speaker 1: that we could afford these things that were so important
- 1:39:13Speaker 1: to me. And I asked myself, why had I not
- 1:39:18Speaker 1: been making those those choices, taking that action with my money?
- 1:39:21Speaker 1: And I realized that, deep down, I had been depending
- 1:39:25Speaker 1: on my husband to do all the financial planning for
- 1:39:28Speaker 1: our future because that's how I'd grown up. My dad
- 1:39:31Speaker 1: had been the main or or sold breadwinner for most
- 1:39:33Speaker 1: of my childhood, and so I sort of grew up
- 1:39:36Speaker 1: subconsciously expecting to depend on my partner for a lot
- 1:39:40Speaker 1: of that. Um. So then I kind of asked myself,
- 1:39:43Speaker 1: you know, after realizing that, I sort of why was
- 1:39:46Speaker 1: I thinking that? And then I asked, what if I
- 1:39:49Speaker 1: had been raised instead to be the breadwinner? You know,
- 1:39:52Speaker 1: what if I had grown up believing that I would
- 1:39:54Speaker 1: be fully financially responsible for myself for life and probably
- 1:39:58Speaker 1: a family too. Had that change the choices I made
- 1:40:01Speaker 1: with my money? And the answer was a resounding yes.
- 1:40:06Speaker 1: And so then the question was, Okay, what do I
- 1:40:08Speaker 1: do now? And that's really where it started. Well, the
- 1:40:12Speaker 1: interesting thing about it is that that's why I say,
- 1:40:14Speaker 1: you know, I'm not going to take any way if
- 1:40:16Speaker 1: this is a brilliant book. But if you're a man,
- 1:40:18Speaker 1: this happens to you. If you are a person who
- 1:40:22Speaker 1: was going through life. You know, here's just let me
- 1:40:25Speaker 1: be an example. I went to went to college, I
- 1:40:28Speaker 1: got my degree in mathematics, my mind and sociology, went
- 1:40:31Speaker 1: to work for IBM, and you know, I'm thinking, this
- 1:40:35Speaker 1: is my life, you know. And I eventually quit IBM
- 1:40:38Speaker 1: and started a career as a stand up comedian, which
- 1:40:41Speaker 1: led to a lot of other great things in my life.
- 1:40:43Speaker 1: But I made that decision. You understand what I'm saying, Jennifer.
- 1:40:47Speaker 1: I made that decision. And so this book is about
- 1:40:49Speaker 1: telling you don't be the person with the decision is
- 1:40:52Speaker 1: being made for you. And that's what happens so much
- 1:40:55Speaker 1: in the bread when the conversation that you're talking about,
- 1:40:58Speaker 1: I decided to leave ib So it means that I
- 1:41:00Speaker 1: planned not exit. I had some money saved, not what
- 1:41:04Speaker 1: enough money, by the way, but I had some money
- 1:41:06Speaker 1: saved because I planned I was going to be a
- 1:41:08Speaker 1: success in your entertainment. So this is about thinking out
- 1:41:12Speaker 1: of the box about yourself. And in some words, a
- 1:41:14Speaker 1: lot of people use this word wrong incorrectly selfish, because
- 1:41:18Speaker 1: I think at some point, you have to think about yourself,
- 1:41:20Speaker 1: talk about that whole process of thinking about yourself and
- 1:41:23Speaker 1: outside of the revelation, because you have to be you
- 1:41:26Speaker 1: have to be selfish. Well, you have to take care
- 1:41:29Speaker 1: of yourself, and I don't. I don't necessarily and I
- 1:41:32Speaker 1: know some people do say that's being selfish, but you
- 1:41:35Speaker 1: really can't take care of anybody else unless you're taking
- 1:41:37Speaker 1: care of yourself. Um, and so I don't think of
- 1:41:39Speaker 1: it as being selfish. I think I'm not in a
- 1:41:41Speaker 1: position to really care for my family if I'm not
- 1:41:44Speaker 1: caring for myself, and that that is, you know, both
- 1:41:46Speaker 1: the self care aspect of it, but also financially and really,
- 1:41:50Speaker 1: you know, to your point, what this came down to
- 1:41:52Speaker 1: is like people are in different situations, but what it
- 1:41:54Speaker 1: came down to was that I was depending on someone
- 1:41:57Speaker 1: else to make sure the future that I wanted. Howpend,
- 1:42:00Speaker 1: I was relinquishing that responsibility to someone else, and and
- 1:42:05Speaker 1: I wanted to take back some of that control. I
- 1:42:07Speaker 1: wanted to feel really secure that these things that were
- 1:42:10Speaker 1: so important to me in my life came to pass.
- 1:42:13Speaker 1: And that meant really confronting the underlying beliefs that had
- 1:42:17Speaker 1: you know, informed the money choices that I've made, and
- 1:42:19Speaker 1: then confronting these these you know, money things in my mind,
- 1:42:23Speaker 1: like and I and my good with money? Can I
- 1:42:25Speaker 1: do this? And I and I am I capable of
- 1:42:27Speaker 1: earning more? All of these kind of fears come up
- 1:42:29Speaker 1: to the surface when you start to say I am
- 1:42:31Speaker 1: going to take financial responsibility for my life. I can
- 1:42:35Speaker 1: do this right, because that gives you such tremendous agency
- 1:42:40Speaker 1: over your life, and it is an incredible feeling. And
- 1:42:43Speaker 1: I know that a lot of people don't really get
- 1:42:45Speaker 1: that message when they're growing up. It's not just women,
- 1:42:48Speaker 1: but I do think culturally we are not conditioning women
- 1:42:52Speaker 1: to really think of themselves as wealth builders right, as
- 1:42:55Speaker 1: being real providers, so being able to support the lives
- 1:42:59Speaker 1: that they want and to support others lives too, and
- 1:43:02Speaker 1: then really being given the tools to do that. And
- 1:43:05Speaker 1: I think that's true of a lot of Americans. We
- 1:43:07Speaker 1: do a really bad job of educating people about finances
- 1:43:11Speaker 1: in this country. We have a ways to go, but
- 1:43:13Speaker 1: I do think that the message that women get, combined
- 1:43:16Speaker 1: with that lack of education, can do more damage, you know,
- 1:43:19Speaker 1: So I think we have a wider gap to close
- 1:43:22Speaker 1: as women. And if you look, really, just step back
- 1:43:24Speaker 1: and look at the data points there. Women really are
- 1:43:27Speaker 1: lagging men financially by almost any measure, and there's no
- 1:43:30Speaker 1: reason for that. There's really no reason for that anymore. Um.
- 1:43:34Speaker 1: So it's this book is really about like removing those
- 1:43:37Speaker 1: internal barriers and overcoming the external barriers so that you
- 1:43:41Speaker 1: can reach your wealth building earning potential and have the
- 1:43:45Speaker 1: life that you really want. Well, you know the interesting
- 1:43:48Speaker 1: thing about the book, I want to back up just
- 1:43:50Speaker 1: a little bit, and because you're gonna bring race in
- 1:43:52Speaker 1: just a little bit, it's just a positive version of life. Well,
- 1:43:55Speaker 1: you know, you have black women and you have white women,
- 1:43:57Speaker 1: and you mentioned something about black women. They were exposed
- 1:44:00Speaker 1: to the uh the bread winner philosophy for decades. Explain
- 1:44:04Speaker 1: about that, and then why why women have been been
- 1:44:07Speaker 1: conceptualized by the Disney Prince's philosophy of living? Yeah, I think, um,
- 1:44:14Speaker 1: and I talked about this in the preface, so I
- 1:44:16Speaker 1: know that. Um, you know that the bread winning rates
- 1:44:19Speaker 1: are much different depending on you know, different races and
- 1:44:23Speaker 1: different communities. So we know that, for example, you know,
- 1:44:27Speaker 1: right now, overall we have had this herodigm shift in
- 1:44:31Speaker 1: the bread winning model overall, So in more than forty
- 1:44:34Speaker 1: of households with kids under eighteen. Overall, women are now
- 1:44:37Speaker 1: the main or soul bread winner. But if you look
- 1:44:40Speaker 1: at the Latino community, if you look at the Black community,
- 1:44:43Speaker 1: that has been the case for a long time, um,
- 1:44:45Speaker 1: and the numbers are even higher. But what I'm really
- 1:44:47Speaker 1: talking about in this book is something that's a lot
- 1:44:49Speaker 1: more universal, which is, you know, even if you sort
- 1:44:52Speaker 1: of expect, oh, I may end up kind of taking
- 1:44:54Speaker 1: care of myself and taking care of my family, I
- 1:44:56Speaker 1: don't feel like as a culture we are setting women
- 1:44:59Speaker 1: up or success in that role. So it really doesn't
- 1:45:02Speaker 1: matter where you come from. What I tried to do
- 1:45:05Speaker 1: in this book was take the breadwinning lens and apply
- 1:45:07Speaker 1: it to every aspect of your finances. So if you're
- 1:45:10Speaker 1: really thinking, like what do I want in my life,
- 1:45:13Speaker 1: and what are the choices I need to make with
- 1:45:15Speaker 1: my money and my career or my job path to
- 1:45:18Speaker 1: support that, and then applying that lens everywhere, you really
- 1:45:22Speaker 1: start to see there's such a dichotomy between the messaging
- 1:45:26Speaker 1: that we're getting as women and what we really want
- 1:45:29Speaker 1: to be doing if we want to be able to
- 1:45:31Speaker 1: truly support ourselves. And that's everything from like credit, where
- 1:45:35Speaker 1: we're being marketed this message of like credit cards or
- 1:45:37Speaker 1: a way to close the gap between this life that
- 1:45:40Speaker 1: we can afford and the things that we want, And
- 1:45:43Speaker 1: that's not really it at all if you're looking at
- 1:45:44Speaker 1: it as a bread runner and in the fullest sense
- 1:45:47Speaker 1: you're thinking, how do I build my credit so that
- 1:45:50Speaker 1: one day I can buy a home? And you're using
- 1:45:53Speaker 1: in that instance, you're leveraging credit to build wealth, because
- 1:45:57Speaker 1: most Americans have most of their wealth tied up in
- 1:45:59Speaker 1: their homes, and if you can't buy a home, that
- 1:46:02Speaker 1: really holds you back. So that's what I'm talking about.
- 1:46:05Speaker 1: It's thinking. It's like, it's not just earning more, it's
- 1:46:08Speaker 1: really thinking more expensively about your capabilities and the possibilities
- 1:46:13Speaker 1: for your life. Well, you know the interesting thing about you.
- 1:46:15Speaker 1: But first of all, there's a fantastic job of laying
- 1:46:19Speaker 1: out the blueprint of what you're trying to convey in
- 1:46:21Speaker 1: this and you do it very special with your interviews.
- 1:46:24Speaker 1: And the reason I say it's very special with your
- 1:46:26Speaker 1: interviews because you interview people to give examples. Because a
- 1:46:28Speaker 1: lot of people, when you read a book like this,
- 1:46:30Speaker 1: they'll say I can't relate or that's not me. Well, well,
- 1:46:34Speaker 1: well I'm sorry. She interviewed enough of you means that
- 1:46:37Speaker 1: I'm pretty sure you're gonna find yourself in this book.
- 1:46:40Speaker 1: Talk about that journey of finding the the different people
- 1:46:42Speaker 1: that you interviewed for the book and that they did.
- 1:46:44Speaker 1: What their takeaway? Did they learn something from the interview
- 1:46:47Speaker 1: process that you brought to the table from there to
- 1:46:50Speaker 1: the through the interview process you brought to the table
- 1:46:52Speaker 1: for them? Sure? Um, well, I definitely learned something from
- 1:46:55Speaker 1: every single person I interviewed. And I interviewed over a
- 1:46:58Speaker 1: hundred women, and I intentionally tried to find women from
- 1:47:02Speaker 1: a whole diverse range of backgrounds from all over the country,
- 1:47:05Speaker 1: in a lot of different fields, making a lot of
- 1:47:07Speaker 1: different incomes, so that we could be pretty representative. So
- 1:47:09Speaker 1: there are single parents, there are single women, there are
- 1:47:12Speaker 1: same sex you know, heterosexual couples are really pretty wide range. Um,
- 1:47:18Speaker 1: and I learned a lot from them, I really did.
- 1:47:21Speaker 1: I learned a lot in every conversation. Um. And I
- 1:47:24Speaker 1: would like to think that it's it was mutual too,
- 1:47:27Speaker 1: because you know, I'd spend like anywhere from an hour
- 1:47:29Speaker 1: to five hours with each of them, and sometimes I'd
- 1:47:32Speaker 1: come back to them, like during the pandemic. I went
- 1:47:34Speaker 1: back to a lot of them to see how they
- 1:47:36Speaker 1: were doing, how things have changed, and really tried to
- 1:47:38Speaker 1: incorporate that in the book as well. Um, but yeah,
- 1:47:42Speaker 1: I think it's so important to have all these stories
- 1:47:44Speaker 1: because I can only speak from my own experience, right,
- 1:47:47Speaker 1: And look, I'm fortunate. I grew up in a middle class,
- 1:47:50Speaker 1: suburban household. My parents were professors, you know, I had
- 1:47:53Speaker 1: a lot of privilege growing up. And I wanted to
- 1:47:55Speaker 1: make sure that it wasn't just my story that drove
- 1:47:57Speaker 1: the book. I could talk about my own experience is
- 1:48:00Speaker 1: but I really wanted to bring in a lot of
- 1:48:01Speaker 1: different perspectives too. Well. That was important because again, like
- 1:48:05Speaker 1: you said, you know my perspective, I come from inter city,
- 1:48:08Speaker 1: six sisters, two brothers, fathers, and truck driver mom didn't work.
- 1:48:12Speaker 1: That's a totally different experience. If I just wrote from
- 1:48:14Speaker 1: that experience, and I could be very very global in
- 1:48:18Speaker 1: my approach, well, this is what you gotta do to
- 1:48:20Speaker 1: be there. But when you brought into the examples, and
- 1:48:22Speaker 1: some of them are very rememberable, I thought they the
- 1:48:25Speaker 1: interview when you're the lady who was married to the
- 1:48:28Speaker 1: guy who didn't want kids, and then she eventually left
- 1:48:31Speaker 1: film and she had her kids. And that type of
- 1:48:34Speaker 1: independence is happening every day nowadays, where if you try
- 1:48:38Speaker 1: to do that the sixties seven day people would look
- 1:48:40Speaker 1: down on you. But that level of independence for women
- 1:48:43Speaker 1: allowing them to do what you're asking them to do
- 1:48:46Speaker 1: in this book, to step forward, be yourself. You can't
- 1:48:49Speaker 1: be independent, and that's this is all about being independent
- 1:48:53Speaker 1: and not being dependent. Correct totally. And I when I
- 1:48:57Speaker 1: talked about my own story, one of the reasons I
- 1:48:59Speaker 1: think I was so fortun in it is that as
- 1:49:00Speaker 1: I started interviewing women, I heard incredible stories. People really
- 1:49:05Speaker 1: opened up and they had suffered some really terrible things.
- 1:49:07Speaker 1: I one woman had been in an abusive relationship and
- 1:49:10Speaker 1: didn't think she could afford to leave. That was a
- 1:49:12Speaker 1: true story. And I heard stories like that, or I
- 1:49:15Speaker 1: had stories of people who really wanted to have kids,
- 1:49:17Speaker 1: didn't find a partner, hadn't saved up the money and
- 1:49:19Speaker 1: panicked and didn't think they could afford to have a
- 1:49:21Speaker 1: kid financially, and so they gave up something that was
- 1:49:23Speaker 1: incredibly important to them. So I think about, you know,
- 1:49:27Speaker 1: being stuck in a toxic environment, being stuck in an
- 1:49:29Speaker 1: abusive relationship, you know, having to feel like you have
- 1:49:33Speaker 1: to give up something that's so important to you because
- 1:49:35Speaker 1: you didn't financially plan for it, because you don't have savings,
- 1:49:38Speaker 1: because you were so dependent on your partner or your
- 1:49:40Speaker 1: paycheck that you feel like you have no choices. I
- 1:49:43Speaker 1: don't want any woman to be in that situation. I mean,
- 1:49:46Speaker 1: that's what really drives me because as I started doing
- 1:49:49Speaker 1: these interviews, I realized just how lucky I was that
- 1:49:53Speaker 1: I wasn't in that kind of a situation when I
- 1:49:55Speaker 1: have my wake up call. And now I looked back,
- 1:49:57Speaker 1: you know, I talked in the savings chapter about I
- 1:49:59Speaker 1: looked back at some of the experiences I've had in
- 1:50:01Speaker 1: my career. I mean, there, I've had some serious sexual
- 1:50:04Speaker 1: harassment experiences early in my career, and I think I
- 1:50:08Speaker 1: put up with some things because I didn't have the savings.
- 1:50:10Speaker 1: And in other cases, I had the safety net of
- 1:50:13Speaker 1: my parents or I had savings, and I didn't put
- 1:50:15Speaker 1: up with things Like I was able to to walk
- 1:50:17Speaker 1: out of a job after a particularly bad incident because
- 1:50:20Speaker 1: I had my parents, because I had a little bit
- 1:50:22Speaker 1: of savings. Imagine if I hadn't you know, and that's
- 1:50:25Speaker 1: what I started to think about, is like, imagine, if
- 1:50:27Speaker 1: you are so dependent on your paycheck or a partner
- 1:50:30Speaker 1: that you can't afford to leave. That is a terrible situation.
- 1:50:34Speaker 1: I don't want anyone to ever be in that situation.
- 1:50:37Speaker 1: So that's part of this book too, is really just like,
- 1:50:40Speaker 1: you know, preparing yourself not only to support the life
- 1:50:43Speaker 1: you want, but ensuring you're never stuck in a situation
- 1:50:45Speaker 1: that you don't want. Well, you know. More importantly, I'm
- 1:50:48Speaker 1: talking to Jennifer Barrett. He's the author of this wonderful book,
- 1:50:51Speaker 1: Think Like a Breadwinner, and it's an eye open it
- 1:50:54Speaker 1: for me as a male. It's a book this uh,
- 1:50:56Speaker 1: this geared toward women, a female point of view, a
- 1:50:58Speaker 1: wake up call for women to understand how they should gain.
- 1:51:02Speaker 1: Let me just put this way, women in general, start
- 1:51:05Speaker 1: making your decisions for yourself. In other words, stop rolling
- 1:51:08Speaker 1: into what that you feel is. This is what I'm
- 1:51:10Speaker 1: supposed to do, this is the life I've been supposed
- 1:51:12Speaker 1: to be living. And that's what this book does for me.
- 1:51:15Speaker 1: At the beginning of my show, I always talking about
- 1:51:17Speaker 1: leave with your gifts and don't let your age, friends, family,
- 1:51:19Speaker 1: or co workers stop you from planning to living your dreams.
- 1:51:22Speaker 1: And basically that's what this book is telling you. You know,
- 1:51:24Speaker 1: look in the mirror at yourself and be to be
- 1:51:27Speaker 1: dependent on yourself. And we talked about it off air,
- 1:51:29Speaker 1: but when you start talking about marriages, you said, Rishan,
- 1:51:33Speaker 1: I'm gonna just say she talked to me like this, Rashan,
- 1:51:35Speaker 1: because I read it from the book. I felt like
- 1:51:36Speaker 1: she was talking to me. Y'all. Okay, she said, Roshan,
- 1:51:38Speaker 1: forty percent of the people get married and they know
- 1:51:41Speaker 1: it isn't the divorce, but they don't care. They don't.
- 1:51:44Speaker 1: They don't they don't plan for the possibilities that it
- 1:51:46Speaker 1: might end in the divorce. If you were giving that
- 1:51:49Speaker 1: number fifty on anything that you do in a daily life,
- 1:51:52Speaker 1: if you were heard it was fIF percent chance of rain,
- 1:51:55Speaker 1: you will probably take an umbrella. If you heard the
- 1:51:57Speaker 1: temperature we're gonna drop fifty percent chance we're gonn drop
- 1:52:00Speaker 1: on the forty degree, you would take a coat. But
- 1:52:02Speaker 1: when it comes to marriage, we have such a naive
- 1:52:05Speaker 1: approach to it, like won't happen to me, and when
- 1:52:08Speaker 1: it does happen, there's no preparations. So with that being said,
- 1:52:12Speaker 1: how does one shift from the from the person who's
- 1:52:16Speaker 1: being taken care of to the bread winner? How do that?
- 1:52:19Speaker 1: How do they make that shift? Yeah? I mean I
- 1:52:21Speaker 1: think it starts with looking at your income and being
- 1:52:24Speaker 1: very realistic about is the income I'm earning supporting the
- 1:52:27Speaker 1: life that I want? And then and I know this
- 1:52:29Speaker 1: is really hard, and because I've interviewed people and so
- 1:52:32Speaker 1: many of our Acorns users are in this position too,
- 1:52:34Speaker 1: because a lot of people feel like they're living paychecks
- 1:52:36Speaker 1: a paycheck, and I certainly did when I have my
- 1:52:38Speaker 1: wake up Paul, and we're thinking we don't have any
- 1:52:40Speaker 1: money to save or invest, like we're barely getting by.
- 1:52:43Speaker 1: But if you don't need to put a lot of
- 1:52:45Speaker 1: money aside, it's just so important to get into the
- 1:52:48Speaker 1: habit of using your paycheck, using each paycheck to be
- 1:52:52Speaker 1: less dependent on your next paycheck. And what I mean
- 1:52:55Speaker 1: by that is using anything you can from that paycheck
- 1:52:58Speaker 1: you get to put into savings, high yield savings to
- 1:53:01Speaker 1: put into the stock market and bonds, and start investing
- 1:53:04Speaker 1: that money so it can grow for you. Because that's
- 1:53:07Speaker 1: how you break the chain, right, That's how you break
- 1:53:09Speaker 1: your dependence on every single paycheck, how you break the
- 1:53:12Speaker 1: paycheck to paycheck cycle, how you build real wealth. When
- 1:53:15Speaker 1: I'm talking about wealth, I think we have this notion
- 1:53:18Speaker 1: of wealth as being like, I don't know, make mansions
- 1:53:21Speaker 1: and yachts and all these things. I'm not talking about that.
- 1:53:23Speaker 1: I'm talking about having enough money growing in the background
- 1:53:26Speaker 1: of your life by investing it, that you have the
- 1:53:29Speaker 1: money to make choices in your life, that you have
- 1:53:31Speaker 1: the money to you know, to go back to school
- 1:53:34Speaker 1: if you want to go to school, if you want
- 1:53:35Speaker 1: you have the money to start a business, if you
- 1:53:37Speaker 1: want to you have the money to travel, to buy
- 1:53:39Speaker 1: a home. All of these things, you know, they require
- 1:53:42Speaker 1: more than you're usually making in a paycheck, and so
- 1:53:44Speaker 1: it's so important to get into that happened. I don't
- 1:53:46Speaker 1: think women, especially we are we are not encouraged to
- 1:53:51Speaker 1: be wealth builders. We are not encouraged to say I
- 1:53:54Speaker 1: want to make money, earn money, I want to make
- 1:53:56Speaker 1: a lot of money. You know, we are not encouraged
- 1:53:58Speaker 1: to think that way or even to consider it, or
- 1:54:00Speaker 1: that we're good investors. When the research actually shows that
- 1:54:03Speaker 1: we're better investors than then often we get good returns.
- 1:54:08Speaker 1: So that it starts with that and then it starts.
- 1:54:10Speaker 1: You know, obviously you don't want credit card debt. You
- 1:54:12Speaker 1: want to be building your credit um you know, all
- 1:54:14Speaker 1: of these things, and you want to be really thinking
- 1:54:16Speaker 1: strategically about your job path or your career so that
- 1:54:19Speaker 1: it's not just what am I making now, but what
- 1:54:21Speaker 1: am I going to make next year, five years from now?
- 1:54:23Speaker 1: How do I take the steps now to set myself up,
- 1:54:26Speaker 1: you know, to earn more. I remember listening to Ashcash
- 1:54:29Speaker 1: talking about he was a bank teller and already had
- 1:54:31Speaker 1: dreams of being, you know, a bank manager, of moving
- 1:54:33Speaker 1: into an executive role. He was thinking three steps ahead.
- 1:54:36Speaker 1: And that's how you have to think. Is am I
- 1:54:38Speaker 1: doing the things right now that are going to set
- 1:54:40Speaker 1: me up so that I have the role I want
- 1:54:42Speaker 1: to have in two years, five years down the road? Well,
- 1:54:44Speaker 1: you know, you have to think if you don't think
- 1:54:46Speaker 1: about the future, and we have a general tendency to
- 1:54:49Speaker 1: think every thirty days, so paycheck to paycheck, and if
- 1:54:52Speaker 1: you think like that, you really don't see to put
- 1:54:54Speaker 1: you a pitfall that can happen. And I think that
- 1:54:56Speaker 1: in the beginning of the books, when you you kind
- 1:54:59Speaker 1: of like paycheck pay checking, one day you just woke
- 1:55:01Speaker 1: up and right woome, you know something, just paycheck to
- 1:55:04Speaker 1: paycheck is not gonna work out because, uh, we're in
- 1:55:07Speaker 1: one bed room and I'm looking at my baby and
- 1:55:08Speaker 1: my baby's growing paycheck to paycheck. And so that that
- 1:55:12Speaker 1: awakening that made you move forward. With that being said,
- 1:55:15Speaker 1: you know we have so many barriers. You know, when
- 1:55:17Speaker 1: we think about athletics for women and there's a there's
- 1:55:20Speaker 1: a title line to have women have equal sports participation
- 1:55:25Speaker 1: in colleges, and right now we hear about situations and
- 1:55:28Speaker 1: soccer trying to tennis and professional sports. But when it
- 1:55:32Speaker 1: comes to academics and I'm talking about the the learned
- 1:55:35Speaker 1: world executives, we know there's a shoulderness the philosophy. They're
- 1:55:40Speaker 1: stopping women from getting equal paid and so that, like
- 1:55:44Speaker 1: you said, you use some uncomfortable situations where you have
- 1:55:47Speaker 1: to leave, and when you think back on a certain situations,
- 1:55:49Speaker 1: you took some stuff that you probably shouldn't have taken
- 1:55:52Speaker 1: in job environments. How would that being said? I know
- 1:55:55Speaker 1: it's not gonna happen overnight, and I'm not trying to
- 1:55:58Speaker 1: get you to go there even this conversation, but this
- 1:56:00Speaker 1: book allows me to at least open up the eyes
- 1:56:02Speaker 1: for the reader to say, hey, start thinking about the
- 1:56:05Speaker 1: possibilities and that really is the basis of this book,
- 1:56:08Speaker 1: the possibilities and shape those possibilities into opportunities and then
- 1:56:12Speaker 1: opportunities turned into goals. Is that the right strategy I'm
- 1:56:16Speaker 1: putting in place about your book? It starts with having
- 1:56:19Speaker 1: a vision for what you want in your future and
- 1:56:22Speaker 1: then thinking about what you can do to get there
- 1:56:24Speaker 1: um and planning that strategy and taking it step by step.
- 1:56:27Speaker 1: You know, it took me a few years to get
- 1:56:28Speaker 1: on the right track, but that's you know that It
- 1:56:30Speaker 1: starts with asking yourself what do I want in my life?
- 1:56:33Speaker 1: Not what can I forward right now in my life?
- 1:56:35Speaker 1: Not what do other people expect from me in my life?
- 1:56:38Speaker 1: What do I want in my life? And how can
- 1:56:41Speaker 1: I make it happen? And that gives you such a
- 1:56:43Speaker 1: sense of agency when you start taking the steps to
- 1:56:46Speaker 1: make it happen. And the other you know, the other
- 1:56:48Speaker 1: thing that you pointed out is that look, if we
- 1:56:50Speaker 1: look at the numbers, women are lagging men on every
- 1:56:55Speaker 1: financial measure right now. So if you just do the
- 1:56:58Speaker 1: status quo, can you just fall into that? That's where
- 1:57:02Speaker 1: you're gonna end up, so you have to actually stop
- 1:57:04Speaker 1: and say no, wait, that is not how I wanted
- 1:57:06Speaker 1: to go for me. I don't want to get paid
- 1:57:08Speaker 1: less than the guy down the hall. I don't want that.
- 1:57:11Speaker 1: I don't want to be passed over for promotion. You know,
- 1:57:13Speaker 1: these are very real barriers, and so it's important for
- 1:57:17Speaker 1: us to be aware of them, but then also think about, Okay,
- 1:57:20Speaker 1: what am I going to do so I get that promotion. So,
- 1:57:22Speaker 1: for example, we know there's research out there that shows
- 1:57:24Speaker 1: that women are more likely to pick up what's called
- 1:57:26Speaker 1: office housework or nonpromotable work. We're the ones like organizing
- 1:57:30Speaker 1: the meetings, are cleaning the conference room or whatever it is,
- 1:57:32Speaker 1: and that people are more likely to ask women to
- 1:57:35Speaker 1: do that. That doesn't mean we need to say yes,
- 1:57:38Speaker 1: you know, we can be nice about it, but we
- 1:57:41Speaker 1: don't need to fall into some of these traps. And
- 1:57:43Speaker 1: I think the first step there is awareness, Like if
- 1:57:45Speaker 1: you are aware that this is happening and you say no,
- 1:57:48Speaker 1: wait a second, I don't want this to happen to me,
- 1:57:51Speaker 1: then the question is, okay, what steps are you going
- 1:57:52Speaker 1: to take so that that doesn't happen to you? Because
- 1:57:55Speaker 1: you want your life to go on a different trajectory.
- 1:57:58Speaker 1: And I'm sitting here twelve years later telling you that
- 1:58:00Speaker 1: is entirely possible. You know, I'm not saying it's always easy,
- 1:58:03Speaker 1: but it is entirely possible to say like mm hmmm, no,
- 1:58:06Speaker 1: this is not me. I don't want to be making
- 1:58:08Speaker 1: you know, eighteen cents less or more, you know, than
- 1:58:11Speaker 1: than the white man down the wall. It's just not
- 1:58:13Speaker 1: going to make you know. Um. But then you have
- 1:58:16Speaker 1: to be aware of that, and then you have to
- 1:58:17Speaker 1: think about, Okay, what do I need to do to
- 1:58:19Speaker 1: make sure I get that promotion art I'm gonna track
- 1:58:21Speaker 1: every single thing I'm doing for this company and look
- 1:58:23Speaker 1: at how it's supporting this company. And when I come
- 1:58:25Speaker 1: in there and ask for that promotion or that raise,
- 1:58:27Speaker 1: I'm gonna have numbers. Because numbers don't lie. It takes
- 1:58:30Speaker 1: the emotion out of it. It's really hard to argue
- 1:58:32Speaker 1: with numbers. So a lot of this is the approach.
- 1:58:35Speaker 1: You know, I want to say this. You know, we're
- 1:58:37Speaker 1: in that era, you hit that term counsel culture, and
- 1:58:40Speaker 1: because so many people are finally speaking up, finally saying, look,
- 1:58:44Speaker 1: I deserve to be recognize for my work for my pain.
- 1:58:47Speaker 1: And I don't want this book to become a victim
- 1:58:49Speaker 1: of that thought process of counseling. Gold dude, Oh women,
- 1:58:52Speaker 1: it should be satisfied. Should they should be happy being
- 1:58:54Speaker 1: at home, They should be happy taken care of. Because
- 1:58:56Speaker 1: your book is brilliant. I'm just gonna be honest with you.
- 1:58:59Speaker 1: I've read it and I started reading the again because
- 1:59:01Speaker 1: if we missed our first interview, and I was just
- 1:59:03Speaker 1: so moved by the you know, do not wait till
- 1:59:07Speaker 1: your mid thirties. That's a theme in this book. In
- 1:59:09Speaker 1: the mid thirties, these women are starting to wake up.
- 1:59:12Speaker 1: Wake up at nineteen, wake up at sixteen, wake up
- 1:59:15Speaker 1: at twenty one, don't wake up in the mid thirties.
- 1:59:17Speaker 1: And then you then that's what happens. You get in
- 1:59:19Speaker 1: that trap because age starts to come in. You go,
- 1:59:23Speaker 1: can I make up? Can I pivot? And sometimes people
- 1:59:26Speaker 1: don't care if you can't pivot, They're gonna pieve it
- 1:59:27Speaker 1: for you and kick you to the curb. And so
- 1:59:30Speaker 1: that's the wonder of this book is that don't let
- 1:59:32Speaker 1: age stop. You, don't let allow yourself to wait too late.
- 1:59:35Speaker 1: But more importantly, read books like this and it will
- 1:59:38Speaker 1: focus you early, give it to your daughter a lot
- 1:59:41Speaker 1: hard to have a sense that she can be independent.
- 1:59:43Speaker 1: It's all ready to have a freedom thought. It's all
- 1:59:45Speaker 1: ready to think about themselves. It's already to focus about
- 1:59:48Speaker 1: focus on financially in defend in Financial Independent, wonderful book, Jennifer.
- 1:59:52Speaker 1: I really glad we was able to pull this interview
- 1:59:54Speaker 1: off because you are amazing. Thank you, Thank you so much.
- 1:59:58Speaker 1: Appreciate that night. It's such a good sign. Good. I'm
- 2:00:02Speaker 1: glad because I had a good time for reading you
- 2:00:03Speaker 1: maybe smile and I hopefully I made you smile just
- 2:00:06Speaker 1: thinking about some of the fun parts of the book.
- 2:00:08Speaker 1: But again, thank you for coming on money Making Conversations.
- 2:00:10Speaker 1: All right, thank you. If you want to hear more interviews,
- 2:00:13Speaker 1: I'll see more interviews of money making Conversations. Please go
- 2:00:15Speaker 1: to money Making Conversations dot com. I'm with Sean McDonald.
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